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Bausch Health Companies BHC International — Operating Income (Loss)

Other segment segments

Salix
$468M+26.1%
Bausch + Lomb
$277M+53.9%
Diversified
$112M-11.8%
Solta Medical
$75M+41.5%

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Other financials

Income statement

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Revenue$2.5B+11.7%
Operating income-$950.0M-444%
Net income-$1.4B-2,353%
EPS (diluted)-$3.82-2,287%

Balance sheet

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Cash & equivalents$1.3B+13.4%
Total debt$20.8B-3.5%
Total equity-$2.1B-74.0%
Total assets$24.5B-7.3%

Cash flow

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Operating cash flow$230.0M+9.0%
CapEx$109.0M-5.2%
Free cash flow$121.0M+26.0%

Valuation

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Market cap$2.34B+9.9%
Enterprise value$21.79B-1.5%
P/S0.2×0.0×

Profitability

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Gross margin71.4%
Operating margin5.6%-10.3pp
Net margin-1.9%-0.9pp
FCF margin9.8%-2.8pp

Returns & leverage

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Return on equity-70.1%
Debt / equity45.2×
Current ratio1.3×0.0×

Where this comes from

Reported directly by Bausch Health Companies in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Bausch Health Companies’s 10-Q, filed April 30, 2026.

Filed
Apr 29, 2026, 6:12 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000885590-26-000053
(in millions)Three Months Ended March 31, / Salix / 2026Three Months Ended March 31, / Salix / 2025Three Months Ended March 31, / International / 2026Three Months Ended March 31, / International / 2025Three Months Ended March 31, / Solta Medical / 2026Three Months Ended March 31, / Solta Medical / 2025Three Months Ended March 31, / Diversified / 2026Three Months Ended March 31, / Diversified / 2025Three Months Ended March 31, / Bausch + Lomb / 2026Three Months Ended March 31, / Bausch + Lomb / 2025Three Months Ended March 31, / Total / 2026Total / 2025
Cost of other revenues161711
Selling, general and administrative105111635235284345439447
Research and development19176685334528
Segment profit$468$371$88$85$75$53$112$127$277$180$1,020$816
Corporate(258)(268)
Amortization of intangible assets(241)(256)
Goodwill impairments(1,426)
Restructuring, integration and separation costs(13)(1)

Item 1. Condensed Consolidated Financial Statements (unaudited)

FAQ

What is Bausch Health Companies's international — operating income (loss)?
Bausch Health Companies (BHC) reported international — operating income (loss) of $88M in Q1 2026.
How has Bausch Health Companies's international — operating income (loss) changed year-over-year?
Bausch Health Companies's international — operating income (loss) increased by 3.5% year-over-year, from $85M to $88M.
What is the long-term trend for Bausch Health Companies's international — operating income (loss)?
Over 4 years (2021 to 2025), Bausch Health Companies's international — operating income (loss) has grown at a -4.6% compound annual growth rate (CAGR), from $403M to $334M.
What does international — operating income (loss) mean?
Calculated as the segment's total revenue minus its operating expenses, including cost of goods sold, SG&A, and R&D. This metric provides a clear view of the profitability of the international business segment before interest and taxes. It is a primary measure of the segment's ability to generate sustainable earnings from its core operations.

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