Baxter International Inc (BAX) — Free Cash Flow Generation Index
Baxter International Inc (BAX) has a Free Cash Flow Generation Index of 0.11x as of June 2026. Free cash flow of $32.00 Million represents 0% of operating cash flow ($285.00 Million). Explore BAX capital expenditure intensity to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Baxter International Inc Free Cash Flow Generation Index (1985–2025)
Historical FCF Generation Index trend for Baxter International Inc across 38 annual periods. For the full cash flow conversion analysis, see BAX cash flow metrics.
Annual Free Cash Flow Generation for Baxter International Inc (1985–2025)
Year-by-year Free Cash Flow Generation Index for Baxter International Inc. Check total reinvestment intensity of Baxter International Inc to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.38x | $323.00 Million | $845.00 Million | $522.00 Million | ▼ -30.3% |
| 2024 | 0.55x | $559.00 Million | $1.02 Billion | $460.00 Million | ▼ -26.6% |
| 2023 | 0.75x | $1.29 Billion | $1.73 Billion | $436.00 Million | ▲ +70.1% |
| 2022 | 0.44x | $532.00 Million | $1.21 Billion | $679.00 Million | ▼ -34.0% |
| 2021 | 0.67x | $1.48 Billion | $2.22 Billion | $743.00 Million | ▲ +7.3% |
| 2020 | 0.62x | $1.16 Billion | $1.87 Billion | $709.00 Million | ▼ -7.3% |
| 2019 | 0.67x | $1.41 Billion | $2.10 Billion | $696.00 Million | ▼ -0.6% |
| 2018 | 0.67x | $1.36 Billion | $2.02 Billion | $659.00 Million | ▲ +5.1% |
| 2017 | 0.64x | $1.10 Billion | $1.71 Billion | $616.00 Million | ▲ +13.3% |
| 2016 | 0.57x | $935.00 Million | $1.65 Billion | $719.00 Million | ▲ +16.4% |
| 2015 | 0.49x | $860.00 Million | $1.77 Billion | $911.00 Million | ▼ -31.8% |
| 2014 | 0.71x | $2.29 Billion | $3.21 Billion | $925.00 Million | ▼ -8.6% |
| 2013 | 0.78x | $2.49 Billion | $3.20 Billion | $706.00 Million | ▲ +24.4% |
| 2012 | 0.63x | $1.95 Billion | $3.11 Billion | $1.16 Billion | ▼ -5.0% |
| 2011 | 0.66x | $1.86 Billion | $2.82 Billion | $960.00 Million | ▼ -3.0% |
| 2010 | 0.68x | $2.04 Billion | $3.00 Billion | $963.00 Million | ▲ +4.3% |
| 2009 | 0.65x | $1.90 Billion | $2.91 Billion | $1.01 Billion | ▲ +5.0% |
| 2008 | 0.62x | $1.56 Billion | $2.52 Billion | $954.00 Million | ▼ -11.3% |
| 2007 | 0.70x | $1.61 Billion | $2.31 Billion | $692.00 Million | ▼ -7.8% |
| 2006 | 0.76x | $1.66 Billion | $2.18 Billion | $526.00 Million | ▲ +6.4% |
| 2005 | 0.71x | $1.11 Billion | $1.55 Billion | $444.00 Million | ▲ +19.8% |
| 2004 | 0.60x | $822.00 Million | $1.38 Billion | $558.00 Million | ▲ +33.5% |
| 2003 | 0.45x | $636.00 Million | $1.43 Billion | $789.00 Million | ▲ +54.3% |
| 2002 | 0.29x | $345.00 Million | $1.19 Billion | $848.00 Million | ▼ -4.0% |
| 2001 | 0.30x | $327.00 Million | $1.09 Billion | $759.00 Million | ▼ -27.9% |
| 2000 | 0.42x | $491.00 Million | $1.18 Billion | $685.00 Million | ▲ +0.0% |
| 1999 | 0.42x | $452.00 Million | $1.08 Billion | $631.00 Million | ▲ +2.3% |
| 1998 | 0.41x | $383.00 Million | $939.00 Million | $556.00 Million | ▲ +118.8% |
| 1997 | 0.19x | $104.00 Million | $558.00 Million | $454.00 Million | ▼ -62.6% |
| 1996 | 0.50x | $395.00 Million | $793.00 Million | $398.00 Million | ▼ -29.0% |
| 1995 | 0.70x | $937.00 Million | $1.34 Billion | $399.00 Million | ▲ +13.4% |
| 1994 | 0.62x | $814.00 Million | $1.32 Billion | $502.00 Million | ▲ +90.0% |
| 1993 | 0.33x | $249.00 Million | $765.00 Million | $516.00 Million | ▲ +9.9% |
| 1992 | 0.30x | $226.00 Million | $763.00 Million | $537.00 Million | ▼ -3.9% |
| 1991 | 0.31x | $237.00 Million | $769.00 Million | $532.00 Million | ▼ -42.8% |
| 1990 | 0.54x | $429.00 Million | $796.00 Million | $367.00 Million | ▲ +16.1% |
| 1989 | 0.46x | $287.00 Million | $618.00 Million | $331.00 Million | ▼ -53.6% |
| 1985 | 1.00x | $463.00 Million | $463.00 Million | $0.00 | — |