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

Baxter International's (BAX) quarterly Free Cash Flow came in at $76.0 million in Q1 2026, up 134.39% year-on-year from $32.4 million in Q1 2025, and down 83.33% on a QoQ basis from $456.0 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.

  • On a quarterly basis, Free Cash Flow rose 134.39% year-over-year to $76.0 million in Q1 2026; TTM through Mar 2026 was $735.0 million, a 145.82% increase from a year earlier, with the FY2025 full-year figure at $438.0 million, down 23.56% from the prior year.
  • Free Cash Flow for Q1 2026 stood at $76.0 million, down from $456.0 million in the prior quarter.
  • Over the last five years, Free Cash Flow for BAX reached as high as $456.0 million in Q4 2025 and fell as low as -$221.0 million in Q1 2025.
  • Historically, Free Cash Flow has averaged $118.4 million across 5 years, with a median of $68.0 million in 2022.
  • On a YoY basis, Free Cash Flow climbed as much as 683.33% in 2023 and fell as far as 1500.0% in 2023.
  • Year by year, Free Cash Flow stood at -$5.0 million in 2022, then slumped by 1500.0% to -$80.0 million in 2023, then jumped by 545.0% to $356.0 million in 2024, then climbed by 28.09% to $456.0 million in 2025, then plunged by 83.33% to $76.0 million in 2026.
  • Per Business Quant data, the three most recent Free Cash Flow figures were $76.0 million in Q1 2026, $456.0 million in Q4 2025, and $220.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Alcon 32,734,969.19 Bn 32,734,967.53 Bn 1.53 Bn 557.00 Mn
2 Intuitive Surgical 117.50 Bn 112.41 Bn 1.96 Bn 1.10 Bn
3 Becton Dickinson 42.93 Bn 42.11 Bn 2.15 Bn 546.00 Mn
4 Medline 30.82 Bn 36.66 Bn 1.84 Bn 316.00 Mn
5 Resmed 27.90 Bn 26.23 Bn 890.98 Mn 520.48 Mn
6 West Pharmaceutical Services 26.76 Bn 26.23 Bn 329.20 Mn 80.80 Mn
7 Cooper Companies 15.30 Bn 15.16 Bn 735.40 Mn 96.40 Mn
8 Solventum 13.46 Bn 12.90 Bn 1.10 Bn -273.00 Mn
9 Align Technology 12.02 Bn 10.96 Bn 736.59 Mn 120.26 Mn
10 Baxter International 11.17 Bn 9.12 Bn 891.00 Mn 76.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 76.00 Mn
Mar 31, 2026 76.00 Mn
Dec 31, 2025 456.00 Mn
Dec 31, 2025 456.00 Mn
Sep 30, 2025 220.00 Mn
Sep 30, 2025 220.00 Mn
Jun 30, 2025 -17.00 Mn
Jun 30, 2025 -17.00 Mn
Mar 31, 2025 -221.00 Mn
Mar 31, 2025 -221.00 Mn
Dec 31, 2024 356.00 Mn
Dec 31, 2024 356.00 Mn
Sep 30, 2024 119.00 Mn
Sep 30, 2024 119.00 Mn
Jun 30, 2024 45.00 Mn
Jun 30, 2024 45.00 Mn
Mar 31, 2024 53.00 Mn
Mar 31, 2024 53.00 Mn
Dec 31, 2023 -80.00 Mn
Dec 31, 2023 -80.00 Mn