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 -24.6%
                    
                    P4
                    
                    -454.2%
                    
                    Total assets
                    FY2025
                
$37.2B
                    ROA -9.5%
                    
                    P4
                    
                    -10.4%
                    
                    Operating cash flow
                    FY2025
                
$2.3B
                    FCF margin +13.5%
                    
                    P41
                    
                    +0.6%

8 yrs · FY2018–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

27 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	9.2%	5.0%	6.4%	7.7%	3.9%
Accounts Receivable	21.2%	21.9%	24.0%	23.5%	23.9%
Inventory	28.0%	26.1%	22.5%	21.6%	22.2%
Prepaid Expenses	10.0%	11.6%	13.1%	11.1%	10.9%
Total Current Assets	68.5%	64.6%	84.1%	65.4%	61.0%
Property,Plant and Equipment	18.3%	18.1%	17.9%	18.6%	17.8%
Goodwill	47.2%	62.0%	64.0%	64.1%	67.7%
Intangible Assets	105.6%	115.8%	124.3%	139.0%	146.1%
Deferred Tax Assets	7.4%	5.1%	4.5%	5.7%	7.5%
Other Noncurrent Assets	13.1%	16.0%	14.3%	14.8%	6.5%
Total Assets	260.1%	281.6%	309.1%	307.6%	306.6%
Liabilities
Accounts Payable	12.3%	12.6%	12.6%	10.9%	9.3%
Accrued Liabilities	0.9%	1.3%	1.5%	1.7%	1.3%
Current Portion of Long Term Debt	13.5%	0.1%	12.6%	7.7%	18.8%
Other Current Liabilities	23.0%	25.3%	23.8%	21.2%	25.8%
Total Current Liabilities	49.6%	39.2%	50.4%	41.5%	55.3%
Long Term Debt	87.3%	95.2%	104.9%	110.8%	110.2%
Deferred Tax Liabilities	6.2%	7.5%	11.3%	15.0%	15.7%
Other Noncurrent Liabilities	14.1%	13.2%	9.8%	10.8%	10.8%
Total Liabilities	157.2%	155.1%	176.4%	178.0%	192.0%
Equity
Common Stock	0.1%	0.1%	0.1%	0.1%	0.1%
Additional Paid In Capital	131.5%	128.4%	122.0%	114.7%	103.6%
Retained Earnings	-2.7%	23.2%	30.1%	31.8%	20.6%
Treasury Stock	7.0%	3.4%	1.6%	0.0%	—
Accumulated Other Comprehensive Income	-18.9%	—	—	—	-9.8%
Total Stockholders Equity	102.9%	126.4%	132.7%	129.6%	114.6%
Total Liabilitiesand Equity	260.1%	281.6%	309.1%	307.6%	306.6%

Income Statement

Revenue, expense, and profitability

16 accounts · 5 years

Revenue $14.3B

Operating income $-2.7B

Net income $-3.5B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Cost of Revenue	64.9%	61.8%	58.3%	60.0%	68.8%
Other Income Expense Gross Profit	35.1%	38.2%	41.7%	40.0%	31.2%
Expenses Research and Development	6.8%	5.5%	5.2%	4.1%	3.8%
Expenses Selling,General and Administrative	26.5%	27.8%	26.4%	25.7%	25.3%
Expenses Restructuring and Asset Impairment	20.5%	2.2%	3.8%	—	—
Expenses Other Operating Expenses	-0.1%	2.6%	1.4%	0.3%	2.2%
Expenses Operating Expenses	53.7%	38.1%	36.8%	30.0%	31.4%
Other Income Expense Operating Income	-18.6%	0.1%	5.0%	9.9%	-0.2%
Other Income Expense Interest Expense	3.3%	3.7%	3.7%	3.6%	3.6%
Other Income Expense Other Income/expense	-3.7%	-0.6%	0.1%	11.0%	0.0%
Other Income Expense Income Before Tax	-25.6%	-4.2%	1.3%	17.3%	-3.7%
Income Tax Income Tax Expense	-1.0%	0.1%	1.0%	4.5%	3.4%
net Income net Income	-24.6%	-4.3%	0.4%	12.8%	-7.1%
Earnings Per Share Basic Eps	-0.0%	-0.0%	0.0%	0.0%	-0.0%
Earnings Per Share Diluted Eps	-0.0%	-0.0%	0.0%	0.0%	-0.0%

Cash Flow Statement

Operating, investing, and financing flows

23 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	-24.6%	-4.3%	0.4%	12.8%	-7.1%
Operating Activities Depreciation and Amortization	19.6%	19.6%	17.8%	18.6%	25.2%
Operating Activities Stock Based Compensation	1.2%	1.0%	1.2%	0.7%	0.6%
Operating Activities Deferred Income Taxes	-3.3%	-5.2%	-2.5%	-0.2%	3.8%
Operating Activities Changes In Operating Assets and Liabilities	-4.8%	-2.2%	-4.6%	-5.7%	-10.1%
Operating Activities Other Non Cash Items	28.1%	6.7%	6.6%	-7.8%	4.5%
Operating Activities net Cash From Operating Activities	16.2%	15.6%	18.8%	18.4%	16.9%
Investing Activities Capital Expenditures	-2.6%	-2.2%	-2.4%	-2.5%	-2.6%
Investing Activities Business Acquisitions	0.0%	-2.4%	-4.3%	0.0%	1.5%
Investing Activities Purchases of Investments	-0.2%	-0.2%	-0.2%	-0.2%	-0.2%
Investing Activities Proceeds From Sale of Investments	0.2%	17.2%	2.5%	12.2%	0.7%
Investing Activities Other Investing Activities	-0.4%	-0.2%	-1.2%	-0.4%	-0.2%
Investing Activities net Cash From Investing Activities	-3.0%	12.2%	-5.6%	9.1%	-0.7%
Financing Activities Proceeds From Debt	0.0%	0.0%	0.0%	11.5%	9.6%
Financing Activities Repayment of Debt	0.0%	-25.2%	-8.1%	-31.7%	-21.3%
Financing Activities Repurchase of Common Stock	-3.5%	-1.7%	-1.6%	0.0%	0.0%
Financing Activities Dividends Paid	-3.9%	-3.9%	-3.7%	-3.6%	-2.2%
Financing Activities Proceeds From Stock Issuance	0.0%	0.0%	0.0%	0.0%	0.0%
Financing Activities Tax Withholding On Stock Based Compensation	-0.2%	-0.4%	-0.2%	-0.1%	-0.1%
Financing Activities Other Financing Activities	-1.4%	1.8%	-1.2%	-0.0%	-2.8%
Financing Activities net Cash From Financing Activities	-9.0%	-29.4%	-14.9%	-23.8%	-16.8%
Cash Reconciliation Effect of Exchange Rate On Cash	0.1%	-0.2%	-0.0%	-0.2%	-0.2%
Cash Reconciliation net Change In Cash	4.3%	-1.7%	-1.7%	3.4%	-0.8%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+35.1%	+38.2%	+41.7%	+40.0%	+31.2%
Operating margin	-18.6%	+0.1%	+5.0%	+9.9%	-0.2%
Net margin	-24.6%	-4.3%	+0.4%	+12.8%	-7.1%
FCF margin	+13.5%	+13.4%	+16.4%	+15.9%	+14.3%
Growth
Revenue CAGR (3y)	-4.2%	-6.2%	+8.9%	+12.2%	+16.1%
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	0.36x	0.32x	0.33x	0.33x
Cash conversion cycle	+166d	+160d	+150d	+151d	+156d

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Viatris

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