Bausch Health Companies vs Viatris
Viatris reported revenue of $14.3 billion in fiscal 2025, 1.4 times Bausch Health Companies' $10.3 billion in fiscal 2025. Bausch Health Companies' revenue grew 6.7% in its latest year, and Viatris' fell 3.0%. Bausch Health Companies had an operating margin of 17.7%, against -18.6% at Viatris. Free cash flow was $1.0 billion at Bausch Health Companies and $1.9 billion at Viatris.
Side by side
| Bausch Health Companies | Viatris | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $10.3B | $14.3B |
| Revenue growth | 6.7% | −3.0% |
| Revenue growth a year, last 5 years | 5.0% | 3.7% |
| Gross margin | — | 35.1% |
| Operating margin | 17.7% | −18.6% |
| Net margin | 1.5% | −24.6% |
| Free cash flow | $1.0B | $1.9B |
| Free cash flow margin | 9.8% | 13.6% |
| Return on capital | 4.5% | −7.0% |
| Net debt to EBITDA | 6.5x | 96.5x |
| Dividends and buybacks | $0M | $500M |
| Change in diluted share count | 1.9% | −1.9% |
| Last close | $6.35 | $18.29 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | bought $15.6 million, sold $506,730 | bought $2,222, sold $1.1 million |
| Piotroski F-score | 7 of 8 | 4 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Bausch Health CompaniesViatris
Operating margin
Percent of revenue
Bausch Health CompaniesViatris
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Bausch Health CompaniesViatris
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Bausch Health Companies and Viatris pages.