NYSE : BLCO
Bausch + Lomb Corporation — Financial statements
Healthcare · Medical Instruments & Supplies · Canada
Last price 20.4 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 7.29B
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Financial statements
Bausch + Lomb Corporation (BLCO) reported revenue of 5.42B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 5.40B | 5.08B | 4.77B | 4.13B | 3.75B | 3.74B |
| Other Revenue | 21.00M | 21.00M | 17.00M | 15.00M | 22.00M | 28.00M |
| Revenue | 5.42B | 5.10B | 4.79B | 4.15B | 3.77B | 3.77B |
| Cost of Revenue | 2.03B | 2.05B | 1.87B | 1.64B | 1.52B | 1.47B |
| Gross Profit | 3.39B | 3.05B | 2.92B | 2.50B | 2.25B | 2.30B |
| Selling, General & Admin | 2.25B | 2.23B | 2.08B | 1.74B | 1.48B | 1.39B |
| Research & Development | 400.00M | 371.00M | 343.00M | 324.00M | 307.00M | 271.00M |
| Amortization of Goodwill & Intangibles | 227.00M | 258.00M | 288.00M | 240.00M | 244.00M | 292.00M |
| Other Operating Expenses | -1.00M | |||||
| Operating Expenses | 2.88B | 2.86B | 2.71B | 2.30B | 2.03B | 1.95B |
| Operating Income | 510.00M | 188.00M | 206.00M | 204.00M | 220.00M | 347.00M |
| Interest Expense | -383.00M | -421.00M | -399.00M | -283.00M | -146.00M | |
| Interest & Investment Income | 13.00M | 12.00M | 15.00M | 15.00M | 6.00M | |
| Currency Exchange Gain (Loss) | -16.00M | -15.00M | -12.00M | -28.00M | 6.00M | -11.00M |
| EBT Excluding Unusual Items | 124.00M | -236.00M | -190.00M | -92.00M | 86.00M | 336.00M |
| Merger & Restructuring Charges | -42.00M | -65.00M | -30.00M | -69.00M | -15.00M | -2.00M |
| Gain (Loss) on Sale of Assets | 3.00M | 6.00M | 5.00M | |||
| Asset Writedown | -13.00M | -5.00M | -1.00M | -12.00M | ||
| Legal Settlements | -22.00M | -10.00M | -5.00M | -3.00M | -1.00M | 1.00M |
| Other Unusual Items | -34.00M | 21.00M | 9.00M | -2.00M | 5.00M | |
| Pretax Income | -4.00M | -317.00M | -234.00M | -166.00M | 73.00M | 318.00M |
| Income Tax Expense | 99.00M | 35.00M | 71.00M | 82.00M | 58.00M | 125.00M |
| Earnings From Continuing Operations | -103.00M | -352.00M | -305.00M | -248.00M | 15.00M | 193.00M |
| Minority Interest in Earnings | -8.00M | -8.00M | -12.00M | -12.00M | -9.00M | -11.00M |
| Net Income | -111.00M | -360.00M | -317.00M | -260.00M | 6.00M | 182.00M |
| Net Income to Common | -111.00M | -360.00M | -317.00M | -260.00M | 6.00M | 182.00M |
| Shares Outstanding (Basic) | 356.05M | 353.80M | 351.80M | 350.50M | 350.00M | 350.00M |
| Shares Outstanding (Diluted) | 356.05M | 353.80M | 351.80M | 350.50M | 350.20M | 350.00M |
| EPS (Basic) | -0.31 | -1.02 | -0.90 | -0.74 | 0.02 | 0.52 |
| EPS (Diluted) | -0.31 | -1.02 | -0.90 | -0.74 | 0.02 | 0.52 |
| Free Cash Flow | 252.00M | -66.00M | -59.00M | -198.00M | 170.00M | 680.00M |
| Free Cash Flow Per Share | 0.71 | -0.19 | -0.17 | -0.56 | 0.48 | 1.94 |
| Gross Margin | 62.55% | 59.81% | 60.93% | 60.40% | 59.69% | 61.04% |
| Operating Margin | 9.41% | 3.69% | 4.30% | 4.92% | 5.84% | 9.22% |
| Profit Margin | -2.05% | -7.06% | -6.62% | -6.27% | 0.16% | 4.83% |
| Free Cash Flow Margin | 4.65% | -1.29% | -1.23% | -4.78% | 4.51% | 18.06% |
| EBITDA | 914.00M | 609.00M | 642.00M | 586.00M | 599.00M | 762.00M |
| EBITDA Margin | 16.87% | 11.94% | 13.40% | 14.13% | 15.90% | 20.24% |
| D&A For EBITDA | 404.00M | 421.00M | 436.00M | 382.00M | 379.00M | 415.00M |
| EBIT | 510.00M | 188.00M | 206.00M | 204.00M | 220.00M | 347.00M |
| EBIT Margin | 9.41% | 3.69% | 4.30% | 4.92% | 5.84% | 9.22% |
| Effective Tax Rate | 79.45% | 39.31% | ||||
| Revenue as Reported | 5.42B | 5.10B | 4.79B | 4.15B | 3.77B | 3.77B |
| Advertising Expenses | 495.00M | 528.00M | 375.00M | 335.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 513.00M | 383.00M | 305.00M | 331.00M | 354.00M | 174.00M |
| Cash & Short-Term Investments | 513.00M | 383.00M | 305.00M | 331.00M | 354.00M | 174.00M |
| Accounts Receivable | 1.15B | 1.22B | 1.03B | 839.00M | 724.00M | 721.00M |
| Other Receivables | 1.00M | 6.00M | 36.00M | 90.00M | ||
| Receivables | 1.15B | 1.22B | 1.03B | 875.00M | 814.00M | 721.00M |
| Inventory | 1.01B | 976.00M | 1.04B | 1.03B | 628.00M | 572.00M |
| Prepaid Expenses | 384.00M | 377.00M | 391.00M | 498.00M | 304.00M | 165.00M |
| Restricted Cash | 2.00M | 14.00M | 11.00M | 3.00M | 26.00M | 3.00M |
| Other Current Assets | 2.00M | 5.00M | 13.00M | 7.00M | 11.00M | |
| Total Current Assets | 3.06B | 2.98B | 2.79B | 2.74B | 2.14B | 1.64B |
| Property, Plant & Equipment | 1.81B | 1.92B | 1.64B | 1.50B | 1.42B | 1.34B |
| Goodwill | 4.71B | 4.76B | 4.52B | 4.58B | 4.51B | 4.59B |
| Other Intangible Assets | 3.13B | 3.28B | 3.49B | 3.59B | 2.06B | 2.26B |
| Long-Term Deferred Tax Assets | 963.00M | 934.00M | 885.00M | 921.00M | 927.00M | 933.00M |
| Other Long-Term Assets | 284.00M | 150.00M | 143.00M | 111.00M | 96.00M | 68.00M |
| Total Assets | 13.96B | 14.02B | 13.47B | 13.44B | 11.14B | 10.82B |
| Accounts Payable | 367.00M | 388.00M | 389.00M | 522.00M | 370.00M | 239.00M |
| Accrued Expenses | 887.00M | 927.00M | 794.00M | 561.00M | 500.00M | 456.00M |
| Short-Term Debt | 28.00M | |||||
| Current Portion of Long-Term Debt | 45.00M | 39.00M | 40.00M | 30.00M | 25.00M | |
| Current Portion of Leases | 38.00M | 32.00M | 27.00M | 20.00M | ||
| Other Current Liabilities | 661.00M | 528.00M | 483.00M | 439.00M | 401.00M | 356.00M |
| Total Current Liabilities | 1.96B | 1.92B | 1.74B | 1.58B | 1.30B | 1.10B |
| Long-Term Debt | 5.05B | 5.04B | 4.74B | 4.53B | 2.41B | |
| Long-Term Leases | 125.00M | 120.00M | 87.00M | 92.00M | 92.00M | |
| Pension & Post-Retirement Benefits | 53.00M | 56.00M | 61.00M | 63.00M | 77.00M | |
| Long-Term Deferred Tax Liabilities | 19.00M | 19.00M | 13.00M | 14.00M | 7.00M | 24.00M |
| Other Long-Term Liabilities | 420.00M | 343.00M | 254.00M | 249.00M | 174.00M | 129.00M |
| Total Liabilities | 7.45B | 7.50B | 6.92B | 6.52B | 4.04B | 1.42B |
| Common Stock | 10.36B | |||||
| Additional Paid-In Capital | 8.65B | 8.56B | 8.43B | 8.35B | 8.29B | |
| Retained Earnings | -984.00M | -931.00M | -571.00M | -254.00M | 6.00M | |
| Comprehensive Income & Other | -1.22B | -1.18B | -1.39B | -1.25B | -1.26B | -1.03B |
| Total Common Equity | 6.44B | 6.45B | 6.47B | 6.85B | 7.03B | 9.33B |
| Minority Interest | 71.00M | 71.00M | 71.00M | 70.00M | 68.00M | 73.00M |
| Shareholders' Equity | 6.51B | 6.52B | 6.54B | 6.92B | 7.10B | 9.40B |
| Total Liabilities & Equity | 13.96B | 14.02B | 13.47B | 13.44B | 11.14B | 10.82B |
| Total Debt | 5.09B | 5.25B | 4.94B | 4.68B | 2.53B | 140.00M |
| Net Cash (Debt) | -4.58B | -4.86B | -4.63B | -4.34B | -2.17B | 34.00M |
| Net Cash Per Share | -12.87 | -13.74 | -13.16 | -12.40 | -6.21 | 0.10 |
| Filing Date Shares Outstanding | 357.50M | 354.32M | 352.47M | 350.99M | 350.00M | 350.00M |
| Total Common Shares Outstanding | 357.39M | 354.21M | 352.40M | 350.91M | 350.00M | 350.00M |
| Working Capital | 1.09B | 1.06B | 1.05B | 1.16B | 841.00M | 536.00M |
| Book Value Per Share | 18.02 | 18.20 | 18.37 | 19.52 | 20.09 | 26.65 |
| Tangible Book Value | -1.41B | -1.59B | -1.54B | -1.31B | 468.00M | 2.48B |
| Tangible Book Value Per Share | -3.93 | -4.49 | -4.38 | -3.74 | 1.34 | 7.08 |
| Land | 47.00M | 43.00M | 45.00M | 44.00M | 46.00M | |
| Buildings | 743.00M | 632.00M | 624.00M | 614.00M | 484.00M | |
| Machinery | 2.34B | 2.04B | 2.00B | 1.92B | 1.49B | |
| Construction In Progress | 525.00M | 458.00M | 347.00M | 237.00M | 527.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -111.00M | -360.00M | -317.00M | -260.00M | 6.00M | 182.00M |
| Depreciation & Amortization | 404.00M | 421.00M | 436.00M | 382.00M | 379.00M | 415.00M |
| Loss (Gain) From Sale of Assets | -3.00M | -6.00M | -5.00M | |||
| Asset Writedown & Restructuring Costs | 13.00M | 5.00M | 1.00M | 12.00M | ||
| Stock-Based Compensation | 173.00M | 149.00M | 92.00M | 74.00M | 62.00M | 62.00M |
| Provision & Write-off of Bad Debts | 33.00M | 31.00M | 26.00M | 21.00M | 25.00M | 37.00M |
| Other Operating Activities | 102.00M | 30.00M | 82.00M | 53.00M | -109.00M | 137.00M |
| Change in Accounts Receivable | -66.00M | -148.00M | -227.00M | -121.00M | -95.00M | -107.00M |
| Change in Inventory | -37.00M | 38.00M | -147.00M | -264.00M | -106.00M | -15.00M |
| Change in Accounts Payable | 59.00M | 108.00M | 126.00M | 245.00M | 189.00M | 163.00M |
| Change in Other Net Operating Assets | -13.00M | 20.00M | 161.00M | -147.00M | -7.00M | -13.00M |
| Operating Cash Flow | 554.00M | 283.00M | 232.00M | -17.00M | 345.00M | 873.00M |
| Capital Expenditures | -302.00M | -349.00M | -291.00M | -181.00M | -175.00M | -193.00M |
| Sale of Property, Plant & Equipment | 3.00M | 7.00M | 2.00M | 1.00M | ||
| Cash Acquisitions | -185.00M | -122.00M | -138.00M | -1.94B | -45.00M | -16.00M |
| Investment in Securities | -3.00M | -3.00M | 2.00M | -1.00M | 5.00M | -5.00M |
| Other Investing Activities | 9.00M | 12.00M | 13.00M | 13.00M | ||
| Investing Cash Flow | -478.00M | -455.00M | -412.00M | -2.11B | -215.00M | -214.00M |
| Short-Term Debt Issued | 31.00M | 28.00M | ||||
| Long-Term Debt Issued | 3.36B | 631.00M | 2.28B | 2.44B | ||
| Total Debt Issued | 3.07B | 3.36B | 631.00M | 2.28B | 2.47B | 28.00M |
| Long-Term Debt Repaid | -3.10B | -430.00M | -161.00M | -13.00M | ||
| Net Debt Issued (Repaid) | 146.00M | 261.00M | 201.00M | 2.12B | 2.46B | 28.00M |
| Repurchase of Common Stock | -29.00M | -15.00M | -12.00M | -10.00M | ||
| Other Financing Activities | -11.00M | -21.00M | -11.00M | -27.00M | -2.38B | -740.00M |
| Financing Cash Flow | 108.00M | 225.00M | 178.00M | 2.08B | 81.00M | -712.00M |
| Foreign Exchange Rate Adjustments | -1.00M | 28.00M | -16.00M | 2.00M | -8.00M | -8.00M |
| Net Cash Flow | 183.00M | 81.00M | -18.00M | -46.00M | 203.00M | -61.00M |
| Free Cash Flow | 252.00M | -66.00M | -59.00M | -198.00M | 170.00M | 680.00M |
| Free Cash Flow Margin | 4.65% | -1.29% | -1.23% | -4.78% | 4.51% | 18.06% |
| Free Cash Flow Per Share | 0.71 | -0.19 | -0.17 | -0.56 | 0.48 | 1.94 |
| Levered Free Cash Flow | 404.38M | 141.38M | 188.38M | -151.38M | 210.25M | 615.88M |
| Unlevered Free Cash Flow | 643.75M | 404.50M | 437.75M | 25.50M | 301.50M | 615.88M |
| Cash Interest Paid | 380.00M | 380.00M | 415.00M | 238.00M | 132.00M | |
| Cash Income Tax Paid | 59.00M | 59.00M | 91.00M | 64.00M | 83.00M | 53.00M |
| Change in Working Capital | -57.00M | 18.00M | -87.00M | -287.00M | -19.00M | 28.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 7.15B | 6.05B | 6.36B | 5.99B | 5.43B | |
| Enterprise Value | 11.73B | 10.76B | 10.73B | 10.16B | 7.65B | |
| Last Close Price | 20.00 | 17.08 | 18.06 | 17.06 | 15.51 | |
| PE Ratio | 904.75 | |||||
| Forward PE | 16.91 | 20.82 | 22.49 | 25.63 | 16.06 | |
| PS Ratio | 1.32 | 1.19 | 1.33 | 1.44 | 1.44 | |
| PB Ratio | 1.11 | 0.93 | 0.97 | 0.86 | 0.76 | |
| P/TBV Ratio | 11.60 | |||||
| P/FCF Ratio | 28.37 | 31.93 | ||||
| P/OCF Ratio | 12.91 | 21.38 | 27.41 | 15.73 | ||
| PEG Ratio | 0.42 | 0.97 | 3.69 | 6.22 | 2.93 | |
| EV/Sales Ratio | 2.17 | 2.11 | 2.24 | 2.45 | 2.03 | |
| EV/EBITDA Ratio | 12.84 | 17.67 | 16.72 | 17.34 | 12.76 | |
| EV/EBIT Ratio | 23.00 | 57.24 | 52.10 | 49.81 | 34.75 | |
| EV/FCF Ratio | 46.56 | 44.97 | ||||
| Debt / Equity Ratio | 0.78 | 0.81 | 0.75 | 0.68 | 0.36 | 0.01 |
| Debt / EBITDA Ratio | 5.21 | 7.79 | 7.07 | 7.39 | 3.93 | 0.17 |
| Debt / FCF Ratio | 20.22 | 14.87 | 0.21 | |||
| Net Debt / Equity Ratio | 0.70 | 0.75 | 0.71 | 0.63 | 0.31 | -0.00 |
| Net Debt / EBITDA Ratio | 5.01 | 7.98 | 7.21 | 7.42 | 3.63 | -0.04 |
| Net Debt / FCF Ratio | 18.18 | -73.67 | -78.49 | -21.94 | 12.79 | -0.05 |
| Asset Turnover | 0.39 | 0.37 | 0.36 | 0.34 | 0.34 | 0.34 |
| Inventory Turnover | 2.02 | 2.04 | 1.81 | 1.98 | 2.53 | 2.47 |
| Quick Ratio | 0.85 | 0.84 | 0.77 | 0.76 | 0.90 | 0.81 |
| Current Ratio | 1.56 | 1.55 | 1.60 | 1.74 | 1.65 | 1.49 |
| Return on Equity (ROE) | -1.58% | -5.39% | -4.53% | -3.54% | 0.18% | 1.99% |
| Return on Assets (ROA) | 2.29% | 0.85% | 0.96% | 1.04% | 1.25% | 1.96% |
| Return on Invested Capital (ROIC) | 4.58% | 1.67% | 1.84% | 1.99% | 0.48% | 2.19% |
| Return on Capital Employed (ROCE) | 4.30% | 1.60% | 1.80% | 1.70% | 2.20% | 3.60% |
| Earnings Yield | -1.57% | -5.95% | -4.98% | -4.34% | 0.11% | |
| FCF Yield | 3.52% | -1.09% | -0.93% | -3.31% | 3.13% | |
| Buyback Yield / Dilution | -0.80% | -0.57% | -0.37% | -0.09% | -0.06% |