HIGHOutside partySupplier
single source suppliers
“10-K Item 1: 'certain of these materials are secured from single source suppliers or on a spot basis and not pursuant to a contractual arrangement'”
BAX · Concentration risk · 10-K extracted
Baxter International (BAX) concentration risks
Updated
The most significant concentration Baxter International discloses is single source suppliers, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Baxter International’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH1
MEDIUM2
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCustomer
GPOs, IDNs, and certain other distributors
“10-K Item 1A: 'Segments of our business are significantly dependent on major contracts with GPOs, IDNs, and certain other distributors and purchasers'”
MEDIUMOutside partySupplier
Cardinal Health and Medline
“10-K Item 1: 'third parties, such as Cardinal Health, Inc. and Medline Inc., warehouse and ship a significant portion of our products through their distribution centers'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile combines a supply-side dependency with two customer and distribution channel dependencies, creating a profile where both ends of the value chain carry moderate or high-share concentration risks. On the supply side, certain materials are secured from single-source suppliers or purchased on a spot basis without a formal contractual arrangement — a high-share dependency by disclosed size. For a medical products company with a broad portfolio of hospital and renal care supplies, single-source inputs that lack contractual protection represent a meaningful operational risk, since a supplier disruption or price increase cannot be absorbed through contract terms or quickly redirected to a qualified alternative. The customer side adds two moderate-share dependencies. First, segments of the business are significantly dependent on major contracts with group purchasing organizations, integrated delivery networks, and certain other distributors and purchasers — a structural and dependency mix, as these large healthcare procurement entities control access to a substantial portion of hospital purchasing. Second, Cardinal Health, Inc. and Medline Inc. warehouse and ship a significant portion of products through their distribution centers — a moderate-share operational dependency on third-party logistics that, if disrupted, would affect product availability at the point of care. Together these exposures indicate a business that is leveraged at both the input and distribution ends to a small number of critical counterparties. The most acute single-point risk is the uncontracted single-source supply exposure; the distribution dependency on Cardinal Health and Medline is similarly concentrated but reflects standard healthcare supply chain architecture.
For the engine’s reasoning on BAX’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Medical Instruments & Supplies
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| BLCO | Bausch + Lomb Corporation | 2 | 0 | 0 | 2 |
| BAX● | Baxter International Inc. | 1 | 2 | 0 | 3 |
| ATR | AptarGroup, Inc. | 1 | 1 | 0 | 2 |
| BDX | Becton, Dickinson and Company | 1 | 1 | 0 | 2 |
| ALGN | Align Technology, Inc. | 1 | 0 | 0 | 1 |
| AVTR | Avantor, Inc. | 1 | 0 | 0 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.