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BAX Baxter International Inc

NYSE, CIK 0000010456, fiscal year ends 12/31. Last price 25.3 on 2026-10-23, market value 13.1 billion dollars.

Machine-readable: BAX.json, BAX.md. Sections: Graham Defensive, Magic Formula, Momentum, Insider, Buffett Quality, Lynch GARP, Graham Enterprising, Piotroski F-Score, earnings record, insiders, filings and links.

Philosophy	Score	Status	Current inputs as of	History used	Price	Verification	Rules
Graham Defensive	51	ok	2025-12-31 stale: Revenue, lt_debt	2013–2025	2026-10-23	14 verified, 21 unverified	method
Magic Formula	0	ok	2025-12-31 stale: operating_income_q, debt_incl_current	—	2026-10-23	—	method
Momentum	60	ok	2026-10-23	—	2026-10-23	—	method
Insider	0	no open-market transactions in window	2026-10-23	—	—	—	method
Buffett Quality	20	ok	2025-12-31 stale: debt_incl_current	2016–2025	2026-10-23	0 verified, 48 unverified	method
Lynch GARP	6	ok	2025-12-31 stale: debt_incl_current	2020–2025	2026-10-23	0 verified, 6 unverified	method
Graham Enterprising	36	ok	2025-12-31 stale: debt_incl_current	2020–2025	2026-10-23	0 verified, 12 unverified	method
Piotroski F-Score	44	ok	—	2024–2026	—	0 verified, 27 unverified	method

Market value, source trail

market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used

Input	Value	Unit	Period / date	Source
Traded price	25.3	USD per traded unit (share or ADS)	2026-10-23	Yahoo Finance
SEC shares outstanding	516,995,999	underlying shares	2026-07-23	SEC cover page 10-Q 0001628280-26-051118 (516,995,999 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/10456/000162828026051118/bax-20260630.htm 0001628280-26-051118
Depositary ratio	1.0	underlying shares per traded unit		domestic 10-K filer; SEC shares are the traded units
Market value price date × latest reported shares	13,079,998,775	USD	2026-10-23 shares at 2026-07-23	25.3 (price 2026-10-23) / 1 x 516,995,999 (shares at 2026-07-23) = 13,079,998,775

Graham Defensive

51 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Adequate size	11.24 revenue $B	>= 1	5.0 / 5
2a Current ratio	1.95	>= 2.0	14.2 / 15
2b Long-term debt vs working capital	2.79 LTD / WC	<= 1.0	0.0 / 15
3 Positive earnings each of 10 years	7 of 10	10 of 10	10.5 / 15
4 Dividends every year for 20 years	20 of 20 XBRL check: 13 years agree, 7 unverified	20 of 20	15.0 / 15
5 EPS growth, 3-yr avg now vs 10 yrs ago	5.11 -> 0.70 (-86%)	>= +33%	0.0 / 10
6 P/E on 3-year average EPS	36.3	<= 15	0.0 / 15
7 P/B <= 1.5, or P/E x P/B <= 22.5	P/B 2.11, product 76.5	<= 1.5 or <= 22.5	5.9 / 10

Inputs, 37 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	25.3	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
Revenue	11244000000.0	2025-12-31 stale	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001628280-26-007733	unverified
current_assets	6989000000.0	2026-06-30	SEC XBRL AssetsCurrent 0001628280-26-051118	unverified
current_liabilities	3591000000.0	2026-06-30	SEC XBRL LiabilitiesCurrent 0001628280-26-051118	unverified
lt_debt	9473000000.0	2025-12-31 stale	SEC XBRL LongTermDebtAndCapitalLeaseObligations 0001628280-26-007733	unverified
equity	6206000000.0	2026-06-30	SEC XBRL StockholdersEquity 0001628280-26-051118	unverified
Net income FY2016	4965000000.0	2016-12-31 history	SEC XBRL NetIncomeLoss 0001564590-19-003727	unverified
Net income FY2017	602000000.0	2017-12-31 history	SEC XBRL NetIncomeLoss 0001628280-20-003693	unverified
Net income FY2018	1546000000.0	2018-12-31 history	SEC XBRL NetIncomeLoss 0001628280-21-008034	unverified
Net income FY2019	1001000000.0	2019-12-31 history	SEC XBRL NetIncomeLoss 0001628280-22-003432	unverified
Net income FY2020	1102000000.0	2020-12-31 history	SEC XBRL NetIncomeLoss 0001628280-23-002864	unverified
Net income FY2021	1284000000.0	2021-12-31 history	SEC XBRL NetIncomeLoss 0001628280-24-003932	unverified
Net income FY2022	-2433000000.0	2022-12-31 history	SEC XBRL NetIncomeLoss 0001628280-25-007201	unverified
Net income FY2023	2656000000.0	2023-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-007733	unverified
Net income FY2024	-649000000.0	2024-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-007733	unverified
Net income FY2025	-957000000.0	2025-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-007733	unverified
Dividend years (Yahoo)	[2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026]	history	Yahoo Finance dividend history	verified (partly: XBRL covers 13 of 20 years)
Dividends per share FY2013 (XBRL)	1.92	2013-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001193125-16-479471	verified
Dividends per share FY2014 (XBRL)	2.05	2014-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001564590-17-002240	verified
Dividends per share FY2015 (XBRL)	1.27	2015-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001564590-18-022264	verified
Dividends per share FY2016 (XBRL)	0.51	2016-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001564590-19-003727	verified
Dividends per share FY2017 (XBRL)	0.61	2017-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001628280-20-003693	verified
Dividends per share FY2018 (XBRL)	0.73	2018-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001628280-21-008034	verified
Dividends per share FY2019 (XBRL)	0.85	2019-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001628280-22-003432	verified
Dividends per share FY2020 (XBRL)	0.955	2020-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001628280-23-002864	verified
Dividends per share FY2021 (XBRL)	1.085	2021-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001628280-24-003932	verified
Dividends per share FY2022 (XBRL)	1.15	2022-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001628280-25-007201	verified
Dividends per share FY2023 (XBRL)	1.16	2023-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001628280-26-007733	verified
Dividends per share FY2024 (XBRL)	1.04	2024-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001628280-26-007733	verified
Dividends per share FY2025 (XBRL)	0.52	2025-12-31 history	SEC XBRL CommonStockDividendsPerShareDeclared 0001628280-26-007733	verified
EPS diluted FY2014	4.56	2014-12-31 history	SEC XBRL EarningsPerShareDiluted 0001564590-17-002240	unverified
EPS diluted FY2015	1.76	2015-12-31 history	SEC XBRL EarningsPerShareDiluted 0001564590-18-022264	unverified
EPS diluted FY2016	9.01	2016-12-31 history	SEC XBRL EarningsPerShareDiluted 0001564590-19-003727	unverified
EPS diluted FY2023	5.23	2023-12-31 history	SEC XBRL EarningsPerShareDiluted 0001628280-26-007733	unverified
EPS diluted FY2024	-1.27	2024-12-31 history	SEC XBRL EarningsPerShareDiluted 0001628280-26-007733	unverified
EPS diluted FY2025	-1.87	2025-12-31 history	SEC XBRL EarningsPerShareDiluted 0001628280-26-007733	unverified
Shares outstanding	516995999.0	2026-07-23	SEC cover page 10-Q 0001628280-26-051118 (516,995,999 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/10456/000162828026051118/bax-20260630.htm 0001628280-26-051118	not cross-checked

Magic Formula

0 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
Earnings yield (EBIT/EV) EBIT trailing twelve months; EV = market cap + debt (9,438,000,000) - cash	-1.35 % (rank 198)
Return on capital (EBIT/(NWC+PPE)) net working capital 3,398,000,000 used as reported	-4.34 % (rank 196)
Combined rank	394

Inputs, 14 numbers with their sources

Input	Value	Period	Source	Check
operating_income	-308000000.0	2025-12-31 history	SEC XBRL OperatingIncomeLoss 0001628280-26-007733	not cross-checked
operating_income_q	66000000.0	2026-03-31 stale	SEC XBRL OperatingIncomeLoss (quarter CY2026Q1) 0001628280-26-028962	not cross-checked
operating_income_q	58000000.0	2025-03-31 history	SEC XBRL OperatingIncomeLoss (quarter CY2025Q1) 0001628280-26-028962	not cross-checked
operating_income_q	217000000.0	2026-06-30	SEC XBRL OperatingIncomeLoss (quarter CY2026Q2) 0001628280-26-051118	not cross-checked
operating_income_q	191000000.0	2025-06-30 history	SEC XBRL OperatingIncomeLoss (quarter CY2025Q2) 0001628280-26-051118	not cross-checked
current_assets	6989000000.0	2026-06-30	SEC XBRL AssetsCurrent 0001628280-26-051118	not cross-checked
current_liabilities	3591000000.0	2026-06-30	SEC XBRL LiabilitiesCurrent 0001628280-26-051118	not cross-checked
cash	2150000000.0	2026-06-30	SEC XBRL CashAndCashEquivalentsAtCarryingValue 0001628280-26-051118	not cross-checked
ppe_net	2913000000.0	2026-06-30	SEC XBRL PropertyPlantAndEquipmentNet 0001628280-26-051118	not cross-checked
debt_incl_current	9438000000.0	2025-12-31 stale	SEC XBRL LongTermDebt 0001628280-26-007733	not cross-checked
debt_short	0.0	2026-06-30	SEC XBRL ShortTermBorrowings 0001628280-26-051118	not cross-checked
shares_out	516995999.0	2026-07-23	SEC cover page 10-Q 0001628280-26-051118 (516,995,999 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/10456/000162828026051118/bax-20260630.htm 0001628280-26-051118	not cross-checked
Price (close)	25.3	2026-10-23	Yahoo Finance / Alpaca Market Data	not cross-checked
note	debt = LongTermDebt (incl. current maturities) + short-term borrowings			not cross-checked

Momentum

60 of 100. ok. How this is scored.

Test or factor	Value	Points
12-1 month return	2.4 % (percentile 44.0)	22.0 / 50
6 month return	37.5 % (percentile 91.1)	18.2 / 20
Price / 52-week high	0.893	13.4 / 15
Volatility penalty (60d annualised)	30.7 %	6.1 / 15

Inputs, 1 numbers with their sources

Input	Value	Period	Source	Check
Adjusted close series (14 months)	25.3	2026-10-23	Yahoo Finance / Alpaca Market Data daily history	not cross-checked

Insider

0 of 100. no open-market transactions in window. How this is scored. Form 4 data loaded through 2026-10-23

Test or factor	Value	Points
Open-market buy value / market cap (percentile among buyers)	0.0 bp	0.0 / 35
Distinct buyers	0	0.0 / 25
Buyer seniority	0.0	0.0 / 20
Recency (half-life 30d)	0.0	0.0 / 10
Sales penalty (excludes 10b5-1 plan sales)	0.0 bp	-0.0 / 0

Inputs, 0 numbers with their sources

Input	Value	Period	Source	Check

Buffett Quality

20 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Average return on equity (net income / year-end equity)	3.0% over 8 yrs	>= 15%	0.0 / 25
2 Profitable every year	7 of 10	all years	10.5 / 15
3 Net income growth, 3-yr average now vs start of window	-23.9% a year	>= +10%	0.0 / 10
4 Borrowings / 3-yr average earnings (years to repay) LongTermDebt (incl. current maturities) + short-term borrowings	27.0 years	<= 4	0.0 / 15
5 Operating margin, 5-yr average	-2.6%	>= 20%	0.0 / 10
6 Free cash flow / net income, 5-yr (operating cash flow minus capex) cumulative net income not positive	—	>= 1.0	0.0 / 10
7 Owner-earnings yield (3-yr avg free cash flow / market cap)	5.6%	>= 7%	9.8 / 15

Inputs, 50 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	25.3	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
Net income FY2018	1546000000.0	2018-12-31 history	SEC XBRL NetIncomeLoss 0001628280-21-008034	unverified
Equity at FY2018 end	7844000000.0	2018-12-31 history	SEC XBRL StockholdersEquity 0001628280-20-003693	unverified
Net income FY2019	1001000000.0	2019-12-31 history	SEC XBRL NetIncomeLoss 0001628280-22-003432	unverified
Equity at FY2019 end	7882000000.0	2019-12-31 history	SEC XBRL StockholdersEquity 0001628280-21-008034	unverified
Net income FY2020	1102000000.0	2020-12-31 history	SEC XBRL NetIncomeLoss 0001628280-23-002864	unverified
Equity at FY2020 end	8689000000.0	2020-12-31 history	SEC XBRL StockholdersEquity 0001628280-22-003432	unverified
Net income FY2021	1284000000.0	2021-12-31 history	SEC XBRL NetIncomeLoss 0001628280-24-003932	unverified
Equity at FY2021 end	9077000000.0	2021-12-31 history	SEC XBRL StockholdersEquity 0001628280-23-002864	unverified
Net income FY2022	-2433000000.0	2022-12-31 history	SEC XBRL NetIncomeLoss 0001628280-25-007201	unverified
Equity at FY2022 end	5833000000.0	2022-12-31 history	SEC XBRL StockholdersEquity 0001628280-24-003932	unverified
Net income FY2023	2656000000.0	2023-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-007733	unverified
Equity at FY2023 end	8402000000.0	2023-12-31 history	SEC XBRL StockholdersEquity 0001628280-25-007201	unverified
Net income FY2024	-649000000.0	2024-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-007733	unverified
Equity at FY2024 end	6964000000.0	2024-12-31 history	SEC XBRL StockholdersEquity 0001628280-26-007733	unverified
Net income FY2025	-957000000.0	2025-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-007733	unverified
Equity at FY2025 end	6129000000.0	2025-12-31 history	SEC XBRL StockholdersEquity 0001628280-26-051118	unverified
Net income FY2016	4965000000.0	2016-12-31 history	SEC XBRL NetIncomeLoss 0001564590-19-003727	unverified
Net income FY2017	602000000.0	2017-12-31 history	SEC XBRL NetIncomeLoss 0001628280-20-003693	unverified
Net income FY2018	1546000000.0	2018-12-31 history	SEC XBRL NetIncomeLoss 0001628280-21-008034	unverified
Net income FY2019	1001000000.0	2019-12-31 history	SEC XBRL NetIncomeLoss 0001628280-22-003432	unverified
Net income FY2020	1102000000.0	2020-12-31 history	SEC XBRL NetIncomeLoss 0001628280-23-002864	unverified
Net income FY2021	1284000000.0	2021-12-31 history	SEC XBRL NetIncomeLoss 0001628280-24-003932	unverified
Net income FY2022	-2433000000.0	2022-12-31 history	SEC XBRL NetIncomeLoss 0001628280-25-007201	unverified
Net income FY2023	2656000000.0	2023-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-007733	unverified
Net income FY2024	-649000000.0	2024-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-007733	unverified
Net income FY2025	-957000000.0	2025-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-007733	unverified
debt_incl_current	9438000000.0	2025-12-31 stale	SEC XBRL LongTermDebt 0001628280-26-007733	unverified
debt_short	0.0	2026-06-30	SEC XBRL ShortTermBorrowings 0001628280-26-051118	unverified
Operating income FY2021	1350000000.0	2021-12-31 history	SEC XBRL OperatingIncomeLoss 0001628280-24-003932	unverified
Revenue FY2021	12146000000.0	2021-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001628280-24-003932	unverified
Operating income FY2022	-2845000000.0	2022-12-31 history	SEC XBRL OperatingIncomeLoss 0001628280-25-007201	unverified
Revenue FY2022	10057000000.0	2022-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001628280-25-007201	unverified
Operating income FY2023	707000000.0	2023-12-31 history	SEC XBRL OperatingIncomeLoss 0001628280-26-007733	unverified
Revenue FY2023	10360000000.0	2023-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001628280-26-007733	unverified
Operating income FY2024	14000000.0	2024-12-31 history	SEC XBRL OperatingIncomeLoss 0001628280-26-007733	unverified
Revenue FY2024	10636000000.0	2024-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001628280-26-007733	unverified
Operating income FY2025	-308000000.0	2025-12-31 history	SEC XBRL OperatingIncomeLoss 0001628280-26-007733	unverified
Revenue FY2025	11244000000.0	2025-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001628280-26-007733	unverified
Operating cash flow FY2021	2222000000.0	2021-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001628280-24-003932	unverified
Capital expenditure FY2021	691000000.0	2021-12-31 history	SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback) 0001628280-24-003932	unverified
Operating cash flow FY2022	1211000000.0	2022-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001628280-25-007201	unverified
Capital expenditure FY2022	377000000.0	2022-12-31 history	SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback) 0001628280-25-007201	unverified
Operating cash flow FY2023	1726000000.0	2023-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001628280-26-007733	unverified
Capital expenditure FY2023	432000000.0	2023-12-31 history	SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback) 0001628280-26-007733	unverified
Operating cash flow FY2024	1019000000.0	2024-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001628280-26-007733	unverified
Capital expenditure FY2024	446000000.0	2024-12-31 history	SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback) 0001628280-26-007733	unverified
Operating cash flow FY2025	845000000.0	2025-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001628280-26-007733	unverified
Capital expenditure FY2025	513000000.0	2025-12-31 history	SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback) 0001628280-26-007733	unverified
Shares outstanding	516995999.0	2026-07-23	SEC cover page 10-Q 0001628280-26-051118 (516,995,999 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/10456/000162828026051118/bax-20260630.htm 0001628280-26-051118	not cross-checked

Lynch GARP

6 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 PEG: P/E divided by 5-yr EPS growth (in % points) earnings not positive in both years, or growth not positive: PEG undefined	—	<= 1.0	0.0 / 30
2 EPS growth, 5-yr compound rate earnings not positive in both years	—	12% to 35% a year	0.0 / 20
3 P/E on latest annual EPS latest EPS not positive	—	<= 25	0.0 / 10
4 Borrowings / equity LongTermDebt (incl. current maturities) + short-term borrowings	1.52	<= 0.5	0.0 / 15
5 Years of the last 5 in which EPS rose	2 of 5	5 of 5	6.0 / 15
6 Net cash (cash minus borrowings) / market cap	-55.7%	>= +10%	0.0 / 10

Inputs, 7 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	25.3	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
EPS diluted FY2025	-1.87	2025-12-31 history	SEC XBRL EarningsPerShareDiluted 0001628280-26-007733	unverified
EPS diluted FY2020	2.13	2020-12-31 history	SEC XBRL EarningsPerShareDiluted 0001628280-23-002864	unverified
debt_incl_current	9438000000.0	2025-12-31 stale	SEC XBRL LongTermDebt 0001628280-26-007733	unverified
debt_short	0.0	2026-06-30	SEC XBRL ShortTermBorrowings 0001628280-26-051118	unverified
equity	6206000000.0	2026-06-30	SEC XBRL StockholdersEquity 0001628280-26-051118	unverified
cash	2150000000.0	2026-06-30	SEC XBRL CashAndCashEquivalentsAtCarryingValue 0001628280-26-051118	unverified

Graham Enterprising

36 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Current ratio	1.95	>= 1.5	15.0 / 15
2 Borrowings vs working capital LongTermDebt (incl. current maturities) + short-term borrowings	2.78 x	<= 1.1x	0.0 / 15
3 No earnings deficit in the last 5 years	2 of 5 profitable	5 of 5	6.0 / 15
4 Pays a current dividend	yes	yes	10.0 / 10
5 EPS higher than five years earlier	2.13 -> -1.87	higher	0.0 / 10
6 Price / book value per share book value used because intangibles are not separated in the dataset (Graham uses net tangible assets)	2.11	<= 1.2	4.9 / 20
7 Price / net current asset value per share (current assets minus all liabilities) net current asset value not positive	—	<= 0.67	0.0 / 15

Inputs, 15 numbers with their sources

Input	Value	Period	Source	Check
Price (close, per traded unit)	25.3	2026-10-23	Alpaca Market Data (consolidated SIP daily bar)	not cross-checked
current_assets	6989000000.0	2026-06-30	SEC XBRL AssetsCurrent 0001628280-26-051118	unverified
current_liabilities	3591000000.0	2026-06-30	SEC XBRL LiabilitiesCurrent 0001628280-26-051118	unverified
debt_incl_current	9438000000.0	2025-12-31 stale	SEC XBRL LongTermDebt 0001628280-26-007733	unverified
debt_short	0.0	2026-06-30	SEC XBRL ShortTermBorrowings 0001628280-26-051118	unverified
Net income FY2021	1284000000.0	2021-12-31 history	SEC XBRL NetIncomeLoss 0001628280-24-003932	unverified
Net income FY2022	-2433000000.0	2022-12-31 history	SEC XBRL NetIncomeLoss 0001628280-25-007201	unverified
Net income FY2023	2656000000.0	2023-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-007733	unverified
Net income FY2024	-649000000.0	2024-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-007733	unverified
Net income FY2025	-957000000.0	2025-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-007733	unverified
Dividend years (Yahoo)	[2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026]	history	Yahoo Finance dividend history	not cross-checked
EPS diluted FY2025	-1.87	2025-12-31 history	SEC XBRL EarningsPerShareDiluted 0001628280-26-007733	unverified
EPS diluted FY2020	2.13	2020-12-31 history	SEC XBRL EarningsPerShareDiluted 0001628280-23-002864	unverified
equity	6206000000.0	2026-06-30	SEC XBRL StockholdersEquity 0001628280-26-051118	unverified
Shares outstanding	516995999.0	2026-07-23	SEC cover page 10-Q 0001628280-26-051118 (516,995,999 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/10456/000162828026051118/bax-20260630.htm 0001628280-26-051118	not cross-checked

Piotroski F-Score

44 of 100. ok. How this is scored.

Test or factor	Value	Threshold	Points
1 Return on assets is positive	-4.8%	pass = 1	0.0 / 11.11111111111111
2 Operating cash flow is positive	845M	pass = 1	11.11111111111111 / 11.11111111111111
3 Return on assets improved on the prior year	-2.5% -> -4.8%	pass = 1	0.0 / 11.11111111111111
4 Operating cash flow exceeds net income (accruals)	845M vs -957M	pass = 1	11.11111111111111 / 11.11111111111111
5 Long-term debt / assets fell	40.2% -> 47.2%	pass = 1	0.0 / 11.11111111111111
6 Current ratio improved	1.36 -> 2.31	pass = 1	11.11111111111111 / 11.11111111111111
7 No new shares issued (share count did not rise)	514M -> 517M	pass = 1	0.0 / 11.11111111111111
8 Operating margin improved (stand-in for gross margin, which the dataset does not carry)	0.1% -> -2.7%	pass = 1	0.0 / 11.11111111111111
9 Asset turnover (revenue / assets) improved	0.41 -> 0.56	pass = 1	11.11111111111111 / 11.11111111111111

Inputs, 27 numbers with their sources

Input	Value	Period	Source	Check
net_income 2025-12-31	-957000000.0	2025-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-007733	unverified
total_assets 2025-12-31	20055000000.0	2025-12-31 history	SEC XBRL Assets 0001628280-26-051118	unverified
cfo 2025-12-31	845000000.0	2025-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001628280-26-007733	unverified
net_income 2025-12-31	-957000000.0	2025-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-007733	unverified
net_income 2024-12-31	-649000000.0	2024-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-007733	unverified
total_assets 2025-12-31	20055000000.0	2025-12-31 history	SEC XBRL Assets 0001628280-26-051118	unverified
total_assets 2024-12-31	25782000000.0	2024-12-31 history	SEC XBRL Assets 0001628280-26-007733	unverified
cfo 2025-12-31	845000000.0	2025-12-31 history	SEC XBRL NetCashProvidedByUsedInOperatingActivities 0001628280-26-007733	unverified
net_income 2025-12-31	-957000000.0	2025-12-31 history	SEC XBRL NetIncomeLoss 0001628280-26-007733	unverified
lt_debt 2025-12-31	9473000000.0	2025-12-31 history	SEC XBRL LongTermDebtAndCapitalLeaseObligations 0001628280-26-007733	unverified
lt_debt 2024-12-31	10374000000.0	2024-12-31 history	SEC XBRL LongTermDebtAndCapitalLeaseObligations 0001628280-26-007733	unverified
total_assets 2025-12-31	20055000000.0	2025-12-31 history	SEC XBRL Assets 0001628280-26-051118	unverified
total_assets 2024-12-31	25782000000.0	2024-12-31 history	SEC XBRL Assets 0001628280-26-007733	unverified
current_assets 2025-12-31	6872000000.0	2025-12-31 history	SEC XBRL AssetsCurrent 0001628280-26-051118	unverified
current_assets 2024-12-31	8853000000.0	2024-12-31 history	SEC XBRL AssetsCurrent 0001628280-26-007733	unverified
current_liabilities 2025-12-31	2970000000.0	2025-12-31 history	SEC XBRL LiabilitiesCurrent 0001628280-26-051118	unverified
current_liabilities 2024-12-31	6511000000.0	2024-12-31 history	SEC XBRL LiabilitiesCurrent 0001628280-26-007733	unverified
shares_out 2026-07-23	516995999.0	2026-07-23 history	SEC XBRL EntityCommonStockSharesOutstanding 0001628280-26-051118	unverified
shares_out 2025-07-31	513621061.0	2025-07-31 history	SEC XBRL EntityCommonStockSharesOutstanding 0001628280-25-037877	unverified
operating_income 2025-12-31	-308000000.0	2025-12-31 history	SEC XBRL OperatingIncomeLoss 0001628280-26-007733	unverified
operating_income 2024-12-31	14000000.0	2024-12-31 history	SEC XBRL OperatingIncomeLoss 0001628280-26-007733	unverified
revenue 2025-12-31	11244000000.0	2025-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001628280-26-007733	unverified
revenue 2024-12-31	10636000000.0	2024-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001628280-26-007733	unverified
revenue 2025-12-31	11244000000.0	2025-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001628280-26-007733	unverified
revenue 2024-12-31	10636000000.0	2024-12-31 history	SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax 0001628280-26-007733	unverified
total_assets 2025-12-31	20055000000.0	2025-12-31 history	SEC XBRL Assets 0001628280-26-051118	unverified
total_assets 2024-12-31	25782000000.0	2024-12-31 history	SEC XBRL Assets 0001628280-26-007733	unverified

Earnings record

SEC XBRL, by fiscal year (named by the calendar year it ends in); EPS split-adjusted to today's shares; each row links to the filing.

FY	Ended	Revenue, $M	Net income, $M	EPS diluted	Dividend	Filing
2013	2013-12-31	9,413	2,012	3.66	paid	0001193125-16-479471
2014	2014-12-31	10,719	2,497	4.56	paid	0001564590-17-002240
2015	2015-12-31	9,968	968	1.76	paid	0001564590-18-022264
2016	2016-12-31	10,163	4,965	9.01	paid	0001564590-19-003727
2017	2017-12-31	10,584	602	1.08	paid	0001628280-20-003693
2018	2018-12-31	11,099	1,546	2.83	paid	0001628280-21-008034
2019	2019-12-31	11,362	1,001	1.93	paid	0001628280-22-003432
2020	2020-12-31	11,673	1,102	2.13	paid	0001628280-23-002864
2021	2021-12-31	12,146	1,284	2.53	paid	0001628280-24-003932
2022	2022-12-31	10,057	-2,433	-4.83	paid	0001628280-25-007201
2023	2023-12-31	10,360	2,656	5.23	paid	0001628280-26-007733
2024	2024-12-31	10,636	-649	-1.27	paid	0001628280-26-007733
2025	2025-12-31	11,244	-957	-1.87	paid	0001628280-26-007733

Insider transactions

SEC Form 4 open-market purchases and sales from the insider data sets; latest 20.

No open-market transactions in the loaded quarters.

Filings and links

Third-party sites are linked only; nothing from them is stored here.

SEC: filing index, 8-K, Form 4, XBRL companyfacts
Prices: Yahoo Finance, Stooq
Elsewhere: morningstar, finviz, stockanalysis, seeking alpha, openinsider, google news

Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/BAX; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23. Data last checked 2026-10-26.