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FCF Margin for Baxter International (BAX)

As of · Reported

Metric

TTM

6.3%

YoY change

−2.38pp

Trough year (1997)

2.0%

Peak year (2013)

26.5%

FCF Margin history chart for Baxter International (BAX) from 1989 to 2025

Latest: 2.9%

FCF Margin change chart for Baxter International (BAX) from 1989 to 2025

Latest: −2.38pp

FCF Margin history table for Baxter International (BAX) from 1989 to 2025

  • 20252.9%-2.38pp
  • 20245.3%-7.20pp
  • 202312.5%+6.72pp
  • 20225.7%-6.88pp
  • 202112.6%+2.68pp
  • 20209.9%-2.46pp
  • 201912.4%+0.16pp
  • 201812.2%+1.86pp
  • 201710.4%+1.17pp
  • 20169.2%+0.57pp
  • 20158.6%-12.74pp
  • 201421.4%-5.11pp
  • 201326.5%+12.52pp
  • 201214.0%+0.59pp
  • 201113.4%-2.52pp
  • 201015.9%+0.80pp
  • 200915.1%+2.44pp
  • 200812.6%-1.68pp
  • 200714.3%-1.65pp
  • 200616.0%+4.74pp
  • 200511.2%+2.59pp
  • 20048.6%+1.50pp
  • 20037.1%+2.88pp
  • 20024.3%-0.19pp
  • 20014.4%-2.89pp
  • 20007.3%+0.25pp
  • 19997.1%+0.37pp
  • 19986.7%+4.73pp
  • 19972.0%-5.29pp
  • 19967.3%-11.30pp
  • 199518.6%+9.83pp
  • 19948.7%+5.93pp
  • 19932.8%+0.14pp
  • 19922.7%+0.01pp
  • 19912.7%-2.64pp
  • 19905.3%+1.42pp
  • 19893.9%—

FCF Margin values are taken from Baxter International's reported income 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 FCF Margin at Baxter International (BAX)

According to Baxter International's latest reported financial statements, the company's latest reported free cash flow margin is 6.3%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

2025's annual free cash flow margin for Baxter International (BAX) came in at 2.87% – contracted 2.4 percentage points year-over-year.

Across the available history, free cash flow margin reached its high of 26.47% in 2013 and its low of 1.98% in 1997.

Baxter International FCF Margin by Year

Baxter International FCF Margin 2025: 2.9%

In 2025, Baxter International reported free cash flow margin of 2.87%, contracted 2.4 percentage points from 2024.

Baxter International FCF Margin 2024: 5.3%

Baxter International free cash flow margin in 2024 was 5.26%, contracted 7.2 percentage points from 2023.

Baxter International FCF Margin 2023: 12.5%

2023's free cash flow margin for Baxter International came in at 12.45%, expanded 6.7 percentage points from 2022.

Baxter International FCF Margin 2022: 5.7%

Baxter International posted free cash flow margin of 5.73% in 2022, contracted 6.9 percentage points from 2021.

Baxter International FCF Margin 2021: 12.6%

Baxter International free cash flow margin in 2021 was 12.60%.

See more financial history for Baxter International (BAX).

Sector peers by FCF Margin

Healthcare peers of Baxter International (BAX), ranked by their latest free cash flow margin

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