VTRS vs BHC Stock Comparison

Viatris and Bausch Health Companies Prices as of Oct 26, 2026 Peers: Industry group
VTRS Viatris Inc
$18.29 +2.6% 1M +76.7% 1Y
Market cap
$21.74B
P/E
–
Revenue (TTM)
$14.74B
Div. yield
–
Generic Drugs Healthcare
7 wins

Head to Head

10 decided of 12

Viatris leads on 7 of the 12 questions below (Viatris 7, Bausch Health Companies 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionVTRSBHCLeader
Larger companyMarket capitalisation $21.74B $2.35B VTRS
Cheaper on earningsLower P/E, profitable companies only -52.9x -2.1x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 7.0x 1.3x BHC
Faster revenue growthRevenue growth, trailing twelve months +4.4% +10.1% BHC
More profitableNet margin, trailing twelve months -2.8% -10.1% VTRS
Better return on capitalReturn on invested capital -0.2% 4.6% BHC
Less leveragedLower net debt / EBITDA 4.6x 8.9x VTRS
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +76.7% +2.6% VTRS
Better 5-year returnAnnualised price return, 5 years +6.9%/yr -25.5%/yr VTRS
Less volatileAnnualised volatility, 1 year 32.4% 54.8% VTRS
Higher overall scoreMean of the five percentile scores vs peers 66/100 60/100 VTRS

Percentile Scorecard

VTRSBHC

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

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

PeriodVTRSBHCSPY
1 month +2.6%+11.8% -0.8%
3 months +3.7%+41.6% +3.5%
6 months +23.5%+14.0% +7.0%
Year to date +46.9%-8.5% +12.2%
1 year +76.7%+2.6% +13.0%
3 years +108.6%-3.2% +86.3%
3 years, per year +27.8%-1.1% +23.1%
5 years +39.6%-77.1% +68.6%
5 years, per year +6.9%-25.5% +11.0%
10 years -52.0%-70.9% +258.0%
10 years, per year -7.1%-11.6% +13.6%

Risk

MeasureVTRSBHCSPY
Volatility, 1Y 32.4%54.8% 12.7%
Downside volatility, 1Y 29.6%48.0% 12.7%
Beta vs S&P 500, 1Y 0.700.88 1.00
Return / volatility, 1Y 2.370.05 1.02
Max drawdown, 5Y -52.9%-84.9% -25.4%
From 52-week high -2.0%-19.5% -1.8%
52-week high $18.66$7.90 $779.14
52-week low $10.11$4.43 $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.

MultipleVTRSBHC
P/E now vs peer median -51.8xmedian 17.1x -2.2xmedian 17.1x
P/S now vs peer median 1.4xmedian 8.8x 0.2xmedian 8.8x
EV/EBITDA now vs peer median 12.3xmedian 17.1x 10.0xmedian 17.1x
P/FCF now vs peer median 10.7xmedian 18.0x 1.7xmedian 18.0x
P/B now vs peer median 1.5xmedian 2.1x -1.3xmedian 2.1x
PEG now vs peer median 1.69median 0.31 0.03median 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 monthsVTRSBHC
Revenue $14.74B $10.85B
Gross profit $5.13B $7.80B
Operating income -$87.30M $883.00M
Net income -$410.70M -$1.10B
Free cash flow $1.95B $1.43B
R&D $1.02B $663.00M
EPS (diluted) $-0.35 $-2.90
Cash & equivalents $886.50M $1.83B
Total debt $13.35B $20.74B
Shares (diluted) 1.16B 378.10M
Enterprise value $16.75B -$3.40B

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
MetricVTRSBHC
P/E -51.8x -2.2x
P/FCF 10.7x 1.7x
P/Operating cash flow 9.0x 1.3x
P/S 1.4x 0.2x
P/B 1.5x -1.3x
P/Tangible book 36.0x -0.4x
EV/EBITDA 12.3x 10.0x
EV/EBIT -383.4x 24.1x
EV/Revenue 2.3x 2.0x
EV/FCF 17.1x 14.9x
EV/Operating cash flow 14.4x 11.8x
PEG (3Y EPS CAGR) 1.69 0.03

Growth

14 metrics
MetricVTRSBHC
Revenue growth (1Y) 4.4% 10.1%
Revenue CAGR (3Y) -1.9% 9.1%
Gross profit growth (1Y) -0.7% 11.8%
Gross profit CAGR (3Y) -6.0% 9.8%
Operating income growth (1Y) 96.6% -44.7%
Operating income CAGR (3Y) -27.6% 14.1%
Net income growth (1Y) 88.2% -1,721%
Net income CAGR (3Y) -30.5% -76.0%
EPS growth (1Y) 88.1% -1,206%
EPS CAGR (3Y) -30.6% -79.0%
Operating cash flow growth (1Y) 12.9% 19.5%
Operating cash flow CAGR (3Y) -3.0% 83.8%
Free cash flow growth (1Y) 11.6% 28.3%
Free cash flow CAGR (3Y) -3.6% 62.6%

Profitability

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

Financial Health

11 metrics
MetricVTRSBHC
Debt / assets 38.1% 83.7%
Debt / equity 0.9x -11.7x
Net debt / EBITDA 4.6x 8.9x
Debt / FCF 6.8x 14.5x
Liabilities / assets 59.3% 107.1%
Equity / assets 40.7% -7.1%
Interest coverage -0.2x 0.5x
Current ratio 1.6x 1.4x
Quick ratio 0.7x 0.9x
Cash ratio 0.1x 0.4x
Altman Z-score 1.13 0.09

Shareholder Returns

7 metrics
MetricVTRSBHC
Dividend yield 2.6% –
Net buyback yield 1.4% –
Shareholder yield 4.1% 0.0%
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.

ConsensusVTRSBHC
Forward P/E 7.0xFY2026 1.3xFY2026
EPS, next fiscal year $2.62FY2026 $4.86FY2026
EPS growth, next FY +11.5%FY2026 +26.9%FY2026
EPS growth, the year after -1.5% -13.4%
Revenue, next fiscal year $15.31BFY2026 $11.45BFY2026
Revenue growth, next FY +7.0%FY2026 +11.9%FY2026
Revenue growth, the year after -4.8% -0.5%

Institutional Ownership

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

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.

VTRSBHC
VTRS 1.00 0.21
BHC 0.21 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, VTRS and BHC?

Viatris (VTRS) is the largest by market capitalisation: Viatris (VTRS) $21.74B, Bausch Health Companies (BHC) $2.35B.

Which company is growing faster?

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

Which company is more profitable?

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

Which stock has performed better?

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

Which stock is riskier?

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

Do VTRS and BHC move together?

Their daily returns over the past year have a correlation of 0.21, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, VTRS and BHC?

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 7. 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.