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Side-by-side financial comparison of Baxter International (BAX) and KB HOME (KBH). Click either name above to swap in a different company.
Baxter International is the larger business by last-quarter revenue ($2.7B vs $1.7B, roughly 1.6× KB HOME). KB HOME runs the higher net margin — 6.0% vs -0.6%, a 6.5% gap on every dollar of revenue. On growth, Baxter International posted the faster year-over-year revenue change (3.0% vs -15.3%). KB HOME produced more free cash flow last quarter ($290.1M vs $76.0M). Over the past eight quarters, KB HOME's revenue compounded faster (7.4% CAGR vs -15.8%).
Baxter International Inc. is an American multinational healthcare company with headquarters in Deerfield, Illinois.
KB Home is an American homebuilding company founded in 1957 as Kaufman & Broad in Detroit, Michigan. It was the first company to be traded on the New York Stock Exchange as a home builder. Its headquarters are in Los Angeles, California.
BAX vs KBH — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.7B | $1.7B |
| Net Profit | $-15.0M | $101.5M |
| Gross Margin | 33.0% | — |
| Operating Margin | 2.4% | — |
| Net Margin | -0.6% | 6.0% |
| Revenue YoY | 3.0% | -15.3% |
| Net Profit YoY | — | -46.7% |
| EPS (diluted) | $-0.03 | $1.55 |
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 | $1.7B | ||
| Q3 25 | $2.8B | $1.6B | ||
| Q2 25 | $2.8B | $1.5B | ||
| Q1 25 | $2.6B | $1.4B | ||
| Q4 24 | $533.0M | $2.0B | ||
| Q3 24 | $2.7B | $1.8B | ||
| Q2 24 | $3.8B | $1.7B |
| Q1 26 | $-15.0M | — | ||
| Q4 25 | $-1.1B | $101.5M | ||
| Q3 25 | $-46.0M | $109.8M | ||
| Q2 25 | $91.0M | $107.9M | ||
| Q1 25 | $126.0M | $109.6M | ||
| Q4 24 | $-512.0M | $190.6M | ||
| Q3 24 | $140.0M | $157.3M | ||
| Q2 24 | $-314.0M | $168.4M |
| 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% | — | ||
| Q3 25 | 6.1% | — | ||
| Q2 25 | 6.8% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | -25.5% | — | ||
| Q3 24 | 5.7% | — | ||
| Q2 24 | -5.0% | — |
| Q1 26 | -0.6% | — | ||
| Q4 25 | -37.9% | 6.0% | ||
| Q3 25 | -1.6% | 6.8% | ||
| Q2 25 | 3.2% | 7.1% | ||
| Q1 25 | 4.8% | 7.9% | ||
| Q4 24 | -96.1% | 9.5% | ||
| Q3 24 | 5.2% | 9.0% | ||
| Q2 24 | -8.2% | 9.9% |
| Q1 26 | $-0.03 | — | ||
| Q4 25 | $-2.21 | $1.55 | ||
| Q3 25 | $-0.09 | $1.61 | ||
| Q2 25 | $0.18 | $1.50 | ||
| Q1 25 | $0.25 | $1.49 | ||
| Q4 24 | $-0.99 | $2.50 | ||
| Q3 24 | $0.27 | $2.04 | ||
| Q2 24 | $-0.62 | $2.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $3.9B |
| Total Assets | — | $6.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.0B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $2.1B | — |
| Q1 26 | — | — | ||
| Q4 25 | $9.5B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $10.4B | — | ||
| Q3 24 | $10.4B | — | ||
| Q2 24 | $10.4B | — |
| Q1 26 | — | — | ||
| Q4 25 | $6.1B | $3.9B | ||
| Q3 25 | $7.2B | $3.9B | ||
| Q2 25 | $7.3B | $4.0B | ||
| Q1 25 | $7.1B | $4.1B | ||
| Q4 24 | $7.0B | $4.1B | ||
| Q3 24 | $7.9B | $4.0B | ||
| Q2 24 | $7.6B | $4.0B |
| Q1 26 | — | — | ||
| Q4 25 | $20.1B | $6.7B | ||
| Q3 25 | $21.1B | $7.0B | ||
| Q2 25 | $21.0B | $7.0B | ||
| Q1 25 | $21.3B | $7.0B | ||
| Q4 24 | $25.8B | $6.9B | ||
| Q3 24 | $26.7B | $6.8B | ||
| Q2 24 | $26.3B | $6.8B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $303.8M |
| Free Cash FlowOCF − Capex | $76.0M | $290.1M |
| FCF MarginFCF / Revenue | 2.8% | 17.1% |
| Capex IntensityCapex / Revenue | 5.1% | 0.8% |
| Cash ConversionOCF / Net Profit | — | 2.99× |
| TTM Free Cash FlowTrailing 4 quarters | — | $287.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $584.0M | $303.8M | ||
| Q3 25 | $237.0M | $197.7M | ||
| Q2 25 | $217.0M | $168.4M | ||
| Q1 25 | $-193.0M | $-334.3M | ||
| Q4 24 | $488.0M | $362.6M | ||
| Q3 24 | $253.0M | $-89.9M | ||
| Q2 24 | $115.0M | $61.5M |
| Q1 26 | $76.0M | — | ||
| Q4 25 | — | $290.1M | ||
| Q3 25 | — | $185.8M | ||
| Q2 25 | — | $156.9M | ||
| Q1 25 | — | $-345.5M | ||
| Q4 24 | — | $352.6M | ||
| Q3 24 | — | $-99.4M | ||
| Q2 24 | — | $51.2M |
| Q1 26 | 2.8% | — | ||
| Q4 25 | — | 17.1% | ||
| Q3 25 | — | 11.5% | ||
| Q2 25 | — | 10.3% | ||
| Q1 25 | — | -24.8% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | — | -5.7% | ||
| Q2 24 | — | 3.0% |
| Q1 26 | 5.1% | — | ||
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.99× | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | 2.38× | 1.56× | ||
| Q1 25 | -1.53× | -3.05× | ||
| Q4 24 | — | 1.90× | ||
| Q3 24 | 1.81× | -0.57× | ||
| Q2 24 | — | 0.37× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAX
Segment breakdown not available.
KBH
| Home Building | $1.7B | 99% |
| Financial Service | $8.7M | 1% |
