What is Avantor's work in process?

Avantor (AVTR) reported work in process of $67.4M in Q1 2026.

How has Avantor's work in process changed year-over-year?

Avantor's work in process decreased by 0.1% year-over-year, from $67.5M to $67.4M.

What is the long-term trend for Avantor's work in process?

Over 5 years (2020 to 2025), Avantor's work in process has grown at a 11.5% compound annual growth rate (CAGR), from $37.5M to $64.7M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Avantor AVTR Work in process

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Other financials

Income statement

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Revenue$1.6B0.0%

Gross profit$500.7M-6.4%

Operating income$99.5M-32.5%

Net income$43.3M-32.9%

EPS (diluted)$0.06-33.3%

Balance sheet

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Cash & equivalents$282.2M-11.4%

Total debt$3.8B-7.1%

Total equity$5.6B-8.4%

Total assets$11.7B-5.4%

Cash flow

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Operating cash flow$58.7M-46.3%

CapEx$33.5M+19.6%

Free cash flow$25.2M-69.0%

Valuation

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Market cap$6.54B-52.0%

Enterprise value$10.07B-40.4%

P/S1×-1.0×

Profitability

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Gross margin32.1%-1.4pp

Operating margin4%-5.2pp

Net margin-9.2%-19.9pp

FCF margin6.7%-3.3pp

Returns & leverage

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Return on equity-10.3%-22.8pp

Debt / equity0.7×0.0×

Current ratio1.8×+0.6×

Where this comes from

Reported directly by Avantor in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: Avantor’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Avantor's work in process?: Avantor (AVTR) reported work in process of $67.4M in Q1 2026.
How has Avantor's work in process changed year-over-year?: Avantor's work in process decreased by 0.1% year-over-year, from $67.5M to $67.4M.
What is the long-term trend for Avantor's work in process?: Over 5 years (2020 to 2025), Avantor's work in process has grown at a 11.5% compound annual growth rate (CAGR), from $37.5M to $64.7M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.