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BAX Baxter International Inc.

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Baxter International Inc. operates in the Surgical & Medical Instruments & Apparatus industry.

$25.28−1.86%

Oct 16 close · 1D EOD · Databento

HealthcareSurgical & Medical Instruments & ApparatusLarge-capSEC EDGAR FY 2025-12-31

On the WireNo stories on BAX yet. Follow the company and the next one lands in Following.

What happened

Daily closes · dots are Wire stories

What’s next

Expected around late October, going by its own filing history. The company has not announced a date yet. Its matching report came Oct 30, 2025 and Nov 8, 2024, before the open.

Last report

Jul 30, 2026+7.99%

before the open

Last 4, next close

median 11.27% either way

up 2 of 4

Every report since 2023 →Earnings calendar →

DateEventSourceNext close

Jul 30Earnings release, before the open · 8-KSEC EDGARSEC EDGAR ↗+7.99%

Next close = the first close after the event against the close before it. Prior-session closes only; not a call, not advice.

What happened · big days

15 big days in a year, and what we hold on each

A big day is a close more than 4.54% from the one before, three times BAX’s median day (1.51%). On 2 of the 15, its peer group moved the same way at least half as far. We show what we hold. We never name a cause.

every other trading daya big day, numbered in the list below±4.54%Hover a bar for its day. Click a big day to open it.

Shaded: since our stories began, Jun 10. Tap a bar for its day.

#DayBAXWhat we hold that dayGroup (median of 4) · each

1 Oct 30, 2025−14.54%
Resultsgroup +0.1%, did not move with it
1Oct 30, 2025−14.54%
ResultsFirst close after the Oct 30 results filing
+0.1% did not move with itBDX −1.2 · SYK −0.2 · BSX +0.3 · MMM +1.1
2 Nov 21, 2025+5.11%
Before our storiesgroup +1.9%, did not move with it
2Nov 21, 2025+5.11%
Before our stories
+1.9% did not move with itSYK +2.2 · MMM +2.1 · BDX +1.7 · BSX +0.3
3 Feb 4, 2026+5.63%
Before our storiesgroup +0.3%, did not move with it
3Feb 4, 2026+5.63%
Before our stories
+0.3% did not move with itMMM +5.2 · BDX +0.7 · SYK −0.0 · BSX −17.6
4 Feb 12, 2026−15.99%
Resultsgroup +0.7%, did not move with it
4Feb 12, 2026−15.99%
ResultsFirst close after the Feb 12 results filing
+0.7% did not move with itBDX −1.6 · SYK +0.6 · BSX +0.9 · MMM +1.0
5 Feb 13, 2026+5.77%
Before our storiesgroup −0.5%, did not move with it
5Feb 13, 2026+5.77%
Before our stories
−0.5% did not move with itBSX +0.8 · SYK +0.1 · BDX −1.1 · MMM −1.6
6 Feb 17, 2026+4.80%
Before our storiesgroup +0.8%, did not move with it
6Feb 17, 2026+4.80%
Before our stories
+0.8% did not move with itBSX +2.1 · SYK +0.9 · BDX +0.8 · MMM −2.4
7 Feb 18, 2026+5.45%
Before our storiesgroup +1.1%, did not move with it
7Feb 18, 2026+5.45%
Before our stories
+1.1% did not move with itBDX +3.0 · SYK +2.2 · BSX −0.0 · MMM −2.1
8 Mar 6, 2026−4.89%
Before our storiesgroup −1.7%, did not move with it
8Mar 6, 2026−4.89%
Before our stories
−1.7% did not move with itBSX −2.3 · MMM −1.8 · BDX −1.7 · SYK −1.6
9 Mar 31, 2026+6.33%
Before our storiesgroup +1.2%, did not move with it
9Mar 31, 2026+6.33%
Before our stories
+1.2% did not move with itMMM +1.9 · BDX +1.6 · SYK +0.8 · BSX −0.3
10 Apr 29, 2026−5.80%
Before our storiesgroup −2.1%, did not move with it
10Apr 29, 2026−5.80%
Before our stories
−2.1% did not move with itBDX −2.8 · BSX −2.2 · SYK −2.0 · MMM −1.5
11 Jun 17, 2026−5.23%
Nothing on BAXgroup −2.8%, moved with BAX
11Jun 17, 2026−5.23%
Nothing on BAXNo BAX story, brief or results filing in our record that day
−2.8% moved with BAXBSX −4.2 · SYK −3.0 · BDX −2.5 · MMM −1.5
12 Jun 24, 2026+4.68%
Nothing on BAXgroup +1.9%, did not move with it
12Jun 24, 2026+4.68%
Nothing on BAXNo BAX story, brief or results filing in our record that day
+1.9% did not move with itBDX +2.7 · MMM +2.5 · SYK +1.2 · BSX −2.5
13 Jul 16, 2026+5.42%
Nothing on BAXgroup +3.5%, moved with BAX
13Jul 16, 2026+5.42%
Nothing on BAXNo BAX story, brief or results filing in our record that day
+3.5% moved with BAXSYK +4.7 · BSX +3.7 · BDX +3.3 · MMM +0.8
14 Jul 30, 2026+7.99%
Resultsgroup −1.1%, did not move with it
14Jul 30, 2026+7.99%
ResultsFirst close after the Jul 30 results filing
−1.1% did not move with itBSX −0.1 · MMM −1.1 · SYK −1.2 · BDX −1.8
15 Aug 3, 2026+7.42%
Nothing on BAXgroup +3.2%, did not move with it
15Aug 3, 2026+7.42%
Nothing on BAXNo BAX story, brief or results filing in our record that day
+3.2% did not move with itSYK +4.8 · BSX +3.6 · BDX +2.8 · MMM +0.5

A story on the same day is not a cause, and a group move is not proof either. Group: the median of SYK, MMM, BSX and BDX that day, the largest companies in BAX’s SEC industry; “moved with BAX” means the same direction and at least half the size.

What’s next · results

Before the next report: what the first day after the last four did

Six trading days after each results filing (SEC 8-K, Item 2.02). BAX reports before the open, so day 1 is that day’s close. Each time, day 6 ended on the same side as day 1.

Reported Oct 30, 2025

day 1−14.54%day 6−19.80%

Reported Feb 12, 2026

day 1−15.99%day 6−3.10%

Reported Apr 30, 2026

day 1+4.02%day 6+3.49%

Reported Jul 30, 2026

day 1+7.99%day 6+9.04%

Next report: expected late OctoberEstimated from the dates of its last four results filings. Not announced. Since the Jul 30 report: +2.06%. Four reports is a small sample.

Every report since 2023 →

Each line is BAX’s close against its close before the filing, on licensed end-of-day closes. What happened after each report, not a forecast; a move on the day is not a cause.

The numbers · FY2025, filed

SEC EDGAR

Market cap$13.1B

Revenue$11.2B+5.70%

Net income$-957.0M

EPS, diluted$-1.87−47.20%

Gross margin30.1%

Operating margin-2.7%

Return on equity-15.7%

Debt / equity1.55

All filed figures

Snapshot

SEC EDGAR · FY 2025-12-31

SectorHealthcare

Market Cap$13.1B

Enterprise Value$20.5B

Income$-957.0M

Sales$11.2B

Book/sh$11.80

Cash/sh$3.81

Dividend TTM$0.52

Payout-36%

Employees—

IPO—

Quick Ratio1.56

Current Ratio2.31

Debt/Eq1.55

EPS (ttm)$-1.87

EPS this Y-47.2%

EPS past 3/5Y—

Sales past 3/5Y3.8%

EPS Y/Y TTM-47.2%

Sales Y/Y TTM5.7%

Shs Outstand517.00M

ROA-4.8%

ROE-15.7%

ROIC-4.0%

Gross Margin30.1%

Oper. Margin-2.7%

Profit Margin-8.5%

Every figure here is filed with the SEC. Valuation and estimate metrics (P/E, PEG, EV/EBITDA, price targets, forward EPS) are omitted until our market-data feed is licensed for display — we’d rather show fewer numbers than blank ones. Deeper lines (cash flow, balance sheet) below.

Revenue by fiscal year

$12.1B

FY21

$10.1B

FY22

$10.4B

FY23

$10.6B

FY24

$11.2B

FY25

Operating leverage — margins

GrossOperatingNet

Financials, annual · income and cash flowSEC EDGAR · open ▸

Financials — annual

SEC EDGAR · last 5 FY · tap a row to explain it

USD	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$12.1B	$10.1B	$10.4B	$10.6B	$11.2B
Gross Profit	$4.7B	$3.5B	$4.2B	$4.0B	$3.4B
Operating Income	$1.4B	$-2.8B	$707.0M	$14.0M	$-308.0M
Net Income	$1.3B	$-2.4B	$2.7B	$-649.0M	$-957.0M
Diluted EPS	$2.53	$-4.83	$5.23	$-1.27	$-1.87
Operating Cash Flow	$2.2B	$1.2B	$1.7B	$1.0B	$845.0M
Free Cash Flow	—	—	—	—	—

Same industry

BAX against four medical device peers, a year at 100

BAX is up 9.5% in a year. All four did less: 3M (+7.9%), Becton Dickinson (+1.4%), Stryker (−21.3%) and Boston Scientific (−55.3%). Weekly closes, Oct 17, 2025 = 100, on a log scale, so the same percentage move is the same height on every line.

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BAX +9.5%. 3M +7.9%, Becton Dickinson +1.4%, Stryker −21.3%, Boston Scientific −55.3%. Weekly closes, Oct 17, 2025 = 100, log scale.

Share this chart

End-of-day closes (Databento EOD), the last close of each week. The four peers are the largest US-listed companies by market value in BAX’s SEC industry (Surgical & Medical Instruments & Apparatus) with a year of closes. It shows what the closes did; a move here is not a cause, a forecast or a call.

Same industry

In the screener →

SYK$113.0B MMM$85.0B BSX$64.3B BDX$52.2B RMD$34.5B DXCM$32.5B MDLN$29.1B WST$27.0B

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Fundamentals sourced from SEC EDGAR filings (public domain). For informational purposes only. Not investment advice.