Baxter International (BAX) Free Cash Flow (2009 - 2026)

Baxter International (BAX) reported Free Cash Flow of $76.0 million for Q1 2026, up 124.13% year-over-year from $33.9 million in Q1 2025, and down 82.88% quarter-over-quarter from $444.0 million in Q4 2025.

Baxter International (BAX) Free Cash Flow (2009 - 2026) Analysis & Trends

Baxter International (BAX) has 18 years of Free Cash Flow data on file, last reported at $76.0 million in Q1 2026.

  • Free Cash Flow for Q1 2026 came in at $76.0 million, up 124.13% year-over-year; the trailing twelve-month figure through Mar 2026 was $723.0 million (up 615.84% YoY), and the FY2025 annual result was $332.0 million, down 10.99% from the prior year.
  • Free Cash Flow slipped to $76.0 million in Q1 2026 per BAX's latest filing, from $444.0 million in the prior quarter.
  • Over five years, Free Cash Flow peaked at $444.0 million in Q4 2025 and troughed at -$315.0 million in Q1 2025.
  • A 5-year average of $130.9 million and a median of $129.0 million in 2022 frame the typical range for Free Cash Flow.
  • The sharpest annual moves came in 2023 and 2025: Free Cash Flow soared 361.76% in 2023, then slumped 632.56% in 2025.
  • A 5-year view of Free Cash Flow shows it stood at -$183.0 million in 2022, then surged by 339.89% to $439.0 million in 2023, then sank by 64.46% to $156.0 million in 2024, then soared by 184.62% to $444.0 million in 2025, then plunged by 82.88% to $76.0 million in 2026.
  • Business Quant data shows BAX's Free Cash Flow at $76.0 million in Q1 2026, $444.0 million in Q4 2025, and $126.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF (Qtr)
1 Intuitive Surgical 148.09 Bn 143.69 Bn 1.83 Bn 808.60 Mn
2 Becton Dickinson 41.00 Bn 39.99 Bn 2.15 Bn 546.00 Mn
3 Medline 30.38 Bn 36.22 Bn 1.84 Bn 316.00 Mn
4 Resmed 28.22 Bn 26.56 Bn 890.98 Mn 520.48 Mn
5 West Pharmaceutical Services 23.72 Bn 23.19 Bn 296.40 Mn 63.80 Mn
6 Solventum 13.33 Bn 13.33 Bn 1.10 Bn -273.00 Mn
7 Cooper Companies 13.12 Bn 12.99 Bn 735.40 Mn 96.40 Mn
8 Align Technology 12.86 Bn 11.80 Bn 736.59 Mn 120.26 Mn
9 Baxter International 10.51 Bn 8.47 Bn 891.00 Mn 76.00 Mn
10 Aptargroup 7.72 Bn 7.52 Bn 351.91 Mn 53.30 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 76.00 Mn
Mar 31, 2026 76.00 Mn
Dec 31, 2025 444.00 Mn
Dec 31, 2025 444.00 Mn
Sep 30, 2025 126.00 Mn
Sep 30, 2025 126.00 Mn
Jun 30, 2025 77.00 Mn
Jun 30, 2025 77.00 Mn
Mar 31, 2025 -315.00 Mn
Mar 31, 2025 -315.00 Mn
Dec 31, 2024 156.00 Mn
Dec 31, 2024 156.00 Mn
Sep 30, 2024 367.00 Mn
Sep 30, 2024 367.00 Mn
Jun 30, 2024 -107.00 Mn
Jun 30, 2024 -107.00 Mn
Mar 31, 2024 -43.00 Mn
Mar 31, 2024 -43.00 Mn
Dec 31, 2023 439.00 Mn
Dec 31, 2023 439.00 Mn