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Viatris

VTRS

Viatris is a global healthcare company formed through the combination of Mylan and Pfizer's Upjohn business, specializing in a diverse portfolio of medicines including iconic brands, generics, and complex products.

Market cap
$19.4B+77.4%
Revenue$14.6B+1.6%
Net income-$296.5M+92.2%
Free cash flow$1.8B-5.9%
EPS (diluted)-$0.26+91.8%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 3 weeks)
Revenue estimate$3.7B
EPS estimate$0.62

Financials

Q1 2026

Income statement

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Revenue$3.5B+8.1%
Gross profit$1.2B-0.3%
Operating income-$79.7M+97.2%
Net income$176.4M+106%
EPS (diluted)$0.15+106%

Balance sheet

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Cash & equivalents$1.8B+139%
Total debt$14.6B+1.0%
Total equity$14.7B-6.3%
Total assets$36.8B-4.3%

Cash flow

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Operating cash flow$388.3M-27.5%
CapEx$39.9M-6.3%
Free cash flow$348.4M-29.3%

Valuation & ratios

Valuation

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Market cap$19.4B+77.4%
Enterprise value$32.21B+28.1%
P/S1.3×+0.6×

Profitability

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Gross margin34.4%-2.5pp
Operating margin1%
Net margin-2%-1.0pp
FCF margin12.3%-1.0pp

Returns & leverage

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Return on equity-2%-0.9pp
Debt / equity+0.1×
Current ratio1.6×-0.1×

Segments

By product

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Brands$2.3B+10.2%
Generics$1.2B+4.5%
Lipitor$462.0M+19.1%
Norvasc$210.0M+21.9%
Lyrica ®$120.6M+7.1%

By segment

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Developed Markets Segment$2.0B+6.7%
Greater China$680.1M+22.4%
Emerging Markets Segment$537.4M+2.7%
Japan, Australia and New Zealand Segment$273.5M-1.3%

Competitors

Profile

Viatris is a global healthcare company formed through the combination of Mylan and Pfizer's Upjohn business, specializing in a diverse portfolio of medicines including iconic brands, generics, and complex products. The company leverages a massive global supply chain and R&D infrastructure to provide high-quality treatments to approximately one billion patients annually across more than 165 countries. Its core value proposition centers on 'access at scale,' bridging the gap between traditional generic manufacturing and innovative branded pharmaceuticals.

Competitive position

A leading global provider of medicines with a unique hybrid model that combines a massive generic portfolio with iconic established brands and a growing innovative pipeline.

GeographiesNorth America, Europe, China, Japan, Australia, India
Customer segmentsWholesalers, Retailers, Governments, Healthcare Providers
Business modelManufacturing, Research and Development, B2B, Licensing
SuppliersActive Pharmaceutical Ingredient (API) suppliers, Contract Manufacturing Organizations (CMOs), Raw material providers, Clinical trial partners
CustomersPharmaceutical wholesalers, Retail pharmacy chains, Hospitals and health systems, Government health agencies, Insurance companies
Listed1973
Employees38.0K
CEOScott Andrew Smith
FilingsSEC EDGAR

Questions, answered.

What is Viatris's market cap?
Viatris (VTRS) has a market capitalization of $19.4B and trades on NASDAQ.
What is Viatris's revenue and profitability?
Viatris generated $14.6B in trailing twelve-month revenue with a net loss of $296.5M, representing a net margin of -2.0%. Gross margin stands at 34.4%, with free cash flow of $1.8B. These figures are based on the Q1 2026 filing.
Who are Viatris's competitors?
Viatris's key competitors include Pfizer Inc., Teva Pharmaceutical Industries Ltd., McKesson Corporation, and others. These companies compete in similar markets and product categories.
Who does Viatris partner with?
Viatris's notable partners include Biocon Biologics, Insud Pharma, S.L., Cooper Consumer Health, and others.
What subsidiaries does Viatris have?
Viatris's subsidiaries include Aculys Pharma, Mylan.
Where is Viatris headquartered?
Viatris is headquartered in United States of America and employs approximately 38,000 people. It has been publicly traded since 1973.