Baxter International (BAX) Return on Invested Capital [ROIC] (2009 - 2026)
Baxter International (BAX) reported Return on Invested Capital [ROIC] of 3.42% for Q2 2026, down 0.80 percentage points from 4.22% a year earlier but up 0.62 percentage points from the prior quarter.
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Analysis
Baxter International (BAX) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Baxter International posted Return on Invested Capital [ROIC] of -1.72%, down 1.79 percentage points from FY2024.
- Return on Invested Capital [ROIC] has a five-year change of -11.58 percentage points (FY2020 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at 0.07% in FY2024 (-2.30 pp), 2.36% in FY2023 (+13.42 pp), -11.06% in FY2022 (-17.05 pp) and 5.99% in FY2021 (-3.86 pp).
- Five-year quarterly Return on Invested Capital [ROIC] spans a low of -15.20% in Q3 2022 and a high of 16.50% in Q3 2021.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was Q3 2023 (a gain of 14.57 percentage points); the low point was Q3 2022 (a drop of 31.70 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 242.18 Bn | 221.33 Bn | 4.88 Bn | 7.89% |
| 2 | Abbott Laboratories | 168.71 Bn | 139.79 Bn | 7.27 Bn | 6.20% |
| 3 | Danaher | 150.46 Bn | 134.27 Bn | 3.61 Bn | 5.71% |
| 4 | Intuitive Surgical | 138.71 Bn | 118.26 Bn | 1.96 Bn | - |
| 5 | Medtronic | 110.54 Bn | 76.41 Bn | 6.34 Bn | 6.90% |
| 6 | Stryker | 105.66 Bn | 91.78 Bn | 4.50 Bn | 10.46% |
| 7 | Boston Scientific | 61.74 Bn | 56.75 Bn | 3.85 Bn | 10.53% |
| 8 | Edwards Lifesciences | 49.09 Bn | 33.21 Bn | 1.35 Bn | 8.99% |
| 9 | Becton Dickinson | 48.16 Bn | 45.31 Bn | 2.32 Bn | 5.27% |
| 10 | Baxter International | 12.14 Bn | 4.25 Bn | 1.03 Bn | 3.42% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.42% |
| Mar 31, 2026 | 2.80% |
| Jun 30, 2025 | 4.22% |
| Mar 31, 2025 | 4.10% |
| Mar 31, 2024 | 2.21% |
| Dec 31, 2023 | 2.26% |
| Sep 30, 2023 | -0.63% |
| Jun 30, 2023 | -13.27% |
| Mar 31, 2023 | -11.98% |
| Dec 31, 2022 | -11.94% |
| Sep 30, 2022 | -15.20% |
| Jun 30, 2022 | 10.22% |
| Mar 31, 2022 | 5.80% |
| Dec 31, 2021 | 6.92% |
| Sep 30, 2021 | 16.50% |
| Jun 30, 2021 | 15.62% |
| Mar 31, 2021 | 11.42% |
| Dec 31, 2020 | 11.45% |
| Sep 30, 2020 | 19.61% |
| Jun 30, 2020 | 21.25% |
API Access
Baxter International Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=BAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=BAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();