BAX vs STVN vs ACU Stock Comparison

Baxter International, Stevanato Group S.p.A and Acme United Prices as of Nov 4, 2026 Peers: Industry group
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BAX Baxter International Inc
$26.42 +9.1% 1M +47.3% 1Y
Market cap
$13.15B
P/E
–
Revenue (TTM)
$11.61B
Div. yield
0.01%
Medical Supplies Healthcare
2 wins
STVN Stevanato Group S.p.A.
$13.39 -33.1% 1M -45.9% 1Y
Market cap
$3.76B
P/E
23.1x
Revenue (TTM)
$1.45B
Div. yield
–
Medical Supplies Healthcare
5 wins
ACU Acme United Corp
$70.92 +11.2% 1M +88.2% 1Y
Market cap
$262.13M
P/E
26.7x
Revenue (TTM)
$211.60M
Div. yield
–
Medical Supplies Healthcare
4 wins

Head to Head

11 decided of 12

Stevanato Group S.p.A leads on 5 of the 12 questions below (Stevanato Group S.p.A 5, Acme United 4, Baxter International 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBAXSTVNACULeader
Larger companyMarket capitalisation $13.15B $3.76B $262.13M BAX
Cheaper on earningsLower P/E, profitable companies only -18.2x 23.1x 26.7x STVN
Cheaper on forward earningsLower price / next fiscal year consensus EPS 13.3x 20.3x 25.8x BAX
Faster revenue growthRevenue growth, trailing twelve months +5.3% +12.0% +9.0% STVN
More profitableNet margin, trailing twelve months -6.2% 11.2% 4.6% STVN
Better return on capitalReturn on invested capital -1.4% 8.2% 7.3% STVN
Less leveragedLower net debt / EBITDA 9.0x 1.1x 1.1x STVN
Higher dividend yieldTrailing dividend yield 0.01% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +47.3% -45.9% +88.2% ACU
Better 5-year returnAnnualised price return, 5 years -19.5%/yr -11.3%/yr +14.7%/yr ACU
Less volatileAnnualised volatility, 1 year 42.8% 57.3% 30.8% ACU
Higher overall scoreMean of the five percentile scores vs peers 44/100 69/100 71/100 ACU

Percentile Scorecard

BAXSTVNACU

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

AxisBAXSTVNACU
Valuation 86 #32 of 229 95 #12 of 229 94 #14 of 229
Growth 14 #190 of 221 43 #126 of 221 59 #92 of 221
Profitability 65 #73 of 209 82 #39 of 209 81 #41 of 209
Financial Health 18 #197 of 240 75 #61 of 240 57 #104 of 240
Shareholder Returns 35 #96 of 146 48 #76 of 146 62 #56 of 146
Overall 44 69 71
  • BAX ranked among 248 companies in Medical Devices and Diagnostics
  • STVN ranked among 248 companies in Medical Devices and Diagnostics
  • ACU 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

PeriodBAXSTVNACUSPY
1 month +9.1%-33.1%+11.2% -1.0%
3 months -3.3%-33.4%+26.6% -0.4%
6 months +55.6%-29.5%+68.0% +4.5%
Year to date +38.3%-33.4%+75.9% +12.4%
1 year +47.3%-45.9%+88.2% +13.6%
3 years -22.2%-49.8%+114.3% +76.4%
3 years, per year -8.0%-20.5%+29.0% +20.8%
5 years -66.1%-44.9%+98.1% +63.7%
5 years, per year -19.5%-11.3%+14.7% +10.4%
10 years -43.8%—+231.4% +267.7%
10 years, per year -5.6%—+12.7% +13.9%

Risk

MeasureBAXSTVNACUSPY
Volatility, 1Y 42.8%57.3%30.8% 12.8%
Downside volatility, 1Y 44.3%65.6%24.6% 12.7%
Beta vs S&P 500, 1Y 1.091.000.24 1.00
Return / volatility, 1Y 1.10-0.802.87 1.06
Max drawdown, 5Y -82.3%-62.3%-41.7% -25.4%
From 52-week high -6.8%-46.4%0.0% -1.6%
52-week high $28.35$25.00$70.92 $779.14
52-week low $15.80$13.39$35.50 $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.

MultipleBAXSTVNACU
P/E now vs peer median -18.9xmedian 28.5x 22.4xmedian 28.5x 27.6xmedian 28.5x
P/S now vs peer median 1.2xmedian 2.9x 2.8xmedian 2.9x 1.3xmedian 2.9x
EV/EBITDA now vs peer median 27.6xmedian 18.5x 12.5xmedian 18.5x 12.1xmedian 18.5x
P/FCF now vs peer median 11.8xmedian 26.7x 6.9xmedian 26.7x 17.6xmedian 26.7x
P/B now vs peer median 2.1xmedian 2.3x 2.2xmedian 2.3x 2.2xmedian 2.3x
PEG now vs peer median 0.60median 0.93 -618.04median 0.93 0.93median 0.93

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 monthsBAXSTVNACU
Revenue $11.61B $1.45B $211.60M
Gross profit $3.49B $422.60M $84.82M
Operating income -$221.00M $241.76M $14.48M
Net income -$723.00M $163.03M $9.82M
Free cash flow $1.16B $588.03M $15.48M
R&D $519.00M $27.87M –
EPS (diluted) $-1.39 $0.60 $2.37
Cash & equivalents $1.98B $130.31M $5.04M
Total debt $8.60B $537.00M $32.33M
Shares (diluted) 520.00M 272.96M 4.14M
Enterprise value $5.03B $3.29B $244.15M

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
MetricBAXSTVNACU
P/E -18.9x 22.4x 27.6x
P/FCF 11.8x 6.9x 17.6x
P/Operating cash flow 8.2x 13.5x 10.4x
P/S 1.2x 2.8x 1.3x
P/B 2.1x 2.2x 2.2x
P/Tangible book 5.3x 2.3x 3.1x
EV/EBITDA 27.6x 12.5x 12.1x
EV/EBIT -91.8x 18.4x 20.7x
EV/Revenue 1.7x 3.1x 1.4x
EV/FCF 17.5x 7.6x 19.3x
EV/Operating cash flow 12.2x 14.8x 11.5x
PEG (3Y EPS CAGR) 0.60 -618.04 0.93

Growth

14 metrics
MetricBAXSTVNACU
Revenue growth (1Y) 5.3% 12.0% 9.0%
Revenue CAGR (3Y) 0.7% 8.8% 3.1%
Gross profit growth (1Y) -7.1% 13.9% 11.0%
Gross profit CAGR (3Y) -7.7% 5.5% 8.5%
Operating income growth (1Y) -136.3% 11.8% 3.3%
Operating income CAGR (3Y) 4.2% 4.4% 20.1%
Net income growth (1Y) -112.0% 5.0% -5.1%
Net income CAGR (3Y) -31.6% 1.0% 36.0%
EPS growth (1Y) -109.6% 4.3% -5.9%
EPS CAGR (3Y) -31.5% 0.0% 29.7%
Operating cash flow growth (1Y) 97.4% 16.9% 43.2%
Operating cash flow CAGR (3Y) 0.6% 22.5% 12.0%
Free cash flow growth (1Y) 243.5% 7.7% 26.7%
Free cash flow CAGR (3Y) -5.0% -1.4% 1.5%

Profitability

14 metrics
MetricBAXSTVNACU
Gross margin 30.1% 29.1% 40.1%
EBITDA margin 6.3% 24.6% 11.7%
Operating margin -1.9% 16.7% 6.8%
Pretax margin -1.6% 16.2% 5.9%
Net margin -6.2% 11.2% 4.6%
FCF margin 10.0% 40.6% 7.3%
Operating cash flow margin 14.3% 20.8% 12.3%
Return on equity -11.4% 9.1% 8.2%
Return on assets -3.7% 5.4% 5.0%
Return on invested capital -1.4% 8.2% 7.3%
Return on capital employed -1.4% – 8.9%
Asset turnover 0.6x 0.5x 1.1x
Cash conversion (OCF / net income) -2.3x 1.8x 2.7x
Stock comp / revenue 0.9% – 0.9%

Financial Health

11 metrics
MetricBAXSTVNACU
Debt / assets 44.3% 17.7% 16.1%
Debt / equity 1.3x 0.3x 0.3x
Net debt / EBITDA 9.0x 1.1x 1.1x
Debt / FCF 7.4x 0.9x 2.1x
Liabilities / assets 66.5% 40.2% 39.5%
Equity / assets 33.5% 59.8% 60.5%
Interest coverage – 17.3x –
Current ratio 1.8x – 3.2x
Quick ratio 1.0x – 1.3x
Cash ratio 0.5x – 0.1x
Altman Z-score 2.40 – 4.56

Shareholder Returns

7 metrics
MetricBAXSTVNACU
Dividend yield 0.2% 0.4% 0.9%
Net buyback yield -0.2% – -0.2%
Shareholder yield 0.0% 0.4% 0.7%
Payout ratio (earnings) -14.1% – –
Payout ratio (FCF) 8.8% – –
Dividend growth (1Y) -75.0% – –
Dividend CAGR (3Y) -44.1% – –

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.

ConsensusBAXSTVNACU
Forward P/E 13.3xFY2026 20.3xFY2026 25.8xFY2026
EPS, next fiscal year $1.98FY2026 $0.66FY2026 $2.75FY2026
EPS growth, next FY -10.4%FY2026 +4.8%FY2026 +10.4%FY2026
EPS growth, the year after -3.5% +15.2% +4.0%
Revenue, next fiscal year $11.05BFY2026 $1.46BFY2026 $217.65MFY2026
Revenue growth, next FY -1.7%FY2026 +5.1%FY2026 +10.7%FY2026
Revenue growth, the year after +11.7% +10.0% +0.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBAXSTVNACU
Held by institutions 100.0% 16.4% 73.5%
Institutions holding 692 126 84
Change in shares held, QoQ +5.2% +0.4% +1.3%
Institutions buying 359 61 47
Institutions selling 194 52 21
Buyers to sellers 1.85 1.17 2.24

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.

BAXSTVNACU
BAX 1.00 0.06 0.18
STVN 0.06 1.00 0.15
ACU 0.18 0.15 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BAX, STVN and ACU?

Baxter International (BAX) is the largest by market capitalisation: Baxter International (BAX) $13.15B, Stevanato Group S.p.A (STVN) $3.76B, Acme United (ACU) $262.13M.

Which stock is cheaper, BAX, STVN and ACU?

Stevanato Group S.p.A (STVN) trades on the lowest price-to-earnings ratio (Baxter International (BAX) -18.2x, Stevanato Group S.p.A (STVN) 23.1x, Acme United (ACU) 26.7x). On next year's consensus earnings, Baxter International (BAX) is cheapest (Baxter International (BAX) 13.3x, Stevanato Group S.p.A (STVN) 20.3x, Acme United (ACU) 25.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Stevanato Group S.p.A (STVN) grew revenue fastest over the trailing twelve months: Baxter International (BAX) +5.3%, Stevanato Group S.p.A (STVN) +12.0%, Acme United (ACU) +9.0%.

Which company is more profitable?

Stevanato Group S.p.A (STVN) has the highest net margin (Baxter International (BAX) -6.2%, Stevanato Group S.p.A (STVN) 11.2%, Acme United (ACU) 4.6%). On return on invested capital, Stevanato Group S.p.A (STVN) leads (Baxter International (BAX) -1.4%, Stevanato Group S.p.A (STVN) 8.2%, Acme United (ACU) 7.3%).

Which stock has performed better?

Over the past year Acme United (ACU) returned the most: Baxter International (BAX) +47.3%, Stevanato Group S.p.A (STVN) -45.9%, Acme United (ACU) +88.2%. Over five years, Acme United (ACU) compounded fastest (Baxter International (BAX) -19.5%/yr, Stevanato Group S.p.A (STVN) -11.3%/yr, Acme United (ACU) +14.7%/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%, Stevanato Group S.p.A (STVN) 0.00%, Acme United (ACU) 0.00%. Stevanato Group S.p.A (STVN) and Acme United (ACU) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Acme United (ACU) has been the steadiest (Baxter International (BAX) 42.8%, Stevanato Group S.p.A (STVN) 57.3%, Acme United (ACU) 30.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BAX, STVN and ACU?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Stevanato Group S.p.A (STVN) 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.