BAX vs RMTI vs MDLN Stock Comparison

Baxter International, Rockwell Medical and Medline Prices as of Oct 27, 2026 Peers: Industry group
BAX Baxter International Inc
$24.92 +6.6% 1M +7.6% 1Y
Market cap
$13.18B
P/E
–
Revenue (TTM)
$5.55B
Div. yield
0.01%
Medical Supplies Healthcare
2 wins
RMTI Rockwell Medical, Inc.
$6.86 -18.0% 1M +501.8% 1Y
Market cap
$26.92M
P/E
–
Revenue (TTM)
$69.39M
Div. yield
–
Medical Supplies Healthcare
3 wins
MDLN Medline Inc.
$32.38 -6.7% 1M
Market cap
$27.92B
P/E
33.4x
Revenue (TTM)
$28.57B
Div. yield
–
Medical Supplies Healthcare
5 wins

Head to Head

10 decided of 12

Medline leads on 5 of the 12 questions below (Medline 5, Rockwell Medical 3, Baxter International 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBAXRMTIMDLNLeader
Larger companyMarket capitalisation $13.18B $26.92M $27.92B MDLN
Cheaper on earningsLower P/E, profitable companies only -12.4x -5.3x 33.4x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.6x — 22.5x BAX
Faster revenue growthRevenue growth, trailing twelve months -49.1% -21.1% — RMTI
More profitableNet margin, trailing twelve months -19.2% -7.3% 2.9% MDLN
Better return on capitalReturn on invested capital 3.4% — 5.4% MDLN
Less leveragedLower net debt / EBITDA 4.8x 7.8x 3.2x MDLN
Higher dividend yieldTrailing dividend yield 0.01% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +7.6% +501.8% — RMTI
Better 5-year returnAnnualised price return, 5 years -20.5%/yr +3.3%/yr — RMTI
Less volatileAnnualised volatility, 1 year 44.3% 401.8% 44.6% BAX
Higher overall scoreMean of the five percentile scores vs peers 44/100 57/100 67/100 MDLN

Percentile Scorecard

BAXRMTIMDLN

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

AxisBAXRMTIMDLN
Valuation 83 #40 of 227 90 #24 of 227 84 #37 of 227
Growth 19 #177 of 219 26 #163 of 219 –
Profitability 72 #58 of 206 57 #90 of 206 73 #57 of 206
Financial Health 19 #193 of 238 54 #109 of 238 41 #140 of 238
Shareholder Returns 26 #99 of 134 – 71 #39 of 134
Overall 44 57 67
  • BAX ranked among 247 companies in Medical Devices and Diagnostics
  • RMTI ranked among 247 companies in Medical Devices and Diagnostics
  • MDLN ranked among 247 companies in Medical Devices and Diagnostics

Price Performance

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

Returns

PeriodBAXRMTIMDLNSPY
1 month +6.6%-18.0%-6.7% -0.2%
3 months +2.3%-1.9%-20.1% +3.9%
6 months +38.9%+670.8%-26.8% +8.2%
Year to date +30.4%+726.5%-22.9% +12.9%
1 year +7.6%+501.8%— +12.3%
3 years -22.5%+310.8%— +87.4%
3 years, per year -8.2%+60.2%— +23.3%
5 years -68.3%+17.7%— +67.9%
5 years, per year -20.5%+3.3%— +10.9%
10 years -46.8%-89.1%— +261.1%
10 years, per year -6.1%-19.9%— +13.7%

Risk

MeasureBAXRMTIMDLNSPY
Volatility, 1Y 44.3%401.8%44.6% 12.7%
Downside volatility, 1Y 48.0%351.5%48.7% 12.7%
Beta vs S&P 500, 1Y 1.161.650.61 1.00
Return / volatility, 1Y 0.171.25— 0.97
Max drawdown, 5Y -82.3%-91.1%-36.7% -25.4%
From 52-week high -12.1%-22.5%-35.2% -1.2%
52-week high $28.35$8.85$49.99 $779.14
52-week low $15.80$0.55$31.64 $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.

MultipleBAXRMTIMDLN
P/E now vs peer median -12.1xmedian 29.6x -5.3xmedian 29.6x 33.2xmedian 29.6x
P/S now vs peer median 2.3xmedian 2.9x 0.4xmedian 2.9x 1.5xmedian 2.9x
EV/EBITDA now vs peer median 13.4xmedian 17.4x -5.7xmedian 17.4x 17.0xmedian 17.4x
P/FCF now vs peer median 15.4xmedian 22.3x 18.2xmedian 22.3x 26.8xmedian 22.3x
P/B now vs peer median 2.1xmedian 2.3x 0.8xmedian 2.3x 2.2xmedian 2.3x
PEG now vs peer median -0.42median 1.04 -0.13median 1.04 —median 1.04

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 monthsBAXRMTIMDLN
Revenue $5.55B $69.39M $28.57B
Gross profit $3.78B $12.29M $7.79B
Operating income $532.00M -$4.52M $2.03B
Net income -$1.06B -$5.08M $1.03B
Free cash flow $839.00M $1.50M $1.59B
R&D $542.00M $40.00K –
EPS (diluted) $-2.05 $-1.28 $0.97
Cash & equivalents $2.15B $10.52M $2.33B
Total debt $9.46B $9.00M $12.58B
Shares (diluted) 518.00M 3.96M 861.00M
Enterprise value $5.31B -$70.47M $20.87B

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
MetricBAXRMTIMDLN
P/E -12.1x -5.3x 33.2x
P/FCF 15.4x 18.2x 26.8x
P/Operating cash flow 9.6x 9.5x 21.2x
P/S 2.3x 0.4x 1.5x
P/B 2.1x 0.8x 2.2x
P/Tangible book 6.0x 1.1x 7.7x
EV/EBITDA 13.4x -5.7x 17.0x
EV/EBIT 38.0x -2.5x 25.8x
EV/Revenue 3.6x 0.2x 1.8x
EV/FCF 24.1x 7.6x 33.0x
EV/Operating cash flow 15.0x 4.0x 26.2x
PEG (3Y EPS CAGR) -0.42 -0.13 –

Growth

14 metrics
MetricBAXRMTIMDLN
Revenue growth (1Y) -49.1% -21.1% –
Revenue CAGR (3Y) -23.5% -2.9% –
Gross profit growth (1Y) -1.8% -20.3% –
Gross profit CAGR (3Y) -5.2% 22.1% –
Operating income growth (1Y) -50.8% -250.1% –
Operating income CAGR (3Y) 29.5% 23.4% –
Net income growth (1Y) -604.0% -142.2% –
Net income CAGR (3Y) 28.0% 24.1% –
EPS growth (1Y) -580.5% -109.9% –
EPS CAGR (3Y) 28.6% 41.1% –
Operating cash flow growth (1Y) 56.3% -18.3% –
Operating cash flow CAGR (3Y) -4.8% 34.2% –
Free cash flow growth (1Y) 153.5% -44.2% –
Free cash flow CAGR (3Y) -9.5% 30.2% –

Profitability

14 metrics
MetricBAXRMTIMDLN
Gross margin 68.1% 17.7% 27.3%
EBITDA margin 27.3% -2.9% 10.8%
Operating margin 9.6% -6.5% 7.1%
Pretax margin 5.1% -7.9% 4.3%
Net margin -19.2% -7.3% 2.9%
FCF margin 15.1% 2.2% 5.6%
Operating cash flow margin 24.2% 4.1% 7.0%
Return on equity -17.4% -15.5% 5.4%
Return on assets -5.4% -9.6% 2.6%
Return on invested capital 3.4% – 5.4%
Return on capital employed 3.3% -9.9% 5.6%
Asset turnover 0.3x 1.2x 0.7x
Cash conversion (OCF / net income) -1.3x -0.6x 2.0x
Stock comp / revenue 2.1% 2.7% 0.3%

Financial Health

11 metrics
MetricBAXRMTIMDLN
Debt / assets 47.8% 15.9% 32.0%
Debt / equity 1.5x 0.3x 0.7x
Net debt / EBITDA 4.8x 7.8x 3.2x
Debt / FCF 11.3x 6.0x 7.9x
Liabilities / assets 68.6% 37.9% 51.5%
Equity / assets 31.4% 62.1% 48.5%
Interest coverage – -4.0x –
Current ratio 1.9x 3.3x 4.3x
Quick ratio 1.1x 3.0x 2.3x
Cash ratio 0.6x 2.2x 1.0x
Altman Z-score 2.12 -7.79 2.44

Shareholder Returns

7 metrics
MetricBAXRMTIMDLN
Dividend yield 0.2% – –
Net buyback yield -0.2% – 0.0%
Shareholder yield 0.0% – 0.0%
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.

ConsensusBAXRMTIMDLN
Forward P/E 12.6xFY2026 – 22.5xFY2026
EPS, next fiscal year $1.98FY2026 $-0.97FY2026 $1.44FY2026
EPS growth, next FY -10.4%FY2026 – +0.7%FY2026
EPS growth, the year after -3.5% – +13.9%
Revenue, next fiscal year $11.05BFY2026 $77.07MFY2026 $32.52BFY2026
Revenue growth, next FY -1.7%FY2026 +11.3%FY2026 +14.4%FY2026
Revenue growth, the year after +11.7% +7.5% +8.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBAXRMTIMDLN
Held by institutions 100.0% 8.6% 85.5%
Institutions holding 690 33 407
Change in shares held, QoQ +5.2% -14.2% +17.9%
Institutions buying 359 13 322
Institutions selling 193 9 68
Buyers to sellers 1.86 1.44 4.74

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.

BAXRMTIMDLN
BAX 1.00 0.08 0.30
RMTI 0.08 1.00 0.13
MDLN 0.30 0.13 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BAX, RMTI and MDLN?

Medline (MDLN) is the largest by market capitalisation: Baxter International (BAX) $13.18B, Rockwell Medical (RMTI) $26.92M, Medline (MDLN) $27.92B.

Which company is growing faster?

Rockwell Medical (RMTI) grew revenue fastest over the trailing twelve months: Baxter International (BAX) -49.1%, Rockwell Medical (RMTI) -21.1%.

Which company is more profitable?

Medline (MDLN) has the highest net margin (Baxter International (BAX) -19.2%, Rockwell Medical (RMTI) -7.3%, Medline (MDLN) 2.9%). On return on invested capital, Medline (MDLN) leads (Baxter International (BAX) 3.4%, Medline (MDLN) 5.4%).

Which stock has performed better?

Over the past year Rockwell Medical (RMTI) returned the most: Baxter International (BAX) +7.6%, Rockwell Medical (RMTI) +501.8%. Over five years, Rockwell Medical (RMTI) compounded fastest (Baxter International (BAX) -20.5%/yr, Rockwell Medical (RMTI) +3.3%/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%, Rockwell Medical (RMTI) 0.00%, Medline (MDLN) 0.00%. Rockwell Medical (RMTI) and Medline (MDLN) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Baxter International (BAX) has been the steadiest (Baxter International (BAX) 44.3%, Rockwell Medical (RMTI) 401.8%, Medline (MDLN) 44.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BAX, RMTI and MDLN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Medline (MDLN) leads on 5. 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.