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

SONIC AUTOMOTIVE INC is the larger business by last-quarter revenue ($3.7B vs $2.7B, roughly 1.4× Baxter International). SONIC AUTOMOTIVE INC runs the higher net margin — 1.6% vs -0.6%, a 2.2% gap on every dollar of revenue. On growth, Baxter International posted the faster year-over-year revenue change (3.0% vs 1.0%). Over the past eight quarters, SONIC AUTOMOTIVE INC's revenue compounded faster (3.4% CAGR vs -15.8%).

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

Sonic Automotive is a Fortune 500 company based in Charlotte, North Carolina, and is the fifth largest automotive retailer in the United States as measured by total revenues. The company was founded by O Bruton Smith and completed its initial public offering on the NYSE in 1997.

BAX vs SAH — Head-to-Head

Bigger by revenue
SAH
SAH
1.4× larger
SAH
$3.7B
$2.7B
BAX
Growing faster (revenue YoY)
BAX
BAX
+2.0% gap
BAX
3.0%
1.0%
SAH
Higher net margin
SAH
SAH
2.2% more per $
SAH
1.6%
-0.6%
BAX
Faster 2-yr revenue CAGR
SAH
SAH
Annualised
SAH
3.4%
-15.8%
BAX

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
BAX
BAX
SAH
SAH
Revenue
$2.7B
$3.7B
Net Profit
$-15.0M
$60.8M
Gross Margin
33.0%
16.2%
Operating Margin
2.4%
3.1%
Net Margin
-0.6%
1.6%
Revenue YoY
3.0%
1.0%
Net Profit YoY
EPS (diluted)
$0.36
$1.79

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
SAH
SAH
Q1 26
$2.7B
$3.7B
Q4 25
$3.0B
$3.9B
Q3 25
$2.8B
$4.0B
Q2 25
$2.8B
$3.7B
Q1 25
$2.6B
$3.7B
Q4 24
$533.0M
$3.9B
Q3 24
$2.7B
$3.5B
Q2 24
$3.8B
$3.5B
Net Profit
BAX
BAX
SAH
SAH
Q1 26
$-15.0M
$60.8M
Q4 25
$-1.1B
$46.9M
Q3 25
$-46.0M
$46.8M
Q2 25
$91.0M
$-45.6M
Q1 25
$126.0M
$70.6M
Q4 24
$-512.0M
$58.6M
Q3 24
$140.0M
$74.2M
Q2 24
$-314.0M
$41.2M
Gross Margin
BAX
BAX
SAH
SAH
Q1 26
33.0%
16.2%
Q4 25
19.4%
15.5%
Q3 25
33.5%
15.5%
Q2 25
35.3%
16.5%
Q1 25
32.8%
15.5%
Q4 24
25.0%
14.7%
Q3 24
38.3%
15.6%
Q2 24
37.5%
15.6%
Operating Margin
BAX
BAX
SAH
SAH
Q1 26
2.4%
3.1%
Q4 25
-24.5%
3.2%
Q3 25
6.1%
3.1%
Q2 25
6.8%
-0.6%
Q1 25
2.2%
4.0%
Q4 24
-25.5%
3.4%
Q3 24
5.7%
3.3%
Q2 24
-5.0%
3.1%
Net Margin
BAX
BAX
SAH
SAH
Q1 26
-0.6%
1.6%
Q4 25
-37.9%
1.2%
Q3 25
-1.6%
1.2%
Q2 25
3.2%
-1.2%
Q1 25
4.8%
1.9%
Q4 24
-96.1%
1.5%
Q3 24
5.2%
2.1%
Q2 24
-8.2%
1.2%
EPS (diluted)
BAX
BAX
SAH
SAH
Q1 26
$0.36
$1.79
Q4 25
$-2.21
$1.39
Q3 25
$-0.09
$1.33
Q2 25
$0.18
$-1.34
Q1 25
$0.25
$2.04
Q4 24
$-0.99
$1.67
Q3 24
$0.27
$2.13
Q2 24
$-0.62
$1.18

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
SAH
SAH
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
SAH
SAH
Q1 26
Q4 25
$584.0M
$66.9M
Q3 25
$237.0M
$167.9M
Q2 25
$217.0M
$136.8M
Q1 25
$-193.0M
$195.8M
Q4 24
$488.0M
$87.7M
Q3 24
$253.0M
$87.8M
Q2 24
$115.0M
$-136.4M
Free Cash Flow
BAX
BAX
SAH
SAH
Q1 26
$76.0M
Q4 25
$-195.6M
Q3 25
$134.4M
Q2 25
$102.7M
Q1 25
$150.8M
Q4 24
$-245.5M
Q3 24
$34.5M
Q2 24
$-185.2M
FCF Margin
BAX
BAX
SAH
SAH
Q1 26
2.8%
Q4 25
-5.1%
Q3 25
3.4%
Q2 25
2.8%
Q1 25
4.1%
Q4 24
-6.3%
Q3 24
1.0%
Q2 24
-5.4%
Capex Intensity
BAX
BAX
SAH
SAH
Q1 26
5.1%
Q4 25
6.8%
Q3 25
0.8%
Q2 25
0.9%
Q1 25
1.2%
Q4 24
8.6%
Q3 24
1.5%
Q2 24
1.4%
Cash Conversion
BAX
BAX
SAH
SAH
Q1 26
Q4 25
1.43×
Q3 25
3.59×
Q2 25
2.38×
Q1 25
-1.53×
2.77×
Q4 24
1.50×
Q3 24
1.81×
1.18×
Q2 24
-3.31×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BAX
BAX

Segment breakdown not available.

SAH
SAH

Retail new vehicles$1.6B44%
Used vehicles$1.3B34%
Parts, service and collision repair$516.6M14%
Finance, insurance and other, net$202.4M5%
Wholesale vehicles$71.8M2%
Fleet new vehicles$20.7M1%

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