BAX vs UEEC vs MCK Stock Comparison

Baxter International, United Health Products and Mckesson Prices as of Oct 29, 2026 Peers: Industry group
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BAX Baxter International Inc
$23.49 0.0% 1M +4.8% 1Y
Market cap
$11.81B
P/E
–
Revenue (TTM)
$11.61B
Div. yield
0.01%
Medical Supplies Healthcare
2 wins
MCK Mckesson Corp
$981.33 +13.5% 1M +21.5% 1Y
Market cap
$118.07B
P/E
25.7x
Revenue (TTM)
$410.98B
Div. yield
0.00%
Drug Distribution Healthcare
8 wins

Head to Head

11 decided of 12

Mckesson leads on 8 of the 12 questions below (Mckesson 8, 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.

QuestionBAXUEECMCKLeader
Larger companyMarket capitalisation $11.81B $7.53M $118.07B MCK
Cheaper on earningsLower P/E, profitable companies only -16.3x -5.3x 25.7x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 11.9x — 20.8x BAX
Faster revenue growthRevenue growth, trailing twelve months +5.3% — +8.8% MCK
More profitableNet margin, trailing twelve months -6.2% — 1.1% MCK
Better return on capitalReturn on invested capital -1.4% — 107.9% MCK
Less leveragedLower net debt / EBITDA 9.0x -1.9x 0.6x UEEC
Higher dividend yieldTrailing dividend yield 0.01% 0.00% 0.00% BAX
Better 1-year returnPrice return, last 12 months +4.8% -42.9% +21.5% MCK
Better 5-year returnAnnualised price return, 5 years -21.5%/yr -46.6%/yr +36.4%/yr MCK
Less volatileAnnualised volatility, 1 year 45.1% 192.9% 30.8% MCK
Higher overall scoreMean of the five percentile scores vs peers 44/100 38/100 59/100 MCK

Percentile Scorecard

BAXUEECMCK

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

AxisBAXUEECMCK
Valuation 89 #25 of 227 37 #143 of 227 54 #12 of 25
Growth 14 #187 of 218 75 #56 of 218 65 #9 of 24
Profitability 66 #69 of 202 – 70 #8 of 24
Financial Health 19 #189 of 233 1 #230 of 233 48 #14 of 26
Shareholder Returns 33 #87 of 130 – 60 #7 of 16
Overall 44 38 59
  • BAX ranked among 247 companies in Medical Devices and Diagnostics
  • UEEC ranked among 247 companies in Medical Devices and Diagnostics
  • MCK ranked among 27 companies in Healthcare Payers and Distributors

Price Performance

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

Returns

PeriodBAXUEECMCKSPY
1 month 0.0%0.0%+13.5% +0.7%
3 months -12.2%-20.0%+13.3% +3.7%
6 months +33.6%-33.3%+20.4% +7.1%
Year to date +22.9%-20.0%+19.6% +12.8%
1 year +4.8%-42.9%+21.5% +11.9%
3 years -26.7%-85.2%+118.3% +85.2%
3 years, per year -9.8%-47.1%+29.8% +22.8%
5 years -70.3%-95.7%+372.1% +67.6%
5 years, per year -21.5%-46.6%+36.4% +10.9%
10 years -50.2%-50.0%+690.7% +262.0%
10 years, per year -6.7%-6.7%+23.0% +13.7%

Risk

MeasureBAXUEECMCKSPY
Volatility, 1Y 45.1%192.9%30.8% 12.7%
Downside volatility, 1Y 49.5%338.3%27.4% 12.6%
Beta vs S&P 500, 1Y 1.18-0.76-0.28 1.00
Return / volatility, 1Y 0.11-0.220.70 0.94
Max drawdown, 5Y -82.3%-96.7%-27.2% -25.4%
From 52-week high -17.1%-60.0%-4.7% -1.2%
52-week high $28.35$0.10$1,030.18 $779.14
52-week low $15.80$0.03$725.17 $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.

MultipleBAXUEECMCK
P/E now vs peer median -16.8xmedian 28.7x -6.7xmedian 28.7x 25.4xmedian 24.3x
P/S now vs peer median 1.0xmedian 3.0x —median 3.0x 0.3xmedian 0.3x
EV/EBITDA now vs peer median 25.6xmedian 17.8x -12.5xmedian 17.8x 16.4xmedian 12.9x
P/FCF now vs peer median 10.5xmedian 26.4x -10.3xmedian 26.4x 17.8xmedian 16.4x
P/B now vs peer median 1.9xmedian 2.4x -2.2xmedian 2.4x -27.0xmedian 2.5x
PEG now vs peer median 0.53median 0.99 -1.41median 0.99 2.12median 1.36

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 monthsBAXUEECMCK
Revenue $11.61B – $410.98B
Gross profit $3.49B – $14.96B
Operating income -$221.00M -$930.33K $6.50B
Net income -$723.00M $3.92M $5.30B
Free cash flow $1.16B -$950.64K $6.42B
R&D $519.00M $89.05K –
EPS (diluted) $-1.39 $-0.01 $38.52
Cash & equivalents $1.98B $24.50K $5.16B
Total debt $8.60B $4.92M $9.73B
Shares (diluted) 520.00M 260.04M 119.20M
Enterprise value $3.69B $7.42M $101.97B

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
MetricBAXUEECMCK
P/E -16.8x -6.7x 25.4x
P/FCF 10.5x -10.3x 17.8x
P/Operating cash flow 7.3x -10.3x 16.7x
P/S 1.0x – 0.3x
P/B 1.9x -2.2x -27.0x
P/Tangible book 4.7x -2.2x -13.9x
EV/EBITDA 25.6x -12.5x 16.4x
EV/EBIT -84.9x -12.5x 18.3x
EV/Revenue 1.6x – 0.3x
EV/FCF 16.2x -12.2x 18.5x
EV/Operating cash flow 11.3x -12.2x 17.4x
PEG (3Y EPS CAGR) 0.53 -1.41 2.12

Growth

14 metrics
MetricBAXUEECMCK
Revenue growth (1Y) 5.3% – 8.8%
Revenue CAGR (3Y) 0.7% – 13.1%
Gross profit growth (1Y) -7.1% – 11.2%
Gross profit CAGR (3Y) -7.7% – 6.6%
Operating income growth (1Y) -136.3% 68.3% 46.6%
Operating income CAGR (3Y) 4.2% 29.2% 13.5%
Net income growth (1Y) -112.0% 277.7% 58.1%
Net income CAGR (3Y) -31.6% 40.2% 10.7%
EPS growth (1Y) -109.6% 52.7% 52.8%
EPS CAGR (3Y) -31.5% 4.8% 12.0%
Operating cash flow growth (1Y) 97.4% 1.0% 4.7%
Operating cash flow CAGR (3Y) 0.6% 8.5% 10.7%
Free cash flow growth (1Y) 243.5% 1.0% 6.8%
Free cash flow CAGR (3Y) -5.0% 8.5% 11.3%

Profitability

14 metrics
MetricBAXUEECMCK
Gross margin 30.1% – 3.6%
EBITDA margin 6.3% – 1.8%
Operating margin -1.9% – 1.6%
Pretax margin -1.6% – 1.6%
Net margin -6.2% – 1.1%
FCF margin 10.0% – 1.6%
Operating cash flow margin 14.3% – 1.7%
Return on equity -11.4% – –
Return on assets -3.7% -407.2% 6.2%
Return on invested capital -1.4% – 107.9%
Return on capital employed -1.4% – 43.4%
Asset turnover 0.6x – 4.8x
Cash conversion (OCF / net income) -2.3x -0.2x 1.3x
Stock comp / revenue 0.9% – –

Financial Health

11 metrics
MetricBAXUEECMCK
Debt / assets 44.3% 737.4% 11.0%
Debt / equity 1.3x -0.4x -2.3x
Net debt / EBITDA 9.0x -1.9x 0.6x
Debt / FCF 7.4x -1.9x 1.5x
Liabilities / assets 66.5% 1,892% 104.8%
Equity / assets 33.5% -1,792% -4.8%
Interest coverage – -8.2x 23.6x
Current ratio 1.8x 0.0x 0.9x
Quick ratio 1.0x 0.0x 0.5x
Cash ratio 0.5x 0.0x 0.1x
Altman Z-score 2.33 – 5.90

Shareholder Returns

7 metrics
MetricBAXUEECMCK
Dividend yield 0.2% – 0.3%
Net buyback yield -0.2% – 5.8%
Shareholder yield 0.0% – 6.1%
Payout ratio (earnings) -14.1% – 7.4%
Payout ratio (FCF) 8.8% – 6.1%
Dividend growth (1Y) -75.0% – 11.3%
Dividend CAGR (3Y) -44.1% – 10.0%

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.

ConsensusBAXUEECMCK
Forward P/E 11.9xFY2026 – 20.8xFY2026
EPS, next fiscal year $1.98FY2026 – $47.15FY2026
EPS growth, next FY -10.4%FY2026 – +20.6%FY2026
EPS growth, the year after -3.5% – +11.0%
Revenue, next fiscal year $11.05BFY2026 – $444.47BFY2026
Revenue growth, next FY -1.7%FY2026 – +10.2%FY2026
Revenue growth, the year after +11.7% – +1.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBAXUEECMCK
Held by institutions 100.0% – 89.1%
Institutions holding 691 – 2,011
Change in shares held, QoQ +5.2% – -0.7%
Institutions buying 359 – 883
Institutions selling 193 – 791
Buyers to sellers 1.86 – 1.12

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.

BAXUEECMCK
BAX 1.00 0.01 0.18
UEEC 0.01 1.00 0.06
MCK 0.18 0.06 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BAX, UEEC and MCK?

Mckesson (MCK) is the largest by market capitalisation: Baxter International (BAX) $11.81B, United Health Products (UEEC) $7.53M, Mckesson (MCK) $118.07B.

Which company is growing faster?

Mckesson (MCK) grew revenue fastest over the trailing twelve months: Baxter International (BAX) +5.3%, Mckesson (MCK) +8.8%.

Which company is more profitable?

Mckesson (MCK) has the highest net margin (Baxter International (BAX) -6.2%, Mckesson (MCK) 1.1%). On return on invested capital, Mckesson (MCK) leads (Baxter International (BAX) -1.4%, Mckesson (MCK) 107.9%).

Which stock has performed better?

Over the past year Mckesson (MCK) returned the most: Baxter International (BAX) +4.8%, United Health Products (UEEC) -42.9%, Mckesson (MCK) +21.5%. Over five years, Mckesson (MCK) compounded fastest (Baxter International (BAX) -21.5%/yr, United Health Products (UEEC) -46.6%/yr, Mckesson (MCK) +36.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Baxter International (BAX) has the highest dividend yield: Baxter International (BAX) 0.01%, United Health Products (UEEC) 0.00%, Mckesson (MCK) 0.00%. United Health Products (UEEC) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Mckesson (MCK) has been the steadiest (Baxter International (BAX) 45.1%, United Health Products (UEEC) 192.9%, Mckesson (MCK) 30.8%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Mckesson (MCK) leads on 8. 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.