BAX

Baxter International Inc.

Fundamental data last updated:June 18, 2026

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company profile

SECTOR

Healthcare

industry

Medical - Instruments & Supplies

Exchange

NYSE

County of HQ

US

Next Earnings Date

07/30/2026

Business Summary

Baxter International Inc., through its subsidiaries, develops and provides a portfolio of healthcare products worldwide. The company offers peritoneal dialysis and hemodialysis, and additional dialysis therapies and services; intravenous therapies, infusion pumps, administration sets, and drug reconstitution devices; remixed and oncology drug platforms, inhaled anesthesia and critical care products and pharmacy compounding services; parenteral nutrition therapies and related products; biological products and medical devices used in surgical procedures for hemostasis, tissue sealing and adhesion prevention; and continuous renal replacement therapies and other organ support therapies focused in the intensive care unit. It also provides connected care solutions, including devices, software, communications, and integration technologies; integrated patient monitoring and diagnostic technologies to help diagnose, treat, and manage a various illness and diseases, including respiratory therapy, cardiology, vision screening, and physical assessment; surgical video technologies, tables, lights, pendants, precision positioning devices and other accessories. In addition, the company offers contracted services to various pharmaceutical and biopharmaceutical companies. Its products are used in hospitals, kidney dialysis centers, nursing homes, rehabilitation centers, doctors' offices, and patients at home under physician supervision. The company sells its products through direct sales force, as well as through independent distributors, drug wholesalers, and specialty pharmacy or other alternate site providers in approximately 100 countries. It has an agreement with Celerity Pharmaceutical, LLC to develop acute care generic injectable premix and oncolytic molecules. Baxter International Inc. was incorporated in 1931 and is headquartered in Deerfield, Illinois.

 


VALUATION

P/E

-8.85

Market Cap ($M USD)

$9.75B

Forward P/E

8.80

PEG

0.04

PRICE TO SALES

0.86

PRICE TO BOOK

1.61

EV / EBITDA

23.41

5-Year Average P/E

Free Cash Flow Yield

7.32%

DCF Value

$-2.63

Graham Number

N/A

Price to FCF

13.65

EV to FCF

24.40

Earnings Yield

-11.30%

FCF Yield

7.32%

DIVIDEND

Yield

1.06%

Annual Payout

$0.20

Payout Ratio

-24.23%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

-$2.13

Next Year EPS Growth Estimate

$2.14

Next Year Revenue Growth Estimate

$1.19T

Return on Equity (ROE)

-16.43%

FREE CASH FLOW

Operating Margin

-2.65%

Debt-to-Equity

1.63

Piotroski F-Score

5

Altman Z-Score

2.12

Return on Invested Capital (ROIC)

-1.86%

Current Ratio

1.85

Quick Ratio

1.23

Net Debt to EBITDA

10.31

Interest Coverage

-1.09

Gross Profit margin

30.11%

FCF PER SHARE

$1.39

REVENUE PER SHARE

$21.98

Gainseekers Quantitative Analysis

Summary

Baxter International Inc. presents a perplexing valuation scenario. Despite a forward P/E of 8.39 suggesting potential undervaluation, the negative earnings yield and a dismal Altman Z-score of 2.09 raise red flags about financial stability. The market seems to be pricing the stock well below its intrinsic value, as indicated by the DCF value, yet the negative ROIC and operating margin signal operational inefficiencies. The stock’s distance from its 52-week high further underscores market skepticism. This is a company caught between potential and peril.

AI Exposure / Tech Reliance

Operating in the healthcare sector, Baxter is strategically positioned to leverage AI advancements in medical instruments and supplies. The industry’s shift towards tech-driven solutions could enhance operational efficiencies and patient outcomes. However, the company's ability to adapt will depend on its investment in innovation and tech integration.

The Bull Case

For the value-oriented investor, Baxter offers intriguing prospects. The forward PEG ratio of 0.04 is exceptionally low, suggesting the stock is undervalued relative to its growth potential. A Piotroski F-Score of 5 indicates moderate financial health, while a 2% TTM yield provides income stability. Despite a negative ROIC, the company's ability to generate free cash flow, as evidenced by a price to FCF of 13.01, hints at underlying capital efficiency.

The Bear Case

Baxter's financial structure is fraught with challenges. The negative P/E ratio and an alarming net debt to EBITDA of 10.31 highlight significant leverage concerns. With an operating margin of -2.65%, the company struggles to convert sales into profit, raising questions about management effectiveness. The stock's technical position, extended above its 50-day SMA, suggests it may be overbought, adding to the risk of a pullback.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Hold

Average Analyst Price Target

$20.00

Institutional Ownership %

1-Year Beta

0.62

Insider Buying % (6 Mo)

Distance to 52-Week High

69.75%

Distance to 52-Week Low

16.66%

EARNINGS SURPRISE %

16.13%

50-DAY SMA

$17.57

200-DAY SMA

$20.03

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.