BAX
Baxter InternationalPrevious close
23.00
Change
−0.50 / −2.13%
P/E (TTM) ?
—
Market Cap
$11.7B
1M
−4.17%
S&P 500 −0.91% over same period
Volume / Avg Volume
11.8M / 7.9M
1.50× average
Latest earnings analysisFY2026 Q2Reported 2026-07-30
Baxter Q2 2026: sales up 5.0%, full-year guidance raised
Baxter beat the $0.37 adjusted-EPS consensus by a wide margin with $0.56 and raised full-year guidance, so the quarter is better than the 5.0% sales growth alone suggests. Read the beat carefully: it leans on a one-time $0.11 per-share tariff refund, adjusted EPS still slipped 5.0% from a year ago, and GAAP net income was just $126 million. That combination is why the view below is Neutral rather than Bullish.
Read the full analysis →Revenue$2.96BYoY +5.30%
EPS (non-GAAP)$0.56Beatest. $0.37
Next-day move−2.21%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q2 Quarter ended 2026-06 | 2026-07-30 | $3.0B | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-04-30 | $2.7B | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-02-12 | $11.2B | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-10-30 | $2.8B | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-07-31 | $2.8B | Pending |
| FY2025 Q1 Quarter ended 2025-03 | 2025-05-01 | $2.6B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
A 5-year P/E range needs a longer earnings record; not yet comparable
Last 4 quarters: $0 in buybacks + $102M in dividends, 0.87% of market cap combined
P/E (TTM)
—
P/B
1.9
P/S
1.0
Dividend Yield
3.22%
Earnings Reaction
Over the last 6 reports, the stock moved ±2.5% on average on the first trading day after, rising 3 times
Most recent −2.21%
Volatility & Correlation
1-year beta 1.15 · Correlation with S&P 500 0.33Tracks the market
Annualized volatility 44% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
No open-market buys or sells by officers or directors in the last 90 days.
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q3 | 2.98 | +5.0% | 33.4% | 0.29 | 0.57 |
| FY2026 Q2 | 2.96 | +5.3% | 34.9% | 0.13 | 0.24 |
| FY2026 Q1 | 2.70 | +2.9% | 33.0% | -0.02 | -0.03 |
| FY2025 Q4 | 2.97 | +8.0% | 19.4% | -1.13 | -2.21 |
| FY2025 Q3 | 2.84 | +5.0% | 33.5% | -0.05 | -0.09 |
| FY2025 Q2 | 2.81 | +4.3% | 35.3% | 0.09 | 0.18 |
| FY2025 Q1 | 2.63 | +5.4% | 32.8% | 0.13 | 0.25 |
| FY2024 Q4 | 2.75 | +0.9% | — | -0.51 | -1.00 |
| FY2024 Q3 | 2.70 | +3.8% | 38.3% | 0.14 | 0.27 |
| FY2024 Q2 | 2.69 | +4.0% | 38.3% | -0.31 | -0.61 |
| FY2024 Q1 | 2.49 | +2.0% | 38.6% | 0.04 | 0.07 |
| FY2023 Q4 | 2.73 | −27.1% | — | 0.25 | 0.48 |
| Ticker | P/E | Revenue YoY | Gross Margin | 1M | View |
|---|---|---|---|---|---|
| BAX | — | +5.0% | 33.4% | −4.17% | Neutral |
| LLY | 50.2 | +38.6% | 83.9% | +22.51% | Bullish |
| JNJ | 41.3 | +5.9% | 68.1% | +3.20% | Bullish |
| ABBV | 81.4 | +10.2% | 74.7% | +12.73% | Bullish |
| UNH | 23.0 | +0.4% | 88.1% | +10.87% | Bullish |
| MRK | 117.2 | +5.1% | 73.5% | +2.90% | Neutral |
| TMO | 36.4 | +10.5% | — | +3.25% | Neutral |
| AMGN | 28.5 | +9.5% | 72.0% | +10.56% | Bullish |
| GILD | — | +6.8% | 81.1% | +14.51% | Neutral |