Company Description
Baxter International Inc. (NYSE: BAX) is a global medtech company in the surgical and medical instrument manufacturing industry. According to company statements, Baxter focuses on essential solutions in the hospital, physician’s office and other sites of care. Its portfolio spans connected care technologies, medical devices and advanced injectable technologies that are used by healthcare providers and patients across multiple care settings.
The company describes its enduring mission as to Save and Sustain Lives, and notes that for nearly a century customers have relied on Baxter as a vital and trusted partner. Baxter highlights that millions of patients and healthcare providers depend on its portfolio of connected solutions, medical devices and injectable therapies each day. The company’s common stock is listed on the New York Stock Exchange under the symbol BAX, and it has also issued global notes that trade on the NYSE.
Business focus and product areas
Based on available information, Baxter’s business centers on technologies and products that support direct patient care and clinical workflows. From its legacy operations, Baxter offers injectable therapies for use in care settings, including IV pumps, administration sets and solutions, nutritional products, and surgical sealants and hemostatic agents. The company has also described itself as an innovative leader in infusion therapies and technologies, with smart infusion pumps and related safety software designed to support controlled administration of fluids such as pharmaceutical drugs, blood and blood products.
Baxter expanded its hospital-focused offerings by acquiring Hillrom, which added equipment such as hospital beds, operating room equipment and patient monitoring tools. In more recent communications, Baxter emphasizes a portfolio of smart beds, surfaces and connected care solutions for medical-surgical units and intensive care units, as well as connected infusion systems that integrate with electronic medical records (EMRs). Baxter has also disclosed that it sold its kidney care tools business, indicating a strategic shift in its portfolio.
Connected care and digital integration
Several Baxter announcements underscore the company’s emphasis on connected care technologies. Baxter reports that its solutions can integrate with hospital EMRs to enable features such as auto-programming of infusions and dose-error reduction systems. In collaboration with The University of Texas Medical Branch, Baxter presented real-world data on its Spectrum IQ large volume infusion pumps, showing that EMR integration was associated with reductions in certain safety alerts, time to program infusions and time to resolve alerts. These capabilities are described as supporting patient safety, clinician productivity and programming compliance.
Baxter also highlights connected features in its smart bed and stretcher offerings. For example, the Dynamo Series stretcher is described as having optional wireless connectivity to deliver select clinical safety and patient data to the EMR, and integration with Baxter’s Voalte Nurse Call and other systems to send real-time notifications to care teams. Technologies such as the SafeView+ system and bed exit alarms are presented as tools to help anticipate risk and reduce patient falls, while also easing the cognitive burden on care teams.
Examples of Baxter solutions
Within its infusion therapy portfolio, Baxter describes the Spectrum IQ Infusion System with Dose IQ Safety Software as intended for controlled administration of fluids via routes such as IV, arterial, subcutaneous or epidural. The system is designed to be used with compatible IV administration sets and medications, and to reduce operator interaction through guided programming and automation of infusion parameter programming and documentation. The company states that these automation features are intended to reduce pump programming errors.
In the area of patient handling and monitoring, Baxter has announced the Dynamo Series smart stretcher, intended for emergency departments, perioperative environments and patient transport services. The stretcher is described as designed to minimize the need for patient transfers by enabling a range of procedures to be performed in-stretcher, with integrated stirrups and a full electric suite for powered drive and positioning. Baxter notes that the Dynamo Series includes features aimed at enhancing patient safety and comfort, such as one-touch positioning controls, the ability to convert to a true chair position and a wide care surface.
Partnerships and care delivery initiatives
Baxter’s communications also reference partnerships that focus on care delivery and nursing workflows. A multi-year strategic partnership with MUSC Health is described as aiming to enhance patient care through integrated connected care technologies. Objectives include standardizing and simplifying bedside technologies, reducing documentation time, streamlining communication, improving nurse satisfaction and retention, and using real-time insights and advanced monitoring to support quality and safety outcomes. Baxter characterizes these efforts as aligned with its vision to redefine healthcare delivery and improve the experiences of care teams through connected technologies and services.
Capital structure and financing activities
SEC filings indicate that Baxter is incorporated in Delaware and has securities registered under Section 12(b) of the Securities Exchange Act of 1934, including its common stock and certain global notes. The company has undertaken various financing and liability management transactions, such as issuing senior notes due 2029, 2030 and 2035 and conducting tender offers for existing senior unsecured notes due 2026 and 2027. Baxter has also amended its credit agreements and repaid a term loan facility using proceeds from new notes. These activities are described in detail in Baxter’s Form 8-K filings and related offering documents.
Corporate responsibility and philanthropy
Through the Baxter Foundation, described as the philanthropic arm of Baxter International Inc., the company supports initiatives that align with its mission to Save and Sustain Lives. The Foundation focuses on increasing access to healthcare for underserved populations, developing the next generation of innovators in healthcare and creating positive, long-lasting community impact. One example is a multi-year grant to Northwestern University’s School of Education and Social Policy to support the Baxter Center for Science Education, which provides STEM programs, educator professional development, classroom lab resources and student experiences in the Chicagoland area.
Stock information and investor focus
Baxter’s common stock trades on the New York Stock Exchange under the symbol BAX. The company has communicated decisions regarding its dividend policy, including a reduction in the quarterly dividend to reallocate cash flow toward deleveraging. Baxter’s SEC filings and press releases also describe its use of tender offers and new debt issuance as part of broader refinancing and capital allocation plans. Investors can review Baxter’s Form 8-K filings and other SEC documents for details on these transactions, credit agreements and governance developments.
Summary
According to its public statements, Baxter International Inc. is a global medtech company that provides connected solutions, medical devices and advanced injectable technologies across hospitals, physician offices and other care sites. Its offerings include infusion therapies and smart pumps, smart beds and stretchers, and other equipment and technologies that support patient safety, clinician workflows and connected care. The company complements its commercial activities with partnerships focused on care delivery and nursing practice, as well as philanthropic initiatives in healthcare access and STEM education.
Stock Performance
Baxter Intl (BAX) stock last traded at $16.67. Over the past 12 months, the stock has lost 50.4%, ranking #1,919 in 52-week price change. At a market capitalization of $8.7B, BAX is classified as a mid-cap stock with approximately 516.3M shares outstanding.
Latest News
Baxter Intl has 10 recent news articles, with the latest published 4 days ago. Of the recent coverage, 4 articles coincided with positive price movement and 6 with negative movement. Key topics include conferences, earnings, partnership. View all BAX news →
SEC Filings
Baxter Intl has filed 5 recent SEC filings, including 2 Form 8-K, 1 Form SCHEDULE 13G/A, 1 Form ARS, 1 Form DEF 14A. The most recent filing was submitted on March 26, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all BAX SEC filings →
Financial Highlights
Baxter Intl generated $11.2B in revenue over the trailing twelve months, retaining a 30.0% gross margin, operating income reached -$308.0M (-2.7% operating margin), and net income was -$957.0M, reflecting a -8.5% net profit margin. Diluted earnings per share stood at $-1.87. The company generated $845.0M in operating cash flow. With a current ratio of 2.31, the balance sheet reflects a strong liquidity position.
Upcoming Events
Question submission window
Outgoing CFO advisor end
Annual Stockholders Meeting
Select geographic expansion planned
Baxter Intl has 4 upcoming scheduled events. The next event, "Question submission window", is scheduled for April 21, 2026 (in 18 days). Investors can track these dates to stay informed about potential catalysts that may affect the BAX stock price.
Short Interest History
Short interest in Baxter Intl (BAX) currently stands at 37.7 million shares, down 1.7% from the previous reporting period, representing 7.4% of the float. Over the past 12 months, short interest has increased by 118.3%.
Days to Cover History
Days to cover for Baxter Intl (BAX) currently stands at 3.8 days, up 9.3% from the previous period. This days-to-cover ratio represents a balanced liquidity scenario for short positions. The days to cover has increased 32.4% over the past year, indicating either rising short interest or declining trading volume. The ratio has shown significant volatility over the period, ranging from 2.1 to 5.3 days.
BAX Company Profile & Sector Positioning
Baxter Intl (BAX) operates in the Medical Instruments & Supplies industry within the broader Surgical & Medical Instruments & Apparatus sector and is listed on the NYSE. Among dividend-paying stocks, BAX ranks #1,463 by dividend yield. In monthly performance, the stock ranks #1,479 among all tracked companies.
Investors comparing BAX often look at related companies in the same sector, including Solventum Corporation (SOLV), Hologic Inc (HOLX), Cooper (COO), West Pharm Svcs (WST), and Becton Dickinson & Co (BDX). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate BAX's relative position within its industry.