Free Cash Flow for Baxter International (BAX)
Free Cash Flow for Baxter International (BAX): headline value $323.00M · YoY -42.2%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Currently viewingFree Cash FlowSwitch metric
Latest period
$323.00M
YoY change
-42.2%
5Y CAGR
-22.5%
Peak year (2013)
$2.49B
Latest annual
$323.00M
Free Cash Flow history chart for Baxter International (BAX) from 1989 to 2025
Free Cash Flow history table for Baxter International (BAX) from 1989 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $323.00M | -42.2% | ||
| 2024 | $559.00M | -56.7% | ||
| 2023 | $1.29B | +124.0% | ||
| 2022 | $576.00M | -62.4% | ||
| 2021 | $1.53B | +32.1% | ||
| 2020 | $1.16B | -17.7% | ||
| 2019 | $1.41B | +3.7% | ||
| 2018 | $1.36B | +23.7% | ||
| 2017 | $1.10B | +17.4% | ||
| 2016 | $935.00M | +8.7% | ||
| 2015 | $860.00M | -62.4% | ||
| 2014 | $2.29B | -8.1% | ||
| 2013 | $2.49B | +28.1% | ||
| 2012 | $1.95B | +4.7% | ||
| 2011 | $1.86B | -9.0% | ||
| 2010 | $2.04B | +7.7% | ||
| 2009 | $1.90B | +21.4% | ||
| 2008 | $1.56B | -3.2% | ||
| 2007 | $1.61B | -2.7% | ||
| 2006 | $1.66B | +49.8% | ||
| 2005 | $1.11B | +34.5% | ||
| 2004 | $822.00M | +29.2% | ||
| 2003 | $636.00M | +84.3% | ||
| 2002 | $345.00M | +5.5% | ||
| 2001 | $327.00M | -33.4% | ||
| 2000 | $491.00M | +8.6% | ||
| 1999 | $452.00M | +18.0% | ||
| 1998 | $383.00M | +268.3% | ||
| 1997 | $104.00M | -73.7% | ||
| 1996 | $395.00M | -57.8% | ||
| 1995 | $937.00M | +15.1% | ||
| 1994 | $814.00M | +226.9% | ||
| 1993 | $249.00M | +10.2% | ||
| 1992 | $226.00M | -4.6% | ||
| 1991 | $237.00M | -44.8% | ||
| 1990 | $429.00M | +49.5% | ||
| 1989 | $287.00M | — |
Free Cash Flow values are taken from Baxter International's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Baxter International (BAX) free cash flow is $323.00M – plunged 42.2% year-over-year.
Through 2020–2025 (5 years), Baxter International free cash flow delivered a -22.5% annualised rate; with a net decline across the window.
Baxter International free cash flow plunged from $2.49B in 2013 to $323.00M in 2025, a 87.0% drawdown.
2013 marks the peak free cash flow at $2.49B, with the historical low of $104.00M recorded in 1997.
Baxter International (BAX) sits 9th of 8 Healthcare peers we track on this metric, against a peer median of $14.22B.
Baxter International Free Cash Flow by Year
Baxter International Free Cash Flow 2025: $323.00M
Baxter International free cash flow in 2025 was $323.00M, plunged 42.2% below 2024.
Baxter International Free Cash Flow 2024: $559.00M
Baxter International free cash flow in 2024 was $559.00M, plunged 56.7% below 2023.
Baxter International Free Cash Flow 2023: $1.29B
Baxter International free cash flow in 2023 was $1.29B, surged 124.0% from 2022.
Baxter International Free Cash Flow 2022: $576.00M
Baxter International free cash flow in 2022 was $576.00M, plunged 62.4% below 2021.
Baxter International Free Cash Flow 2021: $1.53B
Baxter International free cash flow in 2021 was $1.53B.
See more financial history for Baxter International (BAX).
Sector peers — Free Cash Flow
Companies in the same sector as Baxter International, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $28.99B | Healthcare |
| Johnson & Johnson (JNJ) | $19.70B | Healthcare |
| AbbVie Inc. (ABBV) | $17.82B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | $16.07B | Healthcare |
| Merck & Co., Inc. (MRK) | $12.36B | Healthcare |
| AstraZeneca PLC (AZN) | $11.77B | Healthcare |
| Eli Lilly and Company (LLY) | $8.97B | Healthcare |
| Amgen Inc. (AMGN) | $8.10B | Healthcare |
Frequently asked questions
What is Baxter International's free cash flow?
Latest reported free cash flow for Baxter International (BAX) is $323.00M (period ending December 31, 2025).
How has Baxter International free cash flow changed year-over-year?
Baxter International (BAX) free cash flow changed -42.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Baxter International free cash flow?
Baxter International (BAX) free cash flow compound annual growth rate is -22.5% over the most recent 5 years available.
When did Baxter International free cash flow hit its highest annual value?
Baxter International free cash flow reached its highest annual value of $2.49B in 2013.
What was Baxter International free cash flow in 2024?
Baxter International (BAX) free cash flow in 2024 was $559.00M.
What was Baxter International free cash flow in 2025?
Baxter International (BAX) free cash flow in 2025 was $323.00M.
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