Baxter International (BAX) EBITDA Margin (2009 - 2026)
Baxter International's EBITDA Margin came in at 15.59% for Q3 2026, up 1.16 percentage points from 14.43% a year earlier and up 0.19 percentage points from the prior quarter.
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Analysis
Baxter International (BAX) EBITDA Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Baxter International reported EBITDA Margin of 6.32%, down 8.37 percentage points year-over-year; for FY2025, it came in at 5.99%, down 3.52 percentage points from FY2024.
- EBITDA Margin carries a five-year change of -14.91 percentage points (FY2020 to FY2025).
- Going back by year, EBITDA Margin was 9.51% in FY2024 (-6.82 pp), 16.32% in FY2023 (+33.95 pp), -17.63% in FY2022 (-35.88 pp) and 18.25% in FY2021 (-2.64 pp).
- The Q3 2026 figure represents the highest quarterly EBITDA Margin since Q2 2025.
- Year-over-year, EBITDA Margin increased in 1 of the last four quarters, with an average year-over-year change of -1.64 percentage points.
- The fastest year-over-year change in EBITDA Margin over five years came in Q3 2023 (a gain of 72.21 percentage points), and the weakest in Q3 2022 (a drop of 92.92 percentage points).
- Business Quant data shows BAX's EBITDA Margin at 15.41% (Q2 2026), 11.22% (Q1 2026) and -16.44% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn | 25.44% |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn | 20.09% |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn | 30.00% |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn | 25.90% |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn | 25.55% |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn | - |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn | 23.14% |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn | 20.05% |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn | 9.79% |
| 10 | Baxter International | 13.66 Bn | 5.52 Bn | 994.00 Mn | 15.59% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 15.59% |
| Jun 30, 2026 | 15.41% |
| Mar 31, 2026 | 11.22% |
| Dec 31, 2025 | -16.44% |
| Sep 30, 2025 | 14.43% |
| Jun 30, 2025 | 15.94% |
| Mar 31, 2025 | 11.62% |
| Dec 31, 2024 | -6.90% |
| Sep 30, 2024 | 15.15% |
| Jun 30, 2024 | 15.07% |
| Mar 31, 2024 | 18.39% |
| Dec 31, 2023 | 33.35% |
| Sep 30, 2023 | 1.58% |
| Jun 30, 2023 | 11.50% |
| Mar 31, 2023 | 18.11% |
| Dec 31, 2022 | -7.85% |
| Sep 30, 2022 | -70.63% |
| Jun 30, 2022 | 16.89% |
| Mar 31, 2022 | 15.26% |
| Dec 31, 2021 | 8.52% |
API Access
Baxter International EBITDA Margin 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=ebitda-margin&ticker=BAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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=ebitda-margin&ticker=BAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();