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% on a QoQ basis from $444.0 million in Q4 2025.
Baxter International (BAX) has 18 years of Free Cash Flow data on file, last reported at $76.0 million in Q1 2026.
- Quarterly Free Cash Flow rose 124.13% year-over-year to $76.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $723.0 million (up 615.84% YoY) and the FY2025 annual result came in at $332.0 million, down 10.99% from the prior year.
- Free Cash Flow eased to $76.0 million in Q1 2026 per BAX's latest filing, from $444.0 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $444.0 million in Q4 2025 and bottomed at -$315.0 million in Q1 2025.
- The 5-year median for Free Cash Flow is $129.0 million (2022), against an average of $130.9 million.
- The widest annual swing landed in 2023, when Free Cash Flow jumped 361.76%; it then plunged 632.56% in 2025.
- Tracing BAX's Free Cash Flow over 5 years: stood at -$183.0 million in 2022, then soared by 339.89% to $439.0 million in 2023, then tumbled by 64.46% to $156.0 million in 2024, then jumped by 184.62% to $444.0 million in 2025, then slumped by 82.88% to $76.0 million in 2026.
- Per Business Quant, the three latest BAX Free Cash Flow figures stand at $76.0 million (Q1 2026), $444.0 million (Q4 2025), and $126.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 156.17 Bn | 151.78 Bn | 1.83 Bn | 808.60 Mn |
| 2 | Becton Dickinson | 41.51 Bn | 40.49 Bn | 2.15 Bn | 546.00 Mn |
| 3 | Resmed | 30.43 Bn | 28.77 Bn | 890.98 Mn | 520.48 Mn |
| 4 | West Pharmaceutical Services | 22.78 Bn | 22.26 Bn | 296.40 Mn | 63.80 Mn |
| 5 | Solventum | 13.39 Bn | 13.39 Bn | 1.10 Bn | -273.00 Mn |
| 6 | Cooper Companies | 12.33 Bn | 12.20 Bn | 695.20 Mn | 158.70 Mn |
| 7 | Align Technology | 11.65 Bn | 10.59 Bn | 736.59 Mn | 120.26 Mn |
| 8 | Baxter International | 9.81 Bn | 7.77 Bn | 891.00 Mn | 76.00 Mn |
| 9 | Aptargroup | 7.39 Bn | 7.19 Bn | 351.91 Mn | 53.30 Mn |
| 10 | Repligen | 6.39 Bn | 5.41 Bn | 108.28 Mn | 23.59 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Sep 30, 2023 | 403.00 Mn |
| Sep 30, 2023 | 403.00 Mn |
| Jun 30, 2023 | 138.00 Mn |
| Jun 30, 2023 | 138.00 Mn |
| Mar 31, 2023 | 314.00 Mn |
| Mar 31, 2023 | 314.00 Mn |
| Dec 31, 2022 | -183.00 Mn |
| Dec 31, 2022 | -183.00 Mn |
| Sep 30, 2022 | 129.00 Mn |
| Sep 30, 2022 | 129.00 Mn |
| Jun 30, 2022 | 137.00 Mn |
| Jun 30, 2022 | 137.00 Mn |
| Mar 31, 2022 | 68.00 Mn |
| Mar 31, 2022 | 68.00 Mn |
| Dec 31, 2021 | 510.00 Mn |
| Dec 31, 2021 | 510.00 Mn |
| Sep 30, 2021 | 496.00 Mn |
| Sep 30, 2021 | 496.00 Mn |
| Jun 30, 2021 | 319.00 Mn |
| Jun 30, 2021 | 319.00 Mn |
| Mar 31, 2021 | 206.00 Mn |
| Mar 31, 2021 | 206.00 Mn |
| Dec 31, 2020 | 477.00 Mn |
| Dec 31, 2020 | 477.00 Mn |
| Sep 30, 2020 | 352.00 Mn |
| Sep 30, 2020 | 352.00 Mn |
| Jun 30, 2020 | 232.00 Mn |
| Jun 30, 2020 | 232.00 Mn |
| Mar 31, 2020 | 100.00 Mn |
| Mar 31, 2020 | 100.00 Mn |
| Dec 31, 2019 | 638.00 Mn |
| Dec 31, 2019 | 638.00 Mn |
| Sep 30, 2019 | 540.00 Mn |
| Sep 30, 2019 | 540.00 Mn |
| Jun 30, 2019 | 295.00 Mn |
| Jun 30, 2019 | 295.00 Mn |
| Mar 31, 2019 | -59.00 Mn |
| Mar 31, 2019 | -59.00 Mn |
| Dec 31, 2018 | 503.00 Mn |
| Dec 31, 2018 | 503.00 Mn |
| Sep 30, 2018 | 326.00 Mn |
| Sep 30, 2018 | 326.00 Mn |
| Jun 30, 2018 | 251.00 Mn |
| Jun 30, 2018 | 251.00 Mn |
| Mar 31, 2018 | 278.00 Mn |
| Mar 31, 2018 | 278.00 Mn |
| Dec 31, 2017 | 165.00 Mn |
| Dec 31, 2017 | 165.00 Mn |
| Sep 30, 2017 | 494.00 Mn |
| Sep 30, 2017 | 494.00 Mn |
| Jun 30, 2017 | 373.00 Mn |
| Jun 30, 2017 | 373.00 Mn |
| Mar 31, 2017 | 66.00 Mn |
| Mar 31, 2017 | 66.00 Mn |
| Dec 31, 2016 | 514.00 Mn |
| Dec 31, 2016 | 514.00 Mn |
| Sep 30, 2016 | 370.00 Mn |
| Sep 30, 2016 | 370.00 Mn |
| Jun 30, 2016 | 407.00 Mn |
| Jun 30, 2016 | 407.00 Mn |
| Mar 31, 2016 | -358.00 Mn |
| Mar 31, 2016 | -358.00 Mn |
| Dec 31, 2015 | 471.00 Mn |
| Dec 31, 2015 | 471.00 Mn |
| Sep 30, 2015 | 21.00 Mn |
| Sep 30, 2015 | 21.00 Mn |
| Jun 30, 2015 | 610.00 Mn |
| Jun 30, 2015 | 610.00 Mn |
| Mar 31, 2015 | -242.00 Mn |
| Mar 31, 2015 | -242.00 Mn |
| Dec 31, 2014 | -1.22 Bn |
| Dec 31, 2014 | -1.22 Bn |
| Sep 30, 2014 | 1.13 Bn |
| Sep 30, 2014 | 1.13 Bn |
| Jun 30, 2014 | 176.00 Mn |
| Jun 30, 2014 | 176.00 Mn |
| Mar 31, 2014 | 138.00 Mn |
| Mar 31, 2014 | 138.00 Mn |
| Dec 31, 2013 | 1.41 Bn |
| Dec 31, 2013 | 1.41 Bn |
| Sep 30, 2013 | 568.00 Mn |
| Sep 30, 2013 | 568.00 Mn |
| Jun 30, 2013 | 416.00 Mn |
| Jun 30, 2013 | 416.00 Mn |
| Mar 31, 2013 | 94.00 Mn |
| Mar 31, 2013 | 94.00 Mn |
| Dec 31, 2012 | 546.00 Mn |
| Dec 31, 2012 | 546.00 Mn |
| Sep 30, 2012 | 488.00 Mn |
| Sep 30, 2012 | 488.00 Mn |
| Jun 30, 2012 | 704.00 Mn |
| Jun 30, 2012 | 704.00 Mn |
| Mar 31, 2012 | 207.00 Mn |
| Mar 31, 2012 | 207.00 Mn |
| Dec 31, 2011 | 575.00 Mn |
| Dec 31, 2011 | 575.00 Mn |
| Sep 30, 2011 | 687.00 Mn |
| Sep 30, 2011 | 687.00 Mn |
| Jun 30, 2011 | 422.00 Mn |
| Jun 30, 2011 | 422.00 Mn |
| Mar 31, 2011 | 173.00 Mn |
| Mar 31, 2011 | 173.00 Mn |
| Dec 31, 2010 | 671.00 Mn |
| Dec 31, 2010 | 671.00 Mn |
| Sep 30, 2010 | 774.00 Mn |
| Sep 30, 2010 | 774.00 Mn |
| Jun 30, 2010 | 546.00 Mn |
| Jun 30, 2010 | 546.00 Mn |
| Mar 31, 2010 | 49.00 Mn |
| Mar 31, 2010 | 49.00 Mn |
| Dec 31, 2009 | 606.00 Mn |
| Dec 31, 2009 | 606.00 Mn |
| Sep 30, 2009 | 628.00 Mn |
| Sep 30, 2009 | 628.00 Mn |
| Jun 30, 2009 | 595.00 Mn |
| Jun 30, 2009 | 595.00 Mn |
| Mar 31, 2009 | 66.00 Mn |
| Mar 31, 2009 | 66.00 Mn |