COMP <GO>
BAX vs PEN // EV/EBITDA & P/E VALUATION
Baxter International Inc. (NYSE) VS. Penumbra Inc. (NYSE) • 15-METRIC TALLY: BAX 4
— PEN 9
■ METRIC PARITY
LAST: $23.00 (-2.13%) • MKT CAP: $12.15B
valuation
—
LAST: $318.95 (-0.94%) • MKT CAP: $12.68B
valuation
52.0x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (BAX VS. PEN)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | BAX | PEN | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 30.10% | 67.10% | -37.00 | PEN | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -2.40% | 10.60% | -13.00 | PEN | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | 52.0x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 2.79% | 1.38% | +1.41 | BAX | /fcf-yield <GO> |
| Operating Margin | -2.70% | 13.50% | -16.20 | PEN | /operating-margins <GO> |
| Net Profit Margin | -8.50% | 12.70% | -21.20 | PEN | /net-margins <GO> |
| Revenue Growth (YoY) | 5.70% | 17.50% | -11.80 | PEN | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 2.86% | 0.00% | +2.86 | BAX | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 2.22 | 21.05 | -18.83 | PEN | /balance-sheet <GO> |
| Piotroski F-Score Quality | 6/9 | 9/9 | -3.00 | PEN | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 42.3 | 51.9 | -9.60 | PEN | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.95 | 0.91 | +0.04 | BAX | /macro-sensitivity <GO> |
| Forward P/E Multiple | 18.0x | 60.0x | -42.00 | BAX | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $12.15B | $12.68B | -$532.8M | PEN | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | BAX REV | PEN REV | BAX GROSS % | PEN GROSS % | BAX FCF | PEN FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $11.24B | $1.40B | 30.1% | 67.1% | $339.0M | $174.9M |
| FY 2024 | $10.64B | $1.19B | 37.5% | 63.2% | $540.4M | $147.3M |
| FY 2023 | $10.36B | $1.06B | — | — | $1.26B | $49.7M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
BAX // BETA 0.95
PEN // BETA 0.91