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| Date | Value |
|---|---|
| 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 |