Baxter International (BAX) Return on Invested Capital [ROIC] (2009 - 2026)
Baxter International (BAX) reported Return on Invested Capital [ROIC] of -1.44% for Q3 2026, down 3.16 percentage points from 1.72% a year earlier but up 0.32 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 -13.27% in Q2 2023 and a high of 6.01% in Q4 2021.
- Year over year, Return on Invested Capital [ROIC] has now declined in each of the last three quarters, with an average year-over-year change of -3.32 percentage points over the last four quarters.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was Q4 2023 (a gain of 14.20 percentage points); the low point was Q3 2022 (a drop of 20.26 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at -1.76% (Q2 2026), -1.93% (Q1 2026) and -1.91% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn | 8.02% |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn | 5.70% |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn | 5.83% |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn | - |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn | 11.69% |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn | 9.95% |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn | 9.94% |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn | 8.68% |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn | 4.29% |
| 10 | Baxter International | 13.66 Bn | 5.52 Bn | 994.00 Mn | -1.44% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -1.44% |
| Jun 30, 2026 | -1.76% |
| Mar 31, 2026 | -1.93% |
| Dec 31, 2025 | -1.91% |
| Sep 30, 2025 | -0.08% |
| Jun 30, 2025 | -0.14% |
| Mar 31, 2025 | -0.18% |
| Dec 31, 2024 | 0.42% |
| Sep 30, 2024 | 3.29% |
| Jun 30, 2024 | 3.56% |
| 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 | -10.00% |
| Jun 30, 2022 | 3.71% |
| Mar 31, 2022 | 3.97% |
| Dec 31, 2021 | 6.01% |
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();