Baxter International revenue and financials
$24.36Change from previous close: +0.58%Absolute change: +$0.14
In the fiscal year ended December 2025, Baxter International reported revenue of $11.24B (+5.72% year over year). The net loss was $957M.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +5.72%
- 2025 vs 2024
- Net margin
- -8.5%
- 2024: -6.1%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 845 | 1,019 | 1,726 | 1,211 | 2,222 | 1,868 | 2,104 | 2,017 | 1,714 | 1,654 |
| Depreciation and amortization | 981 | 997 | 984 | 1,072 | 867 | 823 | 789 | 771 | 750 | 800 |
| Capital expenditure | -513 | -446 | -432 | -377 | -691 | -709 | -696 | -659 | -616 | -719 |
| Investing cash flow | 2,841 | -626 | 3,213 | -931 | -11,200 | — | — | — | — | — |
| Financing cash flow | -4,216 | -1,081 | -3,489 | -1,438 | 8,245 | — | — | — | — | — |
| Dividends paid | -348 | -590 | -586 | -573 | -530 | -473 | -423 | -376 | -315 | -268 |
| Share repurchases | — | 0.0 | 0.0 | -32.0 | -600 | -500 | -1,270 | -2,452 | -564 | -292 |
| Debt issued | 1,998 | 2,126 | 0.0 | 55.0 | 12,149 | — | — | — | — | — |
| Debt repaid | -5,789 | -2,657 | -2,935 | -954 | -2,823 | — | — | — | — | — |
| Effect of exchange rates | 84.0 | -96.0 | 26.0 | -76.0 | -47.0 | — | — | — | — | — |
| Net change in cash | -446 | -784 | 1,476 | -1,234 | -780 | — | — | — | — | — |
| Free cash flow | 332 | 573 | 1,294 | 834 | 1,531 | — | — | — | — | — |
| Levered free cash flow | 2,433 | 319 | 1,200 | 138 | 845 | — | — | — | — | — |