FUNDAMENTAL ANALYSIS
BAX
Baxter International
FUNDAMENTAL RATING
FUNDAMENTAL SCORE
55 / 100
Summary
Baxter International shows a material revenue reversal: three-year revenue CAGR is -9.39% yet latest annual revenue rose 5.7%, indicating a recovery from prior declines. The most recent quarter reported $126M in net income and the quarter-over-quarter direction for net income is improving, while the latest annual net income comparison is NM because the loss deepened year over year. Assets cover liabilities 1.44 times, an adequate balance-sheet cushion, and the Altman Z-score is 2.26, which sits in the grey zone between the distress threshold of 1.81 and the safe threshold of 2.99. The Piotroski F-Score of 5 on a 0 to 9 quality scale is a mixed earnings-quality reading. Reporting history is limited, so this is a provisional read rather than a settled trend. The next earnings report must show continued quarterly net income improvement and a narrowing of the annual net loss to validate the recovery.
Revenue — Annual Comparison
Net Income — Annual Comparison
Quarterly Detail Charts
Quarterly Revenue
Quarterly Net Income
Piotroski F-Score Breakdown
5/9 · Neutral
Profitability — Net income positive this fiscal year
Fail
Return on Assets — Return on Assets improved year-over-year
Fail
Cash flow positive — Cash from operations positive this fiscal year
Pass
Earnings quality — Cash from operations exceeds net income
Pass
Leverage down — Long-term debt / total assets improved
Pass
Liquidity up — Current ratio improved year-over-year
Pass
No share dilution — Share count did not increase year-over-year
Fail
Margin up — Gross margin expanded year-over-year
Fail
Asset efficiency — Asset turnover improved year-over-year
Pass
Data Source
This dashboard applies a modified 9-signal Piotroski F-Score (Piotroski, 2000) and Altman Z-Score models. Fundamental filing data is sourced from the SEC's EDGAR XBRL database (primary), with API Ninjas as backup for freshly-filed 10-Ks not yet in SEC. Live price, market cap, and EPS display use Tiingo end-of-day data. This page is informational analysis, not investment advice. See Financial Disclaimer.
Recent Filings
Formula & Methodology
Trend inputAnnual revenue and net income year-over-year direction contributes 20% of the score.
Piotroski inputModified 9-test Piotroski F-Score (Quality) contributes 40% of the score.
Altman inputAltman Z-Score (Distress) contributes 40% of the score.
Rating ruleFormula: Trend (20%) + Piotroski F-Score (40%) + Altman Z-Score (40%). Trend blends annual revenue and net income year-over-year direction. Piotroski is the modified 9-test variant (7 classic + 2 cash-flow tests). Altman uses the 1968 Z-Score with Safe/Grey/Distress zones. Combined blend uses ±0.45 thresholds: Bullish at +0.45 or higher, Bearish at -0.45 or lower, Neutral in between. Missing sub-signals count as Neutral (0) and weights are not re-normalized — a company with fewer available signals must earn its rating from stronger reads on the remaining pillars.