Medical - Instruments & Supplies
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HOLX vs BAX
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Instruments & Supplies
HOLX vs BAX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Medical - Instruments & Supplies | Medical - Instruments & Supplies |
| Market Cap | $16.97B | $8.77B |
| Revenue (TTM) | $4.13B | $11.32B |
| Net Income (TTM) | $544M | $-1.10B |
| Gross Margin | 52.8% | 30.1% |
| Operating Margin | 17.5% | -2.7% |
| Forward P/E | 17.2x | 8.9x |
| Total Debt | $2.63B | $10.00B |
| Cash & Equiv. | $1.96B | $1.97B |
HOLX vs BAX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | Apr 26 | Return |
|---|---|---|---|
| Hologic, Inc. (HOLX) | 100 | 143.4 | +43.4% |
| Baxter Internationa… (BAX) | 100 | 18.7 | -81.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: HOLX vs BAX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
HOLX carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- beta 0.41
- 125.4% 10Y total return vs BAX's -43.5%
- Lower volatility, beta 0.41, Low D/E 52.0%, current ratio 3.75x
BAX is the clearest fit if your priority is growth exposure.
- Rev growth 5.7%, EPS growth -37.8%, 3Y rev CAGR 3.8%
- 5.7% revenue growth vs HOLX's 1.7%
- Lower P/E (8.9x vs 17.2x)
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 5.7% revenue growth vs HOLX's 1.7% | |
| Value | Lower P/E (8.9x vs 17.2x) | |
| Quality / Margins | 13.2% margin vs BAX's -9.7% | |
| Stability / Safety | Beta 0.41 vs BAX's 1.37, lower leverage | |
| Dividends | 4.0% yield; the other pay no meaningful dividend | |
| Momentum (1Y) | +43.1% vs BAX's -42.1% | |
| Efficiency (ROA) | 5.9% ROA vs BAX's -5.4%, ROIC 9.4% vs -1.4% |
HOLX vs BAX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
HOLX vs BAX — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
HOLX leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
BAX is the larger business by revenue, generating $11.3B annually — 2.7x HOLX's $4.1B. HOLX is the more profitable business, keeping 13.2% of every revenue dollar as net income compared to BAX's -9.7%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $4.1B | $11.3B |
| EBITDAEarnings before interest/tax | $974M | $671M |
| Net IncomeAfter-tax profit | $544M | -$1.1B |
| Free Cash FlowCash after capex | $1000M | $501M |
| Gross MarginGross profit ÷ Revenue | +52.8% | +30.1% |
| Operating MarginEBIT ÷ Revenue | +17.5% | -2.7% |
| Net MarginNet income ÷ Revenue | +13.2% | -9.7% |
| FCF MarginFCF ÷ Revenue | +24.2% | +4.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +2.5% | +2.9% |
| EPS Growth (YoY)Latest quarter vs prior year | -9.2% | -112.0% |
Valuation Metrics
BAX leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
On an enterprise value basis, HOLX's 17.4x EV/EBITDA is more attractive than BAX's 25.0x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $17.0B | $8.8B |
| Enterprise ValueMkt cap + debt − cash | $17.6B | $16.8B |
| Trailing P/EPrice ÷ TTM EPS | 30.53x | -9.70x |
| Forward P/EPrice ÷ next-FY EPS est. | 17.21x | 8.90x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 17.39x | 24.97x |
| Price / SalesMarket cap ÷ Revenue | 4.14x | 0.78x |
| Price / BookPrice ÷ Book value/share | 3.43x | 1.43x |
| Price / FCFMarket cap ÷ FCF | 18.44x | 27.14x |
Profitability & Efficiency
HOLX leads this category, winning 9 of 9 comparable metrics.
Profitability & Efficiency
HOLX delivers a 10.4% return on equity — every $100 of shareholder capital generates $10 in annual profit, vs $-16 for BAX. HOLX carries lower financial leverage with a 0.52x debt-to-equity ratio, signaling a more conservative balance sheet compared to BAX's 1.64x. On the Piotroski fundamental quality scale (0–9), HOLX scores 7/9 vs BAX's 5/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +10.4% | -16.5% |
| ROA (TTM)Return on assets | +5.9% | -5.4% |
| ROICReturn on invested capital | +9.4% | -1.4% |
| ROCEReturn on capital employed | +8.8% | -1.7% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 5 |
| Debt / EquityFinancial leverage | 0.52x | 1.64x |
| Net DebtTotal debt minus cash | $667M | $8.0B |
| Cash & Equiv.Liquid assets | $2.0B | $2.0B |
| Total DebtShort + long-term debt | $2.6B | $10.0B |
| Interest CoverageEBIT ÷ Interest expense | 8.00x | -0.83x |
Total Returns (Dividends Reinvested)
HOLX leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in HOLX five years ago would be worth $11,665 today (with dividends reinvested), compared to $2,479 for BAX. Over the past 12 months, HOLX leads with a +43.1% total return vs BAX's -42.1%. The 3-year compound annual growth rate (CAGR) favors HOLX at -2.9% vs BAX's -24.8% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +1.9% | -12.9% |
| 1-Year ReturnPast 12 months | +43.1% | -42.1% |
| 3-Year ReturnCumulative with dividends | -8.5% | -57.4% |
| 5-Year ReturnCumulative with dividends | +16.7% | -75.2% |
| 10-Year ReturnCumulative with dividends | +125.4% | -43.5% |
| CAGR (3Y)Annualised 3-year return | -2.9% | -24.8% |
Risk & Volatility
HOLX leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
HOLX is the less volatile stock with a 0.41 beta — it tends to amplify market swings less than BAX's 1.37 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. HOLX currently trades 100.0% from its 52-week high vs BAX's 52.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.41x | 1.37x |
| 52-Week HighHighest price in past year | $76.04 | $32.68 |
| 52-Week LowLowest price in past year | $51.90 | $15.73 |
| % of 52W HighCurrent price vs 52-week peak | +100.0% | +52.0% |
| RSI (14)Momentum oscillator 0–100 | 69.1 | 41.4 |
| Avg Volume (50D)Average daily shares traded | 9.7M | 8.7M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates HOLX as "Hold" and BAX as "Hold". Consensus price targets imply 16.3% upside for BAX (target: $20) vs 3.9% for HOLX (target: $79). BAX is the only dividend payer here at 4.00% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $79.00 | $19.75 |
| # AnalystsCovering analysts | 42 | 36 |
| Dividend YieldAnnual dividend ÷ price | — | +4.0% |
| Dividend StreakConsecutive years of raises | — | 0 |
| Dividend / ShareAnnual DPS | — | $0.68 |
| Buyback YieldShare repurchases ÷ mkt cap | +4.4% | 0.0% |
HOLX leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). BAX leads in 1 (Valuation Metrics).
HOLX vs BAX: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is HOLX or BAX a better buy right now?
For growth investors, Baxter International Inc.
(BAX) is the stronger pick with 5. 7% revenue growth year-over-year, versus 1. 7% for Hologic, Inc. (HOLX). Hologic, Inc. (HOLX) offers the better valuation at 30. 5x trailing P/E (17. 2x forward), making it the more compelling value choice. Analysts rate Hologic, Inc. (HOLX) a "Hold" — based on 42 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — HOLX or BAX?
On forward P/E, Baxter International Inc.
is actually cheaper at 8. 9x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — HOLX or BAX?
Over the past 5 years, Hologic, Inc.
(HOLX) delivered a total return of +16. 7%, compared to -75. 2% for Baxter International Inc. (BAX). Over 10 years, the gap is even starker: HOLX returned +125. 4% versus BAX's -43. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — HOLX or BAX?
By beta (market sensitivity over 5 years), Hologic, Inc.
(HOLX) is the lower-risk stock at 0. 41β versus Baxter International Inc. 's 1. 37β — meaning BAX is approximately 234% more volatile than HOLX relative to the S&P 500. On balance sheet safety, Hologic, Inc. (HOLX) carries a lower debt/equity ratio of 52% versus 164% for Baxter International Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — HOLX or BAX?
By revenue growth (latest reported year), Baxter International Inc.
(BAX) is pulling ahead at 5. 7% versus 1. 7% for Hologic, Inc. (HOLX). On earnings-per-share growth, the picture is similar: Hologic, Inc. grew EPS -25. 0% year-over-year, compared to -37. 8% for Baxter International Inc.. Over a 3-year CAGR, BAX leads at 3. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — HOLX or BAX?
Hologic, Inc.
(HOLX) is the more profitable company, earning 13. 8% net margin versus -8. 5% for Baxter International Inc. — meaning it keeps 13. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: HOLX leads at 17. 4% versus -2. 7% for BAX. At the gross margin level — before operating expenses — HOLX leads at 61. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is HOLX or BAX more undervalued right now?
On forward earnings alone, Baxter International Inc.
(BAX) trades at 8. 9x forward P/E versus 17. 2x for Hologic, Inc. — 8. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BAX: 16. 3% to $19. 75.
08Which pays a better dividend — HOLX or BAX?
In this comparison, BAX (4.
0% yield) pays a dividend. HOLX does not pay a meaningful dividend and should not be held primarily for income.
09Is HOLX or BAX better for a retirement portfolio?
For long-horizon retirement investors, Hologic, Inc.
(HOLX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 41), +125. 4% 10Y return). Both have compounded well over 10 years (HOLX: +125. 4%, BAX: -43. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between HOLX and BAX?
Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: HOLX is a mid-cap quality compounder stock; BAX is a small-cap income-oriented stock. BAX pays a dividend while HOLX does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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