BHC vs VTRS vs AMPH Stock Comparison

Bausch Health Companies, Viatris and Amphastar Pharmaceuticals Prices as of Oct 26, 2026 Peers: Industry group
VTRS Viatris Inc
$18.29 +2.6% 1M +76.7% 1Y
Market cap
$21.81B
P/E
–
Revenue (TTM)
$14.74B
Div. yield
–
Generic Drugs Healthcare
4 wins

Head to Head

10 decided of 12

Viatris leads on 4 of the 12 questions below (Viatris 4, Amphastar Pharmaceuticals 4, Bausch Health Companies 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBHCVTRSAMPHLeader
Larger companyMarket capitalisation $2.37B $21.81B $1.12B VTRS
Cheaper on earningsLower P/E, profitable companies only -2.2x -53.1x 14.2x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 1.3x 7.0x 8.2x BHC
Faster revenue growthRevenue growth, trailing twelve months +10.1% +4.4% +1.0% BHC
More profitableNet margin, trailing twelve months -10.1% -2.8% 10.8% AMPH
Better return on capitalReturn on invested capital 4.6% -0.2% 6.4% AMPH
Less leveragedLower net debt / EBITDA 8.9x 4.6x 1.8x AMPH
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +2.6% +76.7% +3.9% VTRS
Better 5-year returnAnnualised price return, 5 years -25.5%/yr +6.9%/yr +6.8%/yr VTRS
Less volatileAnnualised volatility, 1 year 54.8% 32.4% 54.3% VTRS
Higher overall scoreMean of the five percentile scores vs peers 60/100 66/100 73/100 AMPH

Percentile Scorecard

BHCVTRSAMPH

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBHCVTRSAMPH
Valuation 99 #9 of 626 93 #42 of 626 99 #8 of 626
Growth 44 #341 of 604 47 #318 of 604 43 #347 of 604
Profitability 84 #90 of 555 81 #106 of 555 87 #72 of 555
Financial Health 15 #561 of 658 23 #510 of 658 37 #412 of 658
Shareholder Returns – 87 #49 of 368 99 #4 of 368
Overall 60 66 73
  • BHC ranked among 673 companies in Pharmaceuticals and Biotechnology
  • VTRS ranked among 673 companies in Pharmaceuticals and Biotechnology
  • AMPH ranked among 673 companies in Pharmaceuticals and Biotechnology

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBHCVTRSAMPHSPY
1 month +11.8%+2.6%-2.5% -0.8%
3 months +41.6%+3.7%+32.8% +3.5%
6 months +14.0%+23.5%+17.6% +7.0%
Year to date -8.5%+46.9%-4.9% +12.2%
1 year +2.6%+76.7%+3.9% +13.0%
3 years -3.2%+108.6%-42.9% +86.3%
3 years, per year -1.1%+27.8%-17.1% +23.1%
5 years -77.1%+39.6%+38.7% +68.6%
5 years, per year -25.5%+6.9%+6.8% +11.0%
10 years -70.9%-52.0%+40.1% +258.0%
10 years, per year -11.6%-7.1%+3.4% +13.6%

Risk

MeasureBHCVTRSAMPHSPY
Volatility, 1Y 54.8%32.4%54.3% 12.7%
Downside volatility, 1Y 48.0%29.6%66.4% 12.7%
Beta vs S&P 500, 1Y 0.880.700.58 1.00
Return / volatility, 1Y 0.052.370.07 1.02
Max drawdown, 5Y -84.9%-52.9%-74.0% -25.4%
From 52-week high -19.5%-2.0%-13.4% -1.8%
52-week high $7.90$18.66$29.40 $779.14
52-week low $4.43$10.11$16.87 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBHCVTRSAMPH
P/E now vs peer median -2.2xmedian 17.1x -51.8xmedian 17.1x 14.2xmedian 17.1x
P/S now vs peer median 0.2xmedian 8.8x 1.4xmedian 8.8x 1.5xmedian 8.8x
EV/EBITDA now vs peer median 10.0xmedian 17.1x 12.3xmedian 17.1x 8.0xmedian 17.1x
P/FCF now vs peer median 1.7xmedian 18.0x 10.7xmedian 18.0x 7.1xmedian 18.0x
P/B now vs peer median -1.3xmedian 2.1x 1.5xmedian 2.1x 1.4xmedian 2.1x
PEG now vs peer median 0.03median 0.31 1.69median 0.31 -5.53median 0.31

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBHCVTRSAMPH
Revenue $10.85B $14.74B $730.02M
Gross profit $7.80B $5.13B $348.11M
Operating income $883.00M -$87.30M $114.29M
Net income -$1.10B -$410.70M $78.55M
Free cash flow $1.43B $1.95B $152.89M
R&D $663.00M $1.02B $94.57M
EPS (diluted) $-2.90 $-0.35 $1.78
Cash & equivalents $1.83B $886.50M $223.61M
Total debt $20.74B $13.35B $612.05M
Shares (diluted) 378.10M 1.16B 44.23M
Enterprise value -$3.37B $16.82B -$24.25M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBHCVTRSAMPH
P/E -2.2x -51.8x 14.2x
P/FCF 1.7x 10.7x 7.1x
P/Operating cash flow 1.3x 9.0x 5.9x
P/S 0.2x 1.4x 1.5x
P/B -1.3x 1.5x 1.4x
P/Tangible book -0.4x 36.0x 1.5x
EV/EBITDA 10.0x 12.3x 8.0x
EV/EBIT 24.1x -383.4x 12.3x
EV/Revenue 2.0x 2.3x 1.9x
EV/FCF 14.9x 17.1x 9.2x
EV/Operating cash flow 11.8x 14.4x 7.6x
PEG (3Y EPS CAGR) 0.03 1.69 -5.53

Growth

14 metrics
MetricBHCVTRSAMPH
Revenue growth (1Y) 10.1% 4.4% 1.0%
Revenue CAGR (3Y) 9.1% -1.9% 10.5%
Gross profit growth (1Y) 11.8% -0.7% -3.4%
Gross profit CAGR (3Y) 9.8% -6.0% 8.0%
Operating income growth (1Y) -44.7% 96.6% -37.1%
Operating income CAGR (3Y) 14.1% -27.6% -4.5%
Net income growth (1Y) -1,721% 88.2% -41.7%
Net income CAGR (3Y) -76.0% -30.5% -8.3%
EPS growth (1Y) -1,206% 88.1% -36.5%
EPS CAGR (3Y) -79.0% -30.6% -2.6%
Operating cash flow growth (1Y) 19.5% 12.9% 15.6%
Operating cash flow CAGR (3Y) 83.8% -3.0% 12.1%
Free cash flow growth (1Y) 28.3% 11.6% 36.3%
Free cash flow CAGR (3Y) 62.6% -3.6% 15.0%

Profitability

14 metrics
MetricBHCVTRSAMPH
Gross margin 71.8% 34.8% 47.7%
EBITDA margin 19.6% 18.4% 23.9%
Operating margin 8.1% -0.6% 15.7%
Pretax margin -6.7% -4.5% 14.0%
Net margin -10.1% -2.8% 10.8%
FCF margin 13.2% 13.3% 20.9%
Operating cash flow margin 16.6% 15.8% 25.3%
Return on equity – -2.8% 10.2%
Return on assets -4.4% -1.1% 4.6%
Return on invested capital 4.6% -0.2% 6.4%
Return on capital employed 4.4% -0.3% 8.0%
Asset turnover 0.4x 0.4x 0.4x
Cash conversion (OCF / net income) -1.6x -5.7x 2.4x
Stock comp / revenue 2.1% 1.2% 4.0%

Financial Health

11 metrics
MetricBHCVTRSAMPH
Debt / assets 83.7% 38.1% 35.1%
Debt / equity -11.7x 0.9x 0.8x
Net debt / EBITDA 8.9x 4.6x 1.8x
Debt / FCF 14.5x 6.8x 4.0x
Liabilities / assets 107.1% 59.3% 55.9%
Equity / assets -7.1% 40.7% 44.1%
Interest coverage 0.5x -0.2x 4.4x
Current ratio 1.4x 1.6x 2.4x
Quick ratio 0.9x 0.7x 1.7x
Cash ratio 0.4x 0.1x 1.1x
Altman Z-score 0.09 1.13 2.12

Shareholder Returns

7 metrics
MetricBHCVTRSAMPH
Dividend yield – 2.6% –
Net buyback yield – 1.4% 9.0%
Shareholder yield 0.0% 4.1% 9.0%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBHCVTRSAMPH
Forward P/E 1.3xFY2026 7.0xFY2026 8.2xFY2026
EPS, next fiscal year $4.86FY2026 $2.62FY2026 $3.09FY2026
EPS growth, next FY +26.9%FY2026 +11.5%FY2026 -4.9%FY2026
EPS growth, the year after -13.4% -1.5% +9.4%
Revenue, next fiscal year $11.45BFY2026 $15.31BFY2026 $790.23MFY2026
Revenue growth, next FY +11.9%FY2026 +7.0%FY2026 +9.8%FY2026
Revenue growth, the year after -0.5% -4.8% -5.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBHCVTRSAMPH
Held by institutions 63.3% 89.9% 64.8%
Institutions holding 221 1,028 209
Change in shares held, QoQ +1.9% +5.6% -11.7%
Institutions buying 99 486 96
Institutions selling 63 318 74
Buyers to sellers 1.57 1.53 1.30

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BHCVTRSAMPH
BHC 1.00 0.21 0.18
VTRS 0.21 1.00 0.35
AMPH 0.18 0.35 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, BHC, VTRS and AMPH?

Viatris (VTRS) is the largest by market capitalisation: Bausch Health Companies (BHC) $2.37B, Viatris (VTRS) $21.81B, Amphastar Pharmaceuticals (AMPH) $1.12B.

Which company is growing faster?

Bausch Health Companies (BHC) grew revenue fastest over the trailing twelve months: Bausch Health Companies (BHC) +10.1%, Viatris (VTRS) +4.4%, Amphastar Pharmaceuticals (AMPH) +1.0%.

Which company is more profitable?

Amphastar Pharmaceuticals (AMPH) has the highest net margin (Bausch Health Companies (BHC) -10.1%, Viatris (VTRS) -2.8%, Amphastar Pharmaceuticals (AMPH) 10.8%). On return on invested capital, Amphastar Pharmaceuticals (AMPH) leads (Bausch Health Companies (BHC) 4.6%, Viatris (VTRS) -0.2%, Amphastar Pharmaceuticals (AMPH) 6.4%).

Which stock has performed better?

Over the past year Viatris (VTRS) returned the most: Bausch Health Companies (BHC) +2.6%, Viatris (VTRS) +76.7%, Amphastar Pharmaceuticals (AMPH) +3.9%. Over five years, Viatris (VTRS) compounded fastest (Bausch Health Companies (BHC) -25.5%/yr, Viatris (VTRS) +6.9%/yr, Amphastar Pharmaceuticals (AMPH) +6.8%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Viatris (VTRS) has been the steadiest (Bausch Health Companies (BHC) 54.8%, Viatris (VTRS) 32.4%, Amphastar Pharmaceuticals (AMPH) 54.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BHC, VTRS and AMPH?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Viatris (VTRS) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.