Baxter International (BAX) EBITDA Margin (2009 - 2026)

Baxter International (BAX) reported EBITDA Margin of 2.44% for Q1 2026, down 495.0% year-over-year from 0.62% in Q1 2025, and down 66.94% quarter-over-quarter from 7.39% in Q1 2025.

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

Baxter International (BAX) has 18 years of EBITDA Margin data on file, last reported at 2.44% in Q1 2026.

  • EBITDA Margin for Q1 2026 came in at 2.44%, down 495.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 4.77% (down 502.0% YoY), and the FY2025 annual result was 2.74%, down 287.0% from the prior year.
  • EBITDA Margin declined to 2.44% in Q1 2026 per BAX's latest filing, from 7.39% in the prior quarter.
  • Over five years, EBITDA Margin peaked at 100.38% in Q3 2023 and troughed at 79.8% in Q3 2022.
  • A 5-year average of 5.75% and a median of 4.93% in 2022 frame the typical range for EBITDA Margin.
  • The sharpest annual moves came in 2022 and 2023: EBITDA Margin slumped 9570 bps in 2022, then jumped 18019 bps in 2023.
  • A 5-year view of EBITDA Margin shows it stood at 8.33% in 2022, then surged by 384 bps to 23.67% in 2023, then soared by 47 bps to 34.83% in 2024, then tumbled by 79 bps to 7.39% in 2025, then tumbled by 67 bps to 2.44% in 2026.
  • Business Quant data shows BAX's EBITDA Margin at 2.44% in Q1 2026, 7.39% in Q1 2025, and 34.83% in Q4 2024.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA Margin (Qtr)
1 Intuitive Surgical 148.09 Bn 143.69 Bn 1.83 Bn 28.86%
2 Becton Dickinson 41.00 Bn 39.99 Bn 2.15 Bn 1.97%
3 Medline 30.38 Bn 36.22 Bn 1.84 Bn 1.63%
4 Resmed 28.22 Bn 26.56 Bn 890.98 Mn 34.92%
5 West Pharmaceutical Services 23.72 Bn 23.19 Bn 296.40 Mn 20.96%
6 Solventum 13.33 Bn 13.33 Bn 1.10 Bn 4.04%
7 Cooper Companies 13.12 Bn 12.99 Bn 735.40 Mn -9.90%
8 Align Technology 12.86 Bn 11.80 Bn 736.59 Mn 13.65%
9 Baxter International 10.51 Bn 8.47 Bn 891.00 Mn 2.44%
10 Aptargroup 7.72 Bn 7.52 Bn 351.91 Mn 17.48%

Historic Data

Download Data
DateValue
Mar 31, 2026 2.44%
Mar 31, 2025 7.39%
Dec 31, 2024 34.83%
Sep 30, 2024 11.89%
Jun 30, 2024 -15.59%
Mar 31, 2024 -5.26%
Dec 31, 2023 23.67%
Sep 30, 2023 100.38%
Jun 30, 2023 -8.34%
Mar 31, 2023 5.28%
Dec 31, 2022 -8.33%
Sep 30, 2022 -79.80%
Jun 30, 2022 7.35%
Mar 31, 2022 4.58%
Dec 31, 2021 0.80%
Sep 30, 2021 15.90%
Jun 30, 2021 13.69%
Mar 31, 2021 13.24%
Dec 31, 2020 12.76%
Sep 30, 2020 15.81%