Baxter International (BAX) ROIC: History & Chart

Name: Baxter International Inc. (BAX) Return on Invested Capital (ROIC) — historical time series
Creator: TGMCharts

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Baxter International Inc.(BAX)

Medical - Instruments & Supplies · Deerfield, IL

$24.68-0.18 (-0.74%)

Delayed quote: Sep 9, 2026, 3:05 PM EDT

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About Baxter International Inc.

Baxter International Inc., operating globally via its subsidiaries, is a leading developer and provider of a wide spectrum of healthcare products. The company's comprehensive portfolio includes various dialysis treatments, such as peritoneal and hemodialysis, along with related therapies and services. It also specializes in intravenous (IV) therapies, infusion pumps, administration sets, and devices for drug reconstitution. Further expanding its pharmaceutical offerings, Baxter delivers pre-mixed and oncology drug platforms, inhaled anesthetic agents, critical care products, and pharmacy compounding services. Nutritional support is provided through its parenteral nutrition therapies and associated products. For surgical procedures, the company develops biological products and medical devices vital for achieving hemostasis, tissue sealing, and preventing adhesions. Additionally, Baxter supplies continuous renal replacement therapies (CRRT) and other organ support solutions, primarily tailored for intensive care units. Beyond direct medical supplies, Baxter provides sophisticated connected care solutions, integrating devices, software, communication systems, and other advanced technologies. This includes a range of patient monitoring and diagnostic technologies designed to aid in the diagnosis, treatment, and management of numerous illnesses and conditions, spanning respiratory therapy, cardiology, vision screening, and physical assessment. The surgical suite benefits from its specialized video technologies, operating tables, lights, pendants, precision positioning tools, and various ancillary accessories. The company also offers contracted services to a multitude of pharmaceutical and biopharmaceutical companies. Baxter's products are utilized across diverse healthcare environments, including hospitals, kidney dialysis centers, nursing homes, rehabilitation centers, doctors' offices, and for home-based patients under medical supervision. Operating in approximately 100 countries, Baxter distributes its extensive product line through a direct sales force, independent distributors, drug wholesalers, and specialty pharmacies or other alternative site providers. The company also holds a collaborative agreement with Celerity Pharmaceutical, LLC, focused on developing generic injectable pre-mixed medications for acute care and oncolytic molecules. Established in 1931, Baxter International Inc. is headquartered in Deerfield, Illinois.

Deerfield, IL

37,500 employees

www.baxter.com

Healthcare / Medical - Instruments & Supplies

Sector: Healthcare
Industry: Medical - Instruments & Supplies
CEO: Andrew Hider

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BAX Return on Invested Capital (ROIC) Metrics

RETURN ON INVESTED CAPITAL (ROIC)

-1.61%

RETURN ON INVESTED CAPITAL (ROIC) AVG TTM

-1.08%

RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y

0.21%

RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y

1.08%

RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y

3.92%

RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y

6.16%

RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y

8.51%

CURRENT VS TTM AVG

-48.19%

CURRENT VS 3Y AVG

-881.76%

CURRENT VS 5Y AVG

-248.97%

CURRENT VS 10Y AVG

-141.04%

CURRENT VS 15Y AVG

-126.11%

CURRENT VS 20Y AVG

-118.89%

SECTOR MEDIAN · HEALTHCARE

8.75%

median of 90 covered companies

CURRENT VS SECTOR MEDIAN

-118.38%

vs the sector median at left

NAME	MARKET CAP	RETURN ON INVESTED CAPITAL (ROIC)	TTM	3Y	5Y
Baxter International Inc. (BAX)	$12.76B	-1.61%	-1.08%	0.21%	1.08%
The Cooper Companies, Inc. (COO)vs ›	$12.61B	2.52%	4.09%	3.90%	4.30%
Penumbra, Inc. (PEN)vs ›	$12.60B	8.48%	7.10%	4.92%	2.27%
Charles River Laboratories International, Inc. (CRL)vs ›	$13.34B	7.72%	5.13%	6.33%	6.84%
Encompass Health Corporation (EHC)vs ›	$12.02B	13.42%	12.59%	14.85%	11.33%
DaVita Inc. (DVA)vs ›	$11.80B	11.18%	11.30%	9.75%	9.57%
Revvity, Inc. (RVTY)vs ›	$13.89B	2.91%	2.97%	3.43%	5.52%
Bio-Techne Corporation (TECH)vs ›	$11.31B	7.86%	5.36%	7.03%	8.47%
Exelixis, Inc. (EXEL)vs ›	$14.54B	37.87%	23.96%	17.78%	13.78%
Align Technology, Inc. (ALGN)vs ›	$10.90B	8.90%	10.00%	10.19%	11.72%

NAME

MARKET CAP

RETURN ON INVESTED CAPITAL (ROIC)

TTM

Baxter International Inc. (BAX)

$12.76B

-1.61%

-1.08%

0.21%

1.08%

The Cooper Companies, Inc. (COO)vs ›

$12.61B

2.52%

4.09%

3.90%

4.30%

Penumbra, Inc. (PEN)vs ›

$12.60B

8.48%

7.10%

4.92%

2.27%

Charles River Laboratories International, Inc. (CRL)vs ›

$13.34B

7.72%

5.13%

6.33%

6.84%

Encompass Health Corporation (EHC)vs ›

$12.02B

13.42%

12.59%

14.85%

11.33%

DaVita Inc. (DVA)vs ›

$11.80B

11.18%

11.30%

9.75%

9.57%

Revvity, Inc. (RVTY)vs ›

$13.89B

2.91%

2.97%

3.43%

5.52%

Bio-Techne Corporation (TECH)vs ›

$11.31B

7.86%

5.36%

7.03%

8.47%

Exelixis, Inc. (EXEL)vs ›

$14.54B

37.87%

23.96%

17.78%

13.78%

Align Technology, Inc. (ALGN)vs ›

$10.90B

8.90%

10.00%

10.19%

11.72%

Return on Invested Capital (ROIC) Formula & Definition

ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)

Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.

Return on Invested Capital (ROIC) FAQ

What is the return on invested capital (ROIC) for Baxter International Inc. (BAX)?

The return on invested capital (ROIC) for BAX stock is -1.61%.

Is Baxter International Inc.'s return on invested capital (ROIC) high or low?

The return on invested capital (ROIC) of -1.61% is 249% below its 5-year average of 1.08%, around the middle of its 5-year range (-9.94%–8.95%).

What is the TTM average return on invested capital (ROIC) for Baxter International Inc. (BAX)?

The TTM average return on invested capital (ROIC) for BAX stock is -1.08%.

What is the 3Y average return on invested capital (ROIC) for Baxter International Inc. (BAX)?

The 3Y average return on invested capital (ROIC) for BAX stock is 0.21%.

What is the 5Y average return on invested capital (ROIC) for Baxter International Inc. (BAX)?

The 5Y average return on invested capital (ROIC) for BAX stock is 1.08%.

What is the 10Y average return on invested capital (ROIC) for Baxter International Inc. (BAX)?

The 10Y average return on invested capital (ROIC) for BAX stock is 3.92%.

What is the 15Y average return on invested capital (ROIC) for Baxter International Inc. (BAX)?

The 15Y average return on invested capital (ROIC) for BAX stock is 6.16%.

What is the 20Y average return on invested capital (ROIC) for Baxter International Inc. (BAX)?

The 20Y average return on invested capital (ROIC) for BAX stock is 8.51%.

DATE	RETURN ON INVESTED CAPITAL (ROIC)
2026-06-30	-1.61%
2026-03-31	-1.77%
2025-12-31	-1.80%
2025-09-30	-0.08%
2025-06-30	-0.17%
2025-03-31	-0.23%
2024-12-31	0.06%
2024-09-30	1.86%
2024-06-30	1.95%
2024-03-31	1.39%
2023-12-31	1.40%
2023-09-30	1.47%
2023-06-30	-9.94%
2023-03-31	-8.65%
2022-12-31	-8.42%
2022-09-30	-8.44%
2022-06-30	4.25%
2022-03-31	4.44%
2021-12-31	5.03%
2021-09-30	8.95%
2021-06-30	8.32%
2021-03-31	8.15%
2020-12-31	8.12%
2020-09-30	10.03%
2020-06-30	10.52%
2020-03-31	10.85%
2019-12-31	11.43%
2019-09-30	9.40%
2019-06-30	10.11%
2019-03-31	10.84%
2018-12-31	11.95%
2018-09-30	8.26%
2018-06-30	6.47%
2018-03-31	6.05%
2017-12-31	5.34%
2017-09-30	7.34%
2017-06-30	7.04%
2017-03-31	6.37%
2016-12-31	5.65%
2016-09-30	4.70%
2016-06-30	3.95%
2016-03-31	3.68%
2015-12-31	2.32%
2015-09-30	5.58%
2015-06-30	3.96%
2015-03-31	7.02%
2014-12-31	8.77%
2014-09-30	7.42%
2014-06-30	8.97%
2014-03-31	9.82%
2013-12-31	9.94%
2013-09-30	10.85%
2013-06-30	11.78%
2013-03-31	14.06%
2012-12-31	14.21%
2012-09-30	14.72%
2012-06-30	15.99%
2012-03-31	15.86%
2011-12-31	16.14%
2011-09-30	16.73%
2011-06-30	17.12%
2011-03-31	16.69%
2010-12-31	11.97%
2010-09-30	12.46%
2010-06-30	12.89%
2010-03-31	12.80%
2009-12-31	17.14%
2009-09-30	17.18%
2009-06-30	17.84%
2009-03-31	18.29%
2008-12-31	17.34%
2008-09-30	16.65%
2008-06-30	15.81%
2008-03-31	15.11%
2007-12-31	14.70%
2007-09-30	15.44%
2007-06-30	14.53%
2007-03-31	13.65%
2006-12-31	13.03%
2006-09-30	11.72%
2006-06-30	10.27%
2006-03-31	11.32%
2005-12-31	11.26%
2005-09-30	8.46%
2005-06-30	10.14%
2005-03-31	5.28%
2004-12-31	5.27%
2004-09-30	7.59%
2004-06-30	7.85%
2004-03-31	9.31%
2003-12-31	10.16%
2003-09-30	8.90%
2003-06-30	9.28%

DATE

RETURN ON INVESTED CAPITAL (ROIC)

2026-06-30

-1.61%

2026-03-31

-1.77%

2025-12-31

-1.80%

2025-09-30

-0.08%

2025-06-30

-0.17%

2025-03-31

-0.23%

2024-12-31

0.06%

2024-09-30

1.86%

2024-06-30

1.95%

2024-03-31

1.39%

2023-12-31

1.40%

2023-09-30

1.47%

2023-06-30

-9.94%

2023-03-31

-8.65%

2022-12-31

-8.42%

2022-09-30

-8.44%

2022-06-30

4.25%

2022-03-31

4.44%

2021-12-31

5.03%

2021-09-30

8.95%

2021-06-30

8.32%

2021-03-31

8.15%

2020-12-31

8.12%

2020-09-30

10.03%

2020-06-30

10.52%

2020-03-31

10.85%

2019-12-31

11.43%

2019-09-30

9.40%

2019-06-30

10.11%

2019-03-31

10.84%

2018-12-31

11.95%

2018-09-30

8.26%

2018-06-30

6.47%

2018-03-31

6.05%

2017-12-31

5.34%

2017-09-30

7.34%

2017-06-30

7.04%

2017-03-31

6.37%

2016-12-31

5.65%

2016-09-30

4.70%

2016-06-30

3.95%

2016-03-31

3.68%

2015-12-31

2.32%

2015-09-30

5.58%

2015-06-30

3.96%

2015-03-31

7.02%

2014-12-31

8.77%

2014-09-30

7.42%

2014-06-30

8.97%

2014-03-31

9.82%

2013-12-31

9.94%

2013-09-30

10.85%

2013-06-30

11.78%

2013-03-31

14.06%

2012-12-31

14.21%

2012-09-30

14.72%

2012-06-30

15.99%

2012-03-31

15.86%

2011-12-31

16.14%

2011-09-30

16.73%

2011-06-30

17.12%

2011-03-31

16.69%

2010-12-31

11.97%

2010-09-30

12.46%

2010-06-30

12.89%

2010-03-31

12.80%

2009-12-31

17.14%

2009-09-30

17.18%

2009-06-30

17.84%

2009-03-31

18.29%

2008-12-31

17.34%

2008-09-30

16.65%

2008-06-30

15.81%

2008-03-31

15.11%

2007-12-31

14.70%

2007-09-30

15.44%

2007-06-30

14.53%

2007-03-31

13.65%

2006-12-31

13.03%

2006-09-30

11.72%

2006-06-30

10.27%

2006-03-31

11.32%

2005-12-31

11.26%

2005-09-30

8.46%

2005-06-30

10.14%

2005-03-31

5.28%

2004-12-31

5.27%

2004-09-30

7.59%

2004-06-30

7.85%

2004-03-31

9.31%

2003-12-31

10.16%

2003-09-30

8.90%

2003-06-30

9.28%

Return on Invested Capital (ROIC): -1.61%

BAX Return on Invested Capital (ROIC)

BAX Average Return on Invested Capital (ROIC) Chart

BAX Current vs Average Return on Invested Capital (ROIC) Chart

BAX Return on Invested Capital (ROIC) Metrics

BAX Competitors' Return on Invested Capital (ROIC)

Capital Efficiency

Return on Invested Capital (ROIC) Formula & Definition

Return on Invested Capital (ROIC) FAQ

BAX Return on Invested Capital (ROIC) History

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