Event-Driven Stocks

Bausch Health Companies Inc.

BHCNYSE

Healthcare · Pharmaceutical Preparations · NJ · SEC filings ↗ · Compare ⊕

View price & chart on Yahoo Finance ↗
Signs● 4 good● 1 warning● 3 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue$10.27B$9.63B$8.76B$8.12B$8.43B$8.03B
Operating income$1.81B$1.55B$963.0M$454.0M$450.0M$676.0M
Net income$157.0M−$46.0M−$592.0M−$225.0M−$948.0M−$560.0M
Total assets$26.37B$26.52B$27.35B$25.69B$29.20B$31.20B
Total liabilities$25.99B$26.84B$27.43B$25.43B$29.24B$30.59B
Equity−$554.0M−$1.28B−$1.02B−$692.0M−$106.0M$535.0M
EPS (diluted)$0.42$-0.13$-1.62$-0.62$-2.64$-1.58
Shares out.367.9M365.4M362.0M359.6M355.6M352.7M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
17.7%
Net margin
1.5%
Return on equity
−28.3%
Return on assets
0.6%
Return on capital (ROCE)
8.2%
Liabilities / assets
98.6%
Debt / equity
—
Book value / share
$-1.51
Revenue growth (YoY)
6.7%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
-0.26distress
Accruals / assets
−4.7%clean
Piotroski F-Score
8/9strong

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
68
/ 100
Profitability 80Growth 100Catalyst 33Earnings quality 100Financial strength 25

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 3 severe● 1 warning● 4 good
  • Negative shareholder equity
  • Altman Z″ in the distress zone
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • High leverage (liabilities > 70% of assets)
  • Operating margin is positive
  • Revenue is growing year-over-year
  • Positive operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 20266.0M3.4-6.3%
Apr 30, 20266.4M3.4+1.4%
Apr 15, 20266.3M5.7+4.8%
Mar 31, 20266.0M4.0-4.9%
Mar 13, 20266.3M2.0+13.7%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (7)