Baxter International Inc. (BAX) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$23.50 -7.70% NYSE • Public Delayed / 60s Snapshot

Baxter International Inc. (BAX) carries a Roarable Rating of C- (Hold) with 60/100 RQD Confidence. The underlying business is intact, so current owners don’t need to panic-sell—but mixed big-money flow or rich pricing means new buyers can afford to wait for either a pullback or a B-or-higher upgrade.

ROARABLE C- • HOLD / WATCH Cap $12.15B
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
RQD QUANT TACHOMETERHOLD / WATCH • C-
025507510060
JEV AI Jury Split (Battleground)
Cash
SEC
Whale
5-PILLAR SNOWFLAKE RADARRw D+ · Rk B
Cash (10)Whales (9)SEC (16)Macro (13)CEO (12)
Each axis scored 0–20
12M PRICE TARGET CONE+0.9% Base Target
$32 Bull$24 Base$18 Bear
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WHALE OPTIONS TUG-OF-WAR:45% Call Buyers ($2.0M)
55% PutsMax Pain: $23.00
VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How BAX Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$339.0M (3% FCF Margin)
Revenue$11.24BGross Profit $3.38B (30.1%)Cost of Sales $7.87BOp Profit $0 (0%)OpEx (R&D/SG&A) $3.38BNet Profit$0 (0%)Tax/Other $0

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow
FY23
Rev $10.36B
FY24
Rev $10.64B
FY25
Rev $11.24B
Fiscal YearRevenueGross MarginOp MarginNet ProfitFree Cash FlowROIC %
FY 2025$11.24B30.1%-2.7%-$957.0M$339.0M-2.3%
FY 2024$10.64B37.5%0.1%-$649.0M$540.4M0.1%
FY 2023$10.36B44%6.8%$2.66B$1.26B7.4%
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BAX // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +30.83%▼ SUPPORT BREAKDOWN
2026-10-30O $23.59H $23.59L $22.50C $23.00VOL 11.81M
RES: $25.26SUP: $23.41SMA50: $24.58SMA200: $21.34
$30.97$26.96$22.95$18.94$14.93RES $25.26SUP $23.41$23.002026-04-302026-06-152026-07-312026-09-162026-10-30
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

BAX Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)
11.2%/yr Implied 5Y Growth

vs. +5.7% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on BAX today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for BAX. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
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BAX Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

How profitable is Baxter International Inc. (BAX)?

In FY 2025 (10-K), BAX converted $11.2B of revenue into a 30.1% gross margin, 0% operating margin, and $339.0M in free cash flow (3% FCF margin).