Baxter International (BAX) Change in Inventory (2009 - 2026)
Baxter International (BAX) posted quarterly Change in Inventory of -$59.0 million for Q2 2026, down 137.58% year-over-year from $157.0 million in Q2 2025, and down 162.11% quarter-over-quarter from $95.0 million in Q1 2026.
Baxter International (BAX) Change in Inventory (2009 - 2026) Analysis & Trends
Baxter International (BAX) has reported Change in Inventory for 18 consecutive years, with -$59.0 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Change in Inventory fell 137.58% year-over-year to -$59.0 million; the TTM figure through Jun 2026 stood at -$124.0 million (down 140.26% YoY), while the FY2025 annual figure was $119.0 million, down 40.8% from the prior year.
- Change in Inventory declined to -$59.0 million in Q2 2026 per BAX's latest filing, from $95.0 million in the prior quarter.
- Across five years, Change in Inventory topped out at $191.0 million in Q2 2022 and bottomed at -$241.0 million in Q4 2025.
- Historically, Change in Inventory has averaged $37.9 million across 5 years, with a median of $63.5 million in 2023.
- Annual changes were most pronounced in 2022 — Change in Inventory soared 1916.67% — and 2025, when it sank 1247.62%.
- Baxter International's Change in Inventory stood at -$207.0 million in 2022, then surged by 103.86% to $8.0 million in 2023, then jumped by 162.5% to $21.0 million in 2024, then tumbled by 1247.62% to -$241.0 million in 2025, then jumped by 75.52% to -$59.0 million in 2026.
- Business Quant data shows BAX's Change in Inventory at -$59.0 million in Q2 2026, $95.0 million in Q1 2026, and -$241.0 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 134.13 Bn | 128.91 Bn | 1.96 Bn | 248.00 Mn |
| 2 | Becton Dickinson | 52.76 Bn | 51.90 Bn | 2.32 Bn | - |
| 3 | Alcon | 35.81 Bn | 34.46 Bn | 1.68 Bn | - |
| 4 | Resmed | 33.72 Bn | 32.25 Bn | 861.22 Mn | 33.87 Mn |
| 5 | Medline | 29.38 Bn | 26.70 Bn | 2.22 Bn | 74.00 Mn |
| 6 | West Pharmaceutical Services | 25.00 Bn | 24.57 Bn | 329.20 Mn | - |
| 7 | Solventum | 15.46 Bn | 15.06 Bn | 1.29 Bn | -50.00 Mn |
| 8 | Cooper Companies | 14.88 Bn | 14.74 Bn | 735.40 Mn | - |
| 9 | Baxter International | 13.58 Bn | 11.43 Bn | 1.03 Bn | -59.00 Mn |
| 10 | Align Technology | 11.61 Bn | 10.51 Bn | 757.43 Mn | 3.26 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -59.00 Mn |
| Jun 30, 2026 | -59.00 Mn |
| Mar 31, 2026 | 95.00 Mn |
| Mar 31, 2026 | 95.00 Mn |
| Dec 31, 2025 | -241.00 Mn |
| Dec 31, 2025 | -241.00 Mn |
| Sep 30, 2025 | 81.00 Mn |
| Sep 30, 2025 | 81.00 Mn |
| Jun 30, 2025 | 157.00 Mn |
| Jun 30, 2025 | 157.00 Mn |
| Mar 31, 2025 | 122.00 Mn |
| Mar 31, 2025 | 122.00 Mn |
| Dec 31, 2024 | 21.00 Mn |
| Dec 31, 2024 | 21.00 Mn |
| Sep 30, 2024 | 8.00 Mn |
| Sep 30, 2024 | 8.00 Mn |
| Jun 30, 2024 | 27.00 Mn |
| Jun 30, 2024 | 27.00 Mn |
| Mar 31, 2024 | 145.00 Mn |
| Mar 31, 2024 | 145.00 Mn |