Baxter International Inc. Financial Ratios — BAX Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	33.82	34.4	26.13	30.12	11.41	57.95	6.91	18.22	12.73	13.3	14.45	-32.64	37.32	-8.45	-14.62
Return on Assets (%)	12.17	11.79	8.82	9.72	4.11	27.2	3.69	9.42	5.9	5.77	4.8	-7.87	9.39	-2.4	-4.18
Return on Capital (%)	19.53	19.39	14.02	15.23	6.77	- -	5.48	13.64	- -	8.34	6.82	- -	13.26	- -	- -
Return on Invested Capital (%)	18.5	16.12	2.55	3.4	2.45	- -	5.9	12.44	- -	9.26	5.75	- -	2.3	- -	- -
Gross Margin (%)	50.72	51.19	44.22	42.74	41.59	40.5	42.27	42.88	41.9	39.3	38.86	35.29	40.06	37.46	30.05
EBITDA Margin (%)	26.03	24.99	12.02	13.51	12.12	15.2	19.26	21.22	22.54	20.73	18.2	10.33	16.32	13.5	10.3
Operating Margin (%)	21.2	19.88	5.27	6.12	4.5	7.33	12.17	14.27	15.6	13.68	11.07	-0.33	6.82	4.13	1.57
Incremental Operating Margin (%)	77.14	-409.3	50.28	12.25	27.56	151.79	128.98	57.48	71.48	-56.27	-53.49	-31.31	244.22	-97.1	-43.09
Pretax Margin (%)	20.22	20.36	3.98	4.57	4.29	48.75	10.39	14.57	8.54	11.07	9.19	-32.3	2.34	-2.72	-4.49
Profit Margin (%)	16.01	16.69	21.37	23.3	9.71	48.85	5.69	13.93	8.81	9.44	10.57	-24.19	25.64	-6.1	-8.51
Net Income to Common Margin (%)	16.01	16.69	21.37	23.3	9.71	48.85	5.69	13.93	8.81	9.44	10.57	-24.19	25.64	-6.1	-8.51
Effective Tax Rate (%)	19.69	19.56	16	6.73	8.18	- -	44.64	4.02	- -	14.09	7.44	- -	25.21	- -	- -
Dvd Payout Ratio (%)	30.99	35.22	324.76	239.61	231.55	5.4	51.72	24.23	41.43	42.31	50.77	-18.48	311.7	-187.3	-38.67
Sustainable Growth Rate (%)	23.34	22.29	-58.73	-42.04	-15.01	54.82	3.34	13.81	7.46	7.67	7.12	-38.67	-79	-24.27	-20.27

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	5,195	5,930	9,166	9,029	6,507	2,782	3,512	3,485	5,961	6,804	18,310	17,203	14,113	13,449	9,780
ST Debt	446	350	1,040	1,698	2,585	3	3	4	642	517	639	1,524	2,759	2,832	84
LT Debt	4,749	5,580	8,126	7,331	3,922	2,779	3,509	3,481	5,319	6,287	17,671	15,679	11,354	10,617	9,696
Total Debt/EBITDA	1.44	1.7	8.1	6.24	5.39	1.8	1.72	1.48	2.33	2.81	8.28	16.56	8.35	9.37	8.45
Net Debt/EBITDA	0.63	0.76	5.69	4.22	3.55	-0.01	0.06	0.7	0.79	1.02	6.65	14.36	6.31	7.91	6.49
Total Debt/EBIT	1.76	2.14	18.48	13.76	14.49	3.73	2.73	2.2	3.36	4.26	13.62	-521.3	19.96	30.64	55.25
Net Debt/EBIT	0.78	0.96	12.97	9.3	9.56	-0.03	0.09	1.04	1.14	1.54	10.94	-452.06	15.1	25.88	42.43
EBITDA to Interest Expense	39.3	30.81	7.3	8.67	8.27	17.36	23.98	25.32	23.07	15.82	10.68	2.52	3.33	3.52	3.99
EBITDA-CapEx/Interest Expense	39.3	30.81	7.3	8.67	8.27	17.36	23.98	25.32	23.07	15.82	10.68	1.89	3.32	3.49	3.96
EBIT to Interest Expense	32.02	24.51	3.2	3.93	3.08	8.37	15.15	17.03	15.96	10.44	6.49	-0.08	1.39	1.08	0.61
Interest Expense	92	113	155	167	146	89	85	93	111	153	207	413	508	408	290
Common Equity/Total Assets	34.53	34.03	33.55	31.07	42.2	53.33	53.32	49.9	43.32	43.4	27.08	20.62	29.71	27.01	30.56
Long-Term Debt/Equity (%)	69.55	79.97	95.76	89.88	44.24	33.56	38.49	44.25	67.23	72.05	193.74	265.97	134.08	151.15	158.9
Long-Term Debt/Capital (%)	39.5	43.23	46.03	42.66	25.51	25.12	27.79	30.67	38.34	40.48	64.42	67.88	50.28	51.86	61.05
Long-Term Debt/Total Assets (%)	24.9	27.37	32.22	28.05	18.71	17.88	20.51	22.14	29.24	31.41	52.72	55.43	40.15	41.18	48.35
Total Debt/Equity (%)	76.08	84.98	108.01	110.7	73.4	33.6	38.53	44.3	75.34	77.97	200.75	291.82	166.66	191.47	160.28
Total Debt/Capital (%)	43.21	45.94	51.93	52.54	42.33	25.15	27.81	30.7	42.97	43.81	66.75	74.48	62.5	65.69	61.58
Total Debt/Total Assets (%)	27.24	29.08	36.34	34.54	31.04	17.9	20.52	22.17	32.77	33.99	54.62	60.82	49.91	52.16	48.77
Net Debt to Equity	33.54	38.12	75.81	74.84	48.44	-0.23	1.29	20.94	25.47	28.21	161.27	253.06	126.1	161.76	123.07
Net Debt/Capital (%)	25.12	27.6	43.12	42.81	32.63	-0.23	1.28	17.31	19.12	20.86	60.09	69.78	54.75	60.73	53.97
EBITDA	3,616	3,482	1,131	1,448	1,208	1,545	2,038	2,355	2,561	2,420	2,211	1,039	1,691	1,436	1,158
EBITDA-CapEx	3,616	3,482	1,131	1,448	1,208	1,545	2,038	2,355	2,561	2,420	2,211	781	1,687	1,422	1,149
Operating Income (Loss)	2,946	2,770	496	656	449	745	1,288	1,584	1,772	1,597	1,344	-33	707	439	177

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.6	0.69	0.52	0.48	1.28	1.02	1.2	0.65	1.03	1.12	0.7	0.36	0.47	0.27	0.66
Current Ratio	1.78	1.95	1.94	1.68	2.05	2.4	2.57	2.12	2.32	2.52	2.09	1.69	1.48	1.36	2.31
Quick Ratio	1.1	1.2	1.08	0.8	1.58	1.64	1.84	1.31	1.62	1.74	1.34	0.91	0.75	0.54	1.31
CFO/Avg Current Liab	0.63	0.65	0.64	0.57	0.3	0.39	0.62	0.72	0.7	0.57	0.59	0.27	0.31	0.16	0.18
Common Equity/Total Assets	34.53	34.03	33.55	31.07	42.2	53.33	53.32	49.9	43.32	43.4	27.08	20.62	29.71	27.01	30.56
Long-Term Debt/Equity (%)	69.55	79.97	95.76	89.88	44.24	33.56	38.49	44.25	67.23	72.05	193.74	265.97	134.08	151.15	158.9
Long-Term Debt/Capital (%)	39.5	43.23	46.03	42.66	25.51	25.12	27.79	30.67	38.34	40.48	64.42	67.88	50.28	51.86	61.05
Long-Term Debt/Total Assets (%)	24.9	27.37	32.22	28.05	18.71	17.88	20.51	22.14	29.24	31.41	52.72	55.43	40.15	41.18	48.35
Total Debt/Equity (%)	76.08	84.98	108.01	110.7	73.4	33.6	38.53	44.3	75.34	77.97	200.75	291.82	166.66	191.47	160.28
Total Debt/Capital (%)	43.21	45.94	51.93	52.54	42.33	25.15	27.81	30.7	42.97	43.81	66.75	74.48	62.5	65.69	61.58
Total Debt/Total Assets (%)	27.24	29.08	36.34	34.54	31.04	17.9	20.52	22.17	32.77	33.99	54.62	60.82	49.91	52.16	48.77
CFO/Total Liabilities	23.01	23.16	19.11	17.88	14.64	22.76	21.44	25.68	20.46	16.54	9.11	5.41	8.71	5.43	6.06
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.69	431.5	72.79	93.89
Altman's Z-Score	3.34	3.45	2.53	2.4	2.94	5.1	5.83	6.22	5.71	5.19	3.96	2.92	2.95	2.82	3.74

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	11.48	5.75	3.53	4.47	5.51	5.94	6.08	6.11	6.08	5.98	5.24	3.87	4.83	6.26	6.35
Days Sales Outstanding	31.79	63.45	103.45	81.64	66.19	61.45	60.07	59.74	60.01	61.02	69.66	94.36	75.57	58.31	57.46
Inventory Turnover	2.74	2.5	1.67	2.42	3.66	3.99	4.21	4.04	3.98	3.97	3.4	2.54	2.7	3.36	3.68
Days Inventory Outstanding	133.24	145.72	219.03	150.92	99.71	91.57	86.77	90.44	91.79	91.92	107.37	143.91	135.1	108.75	99.27
Accounts Payable Turnover	9.23	8.94	6.36	4.74	8.4	7.79	7.19	6.81	6.97	7.6	6.96	5.72	5.47	7.33	8.19
Accounts Payable Turnover Days	39.56	40.83	57.36	77.05	43.46	46.83	50.73	53.59	52.36	48.05	52.46	63.85	66.68	49.77	44.59
Cash Conversion Cycle	125.47	168.33	265.13	155.51	122.43	106.19	96.11	96.59	99.43	104.89	124.57	174.43	143.99	117.29	112.14
Inventory to Cash Days	-101.45	-82.27	-115.57	-69.28	-33.53	-30.12	-26.69	-30.71	-31.78	-30.9	-37.71	-49.55	-59.53	-50.45	-41.81
Inventories	2,628	2,803	3,499	1,577	1,604	1,430	1,475	1,667	1,653	1,916	2,453	2,679	1,918	2,046	2,232
Raw Materials	596	765	920	372	374	319	347	367	377	460	591	698	530	510	536
Work In Process	923	898	1,136	148	142	122	116	207	185	196	300	294	234	266	369
Finished Goods	1,109	1,140	1,443	1,057	1,088	989	1,012	1,093	1,091	1,260	1,562	1,687	1,154	1,270	1,327
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	15,079	19,778	20,516	21,597	20,893	23,878	35,001	33,766	42,325	40,514	43,059	25,711	19,625	14,899	9,828
- Cash & Cash Equivalents	2,905	3,270	2,733	2,925	2,213	2,801	3,394	1,838	3,335	3,730	2,951	1,718	3,078	1,764	1,966
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	243	40	23	36	19	-10	-8	22	30	37	44	62	66	60	-27
+ Total Debt	5,195	5,930	9,166	9,029	6,507	2,782	3,512	3,485	5,961	6,804	18,310	17,203	14,113	13,449	9,780
Enterprise Value	17,612	22,478	26,972	27,737	20,058	23,849	35,111	35,435	44,981	43,625	58,462	41,258	30,726	26,644	17,615
Total Capital	12,023	12,908	17,652	17,185	15,372	11,062	12,628	11,351	13,873	15,530	27,431	23,098	22,581	20,473	15,882
Total Debt/Capital (%)	43.21	45.94	51.93	52.54	42.33	25.15	27.81	30.7	42.97	43.81	66.75	74.48	62.5	65.69	61.58
Total Debt / EV	0.29	0.26	0.34	0.33	0.32	0.12	0.1	0.1	0.13	0.16	0.31	0.42	0.46	0.5	0.56
EV/Sales	1.27	1.61	2.87	2.59	2.01	2.35	3.32	3.19	3.96	3.74	4.81	4.1	2.97	2.51	1.57
EV/EBITDA	4.87	6.46	23.85	19.16	16.6	15.44	17.23	15.05	17.56	18.03	26.44	39.71	18.17	18.55	15.21
EV/EBIT	5.98	8.11	54.38	42.28	44.67	32.01	27.26	22.37	25.38	27.32	43.5	65.78	43.46	60.69	99.52
EV/Cash Flow to Firm	6.09	7.03	8.1	8.23	10.53	13.68	19.94	16.82	20.26	21.82	24.22	25.68	14.59	18.01	12.93
EV/Free Cash Flow to Firm	6.09	7.03	8.1	8.23	10.53	13.68	19.94	16.82	20.26	21.82	24.22	22.12	14.56	17.84	12.85
Diluted Market Cap	15,402	20,133	20,741	21,782	20,944	24,431	35,875	35,938	43,399	41,484	43,607	25,689	19,562	14,872	9,803
Diluted Enterprise Value	17,935	22,833	27,197	27,922	25,257	24,402	35,985	37,607	46,055	44,595	59,010	41,236	30,663	26,617	17,590
EV per Share	31.4	41.15	49.67	51.14	36.63	44.29	64.84	69.07	88.87	86.4	116.55	81.79	60.53	52.15	34.25
TTM Sales	13,893	13,936	9,413	10,719	9,968	10,163	10,584	11,099	11,362	11,673	12,146	10,057	10,360	10,636	11,244
TTM EBITDA	3,616	3,482	1,131	1,448	1,208	1,545	2,038	2,355	2,561	2,420	2,211	1,039	1,691	1,436	1,158
TTM Operating Income	2,946	2,770	496	656	449	745	1,288	1,584	1,772	1,597	1,344	-33	707	439	177
TTM Cash Flow to Firm	2,891	3,197	3,328	3,371	1,905	1,743	1,761	2,106	2,220	1,999	2,414	1,607	2,106	1,479	1,362
TTM Free Cash Flow to Firm	2,891	3,197	3,328	3,371	1,905	1,743	1,761	2,106	2,220	1,999	2,414	1,865	2,110	1,493	1,371

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	5.47	6.48	6.49	6.77	11.83	14.77	20.93	17.82	20.63	22.21	19.62	17.49	11.31	14.4	11.48
EV/EBIT	5.98	8.11	54.38	42.28	44.67	32.01	27.26	22.37	25.38	27.32	43.5	65.78	43.46	60.69	99.52
Enterprise Value	17,612	22,478	26,972	27,737	20,058	23,849	35,111	35,435	44,981	43,625	58,462	41,258	30,726	26,644	17,615
Low Price	25.83	26.61	34.12	36.04	32.18	34.06	44.06	61.05	64.13	69.1	73.12	49	31.01	28.34	17.4
EV/Sales	1.27	1.61	2.87	2.59	2.01	2.35	3.32	3.19	3.96	3.74	4.81	4.1	2.97	2.51	1.57
EV/EBITDA	4.87	6.46	23.85	19.16	16.6	15.44	17.23	15.05	17.56	18.03	26.44	39.71	18.17	18.55	15.21
Price/Earnings	6.88	8.58	10.2	8.64	21.48	4.88	58.3	22.73	42.52	37.06	33.56	- -	7.37	- -	- -
Price/Earnings Average	7.55	7.47	10.17	8.52	21.07	4.83	52.34	24.14	40.54	38.87	31.55	-13.97	7.8	-29.03	-14.46
Price/Earnings High	8.69	8.87	10.94	9.12	24.46	5.52	59.69	27.07	45.73	43.97	34.53	-18.58	10.12	-34.58	-20.23
Price/Earnings Low	6.61	6.3	9.21	7.82	18.12	3.75	39.74	21.09	32.61	31.92	28.59	-10.15	5.91	-22.27	-9.33
Price/Book Value	2.29	2.85	2.42	2.66	2.36	2.88	3.84	4.3	5.37	4.66	4.74	4.41	2.34	2.14	1.6
Price/Book Value Average	2.52	2.48	2.42	2.62	2.32	2.85	3.44	4.57	5.12	4.89	4.46	5.83	2.47	2.71	2.26
Price/Book Value High	2.89	2.95	2.6	2.81	2.69	3.26	3.93	5.13	5.77	5.53	4.88	7.76	3.21	3.23	3.17
Price/Book Value Low	2.2	2.09	2.19	2.41	1.99	2.21	2.61	3.99	4.12	4.02	4.04	4.24	1.87	2.08	1.46
Price/Tangible Book Value	4.38	5.46	10.45	6.04	4.34	5.21	7.53	9.84	12.52	10.66	-5.04	-3.47	-5.93	-4.22	-3.1
Price/Tangible Book Value Average	4.81	4.75	10.42	5.96	4.26	5.16	6.76	10.45	11.94	11.18	-4.73	-4.59	-6.28	-5.34	-4.38
Price/Tangible Book Value High	5.53	5.65	11.21	6.38	4.95	5.89	7.7	11.72	13.46	12.64	-5.18	-6.1	-8.15	-6.36	-6.12
Price/Tangible Book Value Low	4.21	4.01	9.43	5.47	3.66	4	5.13	9.13	9.6	9.18	-4.29	-3.33	-4.76	-4.1	-2.82
Price/Sales	1.1	1.43	2.18	2.01	2.09	2.38	3.32	3.17	3.75	3.5	3.55	2.55	1.89	1.4	0.87
Price/Sales Average	1.21	1.25	2.17	1.99	2.05	2.36	2.98	3.36	3.57	3.67	3.34	3.38	2	1.77	1.23
Price/Sales High	1.39	1.48	2.34	2.12	2.38	2.69	3.4	3.77	4.03	4.15	3.65	4.5	2.59	2.11	1.72
Price/Sales Low	1.06	1.05	1.97	1.82	1.76	1.83	2.26	2.94	2.87	3.01	3.02	2.46	1.51	1.36	0.79
Price/Cash Flow	5.43	6.42	6.41	6.71	11.74	14.64	20.48	17.43	20.23	21.86	19.39	21.21	11.33	14.59	11.6
Price/Cash Flow Average	5.96	5.59	6.4	6.62	11.52	14.49	18.38	18.5	19.29	22.93	18.23	28.06	12.01	18.49	16.38
Price/Cash Flow High	6.86	6.64	6.88	7.08	13.37	16.56	20.97	20.75	21.76	25.94	19.95	37.33	15.57	22.03	22.91
Price/Cash Flow Low	5.22	4.72	5.79	6.08	9.9	11.24	13.96	16.16	15.51	18.83	16.52	20.39	9.09	14.18	10.56
Price/Free Cash Flow Average	6.01	5.64	6.47	6.68	11.6	14.62	18.79	18.92	19.67	23.29	18.45	23.14	11.98	18.24	16.21
Price/Free Cash Flow High	6.91	6.7	6.96	7.15	13.47	16.71	21.43	21.22	22.18	26.35	20.19	30.78	15.54	21.73	22.67
Price/Free Cash Flow Low	5.25	4.76	5.86	6.13	9.98	11.35	14.27	16.53	15.82	19.12	16.72	16.81	9.07	13.99	10.45
EV/Sales Average	1.37	1.43	2.86	2.56	2.49	2.32	2.98	3.38	3.79	3.91	4.6	4.93	3.08	2.88	1.93
EV/Sales High	1.55	1.66	3.02	2.7	2.82	2.66	3.4	3.77	4.24	4.38	4.92	6.05	3.67	3.22	2.42
EV/Sales Low	1.23	1.24	2.65	2.4	2.2	1.8	2.26	2.97	3.09	3.26	4.29	4	2.59	2.47	1.49
EV/EBITDA Average	5.28	5.72	23.8	18.95	20.54	15.28	15.47	15.93	16.79	18.84	25.28	47.7	18.86	21.32	18.71
EV/EBITDA High	5.97	6.65	25.17	19.97	23.26	17.46	17.64	17.78	18.81	21.15	27	58.51	22.51	23.84	23.49
EV/EBITDA Low	4.71	4.95	22.09	17.74	18.16	11.85	11.76	14.01	13.71	15.7	23.56	38.75	15.87	18.26	14.45
EV/EBIT Average	6.48	7.19	54.27	41.82	55.25	31.69	24.48	23.69	24.27	28.55	41.58	-1,501.89	45.11	69.74	122.39
EV/EBIT High	7.32	8.36	57.39	44.09	62.59	36.22	27.91	26.44	27.19	32.04	44.42	-1,842.26	53.84	77.97	153.65
EV/EBIT Low	5.78	6.22	50.37	39.16	48.86	24.58	18.61	20.83	19.82	23.79	38.75	-1,220.13	37.97	59.74	94.55
Last Price	26.88	36.21	37.78	39.82	38.15	44.34	64.64	65.82	83.62	80.24	85.84	50.97	38.66	29.16	19.11
High Price	33.95	37.44	40.53	42	43.44	50.16	66.18	78.38	89.93	95.19	88.32	89.7	53.12	44.01	37.74
Enterprise Value Average	19,097	19,919	26,916	27,435	24,807	23,612	31,530	37,525	43,008	45,602	55,883	49,562	31,895	30,617	21,663
Enterprise Value High	21,578	23,150	28,465	28,920	28,103	26,983	35,945	41,878	48,174	51,174	59,706	60,795	38,066	34,231	27,196
Enterprise Value Low	17,023	17,235	24,984	25,687	21,937	18,313	23,967	32,988	35,116	38,001	52,081	40,264	26,843	26,225	16,735

Shares Outstanding	561	546	543	542	548	539	541	513	506	505	502	504	508	511	514
Diluted Weighted Avg Shares	573	556	549	547	549	551	555	546	519	517	508	504	506	510	513
Basic Weighted Avg Shares	569	551	543	542	545	546	543	534	509	509	502	504	506	510	513
Revenue per Share	24.42	25.29	17.34	19.78	18.29	18.61	19.49	20.78	22.32	22.93	24.2	19.95	20.47	20.85	21.92
EBITDA per Share	6.36	6.32	2.08	2.67	2.22	2.83	3.75	4.41	5.03	4.75	4.4	2.06	3.34	2.82	2.26
Operating Income per Share	5.18	5.03	0.91	1.21	0.82	1.36	2.37	2.97	3.48	3.14	2.68	-0.07	1.4	0.86	0.35
Basic EPS, GAAP	3.91	4.22	3.71	4.61	1.78	9.09	1.11	2.9	1.97	2.17	2.56	-4.83	5.25	-1.27	-1.87
Basic EPS from Cont Ops	3.96	4.14	0.58	0.84	0.72	9.1	1.12	2.91	1.99	2.18	2.06	-6.18	0.36	-0.64	-1.75
Diluted EPS, GAAP	3.88	4.18	3.66	4.56	1.76	9.01	1.08	2.83	1.93	2.13	2.53	-4.83	5.25	-1.27	-1.87
Diluted EPS from Cont Ops	3.94	4.11	0.57	0.84	0.72	9.01	1.1	2.84	1.95	2.15	2.03	-6.18	0.36	-0.64	-1.75
Dividend per Share	1.25	1.46	1.88	2.02	1.67	0.49	0.58	0.7	0.83	0.93	1.06	1.14	1.16	1.16	0.68
Cash Flow per Share	4.95	5.64	5.89	5.93	3.25	3.03	3.16	3.78	4.13	3.67	4.43	2.4	3.41	2	1.65
Free Cash Flow per Basic Share	4.95	5.64	5.89	5.93	3.25	3.03	3.16	3.78	4.13	3.67	4.43	1.89	3.4	1.97	1.63
Cash & Equivalents per Share	5.18	5.99	5.03	5.39	13.44	5.2	6.27	3.58	6.59	7.39	5.88	3.41	6.06	3.45	3.82
Book Value per Share	11.74	12.7	15.58	14.97	16.15	15.39	16.85	15.29	15.57	17.21	18.1	11.56	16.55	13.63	11.92
Tangible Book Value per Share	6.14	6.63	3.62	6.59	8.78	8.51	8.59	6.69	6.68	7.53	-17.05	-14.69	-6.52	-6.92	-6.16

Baxter International Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)