How many subsidiaries does BAXTER INTERNATIONAL INC file with the SEC?

33, listed in its most recent exhibit 21. They are incorporated across 23 jurisdictions, led by Delaware, Indiana, New York. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is BAXTER INTERNATIONAL INC financially healthy?

BAXTER INTERNATIONAL INC scores 5 out of 9 on the Piotroski F-score. Its Altman Z-score puts it in the grey zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of BAXTER INTERNATIONAL INC?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

BAXTER INTERNATIONAL INC (BAX)

NYSE · Common Stock · Surgical & Medical Instruments & Apparatus

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

American manufacturer of healthcare goods

Corporate structure

33 entities across 23 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-02-12 — see the exhibit.

Which other public companies file entities in the same places:

Belgium4 Delaware3 India2 Ireland2 Singapore2 Switzerland2 The Netherlands2 Indiana1 New York1 Minnesota1 Australia1 Brazil1

Subsidiaries of BAXTER INTERNATIONAL INC as disclosed in its SEC filing
Entity	Jurisdiction	Note
Baxter Healthcare Corporation	Delaware
Baxter Healthcare of Puerto Rico LLC	Delaware
Hill-Rom Services, Inc.	Indiana
Welch Allyn Inc.	New York
Laboratorios Baxter S.A.	Delaware
Synovis Micro Companies Alliance, Inc.	Minnesota
Baxter Healthcare Pty Ltd	Australia
Baxter Belgium SPRL	Belgium
Baxter Distribution Center Europe SA	Belgium
Baxter R and D Europe SPRL	Belgium

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 9

FAILReturn on assets positiveROA -4.8%
PASSOperating cash flow positiveOCF 845M
FAILReturn on assets improving-2.5% → -4.8%
PASSCash flow exceeds earningsOCF 845M vs NI -957M
PASSLong-term debt ratio falling51.1% → 47.1% of assets
PASSCurrent ratio improving1.36 → 2.31
FAILNo share dilution510M → 513M shares
FAILGross margin improving37.5% → 30.1%
PASSAsset turnover improving0.41× → 0.56×

Altman Z-score

2.24grey

Bankruptcy-risk screen combining working capital, retained earnings, operating income, market value against liabilities, and asset turnover. Above 2.99 is the safe zone; below 1.81 is distress.

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$11.7B	$1.1B	$1.2B	39.3%	517,000,000
FY2021	$12.8B	$1.3B	$1.5B	39.9%	508,000,000
FY2022	$15.1B	−$2.4B	$532.0M	35.7%	504,000,000
FY2023	$14.8B	$2.7B	$1.0B	33.6%	506,000,000
FY2024	$10.6B	−$649.0M	$573.0M	37.5%	510,000,000

Ownership flow

1 institutions tracked — 1 added, 0 reduced.

Institutional holders of BAXTER INTERNATIONAL INC and their share-count change
Manager	Kind	Shares	Change	Value
GEODE CAPITAL MANAGEMENT, LLC	Index	14,123,689	+360,724	$300.6M

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Dividend per share

2026Q2: $0.01
2026Q1: $0.01
2025Q3: $0.17
2025Q2: $0.17
2025Q1: $0.17
2024Q3: $0.29

Identity

CIK: 0000010456
LEI: J5OIVXX3P24RJRW5CK77
FIGI: BBG000BCVJ77
SIC: 3841 · Surgical & Medical Instruments & Apparatus
Incorporated: DE
Headquarters: DEERFIELD, IL
Employees: 61,500
Founded: 1931-01-01

Ownership

Institutional: 110.2%
Institutions: 952
Insiders: 0.3%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other surgical & medical instruments & apparatus companies

BAXTER INTERNATIONAL INC files under SIC 3841 — all 38 surgical & medical instruments & apparatus companies compared on assets and F-score.

BECTON DICKINSON & COBDX STRYKER CORPSYK BOSTON SCIENTIFIC CORPBSX Medline Inc.MDLN 3M COMMM Solventum CorpSOLV

Questions about BAXTER INTERNATIONAL INC

How many subsidiaries does BAXTER INTERNATIONAL INC file with the SEC?: 33, listed in its most recent exhibit 21. They are incorporated across 23 jurisdictions, led by Delaware, Indiana, New York. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is BAXTER INTERNATIONAL INC financially healthy?: BAXTER INTERNATIONAL INC scores 5 out of 9 on the Piotroski F-score. Its Altman Z-score puts it in the grey zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of BAXTER INTERNATIONAL INC?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

Download the terminal See pricing

Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.