Baxter International Inc (BAX) — Free Cash Flow Generation Index
Baxter International Inc (BAX) has a Free Cash Flow Generation Index of 0.76x as of December 2025. Free cash flow of $444.00 Million represents 1% of operating cash flow ($584.00 Million). See working capital position of Baxter International Inc to evaluate short-term liquidity relative to the company's equity base.
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. Explore BAX debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Baxter International Inc (1985–2025)
Year-by-year Free Cash Flow Generation Index for Baxter International Inc. For the full company profile including market capitalisation, see BAX stock market capitalisation.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | -0.61x | $-513.00 Million | $845.00 Million | $513.00 Million | ▼ -210.7% |
| 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 | — |