Baxter International (BAX) FCF Margin (2009 - 2026)
Baxter International (BAX) reported FCF Margin of 2.81% for Q1 2026, up 1481.0% year-over-year from 0.18% in Q1 2025, and up 123.45% on a QoQ basis from 12.0% in Q1 2025.
Baxter International (BAX) has 18 years of FCF Margin data on file, last reported at 2.81% in Q1 2026.
- Quarterly FCF Margin rose 1481.0% year-over-year to 2.81% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 6.71% (up 577.0% YoY) and the FY2025 annual result came in at 2.95%, down 55.0% from the prior year.
- FCF Margin improved to 2.81% in Q1 2026 per BAX's latest filing, from 12.0% in the prior quarter.
- Across five years, FCF Margin topped out at 16.09% in Q4 2023 and bottomed at 12.0% in Q1 2025.
- The 5-year median for FCF Margin is 3.69% (2022), against an average of 4.18%.
- The widest annual swing landed in 2022, when FCF Margin tumbled 2262 bps; it then surged 2097 bps in 2023.
- Tracing BAX's FCF Margin over 5 years: stood at 4.89% in 2022, then soared by 429 bps to 16.09% in 2023, then plunged by 65 bps to 5.67% in 2024, then plunged by 312 bps to 12.0% in 2025, then surged by 123 bps to 2.81% in 2026.
- Per Business Quant, the three latest BAX FCF Margin figures stand at 2.81% (Q1 2026), 12.0% (Q1 2025), and 5.67% (Q4 2024).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 156.17 Bn | 151.78 Bn | 1.83 Bn | 29.18% |
| 2 | Becton Dickinson | 41.51 Bn | 40.49 Bn | 2.15 Bn | 11.58% |
| 3 | Resmed | 30.43 Bn | 28.77 Bn | 890.98 Mn | 36.36% |
| 4 | West Pharmaceutical Services | 22.78 Bn | 22.26 Bn | 296.40 Mn | 7.55% |
| 5 | Solventum | 13.39 Bn | 13.39 Bn | 1.10 Bn | -13.60% |
| 6 | Cooper Companies | 12.33 Bn | 12.20 Bn | 695.20 Mn | 15.50% |
| 7 | Align Technology | 11.65 Bn | 10.59 Bn | 736.59 Mn | 11.56% |
| 8 | Baxter International | 9.81 Bn | 7.77 Bn | 891.00 Mn | 2.81% |
| 9 | Aptargroup | 7.39 Bn | 7.19 Bn | 351.91 Mn | 5.42% |
| 10 | Repligen | 6.39 Bn | 5.41 Bn | 108.28 Mn | 12.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.81% |
| Mar 31, 2025 | -12.00% |
| Dec 31, 2024 | 5.67% |
| Sep 30, 2024 | 13.60% |
| Jun 30, 2024 | -3.97% |
| Mar 31, 2024 | -1.73% |
| Dec 31, 2023 | 16.09% |
| Sep 30, 2023 | 15.51% |
| Jun 30, 2023 | 5.33% |
| Mar 31, 2023 | 12.86% |
| Dec 31, 2022 | -4.89% |
| Sep 30, 2022 | 3.57% |
| Jun 30, 2022 | 3.81% |
| Mar 31, 2022 | 1.91% |
| Dec 31, 2021 | 17.73% |
| Sep 30, 2021 | 15.38% |
| Jun 30, 2021 | 10.30% |
| Mar 31, 2021 | 6.99% |
| Dec 31, 2020 | 15.00% |
| Sep 30, 2020 | 11.84% |
| Jun 30, 2020 | 8.54% |
| Mar 31, 2020 | 3.57% |
| Dec 31, 2019 | 20.99% |
| Sep 30, 2019 | 18.94% |
| Jun 30, 2019 | 10.41% |
| Mar 31, 2019 | -2.24% |
| Dec 31, 2018 | 17.76% |
| Sep 30, 2018 | 11.81% |
| Jun 30, 2018 | 8.92% |
| Mar 31, 2018 | 10.33% |
| Dec 31, 2017 | 5.95% |
| Sep 30, 2017 | 18.25% |
| Jun 30, 2017 | 14.32% |
| Mar 31, 2017 | 2.67% |
| Dec 31, 2016 | 19.43% |
| Sep 30, 2016 | 14.46% |
| Jun 30, 2016 | 15.74% |
| Mar 31, 2016 | -15.07% |
| Dec 31, 2015 | 18.09% |
| Sep 30, 2015 | 0.84% |
| Jun 30, 2015 | 24.65% |
| Mar 31, 2015 | -10.07% |
| Dec 31, 2014 | -43.71% |
| Sep 30, 2014 | 41.86% |
| Jun 30, 2014 | 6.51% |
| Mar 31, 2014 | 5.48% |
| Dec 31, 2013 | 32.72% |
| Sep 30, 2013 | 15.31% |
| Jun 30, 2013 | 11.65% |
| Mar 31, 2013 | 2.79% |
| Dec 31, 2012 | 14.55% |
| Sep 30, 2012 | 14.04% |
| Jun 30, 2012 | 19.71% |
| Mar 31, 2012 | 6.11% |
| Dec 31, 2011 | 16.00% |
| Sep 30, 2011 | 19.75% |
| Jun 30, 2011 | 11.93% |
| Mar 31, 2011 | 5.27% |
| Dec 31, 2010 | 19.18% |
| Sep 30, 2010 | 24.01% |
| Jun 30, 2010 | 17.09% |
| Mar 31, 2010 | 1.67% |
| Dec 31, 2009 | 17.46% |
| Sep 30, 2009 | 19.97% |
| Jun 30, 2009 | 19.05% |
| Mar 31, 2009 | 2.34% |