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Bausch Health Companies vs Zoetis: BHC and ZTS compared
Bausch Health Companies is the larger company: $2.9B of revenue in its latest quarter (Q3 2026) against $2.4B for Zoetis (Q3 2026). Bausch Health Companies is growing faster (+10% against -1% a year earlier). Bausch Health Companies is more profitable, with an operating margin of 33.4% against 30.5%.
Where the money goes: BHC and ZTS
Bausch Health Companies (BHC) · Q3 2026
Bausch Health Companies, Q3 2026: revenue $2.9B (+10% year over year), operating margin 33.4%, net earnings $436M, operating cash flow $814M. The chart follows the revenue to costs, profit and cash.
Zoetis (ZTS) · Q3 2026
Zoetis, Q3 2026: revenue $2.4B (-1% year over year), operating margin 30.5%, net earnings $591M, operating cash flow $824M. The chart follows the revenue to costs, profit and cash.
| Bausch Health Companies (BHC) | Zoetis (ZTS) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $2.9B | $2.4B |
| Revenue growth, Y/Y | +10% | -1% |
| Operating margin | 33.4% | 30.5% |
| Net earnings | $436M | $591M |
| Net margin | 14.8% | 24.7% |
| Operating cash flow | $814M | $824M |
| Free cash flow | $748M | $717M |
| Market value | $3.1B | $32.7B |
| P/E | — | 13.0× |
| Analysts’ mean target | $8.00 | $89.69 |
Where the revenue comes from
Bausch Health Companies
- Product sales: $2.9B (99%)
- Other revenues: $29.0M (1%)
Zoetis
- Companion Animal: $1.6B (65%)
- Dermatology: $398M (17%)
- Pain and sedation: $200M (8%)
- Swine: $120M (5%)
Questions
Which is bigger, Bausch Health Companies or Zoetis?
Bausch Health Companies is the larger company: $2.9B of revenue in its latest quarter (Q3 2026) against $2.4B for Zoetis (Q3 2026).
Is Bausch Health Companies or Zoetis growing faster?
Bausch Health Companies is growing faster (+10% against -1% a year earlier).
Which is more profitable, Bausch Health Companies or Zoetis?
Bausch Health Companies is more profitable, with an operating margin of 33.4% against 30.5%.
More: Bausch Health Companies earnings · how Bausch Health Companies makes money · Zoetis earnings · how Zoetis makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.