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Viatris VTRS Emerging 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 emerging markets — cost of sales?
Viatris (VTRS) reported emerging markets — cost of sales of $241.8M in Q4 2025.
How has Viatris's emerging markets — cost of sales changed year-over-year?
Viatris's emerging markets — cost of sales decreased by 4.8% year-over-year, from $254.1M to $241.8M.
What is the long-term trend for Viatris's emerging markets — cost of sales?
Over 3 years (2022 to 2025), Viatris's emerging markets — cost of sales has grown at a -3.8% compound annual growth rate (CAGR), from $1.09B to $967.2M.
What does emerging markets — cost of sales mean?
Includes all direct costs associated with producing and delivering products sold within the Emerging Markets segment, such as raw materials, manufacturing labor, and distribution costs. It is a primary driver of the segment's gross margin.