Baxter International Inc. BAX NYSE

Baxter International Inc. (BAX) generated $584M in operating cash flow for quarter ending 2025-12-31. After capital expenditures of $140M, free cash flow was $444M.

Free cash flow margin was 14.9% of revenue. Cash conversion ratio was -0.56x, suggesting some earnings are non-cash.

The company returned $87M in dividends to shareholders during the quarter.

Criteria supported by this page:

• HEALTH (33/100, Fail) — weak cash flow raises concerns about debt servicing
• MOAT (49/100, Partial) — cash flow generation is present but not at levels indicating a wide moat
• INCOME (10/100) — Cash conversion ratio was -0.56x suggests some earnings are non-cash items

Overall SharesGrow Score: 43/100 with 2/7 criteria passed.