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Side-by-side financial comparison of Bausch Health Companies Inc. (BHC) and CNH Industrial N.V. (CNH). Click either name above to swap in a different company.

CNH Industrial N.V. is the larger business by last-quarter revenue ($4.5B vs $2.8B, roughly 1.6× Bausch Health Companies Inc.). CNH Industrial N.V. runs the higher net margin — 1.9% vs -3.7%, a 5.6% gap on every dollar of revenue. On growth, Bausch Health Companies Inc. posted the faster year-over-year revenue change (9.3% vs 7.8%). Over the past eight quarters, Bausch Health Companies Inc.'s revenue compounded faster (14.0% CAGR vs 3.8%).

Bausch Health Companies Inc. is a global, diversified American-Canadian pharmaceutical company. Its global corporate headquarters are located in Laval, Quebec, Canada, and its U.S. headquarters are in Bridgewater, New Jersey. It develops, manufactures and markets a range of pharmaceutical products in gastroenterology, hepatology, neurology, dermatology, dentistry, medical aesthetics, and international pharmaceuticals. Bausch Health manufactures and markets branded pharmaceuticals, generic ph...

CNH Industrial NV is an Italian-American multinational corporation with global headquarters in Basildon, United Kingdom, but controlled and mostly owned by the multinational investment company Exor, which in turn is controlled by the Agnelli family. Through its various businesses, CNH Industrial designs, produces, and sells agricultural machinery and construction equipment. Present in all major markets worldwide, CNH Industrial is focused on expanding its presence in high-growth markets, incl...

BHC vs CNH — Head-to-Head

Bigger by revenue
CNH
CNH
1.6× larger
CNH
$4.5B
$2.8B
BHC
Growing faster (revenue YoY)
BHC
BHC
+1.5% gap
BHC
9.3%
7.8%
CNH
Higher net margin
CNH
CNH
5.6% more per $
CNH
1.9%
-3.7%
BHC
Faster 2-yr revenue CAGR
BHC
BHC
Annualised
BHC
14.0%
3.8%
CNH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BHC
BHC
CNH
CNH
Revenue
$2.8B
$4.5B
Net Profit
$-103.0M
$86.0M
Gross Margin
18.4%
Operating Margin
17.0%
3.0%
Net Margin
-3.7%
1.9%
Revenue YoY
9.3%
7.8%
Net Profit YoY
-205.1%
-18.9%
EPS (diluted)
$-0.30
$0.08

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BHC
BHC
CNH
CNH
Q4 25
$2.8B
$4.5B
Q3 25
$2.7B
$3.7B
Q2 25
$2.5B
$4.0B
Q1 25
$2.3B
$3.2B
Q4 24
$2.6B
$4.1B
Q3 24
$2.5B
$4.0B
Q2 24
$2.4B
$4.8B
Q1 24
$2.2B
$4.1B
Net Profit
BHC
BHC
CNH
CNH
Q4 25
$-103.0M
$86.0M
Q3 25
$179.0M
$80.0M
Q2 25
$148.0M
$213.0M
Q1 25
$-58.0M
$131.0M
Q4 24
$98.0M
$106.0M
Q3 24
$-85.0M
$306.0M
Q2 24
$10.0M
$433.0M
Q1 24
$-64.0M
$401.0M
Gross Margin
BHC
BHC
CNH
CNH
Q4 25
18.4%
Q3 25
19.1%
Q2 25
20.6%
Q1 25
19.0%
Q4 24
19.5%
Q3 24
21.7%
Q2 24
22.9%
Q1 24
22.7%
Operating Margin
BHC
BHC
CNH
CNH
Q4 25
17.0%
3.0%
Q3 25
23.1%
1.4%
Q2 25
17.5%
6.8%
Q1 25
12.2%
5.1%
Q4 24
21.8%
5.8%
Q3 24
12.7%
9.6%
Q2 24
16.2%
11.1%
Q1 24
13.1%
11.6%
Net Margin
BHC
BHC
CNH
CNH
Q4 25
-3.7%
1.9%
Q3 25
6.7%
2.2%
Q2 25
5.8%
5.3%
Q1 25
-2.6%
4.1%
Q4 24
3.8%
2.6%
Q3 24
-3.4%
7.7%
Q2 24
0.4%
9.0%
Q1 24
-3.0%
9.7%
EPS (diluted)
BHC
BHC
CNH
CNH
Q4 25
$-0.30
$0.08
Q3 25
$0.48
$0.06
Q2 25
$0.40
$0.17
Q1 25
$-0.16
$0.10
Q4 24
$0.24
$0.10
Q3 24
$-0.23
$0.24
Q2 24
$0.03
$0.34
Q1 24
$-0.17
$0.31

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BHC
BHC
CNH
CNH
Cash + ST InvestmentsLiquidity on hand
$1.3B
$2.6B
Total DebtLower is stronger
$20.8B
Stockholders' EquityBook value
$-554.0M
$7.8B
Total Assets
$26.4B
$42.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHC
BHC
CNH
CNH
Q4 25
$1.3B
$2.6B
Q3 25
$1.3B
$2.3B
Q2 25
$1.7B
$2.5B
Q1 25
$1.1B
$1.7B
Q4 24
$1.2B
$3.2B
Q3 24
$719.0M
$1.8B
Q2 24
$595.0M
$2.0B
Q1 24
$733.0M
$3.2B
Total Debt
BHC
BHC
CNH
CNH
Q4 25
$20.8B
Q3 25
$21.0B
Q2 25
$21.7B
Q1 25
$21.5B
Q4 24
$21.6B
Q3 24
$21.5B
Q2 24
$21.7B
Q1 24
$22.1B
Stockholders' Equity
BHC
BHC
CNH
CNH
Q4 25
$-554.0M
$7.8B
Q3 25
$-565.0M
$7.8B
Q2 25
$-764.0M
$7.8B
Q1 25
$-1.2B
$7.9B
Q4 24
$-1.3B
$7.7B
Q3 24
$-1.2B
$7.7B
Q2 24
$-1.2B
$7.6B
Q1 24
$-1.1B
$8.0B
Total Assets
BHC
BHC
CNH
CNH
Q4 25
$26.4B
$42.7B
Q3 25
$26.8B
$43.3B
Q2 25
$27.3B
$43.7B
Q1 25
$26.4B
$42.1B
Q4 24
$26.5B
$42.9B
Q3 24
$26.5B
$44.0B
Q2 24
$26.5B
$44.0B
Q1 24
$26.9B
$45.7B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BHC
BHC
CNH
CNH
Operating Cash FlowLast quarter
$495.0M
$945.0M
Free Cash FlowOCF − Capex
$403.0M
FCF MarginFCF / Revenue
14.4%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
10.99×
TTM Free Cash FlowTrailing 4 quarters
$1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHC
BHC
CNH
CNH
Q4 25
$495.0M
$945.0M
Q3 25
$405.0M
$659.0M
Q2 25
$289.0M
$772.0M
Q1 25
$211.0M
$162.0M
Q4 24
$601.0M
$1.7B
Q3 24
$405.0M
$791.0M
Q2 24
$380.0M
$379.0M
Q1 24
$211.0M
$-894.0M
Free Cash Flow
BHC
BHC
CNH
CNH
Q4 25
$403.0M
Q3 25
$314.0M
Q2 25
$190.0M
Q1 25
$96.0M
Q4 24
$495.0M
Q3 24
$334.0M
Q2 24
$302.0M
Q1 24
$129.0M
FCF Margin
BHC
BHC
CNH
CNH
Q4 25
14.4%
Q3 25
11.7%
Q2 25
7.5%
Q1 25
4.2%
Q4 24
19.3%
Q3 24
13.3%
Q2 24
12.6%
Q1 24
6.0%
Capex Intensity
BHC
BHC
CNH
CNH
Q4 25
3.3%
Q3 25
3.4%
Q2 25
3.9%
Q1 25
5.1%
Q4 24
4.1%
Q3 24
2.8%
Q2 24
3.2%
Q1 24
3.8%
Cash Conversion
BHC
BHC
CNH
CNH
Q4 25
10.99×
Q3 25
2.26×
8.24×
Q2 25
1.95×
3.62×
Q1 25
1.24×
Q4 24
6.13×
15.96×
Q3 24
2.58×
Q2 24
38.00×
0.88×
Q1 24
-2.23×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BHC
BHC

Bausch Lomb$1.4B50%
Salix Segment$693.0M25%
International Rx$306.0M11%
Diversified Segment$255.0M9%
Solta Medical Segment$137.0M5%

CNH
CNH

Agricultural Equipment Segment$3.6B81%
Construction Equipment Segment$853.0M19%
Services$18.0M0%

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