TTM
30.1%
YoY change
−7.41pp
Trough year (2025)
30.1%
Peak year (2009)
51.9%
Latest annual
30.1%
Gross Margin history chart for Baxter International (BAX) from 1985 to 2025
Latest: 30.1%
Gross Margin change chart for Baxter International (BAX) from 1985 to 2025
Latest: −7.41pp
Gross Margin history table for Baxter International (BAX) from 1985 to 2025
| 2025 | 30.1% | -7.41pp | ||
| 2024 | 37.5% | -2.60pp | ||
| 2023 | 40.1% | +4.77pp | ||
| 2022 | 35.3% | -3.57pp | ||
| 2021 | 38.9% | -0.44pp | ||
| 2020 | 39.3% | -2.61pp | ||
| 2019 | 41.9% | -0.97pp | ||
| 2018 | 42.9% | +0.61pp | ||
| 2017 | 42.3% | +1.77pp | ||
| 2016 | 40.5% | -1.09pp | ||
| 2015 | 41.6% | -1.14pp | ||
| 2014 | 42.7% | -1.48pp | ||
| 2013 | 44.2% | -6.98pp | ||
| 2012 | 51.2% | +0.47pp | ||
| 2011 | 50.7% | +4.33pp | ||
| 2010 | 46.4% | -5.55pp | ||
| 2009 | 51.9% | +2.30pp | ||
| 2008 | 49.6% | +0.64pp | ||
| 2007 | 49.0% | +3.36pp | ||
| 2006 | 45.6% | +4.09pp | ||
| 2005 | 41.6% | +0.39pp | ||
| 2004 | 41.2% | -3.22pp | ||
| 2003 | 44.4% | -2.34pp | ||
| 2002 | 46.7% | +0.35pp | ||
| 2001 | 46.4% | +0.75pp | ||
| 2000 | 45.6% | -3.98pp | ||
| 1999 | 49.6% | -1.04pp | ||
| 1998 | 50.6% | -0.48pp | ||
| 1997 | 51.1% | +0.73pp | ||
| 1996 | 50.4% | -0.68pp | ||
| 1995 | 51.1% | +10.88pp | ||
| 1994 | 40.2% | -1.64pp | ||
| 1993 | 41.9% | -1.69pp | ||
| 1992 | 43.5% | +2.10pp | ||
| 1991 | 41.4% | +0.87pp | ||
| 1990 | 40.6% | -0.15pp | ||
| 1989 | 40.7% | -0.51pp | ||
| 1988 | 41.2% | +0.16pp | ||
| 1987 | 41.1% | -0.46pp | ||
| 1986 | 41.5% | -3.31pp | ||
| 1985 | 44.8% | — |
- 202530.1%-7.41pp
- 202437.5%-2.60pp
- 202340.1%+4.77pp
- 202235.3%-3.57pp
- 202138.9%-0.44pp
- 202039.3%-2.61pp
- 201941.9%-0.97pp
- 201842.9%+0.61pp
- 201742.3%+1.77pp
- 201640.5%-1.09pp
- 201541.6%-1.14pp
- 201442.7%-1.48pp
- 201344.2%-6.98pp
- 201251.2%+0.47pp
- 201150.7%+4.33pp
- 201046.4%-5.55pp
- 200951.9%+2.30pp
- 200849.6%+0.64pp
- 200749.0%+3.36pp
- 200645.6%+4.09pp
- 200541.6%+0.39pp
- 200441.2%-3.22pp
- 200344.4%-2.34pp
- 200246.7%+0.35pp
- 200146.4%+0.75pp
- 200045.6%-3.98pp
- 199949.6%-1.04pp
- 199850.6%-0.48pp
- 199751.1%+0.73pp
- 199650.4%-0.68pp
- 199551.1%+10.88pp
- 199440.2%-1.64pp
- 199341.9%-1.69pp
- 199243.5%+2.10pp
- 199141.4%+0.87pp
- 199040.6%-0.15pp
- 198940.7%-0.51pp
- 198841.2%+0.16pp
- 198741.1%-0.46pp
- 198641.5%-3.31pp
- 198544.8%—
Gross 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 Gross Margin at Baxter International (BAX)
According to Baxter International's latest reported financial statements, the company's latest reported gross margin is 30.1%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, Baxter International (BAX) gross margin totalled 30.05% – contracted 7.4 percentage points year-over-year.
2009 marks the peak gross margin at 51.94%, with the historical low of 30.05% recorded in 2025.
Baxter International Gross Margin by Year
Baxter International Gross Margin 2025: 30.1%
Baxter International posted gross margin of 30.05% in 2025, contracted 7.4 percentage points from 2024. This figure represents the lowest annual value in the available history.
Baxter International Gross Margin 2024: 37.5%
In 2024, Baxter International reported gross margin of 37.46%, contracted 2.6 percentage points from 2023.
Baxter International Gross Margin 2023: 40.1%
Baxter International gross margin in 2023 was 40.06%, expanded 4.8 percentage points from 2022.
Baxter International Gross Margin 2022: 35.3%
2022's gross margin for Baxter International came in at 35.29%, contracted 3.6 percentage points from 2021.
Baxter International Gross Margin 2021: 38.9%
Baxter International gross margin in 2021 was 38.86%.
See more financial history for Baxter International (BAX).
Sector peers by Gross Margin
Healthcare peers of Baxter International (BAX), ranked by their latest gross margin
| 83.5% | |
| 81.8% | |
| 81.7% | |
| 75.9% | |
| 71.5% | |
| 70.7% | |
| 70.0% | |
| 18.8% |
- 83.5%
- 81.8%
- 81.7%
- 75.9%
- 71.5%
- 70.7%
Frequently asked questions
Baxter International (BAX) Key Financials
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