Baxter International (BAX) Invested Capital (2009 - 2025)
Baxter International's (BAX) quarterly Invested Capital came in at $1.0 million in Q4 2025, down 99.95% year-on-year from $2.1 billion in Q4 2024, and down 75.0% on a QoQ basis from $4.0 million in Q3 2025.
Baxter International (BAX) Invested Capital (2009 - 2025) Analysis & Trends
Baxter International (BAX) has 17 years of Invested Capital data on file, last reported at $1.0 million in Q4 2025.
- On a quarterly basis, Invested Capital fell 99.95% year-over-year to $1.0 million in Q4 2025; TTM through Mar 2026 was $7.0 million, a 99.9% decrease from a year earlier, with the FY2025 full-year figure at $1.0 million, down 99.95% from the prior year.
- Invested Capital for Q4 2025 stood at $1.0 million, down from $4.0 million in the prior quarter.
- Over the last five years, Invested Capital for BAX reached as high as $17.4 billion in Q4 2021 and fell as low as $1.0 million in Q4 2025.
- Historically, Invested Capital has averaged $5.1 billion across 5 years, with a median of $2.5 billion in 2024.
- Across the five-year window, Invested Capital jumped 47700.0% in 2023 and plunged 99.95% in 2025, its largest moves.
- Year by year, Invested Capital stood at $17.4 billion in 2021, then dropped by 10.53% to $15.5 billion in 2022, then plunged by 82.83% to $2.7 billion in 2023, then fell by 20.28% to $2.1 billion in 2024, then plunged by 99.95% to $1.0 million in 2025.
- Per Business Quant data, the three most recent Invested Capital figures were $1.0 million in Q4 2025, $4.0 million in Q3 2025, and $2.0 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alcon | 32,734,969.19 Bn | 32,734,967.53 Bn | 1.53 Bn | - |
| 2 | Intuitive Surgical | 117.50 Bn | 112.41 Bn | 1.96 Bn | - |
| 3 | Becton Dickinson | 42.93 Bn | 42.11 Bn | 2.15 Bn | 2.57 Bn |
| 4 | Medline | 30.82 Bn | 36.66 Bn | 1.84 Bn | 77.00 Mn |
| 5 | Resmed | 27.90 Bn | 26.23 Bn | 890.98 Mn | 259.93 Mn |
| 6 | West Pharmaceutical Services | 26.76 Bn | 26.23 Bn | 329.20 Mn | - |
| 7 | Cooper Companies | 15.30 Bn | 15.16 Bn | 735.40 Mn | 598.90 Mn |
| 8 | Solventum | 13.46 Bn | 12.90 Bn | 1.10 Bn | 208.00 Mn |
| 9 | Align Technology | 12.02 Bn | 10.96 Bn | 736.59 Mn | - |
| 10 | Baxter International | 11.17 Bn | 9.12 Bn | 891.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 1.00 Mn |
| Sep 30, 2025 | 4.00 Mn |
| Jun 30, 2025 | 2.00 Mn |
| Mar 31, 2025 | 11.00 Mn |
| Dec 31, 2024 | 2.13 Bn |
| Sep 30, 2024 | 2.50 Bn |
| Jun 30, 2024 | 2.47 Bn |
| Mar 31, 2024 | 2.63 Bn |
| Dec 31, 2023 | 2.67 Bn |
| Sep 30, 2023 | 1.91 Bn |
| Jun 30, 2023 | 1.93 Bn |
| Mar 31, 2023 | 1.10 Bn |
| Dec 31, 2022 | 15.53 Bn |
| Sep 30, 2022 | 4.00 Mn |
| Jun 30, 2022 | 16.48 Bn |
| Mar 31, 2022 | 16.97 Bn |
| Dec 31, 2021 | 17.36 Bn |
| Sep 30, 2021 | 5.75 Bn |
| Jun 30, 2021 | 6.12 Bn |
| Mar 31, 2021 | 6.09 Bn |