Baxter International (BAX) Invested Capital (2009 - 2026)

Baxter International (BAX) reported Invested Capital of $6.9 billion for Q1 2026, down 10.99% year-over-year from $7.7 billion in Q1 2025, and down 55.95% quarter-over-quarter from $15.6 billion in Q4 2025.

Baxter International (BAX) Invested Capital (2009 - 2026) Analysis & Trends

Baxter International (BAX) has 18 years of Invested Capital data on file, last reported at $6.9 billion in Q1 2026.

  • Invested Capital for Q1 2026 came in at $6.9 billion, down 10.99% year-over-year; the trailing twelve-month figure through Mar 2026 was $6.9 billion (down 10.99% YoY), and the FY2025 annual result was $15.6 billion, down 22.95% from the prior year.
  • Invested Capital fell to $6.9 billion in Q1 2026 per BAX's latest filing, from $15.6 billion in the prior quarter.
  • Over five years, Invested Capital peaked at $22.6 billion in Q4 2022 and troughed at $5.9 billion in Q3 2022.
  • A 5-year average of $11.0 billion and a median of $9.2 billion in 2022 frame the typical range for Invested Capital.
  • The sharpest annual moves came in 2022 and 2024: Invested Capital tumbled 59.54% in 2022, then jumped 81.42% in 2024.
  • A 5-year view of Invested Capital shows it stood at $22.6 billion in 2022, then slipped by 1.21% to $22.3 billion in 2023, then dropped by 9.49% to $20.2 billion in 2024, then dropped by 22.95% to $15.6 billion in 2025, then plunged by 55.95% to $6.9 billion in 2026.
  • Business Quant data shows BAX's Invested Capital at $6.9 billion in Q1 2026, $15.6 billion in Q4 2025, and $8.0 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Intuitive Surgical 148.09 Bn 143.69 Bn 1.83 Bn 17.60 Bn
2 Becton Dickinson 41.00 Bn 39.99 Bn 2.15 Bn 26.71 Bn
3 Medline 30.38 Bn 36.22 Bn 1.84 Bn 11.35 Bn
4 Resmed 28.22 Bn 26.56 Bn 890.98 Mn 6.90 Bn
5 West Pharmaceutical Services 23.72 Bn 23.19 Bn 296.40 Mn 3.19 Bn
6 Solventum 13.33 Bn 13.33 Bn 1.10 Bn 5.18 Bn
7 Cooper Companies 13.12 Bn 12.99 Bn 735.40 Mn 8.84 Bn
8 Align Technology 12.86 Bn 11.80 Bn 736.59 Mn 4.15 Bn
9 Baxter International 10.51 Bn 8.47 Bn 891.00 Mn 6.86 Bn
10 Aptargroup 7.72 Bn 7.52 Bn 351.91 Mn 2.66 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 6.86 Bn
Dec 31, 2025 15.57 Bn
Sep 30, 2025 7.99 Bn
Jun 30, 2025 7.30 Bn
Mar 31, 2025 7.71 Bn
Dec 31, 2024 20.20 Bn
Sep 30, 2024 10.44 Bn
Jun 30, 2024 10.18 Bn
Mar 31, 2024 10.87 Bn
Dec 31, 2023 22.32 Bn
Sep 30, 2023 8.68 Bn
Jun 30, 2023 5.88 Bn
Mar 31, 2023 5.99 Bn
Dec 31, 2022 22.60 Bn
Sep 30, 2022 5.85 Bn
Jun 30, 2022 9.24 Bn
Mar 31, 2022 9.29 Bn
Dec 31, 2021 26.88 Bn
Sep 30, 2021 14.47 Bn
Jun 30, 2021 14.30 Bn