BAX vs WST vs RMTI Stock Comparison

Baxter International, West Pharmaceutical Services and Rockwell Medical Prices as of Oct 28, 2026 Peers: Industry group
BAX Baxter International Inc
$25.49 +8.5% 1M +11.5% 1Y
Market cap
$13.18B
P/E
–
Revenue (TTM)
$5.55B
Div. yield
0.16%
Medical Supplies Healthcare
1 win
RMTI Rockwell Medical, Inc.
$7.31 -15.3% 1M +552.7% 1Y
Market cap
$29.04M
P/E
–
Revenue (TTM)
$69.39M
Div. yield
–
Medical Supplies Healthcare
2 wins

Head to Head

11 decided of 12

West Pharmaceutical Services leads on 8 of the 12 questions below (West Pharmaceutical Services 8, Rockwell Medical 2, Baxter International 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBAXWSTRMTILeader
Larger companyMarket capitalisation $13.18B $28.46B $29.04M WST
Cheaper on earningsLower P/E, profitable companies only -12.4x 50.7x -5.7x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.9x 42.3x — BAX
Faster revenue growthRevenue growth, trailing twelve months -49.1% +12.4% -21.1% WST
More profitableNet margin, trailing twelve months -19.2% 17.0% -7.3% WST
Better return on capitalReturn on invested capital 3.4% 16.9% — WST
Less leveragedLower net debt / EBITDA 4.8x -0.3x 7.8x WST
Higher dividend yieldTrailing dividend yield 0.16% 0.22% — WST
Better 1-year returnPrice return, last 12 months +11.5% +42.6% +552.7% RMTI
Better 5-year returnAnnualised price return, 5 years -20.3%/yr -1.2%/yr +4.2%/yr RMTI
Less volatileAnnualised volatility, 1 year 44.4% 31.2% 401.8% WST
Higher overall scoreMean of the five percentile scores vs peers 45/100 67/100 57/100 WST

Percentile Scorecard

BAXWSTRMTI

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

AxisBAXWSTRMTI
Valuation 83 #39 of 227 48 #118 of 227 90 #24 of 227
Growth 21 #174 of 219 39 #134 of 219 26 #162 of 219
Profitability 73 #56 of 205 92 #18 of 205 57 #89 of 205
Financial Health 19 #192 of 237 78 #52 of 237 55 #108 of 237
Shareholder Returns 29 #96 of 135 78 #30 of 135 –
Overall 45 67 57
  • BAX ranked among 247 companies in Medical Devices and Diagnostics
  • WST ranked among 247 companies in Medical Devices and Diagnostics
  • RMTI 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

PeriodBAXWSTRMTISPY
1 month +8.5%+7.6%-15.3% +0.9%
3 months +2.9%+19.8%+6.3% +5.9%
6 months +50.8%+36.9%+712.2% +8.5%
Year to date +33.4%+46.9%+780.7% +13.3%
1 year +11.5%+42.6%+552.7% +12.4%
3 years -20.7%+26.0%+337.7% +88.1%
3 years, per year -7.5%+8.0%+63.6% +23.5%
5 years -67.7%-6.0%+23.1% +68.2%
5 years, per year -20.3%-1.2%+4.2% +11.0%
10 years -46.0%+451.6%-88.3% +263.4%
10 years, per year -6.0%+18.6%-19.3% +13.8%

Risk

MeasureBAXWSTRMTISPY
Volatility, 1Y 44.4%31.2%401.8% 12.7%
Downside volatility, 1Y 48.2%30.9%353.0% 12.7%
Beta vs S&P 500, 1Y 1.160.621.66 1.00
Return / volatility, 1Y 0.261.371.38 0.98
Max drawdown, 5Y -82.3%-59.6%-91.1% -25.4%
From 52-week high -10.1%0.0%-17.4% -0.9%
52-week high $28.35$404.30$8.85 $779.14
52-week low $15.80$230.95$0.55 $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.

MultipleBAXWSTRMTI
P/E now vs peer median -12.4xmedian 28.8x 50.7xmedian 28.8x -5.7xmedian 28.8x
P/S now vs peer median 2.4xmedian 3.0x 8.6xmedian 3.0x 0.4xmedian 3.0x
EV/EBITDA now vs peer median 13.5xmedian 17.4x 32.8xmedian 17.4x -6.6xmedian 17.4x
P/FCF now vs peer median 15.7xmedian 25.7x 65.1xmedian 25.7x 19.4xmedian 25.7x
P/B now vs peer median 2.1xmedian 2.4x 9.5xmedian 2.4x 0.8xmedian 2.4x
PEG now vs peer median -0.43median 1.03 10.51median 1.03 -0.14median 1.03

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 monthsBAXWSTRMTI
Revenue $5.55B $3.33B $69.39M
Gross profit $3.78B $1.22B $12.29M
Operating income $532.00M $680.40M -$4.52M
Net income -$1.06B $564.90M -$5.08M
Free cash flow $839.00M $436.90M $1.50M
R&D $542.00M $74.40M $40.00K
EPS (diluted) $-2.05 $7.92 $-1.28
Cash & equivalents $2.15B $435.80M $10.52M
Total debt $9.46B $202.90M $9.00M
Shares (diluted) 518.00M 71.30M 3.96M
Enterprise value $5.28B $26.09B -$68.36M

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
MetricBAXWSTRMTI
P/E -12.4x 50.7x -5.7x
P/FCF 15.7x 65.1x 19.4x
P/Operating cash flow 9.8x 43.0x 10.2x
P/S 2.4x 8.6x 0.4x
P/B 2.1x 9.5x 0.8x
P/Tangible book 6.2x 9.5x 1.1x
EV/EBITDA 13.5x 32.8x -6.6x
EV/EBIT 38.5x 41.5x -2.9x
EV/Revenue 3.7x 8.5x 0.2x
EV/FCF 24.4x 64.6x 8.8x
EV/Operating cash flow 15.3x 42.6x 4.6x
PEG (3Y EPS CAGR) -0.43 10.51 -0.14

Growth

14 metrics
MetricBAXWSTRMTI
Revenue growth (1Y) -49.1% 12.4% -21.1%
Revenue CAGR (3Y) -23.5% 5.1% -2.9%
Gross profit growth (1Y) -1.8% 17.2% -20.3%
Gross profit CAGR (3Y) -5.2% 3.8% 22.1%
Operating income growth (1Y) -50.8% 17.0% -250.1%
Operating income CAGR (3Y) 29.5% 1.3% 23.4%
Net income growth (1Y) -604.0% 15.8% -142.2%
Net income CAGR (3Y) 28.0% 2.9% 24.1%
EPS growth (1Y) -580.5% 17.8% -109.9%
EPS CAGR (3Y) 28.6% 4.8% 41.1%
Operating cash flow growth (1Y) 56.3% -2.1% -18.3%
Operating cash flow CAGR (3Y) -4.8% -2.2% 34.2%
Free cash flow growth (1Y) 153.5% 27.0% -44.2%
Free cash flow CAGR (3Y) -9.5% 3.3% 30.2%

Profitability

14 metrics
MetricBAXWSTRMTI
Gross margin 68.1% 36.8% 17.7%
EBITDA margin 27.3% 25.9% -2.9%
Operating margin 9.6% 20.5% -6.5%
Pretax margin 5.1% 20.8% -7.9%
Net margin -19.2% 17.0% -7.3%
FCF margin 15.1% 13.1% 2.2%
Operating cash flow margin 24.2% 19.9% 4.1%
Return on equity -17.4% 18.4% -15.5%
Return on assets -5.4% 13.4% -9.6%
Return on invested capital 3.4% 16.9% –
Return on capital employed 3.3% 19.7% -9.9%
Asset turnover 0.3x 0.8x 1.2x
Cash conversion (OCF / net income) -1.3x 1.2x -0.6x
Stock comp / revenue 2.1% 1.0% 2.7%

Financial Health

11 metrics
MetricBAXWSTRMTI
Debt / assets 47.8% 5.0% 15.9%
Debt / equity 1.5x 0.1x 0.3x
Net debt / EBITDA 4.8x -0.3x 7.8x
Debt / FCF 11.3x 0.5x 6.0x
Liabilities / assets 68.6% 26.6% 37.9%
Equity / assets 31.4% 73.4% 62.1%
Interest coverage – 151.2x -4.0x
Current ratio 1.9x 2.8x 3.3x
Quick ratio 1.1x 1.8x 3.0x
Cash ratio 0.6x 0.7x 2.2x
Altman Z-score 2.13 19.02 -7.74

Shareholder Returns

7 metrics
MetricBAXWSTRMTI
Dividend yield 0.2% 0.2% –
Net buyback yield -0.2% 1.5% –
Shareholder yield 0.0% 1.7% –
Payout ratio (earnings) -17.3% 11.0% –
Payout ratio (FCF) 21.9% 14.3% –
Dividend growth (1Y) -60.8% 3.8% –
Dividend CAGR (3Y) -32.0% 3.8% –

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.

ConsensusBAXWSTRMTI
Forward P/E 12.9xFY2026 42.3xFY2026 –
EPS, next fiscal year $1.98FY2026 $9.56FY2026 $-0.97FY2026
EPS growth, next FY -10.4%FY2026 +31.1%FY2026 –
EPS growth, the year after -3.5% +10.6% –
Revenue, next fiscal year $11.05BFY2026 $3.24BFY2026 $77.07MFY2026
Revenue growth, next FY -1.7%FY2026 +5.6%FY2026 +11.3%FY2026
Revenue growth, the year after +11.7% +16.8% +7.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBAXWSTRMTI
Held by institutions 100.0% 99.5% 8.6%
Institutions holding 690 833 33
Change in shares held, QoQ +5.2% -0.9% -14.2%
Institutions buying 359 448 13
Institutions selling 193 261 9
Buyers to sellers 1.86 1.72 1.44

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.

BAXWSTRMTI
BAX 1.00 0.26 0.08
WST 0.26 1.00 0.03
RMTI 0.08 0.03 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BAX, WST and RMTI?

West Pharmaceutical Services (WST) is the largest by market capitalisation: Baxter International (BAX) $13.18B, West Pharmaceutical Services (WST) $28.46B, Rockwell Medical (RMTI) $29.04M.

Which company is growing faster?

West Pharmaceutical Services (WST) grew revenue fastest over the trailing twelve months: Baxter International (BAX) -49.1%, West Pharmaceutical Services (WST) +12.4%, Rockwell Medical (RMTI) -21.1%.

Which company is more profitable?

West Pharmaceutical Services (WST) has the highest net margin (Baxter International (BAX) -19.2%, West Pharmaceutical Services (WST) 17.0%, Rockwell Medical (RMTI) -7.3%). On return on invested capital, West Pharmaceutical Services (WST) leads (Baxter International (BAX) 3.4%, West Pharmaceutical Services (WST) 16.9%).

Which stock has performed better?

Over the past year Rockwell Medical (RMTI) returned the most: Baxter International (BAX) +11.5%, West Pharmaceutical Services (WST) +42.6%, Rockwell Medical (RMTI) +552.7%. Over five years, Rockwell Medical (RMTI) compounded fastest (Baxter International (BAX) -20.3%/yr, West Pharmaceutical Services (WST) -1.2%/yr, Rockwell Medical (RMTI) +4.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

West Pharmaceutical Services (WST) has the highest dividend yield: Baxter International (BAX) 0.16%, West Pharmaceutical Services (WST) 0.22%. Rockwell Medical (RMTI) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, West Pharmaceutical Services (WST) has been the steadiest (Baxter International (BAX) 44.4%, West Pharmaceutical Services (WST) 31.2%, Rockwell Medical (RMTI) 401.8%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, West Pharmaceutical Services (WST) 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.