BHC Bausch Health Companies Inc. Common Stock

NYSE · Pharmaceuticals · View on SEC EDGAR ↗
$7.03
Price · Aug 19, 2026
Fundamentals as of Jul 30, 2026

BHC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$7.03
Market Cap
$2.60B
P/E (TTM)
16.7
EPS (TTM)
$0.42
Revenue (TTM)
$10.27B
Div Yield
ROE
-17.1%
Debt/Equity
-37.6
52W Range
$4 – $8

BHC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $10.27B
10-point trend, +6.1%
2016-12-31 2025-12-31
EPS $0.42
10-point trend, +106.1%
2016-12-31 2025-12-31
Free Cash Flow $1.00B
10-point trend, -45.8%
2016-12-31 2025-12-31
Margins 1.5%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
BHC
Peer Median
P/E (TTM)
5-point trend, +258.2%
16.7
12.7
P/S (TTM)
5-point trend, -78.7%
0.3
0.6
P/B
5-point trend, +95.0%
-4.7
0.6
EV / EBITDA
5-point trend, -82.9%
12.2
Price / FCF
5-point trend, -70.1%
2.6

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
BHC
Peer Median
Operating Margin
5-point trend, +230.7%
17.7%
Net Profit Margin
5-point trend, +113.6%
1.5%
-9.7%
ROA
5-point trend, +118.8%
0.59%
-7.0%
ROE
5-point trend, +96.1%
-17.1%
-92.8%
ROIC
5-point trend, +60.1%
2.9%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
BHC
Peer Median
Debt / Equity
5-point trend, +82.4%
-37.6
16.7
Current Ratio
5-point trend, +36.6%
1.5
2.6
Quick Ratio
5-point trend, +93.1%
0.9

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
BHC
Peer Median
Revenue YoY
5-point trend, +21.7%
6.7%
Revenue CAGR 3Y
5-point trend, +21.7%
8.1%
Revenue CAGR 5Y
5-point trend, +21.7%
5.0%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
BHC
Peer Median
EPS (Diluted)
5-point trend, +115.9%
$0.42

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
BHC
Peer Median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
Payout Ratio
5Y Div CAGR
Ex-dateAmount
Nov. 10, 2010$1.0000
Aug. 30, 2010$0.0950
May 28, 2010$0.0950
March 4, 2010$0.0900
Nov. 30, 2009$0.0900
Aug. 28, 2009$0.0900
May 13, 2009$0.0900
March 6, 2009$0.3750
Dec. 19, 2008$0.3750
Aug. 21, 2008$0.3750
May 20, 2008$0.3750
March 25, 2008$0.3750
Nov. 16, 2007$0.3750
Aug. 16, 2007$0.3750
May 18, 2007$0.3750
March 22, 2007$0.3750
Jan. 8, 2007$0.5000
Nov. 20, 2006$0.1250
Aug. 16, 2006$0.1250
May 19, 2006$0.1250

BHC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

SELL 8 analysts
  • Strong Buy 0 0.0%
  • Buy 0 0.0%
  • Hold 4 50.0%
  • Sell 3 37.5%
  • Strong Sell 1 12.5%

12-Month Price Target

5 analysts · 2026-08-15
Median target $7.00 -0.4%
Mean target $7.50 +6.7%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
-0.02%
Period EPS Actual EPS Est Surprise
June 30, 2026 $1.26 $1.05 0.21%
March 31, 2026 $0.78 $0.69 0.09%
Dec. 31, 2025 $1.10 $1.28 -0.18%
Sept. 30, 2025 $1.16 $1.13 0.03%
June 30, 2025 $0.91 $0.98 -0.07%
March 31, 2025 $0.60 $0.80 -0.20%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
BHC $2.58B 16.5 6.7% 1.5% -17.1%
TLRY $726M -5.1 11.5% -13.3% -7.8% 28.4%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 15
Annual Income Statement data for BHC
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +25.1% $10.27B $9.62B $8.76B $8.12B $8.43B $8.03B $8.60B $8.38B $8.72B $9.67B $10.45B $8.21B
Cost of Revenue 4-point trend, +15.1% · · · · · · · · $2.51B $2.57B $2.53B $2.18B
SG&A Expense 12-point trend, +69.7% $3.44B $3.30B $2.92B $2.62B $2.62B $2.37B $2.55B $2.47B $2.58B $2.81B $2.70B $2.03B
Operating Expenses 12-point trend, +36.2% $8.45B $8.08B $7.79B $7.67B $7.98B $7.35B $8.80B $10.76B $8.62B $10.24B $8.92B $6.21B
Operating Income 12-point trend, -9.4% $1.81B $1.55B $963M $454M $450M $676M $-203M $-2.38B $102M $-566M $1.53B $2.00B
Interest Income 12-point trend, +860.0% $48M $33M $26M $14M $7M $13M $12M $11M $12M $8M $4M $5M
Other Non-op 12-point trend, -154.0% $-142M $-247M $-28M $-35M $-373M $-502M $-1.43B $20M $348M $-73M $-295M $263M
Pretax Income 12-point trend, -65.2% $367M $167M $-390M $-129M $-1.02B $-934M $-1.84B $-4.15B $-1.74B $-2.44B $-155M $1.05B
Income Tax 12-point trend, +42.0% $247M $239M $221M $83M $-87M $-375M $-54M $-10M $-4.14B $-27M $133M $174M
Net Income 12-point trend, -82.2% $157M $-46M $-592M $-225M $-948M $-560M $-1.79B $-4.14B $2.40B $-2.41B $-288M $880M
EPS (Basic) 12-point trend, -84.0% $0.42 $-0.13 $-1.62 $-0.62 $-2.64 $-1.58 $-5.08 $-11.81 $6.86 $-6.94 $-0.85 $2.63
EPS (Diluted) 12-point trend, -83.7% $0.42 $-0.13 $-1.62 $-0.62 $-2.64 $-1.58 $-5.08 $-11.81 $6.83 $-6.94 $-0.85 $2.58
Shares (Basic) 12-point trend, +10.6% 370,900,000 368,000,000 364,900,000 362,000,000 358,900,000 355,000,000 352,100,000 351,300,000 350,200,000 347,300,000 342,700,000 335,400,000
Shares (Diluted) 12-point trend, +9.8% 375,000,000 368,000,000 364,900,000 362,000,000 358,900,000 355,000,000 352,100,000 351,300,000 351,800,000 347,300,000 342,700,000 341,500,000
EBITDA 12-point trend, -11.1% $1.81B $1.55B $963M $454M $450M $676M $-203M $-2.38B $102M $-566M $1.53B $2.04B
Balance Sheet 28
Annual Balance Sheet data for BHC
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +305.3% $1.31B $1.18B $947M $564M $582M $605M $3.24B $721M $720M $542M $597M $323M
Receivables 12-point trend, +13.3% $2.35B $2.14B $2.00B $1.79B $1.77B $1.58B $1.84B $1.86B $2.13B $2.52B $2.69B $2.08B
Inventory 12-point trend, +83.2% $1.63B $1.59B $1.54B $1.09B $993M $1.09B $1.11B $934M $1.05B $1.06B $1.26B $889M
Prepaid Expense 12-point trend, +30.9% $852M $838M $1.09B $776M $720M $855M $779M $689M $771M $696M $963M $651M
Current Assets 12-point trend, +49.0% $6.16B $5.77B $5.60B $4.25B $5.61B $5.34B $6.97B $4.21B $4.75B $5.08B $5.51B $4.13B
PP&E (Net) 12-point trend, +58.0% $2.07B $1.78B $1.71B $1.60B $1.60B $1.57B $1.47B $1.35B $1.40B $1.31B $1.44B $1.31B
PP&E (Gross) 12-point trend, +96.4% $4.50B $3.92B $3.79B $3.52B $3.42B $3.35B $3.11B $2.88B $2.83B $2.51B $2.63B $2.29B
Accum. Depreciation 12-point trend, +147.9% $2.42B $2.14B $2.08B $1.92B $1.82B $1.78B $1.64B $1.52B $1.43B $1.20B $1.18B $978M
Goodwill 12-point trend, +20.4% $11.27B $11.09B $11.18B $11.55B $12.46B $13.04B $13.13B $13.14B $15.59B $15.79B $18.55B $9.36B
Intangibles 12-point trend, -58.8% $4.64B $5.55B $6.46B $5.80B $6.95B $8.45B $10.20B $12.00B $15.21B $18.88B $23.08B $11.28B
Other Non-current Assets 12-point trend, +125.8% $378M $363M $307M $326M $340M $664M $411M $109M $111M $184M $224M $167M
Total Assets 12-point trend, +0.2% $26.37B $26.52B $27.35B $25.69B $29.20B $31.20B $33.86B $32.49B $37.50B $43.53B $48.97B $26.30B
Accounts Payable 12-point trend, +50.8% $600M $589M $719M $521M $407M $337M $503M $411M $365M $324M $434M $398M
Accrued Liabilities 12-point trend, +55.0% $3.34B $3.49B $3.13B $2.99B $4.79B $4.58B $4.51B $3.20B $3.69B $3.23B $3.86B $2.16B
Short-term Debt 3-point trend, -3.2% · · · · · · · · · $6M $16M $6M
Current Liabilities 12-point trend, +54.3% $4.18B $6.75B $4.30B $3.94B $5.20B $4.91B $6.25B $3.84B $4.27B $3.61B $5.31B $2.71B
Capital Leases 7-point trend, -30.4% $167M $165M $148M $184M $214M $227M $240M · · · · ·
Deferred Tax 12-point trend, -93.4% $147M $128M $163M $202M $529M $528M $705M $885M $1.18B $5.43B $5.90B $2.22B
Other Non-current Liabilities 12-point trend, +302.3% $793M $713M $776M $741M $653M $1.01B $851M $581M $526M $486M $185M $197M
Total Liabilities 12-point trend, +24.3% $25.99B $26.84B $27.43B $25.43B $29.24B $30.59B $32.73B $29.68B $31.55B $40.27B $42.94B $20.90B
Long-term Debt 12-point trend, +36.7% $20.82B $21.62B $22.39B $20.77B $22.65B $23.93B $25.89B $24.30B $25.44B $29.85B $31.09B $15.23B
Total Debt 12-point trend, +36.4% $20.82B $21.62B $22.39B $20.77B $22.65B $23.93B $25.89B $24.30B $25.44B $29.85B $31.10B $15.26B
Common Stock 12-point trend, +26.0% $10.52B $10.49B $10.42B $10.39B $10.32B $10.23B $10.17B $10.12B $10.09B $10.04B $9.90B $8.35B
Retained Earnings 12-point trend, -303.2% $-9.67B $-9.82B $-9.78B $-9.19B $-8.96B $-8.01B $-7.45B $-5.66B $-2.73B $-5.13B $-2.75B $-2.40B
AOCI 12-point trend, -92.2% $-1.76B $-2.18B $-1.88B $-2.06B $-1.92B $-2.13B $-2.09B $-2.14B $-1.90B $-2.11B $-1.54B $-916M
Stockholders' Equity 12-point trend, -110.5% $-554M $-1.28B $-1.02B $-692M $-106M $535M $1.06B $2.73B $5.85B $3.15B $5.91B $5.28B
Liabilities + Equity 12-point trend, +0.2% $26.37B $26.52B $27.35B $25.69B $29.20B $31.20B $33.86B $32.49B $37.50B $43.53B $48.97B $26.30B
Shares Outstanding 12-point trend, +10.8% 370,531,987 367,843,058 365,238,917 361,898,846 359,405,748 355,422,347 352,562,636 349,871,102 348,708,567 347,821,606 342,926,531 334,402,964
Cash Flow 16
Annual Cash Flow data for BHC
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, -25.2% $1.21B $1.27B $1.26B $1.39B $1.55B $1.82B $2.08B $2.82B $2.86B $2.87B $2.47B $1.61B
Stock-based Comp 12-point trend, +176.9% $216M $150M $132M $126M $128M $105M $102M $87M $87M $165M $140M $78M
Deferred Tax 12-point trend, +473.9% $132M $69M $6M $-188M $-36M $-599M $-182M $-337M $-4.31B $-268M $56M $23M
Restructuring 7-point trend, -94.2% · · · · · $22M $31M $22M $52M $132M $362M $382M
Operating Cash Flow 12-point trend, -39.4% $1.40B $1.60B $1.03B $-728M $1.43B $1.11B $1.50B $1.50B $2.29B $2.09B $2.26B $2.31B
CapEx 12-point trend, +36.0% $397M $337M $215M $218M $269M $302M $270M $157M $171M $235M $235M $292M
Investing Cash Flow 12-point trend, -495.0% $-595M $-454M $-2.15B $-303M $409M $-261M $-419M $-196M $2.89B $-125M $-15.58B $-100M
Debt Issued 12-point trend, +547.5% $10.55B $661M $3.29B $6.84B $2.10B $3.46B $5.96B $8.94B $9.42B $1.22B $17.82B $1.63B
Net Debt Issued 12-point trend, +71.8% $-637M $-799M $1.58B $-1.01B $-1.34B $-2.19B $1.55B $-1.16B $-4.78B $-1.22B $15.76B $-2.26B
Stock Issued 4-point trend, +0.00 · · · · · · · · $0 $0 $1.43B $0
Stock Repurchased 4-point trend, +0.00 · · · · · · · · $0 $0 $72M $0
Net Stock Activity 4-point trend, +0.00 · · · · · · · · $0 $0 $1.36B $0
Financing Cash Flow 12-point trend, +69.8% $-742M $-868M $1.48B $-474M $-1.51B $-2.29B $1.44B $-1.35B $-4.96B $-1.96B $13.62B $-2.46B
Net Change in Cash 11-point trend, -54.7% $124M $239M $371M $-1.53B $303M $-1.43B $2.52B $-74M $255M $-55M $274M ·
Taxes Paid $163M · · · · · · · · · · ·
Free Cash Flow 12-point trend, -49.9% $1.00B $1.26B $817M $-946M $1.16B $809M $1.23B $1.34B $2.12B $1.85B $1.97B $2.00B
Profitability 7
Annual Profitability data for BHC
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 12-point trend, -28.4% 17.7% 16.1% 11.0% 5.6% 5.3% 8.4% -2.4% -28.4% 1.2% -5.9% 14.6% 24.7%
Net Margin 12-point trend, -86.1% 1.5% -0.48% -6.8% -2.8% -11.2% -7.0% -20.7% -49.5% 27.6% -24.9% -2.8% 11.0%
Pretax Margin 12-point trend, -73.0% 3.6% 1.7% -4.5% -1.6% -12.1% -11.6% -21.4% -49.6% -20.0% -25.2% -1.5% 13.2%
EBITDA Margin 12-point trend, -28.4% 17.7% 16.1% 11.0% 5.6% 5.3% 8.4% -2.4% -28.4% 1.2% -5.9% 14.6% 24.7%
ROA 12-point trend, -82.4% 0.59% -0.17% -2.2% -0.82% -3.1% -1.7% -5.4% -11.8% 5.9% -5.2% -0.76% 3.4%
ROE 12-point trend, -197.9% -17.1% 4.0% 69.1% 56.4% -442.0% -70.0% -93.9% -114.0% 53.4% -53.1% -5.1% 17.5%
ROIC 12-point trend, -64.6% 2.9% -3.3% 7.1% 3.7% 1.8% 1.7% -0.73% -8.8% -0.45% -1.7% 7.6% 8.3%
Liquidity & Solvency 4
Annual Liquidity & Solvency data for BHC
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 12-point trend, -4.1% 1.5 0.9 1.3 1.1 1.1 1.1 1.1 1.1 1.1 1.4 1.0 1.5
Quick Ratio 12-point trend, -0.3% 0.9 0.5 0.7 0.6 0.5 0.4 0.8 0.7 0.7 0.8 0.6 0.9
Debt / Equity 12-point trend, -1408.0% -37.6 -16.9 -21.9 -30.0 -213.7 44.7 24.4 8.9 4.4 9.5 5.3 2.9
LT Debt / Equity 12-point trend, -1394.5% -37.2 -14.8 -21.5 -29.4 -213.7 44.7 23.2 8.8 4.3 9.5 5.1 2.9
Efficiency 3
Annual Efficiency data for BHC
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, +27.5% 0.4 0.4 0.3 0.3 0.3 0.2 0.3 0.2 0.2 0.2 0.3 0.3
Inventory Turnover 4-point trend, -0.8% · · · · · · · · 2.4 2.2 2.4 2.4
Receivables Turnover 12-point trend, +3.8% 4.6 4.7 4.6 4.6 5.0 4.7 4.6 4.2 3.8 3.7 4.4 4.4
Per Share 5
Annual Per Share data for BHC
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 12-point trend, -109.4% $-1.50 $-3.48 $-2.80 $-1.91 $-0.29 $1.51 $3.02 $7.81 $16.77 $9.06 $17.24 $15.89
Revenue / Share 11-point trend, +13.1% $27.38 $26.15 $24.00 $22.44 $23.50 · $24.43 $23.85 $24.80 $27.85 $30.48 $24.20
Cash Flow / Share 11-point trend, -44.4% $3.73 $4.34 $2.83 $-2.01 $3.97 · $4.26 $4.27 $6.51 $6.01 $6.42 $6.72
Cash / Share 12-point trend, +266.2% $3.53 $3.21 $2.59 $1.56 $1.62 $1.70 $9.20 $2.06 $2.06 $1.56 $1.74 $0.96
EPS (TTM) 12-point trend, -83.7% $0.42 $-0.13 $-1.62 $-0.62 $-2.64 $-1.58 $-5.08 $-11.81 $6.83 $-6.94 $-0.85 $2.58
Growth Rates 3
Annual Growth Rates data for BHC
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, +31.4% 6.7% 9.9% 7.8% -3.7% 5.1% · · · · · · ·
Revenue CAGR 3Y 3-point trend, +175.9% 8.1% 4.5% 2.9% · · · · · · · · ·
Revenue CAGR 5Y 5.0% · · · · · · · · · · ·
Valuation (TTM) 13
Annual Valuation (TTM) data for BHC
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +25.1% $10.27B $9.62B $8.76B $8.12B $8.43B $8.03B $8.60B $8.38B $8.72B $9.67B $10.45B $8.21B
Net Income TTM 12-point trend, -82.2% $157M $-46M $-592M $-225M $-948M $-560M $-1.79B $-4.14B $2.40B $-2.41B $-288M $880M
Market Cap 12-point trend, -94.6% $2.58B $2.96B $2.93B $2.27B $9.92B $7.39B $10.55B $6.46B $7.25B $5.05B $34.86B $47.86B
Enterprise Value 12-point trend, -64.8% $22.08B $23.40B $24.37B $22.47B $32.00B $30.71B $33.20B $30.05B $31.97B $34.36B $65.37B $62.79B
P/E 12-point trend, -70.2% 16.5 -62.0 -5.0 -10.1 -10.5 -13.2 -5.9 -1.6 3.0 -2.1 -119.6 55.5
P/S 12-point trend, -95.7% 0.3 0.3 0.3 0.3 1.2 0.9 1.2 0.8 0.8 0.5 3.3 5.8
P/B 12-point trend, -151.6% -4.6 -2.3 -2.9 -3.3 -93.6 13.8 9.9 2.4 1.2 1.6 5.9 9.0
P / Cash Flow 12-point trend, -91.2% 1.8 1.9 2.8 -3.1 7.0 6.7 7.0 4.3 3.2 2.4 15.8 20.9
P / FCF 12-point trend, -89.3% 2.6 2.4 3.6 -2.4 8.6 9.1 8.6 4.8 3.4 2.7 17.7 23.9
EV / EBITDA 12-point trend, -60.4% 12.2 15.1 25.3 49.5 71.1 45.4 -163.6 -12.6 313.4 -60.7 42.8 30.8
EV / FCF 12-point trend, -29.8% 22.0 18.6 29.8 -23.8 27.7 38.0 27.0 22.4 15.1 18.6 33.3 31.3
EV / Revenue 12-point trend, -71.9% 2.2 2.4 2.8 2.8 3.8 3.8 3.9 3.6 3.7 3.6 6.3 7.7
Earnings Yield 12-point trend, +235.6% 6.0% -1.6% -20.2% -9.9% -9.6% -7.6% -17.0% -63.9% 32.9% -47.8% -0.84% 1.8%

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $10.27B$9.62B$8.76B$8.12B$8.43B
Operating Margin % 17.7%16.1%11.0%5.6%5.3%
Net Income $157M$-46M$-592M$-225M$-948M
Diluted EPS $0.42$-0.13$-1.62$-0.62$-2.64
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Debt / Equity -37.6-16.9-21.9-30.0-213.7
Current Ratio 1.50.91.31.11.1
Quick Ratio 0.90.50.70.60.5
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $1.00B$1.26B$817M$-946M$1.16B

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Institutional owners (13F) 264 filers · $1.1B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
35 (+6 vs prior Q) 30 (0 vs prior Q) 79 (-11 vs prior Q) 66 (+7 vs prior Q) +22.3M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
PAULSON & CO. INC. $361,151,434 73,255,869 32.22% Shares
GOLDENTREE ASSET MANAGEMENT LP $170,706,865 34,665,731 15.23% Shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND $39,440,000 8,000,000 3.52% Shares
VANGUARD CAPITAL MANAGEMENT LLC $36,797,292 7,465,468 3.28% Shares
GEODE CAPITAL MANAGEMENT, LLC $32,979,314 4,764,873 2.94% Shares
MFN Partners Management, LP $29,580,000 6,000,000 2.64% Shares
GOLDMAN SACHS GROUP INC $29,197,792 5,922,473 2.60% Shares
Kohlberg Kravis Roberts & Co. L.P. $25,808,550 5,235,000 2.30% Shares
ING GROEP NV $24,650,000 5,000,000 2.20% Shares
Hudson Bay Capital Management LP $24,650,000 5,000,000 2.20% Shares
Lombard Odier Asset Management (USA) Corp $19,720,000 4,000,000 1.76% Put option
NORGES BANK $16,914,543 3,431,117 1.51% Shares
ROYAL BANK OF CANADA $16,445,000 3,335,713 1.47% Shares
MACQUARIE GROUP LTD $16,022,500 3,250,000 1.43% Shares
GENDELL JEFFREY L $14,927,404 3,027,871 1.33% Shares
DIMENSIONAL FUND ADVISORS LP $14,012,243 2,842,240 1.25% Shares
D. E. Shaw & Co., Inc. $12,484,879 2,533,096 1.11% Shares
VANGUARD FIDUCIARY TRUST CO $11,094,735 2,250,910 0.99% Shares
Point72 Asset Management, L.P. $11,021,637 2,235,821 0.98% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $10,771,345 2,186,244 0.96% Shares
TWO SIGMA INVESTMENTS, LP $10,528,419 2,135,582 0.94% Shares
PRIVATE MANAGEMENT GROUP INC $8,301,316 1,683,837 0.74% Shares
Qube Research & Technologies Ltd $8,291,856 1,681,918 0.74% Shares
TWO SIGMA ADVISERS, LP $7,366,576 1,059,939 0.66% Shares
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main $7,365,406 1,494,205 0.66% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $6,903,479 1,400,300 0.62% Put option
RENAISSANCE TECHNOLOGIES LLC $6,530,027 1,324,549 0.58% Shares
Man Group plc $6,505,322 1,319,538 0.58% Shares
BARCLAYS PLC $6,162,500 1,250,000 0.55% Put option
MILLENNIUM MANAGEMENT LLC $5,394,096 1,095,104 0.48% Shares
VANGUARD GROUP INC $5,138,119 740,043 0.46% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $5,138,046 1,042,200 0.46% Call option
DEUTSCHE BANK AG\ $4,930,000 1,000,000 0.44% Call option
TD Asset Management Inc $4,624,904 938,710 0.41% Shares
BANK OF MONTREAL /CAN/ $4,396,480 892,927 0.39% Shares
SIG North Trading, ULC $4,360,585 884,500 0.39% Call option
Bridgewater Associates, LP $4,270,785 866,285 0.38% Shares
Vanguard Global Advisers, LLC $4,217,745 855,700 0.38% Shares
O'SHAUGHNESSY ASSET MANAGEMENT, LLC $3,712,320 753,006 0.33% Shares
CITADEL ADVISORS LLC $3,660,525 742,500 0.33% Put option
GAMCO INVESTORS, INC. ET AL $3,486,772 707,256 0.31% Shares
WHITEBOX ADVISORS LLC $3,030,333 614,672 0.27% Shares
Jump Financial, LLC $3,012,723 611,100 0.27% Shares
WOLVERINE ASSET MANAGEMENT LLC $2,680,441 543,700 0.24% Put option
Trexquant Investment LP $2,644,649 536,440 0.24% Shares
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO $2,564,884 520,609 0.23% Shares
MACKENZIE FINANCIAL CORP $2,555,362 365,574 0.23% Shares
Swiss National Bank $2,498,689 508,460 0.22% Shares
CANADA PENSION PLAN INVESTMENT BOARD $2,418,350 491,168 0.22% Shares
Federation des caisses Desjardins du Quebec $2,391,971 496,238 0.21% Shares
Quadrature Capital Ltd $2,045,224 415,116 0.18% Shares
NOMURA HOLDINGS INC $1,969,141 399,420 0.18% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $1,942,204 394,378 0.17% Shares
Nuveen Asset Management, LLC $1,733,240 214,522 0.15% Shares
Fore Capital, LLC $1,725,500 350,000 0.15% Call option
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp $1,610,228 327,038 0.14% Shares
PICTON MAHONEY ASSET MANAGEMENT $1,471,116 299,232 0.13% Shares
WOLVERINE TRADING, LLC $1,324,409 204,700 0.12% Put option
CIBC Asset Management Inc $1,305,024 265,310 0.12% Shares
Walleye Trading LLC $1,298,069 263,300 0.12% Put option
Engineers Gate Manager LP $1,232,456 249,991 0.11% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $1,166,808 237,211 0.10% Shares
NATIONAL BANK OF CANADA /FI/ $1,112,640 233,062 0.10% Shares
VANGUARD ASSET MANAGEMENT, Ltd $1,100,384 223,247 0.10% Shares
Mitsubishi UFJ Trust & Banking Corp $1,039,572 211,124 0.09% Shares
Universal- Beteiligungs- und Servicegesellschaft mbH $1,005,034 203,963 0.09% Shares
WOLVERINE TRADING, LLC $983,440 152,000 0.09% Call option
Nuveen, LLC $933,283 189,427 0.08% Shares
BNP PARIBAS FINANCIAL MARKETS $923,813 187,386 0.08% Shares
VAN ECK ASSOCIATES CORP $914,830 185,537 0.08% Shares
RITHOLTZ WEALTH MANAGEMENT $894,992 181,540 0.08% Shares
Sequoia Financial Advisors, LLC $879,019 178,300 0.08% Call option
Caption Management, LLC $827,747 167,900 0.07% Put option
JANE STREET GROUP, LLC $785,842 159,400 0.07% Put option
Kazazian Asset Management, LLC $739,500 150,000 0.07% Shares
CIBC WORLD MARKET INC. $725,182 147,267 0.06% Shares
CITADEL ADVISORS LLC $711,892 144,400 0.06% Call option
AMERICAN CENTURY COMPANIES INC $702,627 142,561 0.06% Shares
FOX RUN MANAGEMENT, L.L.C. $688,859 139,728 0.06% Shares
TRUIST FINANCIAL CORP $670,480 136,000 0.06% Call option
Walleye Trading LLC $666,531 135,199 0.06% Shares
INTACT INVESTMENT MANAGEMENT INC. $582,028 118,100 0.05% Shares
SIG North Trading, ULC $576,317 116,900 0.05% Put option
Graham Capital Management, L.P. $502,717 101,971 0.04% Shares
Squarepoint Ops LLC $501,568 101,738 0.04% Shares
Y-Intercept (Hong Kong) Ltd $458,830 93,069 0.04% Shares
MARSHALL WACE, LLP $453,787 92,046 0.04% Shares
Zurcher Kantonalbank (Zurich Cantonalbank) $438,349 88,971 0.04% Shares
Vontobel Holding Ltd. $426,322 86,475 0.04% Shares
XTX Topco Ltd $419,632 85,118 0.04% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $411,877 83,545 0.04% Shares
Marex Group Ltd $410,082 83,181 0.04% Shares
Poehling Capital Management, INC. $406,562 82,467 0.04% Shares
AQR CAPITAL MANAGEMENT LLC $405,837 82,424 0.04% Shares
Fore Capital, LLC $394,400 80,000 0.04% Shares
Annis Gardner Whiting Capital Advisors, LLC $392,936 79,703 0.04% Shares
BlackRock, Inc. $391,679 79,448 0.03% Shares
CITADEL ADVISORS LLC $391,334 79,378 0.03% Shares
TRUIST FINANCIAL CORP $387,118 78,523 0.03% Shares
Schonfeld Strategic Advisors LLC $386,549 78,408 0.03% Shares

Company insiders 79 insiders · 37 officers · 40 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Thomas Appio Chief Executive Officer March 2, 2026 J 2,315,374 0 0 $0
Howard Bradley Schiller Chairman and CEO Feb. 18, 2016 F 336,784 0 0 $0
Michael J. Pearson Chief Executive Officer Dec. 31, 2015 F 1,514,664 0 0 $0
Jean-Jacques Charhon EVP, CFO Feb. 27, 2026 F 706,478 0 0 $0
Tom George Vadaketh EVP, Chief Financial Officer Sept. 5, 2023 F 564,933 0 0 $0
Sam Eldessouky EVP & Chief Financial Officer March 3, 2022 F 119,455 0 0 $0
Robert L. Rosiello EVP, Chief Financial Officer May 12, 2016 A 534,525 0 0 $0
Philip Walden Loberg Jr EVP, Interim CFO July 25, 2011 A 145,065 0 0 $0
Margaret Jean Mulligan Chief Financial Officer Oct. 4, 2010 A 0 0 $0
Aimee J. Lenar President, US Pharma July 17, 2026 F 371,680 0 0 $0
Robert Spurr President, U.S. Businesses May 10, 2022 M 112,741 0 0 $0
William D. Humphries President, Ortho-Dermatologics Dec. 4, 2020 M 235,035 0 0 $0
Mark C. Mckenna President, Salix Aug. 19, 2019 S 20,756 0 0 $0
Rajiv De Silva President and COO Jan. 5, 2013 F 259,767 0 0 $0
Richard Kevin Masterson Pres. & COO, Valeant Intl. BB May 10, 2012 S 89,524 0 0 $0
Michel Chouinard COO, Biovail Labs. Intl SRL Dec. 22, 2010 A 2,470 0 0 $0
Gilbert Godin EVP & COO July 5, 2010 A 0 0 $0
Steven Hyosig Lee SVP, Controller & CAO July 14, 2026 F 70,114 0 0 $0
Seana Carson EVP, General Counsel March 3, 2026 S 616,761 0 4 $-212,775
John S Barresi SVP, Controller & CAO Feb. 28, 2025 F 192,268 0 0 $0
Frederick Munsch SVP, Controller and CAO May 3, 2022 F 22,435 0 0 $0
Christina Ackermann EVP AND GENERAL COUNSEL March 10, 2022 F 162,240 0 0 $0
Joseph F Gordon Pres&Co-Head Bausch&Lomb/Int'l March 8, 2022 S 93,139 0 0 $0
Ari Kellen EVP, Company Group Chairman May 12, 2016 A 650,774 0 0 $0
Anne Clem Whitaker EVP, Company Group Chairman May 12, 2016 A 165,390 0 0 $0
Robert Roswell Chai-Onn EVP, CLO, General Counsel May 12, 2016 A 124,815 0 0 $0
Debora Jorn EVP, Company Group Chairman Nov. 20, 2015 F 34,812 0 0 $0
Pavel Mirovsky EVP, Pres. & GM Valeant EMENA June 23, 2015 A 69,525 0 0 $0
Brian M. Stolz EVP, Administration & CHCO June 22, 2015 F 125,280 0 0 $0
Laizer Kornwasser EVP, Company Group Chairman April 27, 2015 D 98,824 0 0 $0
Daniel Mark Wechsler EVO, Co. Grp. Chmn, Eye Health Aug. 12, 2013 A 0 0 $0
Susan Hall Global Head of R&D July 26, 2013 M 27,588 0 0 $0
Jason David Hanson EVP, Company Group Chairman Dec. 11, 2012 A 0 0 $0
Mark Andrew Durham SVP Human Resources May 11, 2011 M 61,595 0 0 $0
Christine Mayer SVP, BTA Pharmaceuticals, Inc. Oct. 4, 2010 A 0 0 $0
Hans Christian Fibiger Chief Scientific Officer Oct. 4, 2010 A 0 0 $0
Gregory David Gubitz SVP, Corp. Devel. & GC July 5, 2010 A 0 0 $0
Amy B Wechsler Director June 30, 2026 A 314,979 0 0 $0
John Paulson Director June 30, 2026 A 430,242 0 0 $0
Sandra Leung Director June 30, 2026 A 97,070 0 0 $0
Frank D. Lee Director May 22, 2026 A 95,210 0 2 $-254,682
Michael Goettler Director May 22, 2026 A 76,020 0 0 $0
Eiry Roberts Director May 22, 2026 A 45,871 0 0 $0
Sarah B Kavanagh Director May 22, 2026 A 282,230 0 0 $0
Christian A Garcia Director May 22, 2026 A 135,578 0 0 $0
Robert N Power Director May 22, 2026 A 300,594 0 0 $0
Brett Icahn Director June 30, 2025 A 220,280 0 0 $0
Steven D Miller Director May 16, 2025 A 229,224 0 0 $0
Richard Mulligan Director May 16, 2025 A 155,616 0 0 $0
Russel C Robertson Director March 29, 2024 A 225,279 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 28 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Icahn Partners Master Fund LP, Icahn Offshore LP, Icahn Partners LP, Icahn Onshore LP, Icahn Capital LP, IPH GP LLC, Icahn Enterprises Holdings L.P., Icahn Enterprises G.P. Inc., Beckton Corp., Carl C. Icahn ×6 filings Aug. 15, 2025 0.00% Amendment SEC
PAULSON & CO. INC. ×6 filings Aug. 14, 2025 19.10% Amendment SEC
Alex Meruelo April 7, 2025 9.99% Initial filing Passive investment SEC
Aug. 19, 2024 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person May 13, 2022 Initial filing SEC
Glenview Capital Management, LLC, Larry Robbins ×2 filings Dec. 13, 2021 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person June 21, 2021 Initial filing SEC
Feb. 24, 2021 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person March 16, 2017 Initial filing SEC
Pershing Square Capital Management, L.P., PS Management GP, LLC, William A. Ackman ×12 filings March 14, 2017 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person June 15, 2015 Initial filing SEC
Valeant Pharmaceuticals International, Inc., Valeant Pharmaceuticals International ×10 filings Nov. 20, 2014 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Sept. 25, 2014 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person May 8, 2014 Initial filing SEC
Undisclosed reporting person, Undisclosed reporting person May 23, 2012 Initial filing SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 23 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
DTAN · EA Series Trust 0.28% 10,972 NS May 29, 2026 N-PORT
TLTD · FlexShares Trust 0.09% 95,424 NS April 30, 2026 N-PORT
ISCF · iShares Trust 0.07% 79,984 SH Aug. 8, 2026 Daily
SCHC · SCHWAB STRATEGIC TRUST 0.05% 542,712 NS May 31, 2026 N-PORT
DFIS · Dimensional ETF Trust 0.03% 335,303 NS April 30, 2026 N-PORT
DXIV · Dimensional ETF Trust 0.03% 7,943 NS April 30, 2026 N-PORT
FNDF · SCHWAB STRATEGIC TRUST 0.03% 1,414,010 NS May 31, 2026 N-PORT
VSS · VANGUARD INTERNATIONAL EQUITY INDEX… 0.03% 978,582 SH Aug. 8, 2026 Daily
DISV · Dimensional ETF Trust 0.03% 214,485 NS April 30, 2026 N-PORT
PXF · Invesco Exchange-Traded Fund Trust … 0.02% 113,940 SH Aug. 8, 2026 Daily
WSML · iShares Trust 0.01% 16,371 SH Aug. 8, 2026 Daily
DFIC · Dimensional ETF Trust 0.01% 194,355 NS April 30, 2026 N-PORT
IDEV · iShares Trust 0.01% 358,322 SH Aug. 8, 2026 Daily
DFAX · Dimensional ETF Trust 0.01% 120,510 NS April 30, 2026 N-PORT
DFSI · Dimensional ETF Trust 0.01% 10,838 NS April 30, 2026 N-PORT
AVDE · AMERICAN CENTURY ETF TRUST 0.00% 132,116 NS May 31, 2026 N-PORT
AVDS · AMERICAN CENTURY ETF TRUST 0.00% 2,277 NS May 31, 2026 N-PORT
IXUS · iShares Trust 0.00% 379,782 SH Aug. 8, 2026 Daily
DFAI · Dimensional ETF Trust 0.00% 99,833 NS April 30, 2026 N-PORT
VXUS · VANGUARD STAR FUNDS 0.00% 3,762,192 SH Aug. 8, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.00% 190,882 SH Aug. 8, 2026 Daily
VEA · VANGUARD TAX-MANAGED FUNDS 0.00% 2,481,313 SH Aug. 8, 2026 Daily
VSGX · VANGUARD WORLD FUND 0.00% 52,499 SH Aug. 8, 2026 Daily