BAXTER INTERNATIONAL INC (BAX) Stock Fundamental Analysis

NYSE:BAX • US0718131099

21.58 USD
+0.24 (+1.12%)
At close: Feb 20, 2026
21.83 USD
+0.25 (+1.16%)
After Hours: 2/20/2026, 8:18:10 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

BAX gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 185 industry peers in the Health Care Equipment & Supplies industry. BAX has a bad profitability rating. Also its financial health evaluation is rather negative. BAX is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • BAX had positive earnings in the past year.
  • BAX had a positive operating cash flow in the past year.
  • In multiple years BAX reported negative net income over the last 5 years.
  • Of the past 5 years BAX 4 years had a positive operating cash flow.
BAX Yearly Net Income VS EBIT VS OCF VS FCFBAX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B

1.2 Ratios

  • BAX has a Return On Assets of -1.62%. This is in the better half of the industry: BAX outperforms 70.27% of its industry peers.
  • BAX has a Return On Equity of -4.71%. This is in the better half of the industry: BAX outperforms 70.81% of its industry peers.
  • BAX has a better Return On Invested Capital (3.05%) than 70.27% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for BAX is significantly below the industry average of 8.75%.
Industry RankSector Rank
ROA -1.62%
ROE -4.71%
ROIC 3.05%
ROA(3y)-0.58%
ROA(5y)1.52%
ROE(3y)-6.47%
ROE(5y)1.48%
ROIC(3y)3.5%
ROIC(5y)4.71%
BAX Yearly ROA, ROE, ROICBAX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40

1.3 Margins

  • BAX has a Operating Margin of 6.40%. This is in the better half of the industry: BAX outperforms 70.81% of its industry peers.
  • BAX's Operating Margin has declined in the last couple of years.
  • The Gross Margin of BAX (35.05%) is worse than 72.97% of its industry peers.
  • BAX's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 6.4%
PM (TTM) N/A
GM 35.05%
OM growth 3Y-19.11%
OM growth 5Y-13.17%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.94%
GM growth 5Y-2.16%
BAX Yearly Profit, Operating, Gross MarginsBAX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BAX is destroying value.
  • BAX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
BAX Yearly Shares OutstandingBAX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M
BAX Yearly Total Debt VS Total AssetsBAX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

2.2 Solvency

  • An Altman-Z score of 2.28 indicates that BAX is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • BAX has a Altman-Z score of 2.28. This is in the better half of the industry: BAX outperforms 66.49% of its industry peers.
  • BAX has a debt to FCF ratio of 38.94. This is a negative value and a sign of low solvency as BAX would need 38.94 years to pay back of all of its debts.
  • BAX has a Debt to FCF ratio of 38.94. This is in the better half of the industry: BAX outperforms 67.57% of its industry peers.
  • BAX has a Debt/Equity ratio of 1.21. This is a high value indicating a heavy dependency on external financing.
  • BAX has a worse Debt to Equity ratio (1.21) than 77.30% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.21
Debt/FCF 38.94
Altman-Z 2.28
ROIC/WACC0.4
WACC7.64%
BAX Yearly LT Debt VS Equity VS FCFBAX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.3 Liquidity

  • A Current Ratio of 1.84 indicates that BAX should not have too much problems paying its short term obligations.
  • BAX's Current ratio of 1.84 is on the low side compared to the rest of the industry. BAX is outperformed by 65.95% of its industry peers.
  • A Quick Ratio of 1.18 indicates that BAX should not have too much problems paying its short term obligations.
  • BAX has a Quick ratio of 1.18. This is in the lower half of the industry: BAX underperforms 68.11% of its industry peers.
Industry RankSector Rank
Current Ratio 1.84
Quick Ratio 1.18
BAX Yearly Current Assets VS Current LiabilitesBAX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

2

3. Growth

3.1 Past

  • The earnings per share for BAX have decreased strongly by -16.24% in the last year.
  • Measured over the past years, BAX shows a decrease in Earnings Per Share. The EPS has been decreasing by -5.98% on average per year.
EPS 1Y (TTM)-16.24%
EPS 3Y-13.44%
EPS 5Y-5.98%
EPS Q2Q%-24.14%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%8.03%

3.2 Future

  • BAX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.95% yearly.
  • The Revenue is expected to grow by 2.22% on average over the next years.
EPS Next Y-0.01%
EPS Next 2Y3.92%
EPS Next 3Y5.38%
EPS Next 5Y6.95%
Revenue Next Year2.3%
Revenue Next 2Y2.29%
Revenue Next 3Y2.36%
Revenue Next 5Y2.22%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
BAX Yearly Revenue VS EstimatesBAX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 5B 10B 15B
BAX Yearly EPS VS EstimatesBAX Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3

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Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 9.51, the valuation of BAX can be described as reasonable.
  • 95.68% of the companies in the same industry are more expensive than BAX, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of BAX to the average of the S&P500 Index (26.99), we can say BAX is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 9.51, the valuation of BAX can be described as very reasonable.
  • 95.68% of the companies in the same industry are more expensive than BAX, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of BAX to the average of the S&P500 Index (28.06), we can say BAX is valued rather cheaply.
Industry RankSector Rank
PE 9.51
Fwd PE 9.51
BAX Price Earnings VS Forward Price EarningsBAX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, BAX is valued cheaply inside the industry as 88.65% of the companies are valued more expensively.
  • BAX's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. BAX is cheaper than 75.14% of the companies in the same industry.
Industry RankSector Rank
P/FCF 45.46
EV/EBITDA 11.08
BAX Per share dataBAX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10 15 20

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y3.92%
EPS Next 3Y5.38%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • With a yearly dividend of 0.18%, BAX is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 0.20, BAX pays a better dividend. On top of this BAX pays more dividend than 90.27% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.85, BAX's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.18%

5.2 History

  • On average, the dividend of BAX grows each year by 6.89%, which is quite nice.
  • BAX has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)6.89%
Div Incr Years0
Div Non Decr Years0
BAX Yearly Dividends per shareBAX Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • The earnings of BAX are negative and hence is the payout ratio. BAX will probably not be able to sustain this dividend level.
  • The dividend of BAX is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP-119.65%
EPS Next 2Y3.92%
EPS Next 3Y5.38%
BAX Yearly Income VS Free CF VS DividendBAX Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B

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Find the best dividend stocksShow peers with best dividend

BAXTER INTERNATIONAL INC

NYSE:BAX (2/20/2026, 8:18:10 PM)

After market: 21.83 +0.25 (+1.16%)

21.58

+0.24 (+1.12%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)02-12
Earnings (Next)04-29
Inst Owners102.74%
Inst Owner Change5.62%
Ins Owners0.28%
Ins Owner Change10.87%
Market Cap11.09B
Revenue(TTM)N/A
Net Income(TTM)-341.00M
Analysts55.2
Price Target23.61 (9.41%)
Short Float %6.95%
Short Ratio3.89
Dividend
Industry RankSector Rank
Dividend Yield 0.18%
Yearly Dividend1.16
Dividend Growth(5Y)6.89%
DP-119.65%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-27
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.96%
Min EPS beat(2)-4.25%
Max EPS beat(2)14.16%
EPS beat(4)3
Avg EPS beat(4)8.34%
Min EPS beat(4)-4.25%
Max EPS beat(4)14.16%
EPS beat(8)7
Avg EPS beat(8)5.47%
EPS beat(12)9
Avg EPS beat(12)3.78%
EPS beat(16)11
Avg EPS beat(16)3.66%
Revenue beat(2)0
Avg Revenue beat(2)-1.91%
Min Revenue beat(2)-2.38%
Max Revenue beat(2)-1.44%
Revenue beat(4)2
Avg Revenue beat(4)-0.36%
Min Revenue beat(4)-2.38%
Max Revenue beat(4)1.93%
Revenue beat(8)5
Avg Revenue beat(8)-0.06%
Revenue beat(12)6
Avg Revenue beat(12)-0.48%
Revenue beat(16)6
Avg Revenue beat(16)-2.41%
PT rev (1m)-3.84%
PT rev (3m)-18.18%
EPS NQ rev (1m)-0.13%
EPS NQ rev (3m)0.52%
EPS NY rev (1m)0.04%
EPS NY rev (3m)-0.68%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.47%
Valuation
Industry RankSector Rank
PE 9.51
Fwd PE 9.51
P/S 1.01
P/FCF 45.46
P/OCF 14.81
P/B 1.53
P/tB N/A
EV/EBITDA 11.08
EPS(TTM)2.27
EY10.52%
EPS(NY)2.27
Fwd EY10.52%
FCF(TTM)0.47
FCFY2.2%
OCF(TTM)1.46
OCFY6.75%
SpS21.44
BVpS14.09
TBVpS-5.77
PEG (NY)N/A
PEG (5Y)N/A
Graham Number26.82
Profitability
Industry RankSector Rank
ROA -1.62%
ROE -4.71%
ROCE 4.08%
ROIC 3.05%
ROICexc 3.39%
ROICexgc 9.84%
OM 6.4%
PM (TTM) N/A
GM 35.05%
FCFM 2.21%
ROA(3y)-0.58%
ROA(5y)1.52%
ROE(3y)-6.47%
ROE(5y)1.48%
ROIC(3y)3.5%
ROIC(5y)4.71%
ROICexc(3y)3.9%
ROICexc(5y)5.53%
ROICexgc(3y)10.35%
ROICexgc(5y)12.85%
ROCE(3y)4.85%
ROCE(5y)6.42%
ROICexgc growth 3Y-24.28%
ROICexgc growth 5Y-17.95%
ROICexc growth 3Y-15.78%
ROICexc growth 5Y-22.54%
OM growth 3Y-19.11%
OM growth 5Y-13.17%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.94%
GM growth 5Y-2.16%
F-Score3
Asset Turnover0.52
Health
Industry RankSector Rank
Debt/Equity 1.21
Debt/FCF 38.94
Debt/EBITDA 5.17
Cap/Depr 51.22%
Cap/Sales 4.58%
Interest Coverage 250
Cash Conversion 44.27%
Profit Quality N/A
Current Ratio 1.84
Quick Ratio 1.18
Altman-Z 2.28
F-Score3
WACC7.64%
ROIC/WACC0.4
Cap/Depr(3y)49.31%
Cap/Depr(5y)63.51%
Cap/Sales(3y)5.12%
Cap/Sales(5y)5.45%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-16.24%
EPS 3Y-13.44%
EPS 5Y-5.98%
EPS Q2Q%-24.14%
EPS Next Y-0.01%
EPS Next 2Y3.92%
EPS Next 3Y5.38%
EPS Next 5Y6.95%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%8.03%
Revenue Next Year2.3%
Revenue Next 2Y2.29%
Revenue Next 3Y2.36%
Revenue Next 5Y2.22%
EBIT growth 1Y-43.57%
EBIT growth 3Y-23.92%
EBIT growth 5Y-14.31%
EBIT Next Year53.79%
EBIT Next 3Y17.7%
EBIT Next 5Y17.33%
FCF growth 1Y-73.82%
FCF growth 3Y-27.1%
FCF growth 5Y-16.46%
OCF growth 1Y-54.16%
OCF growth 3Y-22.88%
OCF growth 5Y-13.5%

BAXTER INTERNATIONAL INC / BAX FAQ

What is the fundamental rating for BAX stock?

ChartMill assigns a fundamental rating of 3 / 10 to BAX.


Can you provide the valuation status for BAXTER INTERNATIONAL INC?

ChartMill assigns a valuation rating of 6 / 10 to BAXTER INTERNATIONAL INC (BAX). This can be considered as Fairly Valued.


What is the profitability of BAX stock?

BAXTER INTERNATIONAL INC (BAX) has a profitability rating of 3 / 10.


Can you provide the expected EPS growth for BAX stock?

The Earnings per Share (EPS) of BAXTER INTERNATIONAL INC (BAX) is expected to decline by -0.01% in the next year.


How sustainable is the dividend of BAXTER INTERNATIONAL INC (BAX) stock?

The dividend rating of BAXTER INTERNATIONAL INC (BAX) is 4 / 10 and the dividend payout ratio is -119.65%.