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Side-by-side financial comparison of Bausch Health Companies Inc. (BHC) and NEWELL BRANDS INC. (NWL). Click either name above to swap in a different company.

Bausch Health Companies Inc. is the larger business by last-quarter revenue ($2.8B vs $1.9B, roughly 1.5× NEWELL BRANDS INC.). Bausch Health Companies Inc. runs the higher net margin — -3.7% vs -16.6%, a 12.9% gap on every dollar of revenue. On growth, Bausch Health Companies Inc. posted the faster year-over-year revenue change (9.3% vs -2.7%). Bausch Health Companies Inc. produced more free cash flow last quarter ($403.0M vs $91.0M). Over the past eight quarters, Bausch Health Companies Inc.'s revenue compounded faster (14.0% CAGR vs 7.1%).

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...

Newell Brands Inc. is an American conglomerate of consumer and commercial products. The company's brands and products include Rubbermaid storage/or waste disposal containers; home organization and reusable container products; Contigo and Bubba water bottles; Coleman outdoor products; writing instruments glue ; children's products ; cookware and small appliances and fragrance products.

BHC vs NWL — Head-to-Head

Bigger by revenue
BHC
BHC
1.5× larger
BHC
$2.8B
$1.9B
NWL
Growing faster (revenue YoY)
BHC
BHC
+11.9% gap
BHC
9.3%
-2.7%
NWL
Higher net margin
BHC
BHC
12.9% more per $
BHC
-3.7%
-16.6%
NWL
More free cash flow
BHC
BHC
$312.0M more FCF
BHC
$403.0M
$91.0M
NWL
Faster 2-yr revenue CAGR
BHC
BHC
Annualised
BHC
14.0%
7.1%
NWL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BHC
BHC
NWL
NWL
Revenue
$2.8B
$1.9B
Net Profit
$-103.0M
$-315.0M
Gross Margin
33.1%
Operating Margin
17.0%
-14.3%
Net Margin
-3.7%
-16.6%
Revenue YoY
9.3%
-2.7%
Net Profit YoY
-205.1%
-483.3%
EPS (diluted)
$-0.30
$-0.75

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
NWL
NWL
Q4 25
$2.8B
$1.9B
Q3 25
$2.7B
$1.8B
Q2 25
$2.5B
$1.9B
Q1 25
$2.3B
$1.6B
Q4 24
$2.6B
$1.9B
Q3 24
$2.5B
$1.9B
Q2 24
$2.4B
$2.0B
Q1 24
$2.2B
$1.7B
Net Profit
BHC
BHC
NWL
NWL
Q4 25
$-103.0M
$-315.0M
Q3 25
$179.0M
$21.0M
Q2 25
$148.0M
$46.0M
Q1 25
$-58.0M
$-37.0M
Q4 24
$98.0M
$-54.0M
Q3 24
$-85.0M
$-198.0M
Q2 24
$10.0M
$45.0M
Q1 24
$-64.0M
$-9.0M
Gross Margin
BHC
BHC
NWL
NWL
Q4 25
33.1%
Q3 25
34.1%
Q2 25
35.4%
Q1 25
32.1%
Q4 24
34.2%
Q3 24
34.9%
Q2 24
34.4%
Q1 24
30.5%
Operating Margin
BHC
BHC
NWL
NWL
Q4 25
17.0%
-14.3%
Q3 25
23.1%
6.6%
Q2 25
17.5%
8.8%
Q1 25
12.2%
1.3%
Q4 24
21.8%
0.5%
Q3 24
12.7%
-6.2%
Q2 24
16.2%
8.0%
Q1 24
13.1%
1.0%
Net Margin
BHC
BHC
NWL
NWL
Q4 25
-3.7%
-16.6%
Q3 25
6.7%
1.2%
Q2 25
5.8%
2.4%
Q1 25
-2.6%
-2.4%
Q4 24
3.8%
-2.8%
Q3 24
-3.4%
-10.2%
Q2 24
0.4%
2.2%
Q1 24
-3.0%
-0.5%
EPS (diluted)
BHC
BHC
NWL
NWL
Q4 25
$-0.30
$-0.75
Q3 25
$0.48
$0.05
Q2 25
$0.40
$0.11
Q1 25
$-0.16
$-0.09
Q4 24
$0.24
$-0.13
Q3 24
$-0.23
$-0.48
Q2 24
$0.03
$0.11
Q1 24
$-0.17
$-0.02

Balance Sheet & Financial Strength

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

Metric
BHC
BHC
NWL
NWL
Cash + ST InvestmentsLiquidity on hand
$1.3B
$203.0M
Total DebtLower is stronger
$20.8B
Stockholders' EquityBook value
$-554.0M
$2.4B
Total Assets
$26.4B
$10.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHC
BHC
NWL
NWL
Q4 25
$1.3B
$203.0M
Q3 25
$1.3B
$229.0M
Q2 25
$1.7B
$219.0M
Q1 25
$1.1B
$233.0M
Q4 24
$1.2B
$198.0M
Q3 24
$719.0M
$494.0M
Q2 24
$595.0M
$382.0M
Q1 24
$733.0M
$372.0M
Total Debt
BHC
BHC
NWL
NWL
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
NWL
NWL
Q4 25
$-554.0M
$2.4B
Q3 25
$-565.0M
$2.7B
Q2 25
$-764.0M
$2.7B
Q1 25
$-1.2B
$2.7B
Q4 24
$-1.3B
$2.8B
Q3 24
$-1.2B
$2.9B
Q2 24
$-1.2B
$3.1B
Q1 24
$-1.1B
$3.1B
Total Assets
BHC
BHC
NWL
NWL
Q4 25
$26.4B
$10.7B
Q3 25
$26.8B
$11.3B
Q2 25
$27.3B
$11.5B
Q1 25
$26.4B
$11.3B
Q4 24
$26.5B
$11.0B
Q3 24
$26.5B
$11.8B
Q2 24
$26.5B
$12.0B
Q1 24
$26.9B
$12.1B

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
NWL
NWL
Operating Cash FlowLast quarter
$495.0M
$161.0M
Free Cash FlowOCF − Capex
$403.0M
$91.0M
FCF MarginFCF / Revenue
14.4%
4.8%
Capex IntensityCapex / Revenue
3.3%
3.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.0B
$17.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHC
BHC
NWL
NWL
Q4 25
$495.0M
$161.0M
Q3 25
$405.0M
$374.0M
Q2 25
$289.0M
$-58.0M
Q1 25
$211.0M
$-213.0M
Q4 24
$601.0M
$150.0M
Q3 24
$405.0M
$282.0M
Q2 24
$380.0M
$32.0M
Q1 24
$211.0M
$32.0M
Free Cash Flow
BHC
BHC
NWL
NWL
Q4 25
$403.0M
$91.0M
Q3 25
$314.0M
$315.0M
Q2 25
$190.0M
$-117.0M
Q1 25
$96.0M
$-272.0M
Q4 24
$495.0M
$54.0M
Q3 24
$334.0M
$231.0M
Q2 24
$302.0M
$-21.0M
Q1 24
$129.0M
$-27.0M
FCF Margin
BHC
BHC
NWL
NWL
Q4 25
14.4%
4.8%
Q3 25
11.7%
17.4%
Q2 25
7.5%
-6.0%
Q1 25
4.2%
-17.4%
Q4 24
19.3%
2.8%
Q3 24
13.3%
11.9%
Q2 24
12.6%
-1.0%
Q1 24
6.0%
-1.6%
Capex Intensity
BHC
BHC
NWL
NWL
Q4 25
3.3%
3.7%
Q3 25
3.4%
3.3%
Q2 25
3.9%
3.0%
Q1 25
5.1%
3.8%
Q4 24
4.1%
4.9%
Q3 24
2.8%
2.6%
Q2 24
3.2%
2.6%
Q1 24
3.8%
3.6%
Cash Conversion
BHC
BHC
NWL
NWL
Q4 25
Q3 25
2.26×
17.81×
Q2 25
1.95×
-1.26×
Q1 25
Q4 24
6.13×
Q3 24
Q2 24
38.00×
0.71×
Q1 24

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%

NWL
NWL

Kitchen$538.0M28%
Writing$370.0M20%
Commercial$320.0M17%
Financial Institution Two$286.0M15%
Baby$259.0M14%
Outdoor And Recreation$142.0M7%

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