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| 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% |