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Side-by-side financial comparison of Baxter International (BAX) and Edison International (EIX). Click either name above to swap in a different company.
Edison International is the larger business by last-quarter revenue ($5.2B vs $2.7B, roughly 1.9× Baxter International). Edison International runs the higher net margin — 35.4% vs -0.6%, a 36.0% gap on every dollar of revenue. On growth, Edison International posted the faster year-over-year revenue change (30.8% vs 3.0%). Baxter International produced more free cash flow last quarter ($76.0M vs $-319.0M). Over the past eight quarters, Edison International's revenue compounded faster (13.1% CAGR vs -15.8%).
Baxter International Inc. is an American multinational healthcare company with headquarters in Deerfield, Illinois.
Edison International is a public utility holding company based in Rosemead, California. Its subsidiaries include Southern California Edison, and unregulated non-utility business assets Edison Energy. Edison's roots trace back to Holt & Knupps, a company founded in 1886 as a provider of street lights in Visalia, California.
BAX vs EIX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.7B | $5.2B |
| Net Profit | $-15.0M | $1.8B |
| Gross Margin | 33.0% | — |
| Operating Margin | 2.4% | 52.8% |
| Net Margin | -0.6% | 35.4% |
| Revenue YoY | 3.0% | 30.8% |
| Net Profit YoY | — | 443.5% |
| EPS (diluted) | $0.36 | $4.78 |
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 | — | ||
| Q4 25 | $3.0B | $5.2B | ||
| Q3 25 | $2.8B | $5.8B | ||
| Q2 25 | $2.8B | $4.5B | ||
| Q1 25 | $2.6B | $3.8B | ||
| Q4 24 | $533.0M | $4.0B | ||
| Q3 24 | $2.7B | $5.2B | ||
| Q2 24 | $3.8B | $4.3B |
| Q1 26 | $-15.0M | — | ||
| Q4 25 | $-1.1B | $1.8B | ||
| Q3 25 | $-46.0M | $832.0M | ||
| Q2 25 | $91.0M | $343.0M | ||
| Q1 25 | $126.0M | $1.4B | ||
| Q4 24 | $-512.0M | $340.0M | ||
| Q3 24 | $140.0M | $516.0M | ||
| Q2 24 | $-314.0M | $439.0M |
| 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% | — |
| Q1 26 | 2.4% | — | ||
| Q4 25 | -24.5% | 52.8% | ||
| Q3 25 | 6.1% | 24.9% | ||
| Q2 25 | 6.8% | 17.1% | ||
| Q1 25 | 2.2% | 56.0% | ||
| Q4 24 | -25.5% | 19.8% | ||
| Q3 24 | 5.7% | 19.1% | ||
| Q2 24 | -5.0% | 20.8% |
| Q1 26 | -0.6% | — | ||
| Q4 25 | -37.9% | 35.4% | ||
| Q3 25 | -1.6% | 14.5% | ||
| Q2 25 | 3.2% | 7.6% | ||
| Q1 25 | 4.8% | 37.7% | ||
| Q4 24 | -96.1% | 8.5% | ||
| Q3 24 | 5.2% | 9.9% | ||
| Q2 24 | -8.2% | 10.1% |
| Q1 26 | $0.36 | — | ||
| Q4 25 | $-2.21 | $4.78 | ||
| Q3 25 | $-0.09 | $2.16 | ||
| Q2 25 | $0.18 | $0.89 | ||
| Q1 25 | $0.25 | $3.72 | ||
| Q4 24 | $-0.99 | $0.89 | ||
| Q3 24 | $0.27 | $1.32 | ||
| Q2 24 | $-0.62 | $1.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $158.0M |
| Total DebtLower is stronger | — | $38.0B |
| Stockholders' EquityBook value | — | $17.6B |
| Total Assets | — | $94.0B |
| Debt / EquityLower = less leverage | — | 2.16× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.0B | $158.0M | ||
| Q3 25 | $1.7B | $364.0M | ||
| Q2 25 | $1.7B | $140.0M | ||
| Q1 25 | $2.3B | $1.3B | ||
| Q4 24 | $1.8B | $193.0M | ||
| Q3 24 | $1.4B | $200.0M | ||
| Q2 24 | $2.1B | $465.0M |
| Q1 26 | — | — | ||
| Q4 25 | $9.5B | $38.0B | ||
| Q3 25 | — | $36.4B | ||
| Q2 25 | — | $37.7B | ||
| Q1 25 | — | $38.4B | ||
| Q4 24 | $10.4B | $35.6B | ||
| Q3 24 | $10.4B | $34.9B | ||
| Q2 24 | $10.4B | $34.8B |
| Q1 26 | — | — | ||
| Q4 25 | $6.1B | $17.6B | ||
| Q3 25 | $7.2B | $17.2B | ||
| Q2 25 | $7.3B | $16.7B | ||
| Q1 25 | $7.1B | $16.6B | ||
| Q4 24 | $7.0B | $15.6B | ||
| Q3 24 | $7.9B | $15.7B | ||
| Q2 24 | $7.6B | $15.4B |
| Q1 26 | — | — | ||
| Q4 25 | $20.1B | $94.0B | ||
| Q3 25 | $21.1B | $90.5B | ||
| Q2 25 | $21.0B | $88.8B | ||
| Q1 25 | $21.3B | $88.4B | ||
| Q4 24 | $25.8B | $85.6B | ||
| Q3 24 | $26.7B | $84.7B | ||
| Q2 24 | $26.3B | $84.8B |
| Q1 26 | — | — | ||
| Q4 25 | 1.55× | 2.16× | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | — | 2.26× | ||
| Q1 25 | — | 2.31× | ||
| Q4 24 | 1.49× | 2.29× | ||
| Q3 24 | 1.33× | 2.23× | ||
| Q2 24 | 1.37× | 2.26× |
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 | — | $1.6B |
| Free Cash FlowOCF − Capex | $76.0M | $-319.0M |
| FCF MarginFCF / Revenue | 2.8% | -6.1% |
| Capex IntensityCapex / Revenue | 5.1% | 36.3% |
| Cash ConversionOCF / Net Profit | — | 0.85× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-715.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $584.0M | $1.6B | ||
| Q3 25 | $237.0M | $2.1B | ||
| Q2 25 | $217.0M | $882.0M | ||
| Q1 25 | $-193.0M | $1.2B | ||
| Q4 24 | $488.0M | $1.2B | ||
| Q3 24 | $253.0M | $2.5B | ||
| Q2 24 | $115.0M | $329.0M |
| Q1 26 | $76.0M | — | ||
| Q4 25 | — | $-319.0M | ||
| Q3 25 | — | $618.0M | ||
| Q2 25 | — | $-830.0M | ||
| Q1 25 | — | $-184.0M | ||
| Q4 24 | — | $-326.0M | ||
| Q3 24 | — | $961.0M | ||
| Q2 24 | — | $-1.1B |
| Q1 26 | 2.8% | — | ||
| Q4 25 | — | -6.1% | ||
| Q3 25 | — | 10.7% | ||
| Q2 25 | — | -18.3% | ||
| Q1 25 | — | -4.8% | ||
| Q4 24 | — | -8.2% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | -25.2% |
| Q1 26 | 5.1% | — | ||
| Q4 25 | — | 36.3% | ||
| Q3 25 | — | 26.2% | ||
| Q2 25 | — | 37.7% | ||
| Q1 25 | — | 36.9% | ||
| Q4 24 | — | 37.6% | ||
| Q3 24 | — | 29.1% | ||
| Q2 24 | — | 32.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.85× | ||
| Q3 25 | — | 2.55× | ||
| Q2 25 | 2.38× | 2.57× | ||
| Q1 25 | -1.53× | 0.85× | ||
| Q4 24 | — | 3.44× | ||
| Q3 24 | 1.81× | 4.79× | ||
| Q2 24 | — | 0.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAX
Segment breakdown not available.
EIX
| Commercial | $2.2B | 43% |
| Residential | $1.2B | 23% |
| Other | $966.0M | 19% |
| Other Operating Revenue | $802.0M | 15% |
