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
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%