Baxter International Inc (BAX)

Gross profit margin

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Gross profit (ttm) US$ in thousands 4,975,000 4,891,000 4,819,000 5,079,000 5,152,000 5,170,000 5,446,000 5,308,000 5,105,000 4,890,000 4,764,000 4,569,000 4,587,000 4,694,000 4,729,000 4,844,000 4,761,000 4,646,000 4,648,000 4,718,000
Revenue (ttm) US$ in thousands 14,920,000 14,899,000 14,958,000 15,052,000 15,164,000 14,775,000 14,223,000 13,534,000 12,731,000 12,327,000 12,064,000 11,659,000 11,491,000 11,459,000 11,330,000 11,475,000 11,340,000 11,142,000 11,110,000 11,118,000
Gross profit margin 33.34% 32.83% 32.22% 33.74% 33.98% 34.99% 38.29% 39.22% 40.10% 39.67% 39.49% 39.19% 39.92% 40.96% 41.74% 42.21% 41.98% 41.70% 41.84% 42.44%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,975,000K ÷ $14,920,000K
= 33.34%

Baxter International Inc. has displayed consistency in its gross profit margin over the quarters presented. The gross profit margin has ranged between 33.59% and 39.19% over the past eight quarters. There was a noticeable decline in the gross profit margin from Q2 2022 to Q1 2023, from 38.95% to 35.84%, followed by a slight decrease to 33.59% in Q4 2023.

The company may have experienced changes in factors affecting its cost of goods sold or sales prices during these periods. Overall, maintaining a gross profit margin above 30% indicates that Baxter International Inc. has been able to effectively manage its production costs relative to its revenue, ensuring a healthy level of profitability.


Peer comparison

Dec 31, 2023


See also:

Baxter International Inc Gross Profit Margin (Quarterly Data)