Baxter International (BAX) Return on Capital Employed (2009 - 2026)

Baxter International (BAX) reported Return on Capital Employed of 13.02% for Q1 2026, down 234.0% year-over-year from 9.71% in Q1 2025, and down 15.25% quarter-over-quarter from 15.36% in Q1 2025.

Baxter International (BAX) Return on Capital Employed (2009 - 2026) Analysis & Trends

Baxter International (BAX) has 18 years of Return on Capital Employed data on file, last reported at 13.02% in Q1 2026.

  • Return on Capital Employed for Q1 2026 came in at 13.02%, down 234.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 13.02% (down 234.0% YoY), and the FY2025 annual result was 1.54%, down 161.0% from the prior year.
  • Return on Capital Employed declined to 13.02% in Q1 2026 per BAX's latest filing, from 15.36% in the prior quarter.
  • Over five years, Return on Capital Employed peaked at 16.28% in Q4 2024 and troughed at 13.8% in Q2 2023.
  • A 5-year average of 2.4% and a median of 3.46% in 2022 frame the typical range for Return on Capital Employed.
  • The sharpest annual moves came in 2022 and 2024: Return on Capital Employed sank 1991 bps in 2022, then soared 2246 bps in 2024.
  • A 5-year view of Return on Capital Employed shows it stood at 11.83% in 2022, then soared by 126 bps to 3.08% in 2023, then jumped by 429 bps to 16.28% in 2024, then fell by 6 bps to 15.36% in 2025, then declined by 15 bps to 13.02% in 2026.
  • Business Quant data shows BAX's Return on Capital Employed at 13.02% in Q1 2026, 15.36% in Q1 2025, and 16.28% in Q4 2024.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Intuitive Surgical 148.09 Bn 143.69 Bn 1.83 Bn 17.54%
2 Becton Dickinson 41.00 Bn 39.99 Bn 2.15 Bn 5.02%
3 Medline 30.38 Bn 36.22 Bn 1.84 Bn -
4 Resmed 28.22 Bn 26.56 Bn 890.98 Mn 25.95%
5 West Pharmaceutical Services 23.72 Bn 23.19 Bn 296.40 Mn 18.63%
6 Solventum 13.33 Bn 13.33 Bn 1.10 Bn 19.44%
7 Cooper Companies 13.12 Bn 12.99 Bn 735.40 Mn 4.68%
8 Align Technology 12.86 Bn 11.80 Bn 736.59 Mn 12.74%
9 Baxter International 10.51 Bn 8.47 Bn 891.00 Mn 13.02%
10 Aptargroup 7.72 Bn 7.52 Bn 351.91 Mn 12.04%

Historic Data

Download Data
DateValue
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%
Sep 30, 2020 10.67%