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Side-by-side financial comparison of ABEONA THERAPEUTICS INC. (ABEO) and Baxter International (BAX). Click either name above to swap in a different company.

Abeona Therapeutics Inc. is a clinical-stage biopharmaceutical company specializing in the research and development of novel gene and cell therapies for life-threatening rare genetic diseases. Its pipeline addresses unmet medical needs, serving patient populations across North America and European markets with limited treatment alternatives.

Baxter International Inc. is an American multinational healthcare company with headquarters in Deerfield, Illinois.

ABEO vs BAX — Head-to-Head

Bigger by revenue
BAX
BAX
Infinity× larger
BAX
$3.0B
$0
ABEO

Income Statement — Q3 2025 vs Q4 2025

Metric
ABEO
ABEO
BAX
BAX
Revenue
$0
$3.0B
Net Profit
$-5.2M
$-1.1B
Gross Margin
19.4%
Operating Margin
-24.5%
Net Margin
-37.9%
Revenue YoY
458.0%
Net Profit YoY
82.9%
-120.3%
EPS (diluted)
$-0.10
$-2.21

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ABEO
ABEO
BAX
BAX
Q4 25
$3.0B
Q3 25
$0
$2.8B
Q2 25
$400.0K
$2.8B
Q1 25
$2.6B
Q4 24
$533.0M
Q3 24
$2.7B
Q2 24
$3.8B
Q1 24
$3.6B
Net Profit
ABEO
ABEO
BAX
BAX
Q4 25
$-1.1B
Q3 25
$-5.2M
$-46.0M
Q2 25
$108.8M
$91.0M
Q1 25
$126.0M
Q4 24
$-512.0M
Q3 24
$140.0M
Q2 24
$-314.0M
Q1 24
$37.0M
Gross Margin
ABEO
ABEO
BAX
BAX
Q4 25
19.4%
Q3 25
33.5%
Q2 25
35.3%
Q1 25
32.8%
Q4 24
25.0%
Q3 24
38.3%
Q2 24
37.5%
Q1 24
38.6%
Operating Margin
ABEO
ABEO
BAX
BAX
Q4 25
-24.5%
Q3 25
6.1%
Q2 25
-5698.0%
6.8%
Q1 25
2.2%
Q4 24
-25.5%
Q3 24
5.7%
Q2 24
-5.0%
Q1 24
5.2%
Net Margin
ABEO
ABEO
BAX
BAX
Q4 25
-37.9%
Q3 25
-1.6%
Q2 25
27208.3%
3.2%
Q1 25
4.8%
Q4 24
-96.1%
Q3 24
5.2%
Q2 24
-8.2%
Q1 24
1.0%
EPS (diluted)
ABEO
ABEO
BAX
BAX
Q4 25
$-2.21
Q3 25
$-0.10
$-0.09
Q2 25
$1.71
$0.18
Q1 25
$0.25
Q4 24
$-0.99
Q3 24
$0.27
Q2 24
$-0.62
Q1 24
$0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ABEO
ABEO
BAX
BAX
Cash + ST InvestmentsLiquidity on hand
$207.1M
$2.0B
Total DebtLower is stronger
$19.8M
$9.5B
Stockholders' EquityBook value
$171.2M
$6.1B
Total Assets
$231.1M
$20.1B
Debt / EquityLower = less leverage
0.12×
1.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABEO
ABEO
BAX
BAX
Q4 25
$2.0B
Q3 25
$207.1M
$1.7B
Q2 25
$225.5M
$1.7B
Q1 25
$2.3B
Q4 24
$1.8B
Q3 24
$1.4B
Q2 24
$2.1B
Q1 24
$3.0B
Total Debt
ABEO
ABEO
BAX
BAX
Q4 25
$9.5B
Q3 25
$19.8M
Q2 25
$19.6M
Q1 25
Q4 24
$10.4B
Q3 24
$10.4B
Q2 24
$10.4B
Q1 24
$11.1B
Stockholders' Equity
ABEO
ABEO
BAX
BAX
Q4 25
$6.1B
Q3 25
$171.2M
$7.2B
Q2 25
$163.6M
$7.3B
Q1 25
$7.1B
Q4 24
$7.0B
Q3 24
$7.9B
Q2 24
$7.6B
Q1 24
$8.2B
Total Assets
ABEO
ABEO
BAX
BAX
Q4 25
$20.1B
Q3 25
$231.1M
$21.1B
Q2 25
$246.2M
$21.0B
Q1 25
$21.3B
Q4 24
$25.8B
Q3 24
$26.7B
Q2 24
$26.3B
Q1 24
$27.8B
Debt / Equity
ABEO
ABEO
BAX
BAX
Q4 25
1.55×
Q3 25
0.12×
Q2 25
0.12×
Q1 25
Q4 24
1.49×
Q3 24
1.33×
Q2 24
1.37×
Q1 24
1.36×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ABEO
ABEO
BAX
BAX
Operating Cash FlowLast quarter
$-21.2M
$584.0M
Free Cash FlowOCF − Capex
$-23.7M
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABEO
ABEO
BAX
BAX
Q4 25
$584.0M
Q3 25
$-21.2M
$237.0M
Q2 25
$-18.8M
$217.0M
Q1 25
$-193.0M
Q4 24
$488.0M
Q3 24
$253.0M
Q2 24
$115.0M
Q1 24
$163.0M
Free Cash Flow
ABEO
ABEO
BAX
BAX
Q4 25
Q3 25
$-23.7M
Q2 25
$-21.7M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
ABEO
ABEO
BAX
BAX
Q4 25
Q3 25
Q2 25
-5421.3%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
ABEO
ABEO
BAX
BAX
Q4 25
Q3 25
Q2 25
725.3%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
ABEO
ABEO
BAX
BAX
Q4 25
Q3 25
Q2 25
-0.17×
2.38×
Q1 25
-1.53×
Q4 24
Q3 24
1.81×
Q2 24
Q1 24
4.41×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ABEO
ABEO

Segment breakdown not available.

BAX
BAX

Other$1.5B51%
Infusion Therapies And Technologies$543.0M18%
Pharmaceutical Compounding$316.0M11%
Front Line Care$219.0M7%
Injectables And Anesthesia$190.0M6%
Advanced Surgery$177.0M6%

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