Baxter International (BAX) Return on Capital Employed [ROCE] (2009 - 2026)
Baxter International's Return on Capital Employed [ROCE] came in at 3.28% for Q2 2026, down 2.65 percentage points from 5.93% a year earlier but up 0.19 percentage points from the prior quarter.
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Analysis
Baxter International (BAX) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Baxter International's Return on Capital Employed [ROCE] was -1.54%, down 1.61 percentage points from FY2024.
- Return on Capital Employed [ROCE] carries a five-year change of -11.79 percentage points (FY2020 to FY2025).
- Going back by year, Return on Capital Employed [ROCE] was 0.07% in FY2024 (-3.18 pp), 3.25% in FY2023 (+14.12 pp), -10.88% in FY2022 (-16.87 pp) and 5.99% in FY2021 (-4.25 pp).
- The five-year range for quarterly Return on Capital Employed [ROCE] is -13.80% (Q2 2023) to 10.63% (Q3 2021).
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in Q1 2024 (a gain of 15.43 percentage points), and the weakest in Q3 2022 (a drop of 19.91 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 242.18 Bn | 221.33 Bn | 4.88 Bn | 8.30% |
| 2 | Abbott Laboratories | 168.71 Bn | 139.79 Bn | 7.27 Bn | 7.98% |
| 3 | Danaher | 150.46 Bn | 134.27 Bn | 3.61 Bn | 6.42% |
| 4 | Intuitive Surgical | 138.71 Bn | 118.26 Bn | 1.96 Bn | 18.58% |
| 5 | Medtronic | 110.54 Bn | 76.41 Bn | 6.34 Bn | 8.34% |
| 6 | Stryker | 105.66 Bn | 91.78 Bn | 4.50 Bn | 13.69% |
| 7 | Boston Scientific | 61.74 Bn | 56.75 Bn | 3.85 Bn | 10.83% |
| 8 | Edwards Lifesciences | 49.09 Bn | 33.21 Bn | 1.35 Bn | 11.99% |
| 9 | Becton Dickinson | 48.16 Bn | 45.31 Bn | 2.32 Bn | 6.00% |
| 10 | Baxter International | 12.14 Bn | 4.25 Bn | 1.03 Bn | 3.28% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.28% |
| Mar 31, 2026 | 3.09% |
| Jun 30, 2025 | 5.93% |
| Mar 31, 2025 | 4.19% |
| 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% |
API Access
Baxter International Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=BAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "BAX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=BAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();