Bausch + Lomb Corporation Financials
Bausch + Lomb Corporation (BLCO) reported $5.1B in revenue for fiscal year 2025, up 6.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue is expanding, but higher selling costs, a rising interest burden, and heavier reinvestment keep cash generation pinned down.
Interest expense reached$421M in FY2025 while operating income was only$113M , so reported losses are being shaped as much by financing structure as by operating softness. Meanwhile, operating cash flow recovered from-$17M in FY2023 to$283M in FY2025, yet free cash flow stayed negative because reinvestment rose with the business, so better cash conversion has not yet become surplus cash.
From FY2023 to FY2025, revenue climbed from
Near-term liquidity looks workable, with a current ratio of 1.6x and cash of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Bausch + Lomb Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Bausch + Lomb Corporation has an operating margin of 2.2%, meaning the company retains $2 of operating profit per $100 of revenue. This results in a moderate score of 47/100, indicating healthy but not exceptional operating efficiency. This is down from 3.4% the prior year.
Bausch + Lomb Corporation's revenue grew 6.5% year-over-year to $5.1B, a solid pace of expansion. This earns a growth score of 67/100.
Bausch + Lomb Corporation has elevated debt relative to equity (D/E of 0.78), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 5/100, reflecting increased financial risk.
Bausch + Lomb Corporation's current ratio of 1.55 indicates adequate short-term liquidity, earning a score of 42/100. The company can meet its near-term obligations, though with limited headroom.
While Bausch + Lomb Corporation generated $283.0M in operating cash flow, capex of $349.0M consumed most of it, leaving -$66.0M in free cash flow. This results in a low score of 25/100, reflecting heavy capital investment rather than weak cash generation.
Bausch + Lomb Corporation posts a -5.6% return on equity (ROE), meaning it loses $6 for every $100 of shareholders' equity. This results in a returns score of 43/100. This is down from -4.9% the prior year.
Bausch + Lomb Corporation scores 0.87, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($6.1B) relative to total liabilities ($7.5B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Bausch + Lomb Corporation passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Bausch + Lomb Corporation reported a net loss of $360.0M while generating $283.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Bausch + Lomb Corporation earns $0.27 in operating income for every $1 of interest expense ($113.0M vs $421.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Bausch + Lomb Corporation generated $5.1B in revenue in fiscal year 2025. This represents an increase of 6.5% from the prior year.
Bausch + Lomb Corporation's EBITDA was $534.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 10.7% from the prior year.
Bausch + Lomb Corporation reported -$360.0M in net income in fiscal year 2025. This represents a decrease of 13.6% from the prior year.
Bausch + Lomb Corporation earned -$1.02 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 13.3% from the prior year.
Cash & Balance Sheet
Bausch + Lomb Corporation recorded an outflow of $66.0M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 11.9% from the prior year.
Bausch + Lomb Corporation held $383.0M in cash against $5.0B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Bausch + Lomb Corporation's operating margin was 2.2% in fiscal year 2025, reflecting core business profitability. This is down 1.2 percentage points from the prior year.
Bausch + Lomb Corporation's net profit margin was -7.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.4 percentage points from the prior year.
Bausch + Lomb Corporation's ROE was -5.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.7 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Bausch + Lomb Corporation invested $371.0M in research and development in fiscal year 2025. This represents an increase of 8.2% from the prior year.
Bausch + Lomb Corporation invested $349.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 19.9% from the prior year.
Not reported for fiscal year 2025.
BLCO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Revenue | $5.3B | $5.1B+6.5% | $4.8B+15.6% | $4.1B+10.0% | $3.8B+0.1% | $3.8B+10.3% | $3.4B |
| R&D Expenses | $404.0M | $371.0M+8.2% | $343.0M+5.9% | $324.0M+5.5% | $307.0M+13.3% | $271.0M+7.1% | $253.0M |
| SG&A Expenses | $2.2B | $2.2B+7.3% | $2.1B+19.9% | $1.7B+17.5% | $1.5B+6.4% | $1.4B+10.9% | $1.3B |
| Operating Income | $323.0M | $113.0M-30.2% | $162.0M+24.6% | $130.0M-37.2% | $207.0M-37.1% | $329.0M+26.5% | $260.0M |
| Interest Expense | $389.0M | $421.0M+5.5% | $399.0M+41.0% | $283.0M+93.8% | $146.0M | $0 | $0 |
| Income Tax | $98.0M | $35.0M-50.7% | $71.0M-13.4% | $82.0M+41.4% | $58.0M-53.6% | $125.0M-59.3% | $307.0M |
| Net Income | -$171.0M | -$360.0M-13.6% | -$317.0M-21.9% | -$260.0M-4433.3% | $6.0M-96.7% | $182.0M+1111.1% | -$18.0M |
| EPS (Diluted) | — | -$1.02-13.3% | -$0.90-21.6% | -$0.74-3800.0% | $0.02-96.2% | $0.52+1140.0% | -$0.05 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
BLCO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Total Assets | $14.0B+4.1% | $13.5B+0.2% | $13.4B+20.6% | $11.1B+3.0% | $10.8B | N/A |
| Current Assets | $3.0B+6.8% | $2.8B+1.7% | $2.7B+28.3% | $2.1B+30.7% | $1.6B | N/A |
| Cash & Equivalents | $383.0M+25.6% | $305.0M-7.9% | $331.0M-6.5% | $354.0M+103.4% | $174.0M-26.9% | $238.0M |
| Inventory | $976.0M-5.8% | $1.0B+0.8% | $1.0B+63.7% | $628.0M+9.8% | $572.0M | N/A |
| Goodwill | $4.8B+5.2% | $4.5B-1.1% | $4.6B+1.5% | $4.5B-1.7% | $4.6B-2.1% | $4.7B |
| Total Liabilities | $7.5B+8.3% | $6.9B+6.2% | $6.5B+61.3% | $4.0B+184.5% | $1.4B | N/A |
| Current Liabilities | $1.9B+10.5% | $1.7B+10.1% | $1.6B+21.8% | $1.3B+17.9% | $1.1B | N/A |
| Long-Term Debt | $5.0B+5.8% | $4.7B+4.7% | $4.5B+88.0% | $2.4B | $0 | N/A |
| Total Equity | $6.4B-0.4% | $6.5B-5.5% | $6.8B-2.6% | $7.0B-24.6% | $9.3B-6.6% | $10.0B |
| Retained Earnings | -$931.0M-63.0% | -$571.0M-124.8% | -$254.0M-4333.3% | $6.0M | $0 | N/A |
Not reported in any period shown, so not listed: Accounts Receivable.
BLCO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $458.0M | $283.0M+22.0% | $232.0M+1464.7% | -$17.0M-104.9% | $345.0M-60.5% | $873.0M+67.2% | $522.0M |
| Capital Expenditures | $321.0M | $349.0M+19.9% | $291.0M+60.8% | $181.0M+3.4% | $175.0M-9.3% | $193.0M-23.7% | $253.0M |
| Free Cash Flow | $137.0M | -$66.0M-11.9% | -$59.0M+70.2% | -$198.0M-216.5% | $170.0M-75.0% | $680.0M+152.8% | $269.0M |
| Investing Cash Flow | -$466.0M | -$455.0M-10.4% | -$412.0M+80.5% | -$2.1B-880.9% | -$215.0M-0.5% | -$214.0M+16.4% | -$256.0M |
| Financing Cash Flow | $118.0M | $225.0M+26.4% | $178.0M-91.4% | $2.1B+2465.4% | $81.0M+111.4% | -$712.0M-206.9% | -$232.0M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
BLCO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Operating Margin | 2.2%-1.2pp | 3.4%+0.2pp | 3.1%-2.4pp | 5.5%-3.3pp | 8.7%+1.1pp | 7.6% |
| Net Margin | -7.1%-0.4pp | -6.6%-0.3pp | -6.3%-6.4pp | 0.2%-4.7pp | 4.8%+5.4pp | -0.5% |
| Return on Equity | -5.6%-0.7pp | -4.9%-1.1pp | -3.8%-3.9pp | 0.1%-1.9pp | 1.9%+2.1pp | -0.2% |
| Return on Assets | -2.6%-0.2pp | -2.4%-0.4pp | -1.9%-2.0pp | 0.1%-1.6pp | 1.7% | N/A |
| Current Ratio | 1.55-0.1x | 1.60-0.1x | 1.74+0.1x | 1.65+0.2x | 1.49 | N/A |
| Debt-to-Equity | 0.780.0x | 0.73+0.1x | 0.66+0.3x | 0.34+0.3x | 0.00 | N/A |
| FCF Margin | -1.3%-0.1pp | -1.2%+3.6pp | -4.8%-9.3pp | 4.5%-13.6pp | 18.1%+10.2pp | 7.9% |
Not reported in any period shown, so not listed: Gross Margin.
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Where Bausch + Lomb Corporation Ranks
Frequently Asked Questions
What is Bausch + Lomb Corporation's annual revenue?
Bausch + Lomb Corporation (BLCO) reported $5.1B in total revenue for fiscal year 2025. This represents a 6.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Bausch + Lomb Corporation's revenue growing?
Bausch + Lomb Corporation (BLCO) revenue grew by 6.5% year-over-year, from $4.8B to $5.1B in fiscal year 2025.
Is Bausch + Lomb Corporation profitable?
No, Bausch + Lomb Corporation (BLCO) reported a net income of -$360.0M in fiscal year 2025, with a net profit margin of -7.1%.
What is Bausch + Lomb Corporation's EBITDA?
Bausch + Lomb Corporation (BLCO) had EBITDA of $534.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Bausch + Lomb Corporation have?
As of fiscal year 2025, Bausch + Lomb Corporation (BLCO) had $383.0M in cash and equivalents against $5.0B in long-term debt.
What is Bausch + Lomb Corporation's operating margin?
Bausch + Lomb Corporation (BLCO) had an operating margin of 2.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Bausch + Lomb Corporation's net profit margin?
Bausch + Lomb Corporation (BLCO) had a net profit margin of -7.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Bausch + Lomb Corporation's return on equity (ROE)?
Bausch + Lomb Corporation (BLCO) has a return on equity of -5.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Bausch + Lomb Corporation's free cash flow?
Bausch + Lomb Corporation (BLCO) recorded an outflow of $66.0M in free cash flow during fiscal year 2025. This represents a -11.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Bausch + Lomb Corporation's operating cash flow?
Bausch + Lomb Corporation (BLCO) generated $283.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Bausch + Lomb Corporation's total assets?
Bausch + Lomb Corporation (BLCO) had $14.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Bausch + Lomb Corporation's capital expenditures?
Bausch + Lomb Corporation (BLCO) invested $349.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Bausch + Lomb Corporation spend on research and development?
Bausch + Lomb Corporation (BLCO) invested $371.0M in research and development during fiscal year 2025.
What is Bausch + Lomb Corporation's current ratio?
Bausch + Lomb Corporation (BLCO) had a current ratio of 1.55 as of fiscal year 2025, which is generally considered healthy.
What is Bausch + Lomb Corporation's debt-to-equity ratio?
Bausch + Lomb Corporation (BLCO) had a debt-to-equity ratio of 0.78 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Bausch + Lomb Corporation's return on assets (ROA)?
Bausch + Lomb Corporation (BLCO) had a return on assets of -2.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Bausch + Lomb Corporation's Altman Z-Score?
Bausch + Lomb Corporation (BLCO) has an Altman Z-Score of 0.87, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Bausch + Lomb Corporation's Piotroski F-Score?
Bausch + Lomb Corporation (BLCO) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Bausch + Lomb Corporation's earnings high quality?
Bausch + Lomb Corporation (BLCO) reported a net loss of $360.0M while generating $283.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Bausch + Lomb Corporation cover its interest payments?
Bausch + Lomb Corporation (BLCO) has an interest coverage ratio of 0.27x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Bausch + Lomb Corporation?
Bausch + Lomb Corporation (BLCO) scores 38 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.