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.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	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 YoY-3.0%	14.7B YoY-4.5%	15.4B YoY-5.1%	16.2B YoY-9.0%	17.8B YoY+50.7%
	5.01B YoY-10.8%	5.62B YoY-12.7%	6.44B YoY-0.9%	6.50B YoY+16.5%	5.58B YoY+46.9%
Cost of revenue	9.29B YoY+1.9%	9.12B YoY+1.4%	8.99B YoY-8.0%	9.77B YoY-20.7%	12.3B YoY+51.1%
	7.68B YoY+36.8%	5.61B YoY-1.0%	5.67B YoY+16.2%	4.88B YoY-13.0%	5.61B YoY+40.0%
Research & development	966M YoY+19.4%	809M YoY+0.4%	805M YoY+21.6%	662M YoY-11.8%	751M YoY+35.3%
Selling, general & administrative	3.79B YoY-7.6%	4.10B YoY+0.9%	4.07B YoY-2.6%	4.18B YoY-7.7%	4.53B YoY+35.4%
Restructuring	—	—	—	—	50.5M YoY+0.0%
Amortization of intangibles	2.35B YoY-0.1%	2.35B YoY+1.5%	2.32B YoY-7.5%	2.50B YoY-7.3%	2.70B YoY+68.3%
Operating income	-2.66B YoY-26467.3%	10.1M YoY-98.7%	766M YoY-52.6%	1.61B YoY+4849.7%	-34.0M YoY+83.9%
Interest expense	471M YoY-14.3%	550M YoY-4.0%	573M YoY-3.3%	592M YoY-6.9%	636M YoY+27.8%
Other non-operating income	-531M YoY-537.0%	-83.3M YoY-950.0%	9.80M YoY-99.5%	1.79B YoY+30774.1%	5.80M YoY+146.0%
Equity-method income	—	—	0.00	0.00 YoY+100.0%	-61.9M YoY-27.9%
Pre-tax income	-3.67B YoY-488.1%	-623M YoY-407.1%	203M YoY-92.8%	2.81B YoY+523.4%	-664M YoY+7.9%
Income tax	-150M YoY-1464.5%	11.0M YoY-92.6%	148M YoY-79.8%	735M YoY+21.5%	605M YoY+1278.8%
Net income	-3.51B YoY-454.2%	-634M YoY-1259.4%	54.7M YoY-97.4%	2.08B YoY+263.8%	-1.27B YoY-89.4%
	-$3.00 YoY-466.0%	-$0.53 YoY-1160.0%	$0.05 YoY-97.1%	$1.71 YoY+262.9%	-$1.05 YoY+5.4%
EPS (basic)	-$3.00 YoY-466.0%	-$0.53 YoY-1160.0%	$0.05 YoY-97.1%	$1.71 YoY+262.9%	-$1.05 YoY+5.4%
Weighted-avg shares (basic)	—	—	1.20B YoY-1.0%	1.21B YoY+0.3%	1.21B YoY+101.1%
Weighted-avg shares (diluted)	—	—	1.21B YoY-0.9%	1.22B YoY+0.7%	1.21B YoY+101.1%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	9.79B YoY+2.8%	9.52B YoY-26.6%	13.0B YoY+22.0%	10.6B YoY-2.5%	10.9B YoY-15.3%
Cash & equivalents	1.32B YoY+80.0%	735M YoY-25.9%	992M YoY-21.3%	1.26B YoY+79.7%	701M YoY-17.0%
Short-term investments	39.1M YoY+0.0%	39.1M YoY+0.0%	39.1M YoY+0.0%	39.1M YoY+0.0%	39.1M YoY+0.0%
Accounts receivable	3.03B YoY-5.9%	3.22B YoY-12.9%	3.70B YoY-3.0%	3.81B YoY-10.6%	4.27B YoY-11.9%
Inventory	4.00B YoY+3.8%	3.85B YoY+11.1%	3.47B YoY-1.4%	3.52B YoY-11.5%	3.98B YoY-27.3%
Prepaid expenses	1.44B YoY-16.0%	1.71B YoY-15.7%	2.03B YoY+12.0%	1.81B YoY-7.5%	1.96B YoY+14.7%
Other current assets	136M YoY-64.8%	387M YoY+42.9%	271M YoY-17.5%	328M YoY-77.6%	1.47B YoY+18.7%
	37.2B YoY-10.4%	41.5B YoY-13.0%	47.7B YoY-4.7%	50.0B YoY-8.8%	54.8B YoY-10.9%
Property, plant & equipment	2.61B YoY-2.0%	2.67B YoY-3.4%	2.76B YoY-8.8%	3.02B YoY-5.1%	3.19B YoY-7.8%
Operating lease right-of-use	271M YoY+7.2%	253M YoY+3.1%	246M YoY-5.3%	259M YoY-10.8%	291M YoY-10.1%
Goodwill	6.75B YoY-26.0%	9.13B YoY-7.4%	9.87B YoY-5.4%	10.4B YoY-13.9%	12.1B YoY-1.9%
Intangible assets	15.1B YoY-11.5%	17.1B YoY-11.0%	19.2B YoY-15.2%	22.6B YoY-13.5%	26.1B YoY-12.0%
Deferred tax assets	1.06B YoY+40.9%	753M YoY+8.7%	693M YoY-25.2%	926M YoY-30.5%	1.33B YoY-38.0%
Other non-current assets	1.87B YoY-20.6%	2.36B YoY+6.7%	2.21B YoY-8.1%	2.40B YoY+105.3%	1.17B YoY+11.8%
	7.09B YoY+22.8%	5.78B YoY-25.7%	7.78B YoY+15.3%	6.75B YoY-31.7%	9.88B YoY-6.4%
Accounts payable	1.75B YoY-5.4%	1.85B YoY-4.4%	1.94B YoY+9.7%	1.77B YoY+6.6%	1.66B YoY-13.0%
Short-term & current debt	1.93B YoY+23192.8%	8.30M YoY-99.6%	1.94B YoY+54.3%	1.26B YoY-32.9%	1.88B YoY-18.7%
Current lease liability	109M YoY+25.6%	87.1M YoY+4.9%	83.0M YoY+3.0%	80.6M YoY-7.0%	86.7M YoY-6.7%
Other current liabilities	3.28B YoY-11.9%	3.72B YoY+9.7%	3.39B YoY-1.4%	3.44B YoY-25.5%	4.62B YoY-6.9%
	22.5B YoY-1.7%	22.9B YoY-16.0%	27.2B YoY-6.0%	28.9B YoY-15.7%	34.4B YoY-11.0%
Long-term debt	12.5B YoY-11.1%	14.0B YoY-13.3%	16.2B YoY-10.1%	18.0B YoY-8.6%	19.7B YoY-12.1%
Non-current lease liability	178M YoY-0.7%	179M YoY+8.4%	165M YoY-8.8%	181M YoY-9.7%	201M YoY-12.5%
Deferred tax liabilities	892M YoY-19.5%	1.11B YoY-36.2%	1.74B YoY-28.6%	2.43B YoY-13.6%	2.81B YoY-9.9%
Other non-current liabilities	2.01B YoY+3.9%	1.94B YoY+27.8%	1.52B YoY-13.6%	1.76B YoY-9.2%	1.93B YoY-22.1%
	14.7B YoY-21.1%	18.6B YoY-9.0%	20.5B YoY-2.9%	21.1B YoY+2.8%	20.5B YoY-10.7%
Common stock	12.5M YoY+1.6%	12.3M YoY+0.8%	12.2M YoY+0.8%	12.1M YoY+0.0%	12.1M YoY+0.0%
Additional paid-in capital	18.8B YoY-0.6%	18.9B YoY+0.6%	18.8B YoY+0.9%	18.6B YoY+0.6%	18.5B YoY+0.5%
Retained earnings	-388M YoY-111.4%	3.42B YoY-26.3%	4.64B YoY-10.4%	5.18B YoY+40.3%	3.69B YoY-31.2%
Treasury stock	1.01B YoY+99.7%	504M YoY+100.3%	252M	0.00	0.00
Accumulated other comprehensive income	-2.71B YoY+15.7%	-3.21B YoY-16.9%	-2.75B YoY+0.5%	-2.76B YoY-58.3%	-1.74B YoY-103.3%
Total equity incl. non-controlling	14.7B YoY-21.1%	18.6B YoY-9.0%	20.5B YoY-2.9%	21.1B YoY+2.8%	20.5B YoY-10.7%
Total liabilities & equity	37.2B YoY-10.4%	41.5B YoY-13.0%	47.7B YoY-4.7%	50.0B YoY-8.8%	54.8B YoY-10.9%
Common shares issued	1.25B YoY+1245391829.0%	100 YoY+0.0%	100 YoY+0.0%	100 YoY+0.0%	100 YoY+0.0%
Common shares outstanding	100 YoY+0.0%	100 YoY+0.0%	100 YoY+0.0%	100 YoY+0.0%	100 YoY+0.0%
Shares outstanding (cover)	1.15B YoY-3.5%	1.19B YoY-0.5%	1.20B YoY-1.1%	1.21B YoY+0.3%	1.21B YoY+1209393316.0%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	2.32B YoY+0.6%	2.30B YoY-20.6%	2.90B YoY-3.3%	3.00B YoY-0.6%	3.02B YoY+144.9%
Depreciation & amortization	2.80B YoY-3.3%	2.89B YoY+5.6%	2.74B YoY-9.5%	3.03B YoY-32.8%	4.51B YoY+103.4%
Share-based compensation	178M YoY+21.6%	146M YoY-19.1%	181M YoY+55.2%	116M YoY+4.7%	111M YoY+40.4%
Deferred income taxes	-477M YoY+37.9%	-768M YoY-98.3%	-387M YoY-1394.6%	-25.9M YoY-103.8%	676M YoY+416.9%
Change in receivables	-335M YoY-11.5%	-300M YoY-281.8%	-78.6M YoY-132.7%	240M YoY+505.2%	-59.3M YoY+24.7%
Change in inventory	106M YoY-85.3%	723M YoY+18.0%	613M YoY+136.3%	260M YoY-39.3%	428M YoY-42.4%
	-428M YoY-123.8%	1.80B YoY+308.3%	-865M YoY-158.6%	1.47B YoY+1351.4%	-118M YoY+60.9%
Capital expenditure	379M YoY+16.2%	326M YoY-13.5%	377M YoY-7.1%	406M YoY-11.2%	457M YoY+88.1%
Acquisitions	0.00 YoY-100.0%	350M YoY-47.6%	668M	0.00 YoY+100.0%	-277M YoY+33.4%
Proceeds from sale of PP&E	34.9M YoY+1192.6%	2.70M YoY-80.7%	14.0M YoY+1.4%	13.8M YoY-24.6%	18.3M YoY+771.4%
Other investing activities	35.5M YoY+70.7%	20.8M YoY-78.7%	97.5M YoY+163.5%	37.0M YoY-29.1%	52.2M YoY-88.1%
	-1.29B YoY+70.1%	-4.33B YoY-88.1%	-2.30B YoY+40.6%	-3.88B YoY-28.7%	-3.01B YoY-397.3%
Long-term debt issued	0.00	0.00 YoY-100.0%	300K YoY-100.0%	1.88B YoY+9.7%	1.71B YoY+73.9%
Long-term debt repaid	100K YoY-100.0%	3.71B YoY+197.0%	1.25B YoY-65.9%	3.66B YoY-12.8%	4.20B YoY+69.1%
Net short-term debt	200K	0.00 YoY-100.0%	300K YoY+100.0%	-1.49B YoY-480.8%	392M YoY-64.3%
Common stock issued	2.60M YoY+4.0%	2.50M YoY-19.4%	3.10M YoY-6.1%	3.30M	0.00
Common stock repurchased	501M YoY+100.2%	250M YoY+0.0%	250M	0.00	0.00
Other financing activities	-190M YoY-164.4%	295M YoY+270.6%	-173M YoY-1030.1%	18.6M YoY+479.6%	-4.90M YoY-48.5%
FX effect on cash	17.6M YoY+157.3%	-30.7M YoY-1128.0%	-2.50M YoY+93.6%	-38.9M YoY-25.9%	-30.9M YoY-191.4%
Net change in cash	612M YoY+337.6%	-258M YoY+4.2%	-269M YoY-148.3%	556M YoY+486.9%	-144M YoY-140.1%
Interest paid	493M YoY-12.2%	561M YoY-8.3%	612M YoY-4.8%	643M YoY-6.2%	685M YoY+23.3%
Income taxes paid	445M YoY-13.3%	514M YoY-10.0%	571M YoY-22.3%	735M YoY+14.6%	642M YoY+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 YoY-3.5%	14.9B YoY+14.4%	13.0B YoY-3.7%	13.5B YoY-17.5%	16.4B YoY+873163876.4%
P/S	1.0× YoY-0.5%	1.0× YoY+20.1%	0.8× YoY+4.1%	0.8× YoY-11.9%	0.9×
P/B	1.0× YoY+22.2%	0.8× YoY+28.1%	0.6× YoY-11.5%	0.7× YoY-11.9%	0.8× YoY+978040530.6%
P/FCF	7.4× YoY-1.5%	7.5× YoY+24.7%	6.0× YoY+28.8%	4.7× YoY-26.8%	6.4× YoY+337299013.1%
FCF yield	13.5% YoY+1.5%	13.3% YoY-19.8%	16.6% YoY-22.3%	21.4% YoY+36.6%	15.6% YoY-100.0%
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.

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About this data

financial statements