Bausch Health Companies (BHC) Invested Capital (2009 - 2026)
Bausch Health Companies' Invested Capital came in at $18.97 billion for Q2 2026, down 13.3% from $21.89 billion a year earlier and down 3.6% from the prior quarter.
Bausch Health Companies (BHC) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Bausch Health Companies' Invested Capital was $20.26 billion, down 0.4% from FY2024.
- Invested Capital carries a five-year compound annual growth rate of -3.7% (FY2020 to FY2025).
- Going back by year, Invested Capital was $20.34 billion in FY2024 (-8.8%), $22.31 billion in FY2023 (+6.1%), $21.03 billion in FY2022 (-7.0%) and $22.62 billion in FY2021 (-7.8%).
- The Q2 2026 figure represents the lowest quarterly Invested Capital since Q2 2013.
- Year-over-year, Invested Capital has declined for four consecutive quarters, with an average decline of 4.8% over the last eight quarters.
- The fastest year-over-year change in Invested Capital over five years came in Q4 2023 (growth of 6.1%), and the weakest in Q2 2026 (a decline of 13.3%).
- Business Quant data shows BHC's Invested Capital at $19.68 billion (Q1 2026), $20.26 billion (Q4 2025) and $20.48 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,143.87 Bn | 1,112.46 Bn | 19.71 Bn | 88.79 Bn |
| 2 | Johnson & Johnson | 621.90 Bn | 540.43 Bn | 17.26 Bn | 134.01 Bn |
| 3 | AbbVie | 507.81 Bn | 480.92 Bn | 12.70 Bn | 64.89 Bn |
| 4 | Merck | 364.52 Bn | 318.90 Bn | 12.21 Bn | 95.89 Bn |
| 5 | Novartis Ag | 295.78 Bn | 259.77 Bn | 11.24 Bn | 51.53 Bn |
| 6 | Astrazeneca | 259.85 Bn | 233.54 Bn | 12.86 Bn | 82.72 Bn |
| 7 | Amgen | 231.44 Bn | 186.84 Bn | 7.24 Bn | 68.99 Bn |
| 8 | Gilead Sciences | 193.87 Bn | 168.07 Bn | 6.22 Bn | 38.08 Bn |
| 9 | Pfizer | 170.66 Bn | 117.30 Bn | 10.94 Bn | 148.69 Bn |
| 10 | Bausch Health Companies | 2.39 Bn | -3.35 Bn | 2.08 Bn | 18.97 Bn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.97 Bn |
| Mar 31, 2026 | 19.68 Bn |
| Dec 31, 2025 | 20.26 Bn |
| Sep 30, 2025 | 20.48 Bn |
| Jun 30, 2025 | 21.89 Bn |
| Mar 31, 2025 | 21.27 Bn |
| Dec 31, 2024 | 20.34 Bn |
| Sep 30, 2024 | 21.27 Bn |
| Jun 30, 2024 | 21.43 Bn |
| Mar 31, 2024 | 21.90 Bn |
| Dec 31, 2023 | 22.31 Bn |
| Sep 30, 2023 | 22.20 Bn |
| Jun 30, 2023 | 20.82 Bn |
| Mar 31, 2023 | 20.80 Bn |
| Dec 31, 2022 | 21.03 Bn |
| Sep 30, 2022 | 21.65 Bn |
| Jun 30, 2022 | 22.07 Bn |
| Mar 31, 2022 | 23.03 Bn |
| Dec 31, 2021 | 22.62 Bn |
| Sep 30, 2021 | 22.22 Bn |
Bausch Health Companies Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=BHC&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "BHC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=BHC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();