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Side-by-side financial comparison of Baxter International (BAX) and BRUNSWICK CORP (BC). Click either name above to swap in a different company.
Baxter International is the larger business by last-quarter revenue ($2.7B vs $1.4B, roughly 2.0× BRUNSWICK CORP). BRUNSWICK CORP runs the higher net margin — 1.5% vs -0.6%, a 2.1% gap on every dollar of revenue. On growth, BRUNSWICK CORP posted the faster year-over-year revenue change (17.3% vs 3.0%). Baxter International produced more free cash flow last quarter ($76.0M vs $-116.8M). Over the past eight quarters, BRUNSWICK CORP's revenue compounded faster (-2.3% CAGR vs -15.8%).
Baxter International Inc. is an American multinational healthcare company with headquarters in Deerfield, Illinois.
Brunswick Corporation, formerly known as the Brunswick-Balke-Collender Company, is an American corporation that has been developing, manufacturing and marketing a wide variety of products since 1845. Brunswick has more than 13,000 employees in 24 countries. Brunswick owns a number of brands, including Mercury Marine. In 2024, Brunswick reported sales of US$5.2 billion. Brunswick's global headquarters is in the northern Chicago suburb of Mettawa, Illinois.
BAX vs BC — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.7B | $1.4B |
| Net Profit | $-15.0M | $21.0M |
| Gross Margin | 33.0% | 24.9% |
| Operating Margin | 2.4% | 3.6% |
| Net Margin | -0.6% | 1.5% |
| Revenue YoY | 3.0% | 17.3% |
| Net Profit YoY | — | — |
| EPS (diluted) | $-0.03 | $0.32 |
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.
| Q1 26 | $2.7B | $1.4B | ||
| Q4 25 | $3.0B | $1.3B | ||
| Q3 25 | $2.8B | $1.4B | ||
| Q2 25 | $2.8B | $1.4B | ||
| Q1 25 | $2.6B | $1.2B | ||
| Q4 24 | $533.0M | $1.2B | ||
| Q3 24 | $2.7B | $1.3B | ||
| Q2 24 | $3.8B | $1.4B |
| Q1 26 | $-15.0M | $21.0M | ||
| Q4 25 | $-1.1B | $18.7M | ||
| Q3 25 | $-46.0M | $-235.5M | ||
| Q2 25 | $91.0M | $59.3M | ||
| Q1 25 | $126.0M | $20.2M | ||
| Q4 24 | $-512.0M | $-82.5M | ||
| Q3 24 | $140.0M | $44.6M | ||
| Q2 24 | $-314.0M | $100.0M |
| Q1 26 | 33.0% | 24.9% | ||
| Q4 25 | 19.4% | 23.1% | ||
| Q3 25 | 33.5% | 25.8% | ||
| Q2 25 | 35.3% | 25.5% | ||
| Q1 25 | 32.8% | 24.9% | ||
| Q4 24 | 25.0% | 21.9% | ||
| Q3 24 | 38.3% | 26.2% | ||
| Q2 24 | 37.5% | 27.1% |
| Q1 26 | 2.4% | 3.6% | ||
| Q4 25 | -24.5% | 3.1% | ||
| Q3 25 | 6.1% | -17.8% | ||
| Q2 25 | 6.8% | 7.1% | ||
| Q1 25 | 2.2% | 4.6% | ||
| Q4 24 | -25.5% | -4.8% | ||
| Q3 24 | 5.7% | 7.7% | ||
| Q2 24 | -5.0% | 11.0% |
| Q1 26 | -0.6% | 1.5% | ||
| Q4 25 | -37.9% | 1.4% | ||
| Q3 25 | -1.6% | -17.3% | ||
| Q2 25 | 3.2% | 4.1% | ||
| Q1 25 | 4.8% | 1.7% | ||
| Q4 24 | -96.1% | -7.1% | ||
| Q3 24 | 5.2% | 3.5% | ||
| Q2 24 | -8.2% | 6.9% |
| Q1 26 | $-0.03 | $0.32 | ||
| Q4 25 | $-2.21 | $0.32 | ||
| Q3 25 | $-0.09 | $-3.59 | ||
| Q2 25 | $0.18 | $0.89 | ||
| Q1 25 | $0.25 | $0.30 | ||
| Q4 24 | $-0.99 | $-1.21 | ||
| Q3 24 | $0.27 | $0.67 | ||
| Q2 24 | $-0.62 | $1.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $277.8M |
| Total DebtLower is stronger | — | $490.2M |
| Stockholders' EquityBook value | — | $1.6B |
| Total Assets | — | $5.5B |
| Debt / EquityLower = less leverage | — | 0.31× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $277.8M | ||
| Q4 25 | $2.0B | $256.8M | ||
| Q3 25 | $1.7B | $297.7M | ||
| Q2 25 | $1.7B | $315.7M | ||
| Q1 25 | $2.3B | $286.7M | ||
| Q4 24 | $1.8B | $269.0M | ||
| Q3 24 | $1.4B | $284.1M | ||
| Q2 24 | $2.1B | $494.5M |
| Q1 26 | — | $490.2M | ||
| Q4 25 | $9.5B | $2.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $10.4B | $2.4B | ||
| Q3 24 | $10.4B | — | ||
| Q2 24 | $10.4B | — |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $6.1B | $1.6B | ||
| Q3 25 | $7.2B | $1.6B | ||
| Q2 25 | $7.3B | $1.9B | ||
| Q1 25 | $7.1B | $1.9B | ||
| Q4 24 | $7.0B | $1.9B | ||
| Q3 24 | $7.9B | $2.0B | ||
| Q2 24 | $7.6B | $2.0B |
| Q1 26 | — | $5.5B | ||
| Q4 25 | $20.1B | $5.3B | ||
| Q3 25 | $21.1B | $5.4B | ||
| Q2 25 | $21.0B | $5.8B | ||
| Q1 25 | $21.3B | $5.9B | ||
| Q4 24 | $25.8B | $5.7B | ||
| Q3 24 | $26.7B | $6.0B | ||
| Q2 24 | $26.3B | $6.4B |
| Q1 26 | — | 0.31× | ||
| Q4 25 | 1.55× | 1.30× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.49× | 1.25× | ||
| Q3 24 | 1.33× | — | ||
| Q2 24 | 1.37× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | — |
| Free Cash FlowOCF − Capex | $76.0M | $-116.8M |
| FCF MarginFCF / Revenue | 2.8% | -8.5% |
| Capex IntensityCapex / Revenue | 5.1% | 4.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $344.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $584.0M | $132.9M | ||
| Q3 25 | $237.0M | $140.4M | ||
| Q2 25 | $217.0M | $316.2M | ||
| Q1 25 | $-193.0M | $-27.4M | ||
| Q4 24 | $488.0M | $306.4M | ||
| Q3 24 | $253.0M | $67.4M | ||
| Q2 24 | $115.0M | $211.0M |
| Q1 26 | $76.0M | $-116.8M | ||
| Q4 25 | — | $83.6M | ||
| Q3 25 | — | $106.5M | ||
| Q2 25 | — | $271.3M | ||
| Q1 25 | — | $-65.1M | ||
| Q4 24 | — | $276.1M | ||
| Q3 24 | — | $31.4M | ||
| Q2 24 | — | $163.9M |
| Q1 26 | 2.8% | -8.5% | ||
| Q4 25 | — | 6.3% | ||
| Q3 25 | — | 7.8% | ||
| Q2 25 | — | 18.7% | ||
| Q1 25 | — | -5.3% | ||
| Q4 24 | — | 23.9% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 11.4% |
| Q1 26 | 5.1% | 4.2% | ||
| Q4 25 | — | 3.7% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | — | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.11× | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.38× | 5.33× | ||
| Q1 25 | -1.53× | -1.36× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.81× | 1.51× | ||
| Q2 24 | — | 2.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
