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Bausch Health Companies (BHC) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NYSE•Healthcare•Drug Manufacturers - Specialty & Generic
D
WeakMetricSide Score: 51/100
ProfitabilityProfit9/25
GrowthGrowth14/25
Balance Sheet & Red FlagsBalance7/25
Cash & Earnings QualityCash21/25

Grade capped at D — Negative equity — the balance sheet is insolvent. Strongest: Cash & Earnings Quality (21/25); weakest: Balance Sheet & Red Flags (7/25).

Price & Volume
Market Cap $2.63B

Bausch Health Companies Inc. operates as a diversified specialty pharmaceutical and medical device company. It operates through five segments: Salix, International, Solta Medical, Diversified, and Bausch + Lomb. The company develops, manufactures, and markets products primarily in the therapeutic areas of gastroenterology, hepatology, neurology and dermatology, generic and branded generic pharmaceuticals, dentistry products, over-the-counter products, aesthetic medical devices, and eye health. The company sells its products in the United States, China, Canada, Poland, Mexico, France, South Korea, Russia, Japan, Germany, the United Kingdom, Spain, Italy, and internationally. The company was formerly known as Valeant Pharmaceuticals International, Inc. and changed its name to Bausch Health Companies Inc. in July 2018. Bausch Health Companies Inc. is headquartered in Laval, Canada.

Moat Signals

Competitive analysis based on 65 quarters of fundamental data

Pricing Power

Weak Moat

Operating margins are under pressure, averaging 11.6%. The business may lack pricing power or face rising costs.'

Competitive Advantage

Moderate Moat

Limited ROE data for a reliable assessment.

Risk Signals

Data-driven red flags and warnings across 65 quarters

Some Concerns

Margin Pressure

Red Flag

Operating margins dropped 55.9% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Leverage Risk

Healthy

Limited debt-to-equity data available.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Healthy

Free cash flow is consistently positive — the business self-funds without external capital reliance.

Share Dilution

Healthy

Share count is stable — no significant dilution or buyback activity.

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$10.85B
7Q
Q. Revenue
$2.85B
13%
TTM EBITDA
$2.06B
28%
TTM Op. Income
$883.00M
45%
Q. Op. Income
$740.00M
67%
TTM Net Income
$-1.10B
1220%
Q. Net Income
$258.00M
74%
EPS
$0.69
72%
Shares Out.
$375.00M
7Q
$10.85B in TTM revenue grew 10.1% YoY, reaching $2.85B last quarter. TTM EBITDA of $2.06B and TTM operating income of $883.00M shows growth is flowing through. However, net income is negative at $1.10B — growth is not yet reaching the bottom line. Revenue is growing at a healthy pace — a signal to hold. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — a improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
35.8%
21%
Op. Margin
25.9%
48%
Net Margin
9.0%
55%
Op. margin of 25.9% is up 8.4% YoY — cost efficiency is improving. Net margin at 9.0%. Over the past year, Operating margin is up 48% — a improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
N/A
P/S Ratio
0.2x
3%
P/B Ratio
N/A
P/S of 0.2x and P/B of 0.0x. A low P/S may indicate the stock is undervalued. Over the past year, P/E is up 0% — a deteriorating trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$24.79B
9%
Cash
$1.82B
6%
Long-Term Debt
$19.88B
5%
Book Value
$-1.77B
132%
D/E Ratio
N/A
Debt/EBITDA
19.5
47%

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$670.00M
132%
TTM Free Cash Flow
$1.43B
2Q
FCF Margin
13.2%
17%
FCF / Net Income
-1.3
2Q
TTM FCF of $1.43B on $670.00M in operating cash flow. The FCF / Net Income ratio of -1.3x shows cash consumption — the business is not yet self-funding. Across the last 8 quarters, Free cash flow has risen for 2 consecutive quarters — a improving trend.

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Cash Generation

Strong Moat

Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.

Demand Durability

Strong Moat

TTM revenue has grown consistently (7 of 7 quarters up), with ~14.6% growth over the period. Strong demand durability.