Gross Profit for Baxter International (BAX)
According to Baxter International's latest reported financial statements, the company's current gross profit (TTM) is $3.38B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$3.38B
YoY change
-15.2%
5Y CAGR
-5.9%
Peak year (2012)
$7.13B
Cumulative gross profit
$164.59B
Gross Profit history chart for Baxter International (BAX) from 1985 to 2025
Gross Profit history table for Baxter International (BAX) from 1985 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $3.38B | -15.2% | ||
| 2024 | $3.98B | -4.0% | ||
| 2023 | $4.15B | +16.9% | ||
| 2022 | $3.55B | -24.8% | ||
| 2021 | $4.72B | +2.9% | ||
| 2020 | $4.59B | -3.7% | ||
| 2019 | $4.76B | +0.0% | ||
| 2018 | $4.76B | +6.4% | ||
| 2017 | $4.47B | +8.7% | ||
| 2016 | $4.12B | -0.7% | ||
| 2015 | $4.15B | -9.5% | ||
| 2014 | $4.58B | +10.1% | ||
| 2013 | $4.16B | -41.7% | ||
| 2012 | $7.13B | +1.2% | ||
| 2011 | $7.05B | +18.3% | ||
| 2010 | $5.96B | -8.7% | ||
| 2009 | $6.53B | +6.4% | ||
| 2008 | $6.13B | +11.1% | ||
| 2007 | $5.52B | +16.5% | ||
| 2006 | $4.74B | +15.7% | ||
| 2005 | $4.09B | +4.5% | ||
| 2004 | $3.92B | -1.0% | ||
| 2003 | $3.95B | +4.4% | ||
| 2002 | $3.79B | +10.9% | ||
| 2001 | $3.41B | +11.6% | ||
| 2000 | $3.06B | -3.4% | ||
| 1999 | $3.17B | +9.5% | ||
| 1998 | $2.89B | +7.5% | ||
| 1997 | $2.69B | -1.9% | ||
| 1996 | $2.74B | +6.3% | ||
| 1995 | $2.58B | -31.2% | ||
| 1994 | $3.75B | +0.9% | ||
| 1993 | $3.72B | +0.8% | ||
| 1992 | $3.69B | -0.2% | ||
| 1991 | $3.70B | +12.5% | ||
| 1990 | $3.29B | +9.1% | ||
| 1989 | $3.01B | +6.5% | ||
| 1988 | $2.83B | +10.7% | ||
| 1987 | $2.56B | +11.0% | ||
| 1986 | $2.30B | +118.0% | ||
| 1985 | $1.06B | — |
Gross Profit values are taken from Baxter International's reported income 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) gross profit is $3.38B – declined 15.2% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Baxter International gross profit compounded at -5.9% per year, with a net decline across the window.
Baxter International gross profit plunged from $7.13B in 2012 to $3.38B in 2025, a 52.6% drawdown.
$7.13B stands as the all-time-high annual gross profit, posted in 2012, against a low of $1.06B during 1985.
Within Healthcare, Baxter International (BAX) ranks 9th among 8 peers we track. The peer median for gross profit is $53.80B.
Baxter International Gross Profit by Year
Baxter International Gross Profit 2025: $3.38B
Baxter International gross profit in 2025 was $3.38B, declined 15.2% below 2024.
Baxter International Gross Profit 2024: $3.98B
Baxter International gross profit in 2024 was $3.98B, edged down 4.0% below 2023.
Baxter International Gross Profit 2023: $4.15B
Baxter International gross profit in 2023 was $4.15B, grew 16.9% from 2022.
Baxter International Gross Profit 2022: $3.55B
Baxter International gross profit in 2022 was $3.55B, declined 24.8% below 2021.
Baxter International Gross Profit 2021: $4.72B
Baxter International gross profit in 2021 was $4.72B.
See more financial history for Baxter International (BAX).
Sector peers — Gross Profit
Companies in the same sector as Baxter International, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $250.28B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | $82.92B | Healthcare |
| Johnson & Johnson (JNJ) | $68.56B | Healthcare |
| Eli Lilly and Company (LLY) | $54.62B | Healthcare |
| Merck & Co., Inc. (MRK) | $52.98B | Healthcare |
| AstraZeneca PLC (AZN) | $48.11B | Healthcare |
| AbbVie Inc. (ABBV) | $42.96B | Healthcare |
| Amgen Inc. (AMGN) | $26.01B | Healthcare |
Frequently asked questions
What is Baxter International's gross profit?
- Latest reported gross profit for Baxter International (BAX) is $3.38B (period ending December 31, 2025).
How has Baxter International gross profit changed year-over-year?
- Baxter International (BAX) gross profit changed -15.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Baxter International gross profit?
- Baxter International (BAX) gross profit compound annual growth rate is -5.9% over the most recent 5 years available.
When did Baxter International gross profit hit its highest annual value?
- Baxter International gross profit reached its highest annual value of $7.13B in 2012.
What was Baxter International gross profit in 2024?
- Baxter International (BAX) gross profit in 2024 was $3.98B.
What was Baxter International gross profit in 2025?
- Baxter International (BAX) gross profit in 2025 was $3.38B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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