Baxter International Inc (BAX)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,656,000 | -2,433,000 | 1,284,000 | 1,102,000 | 1,001,000 |
| Revenue | US$ in thousands | 14,847,000 | 15,164,000 | 12,731,000 | 23,192,000 | 22,616,000 |
| Net profit margin | 17.89% | -16.04% | 10.09% | 4.75% | 4.43% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $2,656,000K ÷ $14,847,000K
= 17.89%
Baxter International Inc.'s net profit margin has exhibited significant fluctuation over the past five years, as evidenced by the following figures: 17.93% in 2023, -16.10% in 2022, 10.04% in 2021, 9.44% in 2020, and 8.81% in 2019. The positive net profit margins in 2023, 2021, 2020, and 2019 indicate that the company generated profits after accounting for all expenses and taxes, with the highest margin recorded in 2023. However, the negative net profit margin in 2022 raises concerns as it suggests that the company incurred a net loss during that year. Overall, the variability in Baxter's net profit margin highlights the company's changing profitability performance over the years, emphasizing the importance of examining trends and identifying underlying factors driving these fluctuations.
Peer comparison
Dec 31, 2023