Stocks Comparison
Baxter International vs Medline: revenue, profit, margins and growth compared
Baxter International brought in $11.2B of revenue in fiscal 2025, Medline $28.4B in fiscal 2025. Baxter International kept -8.5% of its revenue as net profit, Medline 4.1%. Free cash flow was $332M at Baxter International and $1.3B at Medline.
Side by side, latest fiscal year
| BAX | MDLN | |
|---|---|---|
| Fiscal year ended | FY2025 (December 31, 2025) | FY2025 (December 31, 2025) |
| Revenue | $11.2B | $28.4B |
| Revenue growth | +5.7% | n/a |
| Net income | -$957M | $1.2B |
| Net margin | -8.5% | 4.1% |
| Free cash flow | $332M | $1.3B |
| Free cash flow margin | 3.0% | 4.6% |
| Earnings per share (diluted) | -$1.87 | -$0.01 |
| Cash | $2B | $1.9B |
| Debt | $9.4B | $12.6B |
| Price to earnings | n/a | n/a |
| Market value | $12.1B | $45.6B |
| Dividend yield | 2.23% | n/a |
| Rank by revenue in sector | #42 of 523 · Health care | #23 of 523 · Health care |
Over the years
BAX $11.2BMDLN $28.4B
BAX -$957MMDLN $1.2B
BAX -8.5%MDLN 4.1%
BAX +5.7%MDLN +9.8%
BAX $332MMDLN $1.3B
Questions about Baxter International and Medline
Which is bigger by revenue, Baxter International or Medline?
Medline is bigger by revenue: $28.4B in fiscal 2025, against $11.2B for Baxter International in fiscal 2025.
Which keeps more of its revenue as profit, Baxter International or Medline?
Baxter International had a net margin of -8.5% in fiscal 2025; Medline had 4.1% in fiscal 2025.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.