Viatris Inc (VTRS)

Viatris Inc., together with its subsidiaries, operates as a healthcare company in North America, Europe, China, Taiwan, Hong Kong, Japan, Australia, New Zealand, rest of Asia, Africa, Latin America, and the Middle East. It operates in four segments: Developed Markets, Greater China, JANZ, and Emerging Markets. The company offers prescription brand drugs, generic drugs, complex generic drugs, and biosimilars. It also provides drugs in various therapeutic areas covering various noncommunicable and infectious diseases, including cardiovascular, CNS and anesthesia, dermatology, diabetes and metabolism, eye care, gastroenterology, immunology, oncology, and respiratory and allergy, as well as support services, such as diagnostic clinics, educational seminars, and digital tools to help patients better manage their health. In addition, the company offers medicines in the form of oral solid doses, injectables, and complex dosage forms to retail and pharmacy establishments, wholesalers and distributors, payers, insurers and governments, and institutions. It distributes its products through pharmaceutical wholesalers/distributors, pharmaceutical retailers, institutional pharmacies, mail-order and e-commerce pharmacies, and specialty pharmacies under the Lyrica, Lipitor, Celebrex, Viagra, Creon, Influvac, Wixela Inhub, EpiPen Auto-Injector, Fraxiparine, Yupelri, Norvasc, Amitiza, Effexor, Lipacreon, Zoloft, Xalabrands, Dymista, Xanax, and Breyna brands. The company has collaboration agreements with Mapi Pharma Ltd. to develop and commercialize long-acting glatiramer acetate depot products and additional products; Revance Therapeutics, Inc. to develop, manufacture, and commercialize a biosimilar to the branded biologic product, BOTOX; and Theravance Biopharma, Inc. to develop and commercialize revefenacin. Viatris Inc. was founded in 1961 and is headquartered in Canonsburg, Pennsylvania.

Symbol
VTRS
Exchange
Nasdaq
Sector
Healthcare
Industry
Drug Manufacturers - Specialty & Generic
Market cap
$20.47B
52 week range
9.69 - 18.43

Valuation

Share price
$17.60 (close of 2026-10-02)
P/E (TTM)
-44.00x
Price to book
1.44x
Price to free cash flow
10.47x
Enterprise value
$33.21B
Book value per share
$12.26

Price performance

PeriodChange
1 day+0.80%
5 days-1.29%
1 month+2.98%
3 months+5.39%
6 months+30.95%
Year to date+41.37%
1 year+74.09%
3 years+75.12%
5 years+29.41%
10 years-53.83%
All time+1122.22%

Members of Congress who disclosed VTRS trades

Gilbert Ray Cisneros · Robert Bresnahan

Super investors holding VTRS

Christopher Davis (Davis Selected Advisers) · David Einhorn (DME Capital Management) · Ray Dalio (Bridgewater Associates) · Bill Miller (Miller Value Partners, LLC) · Ken Griffin (Citadel)

Profitability and growth

Return on equity
-23.89%
Return on invested capital
-8.95%
Return on assets
-9.45%
Return on capital employed
-8.85%
Gross margin
35.18%
Net margin
-24.67%
EBITDA margin
0.95%
Revenue growth
-3.01%
Net income growth
-454.23%
Free cash flow growth
-2.01%

Cash flow and balance sheet

Free cash flow yield (TTM)
9.55%
Current ratio
1.58x
Net debt to EBITDA
4.86x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$14.25B
Cost of revenue
$9.29B
Gross profit
$5.01B
EBITDA
$135.20M
Net income
-$3.51B
Earnings per share
$-3.00
Interest expense
$471.30M
Shares outstanding
1.17B

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$14.25B$5.01B-$3.51B$-3.00
2024-12-31$14.69B$5.62B-$634.20M$-0.53
2023-12-31$15.39B$6.44B$54.70M$0.05
2022-12-31$16.22B$6.50B$2.08B$1.71
2021-12-31$17.81B$5.58B-$1.27B$-1.05
2020-12-31$11.82B$3.80B-$669.90M$-1.11
2019-12-31$11.37B$3.90B$16.80M$0.03
2018-12-31$11.27B$4.00B$352.50M$0.69

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3135.18%-24.67%-23.89%-8.95%
2024-12-3138.27%-4.32%-3.40%0.02%
2023-12-3141.84%0.36%0.27%1.63%
2022-12-3140.06%12.82%9.86%2.24%
2021-12-3131.30%-7.12%-6.19%-0.08%
2020-12-3132.12%-5.67%-2.92%-0.34%
2019-12-3134.28%0.15%0.14%2.38%
2018-12-3135.51%3.13%2.90%7.69%

Cash and debt by year

Period endCashDebt
2025-12-31$1.32B$12.48B
2024-12-31$734.80M$14.04B
2023-12-31$991.90M$16.19B
2022-12-31$1.26B$18.02B
2021-12-31$701.20M$19.72B
2020-12-31$883.50M$22.43B
2019-12-31$502.40M$11.21B

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$1.94B$177.70M
2024-12-31$1.98B$146.10M
2023-12-31$2.52B$180.70M
2022-12-31$2.59B$116.40M
2021-12-31$2.56B$111.20M
2020-12-31$988.80M$79.20M
2019-12-31$1.59B$56.80M
2018-12-31$2.09B-$3.30M

Dividend history

Most recent payment
2026-08-21
Paid in the last twelve months
$0.48
Payment dateDividend per share
2026-08-21$0.12
2026-05-22$0.12
2026-03-09$0.12
2025-11-24$0.12
2025-08-22$0.12
2025-05-23$0.12
2025-03-10$0.12
2024-11-22$0.12

Investor relations

Next earnings report

Next confirmed report
2026-11-05
Consensus EPS estimate
$0.65

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-06Jun/2026$0.62
2026-05-07Mar/2026$0.52
2026-02-26Dec/2025$0.52
2025-11-06Sep/2025$0.63
2025-08-07Jun/2025$0.56
2025-05-08Mar/2025$0.49
2025-02-27Dec/2024$0.57
2024-11-07Sep/2024$0.68

Filings and sources

Company website
viatris.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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