Baxter International Inc (BAX) — Capital Reinvestment Ratio
Baxter International Inc (BAX) has a Capital Reinvestment Ratio of 0.89x as of June 2026, meaning it reinvests 1% of its operating cash flow ($285.00 Million) in capital expenditures ($253.00 Million). Check BAX goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Baxter International Inc Capital Reinvestment Ratio (1989–2025)
This chart tracks Baxter International Inc's Capital Reinvestment Ratio across 37 annual periods. For the full cash flow conversion analysis, see Baxter International Inc (BAX) cash conversion ratio.
Annual Capital Reinvestment Ratio for Baxter International Inc (1989–2025)
Year-by-year Capital Reinvestment Ratio for Baxter International Inc from 1989 to 2025. See BAX cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.62x | $845.00 Million | $522.00 Million | ▲ +36.8% |
| 2024 | 0.45x | $1.02 Billion | $460.00 Million | ▲ +78.7% |
| 2023 | 0.25x | $1.73 Billion | $436.00 Million | ▼ -54.9% |
| 2022 | 0.56x | $1.21 Billion | $679.00 Million | ▲ +67.7% |
| 2021 | 0.33x | $2.22 Billion | $743.00 Million | ▼ -11.9% |
| 2020 | 0.38x | $1.87 Billion | $709.00 Million | ▲ +14.7% |
| 2019 | 0.33x | $2.10 Billion | $696.00 Million | ▲ +1.2% |
| 2018 | 0.33x | $2.02 Billion | $659.00 Million | ▼ -9.1% |
| 2017 | 0.36x | $1.71 Billion | $616.00 Million | ▼ -17.3% |
| 2016 | 0.43x | $1.65 Billion | $719.00 Million | ▼ -15.5% |
| 2015 | 0.51x | $1.77 Billion | $911.00 Million | ▲ +78.8% |
| 2014 | 0.29x | $3.21 Billion | $925.00 Million | ▲ +30.3% |
| 2013 | 0.22x | $3.20 Billion | $706.00 Million | ▼ -40.9% |
| 2012 | 0.37x | $3.11 Billion | $1.16 Billion | ▲ +9.7% |
| 2011 | 0.34x | $2.82 Billion | $960.00 Million | ▲ +6.3% |
| 2010 | 0.32x | $3.00 Billion | $963.00 Million | ▼ -8.0% |
| 2009 | 0.35x | $2.91 Billion | $1.01 Billion | ▼ -8.1% |
| 2008 | 0.38x | $2.52 Billion | $954.00 Million | ▲ +26.3% |
| 2007 | 0.30x | $2.31 Billion | $692.00 Million | ▲ +24.6% |
| 2006 | 0.24x | $2.18 Billion | $526.00 Million | ▼ -15.9% |
| 2005 | 0.29x | $1.55 Billion | $444.00 Million | ▼ -29.2% |
| 2004 | 0.40x | $1.38 Billion | $558.00 Million | ▼ -27.0% |
| 2003 | 0.55x | $1.43 Billion | $789.00 Million | ▼ -22.1% |
| 2002 | 0.71x | $1.19 Billion | $848.00 Million | ▲ +1.7% |
| 2001 | 0.70x | $1.09 Billion | $759.00 Million | ▲ +20.0% |
| 2000 | 0.58x | $1.18 Billion | $685.00 Million | ▼ 0.0% |
| 1999 | 0.58x | $1.08 Billion | $631.00 Million | ▼ -1.6% |
| 1998 | 0.59x | $939.00 Million | $556.00 Million | ▼ -27.2% |
| 1997 | 0.81x | $558.00 Million | $454.00 Million | ▲ +62.1% |
| 1996 | 0.50x | $793.00 Million | $398.00 Million | ▲ +68.1% |
| 1995 | 0.30x | $1.34 Billion | $399.00 Million | ▼ -21.7% |
| 1994 | 0.38x | $1.32 Billion | $502.00 Million | ▼ -43.4% |
| 1993 | 0.67x | $765.00 Million | $516.00 Million | ▼ -4.2% |
| 1992 | 0.70x | $763.00 Million | $537.00 Million | ▲ +1.7% |
| 1991 | 0.69x | $769.00 Million | $532.00 Million | ▲ +50.0% |
| 1990 | 0.46x | $796.00 Million | $367.00 Million | ▼ -13.9% |
| 1989 | 0.54x | $618.00 Million | $331.00 Million | — |