Baxter International Inc (BAX)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -135,000 | -103,000 | -2,353,000 | 1,477,000 | 1,292,000 |
| Revenue | US$ in thousands | 4,513,000 | 14,813,000 | 15,113,000 | 12,784,000 | 11,673,000 |
| Pretax margin | -2.99% | -0.70% | -15.57% | 11.55% | 11.07% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-135,000K ÷ $4,513,000K
= -2.99%
Baxter International Inc's pretax margin has experienced fluctuations over the years. The company's pretax margin was 11.07% as of December 31, 2020, and slightly improved to 11.55% by the end of 2021. However, in the following years, the pretax margin turned negative, reaching -15.57% as of December 31, 2022, and further declining to -0.70% by the end of 2023, and -2.99% as of December 31, 2024. These negative pretax margins indicate that Baxter International Inc's operating expenses and taxes exceeded its gross profit in those years, potentially signaling challenges in cost management or revenue generation that may require further investigation.
Peer comparison
Dec 31, 2024