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NYSE · PHARMACEUTICAL PREPARATIONS · LARGE CAP

Bausch Health Companies Inc. BHC

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$10.3B
▲ 6.7% YoY
$157.0M
$1.0B
▼ 20.4% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Bausch Health Companies Inc. develops, manufactures and markets a broad range of branded, generic and branded generic pharmaceuticals, over-the-counter products and aesthetic medical devices, primarily in the therapeutic areas of gastroenterology, hepatology, neurology and dermatology, and, through its approximately 88% ownership of Bausch + Lomb Corporation, branded and branded generic pharmaceuticals, OTC products and medical devices in the therapeutic areas of eye health. The Company's products are marketed directly or indirectly in approximately 90 countries. Its portfolio of products falls into five reportable segments: Salix, International, Solta Medical, Diversified and Bausch + Lomb. The Salix segment consists of sales in the U.S. of GI products, with the Xifaxan product line currently representing approximately 85% of Salix segment revenues. The International segment consists of sales, other than sales of Bausch + Lomb products and Solta Medical aesthetic medical devices, outside the U.S. of branded pharmaceutical products, branded generic pharmaceutical products and OTC products. The Solta Medical segment consists of global sales of Solta Medical aesthetic medical devices. The Diversified segment consists of sales in the U.S. of pharmaceutical products in the areas of neurology and certain other therapeutic classes, dermatology products, generic pharmaceutical products and dentistry products. The Bausch + Lomb segment consists of global sales of Bausch + Lomb Vision Care, Surgical and Pharmaceuticals products.

Written from the business description in Bausch Health Companies Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 19 February 2026. Every sentence was checked against that document before publication.

Growth

USD 10.3B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 10.3 · Net income 0.2
5B10B-2B-3B
2008201120142017202020232025
Compound annual growth
+8.1%
+5.0%
−0.2%
+15.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +5.0% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

1 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 17.7% · Net 1.2%
20%40%-20%-40%
200820162025
ROE
FY2020 · ROE -70.1%
-50%
200820162025
Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.

Return on equity has no reading this year — return on capital employed, just below, still does: 9%.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 1.0
1.0B2.0B-0.4B-0.8B
200820162025
Net buybacks $B Dividends $B
FY2017 · Dividends · · Net buybacks 0.0
0.25B0.50B-1.00B-2.00B
2008200920102011201220132014201520162017

Total assetsUSD 26.4B
EquityUSD -554.0M
CashUSD 1.3B
Gross debtUSD 20.8B
Net debtUSD 19.5B
Current ratio1.47×

Equity was zero or negative — liabilities equaled or exceeded assets. No ratio is shown.

The 18-year record

18 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
BHC, 18-year financial record
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B10.39.68.88.18.48.08.68.48.79.710.48.25.83.52.41.20.80.8
Operating income $B1.81.51.00.50.50.7−0.2−2.40.1−0.61.52.0−0.40.10.3−0.10.20.1
EBITDA $B2.01.71.10.60.60.9−0.0−2.20.3−0.41.72.2−0.30.10.3−0.10.2◌
Income tax $B0.20.20.20.1−0.1−0.4−0.1−0.0−4.1−0.00.10.2−0.5−0.3−0.2−0.0−0.0−0.1
Net income $B0.2−0.0−0.6−0.2−0.9−0.6−1.8−4.12.4−2.4−0.30.9−0.9−0.10.20.40.40.2
Free cash flow $B1.01.30.8−0.91.20.81.21.32.11.92.02.00.90.50.60.20.40.2
EPS, diluted $0.42−0.13−1.62−0.62−2.64−1.58−5.08−11.816.83−6.94−0.852.58−2.70−0.380.49−1.061.111.25
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌1.280.651.50
Payout %———————————————◌◌◌
ROE %—————−70.1−94.2◌◌◌◌◌◌◌◌◌◌◌
Shares out B0.370.370.370.360.360.360.350.350.350.350.340.330.330.300.310.300.16◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 70 reconciliationsAUDITED

Reconciled in 18 of the 18 fiscal years we could check. Four checks were skipped: the balance sheet is not tagged before 2009. One check was skipped: EPS is not tagged before 2008. One check was skipped: revenue is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityPharmaceutical Preparations
Listed onNYSE
Incorporated inNew Jersey
Fiscal year endsDecember 31
Data on record since2008

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