Baxter International Inc (BAX)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,656,000 | 2,592,000 | -2,853,000 | -2,460,000 | -2,433,000 | -2,376,000 | 1,011,000 | 1,057,000 | 1,284,000 | 1,214,000 | 1,120,000 | 1,068,000 | 1,102,000 | 911,000 | 924,000 | 991,000 | 1,001,000 | 1,329,000 | 1,478,000 | 1,506,000 |
| 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 |
| Net profit margin | 17.80% | 17.40% | -19.07% | -16.34% | -16.04% | -16.08% | 7.11% | 7.81% | 10.09% | 9.85% | 9.28% | 9.16% | 9.59% | 7.95% | 8.16% | 8.64% | 8.83% | 11.93% | 13.30% | 13.55% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,656,000K ÷ $14,920,000K
= 17.80%
The net profit margin of Baxter International Inc. has shown variability over the past eight quarters. In Q4 2023, the net profit margin stood at 17.93%, reflecting a healthy profitability level. This was slightly higher than the previous quarter's margin of 17.34% in Q3 2023. However, in Q2 2023 and Q1 2023, the company reported negative net profit margins of -19.00% and -16.34%, respectively. This suggests that the company incurred losses during these periods.
Looking further back, in Q4 2022, the net profit margin was at -16.10%, which was in line with the negative trend observed in the first two quarters of 2023. However, there was a significant improvement in profitability in Q2 2022 and Q1 2022, with net profit margins of 7.12% and 7.80%, respectively.
The fluctuation in Baxter International Inc.'s net profit margin indicates varying levels of efficiency in managing operational costs and generating profits. It is essential for the company to focus on improving profitability in quarters where margins are negative and sustaining or increasing margins in periods of positive performance to ensure long-term financial stability.
Peer comparison
Dec 31, 2023