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Side-by-side financial comparison of Baxter International (BAX) and Brookfield Wealth Solutions Ltd. (BNT). Click either name above to swap in a different company.

Brookfield Wealth Solutions Ltd. is the larger business by last-quarter revenue ($3.0B vs $2.7B, roughly 1.1× Baxter International). Brookfield Wealth Solutions Ltd. runs the higher net margin — 17.0% vs -0.6%, a 17.5% gap on every dollar of revenue. On growth, Brookfield Wealth Solutions Ltd. posted the faster year-over-year revenue change (4.7% vs 3.0%).

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

Brookfield Corporation is a Canadian multinational company that is one of the world's largest alternative investment management companies. It has over US$1 trillion of assets under management, much of which is workers’ deferred income from global public pension funds. It focuses on direct control investments in real estate, renewable power, infrastructure, credit and private equity. The company invests in distressed securities through Oaktree Capital, which it bought in 2019. Brookfield Corp...

BAX vs BNT — Head-to-Head

Bigger by revenue
BNT
BNT
1.1× larger
BNT
$3.0B
$2.7B
BAX
Growing faster (revenue YoY)
BNT
BNT
+1.7% gap
BNT
4.7%
3.0%
BAX
Higher net margin
BNT
BNT
17.5% more per $
BNT
17.0%
-0.6%
BAX

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
BAX
BAX
BNT
BNT
Revenue
$2.7B
$3.0B
Net Profit
$-15.0M
$516.0M
Gross Margin
33.0%
Operating Margin
2.4%
20.0%
Net Margin
-0.6%
17.0%
Revenue YoY
3.0%
4.7%
Net Profit YoY
91.8%
EPS (diluted)
$-0.03

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
BAX
BAX
BNT
BNT
Q1 26
$2.7B
Q4 25
$3.0B
Q3 25
$2.8B
Q2 25
$2.8B
$3.0B
Q1 25
$2.6B
Q4 24
$533.0M
Q3 24
$2.7B
Q2 24
$3.8B
$2.9B
Net Profit
BAX
BAX
BNT
BNT
Q1 26
$-15.0M
Q4 25
$-1.1B
Q3 25
$-46.0M
Q2 25
$91.0M
$516.0M
Q1 25
$126.0M
Q4 24
$-512.0M
Q3 24
$140.0M
Q2 24
$-314.0M
$269.0M
Gross Margin
BAX
BAX
BNT
BNT
Q1 26
33.0%
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%
Operating Margin
BAX
BAX
BNT
BNT
Q1 26
2.4%
Q4 25
-24.5%
Q3 25
6.1%
Q2 25
6.8%
20.0%
Q1 25
2.2%
Q4 24
-25.5%
Q3 24
5.7%
Q2 24
-5.0%
-1.0%
Net Margin
BAX
BAX
BNT
BNT
Q1 26
-0.6%
Q4 25
-37.9%
Q3 25
-1.6%
Q2 25
3.2%
17.0%
Q1 25
4.8%
Q4 24
-96.1%
Q3 24
5.2%
Q2 24
-8.2%
9.3%
EPS (diluted)
BAX
BAX
BNT
BNT
Q1 26
$-0.03
Q4 25
$-2.21
Q3 25
$-0.09
Q2 25
$0.18
Q1 25
$0.25
Q4 24
$-0.99
Q3 24
$0.27
Q2 24
$-0.62

Balance Sheet & Financial Strength

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

Metric
BAX
BAX
BNT
BNT
Cash + ST InvestmentsLiquidity on hand
$17.5B
Total DebtLower is stronger
Stockholders' EquityBook value
$15.8B
Total Assets
$148.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAX
BAX
BNT
BNT
Q1 26
Q4 25
$2.0B
Q3 25
$1.7B
Q2 25
$1.7B
$17.5B
Q1 25
$2.3B
Q4 24
$1.8B
Q3 24
$1.4B
Q2 24
$2.1B
$17.2B
Total Debt
BAX
BAX
BNT
BNT
Q1 26
Q4 25
$9.5B
Q3 25
Q2 25
Q1 25
Q4 24
$10.4B
Q3 24
$10.4B
Q2 24
$10.4B
Stockholders' Equity
BAX
BAX
BNT
BNT
Q1 26
Q4 25
$6.1B
Q3 25
$7.2B
Q2 25
$7.3B
$15.8B
Q1 25
$7.1B
Q4 24
$7.0B
Q3 24
$7.9B
Q2 24
$7.6B
$9.0B
Total Assets
BAX
BAX
BNT
BNT
Q1 26
Q4 25
$20.1B
Q3 25
$21.1B
Q2 25
$21.0B
$148.9B
Q1 25
$21.3B
Q4 24
$25.8B
Q3 24
$26.7B
Q2 24
$26.3B
$130.5B
Debt / Equity
BAX
BAX
BNT
BNT
Q1 26
Q4 25
1.55×
Q3 25
Q2 25
Q1 25
Q4 24
1.49×
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
BAX
BAX
BNT
BNT
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$76.0M
FCF MarginFCF / Revenue
2.8%
Capex IntensityCapex / Revenue
5.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAX
BAX
BNT
BNT
Q1 26
Q4 25
$584.0M
Q3 25
$237.0M
Q2 25
$217.0M
Q1 25
$-193.0M
Q4 24
$488.0M
Q3 24
$253.0M
Q2 24
$115.0M
Free Cash Flow
BAX
BAX
BNT
BNT
Q1 26
$76.0M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
BAX
BAX
BNT
BNT
Q1 26
2.8%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
BAX
BAX
BNT
BNT
Q1 26
5.1%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
BAX
BAX
BNT
BNT
Q1 26
Q4 25
Q3 25
Q2 25
2.38×
Q1 25
-1.53×
Q4 24
Q3 24
1.81×
Q2 24

Financial Flow Comparison

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

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