Baxter International (BAX) EV to FCF (2009 - 2026)
Baxter International's (BAX) quarterly EV to FCF came in at 48.87 in Q2 2026, down 39.62% year-over-year from 80.93 in Q2 2025, and down 43.98% quarter-over-quarter from 87.23 in Q1 2026.
Analysis
Baxter International (BAX) EV to FCF (2009 - 2026) Analysis & Trends
Baxter International (BAX) has reported EV to FCF for 18 consecutive years, with 48.87 the latest figure, recorded in Q2 2026.
- On a quarterly basis, EV to FCF fell 39.62% year-over-year to 48.87 in Q2 2026; TTM through Jun 2026 was 10.54, a 74.78% decrease from a year earlier, with the FY2025 full-year figure at 17.89, down 22.44% from the prior year.
- EV to FCF was 48.87 for Q2 2026 at Baxter International, down from 87.23 in the prior quarter.
- Over five years, EV to FCF peaked at 787.63 in Q1 2022 and troughed at 48.4 in Q1 2025.
- A 5-year average of 156.37 and a median of 79.94 in 2025 frame the typical range for EV to FCF.
- Across the five-year window, EV to FCF jumped 495.87% in 2024 and slumped 113.49% in 2025, its largest moves.
- Over 5 years, EV to FCF stood at 78.79 in 2022, then tumbled by 51.95% to 37.86 in 2023, then fell by 1.95% to 37.12 in 2024, then sank by 53.71% to 17.18 in 2025, then surged by 184.43% to 48.87 in 2026.
- The last three EV to FCF figures came in at 48.87 (Q2 2026), 87.23 (Q1 2026), and 17.18 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Becton Dickinson | 49.84 Bn | 48.98 Bn | 2.32 Bn |
| 2 | Medline | 29.28 Bn | 26.61 Bn | 2.22 Bn |
| 3 | West Pharmaceutical Services | 24.04 Bn | 23.61 Bn | 329.20 Mn |
| 4 | Baxter International | 12.83 Bn | 10.68 Bn | 1.03 Bn |
| 5 | Stevanato Group S.p.A | 5.54 Bn | 5.43 Bn | 100.91 Mn |
| 6 | Acme United | 234.28 Mn | 229.24 Mn | 26.69 Mn |
| 7 | Rockwell Medical | 28.82 Mn | 4.02 Mn | 3.24 Mn |
| 8 | Retractable Technologies | 20.96 Mn | -18.91 Mn | 190,852.00 |
| 9 | United Health Products | 9.59 Mn | 9.56 Mn | - |
| 10 | Cuprina Holdings (Cayman) | 8.14 Mn | 5.02 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 48.87 |
| Mar 31, 2026 | 87.23 |
| Dec 31, 2025 | 17.18 |
| Sep 30, 2025 | 78.95 |
| Jun 30, 2025 | 80.93 |
| Mar 31, 2025 | -48.40 |
| Dec 31, 2024 | 37.12 |
| Sep 30, 2024 | 151.57 |
| Jun 30, 2024 | 345.70 |
| Mar 31, 2024 | 358.78 |
| Dec 31, 2023 | 37.86 |
| Sep 30, 2023 | 38.23 |
| Jun 30, 2023 | 113.89 |
| Mar 31, 2023 | 60.21 |
| Dec 31, 2022 | 78.79 |
| Sep 30, 2022 | 198.41 |
| Jun 30, 2022 | 341.73 |
| Mar 31, 2022 | 787.63 |
| Dec 31, 2021 | 112.47 |
| Sep 30, 2021 | 85.69 |