Stocktoria
BAXTER INTERNATIONAL INC BAX
BAXTER INTERNATIONAL INC financials (annual)
Bars are annual figures from 2016 to 2025; red bars are negative (a loss or cash outflow).
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.2B | $10.6B | $10.4B | $10.1B | $12.1B | $11.7B | $11.4B | $11.1B | $10.6B | $10.2B |
| Gross profit | $3.4B | $4.0B | $4.2B | $3.5B | $4.7B | $4.6B | $4.8B | $4.8B | $4.5B | $4.1B |
| R&D expense | $518.0M | $590.0M | $518.0M | $450.0M | $531.0M | $521.0M | $595.0M | $654.0M | $615.0M | $646.0M |
| SG&A expense | $2.9B | $3.0B | $3.0B | $3.1B | $2.8B | $2.5B | $2.5B | $2.6B | $2.6B | $2.7B |
| Operating income | -$308.0M | $14.0M | $707.0M | -$2.8B | $1.4B | $1.6B | $1.8B | $1.6B | $1.3B | $745.0M |
| Interest expense | $290.0M | $408.0M | $508.0M | $413.0M | $207.0M | $153.0M | $111.0M | $93.0M | $85.0M | $89.0M |
| Income tax | $395.0M | $37.0M | $61.0M | -$135.0M | $83.0M | $182.0M | -$41.0M | $65.0M | $491.0M | -$12.0M |
| Net income | -$957.0M | -$649.0M | $2.7B | -$2.4B | $1.3B | $1.1B | $1.0B | $1.5B | $602.0M | $5.0B |
| EPS (diluted) | $-1.87 | $-1.27 | $5.23 | $-4.83 | $2.53 | $2.13 | $1.93 | $2.83 | $1.08 | $9.01 |
| Operating cash flow | $951.0M | $1.0B | $1.7B | $1.2B | $2.2B | $1.9B | $2.1B | $2.0B | $1.7B | $1.7B |
| Cash & equivalents | $2.0B | $1.8B | $3.1B | $1.6B | $3.0B | $3.7B | $3.3B | $1.8B | $3.4B | $2.8B |
| Inventory | $2.2B | $2.0B | $1.9B | $2.7B | $2.5B | $1.9B | $1.7B | $1.7B | $1.5B | $1.4B |
| Total assets | $20.1B | $25.8B | $28.3B | $28.3B | $33.5B | $20.0B | $18.2B | $15.7B | $17.1B | $15.5B |
| Total liabilities | $14.0B | $18.8B | $19.8B | $22.4B | $24.4B | $11.3B | $10.3B | $7.9B | $8.0B | — |
| Shareholders' equity | $6.1B | $7.0B | $8.5B | $5.9B | $9.1B | $8.7B | $7.9B | $7.9B | $9.1B | $8.3B |
Growth · year-over-year · Revenue CAGR 1.1%
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth | +5.7% | +2.7% | +3.0% | -17.2% | +4.1% | +2.7% | +2.4% | +4.9% | +4.1% | +2.0% |
| Net income growth | — | -124.4% | — | -289.5% | +16.5% | +10.1% | -35.3% | +156.8% | -87.9% | +412.9% |
| EPS growth | — | -124.3% | — | -290.9% | +18.8% | +10.4% | -31.8% | +162.0% | -88.0% | +411.9% |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.