Baxter International Inc. (BAX) vs Solventum Corporation (SOLV)

SOLV leads on 7 of 11 compared metrics.

A side-by-side comparison of Baxter International Inc. and Solventum Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Baxter International Inc. logo
BAX
Baxter International Inc.
$10.77B
$20.86Healthcare
Solventum Corporation logo
SOLV
Solventum Corporation
$13.66B
$78.87Healthcare

Total return — BAX vs SOLV

growth of $100 · last 2y
BAX -49.8%SOLV -1.4%SOLV compounded faster
406080100Start $10020252026$50$99
BAX SOLV

BAX vs SOLV: by the numbers

  • •SOLV is the larger company ($13.66B vs $10.77B market cap).
  • •SOLV is profitable (17.33% net margin) while BAX runs a net loss (-9.70%).
  • •SOLV grew revenue faster over the past five years (2.72% vs -0.86% CAGR).
  • •BAX pays a dividend (0.96% yield) while SOLV does not currently pay one.

Which is better, BAX or SOLV?

Metric tally: BAX 4 · SOLV 7

It depends on what you're optimizing for:

GrowthSOLV(faster 5Y revenue CAGR)
QualitySOLV(higher ROIC)

Valuation

MetricBAXSOLV
P/E ratio—9.65
Forward P/E10.86●11.17
P/S ratio0.95●1.68
P/B ratio1.78●2.79
PEG ratio—0.04
EV / EBITDA24.956.67●
FCF yield6.64%—

Profitability

MetricBAXSOLV
Gross margin30.11%53.67%●
Operating margin-2.65%25.54%●
Net margin-9.70%17.33%●
ROE-18.17%28.82%●
ROIC-1.79%17.76%●

Dividends

MetricBAXSOLV
Dividend yield0.96%—

Growth (annualized)

MetricBAXSOLV
Revenue CAGR (5Y)-0.86%2.72%●
EPS CAGR (5Y)11.55%●6.26%
FCF CAGR (5Y)-10.81%—
Total return CAGR (5Y)-22.43%—

Frequently asked

Which is better, BAX or SOLV?
It depends on your goal. growth: SOLV (faster 5Y revenue CAGR); quality: SOLV (higher ROIC). Across all compared metrics, SOLV leads 7 to 4.
Which has grown faster, BAX or SOLV?
Over the past five years, SOLV grew revenue faster — BAX at a -0.86% CAGR versus SOLV at 2.72%.
Does BAX or SOLV pay a bigger dividend?
BAX pays a dividend (0.96% yield) while SOLV does not currently pay one.
Is BAX or SOLV more profitable?
SOLV runs the higher net margin — BAX at -9.70% versus SOLV at 17.33%.

Go deeper

Full BAX analysisFull SOLV analysisInteractive comparison tool

Dig into the metrics

Baxter International P/E ratioSolventum P/E ratioBaxter International dividend yieldSolventum dividend yieldBaxter International ROESolventum ROEBaxter International operating marginSolventum operating marginBaxter International revenue growthSolventum revenue growthBaxter International free cash flowSolventum free cash flow

Baxter International & Solventum appear in these rankings

Highest ROE StocksHighest FCF Yield StocksLowest P/E Ratio Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 13, 2026.