BAX NYSE
Baxter International Inc.
1W: +1.6%
1M: +6.0%
3M: +0.6%
YTD: +27.9%
1Y: +8.4%
3Y: -19.4%
5Y: -65.5%
$24.92
-0.37 (-1.46%)
Weekly Expected Move ±4.1%
$23
$24
$25
$26
$27
Credit Risk of going bust: higher than 64% of companies Debt: 42.9% of company value Bonds: $263.3M held by 339 funds, 111 bp over Treasuries → details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $1.45 (down 94%), Baxter International Inc. would be worth roughly what it owes.
Total debt $9.67B against a stock market value of $12.88B.
Distance to default 3.87 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $5.15B (short-term plus half of long-term), stock volatility 44.0%; Altman Z 2.30. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $1.45 (down 94%), Baxter International Inc. would be worth roughly what it owes.
Total debt $9.67B against a stock market value of $12.88B.
Distance to default 3.87 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $5.15B (short-term plus half of long-term), stock volatility 44.0%; Altman Z 2.30. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Revenue by Segment (5-Year Trend)
Income Trends
Revenue
$11.2B
+5.7% ▲
5Y CAGR: -0.7%
Gross Profit
$3.4B
-15.2% ▼
5Y CAGR: -5.9%
Operating Income
-$308M
-2300.0% ▼
Net Income
-$957M
-47.5% ▼
EPS (Diluted)
$-1.75
-37.8% ▼
EBITDA
$766M
-31.4% ▼
5Y CAGR: -19.5%
Profit Margins
Year-over-Year Growth
View Full Income Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $12.1B | $10.1B | $10.4B | $10.6B | $11.2B |
| YoY Growth | +4.1% | -17.2% | +3.0% | +2.7% | +5.7% |
| Cost of Revenue | $7.4B | $6.5B | $6.2B | $6.7B | $7.9B |
| Gross Profit | $4.7B | $3.5B | $4.2B | $4.0B | $3.4B |
| Gross Margin | 38.9% | 35.3% | 40.1% | 37.5% | 30.1% |
| R&D Expenses | $531M | $450M | $518M | $590M | $518M |
| SG&A Expenses | $2.8B | $3.1B | $3.0B | $3.0B | $2.9B |
| Operating Expenses | $3.4B | $6.4B | $3.4B | $4.0B | $3.7B |
| Operating Income | $1.4B | -$2.8B | $707M | $14M | -$308M |
| Operating Margin | 11.1% | -28.3% | 6.8% | 0.1% | -2.7% |
| Interest Expense | $207M | $413M | $508M | $408M | $290M |
| Income Before Tax | $1.1B | -$3.2B | $242M | -$289M | -$505M |
| Tax Expense | $83M | -$135M | $61M | $37M | $395M |
| Net Income | $1.3B | -$2.4B | $2.7B | -$649M | -$957M |
| Net Margin | 10.6% | -24.2% | 25.6% | -6.1% | -8.5% |
| EPS (Diluted) | $2.53 | $-4.83 | $5.23 | $-1.27 | $-1.75 |
| EBITDA | $2.2B | -$1.8B | $1.7B | $1.1B | $766M |
| Shares Outstanding | 508M | 504M | 506M | 510M | 513M |