Baxter International (BAX) Other Working Capital Changes (2020 - 2026)
Baxter International (BAX) posted quarterly Other Working Capital Changes of $18.0 million for Q2 2026, up 80.0% year-over-year from $10.0 million in Q2 2025, and up 238.46% quarter-over-quarter from -$13.0 million in Q1 2026.
Baxter International (BAX) Other Working Capital Changes (2020 - 2026) Analysis & Trends
Baxter International (BAX) has reported Other Working Capital Changes for 18 consecutive years, with $18.0 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Other Working Capital Changes rose 80.0% year-over-year to $18.0 million; the TTM figure through Jun 2026 stood at -$35.0 million (up 22.22% YoY), while the FY2025 annual figure was -$81.0 million, down 161.29% from the prior year.
- Other Working Capital Changes improved to $18.0 million in Q2 2026 per BAX's latest filing, from -$13.0 million in the prior quarter.
- Across five years, Other Working Capital Changes topped out at $64.0 million in Q4 2024 and bottomed at -$104.0 million in Q4 2025.
- Historically, Other Working Capital Changes has averaged $3.4 million across 5 years, with a median of $10.5 million in 2022.
- Annual changes were most pronounced in 2022 — Other Working Capital Changes slumped 4400.0% — and 2023, when it soared 733.33%.
- Baxter International's Other Working Capital Changes stood at $6.0 million in 2022, then jumped by 733.33% to $50.0 million in 2023, then slipped by 20.0% to $40.0 million in 2024, then tumbled by 135.0% to -$14.0 million in 2025, then surged by 228.57% to $18.0 million in 2026.
- Business Quant data shows BAX's Other Working Capital Changes at $18.0 million in Q2 2026, -$13.0 million in Q1 2026, and -$14.0 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Intuitive Surgical | 132.71 Bn | 127.50 Bn | 1.96 Bn |
| 2 | Becton Dickinson | 51.57 Bn | 50.71 Bn | 2.32 Bn |
| 3 | Alcon | 35.52 Bn | 34.17 Bn | 1.68 Bn |
| 4 | Resmed | 33.28 Bn | 31.81 Bn | 861.22 Mn |
| 5 | Medline | 27.86 Bn | 25.18 Bn | 2.22 Bn |
| 6 | West Pharmaceutical Services | 25.15 Bn | 24.71 Bn | 329.20 Mn |
| 7 | Solventum | 15.31 Bn | 14.91 Bn | 1.29 Bn |
| 8 | Cooper Companies | 14.86 Bn | 14.72 Bn | 735.40 Mn |
| 9 | Baxter International | 13.63 Bn | 11.48 Bn | 1.03 Bn |
| 10 | Align Technology | 11.37 Bn | 10.27 Bn | 757.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -79.00 Mn |
| Jun 30, 2026 | -79.00 Mn |
| Jun 30, 2026 | -79.00 Mn |
| Mar 31, 2026 | -2.00 Mn |
| Mar 31, 2026 | -2.00 Mn |
| Mar 31, 2026 | -2.00 Mn |
| Dec 31, 2025 | -104.00 Mn |
| Dec 31, 2025 | -104.00 Mn |
| Dec 31, 2025 | -104.00 Mn |
| Sep 30, 2025 | 42.00 Mn |
| Sep 30, 2025 | 42.00 Mn |
| Sep 30, 2025 | 42.00 Mn |
| Jun 30, 2025 | -34.00 Mn |
| Jun 30, 2025 | -34.00 Mn |
| Jun 30, 2025 | -34.00 Mn |
| Mar 31, 2025 | 24.00 Mn |
| Mar 31, 2025 | 24.00 Mn |
| Mar 31, 2025 | 24.00 Mn |
| Dec 31, 2024 | 64.00 Mn |
| Dec 31, 2024 | 64.00 Mn |