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% quarter-over-quarter from 12.0% in Q1 2025.
Baxter International (BAX) FCF Margin (2009 - 2026) Analysis & Trends
Baxter International (BAX) has 18 years of FCF Margin data on file, last reported at 2.81% in Q1 2026.
- FCF Margin for Q1 2026 came in at 2.81%, up 1481.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 6.71% (up 577.0% YoY), and the FY2025 annual result was 2.95%, down 55.0% from the prior year.
- FCF Margin climbed to 2.81% in Q1 2026 per BAX's latest filing, from 12.0% in the prior quarter.
- Over five years, FCF Margin peaked at 16.09% in Q4 2023 and troughed at 12.0% in Q1 2025.
- A 5-year average of 4.18% and a median of 3.69% in 2022 frame the typical range for FCF Margin.
- The sharpest annual moves came in 2022 and 2023: FCF Margin sank 2262 bps in 2022, then jumped 2097 bps in 2023.
- A 5-year view of FCF Margin shows it stood at 4.89% in 2022, then surged by 429 bps to 16.09% in 2023, then slumped by 65 bps to 5.67% in 2024, then slumped by 312 bps to 12.0% in 2025, then jumped by 123 bps to 2.81% in 2026.
- Business Quant data shows BAX's FCF Margin at 2.81% in Q1 2026, 12.0% in Q1 2025, and 5.67% in Q4 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 148.09 Bn | 143.69 Bn | 1.83 Bn | 29.18% |
| 2 | Becton Dickinson | 41.00 Bn | 39.99 Bn | 2.15 Bn | 11.58% |
| 3 | Medline | 30.38 Bn | 36.22 Bn | 1.84 Bn | 4.30% |
| 4 | Resmed | 28.22 Bn | 26.56 Bn | 890.98 Mn | 36.36% |
| 5 | West Pharmaceutical Services | 23.72 Bn | 23.19 Bn | 296.40 Mn | 7.55% |
| 6 | Solventum | 13.33 Bn | 13.33 Bn | 1.10 Bn | -13.60% |
| 7 | Cooper Companies | 13.12 Bn | 12.99 Bn | 735.40 Mn | 8.91% |
| 8 | Align Technology | 12.86 Bn | 11.80 Bn | 736.59 Mn | 11.56% |
| 9 | Baxter International | 10.51 Bn | 8.47 Bn | 891.00 Mn | 2.81% |
| 10 | Aptargroup | 7.72 Bn | 7.52 Bn | 351.91 Mn | 5.42% |
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% |