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Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Bausch Health Companies Inc., together with its associated entities, is engaged in the development, manufacturing, and commercialization of a diverse portfolio of pharmaceutical products, medical devices, and over-the-counter remedies. Its primary therapeutic focus areas include ophthalmology, digestive health, and dermatology. The enterprise conducts its operations through five principal divisions: Bausch + Lomb, Salix, International Rx, Ortho Dermatologics, and Diversified Products.
How they make money
Bausch Health is a global specialty pharmaceutical and medical device company that develops, manufactures, and markets products primarily in the therapeutic areas of gastroenterology, hepatology, neurology, and dermatology. It generates revenue through the sale of branded, generic, and branded generic pharmaceuticals, over-the-counter products, and medical devices, including through its majority ownership of Bausch + Lomb Corporation.
Products & services
The company offers a broad portfolio of pharmaceuticals, over-the-counter products, and medical devices, including contact lenses, intraocular lenses, and ophthalmic surgical equipment.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Overall investment score · Quality, value, risk and opportunity
22
Poor
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
27
Poor
Financial Strength
22
Business Quality / Moat
17
Management
47
Growth Quality
36
Risk / Durability
14
Weak Company · Expensive Stock
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
45
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
52/100
Building Historical Record
Model Score 52/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently moderate.
What we like
No strong positive signal is being highlighted from the currently available summary data.
What to watch
•Severe debt stress
•Valuation is a weaker part of the current profile
•Revenue fundamentals are weak
•Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for BHC
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•Can BHC maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
•Is BHC's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
•Is BHC's debt load manageable relative to cash generation, interest costs and upcoming maturities?
•What specifically needs to improve for BHC to reach sustainable profitability?
•What future growth or profitability would be needed to justify BHC's current valuation?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for BHC
Detected from reported data — verify before acting.
Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Severe debt stress
Negative shareholder equity • Total debt is at least one year of revenue • Interest coverage is below 2x • Cash covers less than 20% of total debt
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on BHC.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Diversified portfolio across multiple therapeutic areas.
+Global market presence in approximately 90 countries.
+Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
−Debt risk (severe): Negative shareholder equity.
−Total debt is at least one year of revenue.
−Interest coverage is below 2x.
−Cash covers less than 20% of total debt.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdown
Wall Street Score
Very Weak22/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Poor
20
Debt Cost7.6%
Debt Reduction YoY2.8%
Debt / Equity-38.35x
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Revenue
Poor
32
Revenue YoY5.7%
Revenue CAGR8.3%
Net Margin-10.1%
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Asset
Fair
55
Asset Growth YoY-0.8%
Liquidation/Share-$2.14
Net Assets/MCap1.84x
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Capital
Poor
2
Earnings Yield-50.4%
Buyback Yield0.3%
Debt Cost7.6%
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Management
Weak
47
ROIC8.9%
ROE62.0%
ROA-4.4%
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Moat
Poor
17
EPS Growth—
FCF/Share Growth-7.4%
Rev/Share Growth3.3%
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Valuation
Poor
0
Intrinsic Value—
Value Reference—
MOS—
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Buffett
Poor
29
Revenue32
Moat17
Valuation0
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MOS
Poor
0
MOS %—
Value Reference—
Deep Discount Reference—
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Financial
Poor
21
Interest Coverage1.4x
ROIC8.9%
FCF Yield46.0%
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Master
Poor
21
Financial21
Valuation0
Debt20
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Resilience
Poor
35
Survival Years0.4 yrs
Current Ratio1.47x
FCF Margin9.8%
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Score Changes
5 historical score records available
Previous Score
22
Sep 9, 2026
Change
Unchanged
Current Score
22
Oct 1, 2026
Category Changes
Revenue0
Debt0
Assets0
Capital0
Management0
Moat0
Valuation0
Buffett0
BHC score was unchanged.
Projected Score
Projected Score
30
Projected Change
+8.8 points
Preliminary comparable-period financial changes suggest improvement of approximately 8.8 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailable
Current Price
$6.31
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Value Reference: —
Deep Discount Reference: —
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue
$10.85B
$10.27B
$9.63B
$8.76B
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Cost of Revenue
$3.06B
$3.01B
$2.78B
$2.56B
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····
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Gross Profit
$7.79B
$7.25B
$6.84B
$6.20B
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····
····
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Research & Development
$634.0M
$629.0M
$634.0M
$604.0M
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SG&A Expenses
$3.44B
$3.44B
$3.28B
$2.90B
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Operating Expenses
$5.03B
$5.07B
$5.30B
$5.24B
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EBITDA
$2.05B
$3.18B
$3.13B
$2.88B
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Operating Income
$2.76B
$2.19B
$1.55B
$963.0M
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Interest Expense
$1.61B
$1.60B
$1.39B
$1.33B
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Income Before Tax
-$732.0M
$367.0M
$167.0M
-$390.0M
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Income Tax Expense
$361.0M
$247.0M
$239.0M
$221.0M
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Net Income
-$1.10B
$157.0M
-$46.0M
-$592.0M
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Basic EPS
$-2.95
$0.43
$-0.13
$-1.62
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Basic Shares
375M
371M
368M
365M
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Diluted Shares
378M
375M
368M
365M
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Upgrade to Premium for up to 10 annual periods, where available.
Estimated earnings date:A future estimated earnings date is not currently available.
Jun 30, 2026Q2FY2026
Revenue
$2.85B
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.68
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-4.4%
Cash Change
+5.7%
Margin Change
+3.2 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Margins expanded
Cash position grew
Debt reduced
Potential Score Impact
Positive indicators included revenue growth, EPS growth, cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 12.7%. EPS increased 70.0%. Cash increased 5.7%. Total debt declined 4.4%. Net income margin improved by 3.2 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Upgrade to Premium to unlock all earnings history.View plans
Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
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Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
Premium
5 Years
$———.——
Premium
10 Years
$———.——
Premium
Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.