Baxter International (BAX) Return on Equity [ROE] (2009 - 2026)
Baxter International's Return on Equity [ROE] came in at -11.40% for Q3 2026, down 6.73 percentage points from -4.67% a year earlier but up 6.03 percentage points from the prior quarter.
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Analysis
Baxter International (BAX) Return on Equity [ROE] (2009 - 2026) Analysis & Trends
For FY2025, Baxter International's Return on Equity [ROE] was -14.55%, down 6.32 percentage points from FY2024.
- Return on Equity [ROE] carries a five-year change of -27.89 percentage points (FY2020 to FY2025).
- Going back by year, Return on Equity [ROE] was -8.24% in FY2024 (-45.32 pp), 37.08% in FY2023 (+69.33 pp), -32.25% in FY2022 (-46.76 pp) and 14.51% in FY2021 (+1.17 pp).
- The five-year range for quarterly Return on Equity [ROE] is -49.14% (Q2 2023) to 37.72% (Q3 2023).
- Year-over-year, Return on Equity [ROE] has declined for nine consecutive quarters, with an average year-over-year change of -19.72 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Equity [ROE] over five years came in Q2 2024 (a gain of 80.31 percentage points), and the weakest in Q2 2023 (a drop of 60.48 percentage points).
- Business Quant data shows BAX's Return on Equity [ROE] at -17.43% (Q2 2026), -18.08% (Q1 2026) and -14.34% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn | 13.20% |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn | 9.09% |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn | 8.15% |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn | 17.28% |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn | 17.46% |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn | -4.01% |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn | 13.69% |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn | 9.36% |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn | 4.56% |
| 10 | Baxter International | 13.66 Bn | 5.52 Bn | 994.00 Mn | -11.40% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -11.40% |
| Jun 30, 2026 | -17.43% |
| Mar 31, 2026 | -18.08% |
| Dec 31, 2025 | -14.34% |
| Sep 30, 2025 | -4.67% |
| Jun 30, 2025 | -2.08% |
| Mar 31, 2025 | -7.83% |
| Dec 31, 2024 | -8.53% |
| Sep 30, 2024 | 1.51% |
| Jun 30, 2024 | 31.17% |
| Mar 31, 2024 | 31.81% |
| Dec 31, 2023 | 32.02% |
| Sep 30, 2023 | 37.72% |
| Jun 30, 2023 | -49.14% |
| Mar 31, 2023 | -41.38% |
| Dec 31, 2022 | -42.20% |
| Sep 30, 2022 | -32.65% |
| Jun 30, 2022 | 11.34% |
| Mar 31, 2022 | 11.71% |
| Dec 31, 2021 | 14.44% |
API Access
Baxter International Return on Equity [ROE] 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-equity-%5Broe%5D&ticker=BAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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-equity-%5Broe%5D&ticker=BAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();