Stock · BAX · Healthcare

Baxter International Inc

United States · Large Cap · listed since 1981 · Revenue 12 mo. $11.6B

Price as of 11/06/2026

StockScorer score
0.9
of 10 1 of 11 points Low Match To the score
Price
$25.79
1 Y +33.8%
Market cap
$13.3B

Baxter International Inc., through its subsidiaries, provides a portfolio of healthcare products in the United States.

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Baxter International Inc., through its subsidiaries, provides a portfolio of healthcare products in the United States. The company operates through three segments: Medical Products & Therapies, Healthcare Systems & Technologies, and Pharmaceuticals. It offers sterile intravenous (IV) solutions; infusion systems and devices; parenteral nutrition therapies; inhaled anesthetics; generic injectable pharmaceuticals; surgical hemostat and sealant products; advanced surgical equipment; smart bed systems; patient monitoring and diagnostic technologies; and respiratory health devices, as well as advanced equipment for the surgical space comprising operating room integration technologies, precision positioning devices, and other accessories. The company also provides specialty injectable pharmaceuticals, inhaled anesthetics, and drug compounding services. Its products are used in hospitals, nursing homes, rehabilitation centers, ambulatory surgery centers, doctors' offices, kidney dialysis centers, and patients at home under physician supervision. The company sells its products through direct sales force, independent distributors, drug wholesalers, and specialty pharmacy or other alternate site providers. It operates in Eastern Europe, the Middle East, Africa, Latin America, Asia, Western Europe, Canada, Japan, Australia, and New Zealand. Baxter International Inc. was incorporated in 1931 and is headquartered in Deerfield, Illinois.

Original text from the data provider

Summary

Baxter International Inc is below the middle of the Healthcare sector overall

32.4 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 18.2% FCF growth a year, more than achieved over the last 5 and 10 years.

If free cash flow stays at €289.9M (2025), it supports €3.2B. The remaining €8.7B of the market value assume it grows 18.2% a year for 10 years and not at all afterwards.

Required FCF growth per year

18.2%

no growth afterwards

Market value breakdown€11.9B market value, price as of 11/06/2026

€3.2B without growth
€8.7B priced-in growth
  • 5 yrs achieved −11.8%
  • 10 yrs achieved −3.5%
  • priced in 18.2%

Valuation against its own history

Price to operating cash flow 8.2×, below its usual range.

Middle half of 20 quarters: 11.7× to 18.7×, median 15.1×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

1 sign supports the expectation, 3 speak against it.

What supports it

with respect to the priced-in expectation

  • Steady FCF margin at least 2.9%, range 9.6 pp (10 years)

What speaks against it

with respect to the priced-in expectation

  • Expectation above the company's own record priced in 18.2%, achieved at most −3.5%
  • Loss over the last twelve months net income −€858.8M
  • Volatile earnings 6 drops or sign changes in up to 10 years

Since the last quarter

Q2 → Q3 2026

Mostly better than the previous quarter: 3 of 3 changes for the better.

  • FCF, 12 mo.$678.0M → $1.0B+47.5%better
  • FCF margin5.9% → 8.6%+2.7 ppbetter
  • Return on equity−17.1% → −11.1%+6.0 ppbetter

5 more unchanged: Revenue, 12 mo., Gross margin, EBIT margin, Net debt, Shares outstanding

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability9.9below the middleEarns less than the sector: EBIT margin −2.74%, sector 18.31%.
MetricStockSector medianPosition in sector
Return on equity−15.61%11.52%Rank 8
Return on capital (Greenblatt)−4.35%32.55%Rank 7
EBIT margin−2.74%18.31%Rank 5
FCF margin2.87%14.12%Rank 13
Gross margin30.05%60.99%Rank 17
Growth47.5around the middleGrows about as fast as the sector.
MetricStockSector medianPosition in sector
Revenue growth, 1 year5.72%8.04%Rank 38
Earnings growth, 3 years per yeardoes not count towards the rank–5.44%
Earnings growth, 5 years per yeardoes not count towards the rank–7.00%
Sustainable growth (ROE × retained earnings)4.64%3.66%Rank 57
Valuation36.6below the middleValued higher than the sector: Earnings yield −7.23%, sector 2.90%.
MetricStockSector medianPosition in sector
Earnings yield−7.23%2.90%Rank 1
FCF yield2.44%3.63%Rank 30
EV/saleslower is better1.894.03Rank 80
EV/EBITlower is betterdoes not count towards the rank–21.73
Momentum53.8around the middleShare price moving about like the sector.
MetricStockSector medianPosition in sector
Share price, 1 year33.83%8.66%Rank 79
Share price, 6 months43.84%24.27%Rank 81
Share price, 3 months−1.26%15.42%Rank 12
Distance from 52-week high−9.03%−7.35%Rank 43
Quality33.4below the middleQuality below the sector: Price reaction to results, market-adjusted −7.65%, sector 0.05%.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better−20.26%0.30%Rank 98
Change in share countlower is better0.59%0.00%Rank 19
Dividend streak in years010Rank 13
Price reaction to results, market-adjusted−7.65%0.05%Rank 4
Balance sheet & risk12.9below the middleMore risk than the sector: Net debt/EBITDA 10.49, sector 1.11.
MetricStockSector medianPosition in sector
Equity ratio30.56%48.40%Rank 20
Net debt/EBITDAlower is better10.491.11Rank 1
Debt to equitylower is better1.630.48Rank 10
Volatility, 1 yearlower is better42.15%31.42%Rank 20

Ten years in figures

Revenue from $10.2B (2016) to $11.2B (2025), 1.1% a year.

Fiscal years, amounts in USD
YearRevenue, $BEBIT marginFCFSharesNet debt
201610.27.3%$935.0M551M−$19.0M
201710.612.2%$1.1B555M$118.0M
201811.114.3%$1.4B546M$1.6B
201911.415.6%$1.4B519M$2.6B
202011.713.8%$1.2B517M$3.1B
202112.111.1%$1.5B508M$15.4B
202210.1−28.3%$532.0M504M$15.5B
202310.46.8%$1.3B506M$11.0B
202410.60.1%$559.0M510M$11.7B
202511.2−2.7%$323.0M513M$8.0B
0.9 / 10Low MatchStockScorer score1 of 11 points

1 of 7 StockScorer Score rules met · How the score is built

Baxter International Inc mainly meets criteria in the Momentum category. Result from 18 strategies checked.

This stock · Profitability: 0%This stock · Growth: 0%This stock · Valuation: 0%This stock · Momentum: 100%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Baxter International Inc's score is built

Baxter International Inc is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

1 of 7 rules met

1 of 11 points

  1. Free cash flow yield above the sector mediannot met0 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector mediannot met0 of 2 points
  3. Return on equity above the sector mediannot met0 of 1 point
  4. Free cash flow margin above the sector mediannot met0 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.no data0 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketmet1 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does Baxter International Inc stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • StockScorer Score
  • Undervalued Stocks: Multi-Factor Check
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Moat Quality
  • Defensive: Low Volatility
  • Dividend Aristocrats & Continuity
  • Dividend Quality: 4 Factors
  • Balanced GARP
  • High-Growth / Rule of 40
  • Levermann Strategy (13 Criteria)
  • Magic Formula: Value + Quality
  • PEG Strategy (inspired by Peter Lynch)

Baxter International Inc key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Baxter International Inc.

MetricStockSector
P/E ratio−11.930.0
P/B ratio2.24.8
Return on equity (ROE)−15.6%11.5%
Equity ratio30.6%48.4%
Debt-to-equity (D/E)1.630.48
Dividend yield0.2%1.3%

Similar stocks in Healthcare

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
BAXBaxter International Incthis page
RGENRepligen Corporationlocked
COOThe Cooper Companies, IncLow1.8
ALGNAlign Technology IncLow1.8
SOLVSolventum Corp.locked
WSTWest Pharmaceutical Services Inclocked

Frequently asked questions about Baxter International Inc stock

How does Baxter International Inc stock (BAX) score in the StockScorer model?
Baxter International Inc stock reaches a StockScorer score of 0.9 out of 10, which is a low match with the rule-based strategies. 1 out of 7 flagship profile rules are met.
What is Baxter International Inc's P/E ratio?
Baxter International Inc's P/E ratio is -11.9. The Healthcare sector median is 30.0.
What sector is Baxter International Inc in?
Baxter International Inc is assigned to the Healthcare sector. Its rank within the sector is 32.4 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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