Avantor, Inc. (AVTR) Revenue History
Annual and quarterly revenue from 2016 to 2025
Compound Annual Growth Rate (CAGR)
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AVTR Revenue Growth
Revenue Breakdown (FY 2025)
AVTR's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
AVTR Revenue Analysis (2016–2025)
As of May 8, 2026, Avantor, Inc. (AVTR) generated trailing twelve-month (TTM) revenue of $6.55 billion, reflecting slight decline in growth of +0.0% year-over-year. The most recent quarter (Q1 2026) recorded $1.58 billion in revenue, down 4.9% sequentially.
Looking at the longer-term picture, AVTR's 5-year compound annual growth rate (CAGR) stands at +0.5%, indicating moderate growth over time. The company achieved its highest annual revenue of $7.51 billion in 2022.
Revenue diversification analysis shows AVTR's business is primarily driven by Proprietary Materials And Consumables (53%), and Third Party Materials And Consumables (47%). With over half of revenue concentrated in Proprietary Materials And Consumables, the company maintains significant focus in this area while developing other growth vectors.
When compared to Healthcare sector peers including TMO (+5.4% YoY), DHR (+4.0% YoY), and MLAB (+4.1% YoY), AVTR has underperformed the peer group in terms of revenue growth. Compare AVTR vs TMO →
AVTR Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| AVTRCurrent | $6.6B | +0.0% | +0.5% | -3.8% | |
 TMO | $44.6B | +5.4% | +6.7% | 18.2% | |
 DHR | $24.6B | +4.0% | +2.0% | 20.9% | |
 MLAB | $241M | +4.1% | +15.4% | 6.8% | |
 SITE | $4.7B | +2.8% | +11.7% | 5.1% | |
 WAT | $3.2B | +26.4% | +6.0% | 28.2% |
AVTR Historical Revenue Data (2016–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $6.55B | -3.4% | $2.14B | 32.7% | $-246,200,000 | -3.8% |
| 2024 | $6.78B | -2.6% | $2.28B | 33.6% | $1.08B | 16.0% |
| 2023 | $6.97B | -7.3% | $2.36B | 33.9% | $696.4M | 10.0% |
| 2022 | $7.51B | +1.7% | $2.60B | 34.6% | $1.13B | 15.0% |
| 2021 | $7.39B | +15.5% | $2.50B | 33.9% | $972.2M | 13.2% |
| 2020 | $6.39B | +5.8% | $2.08B | 32.5% | $706.8M | 11.1% |
| 2019 | $6.04B | +3.0% | $1.92B | 31.8% | $551.8M | 9.1% |
| 2018 | $5.86B | +370.1% | $1.82B | 31.0% | $413.5M | 7.1% |
| 2017 | $1.25B | +80.4% | $432.8M | 34.7% | $-210,400,000 | -16.9% |
| 2016 | $691.3M | - | $319.7M | 46.2% | $9.9M | 1.4% |
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Start ComparisonAVTR — Frequently Asked Questions
Quick answers to the most common questions about buying AVTR stock.
Is AVTR's revenue growth accelerating or slowing?
AVTR TTM revenue: $6.6B. YoY growth: +0.0%. 5-year CAGR: +0.5%.
What is AVTR's long-term revenue growth rate?
Avantor, Inc.'s 5-year revenue CAGR of +0.5% reflects the variable expansion pattern. Current YoY growth of +0.0% is near this long-term average.
How is AVTR's revenue distributed by segment?
AVTR reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2016-2025 are available for download. Segment mix reveals concentration and diversification trends.