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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 19,791 | 19,846 | 20,055 | 21,067 | 21,046 | 21,304 | 25,782 | 26,676 | 26,312 | 27,788 | 28,276 | 30,656 |
| Current assets | 6,989 | 6,847 | 6,872 | 6,933 | 6,749 | 7,035 | 8,853 | 8,864 | 8,593 | 9,400 | 9,600 | 12,034 |
| Cash and equivalents | 2,150 | 2,017 | 1,966 | 1,726 | 1,686 | 2,294 | 1,764 | 1,420 | 2,095 | 3,026 | 3,078 | 5,788 |
| Receivables | 1,920 | 1,768 | 1,932 | 1,874 | 1,866 | 1,700 | 1,730 | 1,783 | 2,692 | 2,574 | 1,772 | 2,562 |
| Inventory | 2,259 | 2,316 | 2,372 | 2,460 | 2,384 | 2,170 | 2,169 | 2,103 | 2,985 | 2,988 | 2,059 | 2,873 |
| Net property, plant and equipment | 3,174 | 3,190 | 3,186 | 3,082 | 3,091 | 3,018 | 3,176 | 3,160 | 4,838 | 4,901 | 3,207 | 4,797 |
| Goodwill | 4,886 | 4,899 | 4,929 | 5,400 | 5,395 | 5,338 | 5,275 | 5,783 | 6,001 | 6,430 | 5,793 | 6,407 |
| Other intangible assets | 4,073 | 4,218 | 4,369 | 4,805 | 4,950 | 5,081 | 5,223 | 5,449 | 5,741 | 5,905 | 5,918 | 6,230 |
| Long-term investments | 45.0 | 45.0 | 103 | 51.0 | 38.0 | 37.0 | 109 | 33.0 | 67.0 | 67.0 | 136 | 74.0 |
| Current liabilities | 3,591 | 3,693 | 2,970 | 3,775 | 2,939 | 3,481 | 6,511 | 6,200 | 6,131 | 6,365 | 6,503 | 6,209 |
| Accounts payable | 1,034 | 1,086 | 999 | 963 | 1,004 | 963 | 968 | 841 | 1,251 | 1,329 | 881 | 1,246 |
| Long-term debt | 8,615 | 8,621 | 9,452 | 8,747 | 9,492 | 9,412 | 10,355 | 10,437 | 10,436 | 11,092 | 11,064 | 14,067 |
| Total debt | 9,667 | 9,687 | 9,780 | 9,712 | 9,725 | — | — | — | — | — | — | — |
| Total liabilities | 13,612 | 13,830 | 13,953 | 13,853 | 13,753 | 14,250 | 18,758 | 18,734 | 18,604 | 19,553 | 19,808 | 22,490 |
| Total equity (incl. minority) | 6,179 | 6,016 | 6,102 | 7,214 | 7,293 | 7,054 | 7,024 | 7,942 | 7,708 | 8,235 | 8,468 | 8,166 |
| Retained earnings | 13,806 | 13,685 | 13,705 | 14,837 | 14,970 | 14,968 | 14,929 | 15,529 | 15,539 | 16,003 | 16,114 | 16,015 |
| Minority interest | -27.0 | -27.0 | -27.0 | -27.0 | -27.0 | -27.0 | 60.0 | 70.0 | 65.0 | 62.0 | 66.0 | 65.0 |