Baxter International (BAX) Capital Expenditures (2009 - 2026)
Baxter International (BAX) reported Capital Expenditures of $116 million for Q2 2026, down 17.1% from $140 million a year earlier and down 15.3% from the prior quarter.
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Analysis
Baxter International (BAX) Capital Expenditures (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Baxter International's Capital Expenditures came in at $504 million, down 4.5% year-over-year; for FY2025, it came in at $513 million, up 15.0% from FY2024.
- Capital Expenditures has increased for three consecutive years, though with a five-year compound annual growth rate of -6.3% (FY2020 to FY2025).
- By year, Capital Expenditures came in at $446 million in FY2024 (+3.2%), $432 million in FY2023 (+14.6%), $377 million in FY2022 (-45.4%) and $691 million in FY2021 (-2.5%).
- Five-year quarterly Capital Expenditures spans a low of -$61 million in Q4 2022 and a high of $183 million in Q4 2021.
- Year over year, Capital Expenditures gained in five of the last seven quarters, with growth averaging 19.8%.
- The high point for year-over-year Capital Expenditures in five years was Q2 2025 (growth of 100.0%); the low point was Q3 2023 (a decline of 92.5%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $137 million (Q1 2026), $140 million (Q4 2025) and $111 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 249.71 Bn | 228.86 Bn | 4.88 Bn | 450.00 Mn |
| 2 | Abbott Laboratories | 171.00 Bn | 142.08 Bn | 7.27 Bn | 497.00 Mn |
| 3 | Danaher | 155.79 Bn | 139.61 Bn | 3.61 Bn | 269.00 Mn |
| 4 | Intuitive Surgical | 143.91 Bn | 123.46 Bn | 1.96 Bn | 112.60 Mn |
| 5 | Medtronic | 110.42 Bn | 76.29 Bn | 6.34 Bn | 503.00 Mn |
| 6 | Stryker | 105.71 Bn | 91.82 Bn | 4.50 Bn | 202.00 Mn |
| 7 | Boston Scientific | 63.26 Bn | 58.27 Bn | 3.85 Bn | 195.00 Mn |
| 8 | Edwards Lifesciences | 49.80 Bn | 33.91 Bn | 1.35 Bn | 66.90 Mn |
| 9 | Becton Dickinson | 48.78 Bn | 45.93 Bn | 2.32 Bn | 143.00 Mn |
| 10 | Baxter International | 12.41 Bn | 4.52 Bn | 1.03 Bn | 116.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 116.00 Mn |
| Mar 31, 2026 | 137.00 Mn |
| Dec 31, 2025 | 140.00 Mn |
| Sep 30, 2025 | 111.00 Mn |
| Jun 30, 2025 | 140.00 Mn |
| Mar 31, 2025 | 122.00 Mn |
| Dec 31, 2024 | 132.00 Mn |
| Sep 30, 2024 | 134.00 Mn |
| Jun 30, 2024 | 70.00 Mn |
| Mar 31, 2024 | 110.00 Mn |
| Dec 31, 2023 | 92.00 Mn |
| Sep 30, 2023 | 12.00 Mn |
| Jun 30, 2023 | 163.00 Mn |
| Mar 31, 2023 | 165.00 Mn |
| Dec 31, 2022 | -61.00 Mn |
| Sep 30, 2022 | 161.00 Mn |
| Jun 30, 2022 | 137.00 Mn |
| Mar 31, 2022 | 140.00 Mn |
| Dec 31, 2021 | 183.00 Mn |
| Sep 30, 2021 | 179.00 Mn |
API Access
Baxter International Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=BAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "BAX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=BAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();