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| 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 |