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Viatris VTRS Gross margin

Gross margin at other companies

Pfizer logo
PfizerPFE
73.5%+1.2pp
McKesson logo
McKessonMCK
3.6%-0.1pp
Cencora logo
CencoraCOR
3.8%+0.4pp
West Pharmaceutical Services logo
West Pharmaceutical ServicesWST
36.3%+1.7pp
Neurocrine Biosciences logo
Neurocrine BiosciencesNBIX
98.2%-0.3pp
Biogen logo
BiogenBIIB
75.5%-0.1pp

Other financials

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

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Market cap$18.32B+49.6%
Enterprise value$31.13B+17.7%
P/S1.3×+0.4×

Profitability

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Operating margin1%
Net margin-2%-1.0pp

Returns & leverage

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

Where this comes from

Calculated from Viatris’s reported figures.

Based on trailing twelve months.

The official record: Viatris’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Viatris's gross margin?
Viatris (VTRS) reported gross margin of 34.4% in Q1 2026.
How has Viatris's gross margin changed year-over-year?
Viatris's gross margin decreased by 6.7% year-over-year, from 36.9% to 34.4%.
What is the long-term trend for Viatris's gross margin?
Over 4 years (2021 to 2025), Viatris's gross margin has grown at a 5.7% compound annual growth rate (CAGR), from 115.6% to 144.5%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.