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

Year-over-year change per cell; first column has no prior.

Balance Sheet

Assets, liabilities, and equity

31 accounts · 3 years

Total assets $37.2B

Total liabilities $22.5B

Shareholders equity $14.7B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	+80.0%	-25.9%	—
Accounts Receivable	-5.9%	-12.9%	—
Inventory	+3.8%	+11.1%	—
Prepaid Expenses	-16.0%	-15.7%	—
Other Current Assets	-64.8%	+42.9%	—
Total Current Assets	+2.8%	-26.6%	—
Property,Plant and Equipment	-2.0%	-3.4%	—
Operating Lease Assets	+7.2%	+3.1%	—
Goodwill	-26.0%	-7.4%	—
Intangible Assets	-11.5%	-11.0%	—
Deferred Tax Assets	+40.9%	+8.7%	—
Other Noncurrent Assets	-20.6%	+6.7%	—
Total Assets	-10.4%	-13.0%	—
Liabilities
Accounts Payable	-5.4%	-4.4%	—
Accrued Liabilities	-31.0%	+27.7%	—
Current Portion of Long Term Debt	+23192.8%	-99.6%	—
Operating Lease Liabilities	+25.6%	+4.9%	—
Other Current Liabilities	-11.9%	+9.7%	—
Total Current Liabilities	+22.8%	-25.7%	—
Long Term Debt	-11.1%	-13.3%	—
Operating Lease Liabilities Noncurrent	-0.7%	+8.4%	—
Deferred Tax Liabilities	-19.5%	-36.2%	—
Other Noncurrent Liabilities	+3.9%	+27.8%	—
Total Liabilities	-1.7%	-16.0%	—
Equity
Common Stock	+1.6%	+0.8%	—
Additional Paid In Capital	-0.6%	+0.6%	—
Retained Earnings	-111.4%	-26.3%	—
Treasury Stock	+99.7%	+100.3%	—
Accumulated Other Comprehensive Income	+15.7%	-16.9%	—
Total Stockholders Equity	-21.1%	-9.0%	—
Total Liabilitiesand Equity	-10.4%	-13.0%	—

Income Statement

Revenue, expense, and profitability

17 accounts · 3 years

Revenue $14.3B

Operating income $-2.7B

Net income $-3.5B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	-3.0%	-4.5%	—
Expenses Cost of Revenue	+1.9%	+1.4%	—
Expenses Research and Development	+19.4%	+0.4%	—
Expenses Selling,General and Administrative	-7.6%	+0.9%	—
Expenses Depreciation and Amortization	-3.3%	+5.6%	—
Expenses Share Based Compensation	+21.6%	-19.1%	—
Expenses Operating Expenses	+36.8%	-1.0%	—
Other Income Expense Gross Profit	-10.8%	-12.7%	—
Other Income Expense Operating Income	-26467.3%	-98.7%	—
Other Income Expense Interest Expense	-14.3%	-4.0%	—
Other Income Expense Other Income/expense	-537.0%	-950.0%	—
Other Income Expense Income Before Tax	-488.1%	-407.1%	—
Income Tax Income Tax Expense	-1464.5%	-92.6%	—
net Income net Income	-454.2%	-1259.4%	—
net Income Comprehensive Income	+208.7%	-3473.2%	—
Earnings Per Share Basic Eps	-466.0%	-1160.0%	—
Earnings Per Share Diluted Eps	-466.0%	-1160.0%	—

Cash Flow Statement

Operating, investing, and financing flows

24 accounts · 3 years

Operating cash flow $2.3B

Investing cash flow $-427.7M

Financing cash flow $-1.3B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	-454.2%	-1259.4%	—
Operating Activities Depreciation and Amortization	-3.3%	+5.6%	—
Operating Activities Stock Based Compensation	+21.6%	-19.1%	—
Operating Activities Deferred Income Taxes	+37.9%	-98.3%	—
Operating Activities Changes In Operating Assets and Liabilities	-153.9%	-20.8%	—
Operating Activities net Cash From Operating Activities	+0.6%	-20.6%	—
Investing Activities Capital Expenditures	+16.2%	-13.5%	—
Investing Activities Business Acquisitions	-100.0%	-47.6%	—
Investing Activities Purchases of Investments	-8.1%	-1.1%	—
Investing Activities Proceeds From Sale of Investments	-8.1%	-1.1%	—
Investing Activities Other Investing Activities	+70.7%	-78.7%	—
Investing Activities net Cash From Investing Activities	-123.8%	+308.3%	—
Financing Activities Proceeds From Debt	—	-100.0%	—
Financing Activities Repayment of Debt	-100.0%	+197.0%	—
Financing Activities Repurchase of Common Stock	+100.2%	+0.0%	—
Financing Activities Dividends Paid	-1.6%	-0.7%	—
Financing Activities Proceeds From Stock Issuance	+4.0%	-19.4%	—
Financing Activities Tax Withholding On Stock Based Compensation	-43.3%	+39.5%	—
Financing Activities Other Financing Activities	-164.4%	+270.6%	—
Financing Activities net Cash From Financing Activities	+70.1%	-88.1%	—
Cash Reconciliation Effect of Exchange Rate On Cash	+157.3%	-1128.0%	—
Cash Reconciliation net Change In Cash	+337.6%	+4.2%	—
Cash Reconciliation Cash At Beginning of Period	+83.1%	-25.9%	—
Cash Reconciliation Cash At End of Period	+83.1%	-25.9%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+34.8%	+38.0%	+41.6%
Operating margin	-18.7%	+0.1%	+5.0%
Net margin	-24.7%	-4.3%	+0.4%
FCF margin	+13.6%	+13.5%	+16.4%
Growth
Revenue CAGR (3y)	-4.2%	-6.2%	+9.2%
Returns
ROE	-23.9%	-3.4%	+0.3%
ROA	-9.5%	-1.5%	+0.1%
ROIC	-9.6%	+0.0%	+0.5%
Liquidity
Current ratio	1.38x	1.65x	1.67x
Quick ratio	0.61x	0.68x	0.60x
Leverage
D/E	1.53x	1.23x	1.33x
Interest coverage	-5.65x	0.02x	1.34x
Efficiency
Asset turnover	0.38x	0.35x	0.32x
Cash conversion cycle	+166d	+160d	+150d

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Viatris

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