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Alvotech (ALVO) 10-Year Financial Performance & Capital Metrics

ALVO • • Industrial / General
HealthcareSpecialty & Generic PharmaBiologics & BiosimilarsMonoclonal Antibody Biosimilars
AboutAlvotech, through its subsidiaries, develops and manufactures biosimilar medicines for patients worldwide. It offers biosimilar products in the therapeutic areas of autoimmune, eye, and bone disorders, as well as cancer. The company's lead program is AVT02, a high concentration formulation biosimilar to Humira to treat various inflammatory conditions, including rheumatoid arthritis, psoriatic arthritis, Crohn's disease, ulcerative colitis, plaque psoriasis, and other indications; AVT04, a biosimilar to Stelara to treat various inflammatory conditions comprising psoriatic arthritis, Crohn's disease, ulcerative colitis, plaque psoriasis, and other indications; AVT06, a biosimilar to Eylea to treat various conditions, such as age-related macular degeneration, macular edema, and diabetic retinopathy; and AVT03, a biosimilar to Xgeva and Prolia, which is in the pre-clinical phase to treat prevent bone fracture, spinal cord compression, and the need for radiation or bone surgery in patients with certain types of cancer, as well as prevent bone loss and increase bone mass. It also offers AVT05, a biosimilar to Simponi and Simponi Aria, which is in early phase development to treat various inflammatory conditions, including rheumatoid arthritis, psoriatic arthritis, ulcerative colitis, and other indications; AVT16, a biosimilar to an immunology product; AVT23, a biosimilar to Xolair, which is in late-stage development to treat nasal polyps; and AVT33, a biosimilar to an oncology product. The company was founded in 2013 and is headquartered in Reykjavik, Iceland.Show more
  • Revenue $490M +435.6%
  • EBITDA $101M +130.5%
  • Net Income -$232M +58.0%
  • EPS (Diluted) -0.87 +64.2%
  • Gross Margin 62.16% +181.9%
  • EBITDA Margin 20.61% +105.7%
  • Operating Margin 14.22% +103.7%
  • Net Margin -47.35% +92.2%
  • ROE -
  • ROIC 12.18% +107.0%
  • Debt/Equity -
  • Interest Coverage 0.44 +116.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 11 (bottom 11%)
  • ✗Shares diluted 17.9% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y137.03%
TTM45.05%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM115.75%

EPS CAGR

10Y-
5Y-
3Y-
TTM112.88%

ROCE

10Y Avg-37.82%
5Y Avg-37.82%
3Y Avg-34.95%
Latest8.11%

Peer Comparison

Monoclonal Antibody Biosimilars
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
ALVOAlvotech1.54B4.95-5.69435.56%12.17%

Profit & Loss

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+66.62M36.77M83.03M91.43M489.68M
Revenue Growth %--0.45%1.26%0.1%4.36%
Cost of Goods Sold+0064.09M160.86M185.31M
COGS % of Revenue--0.77%1.76%0.38%
Gross Profit+66.62M36.77M18.93M-69.42M304.37M
Gross Margin %1%1%0.23%-0.76%0.62%
Gross Profit Growth %--0.45%-0.49%-4.67%5.38%
Operating Expenses+204.15M272.23M365.38M285.44M234.73M
OpEx % of Revenue3.06%7.4%4.4%3.12%0.48%
Selling, General & Admin58.91M84.13M186.74M73.04M61.45M
SG&A % of Revenue0.88%2.29%2.25%0.8%0.13%
Research & Development148.07M191.01M180.62M210.83M171.31M
R&D % of Revenue2.22%5.19%2.18%2.31%0.35%
Other Operating Expenses-2.83M-2.91M-1.99M1.57M1.96M
Operating Income+-137.54M-235.46M-346.44M-354.86M69.64M
Operating Margin %-2.06%-6.4%-4.17%-3.88%0.14%
Operating Income Growth %--0.71%-0.47%-0.02%1.2%
EBITDA+-121.12M-217.26M-326.03M-330.65M100.94M
EBITDA Margin %-1.82%-5.91%-3.93%-3.62%0.21%
EBITDA Growth %--0.79%-0.5%-0.01%1.31%
D&A (Non-Cash Add-back)16.42M18.2M20.41M24.21M31.3M
EBIT-194.3M-36.23M-460.21M-517.88M-63.58M
Net Interest Income+-433.19K-112.95M-90.53M-130M-152.98M
Interest Income-19K912K4.82M4.62M
Interest Expense433.19K112.97M91.44M134.82M157.6M
Other Income/Expense-154.23M86.26M-205.21M-296.19M-287.21M
Pretax Income+-291.77M-149.2M-551.65M-651.05M-217.56M
Pretax Margin %-4.38%-4.06%-6.64%-7.12%-0.44%
Income Tax+-121.73M-47.69M-38.07M-99.32M14.3M
Effective Tax Rate %0.58%0.68%0.93%0.85%1.07%
Net Income+-170.04M-101.5M-513.58M-551.73M-231.86M
Net Margin %-2.55%-2.76%-6.19%-6.03%-0.47%
Net Income Growth %-0.4%-4.06%-0.07%0.58%
Net Income (Continuing)-170.04M-101.5M-513.58M-551.73M-231.86M
Discontinued Operations00000
Minority Interest00000
EPS (Diluted)+-5.44-3.25-2.60-2.43-0.87
EPS Growth %-0.4%0.2%0.07%0.64%
EPS (Basic)-5.44-3.25-2.60-2.43-0.87
Diluted Shares Outstanding31.25M31.25M197.72M227.26M267.92M
Basic Shares Outstanding31.25M31.25M197.72M227.26M267.92M
Dividend Payout Ratio-----

Balance Sheet

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+86.16M119.82M230.74M194.84M455.02M
Cash & Short-Term Investments31.69M17.56M66.43M11.16M51.43M
Cash Only31.69M17.56M66.43M11.16M51.43M
Short-Term Investments00000
Accounts Receivable33.12M53.88M71.39M87.22M251.72M
Days Sales Outstanding181.45534.83313.82348.17187.63
Inventory9.65M39.06M71.47M74.43M127.89M
Days Inventory Outstanding--407168.9251.9
Other Current Assets5.79M0851K00
Total Non-Current Assets+388.26M478.16M597.71M755.25M766.38M
Property, Plant & Equipment176.97M205.33M268.1M356.58M409.74M
Fixed Asset Turnover0.38x0.18x0.31x0.26x1.20x
Goodwill13.43M12.37M11.64M12.06M11.33M
Intangible Assets6.33M21.51M25.65M19.08M20.62M
Long-Term Investments56.68M55.31M48.57M18.49M22.71M
Other Non-Current Assets134.85M13.23M34.25M39.23M3.62M
Total Assets+474.42M597.98M828.44M950.09M1.22B
Asset Turnover0.14x0.06x0.10x0.10x0.40x
Asset Growth %-0.26%0.39%0.15%0.29%
Total Current Liabilities+50.98M111.84M167.29M260.95M193.4M
Accounts Payable11.96M28.59M49.19M80.56M67.13M
Days Payables Outstanding--280.11182.81132.22
Short-Term Debt2.5M2.77M19.92M38.02M32.7M
Deferred Revenue (Current)01000K1000K1000K1000K
Other Current Liabilities14.63M0034.5M6.63M
Current Ratio1.69x1.07x1.38x0.75x2.35x
Quick Ratio1.50x0.72x0.95x0.46x1.69x
Cash Conversion Cycle--440.71334.26307.31
Total Non-Current Liabilities+1.29B621.75M1.23B1.62B1.44B
Long-Term Debt565.4M398.14M744.65M922.13M1.04B
Capital Lease Obligations103.47M114.84M35.37M105.63M112.14M
Deferred Tax Liabilities0150K309K53K1.81M
Other Non-Current Liabilities621.82M63.77M388.22M520.55M210.22M
Total Liabilities1.34B733.59M1.39B1.88B1.63B
Total Debt+676.85M523.05M805.1M1.08B1.19B
Net Debt645.16M505.5M738.67M1.06B1.14B
Debt / Equity-----
Debt / EBITDA----11.79x
Net Debt / EBITDA----11.28x
Interest Coverage-317.50x-2.08x-3.79x-2.63x0.44x
Total Equity+-867.24M-135.61M-564.42M-932.49M-412.77M
Equity Growth %-0.84%-3.16%-0.65%0.56%
Book Value per Share-27.75-4.34-2.85-4.10-1.54
Total Shareholders' Equity-867.24M-135.61M-564.42M-932.49M-412.77M
Common Stock73K135K2.13M2.28M2.83M
Retained Earnings-1.04B-1.14B-1.65B-2.21B-2.44B
Treasury Stock00000
Accumulated OCI4.97M4.67M29.14M41.38M15.05M
Minority Interest00000

Cash Flow

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-74.3M-228.17M-312.39M-312.19M-236.84M
Operating CF Margin %-1.12%-6.2%-3.76%-3.41%-0.48%
Operating CF Growth %--2.07%-0.37%0%0.24%
Net Income-170.04M-101.5M-513.58M-551.73M-231.86M
Depreciation & Amortization16.42M18.2M20.41M24.21M31.3M
Stock-Based Compensation0010.32M18.03M7.63M
Deferred Taxes-121.73M-47.69M-38.07M-99.32M14.3M
Other Non-Cash Items168.54M-90.36M256.42M270.29M230.44M
Working Capital Changes32.52M-6.81M-47.89M26.33M-288.64M
Change in Receivables10.1M-13.53M-13.23M-24.83M-164.24M
Change in Inventory-3.25M-29.41M-32.41M-11.3M-49.97M
Change in Payables227K14.32M000
Cash from Investing+-16.9M-40.63M-63.54M-46.34M-18.87M
Capital Expenditures-7.49M-20.46M-37.88M-33.23M-53.66M
CapEx % of Revenue0.11%0.56%0.46%0.36%0.11%
Acquisitions-----
Investments-----
Other Investing-4.42M-20.17M-25.66M-13.11M22.79M
Cash from Financing+55.4M254.83M424.91M301.32M297.31M
Debt Issued (Net)-----
Equity Issued (Net)-----
Dividends Paid00000
Share Repurchases-----
Other Financing00157.27M-6.75M-5.13M
Net Change in Cash-----
Free Cash Flow+-86.28M-268.8M-361.39M-358.66M-293.84M
FCF Margin %-1.3%-7.31%-4.35%-3.92%-0.6%
FCF Growth %--2.12%-0.34%0.01%0.18%
FCF per Share-2.76-8.60-1.83-1.58-1.10
FCF Conversion (FCF/Net Income)0.44x2.25x0.61x0.57x1.02x
Interest Paid00000
Taxes Paid00000

Key Ratios

Metric20202021202220232024
Return on Invested Capital (ROIC)--238.97%-95.5%-173.9%12.18%
Gross Margin100%100%22.8%-75.93%62.16%
Net Margin-255.26%-276.04%-618.56%-603.42%-47.35%
Interest Coverage-317.50x-2.08x-3.79x-2.63x0.44x
FCF Conversion0.44x2.25x0.61x0.57x1.02x
Revenue Growth--44.8%125.79%10.12%435.56%

Revenue by Segment

202220232024
Humira-12.2B-
Humira Growth---

Revenue by Geography

202220232024
UNITED STATES--273.04M
UNITED STATES Growth---
Europe39.43M63.51M157.59M
Europe Growth-61.06%148.13%
Rest Of The World--59.06M
Rest Of The World Growth---
North America30.78M18.31M-
North America Growth--40.53%-
Asia And Other-9.62M-
Asia And Other Growth---
Asia6.8M--
Asia Growth---
Other Geographical Area6.02M--
Other Geographical Area Growth---

Frequently Asked Questions

Growth & Financials

Alvotech (ALVO) reported $571.2M in revenue for fiscal year 2024. This represents a 757% increase from $66.6M in 2020.

Alvotech (ALVO) grew revenue by 435.6% over the past year. This is strong growth.

Yes, Alvotech (ALVO) is profitable, generating $69.5M in net income for fiscal year 2024 (-47.3% net margin).

Dividend & Returns

Alvotech (ALVO) had negative free cash flow of $113.5M in fiscal year 2024, likely due to heavy capital investments.

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