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Bausch & Lomb vs Warby Parker: revenue, profit, margins and growth compared

Bausch & Lomb brought in $5.1B of revenue in fiscal 2025, Warby Parker $871.9M in fiscal 2025. Revenue changed by +6.5% at Bausch & Lomb and +13.0% at Warby Parker on the year before, so Warby Parker grew faster. Bausch & Lomb kept -7.1% of its revenue as net profit, Warby Parker 0.2%. Free cash flow was -$66M at Bausch & Lomb and $43.7M at Warby Parker.

Side by side, latest fiscal year

BLCOWRBY
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$5.1B$871.9M
Revenue growth+6.5%+13.0%
Net income-$360M$1.6M
Net margin-7.1%0.2%
Free cash flow-$66M$43.7M
Free cash flow margin-1.3%5.0%
Earnings per share (diluted)-$1.02$0.01
Cash$383M$286.4M
Debt$5Bn/a
Price to earningsn/a2671.0
Market value$6B$3.3B
Dividend yieldn/an/a
Rank by revenue in sector#61 of 523 · Health care#155 of 523 · Health care

Over the years

Revenue
BLCO FY2020: $3.4BBLCO FY2022: $3.8BBLCO FY2022: $3.8BBLCO FY2023: $4.1BBLCO FY2024: $4.8BBLCO FY2025: $5.1BWRBY FY2019: $370.5MWRBY FY2021: $393.7MWRBY FY2021: $540.8MWRBY FY2022: $598.1MWRBY FY2023: $669.8MWRBY FY2024: $771.3MWRBY FY2025: $871.9MFY19FY20FY21FY22FY23FY24FY25
BLCO $5.1BWRBY $871.9M
Net income
BLCO FY2020: -$18MBLCO FY2022: $182MBLCO FY2022: $6MBLCO FY2023: -$260MBLCO FY2024: -$317MBLCO FY2025: -$360MWRBY FY2019: $0WRBY FY2021: -$55.9MWRBY FY2021: -$144.3MWRBY FY2022: -$110.4MWRBY FY2023: -$63.2MWRBY FY2024: -$20.4MWRBY FY2025: $1.6MFY19FY20FY21FY22FY23FY24FY25
BLCO -$360MWRBY $1.6M
Net margin
BLCO FY2020: -0.5%BLCO FY2022: 4.8%BLCO FY2022: 0.2%BLCO FY2023: -6.3%BLCO FY2024: -6.6%BLCO FY2025: -7.1%WRBY FY2019: 0.0%WRBY FY2021: -14.2%WRBY FY2021: -26.7%WRBY FY2022: -18.5%WRBY FY2023: -9.4%WRBY FY2024: -2.6%WRBY FY2025: 0.2%FY19FY20FY21FY22FY23FY24FY25
BLCO -7.1%WRBY 0.2%
Revenue growth
BLCO FY2022: +10.3%BLCO FY2022: +0.1%BLCO FY2023: +10.0%BLCO FY2024: +15.6%BLCO FY2025: +6.5%WRBY FY2021: +6.3%WRBY FY2021: +37.4%WRBY FY2022: +10.6%WRBY FY2023: +12.0%WRBY FY2024: +15.2%WRBY FY2025: +13.0%FY21FY22FY23FY24FY25
BLCO +6.5%WRBY +13.0%
Free cash flow
BLCO FY2020: $269MBLCO FY2022: $680MBLCO FY2022: $170MBLCO FY2023: -$198MBLCO FY2024: -$59MBLCO FY2025: -$66MWRBY FY2019: -$11.2MWRBY FY2021: $12.7MWRBY FY2021: -$80.5MWRBY FY2022: -$49.8MWRBY FY2023: $7.3MWRBY FY2024: $34.7MWRBY FY2025: $43.7MFY19FY20FY21FY22FY23FY24FY25
BLCO -$66MWRBY $43.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Bausch & Lomb and Warby Parker

Which is bigger by revenue, Bausch & Lomb or Warby Parker?

Bausch & Lomb is bigger by revenue: $5.1B in fiscal 2025, against $871.9M for Warby Parker in fiscal 2025.

Which keeps more of its revenue as profit, Bausch & Lomb or Warby Parker?

Bausch & Lomb had a net margin of -7.1% in fiscal 2025; Warby Parker had 0.2% in fiscal 2025.

Which grew revenue faster, Bausch & Lomb or Warby Parker?

In their latest fiscal years revenue changed by +6.5% at Bausch & Lomb and +13.0% at Warby Parker.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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