Valuation
26% of the score
0median 13
An operating loss over the last year: there are no earnings to price.
BAXBaxter International
$23.51-3.6% 1Y
$23.51
$15.7952 weeks$28.35
RyuScore
Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.
RyuScore 31 out of 100, Below average
Below average. Baxter International scores higher than 26% of the 1,794 companies Ryufin scores.
Carried by cycle position and capital allocation, held back by valuation and return on capital.
Healthcare median 27 · all companies 50
Return on capital
18% of the score
0median 34
Over 7 years the business earned 1.4% a year after tax on the capital it uses.
2%
8%
15%
25%
1.4%
None at 2% or less, full points from 25%full points
7 years agolatest -1.7%
Return on new capital
16% of the score
0median 49
No operating profit over the period, so nothing was earned to reinvest.
Capital allocation
14% of the score
71median 64
How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.
Share countDown 0.2% a year over 5 years: buybacks
645%
-3%
-0.2%
0 pointsfull points
Assets against salesAssets grew 0% a year, sales -0.8%
8012%
-2%
0.8%
0 pointsfull points
Cycle position
12% of the score
100median 62
Today's operating margin of -2.4% is -0.38x its normal 6.3%: near a trough. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.
2x
1.5x
1x
0.7x
-0.4x
A trough earns points, a peak costs themfull points
10 years agonow -2.4%
Balance sheet
8% of the score
50median 50
What the debt weighs against the profit that has to carry it.
Net debt to EBITDAMore cash than debt
100Interest coverOperating profit covers interest -1x
01.5x
12x
-0.9x
0 pointsfull points
Earnings quality
6% of the score
93median 90
Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.
Cash against profitOperating cash flow was 3.42x profit over 3 years
1000.7x
1x
1.3x
3.4x
0 pointsfull points
AccrualsCash ran ahead of profit by 7.9% of assets
998%
0%
-8%
-7.9%
0 pointsfull points
Beneish M-score-2.62
81-1.50
-1.78
-2.22
-3.00
-2.62
0 pointsfull points
How the RyuScore works
Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.
Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-06-30, latest annual report FY2025.
On our screens:Stocks with no debt
Medical Instruments & Supplies
The closest names by size in the same industry