NYSE:BAX
Baxter International Inc.
Baxter International Inc.'s revenue grew 5.7% in fiscal 2025 to $11.2B while operating margin fell to −2.7%. Free cash flow was $332.0M, 3.0% of revenue, and the diluted share count rose 0.6%.Summary generated from Baxter International Inc.'s SEC filings. Latest annual report filed Feb 12, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$11.2B
Revenue growth+5.7%
Revenue, 5-yr CAGR−0.7%
Gross margin30.1%
Operating margin−2.7%
Net margin−8.5%
ROIC−1.4%
Return on equity−14.6%
Debt / equity1.54
Free cash flow$332.0M
FCF margin3.0%
Share count change+0.6%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 12.1 | 10.1 | 10.4 | 10.6 | 11.2 |
| Operating income | 1.4 | −2.8 | 0.7 | 0.0 | −0.3 |
| Net income | 1.3 | −2.4 | 2.7 | −0.6 | −1.0 |
| Free cash flow | 1.5 | 0.8 | 1.3 | 0.6 | 0.3 |
Recent filings
- 4Insider transaction report
Sep 3, 2026 - 4Insider transaction report
Sep 3, 2026 - 8-KDirector or officer change
Aug 19, 2026 - 8-KEntry into a material agreement
Aug 18, 2026 - 8-KDirector or officer change
Aug 4, 2026 - 8-KOther events
Aug 4, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Jul 30, 2026 - 8-KResults of operations and financial condition
Jul 30, 2026