Viatris

Health Care Pharmaceuticals Pittsburgh, Pennsylvania Last filing Feb 26, 2026 · FY2025

                    Revenue
                    FY2025
                
$14.3B
                    3y CAGR -4.2%
                    
                    P8
                    
                    -3.0%
                    
                    Net income
                    FY2025
                
$-3.5B
                    Net margin -24.7%
                    
                    P3
                    
                    -454.2%
                    
                    Total assets
                    FY2025
                
$37.2B
                    ROA -9.5%
                    
                    P3
                    
                    -10.4%
                    
                    Operating cash flow
                    FY2025
                
$2.3B
                    FCF margin +13.6%
                    
                    P39
                    
                    +0.6%

10 yrs · FY2016–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

31 accounts · 5 years

Total assets $37.2B

Total liabilities $22.5B

Shareholders equity $14.7B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	$1.3B 80.0%	$734.8M -25.9%	$991.9M -21.3%	$1.3B 79.7%	$701.2M
Accounts Receivable	$3.0B -5.9%	$3.2B -12.9%	$3.7B -3.0%	$3.8B -10.6%	$4.3B
Inventory	$4.0B 3.8%	$3.9B 11.1%	$3.5B -1.4%	$3.5B -11.5%	$4.0B
Prepaid Expenses	$1.4B -16.0%	$1.7B -15.7%	$2.0B 12.0%	$1.8B -7.5%	$2.0B
Other Current Assets	$136.2M -64.8%	$387.2M 42.9%	$271.0M -80.7%	$1.4B -4.3%	$1.5B
Total Current Assets	$9.8B 2.8%	$9.5B -26.6%	$13.0B 22.0%	$10.6B -2.5%	$10.9B
Property,Plant and Equipment	$2.6B -2.0%	$2.7B -3.4%	$2.8B -8.8%	$3.0B -5.1%	$3.2B
Operating Lease Assets	$271.3M 7.2%	$253.1M 3.1%	$245.6M -5.3%	$259.3M -10.8%	$290.8M
Goodwill	$6.8B -26.0%	$9.1B -7.4%	$9.9B -5.4%	$10.4B -13.9%	$12.1B
Intangible Assets	$15.1B -11.5%	$17.1B -11.0%	$19.2B -15.2%	$22.6B -13.5%	$26.1B
Deferred Tax Assets	$1.1B 40.9%	$753.0M 8.7%	$692.9M -25.2%	$925.9M -30.5%	$1.3B
Other Noncurrent Assets	$1.9B -20.6%	$2.4B 6.7%	$2.2B -8.1%	$2.4B 105.3%	$1.2B
Total Assets	$37.2B -10.4%	$41.5B -13.0%	$47.7B -4.7%	$50.0B -8.8%	$54.8B
Liabilities
Accounts Payable	$1.8B -5.4%	$1.9B -4.4%	$1.9B 9.7%	$1.8B 6.6%	$1.7B
Accrued Liabilities	$791.4M -31.0%	$1.1B 27.7%	$898.4M -8.1%	$978.1M -22.0%	$1.3B
Current Portion of Long Term Debt	$1.9B 23192.8%	$8.3M -99.6%	$1.9B 54.3%	$1.3B -32.9%	$1.9B
Operating Lease Liabilities	$109.4M 25.6%	$87.1M 4.9%	$83.0M 3.0%	$80.6M -7.0%	$86.7M
Other Current Liabilities	$3.3B -11.9%	$3.7B 9.7%	$3.4B -1.4%	$3.4B -25.5%	$4.6B
Total Current Liabilities	$7.1B 22.8%	$5.8B -25.7%	$7.8B 15.3%	$6.7B -31.7%	$9.9B
Long Term Debt	$12.5B -11.1%	$14.0B -13.3%	$16.2B -10.1%	$18.0B -8.6%	$19.7B
Operating Lease Liabilities Noncurrent	$178.1M -0.7%	$179.3M 8.4%	$165.4M -8.8%	$181.4M -9.7%	$200.9M
Deferred Tax Liabilities	$892.0M -19.5%	$1.1B -36.2%	$1.7B -28.6%	$2.4B -13.6%	$2.8B
Other Noncurrent Liabilities	$2.0B 3.9%	$1.9B 27.8%	$1.5B -13.6%	$1.8B -9.2%	$1.9B
Total Liabilities	$22.5B -1.7%	$22.9B -16.0%	$27.2B -6.0%	$28.9B -15.7%	$34.4B
Equity
Common Stock	$12.5M 1.6%	$12.3M 0.8%	$12.2M 0.8%	$12.1M 0.0%	$12.1M
Additional Paid In Capital	$18.8B -0.6%	$18.9B 0.6%	$18.8B 0.9%	$18.6B 0.6%	$18.5B
Retained Earnings	$-388.3M -111.4%	$3.4B -26.3%	$4.6B -10.4%	$5.2B 40.3%	$3.7B
Treasury Stock	$1.0B 99.7%	$504.3M 100.3%	$251.8M	$0	$0
Accumulated Other Comprehensive Income	$-2.7B 15.7%	$-3.2B -16.9%	$-2.7B 0.5%	$-2.8B -58.3%	$-1.7B
Total Stockholders Equity	$14.7B -21.1%	$18.6B -9.0%	$20.5B -2.9%	$21.1B 2.8%	$20.5B
Total Liabilitiesand Equity	$37.2B -10.4%	$41.5B -13.0%	$47.7B -4.7%	$50.0B -8.8%	$54.8B

Income Statement

Revenue, expense, and profitability

17 accounts · 5 years

Revenue $14.3B

Operating income $-2.7B

Net income $-3.5B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	$14.3B -3.0%	$14.7B -4.5%	$15.4B -5.1%	$16.2B -9.0%	$17.8B
Expenses Cost of Revenue	$9.3B 1.9%	$9.1B 1.4%	$9.0B -8.0%	$9.8B -20.7%	$12.3B
Expenses Research and Development	$965.9M 19.4%	$808.7M 0.4%	$805.2M 21.6%	$662.2M -11.8%	$751.1M
Expenses Selling,General and Administrative	$3.8B -7.6%	$4.1B 0.9%	$4.1B -2.6%	$4.2B -7.7%	$4.5B
Expenses Depreciation and Amortization	$2.8B -3.3%	$2.9B 5.6%	$2.7B -9.5%	$3.0B -32.8%	$4.5B
Expenses Share Based Compensation	$177.7M 21.6%	$146.1M -19.1%	$180.7M 55.2%	$116.4M 4.7%	$111.2M
Expenses Operating Expenses	$7.7B 36.8%	$5.6B -1.0%	$5.7B 16.2%	$4.9B -13.0%	$5.6B
Other Income Expense Gross Profit	$5.0B -10.8%	$5.6B -12.7%	$6.4B -0.9%	$6.5B 16.5%	$5.6B
Other Income Expense Operating Income	$-2.7B -26467.3%	$10.1M -98.7%	$766.2M -52.6%	$1.6B 4849.7%	$-34.0M
Other Income Expense Interest Expense	$471.3M -14.3%	$550.0M -4.0%	$573.1M -3.3%	$592.4M -6.9%	$636.2M
Other Income Expense Other Income/expense	$-530.6M -537.0%	$-83.3M -950.0%	$9.8M -99.5%	$1.8B 30774.1%	$5.8M
Other Income Expense Income Before Tax	$-3.7B -488.1%	$-623.2M -407.1%	$202.9M -92.8%	$2.8B 523.4%	$-664.4M
Income Tax Income Tax Expense	$-150.1M -1464.5%	$11.0M -92.6%	$148.2M -79.8%	$734.6M 21.5%	$604.7M
net Income net Income	$-3.5B -454.2%	$-634.2M -1259.4%	$54.7M -97.4%	$2.1B 263.8%	$-1.3B
net Income Comprehensive Income	$505.9M 208.7%	$-465.5M -3473.2%	$13.8M 101.4%	$-1.0B -14.7%	$-886.3M
Earnings Per Share Basic Eps	$-3 -466.0%	$-1 -1160.0%	$0 -97.1%	$2 262.9%	$-1
Earnings Per Share Diluted Eps	$-3 -466.0%	$-1 -1160.0%	$0 -97.1%	$2 262.9%	$-1

Cash Flow Statement

Operating, investing, and financing flows

24 accounts · 5 years

Operating cash flow $2.3B

Investing cash flow $-427.7M

Financing cash flow $-1.3B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	$-3.5B -454.2%	$-634.2M -1259.4%	$54.7M -97.4%	$2.1B 263.8%	$-1.3B
Operating Activities Depreciation and Amortization	$2.8B -3.3%	$2.9B 5.6%	$2.7B -9.5%	$3.0B -32.8%	$4.5B
Operating Activities Stock Based Compensation	$177.7M 21.6%	$146.1M -19.1%	$180.7M 55.2%	$116.4M 4.7%	$111.2M
Operating Activities Deferred Income Taxes	$-476.5M 37.9%	$-767.6M -98.3%	$-387.1M -1394.6%	$-25.9M -103.8%	$675.7M
Operating Activities Changes In Operating Assets and Liabilities	$-228.2M -153.9%	$423.3M -20.8%	$534.7M 7.0%	$499.8M 35.7%	$368.3M
Operating Activities net Cash From Operating Activities	$2.3B 0.6%	$2.3B -20.6%	$2.9B -3.3%	$3.0B -0.6%	$3.0B
Investing Activities Capital Expenditures	$378.8M 16.2%	$326.0M -13.5%	$377.0M -7.1%	$406.0M -11.2%	$457.2M
Investing Activities Business Acquisitions	$0 -100.0%	$350.0M -47.6%	$667.7M	$0 100.0%	$-277.0M
Investing Activities Purchases of Investments	$23.9M -8.1%	$26.0M -1.1%	$26.3M -12.9%	$30.2M 0.0%	$30.2M
Investing Activities Proceeds From Sale of Investments	$23.9M -8.1%	$26.0M -1.1%	$26.3M -12.0%	$29.9M 0.3%	$29.8M
Investing Activities Other Investing Activities	$35.5M 70.7%	$20.8M -78.7%	$97.5M 163.5%	$37.0M -29.1%	$52.2M
Investing Activities net Cash From Investing Activities	$-427.7M -123.8%	$1.8B 308.3%	$-864.5M -158.6%	$1.5B 1351.4%	$-117.8M
Financing Activities Proceeds From Debt	$0	$0 -100.0%	$300.0K -100.0%	$1.9B 9.7%	$1.7B
Financing Activities Repayment of Debt	$100.0K -100.0%	$3.7B 197.0%	$1.3B -65.9%	$3.7B -12.8%	$4.2B
Financing Activities Repurchase of Common Stock	$500.5M 100.2%	$250.0M 0.0%	$250.0M	$0	$0
Financing Activities Dividends Paid	$577.1M -1.6%	$586.7M -0.7%	$590.6M -0.2%	$591.8M 46.7%	$403.3M
Financing Activities Proceeds From Stock Issuance	$2.6M 4.0%	$2.5M -19.4%	$3.1M	$0	$0
Financing Activities Tax Withholding On Stock Based Compensation	$30.2M -43.3%	$53.3M 39.5%	$38.2M 120.8%	$17.3M -0.6%	$17.4M
Financing Activities Other Financing Activities	$-190.1M -164.4%	$295.2M 270.6%	$-173.0M -1030.1%	$18.6M 479.6%	$-4.9M
Financing Activities net Cash From Financing Activities	$-1.3B 70.1%	$-4.3B -88.1%	$-2.3B 40.6%	$-3.9B -28.7%	$-3.0B
Cash Reconciliation Effect of Exchange Rate On Cash	$17.6M 157.3%	$-30.7M -1128.0%	$-2.5M 93.6%	$-38.9M -25.9%	$-30.9M
Cash Reconciliation net Change In Cash	$611.9M 337.6%	$-257.5M 4.2%	$-268.9M -148.3%	$556.3M 486.9%	$-143.8M
Cash Reconciliation Cash At Beginning of Period	$1.3B 83.1%	$736.1M -25.9%	$993.6M -21.3%	$1.3B 78.8%	$706.2M
Cash Reconciliation Cash At End of Period	$1.3B 83.1%	$736.1M -25.9%	$993.6M -21.3%	$1.3B 78.8%	$706.2M

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+34.8%	+38.0%	+41.6%	+39.8%	+30.9%
Operating margin	-18.7%	+0.1%	+5.0%	+10.0%	-0.2%
Net margin	-24.7%	-4.3%	+0.4%	+12.8%	-7.1%
FCF margin	+13.6%	+13.5%	+16.4%	+16.0%	+14.4%
Growth
Revenue CAGR (3y)	-4.2%	-6.2%	+9.2%	+12.6%	+16.5%
Returns
ROE	-23.9%	-3.4%	+0.3%	+9.9%	-6.2%
ROA	-9.5%	-1.5%	+0.1%	+4.2%	-2.3%
ROIC	-9.6%	+0.0%	+0.5%	+3.1%	-0.1%
Liquidity
Current ratio	1.38x	1.65x	1.67x	1.58x	1.10x
Quick ratio	0.61x	0.68x	0.60x	0.75x	0.50x
Leverage
D/E	1.53x	1.23x	1.33x	1.37x	1.68x
Interest coverage	-5.65x	0.02x	1.34x	2.73x	-0.05x
Efficiency
Asset turnover	0.38x	0.35x	0.32x	0.32x	0.32x
Cash conversion cycle	+166d	+160d	+150d	+151d	+156d

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Viatris

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