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Viatris VTRS Developed Markets — Cost of Sales

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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$18.49B+81.7%
Enterprise value$31.3B+29.5%
P/S1.3×+0.5×

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×

Where this comes from

Reported directly by Viatris in its filing.

Tagged under the XBRL concept vtrs:CostOfGoodsAndServicesSoldAdjusted.

The official record: Viatris’s 10-K, filed February 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Viatris's developed markets — cost of sales?
Viatris (VTRS) reported developed markets — cost of sales of $1.02B in Q4 2025.
How has Viatris's developed markets — cost of sales changed year-over-year?
Viatris's developed markets — cost of sales increased by 1.9% year-over-year, from $1B to $1.02B.
What is the long-term trend for Viatris's developed markets — cost of sales?
Over 3 years (2022 to 2025), Viatris's developed markets — cost of sales has grown at a 0.5% compound annual growth rate (CAGR), from $4.03B to $4.09B.
What does developed markets — cost of sales mean?
The direct costs attributable to the production and distribution of products sold within the Developed Markets segment, including raw materials, manufacturing labor, and overhead. This is a primary driver of the segment's gross margin and operational efficiency.