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Baxter International Inc. (BAX)

Healthcare | Medical Instruments & Supplies | Deerfield, United States | NYSE
25.58 USD +0.78 (3.161%) ⇧ (Oct. 15, 2026, 10:29 a.m. EDT)
Short-term:★★⯪☆☆Long-term:★☆☆☆☆Dividends:★☆☆☆☆
Hot Take ↕ | Oct. 10, 2026, 6:59 a.m. EDT

The investment case for Baxter International is currently broken by a severe deterioration in its core business metrics. Despite a recent earnings beat that lifted shares temporarily, the company is trapped in a multi-year structural decline, having lost more than half its value over the last nine years with four consecutive years of negative annual returns. Fundamentally, the picture is dire: the company is generating negative earnings per share (-$1.88 trailing EPS) and posting a negative return on equity (-14%), while carrying a crushing debt-to-equity ratio of 156%. The recent sales beat and margin contraction are insufficient to offset this fundamental rot. The dividend is effectively a value trap; with a payout ratio exceeding 150%, the company is distributing capital it does not generate, eroding its balance sheet further. While the forward P/E looks attractive at 12x, it is a misleading metric applied to a company with no current earnings. The options market confirms this pessimism, with traders buying protection at deep discount levels, signaling a belief that the stock could fall much further. Until the balance sheet is repaired and profitability is restored, this remains a speculative holding to be avoided.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.065245
AutoETS0.065246
AutoTheta0.066721
MSTL0.067324

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 46%
H-stat 0.14
Ljung-Box p 0.000
Jarque-Bera p 0.203
Excess Kurtosis -1.26
Attribute Value
Sector Healthcare
Ex Dividend Date 2026-08-27
Last Dividend Date 2026-08-27
Debt to Equity Ratio 156.449
Revenue per Share 22.272
Market Cap 13,226,774,528
Forward P/E 12.54
Beta 0.65
Profit Margins -9.27%
Website https://www.baxter.com

As of Oct. 10, 2026, 6:59 a.m. EDT: Speculators are positioning defensively with heavy out-of-the-money put volume, particularly at strikes significantly below the current price (e.g., $17.50, $20.00), suggesting a fear of a significant downside gap. Conversely, call activity is concentrated near the money and slightly out-of-the-money, indicating a hope for a modest rebound to test resistance levels rather than a breakout. The implied volatility skew shows elevated premiums for deep puts compared to calls, reflecting asymmetric risk pricing.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.04% 0.19% 1.85% 1.97%
Dividend History
Date Dividend Yield %
2026-08-28 0.010000 0.038270
2026-05-29 0.010000 0.053248
2026-02-27 0.010000 0.049092
2025-11-28 0.010000 0.053362
2025-08-29 0.170000 0.688538
2025-05-30 0.170000 0.557377
2025-02-28 0.170000 0.492611
2024-11-29 0.170000 0.504301
2024-08-30 0.290000 0.764365
2024-05-31 0.290000 0.850689
2024-02-29 0.290000 0.708700
2023-11-30 0.290000 0.803769
2023-08-31 0.290000 0.714286
2023-06-01 0.290000 0.703371
2023-02-23 0.290000 0.715873
2022-12-01 0.290000 0.553646
2022-09-01 0.290000 0.510923
2022-06-02 0.290000 0.390520
2022-02-24 0.280000 0.330774
2021-12-02 0.280000 0.367309
2021-09-02 0.280000 0.345423
2021-06-03 0.280000 0.342759
2021-02-25 0.245000 0.311507
2020-12-03 0.245000 0.321017
2020-08-28 0.245000 0.284784
2020-06-04 0.245000 0.276430
2020-02-27 0.220000 0.261066
2019-12-05 0.220000 0.266731
2019-08-29 0.220000 0.251429
2019-06-06 0.220000 0.286272
2019-02-28 0.190000 0.254249
2018-11-30 0.190000 0.277170
2018-08-30 0.190000 0.257104
2018-05-31 0.190000 0.268210
2018-03-01 0.160000 0.241291
2017-11-30 0.160000 0.244163
2017-08-30 0.160000 0.260247
2017-05-31 0.160000 0.269769
2017-03-01 0.130000 0.253857
2016-11-30 0.130000 0.292991
2016-08-31 0.130000 0.278194
2016-06-01 0.130000 0.300023
2016-03-02 0.115000 0.289600
2015-12-02 0.115000 0.307816
2015-09-02 0.115000 0.307487
2015-05-28 0.282455 0.774385
2015-03-09 0.282455 0.768094
2014-12-03 0.282455 0.705276
2014-09-03 0.282455 0.702987
2014-06-04 0.282455 0.712328
2014-03-05 0.266160 0.721225
2013-12-04 0.266160 0.733863
2013-09-04 0.266160 0.703014
2013-06-05 0.266160 0.711900
2013-03-06 0.244432 0.643132
2012-12-05 0.244432 0.697998
2012-09-05 0.244432 0.774792
2012-06-06 0.181966 0.665209
2012-03-07 0.181966 0.583013
2011-12-07 0.181966 0.660227
2011-09-07 0.168387 0.557956
2011-06-08 0.168387 0.536333
2011-03-08 0.168387 0.584355
2010-12-08 0.168387 0.626264
2010-09-08 0.157523 0.674889
2010-06-08 0.157523 0.707662
2010-03-08 0.157523 0.490444
2009-12-08 0.157523 0.526125
2009-09-08 0.141228 0.467627
2009-06-08 0.141228 0.558901
2009-03-06 0.141228 0.500772
2008-12-08 0.141228 0.497800
2008-09-08 0.118414 0.318900
2008-06-06 0.118414 0.357729
2008-03-06 0.118414 0.379924
2007-12-06 0.118414 0.366264
2007-09-06 0.091255 0.311921
2007-06-06 0.091255 0.294738
2007-03-07 0.091255 0.343911
2006-12-06 0.316133 1.296793
2005-12-07 0.316133 1.494993
2004-12-08 0.316133 1.811958
2003-12-10 0.316133 1.965555
2002-12-11 0.316133 2.022241
2001-12-12 0.316133 1.146122
2000-12-13 0.316133 1.368408
2000-04-03 0.736828 4.362614
1999-12-08 0.079033 0.464670
1999-09-22 0.078762 0.471547
1999-06-09 0.078762 0.432838
1999-03-10 0.078762 0.397263
1998-12-09 0.079033 0.460989
1998-09-08 0.078762 0.491528
1998-06-09 0.078762 0.529079
1998-03-10 0.078762 0.512710
1997-12-08 0.078762 0.565168
1997-09-08 0.076589 0.518027
1997-06-09 0.076589 0.523435
1997-03-06 0.082021 0.644269
1996-12-09 0.076860 0.677841
1996-10-01 0.977729 8.089883
1996-09-09 0.082021 0.671114
1996-06-10 0.082021 0.663739
1996-03-11 0.076589 0.618084
1995-12-11 0.076589 0.687807
1995-09-11 0.076589 0.739674
1995-06-12 0.076589 0.823360
1995-03-09 0.071157 0.845162
1994-12-01 0.071157 1.022439
1994-08-31 0.071157 0.923348
1994-06-02 0.067898 0.961540
1994-03-03 0.067898 1.111113
1993-12-02 0.067898 1.069521
1993-09-01 0.067898 0.925928
1993-06-03 0.067898 0.840338
1993-03-04 0.067898 0.858371
1992-12-03 0.058392 0.639403
1992-09-02 0.053034 0.593109
1992-06-04 0.053034 0.581086
1992-03-05 0.053034 0.609934
1991-12-05 0.045634 0.501700
1991-09-05 0.045634 0.524828
1991-06-06 0.045634 0.558497
1991-03-07 0.045634 0.573650
1990-12-06 0.039467 0.561406
1990-09-06 0.039467 0.680854
1990-06-07 0.039467 0.680854
1990-03-08 0.039467 0.643219
1989-12-07 0.034533 0.559993
1989-09-07 0.034533 0.612014
1989-06-08 0.034533 0.670650
1989-03-09 0.034533 0.727263
1988-12-06 0.030833 0.699291
1988-09-06 0.030833 0.602401
1988-06-07 0.030833 0.571420
1988-03-08 0.030833 0.490189
1987-12-08 0.027133 0.480867
1987-09-08 0.027133 0.419041
1987-06-09 0.027133 0.473111
1987-03-10 0.027133 0.444437
1986-12-09 0.024667 0.493832
1986-09-09 0.024667 0.579716
1986-06-10 0.024667 0.512826
1986-03-11 0.024667 0.559446
1985-12-09 0.022693 0.593538
1985-09-09 0.022693 0.634471
1985-06-04 0.022693 0.608253
1985-03-13 0.022693 0.618476
1984-12-03 0.020227 0.676297
1984-08-31 0.020227 0.489558
1984-06-05 0.020227 0.524807
1984-03-14 0.020227 0.475368
1983-12-05 0.017267 0.312854
1983-09-02 0.017267 0.234313
1983-06-07 0.017267 0.264780
1983-03-16 0.017267 0.270536
1982-12-06 0.014183 0.237107
1982-09-03 0.014183 0.267435
1982-06-07 0.014183 0.339474
1982-03-10 0.014183 0.353837
Additional Data
dividendYield 0.16
exDividendDate 2026-08-28
trailingAnnualDividendRate 0.2
trailingAnnualDividendYield 0.008064517
lastDividendValue 0.01
lastDividendDate 2026-08-28
dividendDate 2026-10-01

Info Dump

Attribute Value
52 Week Change 0.07966912
Address1 One Baxter Parkway
All Time High 95.19
All Time Low 2.898344
Ask 25.58
Ask Size 200
Audit Risk 3
Average Analyst Rating 2.8 - Hold
Average Daily Volume10 Day 5,791,190
Average Daily Volume3 Month 6,579,215
Average Volume 6,579,215
Average Volume10Days 5,791,190
Beta 0.651
Bid 25.57
Bid Size 400
Board Risk 2
Book Value 12.004
City Deerfield
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 10
Country United States
Crypto Tradeable 0
Currency USD
Current Price 25.5839
Current Ratio 1.946
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 25.61
Day Low 25.22
Debt To Equity 156.449
Display Name Baxter
Dividend Date 1,790,812,800
Dividend Yield 0.16
Earnings Call Timestamp End 1,793,304,000
Earnings Call Timestamp Start 1,793,304,000
Earnings Growth 0.368
Earnings Quarterly Growth 0.385
Earnings Timestamp 1,793,277,000
Earnings Timestamp End 1,793,277,000
Earnings Timestamp Start 1,793,277,000
Ebitda 1,884,000,000
Ebitda Margins 0.16424999
Enterprise To Ebitda 10.781
Enterprise To Revenue 1.771
Enterprise Value 20,311,500,800
Eps Current Year 2.04533
Eps Forward 2.03958
Eps Trailing Twelve Months -1.88
Esg Populated 0
Ex Dividend Date 1,787,875,200
Exchange NYQ
Exchange Data Delayed By 20
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 25.0728
Fifty Day Average Change 0.51110077
Fifty Day Average Change Percent 0.020384671
Fifty Two Week Change Percent 7.966912
Fifty Two Week High 30.0
Fifty Two Week High Change -4.4160995
Fifty Two Week High Change Percent -0.14720331
Fifty Two Week Low 15.73
Fifty Two Week Low Change 9.853901
Fifty Two Week Low Change Percent 0.62644
Fifty Two Week Range 15.73 - 30.0
Financial Currency USD
First Trade Date Milliseconds 373,041,000,000
Five Year Avg Dividend Yield 1.65
Float Shares 514,411,019
Forward Eps 2.03958
Forward P E 12.54371
Free Cashflow 1,000,374,976
Full Exchange Name NYSE
Full Time Employees 37,500
Fullday Change 0.7839012
Fullday Change Percent 3.160892
Fullday Price 25.5839
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,790,812,800
Gross Margins 0.34098
Gross Profits 3,911,000,064
Has Pre Post Market Data 1
Held Percent Insiders 0.0033500001
Held Percent Institutions 1.10446
Implied Shares Outstanding 516,995,999
Industry Medical Instruments & Supplies
Industry Disp Medical Instruments & Supplies
Industry Key medical-instruments-supplies
Ir Website http://investor.baxter.com/phoenix.zhtml?c=86121&p=irol-stockQuoteChart
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,787,875,200
Last Dividend Value 0.01
Last Fiscal Year End 1,767,139,200
Last Split Date 1,435,708,800
Last Split Factor 1,841:1000
Long Business Summary Baxter International Inc., through its subsidiaries, provides a portfolio of healthcare products in the United States. The company operates through three segments: Medical Products & Therapies, Healthcare Systems & Technologies, and Pharmaceuticals. It offers sterile intravenous (IV) solutions; infusion systems and devices; parenteral nutrition therapies; inhaled anesthetics; generic injectable pharmaceuticals; surgical hemostat and sealant products; advanced surgical equipment; smart bed systems; patient monitoring and diagnostic technologies; and respiratory health devices, as well as advanced equipment for the surgical space comprising operating room integration technologies, precision positioning devices, and other accessories. The company also provides specialty injectable pharmaceuticals, inhaled anesthetics, and drug compounding services. Its products are used in hospitals, nursing homes, rehabilitation centers, ambulatory surgery centers, doctors' offices, kidney dialysis centers, and patients at home under physician supervision. The company sells its products through direct sales force, independent distributors, drug wholesalers, and specialty pharmacy or other alternate site providers. It operates in Eastern Europe, the Middle East, Africa, Latin America, Asia, Western Europe, Canada, Japan, Australia, and New Zealand. Baxter International Inc. was incorporated in 1931 and is headquartered in Deerfield, Illinois.
Long Name Baxter International Inc.
Market us_market
Market Cap 13,226,774,528
Market State REGULAR
Max Age 86,400
Message Board Id finmb_254571
Most Recent Quarter 1,782,777,600
Net Income To Common -968,000,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 12,144,236,016
Number Of Analyst Opinions 12
Open 25.25
Operating Cashflow 1,319,000,064
Operating Margins 0.14425999
Overall Risk 6
Payout Ratio 1.5467
Peg Ratio 36.68
Phone 224 948 2000
Previous Close 24.8
Price Eps Current Year 12.508446
Price Hint 2
Price To Book 2.1312814
Price To Sales Trailing12 Months 1.1531626
Profit Margins -0.09268
Quick Ratio 1.133
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key hold
Recommendation Mean 2.78571
Region US
Regular Market Change 0.7839012
Regular Market Change Percent 3.160892
Regular Market Day High 25.61
Regular Market Day Low 25.22
Regular Market Day Range 25.22 - 25.61
Regular Market Open 25.25
Regular Market Previous Close 24.8
Regular Market Price 25.5839
Regular Market Time 1,792,074,554
Regular Market Volume 568,960
Return On Assets 0.028499998
Return On Equity -0.14371
Revenue Growth 0.053
Revenue Per Share 22.272
Sand P52 Week Change 0.16440773
Sector Healthcare
Sector Disp Healthcare
Sector Key healthcare
Share Holder Rights Risk 2
Shares Outstanding 516,995,999
Shares Percent Shares Out 0.0471
Shares Short 24,366,869
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 23,293,667
Short Name Baxter International Inc.
Short Percent Of Float 0.0744
Short Ratio 3.67
Source Interval 15
State IL
Symbol BAX
Target High Price 40.0
Target Low Price 20.0
Target Mean Price 27.91667
Target Median Price 27.5
Total Cash 2,150,000,128
Total Cash Per Share 4.159
Total Debt 9,667,000,320
Total Revenue 11,470,000,128
Tradeable 0
Trailing Annual Dividend Rate 0.2
Trailing Annual Dividend Yield 0.008064517
Trailing Eps -1.88
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 21.04325
Two Hundred Day Average Change 4.5406513
Two Hundred Day Average Change Percent 0.2157771
Type Disp Equity
Volume 568,960
Website https://www.baxter.com
Zip 60,015