Baxter International Inc (BAX)

Pretax margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	-593,000	166,000	-75,000	-1,000	-47,000	-61,000	-2,855,000	-2,377,000	-2,353,000	-2,294,000	1,123,000	1,220,000	1,477,000	1,404,000	1,368,000	1,265,000	1,292,000	859,000	925,000	999,000
Revenue (ttm)	US$ in thousands	12,856,000	13,988,000	14,997,000	14,892,000	14,949,000	14,951,000	15,016,000	15,055,000	15,113,000	14,740,000	14,193,000	13,545,000	12,784,000	12,451,000	12,197,000	11,817,000	11,673,000	11,531,000	11,410,000	11,532,000
Pretax margin		-4.61%	1.19%	-0.50%	-0.01%	-0.31%	-0.41%	-19.01%	-15.79%	-15.57%	-15.56%	7.91%	9.01%	11.55%	11.28%	11.22%	10.70%	11.07%	7.45%	8.11%	8.66%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-593,000K ÷ $12,856,000K
= -4.61%

The pretax margin of Baxter International Inc has shown fluctuating trends over the period from March 31, 2020, to December 31, 2024. The company's pretax margin started at 8.66% in March 2020, declined to 7.45% by September 2020, and then experienced a notable increase to 11.07% by December 2020. The margin remained relatively stable around the 11% range until June 2021 when it peaked at 11.22%.

However, a downward trend followed from September 2021 to March 2022, reaching the lowest point of -19.01% in June 2023. Subsequently, there was a significant improvement as the margin rebounded to 1.19% by September 2024. However, by December 2024, the pretax margin showed a decline again at -4.61%.

The considerable fluctuations in the pretax margin of Baxter International Inc indicate the company's varying profitability levels and the need for further analysis to understand the factors driving these changes.