Bausch + Lomb Corporation (BLCO) vs Solventum Corporation (SOLV)

Bausch + Lomb Corporation and Solventum Corporation are both Medical Instruments & Supplies companies. Solventum Corporation is the larger, with a market value of $14.8B against $7.1B — 2.1× the size. Bausch + Lomb Corporation has negative trailing earnings, so its P/E is not meaningful; Solventum Corporation trades at 97.3×. Bausch + Lomb Corporation grew revenue faster over the last twelve months: 8.88% against −2.84%. Solventum Corporation has the higher net margin (1.91% vs −2.05%) and the lower return on invested capital (0.00% vs 2.16%). Across the 18 metrics below, Bausch + Lomb Corporation leads on 10 and Solventum Corporation on 8.

Valuation

Metric BLCO SOLV Medical Instruments & Supplies median
P/E n/m 97.26 30.28
P/S 1.32 1.81 2.49
P/B 1.10 3.08 2.34
Price to free cash flow 31.41 n/m 23.49
EV/EBITDA 14.62 7.60 14.87
EV/Sales 2.16 2.40 2.75
Earnings yield (1.52%) 1.03% 0.00%
Free cash flow yield 3.18% 0.00% 0.59%

Profitability

Metric BLCO SOLV Medical Instruments & Supplies median
Gross margin 62.55% 0.00% 53.60%
Operating margin 7.07% 0.00% 1.97%
Net margin (2.05%) 1.91% 0.00%
Free cash flow margin 4.65% 0.00% 2.36%
Return on equity (1.71%) 3.19% 0.00%
Return on assets (0.80%) 1.11% 0.00%
Return on invested capital 2.16% 0.00% 0.13%

Growth

Metric BLCO SOLV Medical Instruments & Supplies median
Revenue growth (TTM) 8.88% (2.84%) 8.97%
EPS growth (last fiscal year) (13.33%) 221.74% 6.51%
Revenue growth, 5-year CAGR 8.38% — 8.85%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric BLCO SOLV Medical Instruments & Supplies median
Debt to equity 0.78 0.11 0.10
Current ratio 1.56 1.03 2.47
Net debt to EBITDA 8.49 1.56 0.97

Dividend

Metric BLCO SOLV Medical Instruments & Supplies median
Dividend yield — — 1.02%
Payout ratio — — 0.27

Size

Metric BLCO SOLV Medical Instruments & Supplies median
Market cap 7.12b 14.84b 1.71b

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