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Baxter InternationalStock · HealthcareS&P 500 0.0%
$23.27+$0.87 (+3.88%)as of Jul 27, 10:45 AM ET
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How Baxter International makes money

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How does Baxter International make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Baxter International · FY2025 · year ended 2025-12-31
Revenue$11.2BNet loss$957M · 9%Cost of revenue$7.9B · 70%Gross profit$3.4B · 30%Operating expenses$3.7B · 33%R&D$518M · 5%SG&A$2.9B · 26%Other opex$279M · 2%Income tax$395M · 4%Other expense$254M · 2%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.