Latest period
$537.00M
YoY change
+13.5%
5Y CAGR
-5.9%
Peak year (2012)
$1.16B
Cumulative CapEx
$24.40B
CapEx history chart for Baxter International (BAX) from 1989 to 2025
Latest: $522.00M
CapEx growth chart for Baxter International (BAX) from 1989 to 2025
Latest: +13.5%
CapEx history table for Baxter International (BAX) from 1989 to 2025
| 2025 | $522.00M | +13.5% | +$62.00M | ||
| 2024 | $460.00M | +5.5% | +$24.00M | ||
| 2023 | $436.00M | -31.3% | −$199.00M | ||
| 2022 | $635.00M | -8.1% | −$56.00M | ||
| 2021 | $691.00M | -2.5% | −$18.00M | ||
| 2020 | $709.00M | +1.9% | +$13.00M | ||
| 2019 | $696.00M | +5.6% | +$37.00M | ||
| 2018 | $659.00M | +7.0% | +$43.00M | ||
| 2017 | $616.00M | -14.3% | −$103.00M | ||
| 2016 | $719.00M | -21.1% | −$192.00M | ||
| 2015 | $911.00M | -1.5% | −$14.00M | ||
| 2014 | $925.00M | +31.0% | +$219.00M | ||
| 2013 | $706.00M | -39.2% | −$455.00M | ||
| 2012 | $1.16B | +20.9% | +$201.00M | ||
| 2011 | $960.00M | -0.3% | −$3.00M | ||
| 2010 | $963.00M | -5.0% | −$51.00M | ||
| 2009 | $1.01B | +6.3% | +$60.00M | ||
| 2008 | $954.00M | +37.9% | +$262.00M | ||
| 2007 | $692.00M | +31.6% | +$166.00M | ||
| 2006 | $526.00M | +18.5% | +$82.00M | ||
| 2005 | $444.00M | -20.4% | −$114.00M | ||
| 2004 | $558.00M | -29.3% | −$231.00M | ||
| 2003 | $789.00M | -7.0% | −$59.00M | ||
| 2002 | $848.00M | +11.7% | +$89.00M | ||
| 2001 | $759.00M | +10.8% | +$74.00M | ||
| 2000 | $685.00M | +8.6% | +$54.00M | ||
| 1999 | $631.00M | +13.5% | +$75.00M | ||
| 1998 | $556.00M | +22.5% | +$102.00M | ||
| 1997 | $454.00M | +14.1% | +$56.00M | ||
| 1996 | $398.00M | -0.3% | −$1.00M | ||
| 1995 | $399.00M | -20.5% | −$103.00M | ||
| 1994 | $502.00M | -2.7% | −$14.00M | ||
| 1993 | $516.00M | -3.9% | −$21.00M | ||
| 1992 | $537.00M | +0.9% | +$5.00M | ||
| 1991 | $532.00M | +45.0% | +$165.00M | ||
| 1990 | $367.00M | +10.9% | +$36.00M | ||
| 1989 | $331.00M | — | — |
- 2025$522.00M+13.5%
- 2024$460.00M+5.5%
- 2023$436.00M-31.3%
- 2022$635.00M-8.1%
- 2021$691.00M-2.5%
- 2020$709.00M+1.9%
- 2019$696.00M+5.6%
- 2018$659.00M+7.0%
- 2017$616.00M-14.3%
- 2016$719.00M-21.1%
- 2015$911.00M-1.5%
- 2014$925.00M+31.0%
- 2013$706.00M-39.2%
- 2012$1.16B+20.9%
- 2011$960.00M-0.3%
- 2010$963.00M-5.0%
- 2009$1.01B+6.3%
- 2008$954.00M+37.9%
- 2007$692.00M+31.6%
- 2006$526.00M+18.5%
- 2005$444.00M-20.4%
- 2004$558.00M-29.3%
- 2003$789.00M-7.0%
- 2002$848.00M+11.7%
- 2001$759.00M+10.8%
- 2000$685.00M+8.6%
- 1999$631.00M+13.5%
- 1998$556.00M+22.5%
- 1997$454.00M+14.1%
- 1996$398.00M-0.3%
- 1995$399.00M-20.5%
- 1994$502.00M-2.7%
- 1993$516.00M-3.9%
- 1992$537.00M+0.9%
- 1991$532.00M+45.0%
- 1990$367.00M+10.9%
- 1989$331.00M—
CapEx values are taken from Baxter International's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at Baxter International (BAX)
According to Baxter International's latest reported financial statements, the company's current CapEx (TTM) is $537.00M. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Baxter International (BAX) reported CapEx of $522.00M – grew 13.5% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Baxter International CapEx compounded at -5.9% per year, sustaining 2 straight years of year-over-year growth.
Baxter International CapEx peaked at $1.16B in 2012; the latest annual figure is $522.00M in 2025 (55.0% below peak).
The highest annual CapEx of $1.16B was reported in 2012. The lowest in the available history was $331.00M in 1989.
Baxter International Capital Expenditures by Year
Baxter International Capital Expenditures 2025: $522.00M
Baxter International CapEx in 2025 was $522.00M, grew 13.5% from 2024.
Baxter International Capital Expenditures 2024: $460.00M
2024's CapEx for Baxter International came in at $460.00M, grew 5.5% from 2023.
Baxter International Capital Expenditures 2023: $436.00M
Baxter International posted CapEx of $436.00M in 2023, plunged 31.3% below 2022.
Baxter International Capital Expenditures 2022: $635.00M
In 2022, Baxter International reported CapEx of $635.00M, declined 8.1% below 2021.
Baxter International Capital Expenditures 2021: $691.00M
Baxter International CapEx in 2021 was $691.00M.
See more financial history for Baxter International (BAX).
Sector peers by CapEx
Healthcare peers of Baxter International (BAX), ranked by their latest CapEx
| $14.05B | |
| $7.84B | |
| $5.91B | |
| $4.83B | |
| $4.11B | |
| $3.62B | |
| $1.86B | |
| $1.21B |
- $14.05B
- $7.84B
- $5.91B
- $4.83B
- $4.11B
- $3.62B
- $1.86B
- $1.21B
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