BAX vs BDX vs UEEC Stock Comparison

Baxter International, Becton Dickinson and United Health Products Prices as of Oct 23, 2026 Peers: Industry group
BAX Baxter International Inc
$25.31 +7.7% 1M +10.1% 1Y
Market cap
$13.08B
P/E
–
Revenue (TTM)
$5.55B
Div. yield
0.01%
Medical Supplies Healthcare
2 wins
BDX Becton Dickinson & Co
$198.85 +8.8% 1M +6.6% 1Y
Market cap
$53.87B
P/E
57.2x
Revenue (TTM)
$23.25B
Div. yield
–
Medical Supplies Healthcare
7 wins

Head to Head

10 decided of 12

Becton Dickinson leads on 7 of the 12 questions below (Becton Dickinson 7, Baxter International 2, United Health Products 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBAXBDXUEECLeader
Larger companyMarket capitalisation $13.08B $53.87B $7.17M BDX
Cheaper on earningsLower P/E, profitable companies only -12.3x 57.2x -5.0x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.8x 15.3x — BAX
Faster revenue growthRevenue growth, trailing twelve months -49.1% +17.4% — BDX
More profitableNet margin, trailing twelve months -19.2% 4.0% — BDX
Better return on capitalReturn on invested capital 3.4% 5.3% — BDX
Less leveragedLower net debt / EBITDA 4.8x 3.2x -1.9x UEEC
Higher dividend yieldTrailing dividend yield 0.01% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +10.1% +6.6% -33.3% BAX
Better 5-year returnAnnualised price return, 5 years -21.0%/yr -4.3%/yr -46.7%/yr BDX
Less volatileAnnualised volatility, 1 year 44.3% 31.8% 185.6% BDX
Higher overall scoreMean of the five percentile scores vs peers 44/100 67/100 37/100 BDX

Percentile Scorecard

BAXBDXUEEC

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBAXBDXUEEC
Valuation 83 #40 of 228 89 #25 of 228 35 #149 of 228
Growth 18 #182 of 222 48 #117 of 222 75 #57 of 222
Profitability 72 #59 of 210 78 #48 of 210 –
Financial Health 18 #197 of 241 26 #178 of 241 1 #238 of 241
Shareholder Returns 27 #101 of 138 95 #8 of 138 –
Overall 44 67 37
  • BAX ranked among 248 companies in Medical Devices and Diagnostics
  • BDX ranked among 248 companies in Medical Devices and Diagnostics
  • UEEC ranked among 248 companies in Medical Devices and Diagnostics

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBAXBDXUEECSPY
1 month +7.7%+8.8%+33.3% -1.0%
3 months +13.0%+27.2%0.0% +2.9%
6 months +39.4%+30.7%-55.6% +6.4%
Year to date +32.4%+2.5%-20.0% +11.4%
1 year +10.1%+6.6%-33.3% +13.1%
3 years -22.3%-23.3%-86.2% +79.4%
3 years, per year -8.1%-8.5%-48.4% +21.5%
5 years -69.2%-19.5%-95.7% +67.7%
5 years, per year -21.0%-4.3%-46.7% +10.9%
10 years -47.5%+15.4%-55.6% +255.2%
10 years, per year -6.2%+1.4%-7.8% +13.5%

Risk

MeasureBAXBDXUEECSPY
Volatility, 1Y 44.3%31.8%185.6% 12.7%
Downside volatility, 1Y 48.4%33.1%328.7% 12.7%
Beta vs S&P 500, 1Y 1.160.34-0.43 1.00
Return / volatility, 1Y 0.230.21-0.18 1.03
Max drawdown, 5Y -82.3%-50.4%-96.7% -25.4%
From 52-week high -10.7%-5.3%-60.0% -2.5%
52-week high $28.35$210.02$0.10 $779.14
52-week low $15.80$140.71$0.03 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBAXBDXUEEC
P/E now vs peer median -12.3xmedian 30.7x 58.1xmedian 30.7x -6.7xmedian 30.7x
P/S now vs peer median 2.4xmedian 3.0x 2.3xmedian 3.0x —median 3.0x
EV/EBITDA now vs peer median 13.5xmedian 17.7x 14.1xmedian 17.7x -12.5xmedian 17.7x
P/FCF now vs peer median 15.6xmedian 23.7x 16.9xmedian 23.7x -10.3xmedian 23.7x
P/B now vs peer median 2.1xmedian 2.4x 2.2xmedian 2.4x -2.2xmedian 2.4x
PEG now vs peer median -0.43median 0.96 -3.98median 0.96 -1.41median 0.96

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBAXBDXUEEC
Revenue $5.55B $23.25B –
Gross profit $3.78B $10.91B –
Operating income $532.00M $2.48B -$930.33K
Net income -$1.06B $941.00M $3.92M
Free cash flow $839.00M $3.20B -$950.64K
R&D $542.00M $1.37B $89.05K
EPS (diluted) $-2.05 $3.42 $-0.01
Cash & equivalents $2.15B $708.00M $24.50K
Total debt $9.46B $72.81B $4.92M
Shares (diluted) 518.00M 275.16M 260.04M
Enterprise value $5.21B $51.02B $7.06M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBAXBDXUEEC
P/E -12.3x 58.1x -6.7x
P/FCF 15.6x 16.9x -10.3x
P/Operating cash flow 9.7x 13.7x -10.3x
P/S 2.4x 2.3x –
P/B 2.1x 2.2x -2.2x
P/Tangible book 6.1x 2.3x -2.2x
EV/EBITDA 13.5x 14.1x -12.5x
EV/EBIT 38.3x 28.3x -12.5x
EV/Revenue 3.7x 3.0x –
EV/FCF 24.3x 21.9x -12.2x
EV/Operating cash flow 15.2x 17.8x -12.2x
PEG (3Y EPS CAGR) -0.43 -3.98 -1.41

Growth

14 metrics
MetricBAXBDXUEEC
Revenue growth (1Y) -49.1% 17.4% –
Revenue CAGR (3Y) -23.5% 6.9% –
Gross profit growth (1Y) -1.8% 23.7% –
Gross profit CAGR (3Y) -5.2% 8.5% –
Operating income growth (1Y) -50.8% 13.0% 68.3%
Operating income CAGR (3Y) 29.5% 3.3% 29.2%
Net income growth (1Y) -604.0% -40.6% 277.7%
Net income CAGR (3Y) 28.0% -17.3% 40.2%
EPS growth (1Y) -580.5% -38.0% 52.7%
EPS CAGR (3Y) 28.6% -14.6% 4.8%
Operating cash flow growth (1Y) 56.3% 43.5% 1.0%
Operating cash flow CAGR (3Y) -4.8% 14.5% 8.5%
Free cash flow growth (1Y) 153.5% 54.2% 1.0%
Free cash flow CAGR (3Y) -9.5% 22.5% 8.5%

Profitability

14 metrics
MetricBAXBDXUEEC
Gross margin 68.1% 46.9% –
EBITDA margin 27.3% 21.4% –
Operating margin 9.6% 10.7% –
Pretax margin 5.1% 8.4% –
Net margin -19.2% 4.0% –
FCF margin 15.1% 13.8% –
Operating cash flow margin 24.2% 17.0% –
Return on equity -17.4% 3.9% –
Return on assets -5.4% 1.9% -407.2%
Return on invested capital 3.4% 5.3% –
Return on capital employed 3.3% 6.0% –
Asset turnover 0.3x 0.5x –
Cash conversion (OCF / net income) -1.3x 4.2x -0.2x
Stock comp / revenue 2.1% 1.2% –

Financial Health

11 metrics
MetricBAXBDXUEEC
Debt / assets 47.8% 33.1% 737.4%
Debt / equity 1.5x 0.7x -0.4x
Net debt / EBITDA 4.8x 3.2x -1.9x
Debt / FCF 11.3x 5.2x -1.9x
Liabilities / assets 68.6% 51.9% 1,892%
Equity / assets 31.4% 48.1% -1,792%
Interest coverage – 4.2x -8.2x
Current ratio 1.9x 0.9x 0.0x
Quick ratio 1.1x 0.3x 0.0x
Cash ratio 0.6x 0.1x 0.0x
Altman Z-score 2.13 2.31 –

Shareholder Returns

7 metrics
MetricBAXBDXUEEC
Dividend yield 0.2% 2.1% –
Net buyback yield -0.2% 4.6% –
Shareholder yield 0.0% 6.7% –
Payout ratio (earnings) -17.3% – –
Payout ratio (FCF) 21.9% – –
Dividend growth (1Y) -60.8% – –
Dividend CAGR (3Y) -32.0% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBAXBDXUEEC
Forward P/E 12.8xFY2026 15.3xFY2026 –
EPS, next fiscal year $1.98FY2026 $12.99FY2026 –
EPS growth, next FY -10.4%FY2026 +14.8%FY2026 –
EPS growth, the year after -3.5% -3.0% –
Revenue, next fiscal year $11.05BFY2026 $18.11BFY2026 –
Revenue growth, next FY -1.7%FY2026 -17.1%FY2026 –
Revenue growth, the year after +11.7% +11.7% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBAXBDXUEEC
Held by institutions 100.0% 96.1% –
Institutions holding 690 1,442 –
Change in shares held, QoQ +5.2% +0.6% –
Institutions buying 359 688 –
Institutions selling 193 543 –
Buyers to sellers 1.86 1.27 –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BAXBDXUEEC
BAX 1.00 0.39 0.08
BDX 0.39 1.00 0.12
UEEC 0.08 0.12 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BAX, BDX and UEEC?

Becton Dickinson (BDX) is the largest by market capitalisation: Baxter International (BAX) $13.08B, Becton Dickinson (BDX) $53.87B, United Health Products (UEEC) $7.17M.

Which company is growing faster?

Becton Dickinson (BDX) grew revenue fastest over the trailing twelve months: Baxter International (BAX) -49.1%, Becton Dickinson (BDX) +17.4%.

Which company is more profitable?

Becton Dickinson (BDX) has the highest net margin (Baxter International (BAX) -19.2%, Becton Dickinson (BDX) 4.0%). On return on invested capital, Becton Dickinson (BDX) leads (Baxter International (BAX) 3.4%, Becton Dickinson (BDX) 5.3%).

Which stock has performed better?

Over the past year Baxter International (BAX) returned the most: Baxter International (BAX) +10.1%, Becton Dickinson (BDX) +6.6%, United Health Products (UEEC) -33.3%. Over five years, Becton Dickinson (BDX) compounded fastest (Baxter International (BAX) -21.0%/yr, Becton Dickinson (BDX) -4.3%/yr, United Health Products (UEEC) -46.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Baxter International (BAX) 0.01%, Becton Dickinson (BDX) 0.00%, United Health Products (UEEC) 0.00%. Becton Dickinson (BDX) and United Health Products (UEEC) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Becton Dickinson (BDX) has been the steadiest (Baxter International (BAX) 44.3%, Becton Dickinson (BDX) 31.8%, United Health Products (UEEC) 185.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BAX, BDX and UEEC?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Becton Dickinson (BDX) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.