Company Analysis

Baxter International Inc. (BAX)

NYSE: BAX · Surgical & Medical Instruments & Apparatus · Deerfield, IL · filing with the SEC since 1994
Grade4.5
◀ Past 4.9● Present 4.8▶ Future 3.6
The companyfiscal 2025, as filed
Revenue$11.24B+5.7%
Net income-$957M-47.5%
Earnings per share$-1.87-47.2%
Operating cash flow$845M-17.1%
Cash$1.97B+11.5%
Debt$9.47B-8.7%
Shareholders’ equity$6.10B-13.1%
Shares, diluted513.0M+0.6%
Return on equity-15.7%
The recordfrom its filings
Filings in 202672
Newest filingOct 29 · 10-Q
Annual reportFeb 12, 2026
Quarterly reportOct 29, 2026
Next report due10-K by Mar 1
Insider sales, 12 months$0.00
Insider buys, 12 months$0.00
Patents granted4,756
Filer categoryLarge accelerated filer
Trailing twelve months to Sep 2026Revenue $11.61BNet income -$723MCash from operations $1.64Bthe four newest filed quarters added
Left: the newest annual report, with the change on the year before. Right: counted from the company's own filings with the SEC.
Revenue and net income by fiscal yearRevenueNet income
16171819202122232425
As filed, in USD. Nothing here is a forecast.

The company now

Baxter reported second-quarter 2026 sales of $2.96 billion on 30 July, up 5 percent 3. Net income was $135 million, or $0.26 per diluted share, on a US accounting basis 3. Free cash flow, the cash left after spending on equipment and buildings, was $181 million 3.

The company raised its 2026 outlook and now expects sales growth of 3 percent to 4 percent and adjusted earnings of $1.95 to $2.15 per share 3. Chief executive Andrew Hider said the quarter also gained from a tariff refund that earlier guidance had not counted 3.

The infusion pump problem is not settled 2. Baxter has stopped shipping and installing its Novum IQ pump in the U.S. and Canada since July 2025, and the 10-Q says the timing of any release is uncertain 2. John Rogers was named finance chief on 18 August 2026, effective 1 October 4.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.

News

Oct 29, 2026 · SEC EDGAR · Form 10-Q
Quarterly report
Open the filing on sec.gov
Oct 29, 2026 · SEC EDGAR · Form 8-K
Results released
Open the filing on sec.gov
Sep 3, 2026 · SEC EDGAR · Form 4
Insider trade report
Open the filing on sec.gov
Sep 3, 2026 · SEC EDGAR · Form 4
Insider trade report
Open the filing on sec.gov
Sep 3, 2026 · SEC EDGAR · Form 4
Insider trade report
Open the filing on sec.gov
Aug 19, 2026 · SEC EDGAR · Form 8-K
Current report
Open the filing on sec.gov
Aug 18, 2026 · SEC EDGAR · Form 8-K
Current report
Open the filing on sec.gov
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SI Assistanton BAX · research, not advice