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% on a QoQ basis from $15.6 billion in Q4 2025.
Baxter International (BAX) has 18 years of Invested Capital data on file, last reported at $6.9 billion in Q1 2026.
- Quarterly Invested Capital fell 10.99% year-over-year to $6.9 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $6.9 billion (down 10.99% YoY) and the FY2025 annual result came in at $15.6 billion, down 22.95% from the prior year.
- Invested Capital retreated to $6.9 billion in Q1 2026 per BAX's latest filing, from $15.6 billion in the prior quarter.
- Across five years, Invested Capital topped out at $22.6 billion in Q4 2022 and bottomed at $5.9 billion in Q3 2022.
- The 5-year median for Invested Capital is $9.2 billion (2022), against an average of $11.0 billion.
- The widest annual swing landed in 2022, when Invested Capital sank 59.54%; it then surged 81.42% in 2024.
- Tracing BAX's Invested Capital over 5 years: stood at $22.6 billion in 2022, then retreated by 1.21% to $22.3 billion in 2023, then decreased by 9.49% to $20.2 billion in 2024, then decreased by 22.95% to $15.6 billion in 2025, then slumped by 55.95% to $6.9 billion in 2026.
- Per Business Quant, the three latest BAX Invested Capital figures stand at $6.9 billion (Q1 2026), $15.6 billion (Q4 2025), and $8.0 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 156.17 Bn | 151.78 Bn | 1.83 Bn | 17.60 Bn |
| 2 | Becton Dickinson | 41.51 Bn | 40.49 Bn | 2.15 Bn | 26.71 Bn |
| 3 | Resmed | 30.43 Bn | 28.77 Bn | 890.98 Mn | 6.90 Bn |
| 4 | West Pharmaceutical Services | 22.78 Bn | 22.26 Bn | 296.40 Mn | 3.19 Bn |
| 5 | Solventum | 13.39 Bn | 13.39 Bn | 1.10 Bn | 5.18 Bn |
| 6 | Cooper Companies | 12.33 Bn | 12.20 Bn | 695.20 Mn | 8.98 Bn |
| 7 | Align Technology | 11.65 Bn | 10.59 Bn | 736.59 Mn | 4.15 Bn |
| 8 | Baxter International | 9.81 Bn | 7.77 Bn | 891.00 Mn | 6.86 Bn |
| 9 | Aptargroup | 7.39 Bn | 7.19 Bn | 351.91 Mn | 2.66 Bn |
| 10 | Repligen | 6.39 Bn | 5.41 Bn | 108.28 Mn | 2.65 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 |
| Mar 31, 2021 | 14.58 Bn |
| Dec 31, 2020 | 14.96 Bn |
| Sep 30, 2020 | 15.09 Bn |
| Jun 30, 2020 | 14.53 Bn |
| Mar 31, 2020 | 13.95 Bn |
| Dec 31, 2019 | 12.95 Bn |
| Sep 30, 2019 | 12.68 Bn |
| Jun 30, 2019 | 12.96 Bn |
| Mar 31, 2019 | 11.05 Bn |
| Dec 31, 2018 | 11.35 Bn |
| Sep 30, 2018 | 9.11 Bn |
| Jun 30, 2018 | 8.83 Bn |
| Mar 31, 2018 | 9.07 Bn |
| Dec 31, 2017 | 9.11 Bn |
| Sep 30, 2017 | -3.99 Bn |
| Jun 30, 2017 | -4.17 Bn |
| Mar 31, 2017 | 6.00 Mn |
| Dec 31, 2016 | 8.22 Bn |
| Sep 30, 2016 | 47.00 Mn |
| Jun 30, 2016 | -3.92 Bn |
| Mar 31, 2016 | 1.92 Bn |
| Dec 31, 2015 | 2.00 Bn |
| Sep 30, 2015 | 9.79 Bn |
| Jun 30, 2015 | 8.69 Bn |
| Mar 31, 2015 | 7.46 Bn |
| Dec 31, 2014 | -7.08 Bn |
| Sep 30, 2014 | 8.82 Bn |
| Jun 30, 2014 | 8.87 Bn |
| Mar 31, 2014 | 9.82 Bn |
| Dec 31, 2013 | -1.80 Bn |
| Sep 30, 2013 | 8.12 Bn |
| Jun 30, 2013 | 7.66 Bn |
| Mar 31, 2013 | 7.29 Bn |
| Dec 31, 2012 | 1.01 Bn |
| Jun 30, 2012 | 6.94 Bn |
| Mar 31, 2012 | 7.21 Bn |
| Dec 31, 2011 | -2.33 Bn |
| Sep 30, 2011 | 7.28 Bn |
| Jun 30, 2011 | 7.25 Bn |
| Mar 31, 2011 | 6.75 Bn |
| Dec 31, 2010 | -1.78 Bn |
| Sep 30, 2010 | 7.27 Bn |
| Jun 30, 2010 | 6.58 Bn |
| Mar 31, 2010 | 6.67 Bn |
| Dec 31, 2009 | 11.54 Bn |
| Sep 30, 2009 | 7.34 Bn |
| Jun 30, 2009 | 6.79 Bn |