Baxter International (BAX) Capital Expenditures (2009 - 2026)
Baxter International (BAX) reported Capital Expenditures of $110 million for Q3 2026, down 0.9% from $111 million a year earlier and down 5.2% from the prior quarter.
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Analysis
Baxter International (BAX) Capital Expenditures (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Baxter International's Capital Expenditures came in at $503 million, down 0.4% 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%).
- The Q3 2026 figure ranks as the lowest quarterly Capital Expenditures since Q2 2024.
- Year over year, Capital Expenditures gained in five of the last eight quarters, with growth averaging 17.2%.
- 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 Q3 2026 came in at $116 million (Q2 2026), $137 million (Q1 2026) and $140 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn | 437.00 Mn |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn | 513.00 Mn |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn | 255.00 Mn |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn | 113.10 Mn |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn | 503.00 Mn |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn | 237.00 Mn |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn | 180.00 Mn |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn | 63.60 Mn |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn | 141.00 Mn |
| 10 | Baxter International | 13.66 Bn | 5.52 Bn | 994.00 Mn | 110.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 110.00 Mn |
| 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 |
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();