The full income statement, balance sheet, and cash-flow statement for Avantor Inc. (AVTR), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 6.55B-3.4% | 6.78B-2.6% | 6.97B-7.3% | 7.51B+1.7% | 7.39B+15.5% | |
| 2.14B-6.1% | 2.28B-3.6% | 2.36B-9.2% | 2.60B+4.0% | 2.50B+20.3% | ||
| Cost of revenue | 4.41B-2.0% | 4.50B-2.2% | 4.60B-6.2% | 4.91B+0.5% | 4.88B+13.2% | |
| Selling, general & administrative | 1.60B-2.8% | 1.64B+8.9% | 1.51B+2.3% | 1.47B-3.8% | 1.53B+11.4% | |
| Restructuring | 29.8M-64.0% | 82.8M+212.5% | 26.5M+657.1% | 3.50M-34.0% | 5.30M-55.1% | |
| Amortization of intangibles | 301M+0.4% | 300M-2.6% | 308M-3.3% | 318M+9.5% | 291M-5.4% | |
| Operating income | -246M-122.7% | 1.08B+55.8% | 696M-38.4% | 1.13B+16.3% | 972M+37.5% | |
| Interest expense | 170M-22.4% | 219M-23.2% | 285M+7.1% | 266M+22.3% | 217M-29.3% | |
| Interest & investment income | 42.2M-43.8% | 75.1M+15.2% | 65.2M+310.1% | 15.9M+736.8% | 1.90M | |
| Other non-operating income | -20.7M-1625.0% | -1.20M-120.7% | 5.80M+825.0% | -800K-107.5% | 10.6M+7.1% | |
| Pre-tax income | -441M-151.7% | 854M+108.0% | 411M-51.8% | 851M+13.0% | 753M+1108.7% | |
| Income tax | 88.9M-37.6% | 142M+59.3% | 89.4M-45.7% | 165M-8.8% | 180M+432.2% | |
| -530M-174.5% | 712M+121.6% | 321M-53.2% | 687M+19.9% | 573M+391.1% | ||
| Net income to common | -530M-174.5% | 712M+121.6% | 321M-51.5% | 662M+30.4% | 508M+876.9% | |
| -$0.78-175.0% | $1.04+121.3% | $0.47-53.5% | $1.01+18.8% | $0.85+844.4% | ||
| EPS (basic) | -$0.78-174.3% | $1.05+118.8% | $0.48-52.9% | $1.02+18.6% | $0.86+855.6% | |
| Weighted-avg shares (basic) | 681M+0.1% | 680M+0.6% | 676M+3.8% | 651M+10.2% | 591M+2.5% | |
| Weighted-avg shares (diluted) | 681M-0.2% | 682M+0.5% | 678M-0.1% | 679M+13.3% | 600M+2.8% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.45B+14.2% | 2.15B-10.0% | 2.38B-10.3% | 2.66B+7.3% | 2.48B+11.0% | ||
| Cash & equivalents | 365M+39.5% | 262M-0.4% | 263M-29.5% | 373M+23.6% | 302M+5.3% | |
| Accounts receivable | 1.07B+3.9% | 1.03B-10.1% | 1.15B-5.6% | 1.22B-0.3% | 1.22B+9.8% | |
| Inventory | 818M+11.9% | 732M-11.7% | 828M-9.3% | 914M+4.8% | 872M+17.9% | |
| Other current assets | 193M+62.6% | 119M-17.4% | 144M-6.1% | 153M+88.1% | 81.4M-10.9% | |
| 11.8B-2.6% | 12.1B-6.6% | 13.0B-3.7% | 13.5B-3.1% | 13.9B+40.3% | ||
| Property, plant & equipment | 767M+8.3% | 708M-4.0% | 738M+1.4% | 727M+3.0% | 706M+28.3% | |
| Operating lease right-of-use | 165M+5.1% | 157M+29.7% | 121M+1.7% | 119M+10.1% | 108M | |
| Goodwill | 4.99B-10.0% | 5.54B-3.1% | 5.72B+1.1% | 5.65B+5.8% | 5.34B+86.7% | |
| Intangible assets | 3.10B-5.1% | 3.27B-11.3% | 3.68B-8.9% | 4.04B-19.9% | 5.05B+27.6% | |
| Other non-current assets | 396M+9.9% | 360M+0.6% | 358M+22.1% | 294M+25.9% | 233M+7.6% | |
| 1.38B-31.3% | 2.01B+35.6% | 1.48B-10.8% | 1.66B+14.3% | 1.45B+16.7% | ||
| Accounts payable | 742M+11.9% | 663M+5.9% | 626M-17.4% | 758M+0.4% | 755M+11.2% | |
| Short-term & current debt | 30.8M-96.2% | 821M+215.9% | 260M-28.6% | 364M+705.8% | 45.2M+71.2% | |
| Current lease liability | 33.5M+12.4% | 29.8M-17.7% | 36.2M+1.7% | 35.6M+4.4% | 34.1M | |
| Other current liabilities | 396M+29.2% | 307M-25.4% | 411M+12.9% | 364M-9.2% | 401M+27.9% | |
| Finance lease liability (current) | 6.10M+52.5% | 4.00M-27.3% | 5.50M+27.9% | 4.30M+2.4% | 4.20M | |
| 6.23B+1.2% | 6.16B-20.2% | 7.72B-10.3% | 8.61B-11.3% | 9.70B+34.1% | ||
| Long-term debt | 3.92B+21.0% | 3.23B-38.7% | 5.28B-10.9% | 5.92B-15.1% | 6.98B+43.4% | |
| Non-current lease liability | 152M+6.1% | 143M+61.8% | 88.5M+2.2% | 86.6M+10.2% | 78.6M | |
| Operating lease liability (total) | 186M+7.2% | 173M+38.7% | 125M+2.0% | 122M+8.4% | 113M-15.1% | |
| Finance lease liability (total) | 26.9M+79.3% | 15.0M-78.0% | 68.3M-1.0% | 69.0M-3.1% | 71.2M-0.4% | |
| Finance lease liability | 20.8M+89.1% | 11.0M-82.5% | 62.8M-2.9% | 64.7M-3.4% | 67.0M | |
| Deferred tax liabilities | 557M-0.0% | 557M-9.1% | 613M-16.2% | 731M-19.9% | 913M+26.1% | |
| Other non-current liabilities | 378M+5.6% | 358M+2.3% | 350M+18.6% | 295M-17.6% | 358M-10.0% | |
| 5.57B-6.6% | 5.96B+13.4% | 5.25B+8.2% | 4.86B+15.7% | 4.20B+56.9% | ||
| Retained earnings | 1.67B-24.1% | 2.20B+47.7% | 1.49B+27.4% | 1.17B+141.9% | 484M+645.5% | |
| Treasury stock | 75.7M | 0.00 | — | — | — | |
| Accumulated other comprehensive income | -16.9M+90.8% | -184M-166.7% | -69.0M+31.2% | -100M-132.2% | -43.2M-299.1% | |
| Total equity incl. non-controlling | 5.57B-6.6% | 5.96B+13.4% | 5.25B+8.2% | 4.86B+15.7% | 4.20B+56.9% | |
| Total liabilities & equity | 11.8B-2.6% | 12.1B-6.6% | 13.0B-3.7% | 13.5B-3.1% | 13.9B+40.3% | |
| Common shares issued | 682M+0.2% | 681M+0.6% | 677M+0.3% | 674M | — | |
| Common shares outstanding | 682M+0.2% | 681M+0.6% | 677M+0.3% | 674M+10.6% | 610M+5.1% | |
| Shares outstanding (cover) | 682M+0.2% | 681M+0.4% | 678M+0.6% | 674M+10.6% | 610M+5.0% | |
| Treasury shares | 6.60M | — | — | — | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 624M-25.8% | 841M-3.4% | 870M+3.1% | 844M-11.5% | 954M+2.6% | ||
| Depreciation & amortization | 410M+1.2% | 406M+0.8% | 402M-0.8% | 406M+6.9% | 379M-4.1% | |
| Intangible amortization | 301M+0.4% | 300M-2.6% | 308M-3.3% | 318M+9.5% | 291M-5.4% | |
| Share-based compensation | 46.4M-0.9% | 46.8M+15.6% | 40.5M-11.6% | 45.8M-9.7% | 50.7M+15.0% | |
| Deferred income taxes | 7.70M+116.4% | -46.9M+72.8% | -172M-149.5% | -69.1M-290.4% | -17.7M+79.8% | |
| Change in receivables | -13.6M+70.4% | -45.9M+40.4% | -77.0M-270.4% | 45.2M-59.6% | 112M+9.2% | |
| Change in inventory | 109M+491.4% | 18.5M+161.1% | -30.3M-126.9% | 113M-13.3% | 130M+86.2% | |
| -131M-129.7% | 439M+405.4% | -144M-31.1% | -110M+97.3% | -4.12B-6874.1% | ||
| Capital expenditure | 129M-13.4% | 149M+1.6% | 146M+9.7% | 133M+20.1% | 111M+80.4% | |
| Free cash flow | 495M-28.5% | 692M-4.4% | 724M+1.9% | 710M-15.7% | 843M-3.0% | |
| Acquisitions | 0.00 | 0.00 | 0.00-100.0% | 20.2M-99.5% | 4.01B | |
| Other investing activities | 1.70M+168.0% | -2.50M+7.4% | -2.70M-80.0% | -1.50M+57.1% | -3.50M-40.0% | |
| -409M+68.0% | -1.28B-51.9% | -844M-30.1% | -649M-120.2% | 3.22B+511.2% | ||
| Long-term debt issued | 1.11B | 0.00 | 0.00-100.0% | 327M-88.5% | 2.83B-28.0% | |
| Long-term debt repaid | 1.43B+6.3% | 1.34B+58.6% | 846M-10.7% | 947M+77.4% | 534M-87.8% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 967M | |
| Common stock repurchased | 75.1M | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | — | — | |
| Other financing activities | — | -8.60M+37.2% | -13.7M-3.8% | -13.2M+48.8% | -25.8M | |
| FX effect on cash | 19.7M+191.6% | -21.5M-362.2% | 8.20M+152.9% | -15.5M-17.4% | -13.2M-209.1% | |
| Net change in cash | 104M+550.4% | -23.0M+78.9% | -109M-256.4% | 69.8M+84.2% | 37.9M-62.1% | |
| Interest paid | 161M-23.6% | 211M-21.0% | 267M+10.2% | 242M+29.5% | 187M-41.2% | |
| Income taxes paid | 145M-41.5% | 248M+10.4% | 224M-12.7% | 257M+77.5% | 145M+238.9% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 7.82B-45.5% | 14.3B-7.1% | 15.4B+8.6% | 14.2B-44.7% | 25.7B+57.3% | |
| P/E | — | 20.2×-52.4% | 42.4×+90.4% | 22.3×-50.4% | 44.9×-68.0% | |
| P/S | 1.2×-43.6% | 2.1×-3.6% | 2.2×+17.6% | 1.9×-46.4% | 3.5×+36.2% | |
| P/B | 1.4×-41.7% | 2.4×-20.5% | 3.0×-2.2% | 3.1×-49.4% | 6.1×+0.3% | |
| P/FCF | 15.8×-23.8% | 20.7×-6.8% | 22.2×+25.0% | 17.8×-41.7% | 30.5×+62.1% | |
| Earnings yield | — | 5.0%+110.2% | 2.4%-47.5% | 4.5%+101.6% | 2.2%+212.1% | |
| FCF yield | 6.3%+31.3% | 4.8%+7.2% | 4.5%-20.0% | 5.6%+71.4% | 3.3%-38.3% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
Source: AVTR’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all AVTR filings on SEC EDGAR → Not investment advice.
