FirmAtlas
Company handbook · VTRS · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16
VTRS · CIK 1792044 · LATEST FILING: 10-Q JUN '26 · FILED AUG 6, 2026
VIATRIS INC.
$18.66
+0.44 (+2.39%)
Close, Oct 16, 2026 · 52-week $10–19
Last fiscal year
VIATRIS INC. reported revenue of $14.3B for the year ended Dec 31, 2025 (FY25), down 3.0% from FY24. Net loss was $3.5B, operating cash flow $2.3B and free cash flow $1.9B. Source: 10-K filed Feb 26, 2026.
Div yield
2.57%
ROIC
−8.6%
Revenue 1Y
−3.0%/yr
EPS 1Y
n/m
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOScott A. Smith
HQCanonsburg, PA
AuditorDeloitte & Touche LLP
Employees30,000
Year endsDecember
Revenue by segment · FY25
Developed Markets60%
Greater China16%
Emerging Markets16%
Japan Australia And New Zealand8%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
−6.5%
6.7%
25.4%
84.7%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$1.8B deployed
Capex
$705M
39.0%
Acquisitions
$350M
19.4%
Buybacks
$750M
41.6%
Operating cash flow over the period: $4.6B. Total debt changed by +$367M. R&D of $1.8B is already inside operating costs.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
Per-share figures are split-adjusted (2-for-1 split after FY20).
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
14,693
14,250−3.0%
14,694
YoY
−3.0%
Gross profit
5,624
5,014−10.8%
5,133
Gross margin
38.3%
35.2%−3.1 pp
—
Operating income
10
(2,663)−26467.3%
(87)
Operating margin
0.1%
−18.7%−18.8 pp
—
EBITDA
2,903
135−95.3%
—
EBITDA margin
19.8%
0.9%−18.8 pp
—
Interest expense
550
471−14.3%
—
Interest coverage
5.28x
0.29x−4.99x
—
Net income
(634)
(3,515)n/m
(411)
YoY
n/m
Net margin
−4.3%
−24.7%−20.3 pp
—
EPS (diluted, $)
−0.53
−3.00n/m
—
YoY
n/m
Balance sheet
Total assets
41,501
37,193−10.4%
35,045
Cash & short-term investments
736
1,348+83.1%
—
Accounts receivable
3,221
3,031−5.9%
—
Inventory
3,854
3,999+3.8%
—
Net PP&E
2,666
2,614−2.0%
—
Other assets
31,023
26,201−15.5%
—
Total liabilities
22,865
22,482−1.7%
20,784
Total debt
14,047
14,414+2.6%
13,351
Other liabilities
8,818
8,068−8.5%
—
Shareholders’ equity
18,636
14,711−21.1%
14,260
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
2,303
2,316+0.6%
2,331
Net income
(634)
(3,515)n/m
—
Depreciation & amortization
2,893
2,798−3.3%
—
Stock-based compensation
146
178+21.6%
—
Working capital & other
(102)
2,855n/m
—
Cash from investing
1,801
(428)−123.8%
—
Capex
(326)
(379)n/m
—
PP&E sold
3
35+1192.6%
—
Acquisitions
(350)
0n/m
—
Investments bought
(26)
(24)n/m
—
Investments sold / matured
26
24−8.1%
—
Other investing
2,474
(84)−103.4%
—
Cash from financing
(4,330)
(1,294)n/m
—
Debt raised
0
0n/m
—
Debt repaid
(3,714)
(0.1)n/m
—
Buybacks
(250)
(500)n/m
—
Shares issued
2
3+4.0%
—
Other financing
(369)
(796)n/m
—
Net change in cash
(258)
612n/m
—
Free cash flow (OCF − capex)
1,977
1,937−2.0%
1,955
Where the cash went
Operating cash flow
2,303
2,316+0.6%
2,331
Reinvested in the business
676
379−44.0%
—
% of operating cash flow
29.4%
16.4%
Capex
326
379+16.2%
376
Acquisitions
350
0−100.0%
—
R&D (memo, already in costs)
809
966+19.4%
—
Free cash flow
1,977
1,937−2.0%
1,955
YoY
−2.0%
Returned to shareholders
250
500+100.2%
—
% of free cash flow
12.6%
25.8%
Buybacks
250
500+100.2%
—
Change in total debt
—
367
—
Cash left over
—
1,803
—
Owner earnings
—
(1,051)
—
Owner earnings margin
—
−7.4%
—
Returns & ratios
ROIC (all capital)
0.0%
−8.6%−8.6 pp
—
ROIC (operating)
0.1%
−26.3%−26.5 pp
—
Net debt / EBITDA
4.58x
96.64x+92.06x
—
Debt / equity
0.75x
0.98x+0.23x
—
ROE
−3.4%
−23.9%−20.5 pp
—
ROA
−1.5%
−9.5%−7.9 pp
—
ROCE
0.0%
−8.8%−8.9 pp
—
NOPAT
10
(2,554)−25387.5%
—
Invested capital (operating)
9,742
9,644−1.0%
—
Invested capital (all)
31,947
27,777−13.1%
—
Reinvestment rate
—
3.8%
—
Debtor days
80
78−2 d
—
Inventory days
155
158+3 d
—
Net debt is 96.6x EBITDA (FY25).
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
3,748
3,691
3,510
3,746
vs year-ago quarter
Gross profit
1,372
1,148
1,157
1,456
Gross margin
36.6%
31.1%
33.0%
38.9%
Operating income
179
(193)
(80)
6
Net income
(128)
(340)
176
(119)
vs year-ago quarter
Net margin
−3.4%
−9.2%
5.0%
−3.2%
EPS (diluted, $)
−0.11
—
0.15
−0.10
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
37,920
37,193
36,835
35,045
Cash & equivalents
1,004
1,348
1,806
890
Total debt
14,440
14,414
14,345
13,351
Shareholders’ equity
15,218
14,711
14,658
14,260
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
745
816
388
382
Capex
87
196
40
53
Free cash flow
658
619
348
329
vs year-ago quarter