MDLN vs ACU vs BAX Stock Comparison

Medline, Acme United and Baxter International Prices as of Oct 27, 2026 Peers: Industry group
MDLN Medline Inc.
$32.38 -6.7% 1M
Market cap
$27.84B
P/E
33.3x
Revenue (TTM)
$28.57B
Div. yield
–
Medical Supplies Healthcare
4 wins
ACU Acme United Corp
$65.77 +4.8% 1M +68.8% 1Y
Market cap
$250.17M
P/E
24.8x
Revenue (TTM)
—
Div. yield
–
Medical Supplies Healthcare
5 wins
BAX Baxter International Inc
$24.92 +6.6% 1M +7.6% 1Y
Market cap
$13.28B
P/E
–
Revenue (TTM)
$5.55B
Div. yield
0.01%
Medical Supplies Healthcare
1 win

Head to Head

10 decided of 12

Acme United leads on 5 of the 12 questions below (Acme United 5, Medline 4, Baxter International 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionMDLNACUBAXLeader
Larger companyMarket capitalisation $27.84B $250.17M $13.28B MDLN
Cheaper on earningsLower P/E, profitable companies only 33.3x 24.8x -12.5x ACU
Cheaper on forward earningsLower price / next fiscal year consensus EPS 22.5x 23.9x 12.6x BAX
Faster revenue growthRevenue growth, trailing twelve months — — -49.1% –
More profitableNet margin, trailing twelve months 2.9% — -19.2% MDLN
Better return on capitalReturn on invested capital 5.4% — 3.4% MDLN
Less leveragedLower net debt / EBITDA 3.2x — 4.8x MDLN
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.01% –
Better 1-year returnPrice return, last 12 months — +68.8% +7.6% ACU
Better 5-year returnAnnualised price return, 5 years — +12.8%/yr -20.5%/yr ACU
Less volatileAnnualised volatility, 1 year 44.6% 30.7% 44.3% ACU
Higher overall scoreMean of the five percentile scores vs peers 67/100 71/100 44/100 ACU

Percentile Scorecard

MDLNACUBAX

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

AxisMDLNACUBAX
Valuation 84 #37 of 227 88 #28 of 227 83 #40 of 227
Growth – – 19 #177 of 219
Profitability 73 #57 of 206 – 72 #58 of 206
Financial Health 41 #140 of 238 60 #97 of 238 19 #193 of 238
Shareholder Returns 71 #39 of 134 65 #48 of 134 26 #99 of 134
Overall 67 71 44
  • MDLN ranked among 247 companies in Medical Devices and Diagnostics
  • ACU ranked among 247 companies in Medical Devices and Diagnostics
  • BAX 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

PeriodMDLNACUBAXSPY
1 month -6.7%+4.8%+6.6% -0.2%
3 months -20.1%+10.5%+2.3% +3.9%
6 months -26.8%+57.9%+38.9% +8.2%
Year to date -22.9%+63.2%+30.4% +12.9%
1 year —+68.8%+7.6% +12.3%
3 years —+116.3%-22.5% +87.4%
3 years, per year —+29.4%-8.2% +23.3%
5 years —+82.7%-68.3% +67.9%
5 years, per year —+12.8%-20.5% +10.9%
10 years —+215.0%-46.8% +261.1%
10 years, per year —+12.2%-6.1% +13.7%

Risk

MeasureMDLNACUBAXSPY
Volatility, 1Y 44.6%30.7%44.3% 12.7%
Downside volatility, 1Y 48.7%24.2%48.0% 12.7%
Beta vs S&P 500, 1Y 0.610.231.16 1.00
Return / volatility, 1Y —2.240.17 0.97
Max drawdown, 5Y -36.7%-43.5%-82.3% -25.4%
From 52-week high -35.2%0.0%-12.1% -1.2%
52-week high $49.99$65.77$28.35 $779.14
52-week low $31.64$35.50$15.80 $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.

MultipleMDLNACUBAX
P/E now vs peer median 33.2xmedian 29.6x 24.8xmedian 29.6x -12.1xmedian 29.6x
P/S now vs peer median 1.5xmedian 2.9x 1.2xmedian 2.9x 2.3xmedian 2.9x
EV/EBITDA now vs peer median 17.0xmedian 17.4x —median 17.4x 13.4xmedian 17.4x
P/FCF now vs peer median 26.8xmedian 22.3x 15.8xmedian 22.3x 15.4xmedian 22.3x
P/B now vs peer median 2.2xmedian 2.3x 2.0xmedian 2.3x 2.1xmedian 2.3x
PEG now vs peer median —median 1.04 —median 1.04 -0.42median 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 monthsMDLNACUBAX
Revenue $28.57B – $5.55B
Gross profit $7.79B – $3.78B
Operating income $2.03B – $532.00M
Net income $1.03B – -$1.06B
Free cash flow $1.59B – $839.00M
R&D – – $542.00M
EPS (diluted) $0.97 – $-2.05
Cash & equivalents $2.33B $7.94M $2.15B
Total debt $12.58B – $9.46B
Shares (diluted) 861.00M 4.14M 518.00M
Enterprise value $20.78B $250.17M $5.41B

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
MetricMDLNACUBAX
P/E 33.2x 24.8x -12.1x
P/FCF 26.8x 15.8x 15.4x
P/Operating cash flow 21.2x – 9.6x
P/S 1.5x 1.2x 2.3x
P/B 2.2x 2.0x 2.1x
P/Tangible book 7.7x 2.7x 6.0x
EV/EBITDA 17.0x – 13.4x
EV/EBIT 25.8x – 38.0x
EV/Revenue 1.8x – 3.6x
EV/FCF 33.0x – 24.1x
EV/Operating cash flow 26.2x – 15.0x
PEG (3Y EPS CAGR) – – -0.42

Growth

14 metrics
MetricMDLNACUBAX
Revenue growth (1Y) – – -49.1%
Revenue CAGR (3Y) – – -23.5%
Gross profit growth (1Y) – – -1.8%
Gross profit CAGR (3Y) – – -5.2%
Operating income growth (1Y) – – -50.8%
Operating income CAGR (3Y) – – 29.5%
Net income growth (1Y) – – -604.0%
Net income CAGR (3Y) – – 28.0%
EPS growth (1Y) – – -580.5%
EPS CAGR (3Y) – – 28.6%
Operating cash flow growth (1Y) – – 56.3%
Operating cash flow CAGR (3Y) – – -4.8%
Free cash flow growth (1Y) – – 153.5%
Free cash flow CAGR (3Y) – – -9.5%

Profitability

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

Financial Health

11 metrics
MetricMDLNACUBAX
Debt / assets 32.0% – 47.8%
Debt / equity 0.7x – 1.5x
Net debt / EBITDA 3.2x – 4.8x
Debt / FCF 7.9x – 11.3x
Liabilities / assets 51.5% 39.9% 68.6%
Equity / assets 48.5% 60.1% 31.4%
Interest coverage – – –
Current ratio 4.3x 3.9x 1.9x
Quick ratio 2.3x – 1.1x
Cash ratio 1.0x – 0.6x
Altman Z-score 2.44 – 2.12

Shareholder Returns

7 metrics
MetricMDLNACUBAX
Dividend yield – 1.0% 0.2%
Net buyback yield 0.0% – -0.2%
Shareholder yield 0.0% 1.0% 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.

ConsensusMDLNACUBAX
Forward P/E 22.5xFY2026 23.9xFY2026 12.6xFY2026
EPS, next fiscal year $1.44FY2026 $2.75FY2026 $1.98FY2026
EPS growth, next FY +0.7%FY2026 +10.4%FY2026 -10.4%FY2026
EPS growth, the year after +13.9% +4.0% -3.5%
Revenue, next fiscal year $32.52BFY2026 $217.65MFY2026 $11.05BFY2026
Revenue growth, next FY +14.4%FY2026 +10.7%FY2026 -1.7%FY2026
Revenue growth, the year after +8.0% +0.7% +11.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersMDLNACUBAX
Held by institutions 85.5% 73.5% 100.0%
Institutions holding 407 84 690
Change in shares held, QoQ +17.9% +1.3% +5.2%
Institutions buying 322 47 359
Institutions selling 68 21 193
Buyers to sellers 4.74 2.24 1.86

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.

MDLNACUBAX
MDLN 1.00 0.25 0.30
ACU 0.25 1.00 0.18
BAX 0.30 0.18 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, MDLN, ACU and BAX?

Medline (MDLN) is the largest by market capitalisation: Medline (MDLN) $27.84B, Acme United (ACU) $250.17M, Baxter International (BAX) $13.28B.

Which stock is cheaper, MDLN, ACU and BAX?

Acme United (ACU) trades on the lowest price-to-earnings ratio (Medline (MDLN) 33.3x, Acme United (ACU) 24.8x, Baxter International (BAX) -12.5x). On next year's consensus earnings, Baxter International (BAX) is cheapest (Medline (MDLN) 22.5x, Acme United (ACU) 23.9x, Baxter International (BAX) 12.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is more profitable?

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

Which stock has performed better?

Over the past year Acme United (ACU) returned the most: Acme United (ACU) +68.8%, Baxter International (BAX) +7.6%. Over five years, Acme United (ACU) compounded fastest (Acme United (ACU) +12.8%/yr, Baxter International (BAX) -20.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Medline (MDLN) 0.00%, Acme United (ACU) 0.00%, Baxter International (BAX) 0.01%. Medline (MDLN) and Acme United (ACU) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Acme United (ACU) has been the steadiest (Medline (MDLN) 44.6%, Acme United (ACU) 30.7%, Baxter International (BAX) 44.3%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Acme United (ACU) 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.