Baxter International BAX
NYSE BAX
$26.34 -0.07 (-0.27%)
At close: Aug 21, 2026 · 4:00 PM EDT

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

Baxter International (BAX) posted quarterly Invested Capital of $844.0 million for Q2 2026, up 13966.67% year-over-year from N/an in Q2 2025, and little changed quarter-over-quarter from $842.0 million in Q1 2026.

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

Baxter International (BAX) has reported Invested Capital for 18 consecutive years, with $844.0 million the latest figure, recorded in Q2 2026.

  • In Q2 2026, Invested Capital rose 13966.67% year-over-year to $844.0 million; the TTM figure through Jun 2026 stood at $2.4 billion (down 53.82% YoY), while the FY2025 annual figure was $2.0 million, down 99.91% from the prior year.
  • Invested Capital steadied at $844.0 million in Q2 2026 per BAX's latest filing, from $842.0 million in the prior quarter.
  • Across five years, Invested Capital topped out at $17.0 billion in Q1 2022 and bottomed at $2.0 million in Q4 2025.
  • Historically, Invested Capital has averaged $3.9 billion across 5 years, with a median of $1.9 billion in 2023.
  • Annual changes were most pronounced in 2025 — Invested Capital tumbled 99.91% — and 2026, when it jumped 13966.67%.
  • Baxter International's Invested Capital stood at $16.3 billion in 2022, then slumped by 83.68% to $2.7 billion in 2023, then dropped by 20.28% to $2.1 billion in 2024, then sank by 99.91% to $2.0 million in 2025, then soared by 42100.0% to $844.0 million in 2026.
  • Business Quant data shows BAX's Invested Capital at $844.0 million in Q2 2026, $842.0 million in Q1 2026, and $2.0 million in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Intuitive Surgical 134.13 Bn 128.91 Bn 1.96 Bn -
2 Becton Dickinson 52.76 Bn 51.90 Bn 2.32 Bn 3.30 Bn
3 Alcon 35.81 Bn 34.46 Bn 1.68 Bn 4.72 Bn
4 Resmed 33.72 Bn 32.25 Bn 861.22 Mn 259.95 Mn
5 Medline 29.38 Bn 26.70 Bn 2.22 Bn 29.00 Mn
6 West Pharmaceutical Services 25.00 Bn 24.57 Bn 329.20 Mn -
7 Solventum 15.46 Bn 15.06 Bn 1.29 Bn 209.00 Mn
8 Cooper Companies 14.88 Bn 14.74 Bn 735.40 Mn 598.90 Mn
9 Baxter International 13.58 Bn 11.43 Bn 1.03 Bn 844.00 Mn
10 Align Technology 11.61 Bn 10.51 Bn 757.43 Mn -

Historic Data

Download Data
DateValue
Jun 30, 2026 844.00 Mn
Mar 31, 2026 842.00 Mn
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