Also trades as: BHC.TO (TSX) · $vol 4M
BHC NYSE
Bausch Health Companies Inc.
1W: +0.6%
1M: +11.8%
3M: +40.7%
YTD: -11.8%
1Y: -0.3%
3Y: -13.3%
5Y: -77.3%
$6.31
-0.04 (-0.71%)
Weekly Expected Move ±4.4%
$6
$6
$6
$7
$7
Credit Risk of going bust: higher than 87% of companies Debt: 89.7% of company value Bonds: $300.9M held by 287 funds, 1254 bp over Treasuries → details ▾
If the stock fell to about $1.87 (down 71%), Bausch Health Companies Inc. would be worth roughly what it owes.
Total debt $20.78B against a stock market value of $2.37B.
Distance to default 1.94 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $10.80B (short-term plus half of long-term), stock volatility 54.2%; Altman Z'' -0.73. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
Total debt $20.78B against a stock market value of $2.37B.
Distance to default 1.94 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $10.80B (short-term plus half of long-term), stock volatility 54.2%; Altman Z'' -0.73. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
Overview
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Financials
Income Statement
Cash Flow
Balance Sheet
Earnings
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ETF Exposure
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Revenue Segmentation
By Product / Service
By Geography
Revenue by Segment (5-Year Trend)
Income Trends
Revenue
$10.3B
+7.1% ▲
5Y CAGR: +5.1%
Gross Profit
$7.0B
+2.9% ▲
5Y CAGR: +4.0%
Operating Income
$2.1B
+33.8% ▲
5Y CAGR: +25.1%
Net Income
$155M
+437.6% ▲
EPS (Diluted)
$0.41
+415.4% ▲
EBITDA
$3.1B
-1.2% ▼
5Y CAGR: -0.3%
Profit Margins
Year-over-Year Growth
View Full Income Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $8.4B | $8.1B | $8.8B | $9.6B | $10.3B |
| YoY Growth | +5.1% | -3.7% | +7.8% | +9.9% | +7.1% |
| Cost of Revenue | $2.4B | $2.4B | $2.6B | $2.8B | $3.3B |
| Gross Profit | $6.0B | $5.8B | $6.2B | $6.8B | $7.0B |
| Gross Margin | 71.6% | 70.9% | 70.8% | 71.1% | 68.3% |
| R&D Expenses | $473M | $530M | $604M | $634M | $739M |
| SG&A Expenses | $2.5B | $2.5B | $2.9B | $3.3B | $3.4B |
| Operating Expenses | $5.6B | $5.3B | $5.2B | $5.3B | $5.0B |
| Operating Income | $450M | $454M | $963M | $1.5B | $2.1B |
| Operating Margin | 5.3% | 5.6% | 11.0% | 16.1% | 20.1% |
| Interest Expense | $1.4B | $1.5B | $1.3B | $1.4B | $1.5B |
| Income Before Tax | -$1.0B | -$129M | -$390M | $167M | $368M |
| Tax Expense | -$87M | $83M | $221M | $239M | $249M |
| Net Income | -$948M | -$225M | -$592M | -$46M | $155M |
| Net Margin | -11.2% | -2.8% | -6.8% | -0.5% | 1.5% |
| EPS (Diluted) | $-2.61 | $-0.59 | $-1.62 | $-0.13 | $0.41 |
| EBITDA | $3.3B | $2.9B | $2.9B | $3.1B | $3.1B |
| Shares Outstanding | 359M | 362M | 365M | 368M | 371M |