BHC - Bausch Health Companies Inc.

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue Growth YoY (%)	6.7% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-17%)	9.9% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+24%)	7.8% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	-3.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-146%)	5.1% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-37%)	-6.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-183%)	2.6% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-67%)	-3.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-149%)	-9.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-223%)	-7.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-192%)	27.3% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+241%)	42.2% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+428%)	65.8% Excellent → Excellent Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+722%)	41.3% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+416%)	108.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1257%)	44.0% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+450%)	8.4% Fair Fair Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	—	—
EPS Growth YoY (%)	N/M	92.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-161.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	76.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-67.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	68.9% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	57.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	-716.5% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	-610.5% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	N/M	-11.2% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	N/M	92.2% Excellent ↑ Excellent Improving Year-over-year change in net income	-163.1% Weak ↓ Weak Declining Year-over-year change in net income	76.3% Excellent ↑ Excellent Improving Year-over-year change in net income	-69.3% Weak ↓ Weak Declining Year-over-year change in net income	68.6% Excellent Excellent Year-over-year change in net income	57.0% Excellent Excellent Year-over-year change in net income	N/M	N/M	-736.1% Weak Weak Year-over-year change in net income	N/M	N/M	-644.3% Weak ↓ Weak Declining Year-over-year change in net income	N/M	96.5% Excellent ↑ Excellent Improving Year-over-year change in net income	107.8% Excellent Excellent Year-over-year change in net income	-11.7% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	-21.0% Weak Weak Year-over-year change in free cash flow	52.9% Excellent Excellent Year-over-year change in free cash flow	N/M	N/M	41.5% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-34.8% Weak ↓ Weak Declining Year-over-year change in free cash flow	-8.6% Weak ↑ Weak Improving Year-over-year change in free cash flow	-36.8% Weak ↓ Weak Declining Year-over-year change in free cash flow	13.5% Fair ↓ Fair Declining Year-over-year change in free cash flow	-9.6% Weak ↓ Weak Declining Year-over-year change in free cash flow	-1.2% Weak Weak Year-over-year change in free cash flow	106.9% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—	95.7% Excellent Excellent Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	8.1% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	4.5% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	2.9% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	-1.9% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	0.2% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-2.7% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-3.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-7.1% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	2.1% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	18.8% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	44.3% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	49.3% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	69.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	61.9% Excellent Excellent Compound annual revenue growth over 3 years	48.2% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	5.0% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	2.3% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	0.9% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-1.4% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-2.7% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-5.1% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	0.9% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	7.8% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	20.2% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	31.5% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	54.6% Excellent → Excellent Stable Compound annual revenue growth over 5 years	58.5% Excellent Excellent Compound annual revenue growth over 5 years	50.1% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	—	—	—	—	—	—	—	—	37.7% Excellent Excellent Compound annual EPS growth over 3 years	—	—	71.7% Excellent Excellent Compound annual EPS growth over 3 years	—	—	-25.3% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Operating Margin (%) (%)	17.7% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+18%)	16.1% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+7%)	11.0% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-27%)	5.6% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-63%)	5.3% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-64%)	8.4% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-44%)	-2.4% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-116%)	-28.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-290%)	1.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-92%)	-5.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-139%)	14.6% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	24.4% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+63%)	-7.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-147%)	2.3% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-85%)	12.2% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-19%)	-9.3% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-162%)	22.1% Good Good Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+47%)	16.4% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+9%)	—
Effective Tax Rate (%) (%)	67.3% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	143.1% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-56.7% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-64.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	8.5% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	40.1% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	1.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-87%)	-0.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-104%)	-6.8% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-156%)	-2.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-123%)	-11.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-194%)	-7.0% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-158%)	-20.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-273%)	-49.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-512%)	27.6% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+130%)	-24.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-307%)	-2.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-123%)	10.7% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-11%)	-15.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-225%)	-3.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-128%)	29.3% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+144%)	31.0% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+159%)	21.5% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+79%)	26.4% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+120%)	—
FCF Margin (%) (%)	9.8% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	13.1% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	9.3% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	-11.6% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	13.7% Fair → Fair Stable Free cash flow as a percentage of revenue Optimal: > 10%	10.1% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	14.3% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	16.0% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	24.3% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	19.1% Good → Good Stable Free cash flow as a percentage of revenue Optimal: > 10%	19.4% Good → Good Stable Free cash flow as a percentage of revenue Optimal: > 10%	24.4% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	16.1% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	43.1% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	24.1% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	6.39x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-27.39x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-1.38x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	4.20x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-1.22x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-1.44x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.69x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.32x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.88x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	-0.77x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-7.02x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.28x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	-1.07x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—	2.00x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	0.91x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Return on Invested Capital (%)	2.9% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-3.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	7.1% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	3.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	1.8% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	1.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-0.6% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-7.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	0.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-1.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	3.3% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	7.7% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	-1.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	0.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	2.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-1.0% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	45.6% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	6.9% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	5.8% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	3.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	1.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	1.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	2.2% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-0.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-7.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-1.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	7.6% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	-1.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	2.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-1.0% Weak Weak Operating profit relative to total assets Optimal: > 10%	8.8% Fair Fair Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	-28.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-289%)	3.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-76%)	57.9% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+286%)	32.5% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+117%)	—	-104.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-798%)	-167.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1218%)	-151.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1111%)	41.1% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+174%)	-76.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-609%)	-4.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-132%)	16.7% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+11%)	-16.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-212%)	-3.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-121%)	18.3% Good Good Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+22%)	7.5% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-50%)	—	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Debt to Equity (x)	-37.58x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-6363%)	-16.90x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-2917%)	-21.91x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-3751%)	-30.01x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-5101%)	-213.72x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-35719%)	44.72x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+7353%)	24.36x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+3960%)	8.89x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+1382%)	4.35x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+625%)	9.47x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+1478%)	5.26x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+777%)	2.89x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+381%)	3.40x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+466%)	2.97x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+394%)	1.69x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+182%)	0.73x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+22%)	—	—	—
Interest Coverage (x)	1.13x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	1.11x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	0.73x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	0.31x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	0.32x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	0.44x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-0.13x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-1.41x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.06x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-0.31x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.98x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	2.06x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	-0.49x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.17x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.90x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-1.31x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	7.28x Good Good Operating income divided by interest expense Optimal: > 5x	121.91x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$19.51B	$20.43B	$21.44B	$20.20B	$22.07B	$23.32B	$22.65B	$23.58B	$24.72B	$29.31B	$30.51B	$14.91B	$16.78B	$10.11B	$6.49B	$3.20B	$199.51M	$-317.55M	$-433.64M
Debt / EBITDA (x)	10.31x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	12.45x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	19.47x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	32.81x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	36.13x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	27.95x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-1035.80x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-11.00x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	94.24x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-80.03x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	17.91x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.96x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-58.78x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	81.99x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	19.25x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-41.72x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.73x Good Good Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue per Share (USD)	$27.68	$26.15	$24.00	$22.44	$23.50	$22.61	$24.43	$23.85	$24.91	$27.85	$30.48	$24.47	$17.97	$11.39	$8.09	$6.03	$5.18	$4.74	—
Basic EPS, GAAP (USD)	$0.42	$-0.13	$-1.62	$-0.62	$-2.64	$-1.58	$-5.08	$-11.81	$6.86	$-6.94	$-0.85	$2.63	$-2.70	$-0.38	$0.52	$-1.06	$1.11	$1.25	—
Free Cash Flow per Share (USD)	$2.70	$3.42	$2.24	$-2.61	$3.22	$2.28	$3.50	$3.83	$6.05	$5.33	$5.90	$5.97	$2.89	—	—	—	$2.23	$1.14	—
Dividend per Share (USD)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	$1.28	$0.65	$1.50	—
Book Value per Share (USD)	$-1.50	$-3.48	$-2.80	$-1.91	$-0.29	$1.51	$3.02	$7.81	$16.77	$9.06	$17.23	$15.81	$15.37	$12.23	$12.83	$16.24	—	—	—
Tangible Book Value per Share (USD)	$-44.44	$-48.71	$-51.09	$-49.85	$-54.29	$-58.96	$-63.15	$-64.05	$-71.56	$-90.64	$-104.18	$-45.99	$-52.49	$-35.32	$-23.80	$-5.16	—	—	—
Basic Weighted Avg Shares (shares)	370.90M	368.00M	364.90M	362.00M	358.90M	355.00M	352.10M	351.30M	350.20M	347.30M	342.70M	335.40M	321.00M	305.45M	304.65M	195.81M	158.24M	159.73M	—
Dividend Payout Ratio (%)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-120.8% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	58.1% Fair Fair Dividends paid as a percentage of earnings Optimal: 30-60%	120.0% Weak Weak Dividends paid as a percentage of earnings Optimal: 30-60%	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Working Capital (USD)	$1.98B	$-978.00M	$1.29B	$306.00M	$409.00M	$429.00M	$721.00M	$375.00M	$478.00M	$1.47B	$194.00M	$1.42B	$1.37B	$954.70M	$433.23M	$327.71M	$93.73M	—	—
LT Debt (USD)	$20.82B	$21.62B	$22.39B	$20.77B	$22.65B	$23.93B	$25.89B	$24.30B	$25.44B	$29.85B	$31.09B	$15.23B	$17.37B	$11.02B	$6.65B	$3.60B	$313.98M	—	—
Total Equity (USD)	$-554.00M	$-1.28B	$-1.02B	$-692.00M	$-106.00M	$535.00M	$1.06B	$2.73B	$5.85B	$3.15B	$5.91B	$5.28B	$5.12B	$3.72B	$3.93B	$4.91B	—	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Sales/Revenue/Turnover (USD)	$10.27B	$9.62B	$8.76B	$8.12B	$8.43B	$8.03B	$8.60B	$8.38B	$8.72B	$9.67B	$10.45B	$8.21B	$5.77B	$3.48B	$2.46B	$1.18B	$820.43M	$757.18M	—
Depreciation Expense (USD)	$207.00M	$190.00M	$187.00M	$179.00M	$177.00M	$180.00M	$178.00M	$175.00M	$168.00M	$193.00M	$210.00M	$187.00M	$113.80M	$54.80M	$45.60M	$23.90M	—	—	—
Net Income, GAAP (USD)	$157.00M	$-46.00M	$-592.00M	$-225.00M	$-948.00M	$-560.00M	$-1.78B	$-4.14B	$2.40B	$-2.41B	$-288.00M	$879.40M	$-863.60M	$-116.03M	$720.65M	$366.67M	$176.46M	$199.90M	—
Operating Cash Flow (USD)	$1.40B	$1.60B	$1.03B	$-728.00M	$1.43B	$1.11B	$1.50B	$1.50B	$2.29B	$2.09B	$2.26B	$2.29B	$1.04B	—	—	—	$360.90M	$204.32M	—

Bausch Health Companies Inc.

Analytical Summary

19-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Statement lens

Benchmark Lens

Signals

Percentile Rankings

Peer Comparison

Compare BHC with peers