Baxter Operating Margin 2012-2025 | BAX

Current and historical operating margin for Baxter (BAX) over the last 10 years. The current operating profit margin for Baxter as of December 31, 2025 is 10.42%.
Unlock Macrotrends Premium
40 years of data
Faster, ad-free pages
Unlimited data exports
Full-width charts
Baxter Operating Margin Historical Data
Date TTM Revenue TTM Operating Income Operating Margin
2025-12-31 $11.24B $-0.31B -2.74%
2025-09-30 $11.02B $-0.01B -0.13%
2025-06-30 $10.89B $-0.03B -0.28%
2025-03-31 $10.77B $-0.04B -0.40%
2024-12-31 $10.64B $0.01B 0.13%
2024-09-30 $8.42B $0.87B 10.27%
2024-06-30 $8.32B $0.89B 10.68%
2024-03-31 $9.34B $0.69B 7.42%
2023-12-31 $10.36B $0.71B 6.82%
2023-09-30 $8.97B $-0.10B -1.13%
2023-06-30 $9.98B $-3.16B -31.68%
2023-03-31 $9.86B $-2.88B -29.19%
2022-12-31 $10.06B $-2.85B -28.29%
2022-09-30 $13.79B $-2.43B -17.63%
2022-06-30 $13.40B $0.96B 7.18%
2022-03-31 $12.91B $1.12B 8.70%
2021-12-31 $12.15B $1.35B 11.11%
2021-09-30 $12.45B $1.73B 13.92%
2021-06-30 $12.20B $1.69B 13.86%
2021-03-31 $11.82B $1.60B 13.51%
2020-12-31 $11.67B $1.62B 13.84%
2020-09-30 $11.53B $1.75B 15.14%
2020-06-30 $11.41B $1.78B 15.59%
2020-03-31 $11.53B $1.80B 15.60%
2019-12-31 $11.36B $1.77B 15.60%
2019-09-30 $11.14B $1.62B 14.56%
2019-06-30 $11.05B $1.50B 13.58%
2019-03-31 $11.06B $1.54B 13.88%
2018-12-31 $11.10B $1.58B 14.27%
2018-09-30 $11.08B $1.49B 13.42%
2018-06-30 $11.02B $1.40B 12.74%
2018-03-31 $10.79B $1.37B 12.67%
2017-12-31 $10.58B $1.29B 12.17%
2017-09-30 $10.43B $1.30B 12.49%
2017-06-30 $10.28B $1.19B 11.56%
2017-03-31 $10.26B $0.91B 8.87%
2016-12-31 $10.16B $0.75B 7.33%
2016-09-30 $10.12B $0.62B 6.13%
2016-06-30 $10.05B $0.53B 5.23%
2016-03-31 $9.94B $0.55B 5.48%
2015-12-31 $9.97B $0.45B 4.50%
2015-09-30 $10.15B $0.46B 4.55%
2015-06-30 $10.38B $0.59B 5.66%
2015-03-31 $12.06B $1.16B 9.61%
2014-12-31 $13.50B $1.74B 12.88%
2014-09-30 $15.03B $2.09B 13.93%
2014-06-30 $16.03B $2.53B 15.79%
2014-03-31 $15.55B $2.70B 17.36%
2013-12-31 $15.15B $2.74B 18.11%
2013-09-30 $14.33B $2.72B 18.99%
2013-06-30 $14.09B $2.84B 20.17%
2013-03-31 $14.00B $2.79B 19.95%
2012-12-31 $13.94B $2.77B 19.88%
2012-09-30 $14.03B $2.87B 20.47%
2012-06-30 $14.03B $2.84B 20.24%
2012-03-31 $14.00B $2.89B 20.68%
2011-12-31 $13.89B $2.95B 21.20%
2011-09-30 $13.80B $2.84B 20.61%
2011-06-30 $13.54B $2.88B 21.27%
2011-03-31 $13.20B $2.75B 20.82%
2010-12-31 $12.84B $2.14B 16.63%
2010-09-30 $12.82B $2.35B 18.31%
2010-06-30 $12.74B $2.30B 18.03%
2010-03-31 $12.67B $2.35B 18.52%
2009-12-31 $12.56B $2.88B 22.90%
2009-09-30 $12.22B $2.85B 23.28%
2009-06-30 $12.23B $2.72B 22.27%
2009-03-31 $12.30B $2.68B 21.79%
2008-12-31 $12.35B $2.56B 20.76%
2008-09-30 $12.23B $2.47B 20.22%
2008-06-30 $11.83B $2.37B 20.06%
2008-03-31 $11.47B $2.26B 19.75%
2007-12-31 $11.26B $2.24B 19.87%
2007-09-30 $11.02B $2.15B 19.52%
2007-06-30 $10.82B $2.14B 19.81%
2007-03-31 $10.64B $1.98B 18.57%
2006-12-31 $10.38B $1.84B 17.74%
2006-09-30 $10.11B $1.74B 17.26%
2006-06-30 $9.95B $1.63B 16.35%
2006-03-31 $9.88B $1.57B 15.85%
2005-12-31 $9.85B $1.53B 15.53%
2005-09-30 $9.96B $1.60B 16.04%
2005-06-30 $9.88B $1.59B 16.07%
2005-03-31 $9.68B $1.50B 15.49%
2004-12-31 $9.51B $1.44B 15.12%
2004-09-30 $9.44B $1.45B 15.39%
2004-06-30 $9.33B $1.47B 15.72%
2004-03-31 $9.12B $1.56B 17.06%
2003-12-31 $8.90B $1.60B 17.91%
2003-09-30 $8.63B $1.47B 17.04%
2003-06-30 $8.44B $1.52B 18.01%
2003-03-31 $8.22B $1.51B 18.42%
2002-12-31 $8.10B $1.56B 19.20%
2002-09-30 $7.68B $1.35B 17.56%
2002-06-30 $7.55B $1.29B 17.11%
2002-03-31 $7.47B $1.28B 17.15%
2001-12-31 $7.36B $1.22B 16.63%
2001-09-30 $7.46B $1.39B 18.68%
2001-06-30 $7.25B $1.34B 18.42%
2001-03-31 $7.07B $1.01B 14.30%
2000-12-31 $6.90B $0.98B 14.24%
2000-09-30 $6.73B $1.16B 17.17%
2000-06-30 $6.64B $1.13B 16.97%
2000-03-31 $6.50B $1.38B 21.27%
1999-12-31 $6.38B $1.15B 18.03%
1999-09-30 $6.22B $0.72B 11.52%
1999-06-30 $6.05B $0.45B 7.48%
1999-03-31 $6.14B $0.46B 7.48%
1998-12-31 $6.15B $0.67B 10.82%
1998-09-30 $6.17B $0.85B 13.79%
1998-06-30 $6.24B $1.05B 16.86%
1998-03-31 $6.16B $1.02B 16.62%
1997-12-31 $6.14B $1.01B 16.37%
1997-09-30 $6.00B $0.99B 16.48%
1997-06-30 $5.82B $0.98B 16.83%
1997-03-31 $5.58B $0.94B 16.79%
1996-12-31 $5.44B $0.91B 16.75%
1996-09-30 $5.30B $4.18B 78.95%
1996-06-30 $5.25B $3.03B 57.73%
1996-03-31 $5.19B $1.92B 36.92%
1995-12-31 $5.05B $0.84B 16.70%
1995-09-30 $6.20B $-2.35B -37.95%
1995-06-30 $7.25B $-1.16B -15.99%
1995-03-31 $8.29B $-0.01B -0.11%
1994-12-31 $9.33B $1.09B 11.70%
1994-09-30 $9.22B $1.06B 11.46%
1994-06-30 $9.13B $1.05B 11.44%
1994-03-31 $9.03B $1.01B 11.18%
1993-12-31 $8.88B $1.01B 11.33%
1993-09-30 $8.79B $1.33B 15.14%
1993-06-30 $8.68B $1.35B 15.60%
1993-03-31 $8.54B $1.41B 16.48%
1992-12-31 $8.80B $1.44B 16.33%
1992-09-30 $7.76B $0.95B 12.22%
1992-06-30 $7.86B $0.97B 12.39%
1992-03-31 $7.97B $0.98B 12.33%
1991-12-31 $7.80B $0.96B 12.30%
1991-09-30 $7.84B $0.42B 5.33%
1991-06-30 $7.65B $0.37B 4.85%
1991-03-31 $7.45B $0.34B 4.62%
1990-12-31 $7.23B $0.26B 3.64%
1990-09-30 $7.89B $0.93B 11.75%
1990-06-30 $7.68B $0.87B 11.32%
1990-03-31 $7.53B $0.82B 10.87%
1989-12-31 $7.40B $0.83B 11.27%
1989-06-30 $5.34B $0.56B 10.43%
1989-03-31 $5.18B $0.51B 9.87%
Sector Industry Market Cap Revenue
Medical Medical Products Manufacturing $8.854B $11.244B
Baxter International Inc. is a global medical technology company. The company consists of renal and hospital products, providing items such as kidney-dialysis equipment, infusion pumps, and intravenous (IV) solutions. Baxter has been reporting through six revenue segments. Renal Care, Medication Delivery, Pharmaceuticals, Clinical Nutrition, Advanced Surgery, Acute Therapies and Other. Baxter's Renal segment primarily consists of Peritoneal Dialysis (PD) and Hemodialysis (HD) therapies. The portfolio addresses the needs of patients with kidney failure or kidney disease, and their healthcare providers, with a comprehensive range of therapeutic options across home, in-center, and hospital settings for better individualized care.
Stock Name Country Market Cap PE Ratio
Abbott Laboratories (ABT) United States $174.688B 19.48
Stryker (SYK) United States $129.889B 24.88
Medtronic (MDT) Ireland $111.968B 15.57
EssilorLuxottica (ESLOY) France $107.724B 0.00
Boston Scientific (BSX) United States $91.831B 20.26
Medline (MDLN) United States $59.904B 0.00
Lonza Group Ag (LZAGY) Switzerland $45.712B 0.00
GE HealthCare Technologies (GEHC) United States $33.391B 15.98
ResMed (RMD) United States $33.341B 22.26
Agilent Technologies (A) United States $32.516B 20.44
Koninklijke Philips (PHG) Netherlands $27.260B 16.18
Terumo (TRUMY) Japan $19.854B 23.21
Zimmer Biomet Holdings (ZBH) United States $18.025B 11.36
Smith & Nephew SNATS (SNN) United Kingdom $14.227B 0.00
Insulet (PODD) United States $13.640B 39.54
Sunny Optical Technology (SNPTF) China $8.381B 0.00
Bio-Rad Laboratories (BIO) United States $7.537B 28.15
Demant (WILYY) Denmark $6.395B 0.00
Lantheus Holdings (LNTH) United States $5.247B 15.90
Envista Holdings (NVST) United States $4.301B 21.99
BillionToOne (BLLN) United States $3.729B 0.00
DiaSorin S.p.A (DSRLF) Italy $3.666B 0.00
ICU Medical (ICUI) United States $3.141B 20.47
Prestige Consumer Healthcare (PBH) United States $2.676B 12.62
Haemonetics (HAE) United States $2.664B 11.65
LeMaitre Vascular (LMAT) United States $2.611B 48.16
Phibro Animal Health (PAHC) United States $2.347B 20.67
GN Store Nord (GNNDY) Denmark $2.270B 21.90
Neogen (NEOG) United States $2.050B 44.86
Shandong Weigao Medical Polymer (SHWGF) China $2.028B 0.00
Capricor Therapeutics (CAPR) United States $1.794B 0.00
AdaptHealth (AHCO) United States $1.654B 32.89
Curaleaf Holdings (CURLF) Canada $1.584B 0.00
Perrigo (PRGO) Ireland $1.495B 3.96
AtriCure (ATRC) United States $1.429B 0.00
Green Thumb Industries (GTBIF) United States $1.386B 15.91
Kestra Medical Technologies (KMTS) United States $1.043B 0.00
BioLife Solutions (BLFS) United States $0.953B 164.50
QuidelOrtho (QDEL) United States $0.943B 6.53
Lumexa Imaging Holdings (LMRI) United States $0.896B 0.00
InMode (INMD) Israel $0.857B 9.40
Omeros (OMER) United States $0.827B 6.49
Maravai LifeSciences Holdings (MRVI) United States $0.789B 0.00
Tilray Brands (TLRY) Canada $0.766B 0.00
CeriBell (CBLL) United States $0.683B 0.00
Brainsway (BWAY) Israel $0.546B 55.68
Valneva SE (VALN) France $0.532B 0.00
VAREX IMAGING (VREX) United States $0.468B 11.18
Cresco Labs (CRLBF) United States $0.458B 0.00
Canopy Growth (CGC) Canada $0.424B 0.00
Verano Holdings (VRNO) United States $0.415B 0.00
Viemed Healthcare (VMD) United States $0.367B 25.70
SNDL (SNDL) Canada $0.366B 0.00
Cerus (CERS) United States $0.363B 0.00
SEMPERIT AG HLD (SEIGY) Austria $0.311B 126.00
Evolus (EOLS) United States $0.278B 0.00
TriSalus Life Sciences (TLSI) United States $0.259B 0.00
MacroGenics (MGNX) United States $0.229B 0.00
Owens & Minor (OMI) United States $0.217B 2.17
Accendra Health (ACH) United States $0.215B 2.96
Utah Medical Products (UTMD) United States $0.210B 18.94
High Tide (HITI) Canada $0.205B 0.00
OraSure Technologies (OSUR) United States $0.205B 0.00
Aurora Cannabis (ACB) Canada $0.194B 57.17
TerrAscend (TSNDF) Canada $0.193B 0.00
Organigram Global (OGI) Canada $0.191B 0.00
Apyx Medical (APYX) United States $0.166B 0.00
Quanterix (QTRX) United States $0.158B 0.00
Quipt Home Medical (QIPT) United States $0.157B 0.00
Sanara MedTech (SMTI) United States $0.152B 0.00
Sanuwave Health (SNWV) United States $0.145B 0.00
Oramed Pharmaceuticals (ORMP) United States $0.143B 0.00
Vireo Growth (VREOF) United States $0.133B 0.00
Fonar (FONR) United States $0.115B 16.53
Jushi Holdings (JUSHF) United States $0.101B 0.00
FitLife Brands (FTLF) United States $0.090B 11.73
Exagen (XGN) United States $0.073B 0.00
Sharps Technology (STSS) United States $0.065B 0.00
ImmuCell (ICCC) United States $0.064B 0.00
Biote (BTMD) United States $0.063B 3.46
INLIF (INLF) China $0.053B 0.00
Cytosorbents (CTSO) United States $0.038B 0.00
Veru (VERU) United States $0.038B 0.00
Rockwell Medical (RMTI) United States $0.036B 0.00
Nephros (NEPH) United States $0.032B 26.91
United-Guardian (UG) United States $0.030B 14.23
Bonk (BNKK) United States $0.021B 0.00
Jin Medical (ZJYL) China $0.018B 0.00
Modular Medical (MODD) United States $0.013B 0.00
Cellectar Biosciences (CLRB) United States $0.012B 0.00
Flora Growth (FLGC) United States $0.009B 0.00
Innovative Eyewear (LUCY) United States $0.007B 0.00
Zynex (ZYXI) United States $0.004B 0.00
Functional Brands (MEHA) United States $0.003B 0.00
Agape ATP (ATPC) $0.003B 0.00
Meihua Medical Technologies (MHUA) China $0.002B 0.00
IM Cannabis (IMCC) Canada $0.002B 0.00
Akanda (AKAN) Canada $0.002B 0.00
GlucoTrack (GCTK) United States $0.001B 0.00
InterCure (INCR) Israel $0.000B 0.00
InVivo Therapeutics Holdings (NVIVQ) United States $0.000B 0.00
Trinity Biotech (TRIB) Ireland $0.000B 0.00