BAX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $25.30
Market Cap (MRQ) $17.28B
P/E (TTM) -12.1
EPS (TTM) $-2.09
Revenue (TTM) $11.47B
Div Yield 2.0%
ROE (TTM) -15.7%
Debt/Equity (MRQ) 0.0
52W Range $16–$30

BAX Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04
range
bars

Bar granularity adapts to the selected period — hover the chart to see open/high/low/close for a bar.

Stock splits 5
Ex-date Split Type
July 1, 2015 1841-for-1000 Forward
May 31, 2001 2-for-1 Forward
Dec. 1, 1992 1057-for-960 Forward
Nov. 18, 1983 2-for-1 Forward
Nov. 9, 1981 2-for-1 Forward

About Baxter International Inc. Common Stock Company overview from Wikipedia

05 · wikidata

Baxter International Inc. is an American multinational healthcare company with headquarters in Deerfield, Illinois.

The company primarily focuses on products to treat chronic and acute medical conditions. The company had 2023 global net sales of $14.8 billion (+2% vs 2022), across three business: "Medical Product and Therapies", "Healthcare Systems and Technologies" and Pharmaceuticals.

Baxter's Medical Product and Therapies business comprise two divisions: the first named "Advanced Surgery" that produce technologies to enhance surgeons' technique, increase efficiencies and improve outcomes. The second named "Infusion Therapies and Technologies" produces intravenous products and other products used in the delivery of fluids and drugs to patients.

Baxter's Healthcare System and Technologies business has four divisions "Front Line Care", "Digital Platform and Innovations", "Care and Connectivity Solutions" and "Global Services".

Baxter's Pharmaceuticals business produce inhalational anaesthetics and other differentiated hospital pharmaceuticals in areas of pain, critical care, anti-infection and oncology.

History

Baxter International was founded in 1931 by Donald Baxter, a Los Angeles-based medical doctor, as a manufacturer and distributor of intravenous therapy solutions. Seeing a need for products closer to the Midwest, the company opened a manufacturing plant in Glenview, Illinois, in 1933. Baxter's interest was bought out in 1935 by Ralph Falk, who established a research and development function. In 1939, the company developed a vacuum-type collection container, extending the shelf life of blood from hours to weeks. In 1954, the company expanded operations outside of the United States by opening an office in Belgium. In 1956, Baxter International introduced the first functioning artificial kidney, and in 1971 became a member of the Fortune 500.

In 1971, Baxter built a major manufacturing plant in Ashdod, Israel. As a result, the company was placed on the Arab League boycott list in the early 1980s.

Throughout the 1980s and 1990s, the company expanded to deliver a wider variety of products and services (including vaccines and a greater variety of blood products) through acquisitions of various companies. Sales and production facilities also expanded throughout the world.

In 1982, Baxter acquired Medcom, Inc., a New York-based firm founded by Richard Fuisz and his brother, that had large markets in the United States and Saudi Arabia. Baxter chief executive Vernon Loucks fired Fuisz who then brought anti-boycott charges against Baxter to the U.S. Commerce Department Office of Anti-Boycott Compliance (OAC). Fuisz alleged that Baxter had sold their profitable Ashdod facility to Teva Pharmaceutical Industries in 1988 while simultaneously negotiating the construction of a similar plant in Syria in partnership with the Syrian military in order to be removed from the Arab League blacklist in 1989. In 1993, Baxter pleaded guilty to a felony in relation to an anti-boycott law in the United States.

On July 15, 1985, American Hospital Supply Corporation CEO Karl D. Bays and Baxter's then-CEO Vernon R. Loucks Jr. signed an agreement that merged two of the United States' "largest producers of medical supplies". This was a "one-Baxter approach" in which the company provided "70% to 80% of what a hospital needed."

In 1991, Baxter's home infusion subsidiary, Caremark International, "was accused by the government of paying doctors to steer patients to its intravenous drug service" In 1992, Caremark spun off from Baxter International. Caremark was fined $160 million for the "four-year-long federal mail-fraud and kickback" scheme in which the "home-infusion business unit made weekly payments to scores of doctors that averaged about $75 per patient for referring those patients to its services. Some doctors earned as much as $80,000 a year from the kickbacks, according to government documents."

In 1996, the company entered into a four-way, $640 million settlement with haemophiliacs 1999 in relation to blood clotting concentrates that were infected with HIV. Under pressure from shareholders due to poor performance and an unsuccessful merger, Loucks was forced to resign.

Baxter acquired medical device firm Baxa on November 10, 2011. In 2011, Hikma Pharmaceuticals PLC completed the acquisition of Baxter Healthcare Corporation's US generic injectables business (Multi-Source Injectables or MSI).

In July 2013, EU antitrust regulators approved Baxter's bid for Sweden's Gambro.

In March 2014, Baxter announced plans to create two independent global healthcare companies—one focused on developing and marketing bio-pharmaceuticals and the other on medical products. The medical products company retained the name Baxter International Inc. and the bio-pharmaceuticals company is named Baxalta and spun-off as a new public company that showed on trading boards as of July 1, 2015.

In July 2014, Baxter announced that it was exiting the vaccines business—divesting its commercial vaccine portfolio to Pfizer (with the sale expected to close by the end of the year) and exploring options for its vaccines R&D program, including influenza. In October 2015, José E. Almeida was named chairman and chief executive officer. In January 2016 Shire PLC agreed to acquire Baxalta for $32 billion.

In December 2016, Baxter announced it would acquire Claris Lifesciences injectables subsidiary, Claris Injectables, for $625 million.

In December 2019, the company announced it would acquire Seprafilm from Sanofi for $350 million.

In September 2021, Baxter announced it would acquire Hill-rom for $12.4 billion. The acquisition was completed in December 2021 for $12.5 billion.

In May 2023, Baxter announced it was selling its biopharma solutions business, which offers drugmakers support in the form of products like injectable delivery systems and services that include regulatory resources, help with drug formulation and development, and packaging capabilities, to private equity firms Warburg Pincus and Advent International for $4.25 billion in cash.

In August 2024, Baxter agreed to divest its kidney care business unit, Vantive, to private equity firm Carlyle Group for $3.8 billion.

In September 2024, Hurricane Helene caused significant flooding in North Carolina, affecting a Baxter International facility in Marion. This facility produces approximately 60% of the intravenous (IV) fluids used in the United States. The disruption led to nationwide IV fluid shortages, prompting hospitals to ration supplies and implement strategies to conserve fluids. This also prompted questions from medical professionals about why such a large portion of the country's IV manufacturing capacity is tied to a single facility. As of November 7, 2024, the facility resumed producing some IV fluids. However, with the onset of flu season, hospitals continued to prioritize conservation efforts.

Environmental activities

In 1997, a report produced by the company indicated that changes made to reduce environmental impacts generated savings that exceeded their cost, producing a net profit. Reporting was company-wide, with a variety of aggregation and reporting, including on the company's internet and intranet sites. The company was an early joiner in the "green and greedy" movement, which aims to lessen the environmental impacts of manufacturing its products while saving the company money. In 2009, the company announced it had reached a variety of its environmentally friendly goals, and that it would continue to try to reduce waste, emissions, energy use and environmental incidents over the coming years.

Structure

The company had 2014 sales of $16.7 billion, across two businesses: BioScience (2013 sales - $6.6 billion) and Medical Products ($8.7 billion). Sales in 2013 were 42% in the United States, 30% in Europe, 16% in Asia Pacific, 12% in Latin America and Canada. In 2011, Baxter had approximately 61,500 employees. The breakdown of regional employees in 2013 was 36% in the United States; 34% in Europe; 16% in Asia Pacific; 14% in Latin America and Canada. In 2013, Baxter International spent more than $1.2 billion on research and development. As of December 31, 2016, the company had approximately 48,000 employees.

Corporate governance

In 1953, William Graham became the company's CEO. Vernon Loucks became president and CEO in 1980. Loucks was forced to resign by shareholders.

In January, as Baxter International Inc.'s Vernon Loucks relinquished his CEO duties after 18 years, directors handed him a special stock-option grant of 950,000 shares "for the specific purposes of motivating" him "to implement a smooth transition of his responsibilities." If Mr. Loucks sells all the 400,000 shares he can exercise at year end and Baxter's stock price remains at its current level, he will make more than $4 million.

During the tenure of Vernon Loucks, who was Baxter's CEO from 1980 to 1998 and chairman from 1987 to 1999, company sales "more than quadrupled to $5.7 billion while its workforce rose from 30,000 to 42,000." During that time, Loucks hired and groomed staff who went on to become CEOs elsewhere. Baxter alumni groomed by Loucks included Terry Mulligan of MedAssets, Lance Piccolo at Caremark, Mike Mussallem of Edwards Lifesciences Corp and CEOs of Boston Scientific Corp. and Cardinal Health.

Loucks was succeeded by Harry Kraemer, who was succeeded by Robert Parkinson, who took the CEO position in 2004.

H1N1 vaccine

In July 2009, Baxter International announced completion of the first commercial vaccine for the H1N1 ("swine flu") influenza. The company has been one of several working with the World Health Organization and United States Centers for Disease Control and Prevention on the vaccine, and uses a cell-based rather than egg-based technology that allows a shorter production time.

Philanthropy

In 2008, Baxter launched Science@Work: Expanding Minds with Real-World Science, which supports teacher training and student development in healthcare and biotechnology in Chicago Public Schools.

In 2013, the company was included in The Civic 50, a list of the most community-minded companies in America from The National Conference on Citizenship and Points of Light, published by Bloomberg.

In 2014, roughly 6,300 Baxter employees volunteered in their communities through The Baxter International Foundation's Dollars for Doers program, addressing local concerns such as healthcare, the environment and education. In 2014, Baxter and The Baxter International Foundation gave over $50 million.

Baxter was included for the 13th year in Corporate Responsibility magazine's 100 Best Corporate Citizens list in 2014 for its social responsibility performance.

Product defects and contamination

In August 1975, Baxter / Travenol withdrew a clotting factor product Hemofil after the product was associated with an outbreak of hepatitis B.

Baxter, unknown to the FDA, continued to use prison plasma in factor concentrate production until October 1983, despite having entered into an agreement with the FDA (11 months earlier) that they would no longer use US prison plasma, which posed a high risk of virus transmission.

It was announced in quarter 1 of 1996 that Baxter had agreed to settle a lawsuit involving 200 Japanese haemophilia patients who had become infected with HIV as a result of using contaminated haemophilia products which were unheated. The Japanese courts ordered for each victim to receive $411,460 by March 29 that year.

In 2010, a jury in Las Vegas, Nevada, ordered Baxter and Teva Pharmaceuticals to pay $144 million to patients who had been infected with hepatitis C after doctors wrongly reused dirty medical supplies to administer propofol to patients, although the label for propofol clearly states that it is for single-patient use only and that aseptic procedures should be used at all times. Per a 2009 indemnity agreement between Teva (the manufacturer) and Baxter (acting as a distributor on behalf of Teva), the litigation and related settlements were defended and paid by Teva.

In 2010, Baxter was ordered by the FDA to recall all of their Colleague infusion pumps from the market due to 87 recalls and deaths associated with the pump.

2001 Althane disaster

The Baxter Althane disaster in autumn 2001 was a series of over 50 sudden deaths of kidney failure patients in Spain, Croatia, Italy, Germany, Taiwan, Colombia and the USA (mainly Nebraska and Texas). All had received hospital treatment with Althane hemodialysis equipment, a product range manufactured by Baxter International, USA.

2008 Chinese heparin adulteration

In 2008, the quality of blood thinning products produced by Baxter was brought into question when they were linked to 81 deaths and 785 severe allergic reactions in the United States according to the FDA. Upon inspection, one of the raw ingredients used by Baxter was found to be contaminated – between 5 and 20 percent – with a substance that was similar, but not identical, to the ingredient itself. The company initiated a voluntary recall, temporarily suspended the manufacture of heparin, and launched an investigation.

The investigation into the contamination has focused on raw heparin produced by one of Baxter's subcontractors Changzhou Scientific Protein Laboratories, a China-based branch of Scientific Protein Laboratories, based in Waunakee, Wisconsin. Changzhou SPL's facilities were never subjected to inspection by US FDA officials. In addition, Changzhou SPL's products were also never certified as safe for use in pharmaceutical products by Chinese FDA officials, due to Changzhou SPL's registration as a chemical company rather than a pharmaceutical manufacturer.

Upon investigation of these adverse events by the FDA, academic institutions, and the involved pharmaceutical companies, the contaminant was identified as an "over-sulfated" derivative of chondroitin sulfate, a closely related substance obtained from mammal or fish cartilage and often used as a treatment for arthritis. Since over-sulfated chondroitin is not a naturally occurring molecule, it costs a fraction of true heparin precursor chemical, and mimics the in-vitro properties of heparin, the counterfeit was almost certainly intentional as opposed to an accidental lapse in manufacturing. The raw heparin batches were found to have been cut from 2–60% with the counterfeit substance, and motivation for the adulteration was attributed to a combination of cost effectiveness and a shortage of suitable pigs in Mainland China. In mid-January 2008 Baxter voluntarily recalled some lots of multi-dose vials of Heparin in February in consultation with the FDA Baxter recalled the rest of their Heparin products.

2009 Avian flu contamination

In early 2009, samples of viral material supplied by Baxter International to a series of European laboratories were found to be contaminated with live Avian flu virus (Influenza A virus subtype H5N1). Samples of the less harmful seasonal flu virus (subtype H3N2) were found to be mixed with the deadly H5N1 strain after a vaccine made from the material killed test animals in a lab in the Czech Republic. Though the serious consequences were avoided by the lab in the Czech Republic, Baxter then claimed the failed controls over the distribution of the virus were 'stringent' and there was 'little chance' of the lethal virus harming humans.

2009 drug cost inflation

On July 2, 2009, Kentucky Attorney General Jack Conway announced a settlement between the state and Baxter Healthcare Corporation, a subsidiary of Baxter International, worth $2 million. The company had been inflating the cost of the intravenous drugs sold to Kentucky Medicaid, at times as much as 1300%.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

sectorHealth Care industryHealth Care employees37,500 countryUS

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$11.24B
2018-12-31 → 2025-12-31
EPS$-1.87
2018-12-31 → 2025-12-31
Free Cash Flow$332M
2018-12-31 → 2025-12-31
Net margin-9.3%
2018-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend BAX 5Y avg Peer Median Verdict
P/E (TTM) -12.15Y avg ≈-0.5 ≈-0.5 · ·
P/S (TTM) 1.55Y avg ≈1.9 ≈1.9 3.9 Undervalued
P/B (MRQ) 2.85Y avg ≈2.7 ≈2.7 4.6 Undervalued
EV / EBITDA 22.85Y avg ≈16.9 ≈16.9 16.5 Fair value
Price / FCF 52.05Y avg ≈33.2 ≈33.2 · ·
Price / Cash Flow 20.45Y avg ≈16.8 ≈16.8 17.3 Undervalued
EV / Revenue 1.45Y avg ≈1.7 ≈1.7 · ·
EV / FCF 46.15Y avg ≈30.4 ≈30.4 · ·
Price / Tangible Book (MRQ) 8.1 · · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

13
Dividend Yield2.0%
Payout Ratio-36.4%
Annualized Payout≈$0.04Paid quarterly
5Y Div CAGR≈-7.0%Per share, split-adjusted
Ex-dateAmountCurrencyYield
Aug 28, 2026$0.01USD≈0.80%
May 29, 2026$0.01USD≈2.0%
Feb 27, 2026$0.01USD≈1.8%
Nov 28, 2025$0.01USD≈2.8%
Aug 29, 2025$0.17USD≈3.9%
May 30, 2025$0.17USD≈3.6%
Feb 28, 2025$0.17USD≈2.7%
Nov 29, 2024$0.17USD≈3.1%
Aug 30, 2024$0.29USD≈3.1%
May 31, 2024$0.29USD≈3.4%
Feb 29, 2024$0.29USD≈2.8%
Nov 30, 2023$0.29USD≈3.2%
Aug 31, 2023$0.29USD≈2.9%
Jun 1, 2023$0.29USD≈2.8%
Feb 23, 2023$0.29USD≈2.9%
Dec 1, 2022$0.29USD≈2.2%
Sep 1, 2022$0.29USD≈2.0%
Jun 2, 2022$0.29USD≈1.5%
Feb 24, 2022$0.28USD≈1.3%
Dec 2, 2021$0.28USD≈1.4%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise 11.9%
Next Report Oct 28, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Jul 29, 2026 $0.56 $0.37 51.5%
March 31, 2026 $0.36 $0.31 15.9%
Dec. 31, 2025 $0.44 $0.54 -18.7%
Sept. 30, 2025 $0.69 $0.60 14.2%
June 30, 2025 $0.59 $0.62 -4.3%
March 31, 2025 $0.55 $0.49 12.8%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 17
Metric Trend 202520242023202220212020201920182017201620152014
Revenue $11.24B$10.64B$10.36B$10.06B$12.15B$11.67B$11.36B$11.10B$10.58B$10.16B$9.97B$10.72B
Cost of Revenue $7.87B$6.65B$6.21B$6.51B$7.43B$7.09B$6.60B$6.34B$6.11B$6.05B$5.82B$6.14B
Gross Profit $3.38B$3.98B$4.15B$3.55B$4.72B$4.59B$4.76B$4.76B$4.47B$4.12B$4.15B$4.58B
R&D Expense $518M$590M$518M$450M$531M$521M$595M$654M$615M$646M$603M$610M
SG&A Expense $2.89B$2.97B$2.95B$3.10B$2.85B$2.47B$2.54B$2.62B$2.63B$2.73B$3.09B$3.31B
Operating Income $-308M$14M$707M$-2.85B$1.35B$1.62B$1.77B$1.58B$1.29B$745M$449M$656M
Interest Expense $290M$408M$508M$413M$207M$153M$111M$93M$85M$89M$146M$167M
Interest Income $52M$67M$69M$19M$14M$19M$40M$48M$30M$23M$20M$22M
Other Non-op $41M$38M$-26M$-9M$-41M$-190M$-731M$78M$-133M$4.28B$105M$-21M
Pretax Income $-505M$-289M$242M$-3.25B$1.12B$1.29B$970M$1.62B$1.10B$4.95B$428M$490M
Income Tax $395M$37M$61M$-135M$83M$182M$-41M$65M$491M$-12M$35M$33M
Net Income $-957M$-649M$2.66B$-2.43B$1.28B$1.10B$1.00B$1.55B$602M$4.96B$968M$2.50B
EPS (Basic) $-1.87$-1.27$5.25$-4.83$2.56$2.17$1.97$2.90$1.11$9.09$1.78$4.61
EPS (Diluted) $-1.87$-1.27$5.23$-4.83$2.53$2.13$1.93$2.83$1.08$9.01$1.76$4.56
Shares (Basic) 513,000,000510,000,000506,000,000504,000,000502,000,000509,000,000509,000,000534,000,000543,000,000546,000,000545,000,000542,000,000
Shares (Diluted) 513,000,000510,000,000508,000,000504,000,000508,000,000517,000,000519,000,000546,000,000555,000,000551,000,000549,000,000547,000,000
EBITDA $673M$1.01B$1.65B$-540M$2.60B$2.44B$2.56B$2.38B$2.02B$724M$1.21B$1.00B
Balance Sheet 31
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents $1.97B$1.76B$3.08B$1.62B$2.95B$3.73B$3.33B$1.84B$3.39B$2.80B$2.21B$2.92B
Short-term Investments ··········$5.15B·
Receivables $1.86B$1.68B$1.72B$2.57B$2.63B$2.01B$1.90B$1.84B····
Inventory $2.23B$2.05B$1.92B$2.68B$2.45B$1.92B$1.65B$1.67B$1.48B$1.43B$1.60B$1.58B
Prepaid Expense $813M$753M$706M$857M$839M$758M$619M$614M$601M$602M$855M$478M
Other Current Assets $341M$205M$145M$368M$390M$342M$315M$404M$368M$341M$435M$380M
Current Assets $6.87B$8.85B$9.60B$8.01B$8.87B$8.41B$7.50B$5.96B$7.26B$6.57B$11.80B$10.16B
PP&E (Net) $2.91B$2.87B$2.87B$4.70B$5.18B$4.72B$4.51B$4.53B$4.59B$4.29B$4.39B$4.43B
PP&E (Gross) $8.05B$7.65B$7.65B$10.78B$11.73B$11.27B$10.66B$10.33B$10.15B$9.16B$8.99B$8.95B
Accum. Depreciation $5.14B$4.78B$4.78B$6.08B$6.55B$6.55B$6.15B$5.80B$5.56B$4.87B$4.60B$4.52B
Goodwill $4.93B$5.28B$5.79B$6.45B$9.84B$3.22B$3.03B$3.00B$3.10B$2.60B$2.69B$2.93B
Intangibles $4.37B$5.22B$5.92B$6.79B$7.79B$1.67B$1.47B$1.41B$1.37B$1.11B$1.35B$1.62B
Other Non-current Assets $699M$755M$809M$1.11B$1.21B$1.40B$1.07B$819M$787M$977M$744M$930M
Total Assets $20.05B$25.78B$28.28B$28.29B$33.52B$20.02B$18.19B$15.72B$17.11B$15.55B$20.96B$26.14B
Accounts Payable $999M$968M$881M$1.11B$1.25B$1.04B$2.69B$2.81B$2.73B$2.61B$2.67B$2.68B
Accrued Liabilities $1.97B$1.86B$1.92B$2.17B$2.48B$1.88B······
Short-term Debt $1M$2.13B$0$299M$301M$0$226M$2M·$0$1.77B$913M
Current Liabilities $2.97B$6.51B$6.50B$4.75B$4.24B$3.33B$3.23B$2.81B$2.82B$2.74B$5.75B$6.04B
Capital Leases $223M$243M$265M$447M$522M$501M$510M·····
Deferred Tax $245M$103M$403M$661M$962M$143M$192M$215M$280M$93M$195M$168M
Other Non-current Liabilities $1.29B$1.08B$1.40B$1.85B$2.49B$1.67B$1.73B$1.56B$1.67B$1.74B$2.42B$2.94B
Total Liabilities $13.95B$18.76B$19.81B$22.39B$24.40B$11.29B$10.28B$7.85B$8.00B···
Long-term Debt $9.44B$13.18B$13.86B$16.70B$17.75B$6.23B······
Total Debt $1M$2.13B$0$299M$301M$0$226M$2M··$1.77B$913M
Common Stock $683M$683M$683M$683M$683M$683M$683M$683M$683M$683M$683M$683M
Retained Earnings $13.71B$14.93B$16.11B$14.05B$17.07B$16.33B$15.72B$15.07B$14.48B$14.20B$9.68B$13.23B
Treasury Stock $10.87B$11.06B$11.23B$11.39B$11.49B$11.05B$10.76B$9.99B$7.98B$8.00B$7.65B$7.99B
AOCI $-3.75B$-4.01B$-3.55B$-3.83B$-3.38B$-3.31B$-3.71B$-3.82B$-4.00B$-4.56B$224M$-3.65B
Stockholders' Equity $6.13B$6.96B$8.40B$5.83B$9.08B$8.69B$7.88B$7.84B$9.12B$8.29B$8.85B$8.12B
Liabilities + Equity $20.05B$25.78B$28.28B$28.29B$33.52B$20.02B$18.19B$15.72B$17.11B$15.55B$20.96B$26.14B
Shares Outstanding 683,000,000683,000,000683,000,000683,000,000683,000,000683,000,000······
Cash Flow 19
Metric Trend 202520242023202220212020201920182017201620152014
D&A $981M$997M$984M$1.07B$867M$823M$789M$771M$750M$800M$759M$792M
Stock-based Comp $117M$114M$115M$140M$146M$130M$122M$115M$107M$115M$126M$126M
Deferred Tax $77M$-262M$-256M$-260M$-161M$-88M$-310M$-263M$211M$-301M$-53M$-16M
Amort. of Intangibles $598M$625M$590M$679M$298M$222M$183M$169M$154M$163M$158M$169M
Restructuring $162M$146M$141M$144M$91M$111M$134M$117M$70M$285M$130M$-6M
Other Non-cash $627M$819M$-1.83B$2.31B$48M$-99M$502M$-161M$58M·$-153M$-368M
Operating Cash Flow $845M$1.02B$1.73B$1.21B$2.22B$1.87B$2.10B$2.02B$1.71B$1.65B$1.77B$3.21B
CapEx $513M$446M$432M$377M$691M$709M$696M$659M$616M$719M$911M$925M
Investing Cash Flow $2.84B$-626M$3.21B$-931M$-11.20B$-1.18B$-1.10B$-916M$-1.29B$-715M$-1.81B$-1.54B
Debt Issued $2.00B$0$0$0$11.90B$1.89B$1.66B$0$665M$1.64B$6.87B$41M
Net Debt Issued $2.00B·$0$-954M$9.08B$704M$1.66B·$632M$260M$3.09B$-988M
Stock Repurchased ·$0$0$32M$600M$500M$1.27B$2.45B$564M$292M·$550M
Net Stock Activity ·$0$0$-32M$-600M$-500M$-1.27B$-2.45B$-564M$-292M·$-550M
Dividends Paid $348M$590M$586M$573M$530M$473M$423M$376M$315M$268M$910M$1.09B
Financing Cash Flow $-4.22B$-1.08B$-3.49B$-1.44B$8.24B$-345M$498M$-2.60B$93M$-324M$-481M$-1.40B
Net Change in Cash $-446M$-784M$1.48B$-1.23B$-780M$401M$1.50B$-1.56B$617M$588M$-712M$192M
Taxes Paid $222M·······$255M$500M$466M$726M
Free Cash Flow $332M$573M$1.03B$532M$1.48B$1.16B$1.41B$1.42B$1.20B$935M$736M$1.32B
Levered FCF $-185M$113M$691M$105M$1.30B$1.03B$1.29B$1.33B$1.15B$846M$602M$1.18B
Profitability 8
Metric Trend 202520242023202220212020201920182017201620152014
Gross Margin 30.0%37.5%33.6%35.7%39.9%39.3%41.9%43.0%42.2%40.4%41.6%48.9%
Operating Margin -2.7%0.13%2.6%-12.9%13.4%13.8%15.6%14.4%11.9%7.1%4.5%·
Net Margin -8.5%-6.1%17.9%-16.1%10.0%9.4%8.8%14.6%6.8%48.9%9.7%15.0%
Pretax Margin -4.5%-2.7%-0.70%-15.6%11.6%11.1%8.5%15.2%11.5%48.8%4.3%14.6%
EBITDA Margin 6.0%9.5%11.2%-3.6%20.3%20.9%22.5%21.4%19.1%7.1%12.1%6.0%
ROA -4.2%-2.4%9.4%-7.9%4.8%5.8%5.6%10.0%4.4%27.2%4.1%9.8%
ROE -14.6%-8.5%37.3%-32.6%14.4%13.3%12.8%19.2%8.2%58.0%11.4%30.1%
ROIC -8.9%0.17%3.1%-32.6%16.0%16.0%22.8%19.8%8.2%8.8%3.9%·
Liquidity & Solvency 4
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 2.31.41.51.72.12.52.32.12.62.42.11.7
Quick Ratio 1.30.50.90.91.31.71.60.61.21.01.30.5
Debt / Equity 0.00.30.00.10.00.00.00.0··0.20.1
Interest Coverage -1.10.00.8-4.78.310.616.017.214.88.13.1·
Efficiency 3
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 0.50.40.50.50.50.60.60.70.60.60.40.7
Inventory Turnover 3.73.43.63.83.54.03.93.84.24.03.72.4
Receivables Turnover 6.46.35.65.75.55.96.1·····
Per Share 6
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share $8.97$10.20$12.30·········
Revenue / Share $21.92$20.85$29.27$29.99$25.17$22.58$21.89$20.38$19.03$18.44$18.16$30.48
Cash Flow / Share $1.65$2.00$3.41$2.40$4.37$3.61$4.05$3.84$3.31$3.00$3.00$5.88
Cash / Share $2.88$2.58$4.68·········
Dividend / Share $0.52$1.04$1.16$1.15$1.08$0.95$0.85$0.73$0.61$0.51$1.27$2.05
EPS (TTM) $-1.87$-1.27$5.23$-4.83$2.53$2.13$1.93$2.83$1.08$9.01$1.76$4.56
Growth Rates 8
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5.7%2.7%3.0%-17.2%4.0%·······
Revenue CAGR 3Y 3.8%-4.3%-3.9%·········
Revenue CAGR 5Y -0.75%···········
EPS YoY ····18.8%·······
EPS CAGR 3Y ··34.9%·········
Net Income YoY ····16.5%·······
Net Income CAGR 3Y ··34.1%·········
Dividends Paid CAGR 5Y -5.9%···········
Valuation (TTM) 16
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM $11.24B$10.64B$10.36B$10.06B$12.15B$11.67B$11.36B$11.10B$10.58B$10.16B$9.97B$10.72B
Net Income TTM $-957M$-649M$2.66B$-2.43B$1.28B$1.10B$1.00B$1.55B$602M$4.96B$968M$2.50B
Market Cap $13.05B$19.92B$26.40B·········
Enterprise Value $11.09B$20.28B$23.21B·········
P/E -10.2-23.07.4-10.633.937.743.323.359.94.921.78.7
P/S 1.21.92.5·········
P/B 2.12.93.1·········
P / Cash Flow 15.419.515.3·········
P / FCF 39.334.825.5·········
EV / EBITDA 16.520.114.0·········
EV / FCF 33.435.422.4·········
EV / Revenue 1.01.92.2·········
Dividend Yield 2.7%3.0%2.2%·········
Earnings Yield -9.8%-4.4%13.5%-9.5%2.9%2.6%2.3%4.3%1.7%20.3%4.6%11.5%
Payout Ratio -36.4%-90.9%22.1%-23.5%41.3%42.9%42.3%23.2%43.9%5.4%94.0%43.9%
Annual Payout $348M$590M$586M$573M$530M$473M$423M$376M$315M$268M$910M$1.09B

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $11.24B $10.64B $10.36B $10.06B $12.15B
Gross Margin % 30.0% 37.5% 33.6% 35.7% 39.9%
Operating Margin % -2.7% 0.13% 2.6% -12.9% 13.4%
Net Income $-957M $-649M $2.66B $-2.43B $1.28B
Diluted EPS $-1.87 $-1.27 $5.23 $-4.83 $2.53

Institutional owners (13F) 775 filers · $13.1B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 775
Value held $13.1B
New positions 107
Exited positions 71
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
107 (+7 vs prior Q) 71 (-41 vs prior Q) 255 (+55 vs prior Q) 207 (-55 vs prior Q) +36.7M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
BlackRock, Inc. $1,744,873,680 81,842,105 13.30% Shares
PZENA INVESTMENT MANAGEMENT LLC $1,392,097,779 65,295,393 10.61% Shares
Dodge & Cox $1,244,796,875 58,386,345 9.49% Shares
VANGUARD GROUP INC $1,196,957,448 62,635,136 9.13% Shares
FMR LLC $1,149,442,869 53,913,831 8.76% Shares
VANGUARD CAPITAL MANAGEMENT LLC $719,641,250 33,754,280 5.49% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $512,899,291 24,057,190 3.91% Shares
STATE STREET CORP $439,402,323 20,600,468 3.35% Shares
GREENHAVEN ASSOCIATES INC $304,561,061 14,285,228 2.32% Shares
GEODE CAPITAL MANAGEMENT, LLC $300,585,560 14,123,689 2.29% Shares
Invesco Ltd. $263,555,309 12,361,881 2.01% Shares
UBS Group AG $203,164,867 9,529,309 1.55% Shares
First Pacific Advisors, LP $162,418,851 7,618,145 1.24% Shares
GOLDMAN SACHS GROUP INC $152,447,841 7,150,462 1.16% Shares
EQUITY INVESTMENT CORP $146,815,171 6,886,265 1.12% Shares
MORGAN STANLEY $135,590,767 6,359,790 1.03% Shares
BANK OF AMERICA CORP /DE/ $132,993,094 6,237,950 1.01% Shares
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO $132,718,279 6,225,060 1.01% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $127,849,878 5,996,711 0.97% Shares
DIMENSIONAL FUND ADVISORS LP $119,678,605 5,612,144 0.91% Shares
NORTHERN TRUST CORP $103,700,566 4,864,004 0.79% Shares
MARSHALL WACE, LLP $103,556,932 4,857,267 0.79% Shares
NORGES BANK $88,369,375 4,144,905 0.67% Shares
Camber Capital Management LP $86,298,000 2,850,000 0.66% Shares
RWC Asset Management LLP $74,942,832 3,122,618 0.57% Shares
Russell Investments Group, Ltd. $70,473,821 3,298,910 0.54% Shares
Bank of New York Mellon Corp $68,036,339 3,191,198 0.52% Shares
FIL Ltd $62,692,547 2,940,551 0.48% Shares
VANGUARD FIDUCIARY TRUST CO $61,825,911 2,899,902 0.47% Shares
Holocene Advisors, LP $56,847,563 2,666,396 0.43% Shares
JONES FINANCIAL COMPANIES LLLP $53,031,911 2,406,207 0.40% Shares
JPMORGAN CHASE & CO $52,584,347 2,364,139 0.40% Shares
EDMOND DE ROTHSCHILD HOLDING S.A. $51,957,949 2,437,052 0.40% Shares
RAYMOND JAMES FINANCIAL INC $45,111,020 2,115,902 0.34% Shares
DEUTSCHE BANK AG\ $44,167,408 2,071,642 0.34% Shares
AQR CAPITAL MANAGEMENT LLC $41,275,793 1,936,013 0.31% Shares
GENDELL JEFFREY L $37,435,745 1,755,898 0.29% Shares
BNP PARIBAS FINANCIAL MARKETS $35,469,274 1,663,662 0.27% Shares
Defilade Capital Management, L.P. $31,113,982 1,459,380 0.24% Shares
TOCQUEVILLE ASSET MANAGEMENT L.P. $30,604,007 1,435,460 0.23% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $29,727,516 1,769,495 0.23% Shares
Front Street Capital Management, Inc. $28,142,229 1,319,992 0.21% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $27,995,292 1,313,100 0.21% Call option
ENVESTNET ASSET MANAGEMENT INC $27,447,411 1,287,402 0.21% Shares
WEDGE CAPITAL MANAGEMENT L L P/NC $25,572,024 1,065,501 0.19% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $25,257,804 1,184,700 0.19% Put option
Auto-Owners Insurance Co $25,200,000 1,050,000 0.19% Shares
RHUMBLINE ADVISERS $24,047,417 1,127,932 0.18% Shares
BANK OF MONTREAL /CAN/ $23,858,765 1,119,079 0.18% Shares
Vanguard Global Advisers, LLC $23,023,958 1,079,923 0.18% Shares

Show all 775 institutional owners →

Activists & 5%+ owners 16 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
OR May 17, 2019 · Initial filing · SEC
Third Point LLC, Daniel S. Loeb ×6 filings Dec. 4, 2018 · Initial filing · SEC
Baxter International Inc. ( Dec. 21, 2011 · Initial filing M&A / sale SEC
Undisclosed reporting person Dec. 18, 2003 · Initial filing · SEC
BAXTER INTERNATIONAL INC. (“Parent”) June 25, 2003 · Initial filing M&A / sale SEC
Undisclosed reporting person March 24, 2003 · Initial filing · SEC
Undisclosed reporting person Nov. 1, 2002 · Initial filing · SEC
Undisclosed reporting person Oct. 18, 2002 · Initial filing · SEC
Undisclosed reporting person Sept. 20, 2002 · Initial filing · SEC
Undisclosed reporting person June 27, 2002 · Initial filing · SEC
Undisclosed reporting person March 12, 2002 · Initial filing · SEC
Undisclosed reporting person March 8, 2002 · Initial filing M&A / sale SEC
Undisclosed reporting person March 6, 2002 · Initial filing M&A / sale SEC
Undisclosed reporting person Jan. 16, 2002 · Initial filing · SEC
Undisclosed reporting person July 3, 2001 · Initial filing · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 95 insiders · 55 officers · 30 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Andrew P. Hider President and CEO Sept. 2, 2026 F 518,447 0 0 $0
Jose E Almeida Chairman, CEO, President Dec. 13, 2024 F 243,589 0 0 $0
Robert L Parkinson JR Chairman of the Board and CEO Aug. 11, 2015 A 693,401 0 0 $0
Anita A Zielinski SVP, Interim CFO, CAO & Cntrlr June 1, 2026 A 59,714 0 0 $0
Joel T. Grade EVP and CFO March 6, 2026 F 271,674 0 0 $0
James Saccaro EVP, Chief Financial Officer March 2, 2023 F 177,899 0 0 $0
Julie Foster President, Front Line Care Sept. 2, 2026 F 29,164 0 0 $0
James Teaff President, CCS Sept. 1, 2026 F 30,370 0 0 $0
Steven P. Wallace President, Adv. Surgery June 2, 2026 F 70,128 0 0 $0
Heather Knight EVP, Chief Operating Officer March 6, 2025 A 177,362 0 0 $0
Giuseppe Accogli EVP, Chief Operating Officer March 2, 2022 A 76,495 0 0 $0
Maria Cecilia Soriano Group Pres., ITT & Pharma. March 6, 2026 F 75,045 0 0 $0
Reaz Rasul EVP,Group Pres,Healthcare March 6, 2026 F 125,557 0 0 $0
David S. Rosenbloom EVP and General Counsel March 6, 2026 F 138,216 0 0 $0
Cynthia Carlisle Executive Vice President, CHRO Feb. 27, 2026 A 29,677 0 0 $0
Jeanne K Mason EVP, Chief HR Officer Dec. 12, 2025 F 199,853 0 0 $0
Alok Sonig EVP,Group President,Pharma Sept. 2, 2025 F 128,219 0 0 $0
James W Borzi EVP,Chief Supply Chain Officer Sept. 2, 2025 F 71,948 0 0 $0
Christopher A. Toth EVP, Group Pres, Kidney Care Jan. 31, 2025 F 105,186 0 0 $0
Brian Stevens SVP, CAO & Controller March 6, 2024 A 67,538 0 0 $0
Jacqueline Kunzler SVP, Chief Quality Officer March 2, 2023 F 22,625 0 0 $0
Cristiano Franzi SVP, President, EMEA March 2, 2023 F 102,145 0 0 $0
Steven Flynn SVP, President, APAC March 1, 2023 A 31,080 0 0 $0
Andrew Frye SVP, President, APAC March 2, 2022 A 22,002 0 0 $0
Sean Martin SVP and General Counsel March 2, 2022 A 52,632 0 0 $0
Scott Pleau SVP, Operations March 29, 2019 M 20,076 0 0 $0
Brik V Eyre SVP, President, Americas Feb. 28, 2019 A 77,998 0 0 $0
Caroline Karp SVP, Controller March 5, 2018 F 12,557 0 0 $0
Marcus Schabacker CVP, Chief Scientific Officer March 6, 2017 F 35,602 0 0 $0
Paul Vibert CVP, International March 6, 2017 F 51,283 0 0 $0
David P. Scharf CVP and General Counsel Feb. 21, 2017 A 109,789 0 0 $0
Robert Felicelli CVP, Business Transformation Dec. 30, 2016 A 30,992 0 0 $0
Timothy P Lawrence CVP, Operations March 7, 2016 F 34,478 0 0 $0
Jill M Schaaf CVP, Renal March 7, 2016 F 47,779 0 0 $0
Sebastian J Bufalino CVP, Controller March 3, 2016 A 21,561 0 0 $0
Ludwig Hantson Corporate Vice President June 1, 2015 F 109,990 0 0 $0
Robert J. Hombach Corporate Vice President March 3, 2015 A 80,967 0 0 $0
Phillip L. Batchelor Corporate Vice President March 4, 2014 A 19,705 0 0 $0
Norbert G Riedel Corporate Vice President Jan. 16, 2013 F 56,689 0 0 $0
James M Gatling Corporate Vice President March 4, 2011 A 154,390 0 0 $0
Joy A Amundson Corporate Vice President March 15, 2010 F 81,665 0 0 $0
LICHTENSTEIN SUSAN R Corporate Vice President March 16, 2009 F 21,676 0 0 $0
Carlos Del Salto Corporate Vice President Sept. 8, 2005 M 36,289 0 0 $0
Karen J May Corporate Vice President July 28, 2005 M 63,126 0 0 $0
Michael J Tucker Senior Vice President May 24, 2004 M 210,616 0 0 $0
David F Drohan Senior Vice President May 3, 2004 S 61,879 0 0 $0
Brian P Anderson Senior Vice President and April 26, 2004 M 155,427 0 0 $0
John C Moon Corporate Vice President Dec. 19, 2003 A · 0 0 $0
Neville J Jeharajah Corporate Vice President Dec. 19, 2003 A 127,603 0 0 $0
Gregory P Young Corporate Vice President Nov. 18, 2003 A · 0 0 $0
Thomas J Sabatino JR Senior Vice President Nov. 18, 2003 A · 0 0 $0
Steven J Meyer Treasurer Nov. 18, 2003 A · 0 0 $0
James R Hurley Corporate Vice President Nov. 18, 2003 A · 0 0 $0
Thomas H Glanzmann Senior Vice President Nov. 18, 2003 A · 0 0 $0
Harry M Jansen Kraemer JR Chairman and Nov. 18, 2003 A 694,556 0 0 $0
William A. Ampofo II Director May 5, 2026 A 30,375 0 0 $0
David S. Wilkes Director May 5, 2026 A 37,076 0 0 $0
David Brent Shafer Director May 5, 2026 A 72,804 0 0 $0
Amy Mcbride Wendell Director May 5, 2026 A 44,235 0 0 $0
Nancy M Schlichting Director May 5, 2026 A 34,994 0 0 $0
Jeffrey A Craig Director May 5, 2026 A 23,662 0 0 $0
Patricia Morrison Director May 5, 2026 A 42,386 0 0 $0
Michael R. Mcdonnell Director May 5, 2026 A 14,647 0 0 $0
Cathy R Smith Director May 6, 2025 A 30,345 0 0 $0
Stephen N. Oesterle Director May 6, 2025 A 35,847 0 0 $0
Stephen H Rusckowski Director May 6, 2025 A 16,499 0 0 $0
Peter M Wilver Director May 7, 2024 A 13,267 0 0 $0
Michael F Mahoney Director May 2, 2023 A 9,692 0 0 $0
Albert P L Stroucken Director March 20, 2023 M 36,835 0 0 $0
Thomas F Chen Director May 3, 2022 A 15,740 0 0 $0
HELLMAN PETER S Director May 3, 2022 A 30,335 0 0 $0
John D Forsyth Director April 1, 2022 M 27,029 0 0 $0
Thomas T Stallkamp Director May 4, 2021 A 11,576 0 0 $0
Carole J Uhrich Director Dec. 13, 2018 M 9,848 0 0 $0
Uma Chowdhry Director May 3, 2016 A 9,874 0 0 $0
Munib Islam Director Sept. 29, 2015 A 0 0 0 $0
Wayne T Hockmeyer Director May 5, 2015 A 12,359 0 0 $0
Gail D Fosler Director May 5, 2015 A 32,566 0 0 $0
Thomas Fang-Tyan Chen Director Nov. 12, 2012 A 790 0 0 $0
Walter E Boomer Director May 3, 2011 A 25,002 0 0 $0
Joseph B Martin Director Oct. 25, 2010 S 8,637 0 0 $0
Fred L Turner Director May 4, 2004 A 40,062 0 0 $0
James R Gavin III · Sept. 11, 2020 J 39,508 0 0 $0
Kornelis J. Storm · March 28, 2018 M 22,512 0 0 $0
Blake E Devitt · May 5, 2015 A 19,892 0 0 $0
Robert M Davis · March 4, 2014 A 128,146 0 0 $0
Jean Luc Butel · March 4, 2014 A 62,316 0 0 $0
Michael J Baughman · Jan. 16, 2013 F 30,042 0 0 $0
Karenann K Terrell · March 15, 2010 F 22,822 0 0 $0
Cheryl L White · March 15, 2010 F 31,401 0 0 $0
Peter J Arduini · March 15, 2010 F 68,975 0 0 $0
Bruce Mcgillivray · March 15, 2010 F 52,566 0 0 $0
John J Greisch · March 16, 2009 F 85,474 0 0 $0
James E Utts · March 14, 2006 A 27,926 0 0 $0
Lawrence T Gibbons · March 14, 2005 A 21,000 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 93 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
IHI · iShares Trust 1.88% 2,469,078 SH Sept. 11, 2026 Daily
RSPH · Invesco Exchange-Traded Fund Trust 1.60% 603,133 SH Oct. 23, 2026 Daily
CVGD · Elevation Series Trust 1.17% 61,914 NS July 31, 2026 N-PORT
RPV · Invesco Exchange-Traded Fund Trust 0.96% 657,322 SH Oct. 23, 2026 Daily
PALC · Pacer Funds Trust 0.72% 58,138 NS July 31, 2026 N-PORT
RCGE · EA Series Trust 0.62% 23,531 NS July 31, 2026 N-PORT
IQSM · New York Life Investments ETF Trust 0.55% 69,117 NS July 31, 2026 N-PORT
FFLC · FIDELITY COVINGTON TRUST 0.50% 230,785 NS July 31, 2026 N-PORT
DFSV · Dimensional ETF Trust 0.37% 1,164,330 NS July 31, 2026 N-PORT
BKMC · BNY Mellon ETF Trust 0.34% 85,342 NS July 31, 2026 N-PORT
BBMC · J.P. Morgan Exchange-Traded Fund Tr… 0.29% 225,008 NS July 31, 2026 N-PORT
BSCS · Invesco Exchange-Traded Self-Indexe… 0.27% 10,141,000 Oct. 23, 2026 Daily
VBR · VANGUARD INDEX FUNDS 0.23% 7,517,603 SH Aug. 19, 2026 Daily
RSP · Invesco Exchange-Traded Fund Trust 0.21% 8,046,816 SH Oct. 23, 2026 Daily
IYH · iShares Trust 0.20% 301,050 SH Sept. 11, 2026 Daily
FHLC · FIDELITY COVINGTON TRUST 0.19% 244,882 NS July 31, 2026 N-PORT
BSCR · Invesco Exchange-Traded Self-Indexe… 0.19% 8,632,000 Oct. 23, 2026 Daily
BSCU · Invesco Exchange-Traded Self-Indexe… 0.19% 5,304,000 Oct. 23, 2026 Daily
PFIG · Invesco Exchange-Traded Fund Trust … 0.18% 255,000 Oct. 23, 2026 Daily
SPXD · DBX ETF Trust 0.17% 478 NS Aug. 31, 2026 N-PORT
SMMD · iShares Trust 0.17% 273,952 SH Sept. 11, 2026 Daily
REVS · Columbia ETF Trust I 0.17% 21,275 NS July 31, 2026 N-PORT
VHT · VANGUARD WORLD FUND 0.16% 1,551,880 SH Aug. 19, 2026 Daily
IXJ · iShares Trust 0.16% 270,930 SH Sept. 11, 2026 Daily
CURE · Direxion Shares ETF Trust 0.15% 10,162 NS July 31, 2026 N-PORT
ESML · iShares Trust 0.15% 178,878 SH Sept. 11, 2026 Daily
VB · VANGUARD INDEX FUNDS 0.13% 11,840,903 SH Aug. 19, 2026 Daily
DFAS · Dimensional ETF Trust 0.13% 747,950 NS July 31, 2026 N-PORT
IWS · iShares Trust 0.12% 768,810 SH Sept. 11, 2026 Daily
TILT · FlexShares Trust 0.12% 99,540 NS July 31, 2026 N-PORT
WSML · iShares Trust 0.11% 31,600 SH Sept. 11, 2026 Daily
RECS · Columbia ETF Trust I 0.11% 241,491 NS July 31, 2026 N-PORT
EQAL · Invesco Exchange-Traded Fund Trust … 0.10% 31,151 SH Oct. 23, 2026 Daily
IWR · iShares Trust 0.09% 2,108,562 SH Sept. 11, 2026 Daily
PRF · Invesco Exchange-Traded Fund Trust 0.08% 332,817 SH Oct. 23, 2026 Daily
DXUV · Dimensional ETF Trust 0.08% 17,072 NS July 31, 2026 N-PORT
XOEF · iShares Trust 0.07% 648 SH Sept. 11, 2026 Daily
IUS · Invesco Exchange-Traded Self-Indexe… 0.07% 26,816 SH Oct. 23, 2026 Daily
RWL · Invesco Exchange-Traded Fund Trust … 0.06% 237,767 SH Oct. 23, 2026 Daily
VYM · VANGUARD WHITEHALL FUNDS 0.05% 2,050,276 SH Aug. 19, 2026 Daily
IVE · iShares Trust 0.04% 858,748 SH Sept. 11, 2026 Daily
VOOV · VANGUARD ADMIRAL FUNDS 0.04% 119,331 SH Aug. 19, 2026 Daily
IUSV · iShares Trust 0.04% 455,587 SH Sept. 11, 2026 Daily
QVML · Invesco Exchange-Traded Fund Trust … 0.03% 22,707 SH Oct. 23, 2026 Daily
IWD · iShares Trust 0.03% 1,140,087 SH Sept. 11, 2026 Daily
SNPE · DBX ETF Trust 0.03% 36,781 NS Aug. 31, 2026 N-PORT
VONV · VANGUARD SCOTTSDALE FUNDS 0.03% 309,840 SH Aug. 19, 2026 Daily
TOPC · iShares Trust 0.02% 310 SH Sept. 10, 2026 Daily
XVV · iShares Trust 0.02% 6,058 SH Sept. 11, 2026 Daily
PTLC · Pacer Funds Trust 0.02% 26,030 NS July 31, 2026 N-PORT
PBP · Invesco Exchange-Traded Fund Trust 0.02% 3,100 SH Oct. 23, 2026 Daily
VOO · VANGUARD INDEX FUNDS 0.02% 13,415,205 SH Aug. 19, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.02% 16,400,415 SH Aug. 19, 2026 Daily
VONE · VANGUARD SCOTTSDALE FUNDS 0.02% 86,012 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.02% 43,331 SH Aug. 19, 2026 Daily
ESGV · VANGUARD WORLD FUND 0.02% 115,996 SH Aug. 19, 2026 Daily
SPUU · Direxion Shares ETF Trust 0.02% 1,949 NS July 31, 2026 N-PORT
IVV · iShares Trust 0.02% 6,509,359 SH Sept. 11, 2026 Daily
QDPL · Pacer Funds Trust 0.02% 12,415 NS July 31, 2026 N-PORT
DEUS · DBX ETF Trust 0.02% 2,058 NS Aug. 31, 2026 N-PORT
IWB · iShares Trust 0.02% 354,549 SH Sept. 11, 2026 Daily
IYY · iShares Trust 0.02% 21,559 SH Sept. 11, 2026 Daily
ITOT · iShares Trust 0.02% 678,263 SH Sept. 11, 2026 Daily
PHDG · Invesco Actively Managed Exchange-T… 0.02% 411 SH Oct. 23, 2026 Daily
IWV · iShares Trust 0.02% 139,983 SH Sept. 11, 2026 Daily
HCMT · Direxion Shares ETF Trust 0.02% 3,599 NS July 31, 2026 N-PORT
SPXL · Direxion Shares ETF Trust 0.02% 40,378 NS July 31, 2026 N-PORT
OMFL · Invesco Exchange-Traded Self-Indexe… 0.01% 23,852 SH Oct. 23, 2026 Daily
DCOR · Dimensional ETF Trust 0.01% 15,166 NS July 31, 2026 N-PORT
DFAT · Dimensional ETF Trust 0.01% 57,850 NS July 31, 2026 N-PORT
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.01% 421,008 SH Aug. 19, 2026 Daily
DFUS · Dimensional ETF Trust 0.01% 62,434 NS July 31, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.00% 19,213 NS July 31, 2026 N-PORT
DFAU · Dimensional ETF Trust 0.00% 1,000 NS July 31, 2026 N-PORT
DFUV · Dimensional ETF Trust 0.00% 464 NS July 31, 2026 N-PORT
BIV · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
BLV · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
BSV · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
BND · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
VUSB · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
VCRB · VANGUARD MALVERN FUNDS · · July 15, 2026 Daily
VPLS · VANGUARD MALVERN FUNDS · · July 15, 2026 Daily
VSDB · VANGUARD MALVERN FUNDS · · July 15, 2026 Daily
VGMS · VANGUARD MALVERN FUNDS · · July 15, 2026 Daily
VCSH · VANGUARD SCOTTSDALE FUNDS · · July 15, 2026 Daily
VCIT · VANGUARD SCOTTSDALE FUNDS · · July 15, 2026 Daily
VCLT · VANGUARD SCOTTSDALE FUNDS · · July 15, 2026 Daily
VTC · VANGUARD SCOTTSDALE FUNDS · · July 30, 2026 Daily
BNDW · VANGUARD SCOTTSDALE FUNDS · · July 30, 2026 Daily
BNDX · VANGUARD CHARLOTTE FUNDS · · July 15, 2026 Daily
ISCB · iShares Trust · 23,045 SH Sept. 11, 2026 Daily
ISCV · iShares Trust · 113,814 SH Sept. 11, 2026 Daily
SMLF · iShares Trust · 111,896 SH Sept. 11, 2026 Daily

BAX Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 19 analysts HOLD
Median target $27.50 +8.7%
1 5.3% Strong Buy
4 21.1% Buy
14 73.7% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

12 analysts · 2026-10-23

Mean target $27.92 +10.3%

Now Current price $25.30
Low$20.00 Mean$27.92 High$40.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
BAX $13.05B -10.2 5.7% -8.5% -14.6% 30.0%
RMD $28.11B 18.7 9.8% 26.9% 23.6% 61.1%
GEHC · 18.0 4.8% 10.1% 22.1% 40.0%
DXCM $25.54B 31.8 15.6% 17.9% 31.4% 60.1%
ZBH $28.66B 25.3 7.2% 8.6% 5.6% ·
PEN $12.20B 68.8 17.5% 12.7% 13.1% 67.1%
GMED · 22.3 16.7% 18.3% 12.1% ·
GKOS $6.49B -34.4 32.3% -37.0% -26.4% 55.7%
PODD $20.01B 81.7 30.7% 9.1% 16.6% 71.6%
TFX · -6.0 17.2% -45.5% -24.6% 56.2%
ABT $250.18B 33.7 5.7% 14.7% 13.1% ·

Latest News Recent headlines mentioning this company

23

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

Pick the metrics that matter to you — click the + next to any row in Full Fundamentals above.

Your selection is saved and follows you across all tickers.

Source: SEC 10-Q filed Jul 30, 2026