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Side-by-side financial comparison of Bausch & Lomb Corp (BLCO) and GLOBAL PARTNERS LP (GLP). Click either name above to swap in a different company.

GLOBAL PARTNERS LP is the larger business by last-quarter revenue ($2.2B vs $1.4B, roughly 1.6× Bausch & Lomb Corp). GLOBAL PARTNERS LP runs the higher net margin — 1.1% vs -4.1%, a 5.3% gap on every dollar of revenue. On growth, Bausch & Lomb Corp posted the faster year-over-year revenue change (9.8% vs 7.0%). GLOBAL PARTNERS LP produced more free cash flow last quarter ($62.2M vs $60.0M). Over the past eight quarters, Bausch & Lomb Corp's revenue compounded faster (13.1% CAGR vs 0.2%).

Bausch & Lomb is an American-Canadian eye health products company based in Vaughan, Ontario, Canada. It is one of the world's largest suppliers of contact lenses, lens care products, pharmaceuticals, intraocular lenses, and other eye surgery products. The company was founded in Rochester, New York, in 1853 by optician John Bausch and cabinet maker turned financial backer Henry Lomb. Until its sale in 2013, Bausch + Lomb was one of the oldest continually operating companies in the United States.

Global Partners LP is an American energy supply company ranked 361 in the 2018 Fortune 500. The company is organized as a master limited partnership, and its operations focus on the importing of petroleum products and marketing them in North America. It wholesales products like crude oil, diesel oil, gasoline, heating oil and kerosene.

BLCO vs GLP — Head-to-Head

Bigger by revenue
GLP
GLP
1.6× larger
GLP
$2.2B
$1.4B
BLCO
Growing faster (revenue YoY)
BLCO
BLCO
+2.8% gap
BLCO
9.8%
7.0%
GLP
Higher net margin
GLP
GLP
5.3% more per $
GLP
1.1%
-4.1%
BLCO
More free cash flow
GLP
GLP
$2.2M more FCF
GLP
$62.2M
$60.0M
BLCO
Faster 2-yr revenue CAGR
BLCO
BLCO
Annualised
BLCO
13.1%
0.2%
GLP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BLCO
BLCO
GLP
GLP
Revenue
$1.4B
$2.2B
Net Profit
$-58.0M
$25.1M
Gross Margin
11.9%
Operating Margin
8.0%
2.6%
Net Margin
-4.1%
1.1%
Revenue YoY
9.8%
7.0%
Net Profit YoY
-1833.3%
5.0%
EPS (diluted)
$-0.16

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
BLCO
BLCO
GLP
GLP
Q4 25
$1.4B
$2.2B
Q3 25
$1.3B
$2.2B
Q2 25
$1.3B
$2.1B
Q1 25
$1.1B
$2.2B
Q4 24
$1.3B
$2.1B
Q3 24
$1.2B
$2.1B
Q2 24
$1.2B
$2.3B
Q1 24
$1.1B
$2.2B
Net Profit
BLCO
BLCO
GLP
GLP
Q4 25
$-58.0M
$25.1M
Q3 25
$-28.0M
$29.0M
Q2 25
$-62.0M
$25.2M
Q1 25
$-212.0M
$18.7M
Q4 24
$-3.0M
$23.9M
Q3 24
$4.0M
$45.9M
Q2 24
$-151.0M
$46.1M
Q1 24
$-167.0M
$-5.6M
Gross Margin
BLCO
BLCO
GLP
GLP
Q4 25
11.9%
Q3 25
12.1%
Q2 25
13.1%
Q1 25
11.7%
Q4 24
13.0%
Q3 24
13.4%
Q2 24
12.6%
Q1 24
9.8%
Operating Margin
BLCO
BLCO
GLP
GLP
Q4 25
8.0%
2.6%
Q3 25
7.4%
2.7%
Q2 25
-0.9%
2.9%
Q1 25
-7.3%
2.6%
Q4 24
6.8%
2.8%
Q3 24
3.6%
3.9%
Q2 24
2.1%
3.7%
Q1 24
0.5%
1.2%
Net Margin
BLCO
BLCO
GLP
GLP
Q4 25
-4.1%
1.1%
Q3 25
-2.2%
1.3%
Q2 25
-4.9%
1.2%
Q1 25
-18.6%
0.9%
Q4 24
-0.2%
1.2%
Q3 24
0.3%
2.1%
Q2 24
-12.4%
2.0%
Q1 24
-15.2%
-0.3%
EPS (diluted)
BLCO
BLCO
GLP
GLP
Q4 25
$-0.16
Q3 25
$-0.08
Q2 25
$-0.18
Q1 25
$-0.60
Q4 24
$-0.00
Q3 24
$0.01
Q2 24
$-0.43
Q1 24
$-0.48

Balance Sheet & Financial Strength

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

Metric
BLCO
BLCO
GLP
GLP
Cash + ST InvestmentsLiquidity on hand
$383.0M
Total DebtLower is stronger
$5.0B
Stockholders' EquityBook value
$6.4B
Total Assets
$14.0B
$3.9B
Debt / EquityLower = less leverage
0.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLCO
BLCO
GLP
GLP
Q4 25
$383.0M
Q3 25
$310.0M
Q2 25
$266.0M
Q1 25
$202.0M
Q4 24
$305.0M
Q3 24
$329.0M
Q2 24
$285.0M
Q1 24
$315.0M
Total Debt
BLCO
BLCO
GLP
GLP
Q4 25
$5.0B
Q3 25
$5.0B
Q2 25
$5.0B
Q1 25
$4.8B
Q4 24
$4.8B
Q3 24
$4.6B
Q2 24
$4.6B
Q1 24
$4.6B
Stockholders' Equity
BLCO
BLCO
GLP
GLP
Q4 25
$6.4B
Q3 25
$6.4B
Q2 25
$6.4B
Q1 25
$6.4B
Q4 24
$6.5B
Q3 24
$6.6B
Q2 24
$6.5B
Q1 24
$6.7B
Total Assets
BLCO
BLCO
GLP
GLP
Q4 25
$14.0B
$3.9B
Q3 25
$13.8B
$3.7B
Q2 25
$13.8B
$3.8B
Q1 25
$13.4B
$3.8B
Q4 24
$13.5B
$3.8B
Q3 24
$13.5B
$3.7B
Q2 24
$13.3B
$3.8B
Q1 24
$13.3B
$3.5B
Debt / Equity
BLCO
BLCO
GLP
GLP
Q4 25
0.78×
Q3 25
0.77×
Q2 25
0.77×
Q1 25
0.76×
Q4 24
0.74×
Q3 24
0.70×
Q2 24
0.71×
Q1 24
0.69×

Cash Flow & Capital Efficiency

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

Metric
BLCO
BLCO
GLP
GLP
Operating Cash FlowLast quarter
$136.0M
$101.0M
Free Cash FlowOCF − Capex
$60.0M
$62.2M
FCF MarginFCF / Revenue
4.3%
2.8%
Capex IntensityCapex / Revenue
5.4%
1.8%
Cash ConversionOCF / Net Profit
4.03×
TTM Free Cash FlowTrailing 4 quarters
$-66.0M
$193.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLCO
BLCO
GLP
GLP
Q4 25
$136.0M
$101.0M
Q3 25
$137.0M
$19.0M
Q2 25
$35.0M
$216.3M
Q1 25
$-25.0M
$-51.6M
Q4 24
$22.0M
$67.2M
Q3 24
$154.0M
$122.7M
Q2 24
$15.0M
$24.3M
Q1 24
$41.0M
$-182.7M
Free Cash Flow
BLCO
BLCO
GLP
GLP
Q4 25
$60.0M
$62.2M
Q3 25
$63.0M
$-678.0K
Q2 25
$-54.0M
$201.3M
Q1 25
$-135.0M
$-69.5M
Q4 24
$-70.0M
$20.4M
Q3 24
$94.0M
$98.4M
Q2 24
$-57.0M
$8.7M
Q1 24
$-26.0M
$-199.3M
FCF Margin
BLCO
BLCO
GLP
GLP
Q4 25
4.3%
2.8%
Q3 25
4.9%
-0.0%
Q2 25
-4.2%
9.7%
Q1 25
-11.9%
-3.2%
Q4 24
-5.5%
1.0%
Q3 24
7.9%
4.6%
Q2 24
-4.7%
0.4%
Q1 24
-2.4%
-9.0%
Capex Intensity
BLCO
BLCO
GLP
GLP
Q4 25
5.4%
1.8%
Q3 25
5.8%
0.9%
Q2 25
7.0%
0.7%
Q1 25
9.7%
0.8%
Q4 24
7.2%
2.3%
Q3 24
5.0%
1.1%
Q2 24
5.9%
0.7%
Q1 24
6.1%
0.8%
Cash Conversion
BLCO
BLCO
GLP
GLP
Q4 25
4.03×
Q3 25
0.66×
Q2 25
8.58×
Q1 25
-2.76×
Q4 24
2.82×
Q3 24
38.50×
2.67×
Q2 24
0.53×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BLCO
BLCO

Overthe Counter Products$489.0M35%
Pharmaceuticals$378.0M27%
Other$263.0M19%
Surgical$249.0M18%
Brandedand Other Generic Products$14.0M1%
Other Revenues$3.0M0%
Pharmaceutical Products$2.0M0%

GLP
GLP

Gasoline$1.0B46%
Refined Petroleum Products Renewable Fuels Crude Oil And Propane$884.7M40%
Commercial Segment$187.6M8%
Station Operations$110.5M5%

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