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| Date | Value |
|---|---|
| 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% |