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
DateValue
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