Company / Operating Margin
Baxter International Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
-2.7%
FY2025
5-year range
-28.3% / 11.1%
FY2021-FY2025
Trend
-2207.7%
vs FY2024
Sector context
#105 of 148
Health Care
What the data says
Operating Margin changed -2208% YoY in FY2025, a notable deviation from the 9-year average annual change of -271%.
Based on SEC 10-K filings.
-2.7% in FY2025 with a 5-year CAGR of -16.6%.
Declined from 6.8% to -2.7% over the past 2 years.
Health Care sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +25.6pp
- 5-Year Change
- -16.6pp
- 10-Year Change
- -
Sector benchmark
#105 of 148 in Health CareTop 71% of 148This company -2.7% Sector average -284.5%
▼
+99.0% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 2207.7% year-over-year.
- Currently 281.7pp above the Health Care sector average.
- Peak operating margin was recorded in FY2018.
- Lowest operating margin in the period was in FY2022.
Company context
Key Data Points
- Negative profit margin: -6.1%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -2.7% | -2207.7% |
| FY2024 | 0.1% | -98.1% |
| FY2023 | 6.8% | +124.1% |
| FY2022 | -28.3% | -354.6% |
| FY2021 | 11.1% | -19.7% |
| FY2020 | 13.8% | +13.7% |
| FY2019 | 12.2% | -14.7% |
| FY2018 | 14.3% | +17.3% |
| FY2017 | 12.2% | +98.9% |
| FY2016 | 6.1% | +36.0% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026