BAXTER INTERNATIONAL INC

Surgical & Medical Instruments & Apparatus·DEERFIELD, IL·FY end 12/31·CIK 10456

CEO Pay Ratio

257:1

José E. Almeida

CEO Total Comp

$18.1M

José E. Almeida

Median Employee

—

Revenue

$11.2B

FY 2025

Net Income

-$957.0M

FY 2025

Free Cash Flow

—

FY 2025

Net Margin

-8.5%

Insider Net (180d)

0 buys / 0 sales

CEO Pay Accountability

CEO comp as % of net income

-3.53%

For every $1,000 of profit, $-35.29 flows to the CEO.

CEO comp as % of buybacks

—

No buyback data for the most recent fiscal year.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$11.2B	$2.8B	$3.9B	$15.1B	$12.8B
Gross Profit	$3.4B	$959.0M	$1.5B	$5.4B	$5.1B
Operating Income	-$308.0M	$14.0M	$390.0M	-$1.9B	$1.7B
Net Income	-$957.0M	-$512.0M	$245.0M	-$2.4B	$1.3B
Operating CF	$845.0M	$1.0B	$1.7B	$1.2B	$2.2B
Capex	—	—	—	—	—	—
Free Cash Flow	—	—	—	—	—	—
Buybacks	—	$0	$0	$32.0M	$600.0M
Dividends	$348.0M	$590.0M	$586.0M	$573.0M	$530.0M

Gross Margin	30.1%	34.8%	37.9%	35.7%	39.9%
Operating Margin	-2.7%	0.5%	10.0%	-12.9%	13.4%
Net Margin	-8.5%	-18.6%	6.3%	-16.1%	10.0%
FCF Margin	—	—	—	—	—	—
R&D / Revenue	4.6%	21.4%	17.2%	4.0%	4.2%
Effective Tax	-78.2%	-12.8%	33.0%	-2.9%	12.3%
Debt / Equity	1.54	1.89	1.65	2.86	1.96
Buybacks / FCF	—	—	—	—	—	—

FY 2024

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
José E. AlmeidaFormer Chair of the Board, President and Chief Executive Officer	$1.3M	$14.3M	—	$2.0M	$435.6K	$18.1M
Christopher TothFormer Executive Vice President and Group President, Kidney Care	$1.0M	$5.1M	—	$1.4M	$78.2K	$7.6M
Heather KnightExecutive Vice President, Chief Operating Officer and Interim Group President, Medical Products & Therapies	$883.3K	$4.6M	—	$1.0M	$66.5K	$6.6M
Joel GradeExecutive Vice President and Chief Financial Officer	$810.0K	$4.3M	—	$1.3M	$62.2K	$6.5M
Alok SonigExecutive Vice President and Group President, Pharmaceuticals	$787.5K	$3.6M	—	$904.0K	$71.0K	$5.3M