What is Avantor's invested capital?

Avantor (AVTR) reported invested capital of $9.12B in Q1 2026.

How has Avantor's invested capital changed year-over-year?

Avantor's invested capital decreased by 7.7% year-over-year, from $9.89B to $9.12B.

What is the long-term trend for Avantor's invested capital?

Over 5 years (2020 to 2025), Avantor's invested capital has grown at a 4.6% compound annual growth rate (CAGR), from $7.48B to $9.36B.

What does invested capital mean?

Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

Avantor AVTR Invested capital

Discontinued — last reported Q1 '26

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7.2%-1.0pp

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13.6%+4.8pp

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MSA

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6%+4.4pp

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$58.7M-46.3%

CapEx$33.5M+19.6%

Free cash flow$25.2M-69.0%

Valuation

See full

Market cap$6.54B-52.0%

Enterprise value$10.07B-40.4%

P/S1×-1.0×

Profitability

See full

Gross margin32.1%-1.4pp

Operating margin4%-5.2pp

Net margin-9.2%-19.9pp

FCF margin6.7%-3.3pp

Returns & leverage

See full

Return on equity-10.3%-22.8pp

Debt / equity0.7×0.0×

Current ratio1.8×+0.6×

Where this comes from

Calculated from Avantor’s reported figures.

$3.8Btotal debt+$5.6Btotal stockholders equity−$282.2Mcash and equivalents=$9.12B

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 invested capital?: Avantor (AVTR) reported invested capital of $9.12B in Q1 2026.
How has Avantor's invested capital changed year-over-year?: Avantor's invested capital decreased by 7.7% year-over-year, from $9.89B to $9.12B.
What is the long-term trend for Avantor's invested capital?: Over 5 years (2020 to 2025), Avantor's invested capital has grown at a 4.6% compound annual growth rate (CAGR), from $7.48B to $9.36B.
What does invested capital mean?: Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).