VTRS
Viatris Inc.Stock · HealthcareS&P 500 Equal Weight 0.2% · Nasdaq Composite 0.04% · S&P 500 0.03% · Russell 1000 0.03% · US Stock Market 0.03% · Russell 3000 0.03%$16.95-1.05%
as of market close, Sep 18, 2026
☾ AH $16.95 +0.00%
VTRS financial statements
The full income statement, balance sheet, and cash-flow statement for Viatris Inc. (VTRS), 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.
Shares outstanding (point-in-time)
2024-06 1.19B2024-09 1.19B2024-12 1.19B2025-03 1.19B2025-06 1.17B2025-09 1.15B2025-12 1.15B2026-03 1.16B2026-06 1.15B-3.8% over 8 periods
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.
As-reported fiscal years.
| 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 | 14.3B-3.0% | 14.7B-4.5% | 15.4B-5.1% | 16.2B-9.0% | 17.8B+50.7% | |
| 5.01B-10.8% | 5.62B-12.7% | 6.44B-0.9% | 6.50B+16.5% | 5.58B+46.9% | ||
| Cost of revenue | 9.29B+1.9% | 9.12B+1.4% | 8.99B-8.0% | 9.77B-20.7% | 12.3B+51.1% | |
| 7.68B+36.8% | 5.61B-1.0% | 5.67B+16.2% | 4.88B-13.0% | 5.61B+40.0% | ||
| Research & development | 966M+19.4% | 809M+0.4% | 805M+21.6% | 662M-11.8% | 751M+35.3% | |
| Selling, general & administrative | 3.79B-7.6% | 4.10B+0.9% | 4.07B-2.6% | 4.18B-7.7% | 4.53B+35.4% | |
| Restructuring | — | — | — | — | 50.5M+0.0% | |
| Amortization of intangibles | 2.35B-0.1% | 2.35B+1.5% | 2.32B-7.5% | 2.50B-7.3% | 2.70B+68.3% | |
| Operating income | -2.66B-26467.3% | 10.1M-98.7% | 766M-52.6% | 1.61B+4849.7% | -34.0M+83.9% | |
| Interest expense | 471M-14.3% | 550M-4.0% | 573M-3.3% | 592M-6.9% | 636M+27.8% | |
| Other non-operating income | -531M-537.0% | -83.3M-950.0% | 9.80M-99.5% | 1.79B+30774.1% | 5.80M+146.0% | |
| Equity-method income | — | — | 0.00 | 0.00+100.0% | -61.9M-27.9% | |
| Pre-tax income | -3.67B-488.1% | -623M-407.1% | 203M-92.8% | 2.81B+523.4% | -664M+7.9% | |
| Income tax | -150M-1464.5% | 11.0M-92.6% | 148M-79.8% | 735M+21.5% | 605M+1278.8% | |
| Net income | -3.51B-454.2% | -634M-1259.4% | 54.7M-97.4% | 2.08B+263.8% | -1.27B-89.4% | |
| -$3.00-466.0% | -$0.53-1160.0% | $0.05-97.1% | $1.71+262.9% | -$1.05+5.4% | ||
| EPS (basic) | -$3.00-466.0% | -$0.53-1160.0% | $0.05-97.1% | $1.71+262.9% | -$1.05+5.4% | |
| Weighted-avg shares (basic) | — | — | 1.20B-1.0% | 1.21B+0.3% | 1.21B+101.1% | |
| Weighted-avg shares (diluted) | — | — | 1.21B-0.9% | 1.22B+0.7% | 1.21B+101.1% | |
| Dividends per share | $0.48+0.0% | $0.48+0.0% | $0.48+0.0% | $0.48+45.5% | $0.33 | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 9.79B+2.8% | 9.52B-26.6% | 13.0B+22.0% | 10.6B-2.5% | 10.9B-15.3% | ||
| Cash & equivalents | 1.32B+80.0% | 735M-25.9% | 992M-21.3% | 1.26B+79.7% | 701M-17.0% | |
| Accounts receivable | 3.03B-5.9% | 3.22B-12.9% | 3.70B-3.0% | 3.81B-10.6% | 4.27B-11.9% | |
| Inventory | 4.00B+3.8% | 3.85B+11.1% | 3.47B-1.4% | 3.52B-11.5% | 3.98B-27.3% | |
| Prepaid expenses | 1.44B-16.0% | 1.71B-15.7% | 2.03B+12.0% | 1.81B-7.5% | 1.96B+14.7% | |
| Other current assets | 136M-64.8% | 387M+42.9% | 271M-17.5% | 328M-77.6% | 1.47B+18.7% | |
| 37.2B-10.4% | 41.5B-13.0% | 47.7B-4.7% | 50.0B-8.8% | 54.8B-10.9% | ||
| Property, plant & equipment | 2.61B-2.0% | 2.67B-3.4% | 2.76B-8.8% | 3.02B-5.1% | 3.19B-7.8% | |
| Operating lease right-of-use | 271M+7.2% | 253M+3.1% | 246M-5.3% | 259M-10.8% | 291M-10.1% | |
| Goodwill | 6.75B-26.0% | 9.13B-7.4% | 9.87B-5.4% | 10.4B-13.9% | 12.1B-1.9% | |
| Intangible assets | 15.1B-11.5% | 17.1B-11.0% | 19.2B-15.2% | 22.6B-13.5% | 26.1B-12.0% | |
| Deferred tax assets | 1.06B+40.9% | 753M+8.7% | 693M-25.2% | 926M-30.5% | 1.33B-38.0% | |
| Other non-current assets | 1.87B-20.6% | 2.36B+6.7% | 2.21B-8.1% | 2.40B+105.3% | 1.17B+11.8% | |
| 7.09B+22.8% | 5.78B-25.7% | 7.78B+15.3% | 6.75B-31.7% | 9.88B-6.4% | ||
| Accounts payable | 1.75B-5.4% | 1.85B-4.4% | 1.94B+9.7% | 1.77B+6.6% | 1.66B-13.0% | |
| Short-term & current debt | 1.93B+23192.8% | 8.30M-99.6% | 1.94B+54.3% | 1.26B-32.9% | 1.88B-18.7% | |
| Current lease liability | 109M+25.6% | 87.1M+4.9% | 83.0M+3.0% | 80.6M-7.0% | 86.7M-6.7% | |
| Other current liabilities | 3.28B-11.9% | 3.72B+9.7% | 3.39B-1.4% | 3.44B-25.5% | 4.62B-6.9% | |
| 22.5B-1.7% | 22.9B-16.0% | 27.2B-6.0% | 28.9B-15.7% | 34.4B-11.0% | ||
| Long-term debt | 12.5B-11.1% | 14.0B-13.3% | 16.2B-10.1% | 18.0B-8.6% | 19.7B-12.1% | |
| Non-current lease liability | 178M-0.7% | 179M+8.4% | 165M-8.8% | 181M-9.7% | 201M-12.5% | |
| Operating lease liability (total) | 288M+7.9% | 266M+7.2% | 248M-5.2% | 262M-8.9% | 288M-10.8% | |
| Deferred tax liabilities | 892M-19.5% | 1.11B-36.2% | 1.74B-28.6% | 2.43B-13.6% | 2.81B-9.9% | |
| Other non-current liabilities | 2.01B+3.9% | 1.94B+27.8% | 1.52B-13.6% | 1.76B-9.2% | 1.93B-22.1% | |
| 14.7B-21.1% | 18.6B-9.0% | 20.5B-2.9% | 21.1B+2.8% | 20.5B-10.7% | ||
| Common stock | 12.5M+1.6% | 12.3M+0.8% | 12.2M+0.8% | 12.1M+0.0% | 12.1M+0.0% | |
| Additional paid-in capital | 18.8B-0.6% | 18.9B+0.6% | 18.8B+0.9% | 18.6B+0.6% | 18.5B+0.5% | |
| Retained earnings | -388M-111.4% | 3.42B-26.3% | 4.64B-10.4% | 5.18B+40.3% | 3.69B-31.2% | |
| Treasury stock | 1.01B+99.7% | 504M+100.3% | 252M | 0.00 | 0.00 | |
| Accumulated other comprehensive income | -2.71B+15.7% | -3.21B-16.9% | -2.75B+0.5% | -2.76B-58.3% | -1.74B-103.3% | |
| Total equity incl. non-controlling | 14.7B-21.1% | 18.6B-9.0% | 20.5B-2.9% | 21.1B+2.8% | 20.5B-10.7% | |
| Total liabilities & equity | 37.2B-10.4% | 41.5B-13.0% | 47.7B-4.7% | 50.0B-8.8% | 54.8B-10.9% | |
| Common shares issued | 1.25B | — | — | — | — | |
| Shares outstanding (cover) | 1.15B-3.5% | 1.19B+0.5% | 1.19B-0.8% | 1.20B-1.1% | 1.21B+0.2% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.32B+0.6% | 2.30B-20.6% | 2.90B-3.3% | 3.00B-0.6% | 3.02B+144.9% | ||
| Depreciation & amortization | 2.80B-3.3% | 2.89B+5.6% | 2.74B-9.5% | 3.03B-32.8% | 4.51B+103.4% | |
| Intangible amortization | 2.35B-0.1% | 2.35B+1.5% | 2.32B-7.5% | 2.50B-7.3% | 2.70B+68.3% | |
| Share-based compensation | 178M+21.6% | 146M-19.1% | 181M+55.2% | 116M+4.7% | 111M+40.4% | |
| Deferred income taxes | -477M+37.9% | -768M-98.3% | -387M-1394.6% | -25.9M-103.8% | 676M+416.9% | |
| Change in receivables | -335M-11.5% | -300M-281.8% | -78.6M-132.7% | 240M+505.2% | -59.3M+24.7% | |
| Change in inventory | 106M-85.3% | 723M+18.0% | 613M+136.3% | 260M-39.3% | 428M-42.4% | |
| -428M-123.8% | 1.80B+308.3% | -865M-158.6% | 1.47B+1351.4% | -118M+60.9% | ||
| Capital expenditure | 379M+16.2% | 326M-13.5% | 377M-7.1% | 406M-11.2% | 457M+88.1% | |
| Free cash flow | 1.94B-2.0% | 1.98B-21.6% | 2.52B-2.7% | 2.59B+1.3% | 2.56B+158.9% | |
| Acquisitions | 0.00-100.0% | 350M-47.6% | 668M | 0.00+100.0% | -277M+33.4% | |
| Proceeds from sale of PP&E | 34.9M+1192.6% | 2.70M-80.7% | 14.0M+1.4% | 13.8M-24.6% | 18.3M+771.4% | |
| Other investing activities | 35.5M+70.7% | 20.8M-78.7% | 97.5M+163.5% | 37.0M-29.1% | 52.2M-88.1% | |
| -1.29B+70.1% | -4.33B-88.1% | -2.30B+40.6% | -3.88B-28.7% | -3.01B-397.3% | ||
| Long-term debt issued | 0.00 | 0.00-100.0% | 300K-100.0% | 1.88B+9.7% | 1.71B+73.9% | |
| Long-term debt repaid | 100K-100.0% | 3.71B+197.0% | 1.25B-65.9% | 3.66B-12.8% | 4.20B+69.1% | |
| Net short-term debt | 200K | 0.00-100.0% | 300K+100.0% | -1.49B-480.8% | 392M-64.3% | |
| Common stock issued | 2.60M+4.0% | 2.50M-19.4% | 3.10M-6.1% | 3.30M | 0.00 | |
| Common stock repurchased | 501M+100.2% | 250M+0.0% | 250M | 0.00 | 0.00 | |
| Other financing activities | -190M-164.4% | 295M+270.6% | -173M-1030.1% | 18.6M+479.6% | -4.90M-48.5% | |
| FX effect on cash | 17.6M+157.3% | -30.7M-1128.0% | -2.50M+93.6% | -38.9M-25.9% | -30.9M-191.4% | |
| Net change in cash | 612M+337.6% | -258M+4.2% | -269M-148.3% | 556M+486.9% | -144M-140.1% | |
| Interest paid | 493M-12.2% | 561M-8.3% | 612M-4.8% | 643M-6.2% | 685M+23.3% | |
| Income taxes paid | 445M-13.3% | 514M-10.0% | 571M-22.3% | 735M+14.6% | 642M+97.8% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 14.3B-3.5% | 14.9B+14.4% | 13.0B-3.7% | 13.5B-17.5% | 16.4B+2.4% | |
| P/E | — | — | 6.3× | — | — | |
| P/S | 1.0×-0.5% | 1.0×+20.1% | 0.8×+4.1% | 0.8×-11.9% | 0.9×-32.1% | |
| P/B | 1.0×+22.2% | 0.8×+28.1% | 0.6×-11.5% | 0.7×-11.9% | 0.8×+14.7% | |
| P/FCF | 7.4×-1.6% | 7.5×+24.7% | 6.0×+28.8% | 4.7×-26.8% | 6.4×-60.4% | |
| Earnings yield | — | — | 16.0% | — | — | |
| FCF yield | 13.5%+1.6% | 13.3%-19.8% | 16.6%-22.3% | 21.4%+36.6% | 15.6%+152.8% | |
| Dividend yield | 3.9%+0.0% | 3.9%-13.0% | 4.4%+2.8% | 4.3%+76.8% | 2.4% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: VTRS’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 VTRS filings on SEC EDGAR → Not investment advice.