BHC · NYSE · Drug Manufacturers - Specialty & Generic

Bausch Health (BHC)

Sells specialty medicines, medical devices and eye-health products through Bausch + Lomb.

$5.73
vs last close+0.08 (+1.51%)
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Bausch Health Companies Inc.BHC
Health Care

Sells medicines, OTC products and aesthetic devices across gastroenterology, hepatology, neurology and dermatology, while controlling Bausch + Lomb's eye-health business. Its portfolio combines specialty pharmaceuticals and medical devices across international markets.

Develops, manufactures and markets branded, generic and branded-generic medicines, over-the-counter products and aesthetic medical devices. Its therapeutic focus spans gastroenterology, hepatology, neurology and dermatology, with Salix serving as a named specialty-pharma business.

Bausch + Lomb supplies eye-health products through vision-care, surgical and ophthalmic businesses; Bausch Health retains control of the separately traded subsidiary. International, Diversified and Solta Medical complement the parent's operating structure.

Products are marketed directly or indirectly in more than 90 countries and regions. The business combines pharmaceutical and medical-device operations, while control of Bausch + Lomb remains a defining structural feature.

Company facts

CEOThomas J. Appio
ListedMar 29, 1994
ExchangeNYSE
HeadquartersBridgewater, NJ
CountryCanada
Employees20,300
CIK0000885590
ISINCA0717341071

Market cap$2.11B
EPS (ttm)−$2.95
P/E (ttm)−1.91
ROE
P/B
P/S0.1944
Dividend yieldDiv yield
Beta0.95vs XLV 0.38

Price target$8.50+50.7%Average of 38 analysts
ConsensusBuy19 of 38 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Jan 7, 2026Truist FinancialTarget
Target: $7
Target: $8
Dec 8, 2025BarclaysTarget
Target:
Target: $8
Feb 6, 2025JefferiesDowngrade
Rating: Buy
Rating: Hold

Next report
Oct 28, 26
in 36 days
EPS estimate
$1.19
Revenue estimate
$2.74B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$1.15$0.59$0.90$1.16$1.08$0.78$1.26Pending
Estimate$1.65$0.83$0.97$1.07$1.21$0.81$0.96$1.19
Surprise−30.3%−28.9%−7.2%+8.4%−10.7%−3.7%+31.3%

RevenueReportedEstimate

Feb '25Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$2.56B$2.26B$2.53B$2.68B$2.79B$2.47B$2.81BPending
Estimate$2.29B$2.48B$2.58B$2.71B$2.73B$2.37B$2.59B$2.74B
Surprise+11.9%−8.9%−2.1%−1.0%+2.1%+4.3%+8.7%
Estimate$1.19
ReportedDue Oct 28, 2026
Estimate$2.74B
ReportedDue Oct 28, 2026
View details

Current ratio143.50%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$2.51B$2.56B$2.26B$2.53B$2.68B$2.80B$2.52B$2.85B
Net income−$85.0M$93.0M−$58.0M$148.0M$179.0M−$112.0M−$1.42B$258.0M
Net margin0.0%3.6%0.0%5.8%6.7%0.0%0.0%9.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$318.0M$558.0M$292.0M$457.0M$636.0M$829.0M$521.0M$775.0M
YoY growth+2,171.4%+54.1%+3.9%+17.5%+100.0%+48.6%+78.4%+69.6%

Balance sheet, Jun 30, 2026Cash & short-term investments $1.83B · Total debt $20.78B · Total assets $24.79B · Shareholders' equity −$1.77B

Revenue
$2.85B
Operating income
$775.0M
Net income
$258.0M
View details

No dividends on record.

Institutions63.99%239.32M shares
243 holders · as of Jun 30, 2026
Insiders22.48%84.08M shares
21 holders · as of Aug 20, 2026
Other13.53%50.59M shares
remainder

373.99M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Paulson & Co. Inc.Institution
19.59%73.26Mas of Jun 30, 2026
Alex MerueloInsider
9.83%36.76Mfiled Apr 7, 2025
Goldentree Asset Management LPInstitution
9.27%34.67Mas of Jun 30, 2026
Schedule 13dInsider
5.60%20.94Mfiled Jul 27, 2020
Steven A. TananbaumInsider
5.28%19.75Mfiled Feb 13, 2023

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 19, 2026Aimee J. Lenarofficer: President, US Pharma−36,827$7.03
May 19, 2026Frank D. Leedirector−24,456$5.43
Mar 3, 2026Seana Carsonofficer: EVP, General Counsel−4,420$5.77
Mar 2, 2026Seana Carsonofficer: EVP, General Counsel−6,856$5.78
Feb 27, 2026Seana Carsonofficer: EVP, General Counsel−8,388$5.95
View details

  • Alcon

    Eye-health rival across contacts, intraocular lenses and surgery

  • CooperCompanies

    Contact-lens rival in spherical, toric and multifocal lenses

  • Johnson & Johnson

    Vision-care rival in contact lenses and ophthalmic surgery

  • AbbVie

    Ocular-health and aesthetics rival through the Allergan portfolio

  • Teva (ADR)

    Branded and generic pharmaceutical rival in international markets

  • Ironwood Pharmaceuticals

    Direct GI rival in adult IBS-C and chronic idiopathic constipation

  • InMode

    Energy-based aesthetics rival in skin rejuvenation and contouring

Compare

CompanyPriceChange
Bausch Health$5.73+1.51%$2.11B1.30.2+11.2%
Alcon$65.41+0.83%$31.64B49.917.22.9+7.5%
CooperCompanies$55.06+1.73%$10.56B18.512.02.5+0.6%
Johnson & Johnson$269.57+0.04%$649.40B31.222.76.6+6.6%
AbbVie$265.68+0.45%$467.37B74.517.57.3+10.2%
Teva (ADR)$39.54−1.30%$46.66B66.814.12.7−0.8%
Ironwood Pharmaceuticals$4.55+3.13%$725.9M5.73.71.9+32.6%
InMode$14.49−0.09%$833.5M11.811.02.2−0.0%
Median31.214.12.7+6.6%