How Avantor makes money

Period

FY2025

How does Avantor make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Avantor Inc. · FY2025 · year ended 2025-12-31

Revenue$6.6BNet loss$530M · 8%Cost of revenue$4.4B · 67%Gross profit$2.1B · 33%Operating expenses$2.4B · 36%SG&A$1.6B · 24%Other opex$790M · 12%Income tax$89M · 1%Other expense$195M · 3%Proprietary Materials & Consumables$3.4B · 53%Third Party Materials & Consumables$3.1B · 47%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.

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