Baxter International (BAX) Return on Capital Employed (2009 - 2026)
Baxter International's (BAX) quarterly Return on Capital Employed came in at 13.02% in Q1 2026, down 234.0% year-on-year from 9.71% in Q1 2025, and down 15.25% on a QoQ basis 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.
- On a quarterly basis, Return on Capital Employed fell 234.0% year-over-year to 13.02% in Q1 2026; TTM through Mar 2026 was 13.02%, a 234.0% decrease from a year earlier, with the FY2025 full-year figure at 1.54%, down 161.0% from the prior year.
- Return on Capital Employed for Q1 2026 stood at 13.02%, down from 15.36% in the prior quarter.
- Over the last five years, Return on Capital Employed for BAX reached as high as 16.28% in Q4 2024 and fell as low as 13.8% in Q2 2023.
- Historically, Return on Capital Employed has averaged 2.4% across 5 years, with a median of 3.46% in 2022.
- Across the five-year window, Return on Capital Employed tumbled 1991 bps in 2022 and jumped 2246 bps in 2024, its largest moves.
- Year by year, Return on Capital Employed 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 slipped by 6 bps to 15.36% in 2025, then decreased by 15 bps to 13.02% in 2026.
- Per Business Quant data, the three most recent Return on Capital Employed figures were 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 | Alcon | 32,734,969.19 Bn | 32,734,967.53 Bn | 1.53 Bn | 28.56% |
| 2 | Intuitive Surgical | 117.50 Bn | 112.41 Bn | 1.96 Bn | 18.58% |
| 3 | Becton Dickinson | 42.93 Bn | 42.11 Bn | 2.15 Bn | 5.02% |
| 4 | Medline | 30.82 Bn | 36.66 Bn | 1.84 Bn | - |
| 5 | Resmed | 27.90 Bn | 26.23 Bn | 890.98 Mn | 25.95% |
| 6 | West Pharmaceutical Services | 26.76 Bn | 26.23 Bn | 329.20 Mn | 19.71% |
| 7 | Cooper Companies | 15.30 Bn | 15.16 Bn | 735.40 Mn | 4.68% |
| 8 | Solventum | 13.46 Bn | 12.90 Bn | 1.10 Bn | 19.44% |
| 9 | Align Technology | 12.02 Bn | 10.96 Bn | 736.59 Mn | 12.74% |
| 10 | Baxter International | 11.17 Bn | 9.12 Bn | 891.00 Mn | 13.02% |
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% |