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% on a QoQ basis from 15.36% in Q1 2025.
Baxter International (BAX) has 18 years of Return on Capital Employed data on file, last reported at 13.02% in Q1 2026.
- Quarterly Return on Capital Employed fell 234.0% year-over-year to 13.02% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 13.02% (down 234.0% YoY) and the FY2025 annual result came in at 1.54%, down 161.0% from the prior year.
- Return on Capital Employed fell to 13.02% in Q1 2026 per BAX's latest filing, from 15.36% 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.
- The 5-year median for Return on Capital Employed is 3.46% (2022), against an average of 2.4%.
- The widest annual swing landed in 2022, when Return on Capital Employed tumbled 1991 bps; it then jumped 2246 bps in 2024.
- Tracing BAX's Return on Capital Employed over 5 years: 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 dropped by 6 bps to 15.36% in 2025, then slipped by 15 bps to 13.02% in 2026.
- Per Business Quant, the three latest BAX Return on Capital Employed figures stand at 13.02% (Q1 2026), 15.36% (Q1 2025), and 16.28% (Q4 2024).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 156.17 Bn | 151.78 Bn | 1.83 Bn | 17.54% |
| 2 | Becton Dickinson | 41.51 Bn | 40.49 Bn | 2.15 Bn | 5.02% |
| 3 | Resmed | 30.43 Bn | 28.77 Bn | 890.98 Mn | 25.95% |
| 4 | West Pharmaceutical Services | 22.78 Bn | 22.26 Bn | 296.40 Mn | 18.63% |
| 5 | Solventum | 13.39 Bn | 13.39 Bn | 1.10 Bn | 19.44% |
| 6 | Cooper Companies | 12.33 Bn | 12.20 Bn | 695.20 Mn | 6.60% |
| 7 | Align Technology | 11.65 Bn | 10.59 Bn | 736.59 Mn | 12.74% |
| 8 | Baxter International | 9.81 Bn | 7.77 Bn | 891.00 Mn | 13.02% |
| 9 | Aptargroup | 7.39 Bn | 7.19 Bn | 351.91 Mn | 12.04% |
| 10 | Repligen | 6.39 Bn | 5.41 Bn | 108.28 Mn | 2.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2020 | 10.85% |
| Mar 31, 2020 | 11.53% |
| Dec 31, 2019 | 12.21% |
| Sep 30, 2019 | 11.00% |
| Jun 30, 2019 | 10.52% |
| Mar 31, 2019 | 12.07% |
| Dec 31, 2018 | 11.78% |
| Sep 30, 2018 | 10.58% |
| Jun 30, 2018 | 9.93% |
| Mar 31, 2018 | 9.52% |
| Dec 31, 2017 | 8.88% |
| Sep 30, 2017 | 15.71% |
| Jun 30, 2017 | 15.84% |
| Mar 31, 2017 | 14.43% |
| Dec 31, 2016 | 13.41% |
| Sep 30, 2016 | 4.67% |
| Jun 30, 2016 | 4.06% |
| Mar 31, 2016 | 3.55% |
| Dec 31, 2015 | 3.03% |
| Sep 30, 2015 | 2.42% |
| Jun 30, 2015 | 2.78% |
| Mar 31, 2015 | 2.91% |
| Dec 31, 2014 | 1.73% |
| Sep 30, 2014 | 8.23% |
| Jun 30, 2014 | 11.41% |
| Mar 31, 2014 | 15.01% |
| Dec 31, 2013 | 19.63% |
| Sep 30, 2013 | 16.15% |
| Jun 30, 2013 | 18.96% |
| Mar 31, 2013 | 23.18% |
| Jun 30, 2012 | 24.39% |
| Mar 31, 2012 | 29.38% |
| Dec 31, 2011 | 35.88% |
| Sep 30, 2011 | 36.77% |
| Jun 30, 2011 | 37.26% |
| Mar 31, 2011 | 28.83% |
| Dec 31, 2010 | 17.56% |
| Sep 30, 2010 | 18.29% |
| Jun 30, 2010 | 18.02% |
| Mar 31, 2010 | 18.07% |
| Dec 31, 2009 | 22.67% |
| Sep 30, 2009 | 22.10% |