Bausch Health Companies Inc. (BHC) financials — revenue, cash, debt and margins

Bausch Health Companies Inc. (BHC) financials — revenue, cash, debt and margins — InspectStocks

Key figures

Trailing twelve months where a flow is involved, latest reported balance where it is not.

Valuation

Market cap: $2.2B
P/E (TTM): —
Price / sales: 0.20
EV / EBITDA: 10.70
Price / book: —

Cash flow

FCF yield: 66.0%
SBC-adjusted FCF yield: 55.2%
SBC impact: 16.3%
Stock compensation (TTM): $233M

Margins & growth

Profit margin: -10.1%
Operating margin: 8.1%
Quarterly revenue (year on year): 12.7%
Quarterly earnings (year on year): 74.3%

Balance sheet

Cash & investments: $920.5M
Debt: $20.7B
Net cash / (debt): -$19.8B

Where the revenue comes from

Pharmaceutical Products is 46% of revenue.

By product or service

Year to Dec 31, 2025 · $10.3B

Pharmaceutical Products46%
$4.7B+8.0% vs. a year earlier
Device Products24%
$2.4B+8.9% vs. a year earlier
Over the Counter Products20%
$2B+5.5% vs. a year earlier
Branded and Other Generic Products9%
$962M-1.7% vs. a year earlier
Product and Service Other1%
$110M+2.8% vs. a year earlier

By business segment

Year to Dec 31, 2025 · $10.3B

Bausch Lomb50%
$5.1B+6.5% vs. a year earlier
Salix25%
$2.6B+10.5% vs. a year earlier
International Rx11%
$1.1B+1.9% vs. a year earlier
Diversified9%
$937M-1.4% vs. a year earlier
Solta Medical5%
$518M+17.7% vs. a year earlier

By region

Year to Dec 31, 2025 · $10.3B

United States and Puerto Rico60%
$6.1B+6.4% vs. a year earlier
Other Countries11%
$1.2B+6.5% vs. a year earlier
China5%
$493M-0.6% vs. a year earlier
Canada4%
$417M+3.7% vs. a year earlier
Poland4%
$382M+9.1% vs. a year earlier
Mexico3%
$278M-11.7% vs. a year earlier
France2%
$249M+8.3% vs. a year earlier
South Korea2%
$234M+60.3% vs. a year earlier
Russia2%
$198M+23.0% vs. a year earlier
Japan2%
$192M+2.1% vs. a year earlier
Germany2%
$176M+10.7% vs. a year earlier
United Kingdom1%
$141M+4.4% vs. a year earlier
Spain1%
$109M+10.1% vs. a year earlier
Italy1%
$106M+12.8% vs. a year earlier

What it owns and what it owes

Both on one scale, because both are money — the bar that is taller is the one that matters.

Cash and debt

Cash & InvestmentsTotal Debt

Cash counts short-term investments, not just the bank balance — technology companies park most of it in marketable securities, and leaving those out understates it several times over. Debt includes lease obligations.

Where the money goes

Cost of RevenueR&D ExpenseSG&A Expense

Only the three costs filers report consistently. Anything a company does not break out sits outside these bands, so the stack is not the whole cost base.

The rest of the series

Not on the overview because five charts is as much as one decision needs — but here in full, on one period switch. Each bar sums the four quarters ending there — a full year, brought up to today.

Total Revenue

$10.85BQ2 2026+3.1%

1Y: +10.09%2Y: +17.94%5Y: +28.01%

Everything the company sold, before any costs. Each bar sums the four quarters ending there — a full year, brought up to today.

EBITDA

$2.06BQ2 2026+15.1%

1Y: -27.56%2Y: -11.19%5Y: +25.69%

Operating profit before depreciation and amortisation — approximated from operating income, because no depreciation tag is reported consistently enough across filers to do better. Treat it as indicative. Each bar sums the four quarters ending there — a full year, brought up to today.

Profit

-$1.1BQ2 2026+9.1%-10.1% of revenue

1Y: -1,220.41%2Y: -133.12%5Y: +14.69%

What was left after every cost, including tax. Each bar sums the four quarters ending there — a full year, brought up to today.

Profit margin

-10.1%Q2 2026+11.8%

How much of every dollar of sales the company keeps as profit. A grocer keeps a few cents; a software company can keep half. Each point covers the four quarters ending there — a full year, brought up to today.

Free Cash Flow

$1.43BQ2 2026+39.2%

1Y: +28.34%2Y: +48.60%5Y: +19.35%

Cash left over after running and maintaining the business. Each bar sums the four quarters ending there — a full year, brought up to today.

Profit per share

-$2.96Q2 2026+8.6%

1Y: -1,238.46%2Y: -133.07%5Y: +17.78%

The same profit, split across every share. If this lags the profit chart above, the company is issuing shares and your slice is getting smaller. Restated onto today’s share count, so stock splits do not show as jumps. Each bar sums the four quarters ending there — a full year, brought up to today.

Shares outstanding

376.03MQ2 2026+0.3%

How many shares the profit is divided across. Rising is dilution; falling is the company buying itself back. Restated onto today’s basis, so splits do not show as jumps. Each point covers the four quarters ending there — a full year, brought up to today.

Price to earnings

12.0xQ1 2026+67.1%

12.0x today · median 8.7x and range 2.3x–24.9x across the points shown, Q4 2017 to Q1 2026 The breaks in the line cover 28 periods with no meaningful multiple — a loss, or earnings so small the ratio says more about the denominator than the price.

Paid per unit of yearly profit. Periods with a loss, or profits too small for the ratio to mean anything, are left out — the line breaks rather than drawing through them. Each point covers the four quarters ending there — a full year, brought up to today.

Dividends paid

$356.29MQ4 2010+516.3%

Cash handed to shareholders. A flat line at zero means the company pays none. Each bar sums the four quarters ending there — a full year, brought up to today.

About Bausch Health Companies Inc.

Ticker: BHC
SEC classification: Pharmaceutical Preparations (2834)
Listed on: NYSE
Incorporated in: NJ
Financial year ends: December 31
Filer size: Large accelerated filer

About this data

Everything above comes from Bausch Health Companies Inc.’s own filings with the SEC, as reported. No estimates, no analyst figures, nothing adjusted.

Not reported by this filer: Gross Profit, R&D Expense, Interest Income, Net Interest Income, Non-interest Income, Non-interest Expense, Deposits, Loans, Borrowings (total), Finance Lease (current), and Finance Lease (noncurrent). Companies choose which XBRL tags to use, and anything untagged cannot be recovered — so these are blank rather than guessed.

Key figures

Trailing twelve months where a flow is involved, latest reported balance where it is not.

Valuation

Market cap: $2.2B
P/E (TTM): —
Price / sales: 0.20
EV / EBITDA: 10.70
Price / book: —

Cash flow

FCF yield: 66.0%
SBC-adjusted FCF yield: 55.2%
SBC impact: 16.3%
Stock compensation (TTM): $233M

Margins & growth

Profit margin: -10.1%
Operating margin: 8.1%
Quarterly revenue (year on year): 12.7%
Quarterly earnings (year on year): 74.3%

Balance sheet

Cash & investments: $920.5M
Debt: $20.7B
Net cash / (debt): -$19.8B

Where the revenue comes from

Pharmaceutical Products is 46% of revenue.

By product or service

Year to Dec 31, 2025 · $10.3B

Pharmaceutical Products46%
$4.7B+8.0% vs. a year earlier
Device Products24%
$2.4B+8.9% vs. a year earlier
Over the Counter Products20%
$2B+5.5% vs. a year earlier
Branded and Other Generic Products9%
$962M-1.7% vs. a year earlier
Product and Service Other1%
$110M+2.8% vs. a year earlier

By business segment

Year to Dec 31, 2025 · $10.3B

Bausch Lomb50%
$5.1B+6.5% vs. a year earlier
Salix25%
$2.6B+10.5% vs. a year earlier
International Rx11%
$1.1B+1.9% vs. a year earlier
Diversified9%
$937M-1.4% vs. a year earlier
Solta Medical5%
$518M+17.7% vs. a year earlier

By region

Year to Dec 31, 2025 · $10.3B

United States and Puerto Rico60%
$6.1B+6.4% vs. a year earlier
Other Countries11%
$1.2B+6.5% vs. a year earlier
China5%
$493M-0.6% vs. a year earlier
Canada4%
$417M+3.7% vs. a year earlier
Poland4%
$382M+9.1% vs. a year earlier
Mexico3%
$278M-11.7% vs. a year earlier
France2%
$249M+8.3% vs. a year earlier
South Korea2%
$234M+60.3% vs. a year earlier
Russia2%
$198M+23.0% vs. a year earlier
Japan2%
$192M+2.1% vs. a year earlier
Germany2%
$176M+10.7% vs. a year earlier
United Kingdom1%
$141M+4.4% vs. a year earlier
Spain1%
$109M+10.1% vs. a year earlier
Italy1%
$106M+12.8% vs. a year earlier

What it owns and what it owes

Both on one scale, because both are money — the bar that is taller is the one that matters.

Cash and debt

Cash & InvestmentsTotal Debt

Where the money goes

Cost of RevenueR&D ExpenseSG&A Expense

Only the three costs filers report consistently. Anything a company does not break out sits outside these bands, so the stack is not the whole cost base.

The rest of the series

Not on the overview because five charts is as much as one decision needs — but here in full, on one period switch. Each bar sums the four quarters ending there — a full year, brought up to today.

Total Revenue

$10.85BQ2 2026+3.1%

1Y: +10.09%2Y: +17.94%5Y: +28.01%

Everything the company sold, before any costs. Each bar sums the four quarters ending there — a full year, brought up to today.

EBITDA

$2.06BQ2 2026+15.1%

1Y: -27.56%2Y: -11.19%5Y: +25.69%

Profit

-$1.1BQ2 2026+9.1%-10.1% of revenue

1Y: -1,220.41%2Y: -133.12%5Y: +14.69%

What was left after every cost, including tax. Each bar sums the four quarters ending there — a full year, brought up to today.

Profit margin

-10.1%Q2 2026+11.8%

Free Cash Flow

$1.43BQ2 2026+39.2%

1Y: +28.34%2Y: +48.60%5Y: +19.35%

Cash left over after running and maintaining the business. Each bar sums the four quarters ending there — a full year, brought up to today.

Profit per share

-$2.96Q2 2026+8.6%

1Y: -1,238.46%2Y: -133.07%5Y: +17.78%

Shares outstanding

376.03MQ2 2026+0.3%

Price to earnings

12.0xQ1 2026+67.1%

Dividends paid

$356.29MQ4 2010+516.3%

Cash handed to shareholders. A flat line at zero means the company pays none. Each bar sums the four quarters ending there — a full year, brought up to today.

About Bausch Health Companies Inc.

Ticker: BHC
SEC classification: Pharmaceutical Preparations (2834)
Listed on: NYSE
Incorporated in: NJ
Financial year ends: December 31
Filer size: Large accelerated filer

About this data

Everything above comes from Bausch Health Companies Inc.’s own filings with the SEC, as reported. No estimates, no analyst figures, nothing adjusted.