Baxter International (BAX) Return on Capital Employed (2009 - 2026)
Baxter International (BAX) posted quarterly Return on Capital Employed of 3.28% for Q2 2026, down 901.0% year-over-year from 0.41% in Q2 2025, and down 58.16% quarter-over-quarter from 7.84% in Q1 2026.
Baxter International (BAX) Return on Capital Employed (2009 - 2026) Analysis & Trends
Baxter International (BAX) has reported Return on Capital Employed for 18 consecutive years, with 3.28% the latest figure, recorded in Q2 2026.
- In Q2 2026, Return on Capital Employed fell 901.0% year-over-year to 3.28%; the TTM figure through Jun 2026 stood at 3.28% (down 901.0% YoY), while the FY2025 annual figure was 1.54%, down 161.0% from the prior year.
- Return on Capital Employed eased to 3.28% in Q2 2026 per BAX's latest filing, from 7.84% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 16.28% in Q4 2024 and bottomed at 13.8% in Q2 2023.
- Historically, Return on Capital Employed has averaged 2.75% across 5 years, with a median of 3.46% in 2022.
- Annual changes were most pronounced in 2022 — Return on Capital Employed sank 1991 bps — and 2024, when it soared 2246 bps.
- Baxter International's Return on Capital Employed stood at 11.83% in 2022, then jumped by 126 bps to 3.08% in 2023, then surged by 429 bps to 16.28% in 2024, then fell by 25 bps to 12.29% in 2025, then slumped by 73 bps to 3.28% in 2026.
- Business Quant data shows BAX's Return on Capital Employed at 3.28% in Q2 2026, 7.84% in Q1 2026, and 12.29% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 134.85 Bn | 129.64 Bn | 1.96 Bn | 18.58% |
| 2 | Becton Dickinson | 52.47 Bn | 51.60 Bn | 2.32 Bn | 6.00% |
| 3 | Alcon | 35.76 Bn | 34.40 Bn | 1.68 Bn | 28.11% |
| 4 | Resmed | 33.91 Bn | 32.44 Bn | 861.22 Mn | 25.22% |
| 5 | Medline | 29.29 Bn | 26.62 Bn | 2.22 Bn | 5.57% |
| 6 | West Pharmaceutical Services | 24.94 Bn | 24.51 Bn | 329.20 Mn | 19.71% |
| 7 | Solventum | 15.34 Bn | 14.94 Bn | 1.29 Bn | 19.76% |
| 8 | Cooper Companies | 14.86 Bn | 14.72 Bn | 735.40 Mn | 4.68% |
| 9 | Baxter International | 13.62 Bn | 11.47 Bn | 1.03 Bn | 3.28% |
| 10 | Align Technology | 11.49 Bn | 10.39 Bn | 757.43 Mn | 12.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.28% |
| Mar 31, 2026 | 13.02% |
| Mar 31, 2025 | 15.36% |
| Dec 31, 2024 | 16.28% |
| Sep 30, 2024 | 14.28% |
| Jun 30, 2024 | 8.67% |
| Mar 31, 2024 | 3.53% |
| Dec 31, 2023 | 3.08% |
| Sep 30, 2023 | -1.09% |
| Jun 30, 2023 | -13.80% |
| Mar 31, 2023 | -11.90% |
| Dec 31, 2022 | -11.83% |
| Sep 30, 2022 | -9.28% |
| Jun 30, 2022 | 3.40% |
| Mar 31, 2022 | 3.84% |
| Dec 31, 2021 | 6.02% |
| Sep 30, 2021 | 10.63% |
| Jun 30, 2021 | 10.41% |
| Mar 31, 2021 | 9.65% |
| Dec 31, 2020 | 9.66% |