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Viatris vs Bausch Health Companies: VTRS and BHC compared
Viatris is the larger company: $3.7B of revenue in its latest quarter (Q3 2026) against $2.9B for Bausch Health Companies (Q3 2026). Bausch Health Companies is growing faster (+10% against -0.3% a year earlier). Bausch Health Companies is more profitable, with an operating margin of 33.4% against 7.0%.
Where the money goes: VTRS and BHC
Viatris (VTRS) · Q3 2026
Viatris, Q3 2026: revenue $3.7B (-0.3% year over year), operating margin 7.0%, net loss $325M, operating cash flow $899M. The chart follows the revenue to costs, profit and cash.
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.
| Viatris (VTRS) | Bausch Health Companies (BHC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $3.7B | $2.9B |
| Revenue growth, Y/Y | -0.3% | +10% |
| Operating margin | 7.0% | 33.4% |
| Net earnings | −$325M | $436M |
| Net margin | -8.7% | 14.8% |
| Operating cash flow | $899M | $814M |
| Free cash flow | $814M | $748M |
| Market value | $22.1B | $3.1B |
| Analysts’ mean target | $21.00 | $8.00 |
Where the revenue comes from
Viatris
- Brands: $2.5B (66%)
- Lipitor: $452M (12%)
- EpiPen® Auto-Injectors: $156M (4%)
- Lyrica ®: $114M (3%)
Bausch Health Companies
- Product sales: $2.9B (99%)
- Other revenues: $29.0M (1%)
Questions
Which is bigger, Viatris or Bausch Health Companies?
Viatris is the larger company: $3.7B of revenue in its latest quarter (Q3 2026) against $2.9B for Bausch Health Companies (Q3 2026).
Is Viatris or Bausch Health Companies growing faster?
Bausch Health Companies is growing faster (+10% against -0.3% a year earlier).
Which is more profitable, Viatris or Bausch Health Companies?
Bausch Health Companies is more profitable, with an operating margin of 33.4% against 7.0%.
More: Viatris earnings · how Viatris makes money · Bausch Health Companies earnings · how Bausch Health Companies makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.