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ALGN vs. BAX: Align vs. Baxter Stock Comparison

How do Align (ALGN) and Baxter (BAX) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Align (ALGN) and Baxter (BAX) both belong to the Health Care Equipment & Supplies industry, though ALGN is classified under Health Care Supplies while BAX falls under Health Care Equipment.

Company profile comparison for Align (ALGN) and Baxter (BAX)
Profile ItemALGNBAX
NameAlign Technology Inc.Baxter International Inc.
Country/RegionUnited StatesUnited States
GICS SectorHealth CareHealth Care
GICS Industry GroupHealth Care Equipment & ServicesHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & SuppliesHealth Care Equipment & Supplies
GICS Sub-IndustryHealth Care SuppliesHealth Care Equipment
Market Capitalization11.70 billion USD13.34 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateJanuary 30, 2001October 27, 1981
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

ALGN
BAX
GSPC
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Align (ALGN) vs. Baxter (BAX), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Align (ALGN) and Baxter (BAX). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Align (ALGN) and Baxter (BAX). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Align (ALGN) and Baxter (BAX)
MetricALGNBAX
Total Return (1Y)27.43%45.72%
Total Return (3Y, Annualized)-2.84%-5.53%
Total Return (5Y, Annualized)-24.73%-17.96%

Risk Profile

Drawdown History

ALGN
BAX
GSPC
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Align (ALGN) vs. Baxter (BAX), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Align (ALGN) and Baxter (BAX). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Align (ALGN) has an aggressive beta of 1.67, indicating higher sensitivity to broad-market moves, while Baxter (BAX) is defensive at 0.62 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Risk profile metrics for Align (ALGN) and Baxter (BAX)
MetricALGNBAX
Volatility (1Y, Annualized)40.49%42.31%
Beta (5Y)1.670.62
Max Drawdown (5Y)-82.44%-80.61%
Avg. Volume (3M)942.14K6.53M

Risk-Adjusted Performance

Risk-Return Positioning

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ALGN and BAX are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Align (ALGN) and Baxter (BAX)
MetricALGNBAX
Sharpe Ratio (1Y)0.570.98
Sortino Ratio (1Y)0.891.42

Profitability

ROE (TTM)

Baxter (BAX) reports a negative ROE of -9.04%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Align (ALGN) reports 11.91%, ranking against industry peers normally.

ALGN

Health Care Equipment & Services industry group

11.91%

Max
47.61%
Q3
14.36%
ALGN
11.91%
Median
5.45%
Q1
-10.67%
Min
-47.01%

BAX

Health Care Equipment & Services industry group

-9.04%

Max
47.61%
Q3
14.36%
Median
5.45%
BAX
-9.04%
Q1
-10.67%
Min
-47.01%
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Align (ALGN) vs. Baxter (BAX): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

Baxter (BAX) reports a negative net margin of -6.23%, usually indicating a net loss over the period. Meanwhile Align (ALGN) reports 11.83%, ranking against industry peers normally.

ALGN

Health Care Equipment & Services industry group

11.83%

Max
29.35%
ALGN
11.83%
Q3
9.33%
Median
2.18%
Q1
-6.29%
Min
-28.46%

BAX

Health Care Equipment & Services industry group

-6.23%

Max
29.35%
Q3
9.33%
Median
2.18%
BAX
-6.23%
Q1
-6.29%
Min
-28.46%
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Align (ALGN) vs. Baxter (BAX): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Align (ALGN) at 20.13% operates in the top operating margin quartile, ahead of Baxter (BAX) at 9.88%, which runs around its industry’s norm.

ALGN

Health Care Equipment & Services industry group

20.13%

Max
35.43%
ALGN
20.13%
Q3
14.14%
Median
6.81%
Q1
-0.28%
Min
-16.29%

BAX

Health Care Equipment & Services industry group

9.88%

Max
35.43%
Q3
14.14%
BAX
9.88%
Median
6.81%
Q1
-0.28%
Min
-16.29%
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Align (ALGN) vs. Baxter (BAX): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Align (ALGN) and Baxter (BAX)
MetricALGNBAX
ROE (TTM)11.91%-9.04%
ROA (TTM)8.01%2.71%
Net Margin (TTM)11.83%-6.23%
Operating Margin (TTM)20.13%9.88%
Gross Margin (TTM)71.53%33.37%

Growth

Revenue Growth

Baxter (BAX) at 5.72% is around its peer norm for revenue growth, while Align (ALGN) at 0.90% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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Align (ALGN) vs. Baxter (BAX): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Align (ALGN) reports EPS growth of 0.53%, ranked against its industry; Baxter (BAX) has no EPS growth figure this period.

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Align (ALGN) vs. Baxter (BAX): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Align (ALGN) and Baxter (BAX)
MetricALGNBAX
Revenue Growth (YoY)0.90%5.72%
Revenue Growth (3Y CAGR)2.61%3.79%
EPS Growth (YoY)0.53%--
EPS Growth (3Y CAGR)7.02%--

Financial Strength

Current Ratio (MRQ)

Both Align (ALGN) at 1.43 and Baxter (BAX) at 1.79 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

ALGN

Health Care Equipment & Services industry group

1.43

Max
7.59
Q3
4.00
Median
1.98
ALGN
1.43
Q1
1.37
Min
0.30

BAX

Health Care Equipment & Services industry group

1.79

Max
7.59
Q3
4.00
Median
1.98
BAX
1.79
Q1
1.37
Min
0.30
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Align (ALGN) vs. Baxter (BAX): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Align (ALGN) at 0.03 keeps leverage in the lower quartile, while Baxter (BAX) at 1.36 sits in the higher-leverage quartile.

ALGN

Health Care Equipment & Services industry group

0.03

Max
1.88
Q3
0.91
Median
0.58
Q1
0.16
ALGN
0.03
Min
0.00

BAX

Health Care Equipment & Services industry group

1.36

Max
1.88
BAX
1.36
Q3
0.91
Median
0.58
Q1
0.16
Min
0.00
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Align (ALGN) vs. Baxter (BAX): A comparison of their debt-to-equity ratio against the Health Care Equipment & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Align (ALGN) and Baxter (BAX)
MetricALGNBAX
Current Ratio (MRQ)1.431.79
Debt / Equity (MRQ)0.031.36
Net Debt / EBITDA-1.043.73

Dividends

Dividend Yield (TTM)

Align (ALGN) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Baxter (BAX) reports a yield of 0.16%, ranking against industry peers normally.

ALGN

Health Care Equipment & Services industry group

0.00%

ALGN
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

BAX

Health Care Equipment & Services industry group

0.16%

BAX
0.16%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Align (ALGN) vs. Baxter (BAX): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Baxter (BAX) reports payout ratio above 100% at 154.67%, meaning dividends exceeded current-period earnings; Align (ALGN) pays no dividend (payout 0.00%).

ALGN

Health Care Equipment & Services industry group

0.00%

ALGN
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

BAX

Health Care Equipment & Services industry group

154.67%

BAX
154.67%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Align (ALGN) vs. Baxter (BAX): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Align (ALGN) and Baxter (BAX)
MetricALGNBAX
Dividend Yield (TTM)0.00%0.16%
Dividend Payout Ratio (TTM)0.00%154.67%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Align (ALGN) trades at 24.20 times trailing earnings, ranked against its peers, while Baxter (BAX) has no P/E ratio this period.

ALGN

Health Care Equipment & Services industry group

24.20

Max
80.41
Q3
47.62
Median
29.93
ALGN
24.20
Q1
21.19
Min
4.21

BAX

Health Care Equipment & Services industry group

--

Max
80.41
Q3
47.62
Median
29.93
Q1
21.19
Min
4.21
BAX
--
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Align (ALGN) vs. Baxter (BAX): BAX does not report P/E ratio, so it has no value marker; ALGN is benchmarked against the Health Care Equipment & Services industry group.

P/S Ratio (TTM)

On P/S ratio, both Align (ALGN) at 2.81 and Baxter (BAX) at 1.15 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

ALGN

Health Care Equipment & Services industry group

2.81

Max
8.80
Q3
4.32
ALGN
2.81
Median
2.13
Q1
1.10
Min
0.03

BAX

Health Care Equipment & Services industry group

1.15

Max
8.80
Q3
4.32
Median
2.13
BAX
1.15
Q1
1.10
Min
0.03
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Align (ALGN) vs. Baxter (BAX): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Align (ALGN) at 2.73 and Baxter (BAX) at 2.05 are valued close to their industries’ norm against book — neither stands out from peers.

ALGN

Health Care Equipment & Services industry group

2.73

Max
11.68
Q3
6.12
Median
3.00
ALGN
2.73
Q1
1.73
Min
-1.31

BAX

Health Care Equipment & Services industry group

2.05

Max
11.68
Q3
6.12
Median
3.00
BAX
2.05
Q1
1.73
Min
-1.31
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Align (ALGN) vs. Baxter (BAX): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Align (ALGN) and Baxter (BAX)
MetricALGNBAX
P/E Ratio (TTM)24.20--
P/S Ratio (TTM)2.811.15
P/B Ratio (MRQ)2.732.05
Free Cash Flow Yield (TTM)4.90%9.16%