• Baxter average pre-tax profit margin for 2023 was -10.41%, a 54.91% decline from 2022.
• Baxter average pre-tax profit margin for 2022 was -6.72%, a 163.4% increase from 2021.
• Baxter average pre-tax profit margin for 2021 was 10.6%, a 21.14% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.