Baxter International (BAX) Net Margin (2009 - 2026)
Baxter International (BAX) posted quarterly Net Margin of 0.3% for Q2 2026, up 80.0% year-over-year from 0.17% in Q2 2025, and down 510.62% quarter-over-quarter from 0.07% in Q1 2026.
Baxter International (BAX) Net Margin (2009 - 2026) Analysis & Trends
Baxter International (BAX) has reported Net Margin for 18 consecutive years, with 0.3% the latest figure, recorded in Q2 2026.
- In Q2 2026, Net Margin rose 80.0% year-over-year to 0.3%; the TTM figure through Jun 2026 stood at 0.86% (down 170.0% YoY), while the FY2025 annual figure was 0.51%, up 243.0% from the prior year.
- Net Margin retreated to 0.3% in Q2 2026 per BAX's latest filing, from 0.07% in the prior quarter.
- Across five years, Net Margin topped out at 95.19% in Q3 2023 and bottomed at 15.07% in Q2 2024.
- Historically, Net Margin has averaged 5.73% across 5 years, with a median of 1.21% in 2024.
- Annual changes were most pronounced in 2023 — Net Margin surged 9361 bps — and 2024, when it slumped 9212 bps.
- Baxter International's Net Margin stood at 1.09% in 2022, then dropped by 10 bps to 0.99% in 2023, then plunged by 181 bps to 0.8% in 2024, then tumbled by 38 bps to 1.1% in 2025, then surged by 72 bps to 0.3% in 2026.
- Business Quant data shows BAX's Net Margin at 0.3% in Q2 2026, 0.07% in Q1 2026, and 1.1% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 132.71 Bn | 127.50 Bn | 1.96 Bn | 28.46% |
| 2 | Becton Dickinson | 51.57 Bn | 50.71 Bn | 2.32 Bn | 7.59% |
| 3 | Alcon | 35.52 Bn | 34.17 Bn | 1.68 Bn | - |
| 4 | Resmed | 33.28 Bn | 31.81 Bn | 861.22 Mn | 26.20% |
| 5 | Medline | 27.86 Bn | 25.18 Bn | 2.22 Bn | 1.81% |
| 6 | West Pharmaceutical Services | 25.15 Bn | 24.71 Bn | 329.20 Mn | 16.96% |
| 7 | Solventum | 15.31 Bn | 14.91 Bn | 1.29 Bn | 4.21% |
| 8 | Cooper Companies | 14.86 Bn | 14.72 Bn | 735.40 Mn | -7.20% |
| 9 | Baxter International | 13.63 Bn | 11.48 Bn | 1.03 Bn | 4.26% |
| 10 | Align Technology | 11.37 Bn | 10.27 Bn | 757.43 Mn | 10.25% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -0.30% |
| Mar 31, 2026 | 0.07% |
| Mar 31, 2025 | 2.36% |
| Dec 31, 2024 | -0.80% |
| Sep 30, 2024 | 3.08% |
| Jun 30, 2024 | -15.07% |
| Mar 31, 2024 | 1.33% |
| Dec 31, 2023 | 0.99% |
| Sep 30, 2023 | 95.19% |
| Jun 30, 2023 | -4.32% |
| Mar 31, 2023 | 3.81% |
| Dec 31, 2022 | 1.09% |
| Sep 30, 2022 | 1.58% |
| Jun 30, 2022 | 1.95% |
| Mar 31, 2022 | 1.83% |
| Dec 31, 2021 | -0.70% |
| Sep 30, 2021 | 14.01% |
| Jun 30, 2021 | 9.72% |
| Mar 31, 2021 | 10.18% |
| Dec 31, 2020 | 5.38% |