RMTI vs MDLN vs BAX Stock Comparison

Rockwell Medical, Medline and Baxter International Prices as of Oct 28, 2026 Peers: Industry group
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
3 wins
MDLN Medline Inc.
$32.37 -7.7% 1M
Market cap
$42.56B
P/E
33.1x
Revenue (TTM)
$28.57B
Div. yield
–
Medical Supplies Healthcare
5 wins
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
2 wins

Head to Head

10 decided of 12

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

QuestionRMTIMDLNBAXLeader
Larger companyMarket capitalisation $29.04M $42.56B $13.18B MDLN
Cheaper on earningsLower P/E, profitable companies only -5.7x 33.1x -12.4x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 22.5x 12.9x BAX
Faster revenue growthRevenue growth, trailing twelve months -21.1% — -49.1% RMTI
More profitableNet margin, trailing twelve months -7.3% 2.9% -19.2% MDLN
Better return on capitalReturn on invested capital — 5.4% 3.4% MDLN
Less leveragedLower net debt / EBITDA 7.8x 3.2x 4.8x MDLN
Higher dividend yieldTrailing dividend yield — — 0.16% –
Better 1-year returnPrice return, last 12 months +552.7% — +11.5% RMTI
Better 5-year returnAnnualised price return, 5 years +4.2%/yr — -20.3%/yr RMTI
Less volatileAnnualised volatility, 1 year 401.8% 44.5% 44.4% BAX
Higher overall scoreMean of the five percentile scores vs peers 57/100 68/100 45/100 MDLN

Percentile Scorecard

RMTIMDLNBAX

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

AxisRMTIMDLNBAX
Valuation 90 #24 of 227 85 #35 of 227 83 #39 of 227
Growth 26 #162 of 219 – 21 #174 of 219
Profitability 57 #89 of 205 74 #55 of 205 73 #56 of 205
Financial Health 55 #108 of 237 42 #137 of 237 19 #192 of 237
Shareholder Returns – 71 #40 of 135 29 #96 of 135
Overall 57 68 45
  • RMTI ranked among 247 companies in Medical Devices and Diagnostics
  • MDLN 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

PeriodRMTIMDLNBAXSPY
1 month -15.3%-7.7%+8.5% +0.9%
3 months +6.3%-19.3%+2.9% +5.9%
6 months +712.2%-25.4%+50.8% +8.5%
Year to date +780.7%-22.9%+33.4% +13.3%
1 year +552.7%—+11.5% +12.4%
3 years +337.7%—-20.7% +88.1%
3 years, per year +63.6%—-7.5% +23.5%
5 years +23.1%—-67.7% +68.2%
5 years, per year +4.2%—-20.3% +11.0%
10 years -88.3%—-46.0% +263.4%
10 years, per year -19.3%—-6.0% +13.8%

Risk

MeasureRMTIMDLNBAXSPY
Volatility, 1Y 401.8%44.5%44.4% 12.7%
Downside volatility, 1Y 353.0%48.5%48.2% 12.7%
Beta vs S&P 500, 1Y 1.660.611.16 1.00
Return / volatility, 1Y 1.38—0.26 0.98
Max drawdown, 5Y -91.1%-36.7%-82.3% -25.4%
From 52-week high -17.4%-35.2%-10.1% -0.9%
52-week high $8.85$49.99$28.35 $779.14
52-week low $0.55$31.64$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.

MultipleRMTIMDLNBAX
P/E now vs peer median -5.7xmedian 28.8x 33.1xmedian 28.8x -12.4xmedian 28.8x
P/S now vs peer median 0.4xmedian 3.0x 1.5xmedian 3.0x 2.4xmedian 3.0x
EV/EBITDA now vs peer median -6.6xmedian 17.4x 17.0xmedian 17.4x 13.5xmedian 17.4x
P/FCF now vs peer median 19.4xmedian 25.7x 26.7xmedian 25.7x 15.7xmedian 25.7x
P/B now vs peer median 0.8xmedian 2.4x 2.2xmedian 2.4x 2.1xmedian 2.4x
PEG now vs peer median -0.14median 1.03 —median 1.03 -0.43median 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 monthsRMTIMDLNBAX
Revenue $69.39M $28.57B $5.55B
Gross profit $12.29M $7.79B $3.78B
Operating income -$4.52M $2.03B $532.00M
Net income -$5.08M $1.03B -$1.06B
Free cash flow $1.50M $1.59B $839.00M
R&D $40.00K – $542.00M
EPS (diluted) $-1.28 $0.97 $-2.05
Cash & equivalents $10.52M $2.33B $2.15B
Total debt $9.00M $12.58B $9.46B
Shares (diluted) 3.96M 861.00M 518.00M
Enterprise value -$68.36M $43.01B $5.28B

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
MetricRMTIMDLNBAX
P/E -5.7x 33.1x -12.4x
P/FCF 19.4x 26.7x 15.7x
P/Operating cash flow 10.2x 21.2x 9.8x
P/S 0.4x 1.5x 2.4x
P/B 0.8x 2.2x 2.1x
P/Tangible book 1.1x 7.7x 6.2x
EV/EBITDA -6.6x 17.0x 13.5x
EV/EBIT -2.9x 25.8x 38.5x
EV/Revenue 0.2x 1.8x 3.7x
EV/FCF 8.8x 33.0x 24.4x
EV/Operating cash flow 4.6x 26.2x 15.3x
PEG (3Y EPS CAGR) -0.14 – -0.43

Growth

14 metrics
MetricRMTIMDLNBAX
Revenue growth (1Y) -21.1% – -49.1%
Revenue CAGR (3Y) -2.9% – -23.5%
Gross profit growth (1Y) -20.3% – -1.8%
Gross profit CAGR (3Y) 22.1% – -5.2%
Operating income growth (1Y) -250.1% – -50.8%
Operating income CAGR (3Y) 23.4% – 29.5%
Net income growth (1Y) -142.2% – -604.0%
Net income CAGR (3Y) 24.1% – 28.0%
EPS growth (1Y) -109.9% – -580.5%
EPS CAGR (3Y) 41.1% – 28.6%
Operating cash flow growth (1Y) -18.3% – 56.3%
Operating cash flow CAGR (3Y) 34.2% – -4.8%
Free cash flow growth (1Y) -44.2% – 153.5%
Free cash flow CAGR (3Y) 30.2% – -9.5%

Profitability

14 metrics
MetricRMTIMDLNBAX
Gross margin 17.7% 27.3% 68.1%
EBITDA margin -2.9% 10.8% 27.3%
Operating margin -6.5% 7.1% 9.6%
Pretax margin -7.9% 4.3% 5.1%
Net margin -7.3% 2.9% -19.2%
FCF margin 2.2% 5.6% 15.1%
Operating cash flow margin 4.1% 7.0% 24.2%
Return on equity -15.5% 5.4% -17.4%
Return on assets -9.6% 2.6% -5.4%
Return on invested capital – 5.4% 3.4%
Return on capital employed -9.9% 5.6% 3.3%
Asset turnover 1.2x 0.7x 0.3x
Cash conversion (OCF / net income) -0.6x 2.0x -1.3x
Stock comp / revenue 2.7% 0.3% 2.1%

Financial Health

11 metrics
MetricRMTIMDLNBAX
Debt / assets 15.9% 32.0% 47.8%
Debt / equity 0.3x 0.7x 1.5x
Net debt / EBITDA 7.8x 3.2x 4.8x
Debt / FCF 6.0x 7.9x 11.3x
Liabilities / assets 37.9% 51.5% 68.6%
Equity / assets 62.1% 48.5% 31.4%
Interest coverage -4.0x – –
Current ratio 3.3x 4.3x 1.9x
Quick ratio 3.0x 2.3x 1.1x
Cash ratio 2.2x 1.0x 0.6x
Altman Z-score -7.74 2.44 2.13

Shareholder Returns

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

ConsensusRMTIMDLNBAX
Forward P/E – 22.5xFY2026 12.9xFY2026
EPS, next fiscal year $-0.97FY2026 $1.44FY2026 $1.98FY2026
EPS growth, next FY – +0.7%FY2026 -10.4%FY2026
EPS growth, the year after – +13.9% -3.5%
Revenue, next fiscal year $77.07MFY2026 $32.52BFY2026 $11.05BFY2026
Revenue growth, next FY +11.3%FY2026 +14.4%FY2026 -1.7%FY2026
Revenue growth, the year after +7.5% +8.0% +11.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersRMTIMDLNBAX
Held by institutions 8.6% 85.5% 100.0%
Institutions holding 33 407 690
Change in shares held, QoQ -14.2% +17.9% +5.2%
Institutions buying 13 322 359
Institutions selling 9 68 193
Buyers to sellers 1.44 4.74 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.

RMTIMDLNBAX
RMTI 1.00 0.13 0.08
MDLN 0.13 1.00 0.30
BAX 0.08 0.30 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, RMTI, MDLN and BAX?

Medline (MDLN) is the largest by market capitalisation: Rockwell Medical (RMTI) $29.04M, Medline (MDLN) $42.56B, Baxter International (BAX) $13.18B.

Which company is growing faster?

Rockwell Medical (RMTI) grew revenue fastest over the trailing twelve months: Rockwell Medical (RMTI) -21.1%, Baxter International (BAX) -49.1%.

Which company is more profitable?

Medline (MDLN) has the highest net margin (Rockwell Medical (RMTI) -7.3%, 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 Rockwell Medical (RMTI) returned the most: Rockwell Medical (RMTI) +552.7%, Baxter International (BAX) +11.5%. Over five years, Rockwell Medical (RMTI) compounded fastest (Rockwell Medical (RMTI) +4.2%/yr, Baxter International (BAX) -20.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Baxter International (BAX) 0.16%. Rockwell Medical (RMTI) and Medline (MDLN) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Baxter International (BAX) has been the steadiest (Rockwell Medical (RMTI) 401.8%, Medline (MDLN) 44.5%, Baxter International (BAX) 44.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, RMTI, MDLN 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, 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.