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Baxter International Inc

baxter.com

Baxter International Inc (NYSE: BAX) is a medical products company that develops, manufactures, and sells hospital and renal care products used in acute and chronic care settings. Revenue is generated through the direct sale of medical devices, intravenous therapies, pharmaceuticals, and nutritional products to hospitals, clinics, and other healthcare providers. As of its 10-K filed February 12, 2026, Baxter completed a significant portfolio restructuring, selling its Kidney Care business (now Vantive Health LLC) to Carlyle Group affiliates on January 31, 2025 for approximately $3.71 billion in pre-tax cash proceeds. Baxter used the net after-tax proceeds, along with other sources, to repay $3.81 billion in legacy indebtedness during FY2025. The Kidney Care segment is reported as discontinued operations in Baxter's FY2025 consolidated financials, meaning the continuing business is now focused on its remaining hospital products and therapies segments.

Products & Services

Intravenous therapies, hospital pharmaceuticals, nutritional products, medical devices, and renal care products (Kidney Care segment divested to Vantive Health LLC on January 31, 2025, reported as discontinued operations in FY2025 financials per 10-K filed 2026-02-12).

Revenue Model

Transactional product sales to hospitals, clinics, and healthcare institutions. Products include medical devices, IV solutions, and pharmaceuticals sold directly to healthcare providers.

Customers & Markets

Hospitals, acute care clinics, and other healthcare institutions. End markets include acute hospital care settings.

Geographic Exposure

Not specified in the available filing excerpts.

Financial Snapshot

Revenue
TTM
$11.47B
Gross Margin
TTM
30.4%
Net Income
TTM
-$1.063B
Current Assets
2026 Q2
Current Liabilities
2026 Q2
Current Ratio
2026 Q2
194.63%
Total Assets
2026 Q2
Total Liabilities
2026 Q2
Book Value
2026 Q2
$6.179B
Cash
2026 Q2
P/E
Last 4 Quarters
N/A
Free Cash Flow
TTM
$646.0M

Stock Price

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Market Cap: $13.511 Billion

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