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Bausch + Lomb Corporation
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$6.1B
Market Cap
904.8
P/E
0.97
PEG
1.7%
ROCE
-5.4%
ROE
0.81
D/E
3.7%
OPM
-13.6%
% from 52W High
60
α RS
🔍 BLCO is showing a notable setup because RS Rating is 60, an ECS of 60.8 last quarter, and it has maintained a 21-day Near 52-Week High momentum persistence. Net: Partial signal stack, not a recommendation. ? RS Rating ECS Momentum Streaks
Sources
RS Rating 60 · ECS 60.8 · Near 52-Week High streak: 21d
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🌏 Global Investor Returns
Currency-adjusted total returns for BLCO including FX impact
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📈 Price History
Ratio Health
— Excellent
— Good
— Average
— Poor
By Category
📊 Peer Medians
About

Bausch + Lomb Corporation operates as an eye health company in the United States, Puerto Rico, China, France, Japan, Germany, the United Kingdom, Canada, Russia, Spain, Italy, Mexico, Poland, and internationally. It operates in three segments: Vision Care, Pharmaceuticals, and Surgical. The Vision Care segment provides contact lens that covers the spectrum of wearing modalities, including daily disposable and frequently replaced contact lenses; and contact lenses that are indicated for therapeutic use and provide optical correction during healing. It also offers contact lens care products, eye vitamins, mineral supplements, and over-the-counter eye drops that address various conditions, such as eye allergies, conjunctivitis, dry eye, and redness relief. The Pharmaceuticals segment offers proprietary and generic pharmaceutical products for post-operative treatments, as well as for the treatment of glaucoma, eye inflammation, ocular hypertension, dry eyes, and retinal diseases. The Surgical segment provides medical device equipment, consumables, and technologies for the treatment of cataracts, corneal, vitreous, and retinal eye conditions; and intraocular lenses and delivery systems, phacoemulsification equipment, and other surgical instruments and devices for cataract surgery. The company sells its products and services through direct sales forces and independent distributors. Bausch + Lomb Corporation was founded in 1853 and is headquartered in Vaughan, Canada. Bausch + Lomb Corporation operates as a subsidiary of Bausch Health Companies Inc.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 283.1K $4.5M 0.01% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
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📊 MIXED Bausch + Lomb Q1 2026: 6% revenue growth, 59% EBITDA growth, strong dry eye
Revenue & Profitability
Q1 2026 revenue of $1.244 billion grew 6% on a constant currency basis (reported growth includes ~$42M FX tailwind). Adjusted EBITDA was $200 million, up 59% year-over-year, with a 16.1% margin (up 500 bps). Adjusted EPS was $0.08 versus a loss of $0.07 in the prior year. Net interest expense was $93 million. The company raised full-year 2026 revenue guidance to $5.42-$5.52 billion and adjusted EBITDA guidance to $1.01-$1.06 billion.
Outlook
Management sees long-term tailwinds from aging populations, rising myopia, and a shift toward premium products in cataract surgery and dry eye. The dry eye market remains under-penetrated and is expanding. For 2026, the company expects constant currency revenue growth of 5.3%-7.2% (revised up) and adjusted EBITDA growth of approximately 16% year-over-year at the midpoint. Risks include economic softness in Asia (China, Southeast Asia) and potential impacts from persistently elevated oil costs.
Growth Drivers
Key growth drivers include the dry eye prescription portfolio: MIEBO revenue grew 33% to $76 million, Xiidra revenue grew 30% to $87 million. In Vision Care, daily SiHy contact lenses grew 23%, LUMIFY grew 15%, Artelac (international dry eye) grew 34%, and Blink grew 5%. Surgical premium IOLs grew 27% globally, with enVista Envy U.S. sales up 88%. New product launches such as PreserVision AREDS 3 and Blink Triple Care Preservative-Free are expected to drive further growth.
Balance Sheet & CapEx
CapEx guidance for 2026 remains unchanged at approximately $285 million, with spending weighted to the first half. Q1 CapEx was $100 million, including $7 million of capitalized interest. Adjusted cash flow from operations was $45 million in the quarter, with expectations for stronger operating cash flow in the second half driven by earnings growth and working capital efficiencies.
Margins
Adjusted gross margin was 61.2% in Q1, up 170 bps year-over-year. Adjusted SG&A margin improved by approximately 340 bps, a result of the Vision 27 cost discipline initiative. Adjusted EBITDA margin reached 16.1%, up 500 bps. Full-year 2026 guidance implies an adjusted EBITDA margin of approximately 19% at the midpoint, with EBITDA growth expected at roughly 3x revenue growth. Management expects continued operating leverage and margin expansion toward the 2028 targets.
Key Risks
Management highlighted temporary headwinds in the surgical business from weather-related disruption to cataract procedures and reimbursement pressures in select markets. The rebuild of the U.S. surgical field force caused near-term transition impact, though early signs of productivity improvement are visible. Macro risks include potential persistent oil cost increases affecting logistics, and softer consumer sentiment in China and Southeast Asia. Seasonality in dry eye (Q1 weakest, Q4 strongest) and contact lenses was also noted.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-29
Q2 2026 saw 8% revenue growth and 28% adjusted EBITDA growth, with strong performance across all segments and significant margin expansion. Guidance for full-year revenue and EBITDA was raised, supported by robust cash flow and continued deleveraging.
Q1 2026 Q1 2026 2026-04-29
Q1 2026 delivered 6% revenue growth and 59% adjusted EBITDA growth, with margin expansion and strong performance across all segments. Guidance for 2026 was raised, reflecting confidence in continued growth, margin improvement, and robust pipeline execution.
Q4 2025 Q4 2025 2026-02-18
Record Q4 and full year results featured 7% revenue and 27% adjusted EBITDA growth, with all segments contributing and strong operating leverage. 2026 guidance calls for 5–7% revenue growth and 15% adjusted EBITDA growth, supported by robust product launches, margin expansion, and continued execution.
Q3 2025 Q3 2025 2025-10-29
Q3 2025 saw 6% revenue growth year-over-year, with strong performance across all segments and standout results in pharmaceuticals, particularly MIEBO. Margin expansion, disciplined cost management, and robust cash flow support a positive outlook, with guidance reaffirmed and a focus on innovation and financial excellence.
Q2 2025 Q2 2025 2025-07-30
Q2 revenue grew 3% year-over-year, with strong gains in dry eye and contact lens portfolios, despite a major recall and generics headwinds. Full-year guidance was raised, reflecting confidence in recovery, margin expansion, and robust R&D pipeline.
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📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
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Information Sources:
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