8 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $14.3B | -$3.5B | 35.2% | -18.7% | $1.9B | $14.4B | $1.3B |
| 2024 | $14.7B | -$634M | 38.3% | 0.1% | $2.0B | $14.0B | $735M |
| 2023 | $15.4B | $55M | 41.8% | 5.0% | $2.5B | $18.1B | $992M |
| 2022 | $16.2B | $2.1B | 40.1% | 10.0% | $2.6B | $19.3B | $1.3B |
| 2021 | $17.8B | -$1.3B | 31.3% | -0.2% | $2.6B | $23.1B | $701M |
| 2020 | $11.8B | -$670M | 32.1% | -1.8% | $989M | $25.8B | $844M |
| 2019 | $0 | $17M | — | — | -$213M | $12.7B | $476M |
| 2018 | $11.3B | $353M | 35.5% | 8.0% | $2.1B | — | $388M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $3.5B | — | 33.0% | -2.3% | $348M | $14.3B | $1.8B |
| Dec '25 | $3.7B | — | 31.1% | -5.2% | $619M | $14.4B | $1.3B |
| Sep '25 | $3.7B | — | 36.6% | 4.8% | $658M | $14.4B | $975M |
| Jun '25 | $3.6B | — | 37.3% | 6.5% | $167M | $14.5B | $566M |
| Mar '25 | $3.2B | — | 35.8% | -88.9% | $493M | $14.2B | $755M |
| Dec '24 | $3.5B | — | 34.6% | -5.1% | $342M | $14.0B | $735M |
| Sep '24 | $3.7B | — | 39.0% | 6.0% | $750M | $15.8B | $1.9B |
| Jun '24 | $3.8B | — | 38.2% | -6.3% | $320M | $17.1B | $917M |
| Mar '24 | $3.7B | — | 41.2% | 5.6% | $565M | $18.0B | $1.0B |
| Dec '23 | $3.8B | — | 41.7% | -11.9% | $403M | $18.1B | $992M |
| Sep '23 | $3.9B | — | 43.0% | 11.5% | $739M | $18.4B | $1.3B |
| Jun '23 | $3.9B | — | 41.1% | 9.4% | $457M | $18.6B | $629M |
| Mar '23 | $3.7B | — | 41.5% | 10.7% | $923M | $18.8B | $507M |
| Dec '22 | $3.9B | — | 32.9% | -5.2% | -$11M | $19.3B | $1.3B |
| Sep '22 | $4.1B | — | 43.0% | 13.8% | $765M | $20.0B | $647M |
| Jun '22 | $4.1B | — | 41.5% | 13.4% | $719M | $21.0B | $665M |
| Mar '22 | $4.2B | — | 42.4% | 16.9% | $1.1B | $22.0B | $752M |
| Dec '21 | $4.3B | — | 35.7% | -1.8% | $326M | $23.1B | $701M |
| Sep '21 | $4.5B | — | 34.8% | 7.9% | $965M | $23.5B | $757M |
| Jun '21 | $4.6B | — | 29.1% | -1.0% | $470M | $24.4B | $674M |
How the market has priced VTRS against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Viatris's revenue has grown 3.8% per year. These are computed facts, not advice.
As of FY2025, Viatris reported $14.4B of total debt against $1.3B of cash; operating income covered interest expense -5.7×.
In FY2025, gross margin was 35.2%, operating margin -18.7%, and net margin -24.7%.
As of Jun '26, Viatris traded at a price-to-earnings ratio of about 278.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.