MDLN vs BAX vs RMTI Stock Comparison

Medline, Baxter International and Rockwell Medical Prices as of Nov 3, 2026 Peers: Industry group
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MDLN Medline Inc.
$34.09 -4.3% 1M
Market cap
$34.69B
P/E
41.4x
Revenue (TTM)
$28.57B
Div. yield
–
Medical Supplies Healthcare
5 wins
BAX Baxter International Inc
$25.49 +8.5% 1M +40.0% 1Y
Market cap
$13.67B
P/E
–
Revenue (TTM)
$11.61B
Div. yield
0.01%
Medical Supplies Healthcare
3 wins
RMTI Rockwell Medical, Inc.
$8.09 -5.4% 1M +649.1% 1Y
Market cap
$31.63M
P/E
–
Revenue (TTM)
$69.39M
Div. yield
–
Medical Supplies Healthcare
2 wins

Head to Head

10 decided of 12

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

QuestionMDLNBAXRMTILeader
Larger companyMarket capitalisation $34.69B $13.67B $31.63M MDLN
Cheaper on earningsLower P/E, profitable companies only 41.4x -18.9x -6.2x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.7x 12.9x — BAX
Faster revenue growthRevenue growth, trailing twelve months — +5.3% -21.1% BAX
More profitableNet margin, trailing twelve months 2.9% -6.2% -7.3% MDLN
Better return on capitalReturn on invested capital 5.4% -1.4% — MDLN
Less leveragedLower net debt / EBITDA 3.2x 9.0x 7.8x MDLN
Higher dividend yieldTrailing dividend yield 0.00% 0.01% 0.00% –
Better 1-year returnPrice return, last 12 months — +40.0% +649.1% RMTI
Better 5-year returnAnnualised price return, 5 years — -20.1%/yr +6.0%/yr RMTI
Less volatileAnnualised volatility, 1 year 44.4% 42.7% 402.1% BAX
Higher overall scoreMean of the five percentile scores vs peers 67/100 43/100 57/100 MDLN

Percentile Scorecard

MDLNBAXRMTI

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

AxisMDLNBAXRMTI
Valuation 81 #45 of 229 86 #34 of 229 89 #26 of 229
Growth – 14 #191 of 221 26 #164 of 221
Profitability 72 #59 of 209 65 #73 of 209 56 #93 of 209
Financial Health 42 #139 of 240 18 #197 of 240 56 #107 of 240
Shareholder Returns 73 #40 of 147 34 #97 of 147 –
Overall 67 43 57
  • MDLN ranked among 248 companies in Medical Devices and Diagnostics
  • BAX ranked among 248 companies in Medical Devices and Diagnostics
  • RMTI 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

PeriodMDLNBAXRMTISPY
1 month -4.3%+8.5%-5.4% -2.0%
3 months -18.9%-10.1%+6.9% -2.2%
6 months -24.8%+52.2%+840.7% +4.2%
Year to date -18.8%+33.4%+874.7% +10.6%
1 year —+40.0%+649.1% +10.4%
3 years —-24.9%+290.8% +73.6%
3 years, per year —-9.1%+57.6% +20.2%
5 years —-67.4%+33.7% +61.6%
5 years, per year —-20.1%+6.0% +10.1%
10 years —-45.6%-86.6% +261.3%
10 years, per year —-5.9%-18.2% +13.7%

Risk

MeasureMDLNBAXRMTISPY
Volatility, 1Y 44.4%42.7%402.1% 12.8%
Downside volatility, 1Y 48.3%44.1%354.5% 12.8%
Beta vs S&P 500, 1Y 0.571.081.71 1.00
Return / volatility, 1Y —0.941.61 0.81
Max drawdown, 5Y -36.7%-82.3%-91.1% -25.4%
From 52-week high -31.8%-10.1%-8.6% -3.2%
52-week high $49.99$28.35$8.85 $779.14
52-week low $31.64$15.80$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.

MultipleMDLNBAXRMTI
P/E now vs peer median 34.9xmedian 28.1x -18.2xmedian 28.1x -6.3xmedian 28.1x
P/S now vs peer median 1.6xmedian 2.9x 1.1xmedian 2.9x 0.5xmedian 2.9x
EV/EBITDA now vs peer median 17.7xmedian 18.0x 27.0xmedian 18.0x -8.1xmedian 18.0x
P/FCF now vs peer median 28.2xmedian 24.8x 11.4xmedian 24.8x 21.4xmedian 24.8x
P/B now vs peer median 2.3xmedian 2.3x 2.0xmedian 2.3x 0.9xmedian 2.3x
PEG now vs peer median —median 0.95 0.58median 0.95 -0.15median 0.95

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 monthsMDLNBAXRMTI
Revenue $28.57B $11.61B $69.39M
Gross profit $7.79B $3.49B $12.29M
Operating income $2.03B -$221.00M -$4.52M
Net income $1.03B -$723.00M -$5.08M
Free cash flow $1.59B $1.16B $1.50M
R&D – $519.00M $40.00K
EPS (diluted) $0.97 $-1.39 $-1.28
Cash & equivalents $2.33B $1.98B $10.52M
Total debt $12.58B $8.60B $9.00M
Shares (diluted) 861.00M 520.00M 3.96M
Enterprise value $27.64B $5.55B -$65.76M

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
MetricMDLNBAXRMTI
P/E 34.9x -18.2x -6.3x
P/FCF 28.2x 11.4x 21.4x
P/Operating cash flow 22.3x 7.9x 11.3x
P/S 1.6x 1.1x 0.5x
P/B 2.3x 2.0x 0.9x
P/Tangible book 8.1x 5.1x 1.3x
EV/EBITDA 17.7x 27.0x -8.1x
EV/EBIT 27.0x -89.6x -3.6x
EV/Revenue 1.9x 1.7x 0.2x
EV/FCF 34.4x 17.1x 10.9x
EV/Operating cash flow 27.3x 11.9x 5.7x
PEG (3Y EPS CAGR) – 0.58 -0.15

Growth

14 metrics
MetricMDLNBAXRMTI
Revenue growth (1Y) – 5.3% -21.1%
Revenue CAGR (3Y) – 0.7% -2.9%
Gross profit growth (1Y) – -7.1% -20.3%
Gross profit CAGR (3Y) – -7.7% 22.1%
Operating income growth (1Y) – -136.3% -250.1%
Operating income CAGR (3Y) – 4.2% 23.4%
Net income growth (1Y) – -112.0% -142.2%
Net income CAGR (3Y) – -31.6% 24.1%
EPS growth (1Y) – -109.6% -109.9%
EPS CAGR (3Y) – -31.5% 41.1%
Operating cash flow growth (1Y) – 97.4% -18.3%
Operating cash flow CAGR (3Y) – 0.6% 34.2%
Free cash flow growth (1Y) – 243.5% -44.2%
Free cash flow CAGR (3Y) – -5.0% 30.2%

Profitability

14 metrics
MetricMDLNBAXRMTI
Gross margin 27.3% 30.1% 17.7%
EBITDA margin 10.8% 6.3% -2.9%
Operating margin 7.1% -1.9% -6.5%
Pretax margin 4.3% -1.6% -7.9%
Net margin 2.9% -6.2% -7.3%
FCF margin 5.6% 10.0% 2.2%
Operating cash flow margin 7.0% 14.3% 4.1%
Return on equity 5.4% -11.4% -15.5%
Return on assets 2.6% -3.7% -9.6%
Return on invested capital 5.4% -1.4% –
Return on capital employed 5.6% -1.4% -9.9%
Asset turnover 0.7x 0.6x 1.2x
Cash conversion (OCF / net income) 2.0x -2.3x -0.6x
Stock comp / revenue 0.3% 0.9% 2.7%

Financial Health

11 metrics
MetricMDLNBAXRMTI
Debt / assets 32.0% 44.3% 15.9%
Debt / equity 0.7x 1.3x 0.3x
Net debt / EBITDA 3.2x 9.0x 7.8x
Debt / FCF 7.9x 7.4x 6.0x
Liabilities / assets 51.5% 66.5% 37.9%
Equity / assets 48.5% 33.5% 62.1%
Interest coverage – – -4.0x
Current ratio 4.3x 1.8x 3.3x
Quick ratio 2.3x 1.0x 3.0x
Cash ratio 1.0x 0.5x 2.2x
Altman Z-score 2.50 2.38 -7.65

Shareholder Returns

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

ConsensusMDLNBAXRMTI
Forward P/E 23.7xFY2026 12.9xFY2026 –
EPS, next fiscal year $1.44FY2026 $1.98FY2026 $-0.97FY2026
EPS growth, next FY +0.7%FY2026 -10.4%FY2026 –
EPS growth, the year after +13.9% -3.5% –
Revenue, next fiscal year $32.52BFY2026 $11.05BFY2026 $77.07MFY2026
Revenue growth, next FY +14.4%FY2026 -1.7%FY2026 +11.3%FY2026
Revenue growth, the year after +8.0% +11.7% +7.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersMDLNBAXRMTI
Held by institutions 57.1% 100.0% 8.6%
Institutions holding 409 692 33
Change in shares held, QoQ +17.9% +5.2% -14.2%
Institutions buying 322 359 13
Institutions selling 69 194 9
Buyers to sellers 4.67 1.85 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.

MDLNBAXRMTI
MDLN 1.00 0.31 0.13
BAX 0.31 1.00 0.08
RMTI 0.13 0.08 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, MDLN, BAX and RMTI?

Medline (MDLN) is the largest by market capitalisation: Medline (MDLN) $34.69B, Baxter International (BAX) $13.67B, Rockwell Medical (RMTI) $31.63M.

Which company is growing faster?

Baxter International (BAX) grew revenue fastest over the trailing twelve months: Baxter International (BAX) +5.3%, Rockwell Medical (RMTI) -21.1%.

Which company is more profitable?

Medline (MDLN) has the highest net margin (Medline (MDLN) 2.9%, Baxter International (BAX) -6.2%, Rockwell Medical (RMTI) -7.3%). On return on invested capital, Medline (MDLN) leads (Medline (MDLN) 5.4%, Baxter International (BAX) -1.4%).

Which stock has performed better?

Over the past year Rockwell Medical (RMTI) returned the most: Baxter International (BAX) +40.0%, Rockwell Medical (RMTI) +649.1%. Over five years, Rockwell Medical (RMTI) compounded fastest (Baxter International (BAX) -20.1%/yr, Rockwell Medical (RMTI) +6.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

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

Which stock is riskier?

By one-year price volatility, Baxter International (BAX) has been the steadiest (Medline (MDLN) 44.4%, Baxter International (BAX) 42.7%, Rockwell Medical (RMTI) 402.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, MDLN, BAX 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, 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.