• Baxter average ebit margin for 2023 was -6.82%, a 58.6% decline from 2022.
• Baxter average ebit margin for 2022 was -4.3%, a 132.82% increase from 2021.
• Baxter average ebit margin for 2021 was 13.1%, a 12.9% decline from 2020.

Ebit margin can be defined as earnings before interest and taxes as a portion of total revenues