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Baxter International Inc. (BAX)

Healthcare | Medical Instruments & Supplies | Deerfield, United States | NYSE
22.57 USD -0.05 (-0.221%) ⇩ (July 13, 2026, 4 p.m. EDT)
Short-term:★★⯪☆☆Long-term:★☆☆☆☆Dividends:★★☆☆☆
Hot Take ↕ | July 11, 2026, 4:26 a.m. EDT

The investment case for Baxter International is currently fractured by a severe disconnect between its operational reality and its capital allocation strategy. While the company recently gained inclusion in major indices, the underlying business is in a prolonged freefall, having suffered five consecutive years of negative annual returns and a cumulative decline of nearly 38% over the last nine years. This multi-year structural deterioration is compounded by a complete loss of profitability, with negative earnings per share and negative return on equity, rendering the stock a value trap despite its attractive price-to-book ratio. The dividend, while providing a nominal yield, is unsustainable given the negative earnings base and the massive debt load exceeding $9 billion against a market cap of only $11.6 billion. The payout ratio suggests the company is burning cash to maintain this distribution, which is a dangerous signal for a healthcare firm with such a precarious balance sheet. Technically, the stock is trading above its 50-day and 200-day averages, creating a false sense of momentum. However, this is likely a technical bounce off a lower floor rather than a reversal of the long-term downtrend. Options data confirms this defensive posture, with traders stacking up protective puts at key psychological levels. Until the company demonstrates a sustained return to profitability and a credible path to deleveraging, the risk of permanent capital impairment far outweighs the potential for recovery.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.079851
AutoETS0.083880
AutoARIMA0.084005
AutoTheta0.104690

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 41%
H-stat 8.78
Ljung-Box p 0.000
Jarque-Bera p 0.435
Excess Kurtosis -0.86
Attribute Value
Sector Healthcare
Ex Dividend Date 2026-05-28
Last Dividend Date 2026-05-28
Debt to Equity Ratio 161.021
Revenue per Share 22.034
Market Cap 11,656,705,024
Forward P/E 11.23
Beta 0.61
Profit Margins -9.70%
Website https://www.baxter.com

As of July 11, 2026, 4:26 a.m. EDT: Speculators are positioning defensively with heavy out-of-the-money put open interest (OI) walls at strikes like $17.50 and $20.00 across multiple expirations, suggesting a fear of further downside. Conversely, call activity is concentrated near the money ($22.50-$23.00) with significant OI at $24.00, indicating a limited bullish thesis focused on mean reversion rather than a breakout. The implied volatility skew shows elevated premiums for deep OTM puts relative to calls, reinforcing a bearish sentiment.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.05% 0.84% 2.08% 2.03%
Dividend History
Date Dividend Yield %
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
dividendRate 0.2
dividendYield 0.89
exDividendDate 2026-05-29
trailingAnnualDividendRate 0.36
trailingAnnualDividendYield 0.01591512
lastDividendValue 0.01
lastDividendDate 2026-05-29
dividendDate 2026-07-01

Info Dump

Attribute Value
52 Week Change -0.20106196
Address1 One Baxter Parkway
All Time High 95.19
All Time Low 2.898344
Ask 23.0
Ask Size 2,100
Audit Risk 3
Average Analyst Rating 2.9 - Hold
Average Daily Volume10 Day 5,900,540
Average Daily Volume3 Month 7,139,275
Average Volume 7,139,275
Average Volume10Days 5,900,540
Beta 0.613
Bid 22.4
Bid Size 700
Board Risk 2
Book Value 11.701
City Deerfield
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 10
Country United States
Crypto Tradeable 0
Currency USD
Current Price 22.57
Current Ratio 1.854
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 22.92
Day Low 22.375
Debt To Equity 161.021
Display Name Baxter
Dividend Date 1,782,864,000
Dividend Rate 0.2
Dividend Yield 0.89
Earnings Call Timestamp End 1,785,441,600
Earnings Call Timestamp Start 1,785,441,600
Earnings Timestamp 1,785,414,600
Earnings Timestamp End 1,785,414,600
Earnings Timestamp Start 1,785,414,600
Ebitda 1,908,999,936
Ebitda Margins 0.16864
Enterprise To Ebitda 10.11
Enterprise To Revenue 1.705
Enterprise Value 19,299,704,832
Eps Current Year 1.91624
Eps Forward 2.01002
Eps Trailing Twelve Months -1.91
Esg Populated 0
Ex Dividend Date 1,780,012,800
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 19.6248
Fifty Day Average Change 2.9452
Fifty Day Average Change Percent 0.15007542
Fifty Two Week Change Percent -20.106197
Fifty Two Week High 29.35
Fifty Two Week High Change -6.7800007
Fifty Two Week High Change Percent -0.23100513
Fifty Two Week Low 15.73
Fifty Two Week Low Change 6.84
Fifty Two Week Low Change Percent 0.4348379
Fifty Two Week Range 15.73 - 29.35
Financial Currency USD
First Trade Date Milliseconds 373,041,000,000
Five Year Avg Dividend Yield 2.46
Float Shares 513,984,792
Forward Eps 2.01002
Forward P E 11.228744
Free Cashflow 900,875,008
Full Exchange Name NYSE
Full Time Employees 37,500
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,782,864,000
Gross Margins 0.34647
Gross Profits 3,921,999,872
Has Pre Post Market Data 1
Held Percent Insiders 0.00339
Held Percent Institutions 1.0611
Implied Shares Outstanding 516,469,008
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 1,780,012,800
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 11,656,705,024
Market State PRE
Max Age 86,400
Message Board Id finmb_254571
Most Recent Quarter 1,774,915,200
Net Income To Common -981,000,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 11,656,705,510
Number Of Analyst Opinions 12
Open 22.6
Operating Cashflow 1,251,000,064
Operating Margins 0.060349997
Overall Risk 6
Payout Ratio 3.0769
Peg Ratio 36.68
Phone 224 948 2000
Pre Market Change -0.5636997
Pre Market Change Percent -2.4959033
Pre Market Price 22.0213
Pre Market Time 1,784,031,694
Previous Close 22.62
Price Eps Current Year 11.778275
Price Hint 2
Price To Book 1.9288949
Price To Sales Trailing12 Months 1.0297443
Profit Margins -0.096999995
Quick Ratio 1.025
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key hold
Recommendation Mean 2.85714
Region US
Regular Market Change -0.0500011
Regular Market Change Percent -0.221048
Regular Market Day High 22.92
Regular Market Day Low 22.375
Regular Market Day Range 22.375 - 22.92
Regular Market Open 22.6
Regular Market Previous Close 22.62
Regular Market Price 22.57
Regular Market Time 1,783,972,803
Regular Market Volume 4,258,169
Return On Assets 0.02849
Return On Equity -0.15010999
Revenue Growth 0.029
Revenue Per Share 22.034
Sand P52 Week Change 0.20365608
Sector Healthcare
Sector Disp Healthcare
Sector Key healthcare
Share Holder Rights Risk 2
Shares Outstanding 516,469,008
Shares Percent Shares Out 0.0747
Shares Short 38,589,003
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 42,412,694
Short Name Baxter International Inc.
Short Percent Of Float 0.118
Short Ratio 5.51
Source Interval 15
State IL
Symbol BAX
Target High Price 40.0
Target Low Price 17.0
Target Mean Price 21.70833
Target Median Price 19.5
Total Cash 2,016,999,936
Total Cash Per Share 3.905
Total Debt 9,687,000,064
Total Revenue 11,320,000,512
Tradeable 0
Trailing Annual Dividend Rate 0.36
Trailing Annual Dividend Yield 0.01591512
Trailing Eps -1.91
Trailing Peg Ratio 36.6767
Triggerable 1
Two Hundred Day Average 19.5373
Two Hundred Day Average Change 3.0326996
Two Hundred Day Average Change Percent 0.15522614
Type Disp Equity
Volume 4,258,169
Website https://www.baxter.com
Zip 60,015