VTRS Chart
About

Viatris Inc., together with its subsidiaries, operates as a healthcare company in North America, Europe, China, Taiwan, Hong Kong, Japan, Australia, New Zealand, rest of Asia, Africa, Latin America, and the Middle East. It operates in four segments: Developed Markets, Greater China, JANZ, and Emerging Markets. The company offers prescription brand drugs, generic drugs, complex generic drugs, and biosimilars. It also provides drugs in various therapeutic areas covering various noncommunicable and infectious diseases, including cardiovascular, CNS and anesthesia, dermatology, diabetes and metabolism, eye care, gastroenterology, immunology, oncology, and respiratory and allergy, as well as support services, such as diagnostic clinics, educational seminars, and digital tools to help patients better manage their health. In addition, the company offers medicines in the form of oral solid doses, injectables, and complex dosage forms to retail and pharmacy establishments, wholesalers and distributors, payers, insurers and governments, and institutions. It distributes its products through pharmaceutical wholesalers/distributors, pharmaceutical retailers, institutional pharmacies, mail-order and e-commerce pharmacies, and specialty pharmacies under the Lyrica, Lipitor, Celebrex, Viagra, Creon, Influvac, Wixela Inhub, EpiPen Auto-Injector, Fraxiparine, Yupelri, Norvasc, Amitiza, Effexor, Lipacreon, Zoloft, Xalabrands, Dymista, Xanax, and Breyna brands. The company has collaboration agreements with Mapi Pharma Ltd. to develop and commercialize long-acting glatiramer acetate depot products and additional products; Revance Therapeutics, Inc. to develop, manufacture, and commercialize a biosimilar to the branded biologic product, BOTOX; and Theravance Biopharma, Inc. to develop and commercialize revefenacin. Viatris Inc. was founded in 1961 and is headquartered in Canonsburg, Pennsylvania.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Drug Manufacturers - Spe Market Cap 16.38B
Enterprise Value 29.56B Income -3.51B Sales 14.30B
Book/sh 12.78 Cash/sh 1.31 Dividend Yield 3.38%
Payout 9.60% Employees 30000 IPO —
P/E — Forward P/E 5.35 PEG —
P/S 1.15 P/B 1.11 P/C —
EV/EBITDA 7.47 EV/Sales 2.07 Quick Ratio 0.69
Current Ratio 1.38 Debt/Eq 99.91 LT Debt/Eq —
EPS (ttm) -3.00 EPS next Y 2.66 EPS Growth —
Revenue Growth 5.00% Earnings 2026-05-07 ROA 1.96%
ROE -21.08% ROIC — Gross Margin 39.55%
Oper. Margin 7.78% Profit Margin -24.58% Shs Outstand 1.15B
Shs Float 1.14B Short Float 2.63% Short Ratio 2.71
Short Interest — 52W High 16.47 52W Low 6.85
Beta 0.80 Avg Volume 9.96M Volume 8.86M
Target Price $15.50 Recom Buy Prev Close $14.04
Price $14.22 Change 1.28%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$15.50
Mean price target
2. Current target
$14.22
Latest analyst target
3. DCF / Fair value
$38.01
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$14.22
Low
$12.00
High
$20.00
Mean
$15.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-28 main Piper Sandler Neutral → Neutral $12
2026-01-16 up Argus Research Hold → Buy $15
2025-12-09 init Barclays — → Overweight $15
2025-10-15 init Truist Securities — → Buy $15
2025-06-06 init Goldman Sachs — → Neutral $10
2025-03-07 main Jefferies Buy → Buy $13
2025-03-05 reit Piper Sandler Neutral → Neutral $10
2025-02-28 main Barclays Underweight → Underweight $9
2025-02-28 main B of A Securities Underperform → Underperform $10
2024-12-06 reit Piper Sandler Neutral → Neutral $14
2024-11-08 main Barclays Underweight → Underweight $12
2024-03-28 reit Piper Sandler Neutral → Neutral $13
2023-11-22 main Piper Sandler Neutral → Neutral $11
2023-10-23 down B of A Securities Neutral → Underperform $9
2023-06-23 down Barclays Equal-Weight → Underweight $11
2023-04-25 down Barclays Overweight → Equal-Weight $11
2023-04-24 down Barclays Overweight → Equal-Weight $11
2023-02-28 main Barclays — → Overweight $16
2023-02-17 down BMO Capital Outperform → Market Perform $14
2023-02-01 main Barclays — → Overweight $15
Insider Transactions

No recent insider transactions.

Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-119.58M-79.63M-45.59M-10.65M
TaxRateForCalcs0.040.210.210.26
NormalizedEBITDA2.52B3.20B3.73B6.47B
TotalUnusualItems-2.92B-379.20M-217.10M-40.80M
TotalUnusualItemsExcludingGoodwill-2.92B-379.20M-217.10M-40.80M
NetIncomeFromContinuingOperationNetMinorityInterest-3.51B-634.20M54.70M2.08B
ReconciledDepreciation2.80B2.89B2.74B3.03B
ReconciledCostOfRevenue9.29B9.12B8.99B9.77B
EBITDA-395.40M2.82B3.52B6.43B
EBIT-3.19B-73.20M776.00M3.41B
NetInterestIncome-471.30M-550.00M-573.10M-592.40M
InterestExpense471.30M550.00M573.10M592.40M
NormalizedIncome-717.88M-334.63M226.21M2.11B
NetIncomeFromContinuingAndDiscontinuedOperation-3.51B-634.20M54.70M2.08B
TotalExpenses14.05B14.35B14.44B14.61B
TotalOperatingIncomeAsReported-2.66B10.10M766.20M1.61B
DilutedAverageShares1.17B1.19B1.21B1.22B
BasicAverageShares1.17B1.19B1.20B1.21B
DilutedEPS-3.00-0.530.051.71
BasicEPS-3.00-0.530.051.71
DilutedNIAvailtoComStockholders-3.51B-634.20M54.70M2.08B
NetIncomeCommonStockholders-3.51B-634.20M54.70M2.08B
NetIncome-3.51B-634.20M54.70M2.08B
NetIncomeIncludingNoncontrollingInterests-3.51B-634.20M54.70M2.08B
NetIncomeContinuousOperations-3.51B-634.20M54.70M2.08B
TaxProvision-150.10M11.00M148.20M734.60M
PretaxIncome-3.67B-623.20M202.90M2.81B
OtherIncomeExpense-3.45B-462.50M-207.30M1.75B
OtherNonOperatingIncomeExpenses-530.60M-83.30M9.80M1.79B
SpecialIncomeCharges-2.92B-379.20M-217.10M-40.80M
OtherSpecialCharges131.20M324.40M136.70M40.80M
ImpairmentOfCapitalAssets2.94B321.00M580.10M
RestructuringAndMergernAcquisition-151.40M54.80M80.40M11.10M
NetNonOperatingInterestIncomeExpense-471.30M-550.00M-573.10M-592.40M
InterestExpenseNonOperating471.30M550.00M573.10M592.40M
OperatingIncome253.50M389.30M983.30M1.66B
OperatingExpense4.76B5.23B5.46B4.84B
ResearchAndDevelopment965.90M808.70M805.20M662.20M
SellingGeneralAndAdministration3.79B4.43B4.65B4.18B
GrossProfit5.01B5.62B6.44B6.50B
CostOfRevenue9.29B9.12B8.99B9.77B
TotalRevenue14.30B14.74B15.43B16.26B
OperatingRevenue23.73B24.91B25.69B27.66B
Line Item2025-12-312024-12-312023-12-31
TreasurySharesNumber94.18M40.48M21.24M
OrdinarySharesNumber1.15B1.19B1.20B1.21B
ShareIssued1.25B1.23B1.22B1.21B
NetDebt13.09B13.30B17.13B18.01B
TotalDebt14.70B14.31B18.37B19.53B
TangibleBookValue-7.15B-7.57B-8.58B-11.96B
InvestedCapital29.12B32.67B38.59B40.34B
WorkingCapital2.69B3.74B5.20B3.89B
NetTangibleAssets-7.15B-7.57B-8.58B-11.96B
CapitalLeaseObligations287.50M266.40M248.40M262.00M
CommonStockEquity14.71B18.64B20.47B21.07B
TotalCapitalization27.19B32.67B36.66B39.09B
TotalEquityGrossMinorityInterest14.71B18.64B20.47B21.07B
StockholdersEquity14.71B18.64B20.47B21.07B
GainsLossesNotAffectingRetainedEarnings-2.71B-3.21B-2.75B-2.76B
OtherEquityAdjustments-2.71B-3.21B-2.75B-2.76B
ForeignCurrencyTranslationAdjustments-3.39B-1.80B
MinimumPensionLiabilities268.50M32.20M
UnrealizedGainLoss-2.30M0.00
TreasuryStock1.01B504.30M251.80M0.00
RetainedEarnings-388.30M3.42B4.64B5.18B
AdditionalPaidInCapital18.80B18.92B18.81B18.65B
CapitalStock12.50M12.30M12.20M12.10M
CommonStock12.50M12.30M12.20M12.10M
TotalLiabilitiesNetMinorityInterest22.48B22.87B27.22B28.95B
TotalNonCurrentLiabilitiesNetMinorityInterest15.39B17.09B19.44B22.20B
OtherNonCurrentLiabilities962.00M821.60M388.70M555.50M
EmployeeBenefits425.90M467.90M504.30M544.60M
NonCurrentAccruedExpenses116.30M128.50M59.20M60.40M
TradeandOtherPayablesNonCurrent332.60M341.90M399.30M414.60M
NonCurrentDeferredLiabilities892.00M1.11B1.74B2.43B
NonCurrentDeferredTaxesLiabilities892.00M1.11B1.74B2.43B
LongTermDebtAndCapitalLeaseObligation12.66B14.22B16.35B18.20B
LongTermCapitalLeaseObligation178.10M179.30M165.40M181.40M
LongTermDebt12.48B14.04B16.19B18.02B
CurrentLiabilities7.09B5.78B7.78B6.75B
OtherCurrentLiabilities989.90M1.34B1.41B1.24B
CurrentDebtAndCapitalLeaseObligation2.04B87.70M2.02B1.33B
CurrentCapitalLeaseObligation109.40M87.10M83.00M80.60M
CurrentDebt1.93B600.00K1.93B1.25B
OtherCurrentBorrowings1.93B600.00K1.93B1.25B
LineOfCredit0.00318.50M
CommercialPaper0.001.17B
CurrentNotesPayable0.00
CurrentProvisions888.80M1.36B
PayablesAndAccruedExpenses4.07B4.35B4.35B4.18B
CurrentAccruedExpenses2.19B2.30B2.19B2.11B
InterestPayable52.90M49.90M66.80M80.20M
Payables1.88B2.05B2.17B2.07B
OtherPayable460.40M498.40M556.80M608.60M
DuetoRelatedPartiesCurrent23.80M22.50M0.00
TotalTaxPayable124.00M192.70M226.80M279.60M
IncomeTaxPayable124.00M192.70M226.80M279.60M
AccountsPayable1.29B1.36B1.38B1.16B
TotalAssets37.19B41.50B47.69B50.02B
TotalNonCurrentAssets27.40B31.98B34.71B39.39B
OtherNonCurrentAssets785.60M754.00M821.10M753.30M
NonCurrentDeferredAssets1.06B753.00M692.90M1.23B
NonCurrentDeferredTaxesAssets1.06B753.00M692.90M925.90M
InvestmentsAndAdvances815.00M1.35B1.14B1.09B
InvestmentinFinancialAssets815.00M1.35B1.14B1.09B
AvailableForSaleSecurities815.00M1.35B1.14B1.09B
LongTermEquityInvestment94.00M81.40M
GoodwillAndOtherIntangibleAssets21.86B26.20B29.05B33.03B
OtherIntangibleAssets15.10B17.07B19.18B22.61B
Goodwill6.75B9.13B9.87B10.43B
NetPPE2.89B2.92B3.01B3.28B
AccumulatedDepreciation-2.52B-2.20B-2.01B-2.06B
GrossPPE5.41B5.12B5.02B5.34B
ConstructionInProgress448.50M397.10M431.20M474.00M
OtherProperties271.30M253.10M245.60M259.30M
MachineryFurnitureEquipment3.04B2.89B2.77B2.94B
BuildingsAndImprovements1.53B1.46B1.44B1.54B
LandAndImprovements114.90M113.20M120.20M133.40M
Properties0.000.000.000.00
CurrentAssets9.79B9.52B12.98B10.64B
OtherCurrentAssets136.20M387.20M271.00M328.40M
AssetsHeldForSaleCurrent0.002.79B230.30M0.00
CurrentDeferredAssets568.30M526.60M1.07B747.20M
CurrentDeferredTaxesAssets568.30M526.60M747.30M747.20M
PrepaidAssets225.40M140.90M155.90M194.60M
Inventory4.00B3.85B3.47B3.52B
FinishedGoods2.09B1.98B2.14B2.19B
WorkInProcess491.70M527.30M602.10M755.40M
RawMaterials1.42B1.35B731.70M571.50M
Receivables3.35B3.52B4.04B4.14B
OtherReceivables453.70M546.00M876.60M570.70M
TaxesReceivable315.80M300.70M340.20M328.40M
AccountsReceivable2.58B2.68B2.82B3.24B
AllowanceForDoubtfulAccountsReceivable-136.00M-107.60M-118.80M-114.70M
GrossAccountsReceivable2.71B2.78B2.94B3.36B
CashCashEquivalentsAndShortTermInvestments1.51B1.09B1.18B1.47B
OtherShortTermInvestments190.60M355.10M192.50M212.60M
CashAndCashEquivalents1.32B734.80M991.90M1.26B
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow1.85B1.94B2.33B2.51B
RepurchaseOfCapitalStock-500.50M-250.00M-250.00M0.00
RepaymentOfDebt-100.00K-3.71B-1.25B-3.66B
IssuanceOfDebt0.000.00300.00K1.88B
IssuanceOfCapitalStock2.60M2.50M3.10M3.30M
CapitalExpenditure-465.10M-359.10M-574.90M-489.40M
InterestPaidSupplementalData492.60M561.10M611.60M642.50M
IncomeTaxPaidSupplementalData514.00M570.90M735.20M641.70M
EndCashPosition1.35B736.10M993.60M1.26B
BeginningCashPosition736.10M993.60M1.26B706.20M
EffectOfExchangeRateChanges17.60M-30.70M-2.50M-38.90M
ChangesInCash594.30M-226.80M-266.40M595.20M
FinancingCashFlow-1.29B-4.33B-2.30B-3.88B
CashFlowFromContinuingFinancingActivities-1.29B-4.33B-2.30B-3.88B
NetOtherFinancingCharges-234.90M205.60M-229.80M-19.50M
ProceedsFromStockOptionExercised0.000.00
CashDividendsPaid-561.20M-574.80M-575.60M-581.60M
CommonStockDividendPaid-561.20M-574.80M-575.60M-581.60M
NetCommonStockIssuance-497.90M-247.50M-246.90M3.30M
CommonStockPayments-500.50M-250.00M-250.00M0.00
CommonStockIssuance2.60M2.50M3.10M3.30M
NetIssuancePaymentsOfDebt100.00K-3.71B-1.25B-3.28B
NetShortTermDebtIssuance200.00K0.00300.00K-1.49B
NetLongTermDebtIssuance-100.00K-3.71B-1.25B-1.79B
LongTermDebtPayments-100.00K-3.71B-1.25B-3.66B
LongTermDebtIssuance0.000.00300.00K1.88B
InvestingCashFlow-427.70M1.80B-864.50M1.47B
CashFlowFromContinuingInvestingActivities-427.70M1.80B-864.50M1.47B
NetOtherInvestingChanges2.50M2.51B364.10M1.95B
NetInvestmentPurchaseAndSale0.000.000.00-300.00K
SaleOfInvestment23.90M26.00M26.30M29.90M
PurchaseOfInvestment-23.90M-26.00M-26.30M-30.20M
NetBusinessPurchaseAndSale0.00-350.00M-667.70M0.00
PurchaseOfBusiness0.00-350.00M-667.70M0.00
NetIntangiblesPurchaseAndSale-86.30M-33.10M-197.90M-83.40M
PurchaseOfIntangibles-86.30M-33.10M-197.90M-83.40M
NetPPEPurchaseAndSale34.90M2.70M14.00M13.80M
SaleOfPPE34.90M2.70M14.00M13.80M
CapitalExpenditureReported-378.80M-326.00M-377.00M-406.00M
OperatingCashFlow2.32B2.30B2.90B3.00B
CashFlowFromContinuingOperatingActivities2.32B2.30B2.90B3.00B
ChangeInWorkingCapital-686.40M-318.60M-711.30M-922.60M
ChangeInOtherWorkingCapital-746.60M68.70M-491.30M-593.00M
ChangeInPayablesAndAccruedExpense-168.00M36.00M314.70M170.20M
ChangeInPayable-168.00M36.00M314.70M170.20M
ChangeInAccountPayable-168.00M36.00M314.70M170.20M
ChangeInInventory-106.40M-723.40M-613.30M-259.50M
ChangeInReceivables334.60M300.10M78.60M-240.30M
ChangesInAccountReceivables334.60M300.10M78.60M-240.30M
OtherNonCashItems929.10M572.20M682.20M432.60M
StockBasedCompensation177.70M146.10M180.70M116.40M
AssetImpairmentCharge2.94B321.00M580.10M
DeferredTax-476.50M-767.60M-387.10M-25.90M
DeferredIncomeTax-476.50M-767.60M-387.10M-25.90M
DepreciationAmortizationDepletion2.80B2.89B2.74B3.03B
DepreciationAndAmortization2.80B2.89B2.74B3.03B
OperatingGainsLosses151.80M411.80M340.30M-1.71B
EarningsLossesFromEquityInvestments0.000.0061.90M
GainLossOnSaleOfPPE50.80M12.30M100.40M46.40M
GainLossOnSaleOfBusiness101.00M399.50M239.90M-1.75B
NetIncomeFromContinuingOperations-3.51B-634.20M54.70M2.08B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for VTRS
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