Baxter International (BAX) EBITDA (2009 - 2026)

Baxter International (BAX) reported EBITDA of $66.0 million for Q1 2026, down 65.98% year-over-year from $194.0 million in Q1 2025, and up 300.0% quarter-over-quarter from -$33.0 million in Q3 2025.

Baxter International (BAX) EBITDA (2009 - 2026) Analysis & Trends

Baxter International (BAX) has 18 years of EBITDA data on file, last reported at $66.0 million in Q1 2026.

  • EBITDA for Q1 2026 came in at $66.0 million, down 65.98% year-over-year; the trailing twelve-month figure through Mar 2026 was $514.0 million (down 51.23% YoY), and the FY2025 annual result was -$308.0 million, down 2300.0% from the prior year.
  • EBITDA improved to $66.0 million in Q1 2026 per BAX's latest filing, from -$33.0 million in the prior quarter.
  • Over five years, EBITDA peaked at $2.6 billion in Q3 2023 and troughed at -$2.9 billion in Q3 2022.
  • A 5-year average of $102.9 million and a median of $146.0 million in 2022 frame the typical range for EBITDA.
  • The sharpest annual moves came in 2022 and 2023: EBITDA sank 1456.52% in 2022, then soared 307.05% in 2023.
  • A 5-year view of EBITDA shows it stood at -$312.0 million in 2022, then soared by 307.05% to $646.0 million in 2023, then surged by 48.45% to $959.0 million in 2024, then plunged by 103.44% to -$33.0 million in 2025, then soared by 300.0% to $66.0 million in 2026.
  • Business Quant data shows BAX's EBITDA at $66.0 million in Q1 2026, -$33.0 million in Q3 2025, and $287.0 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Intuitive Surgical 148.09 Bn 143.69 Bn 1.83 Bn 799.70 Mn
2 Becton Dickinson 41.00 Bn 39.99 Bn 2.15 Bn 93.00 Mn
3 Medline 30.38 Bn 36.22 Bn 1.84 Bn 120.00 Mn
4 Resmed 28.22 Bn 26.56 Bn 890.98 Mn 499.81 Mn
5 West Pharmaceutical Services 23.72 Bn 23.19 Bn 296.40 Mn 177.10 Mn
6 Solventum 13.33 Bn 13.33 Bn 1.10 Bn 81.00 Mn
7 Cooper Companies 13.12 Bn 12.99 Bn 735.40 Mn -107.10 Mn
8 Align Technology 12.86 Bn 11.80 Bn 736.59 Mn 141.96 Mn
9 Baxter International 10.51 Bn 8.47 Bn 891.00 Mn 66.00 Mn
10 Aptargroup 7.72 Bn 7.52 Bn 351.91 Mn 171.81 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 66.00 Mn
Sep 30, 2025 -33.00 Mn
Jun 30, 2025 287.00 Mn
Mar 31, 2025 194.00 Mn
Dec 31, 2024 959.00 Mn
Sep 30, 2024 321.00 Mn
Jun 30, 2024 -420.00 Mn
Mar 31, 2024 -131.00 Mn
Dec 31, 2023 646.00 Mn
Sep 30, 2023 2.61 Bn
Jun 30, 2023 -216.00 Mn
Mar 31, 2023 129.00 Mn
Dec 31, 2022 -312.00 Mn
Sep 30, 2022 -2.88 Bn
Jun 30, 2022 264.00 Mn
Mar 31, 2022 163.00 Mn
Dec 31, 2021 23.00 Mn
Sep 30, 2021 513.00 Mn
Jun 30, 2021 424.00 Mn
Mar 31, 2021 390.00 Mn