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VTRSViatris Inc.
$17.12$19.9B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
VTRS logo

Viatris Inc.

VTRS
NASDAQ · Specialty & Generic Pharma
$17.12
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$19.94B
P/E-5.7x
52W High$18.39
Volume6.58M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Divestiture-Driven Reshaping Masks Persistent Margin Volatility

Viatris is undergoing a strategic transformation, shedding assets and reducing debt from $18.2B to $13.6B, yet equity erosion and a D/E ratio of 0.96 indicate leverage is not improving. Revenue growth has stabilized at 4.9% in 2026Q2, but gross margin swings f...

GrowthMixed
ProfitabilityStrained
ValuationAttractive
TechnicalsHealthy
Explore valuation models
MARKET ACTION

VTRS price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

9/12 Beats

EPS beat 9 of last 12 quarters

02

Valuation risk

-120% Peers

P/E is 120% below peer median

03

Market leadership

RS 72 · Avg

Average momentum (RS Rating: 72)

04

Healthy Uptrend

Uptrend

Price > 50DMA > 200DMA

Next CatalystEstimated earnings · Nov 6
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth turned positive at 4.9% in 2026Q2, yet gross margin volatility (30.6% to 41.1% over ten quarters) and a near-zero operating margin of 0.2% indicate persistent cost and pricing pressures.

Analyst Consensus+19.7% target
Hold(13 analysts)
4 Buy8 Hold1 Sell

The Bull Case

Upside Catalysts

Revenue and earnings growth

Viatris reported improved sales and net income, with sales rising to US$3,509.7 million from US$3,243.2 million and net income turning positive to US$176.4 million.

Strong global portfolio

Viatris has a diverse portfolio of over 1,400 molecules across major therapeutic areas, including best-in-class branded products and generics.

Merger synergies

The merger of Mylan and Upjohn has positioned Viatris to bridge the gap between generics and branded drugs, creating a unique global healthcare company.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
VTRS+40.29%
S&P 500 (^GSPC)+12.39%
1-Year Return
VTRS+83.33%
S&P 500 (^GSPC)+15.77%
3-Year Return
VTRS+90.95%
S&P 500 (^GSPC)+75.55%
5-Year Return
VTRS+46.25%
S&P 500 (^GSPC)+71.61%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-5.7x
Forward P/E
6.8x
EV/EBITDA100th %ile
246.2x
FCF YieldCash Flow
9.7%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-5.7x
239.1x
0th· Low
EV/EBITDA
246.2x
8.7x
100th· High
Price/FCF
10.3x
6.5x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$26.20+53.0%
Base (Fair)$51.12+201.6%
Bull$71.14+315.5%
$26.20 Bear$51.12 Base$71.14 Bull
Current Market Price: $17.12
Trades at a 66.5% discount to Base DCF ($51.12)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$14.3B-3.0% YoY
Net income
-$3.51B-454.2% YoY
Free cash flow
$1.94B-2.0% YoY
Operating margin
-18.6%-18.7 pts YoY
ROIC (TTM)-6.6%
Avg ROIC 5Y-
ROE (TTM)-21.1%
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate9/12 (75%)
Revenue Beat Rate9/12 (75%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 6, 2026
$0.69+14.8%
vs $0.60
$3.8B+2.2%
vs $3.7B
Q2 2026
May 7, 2026
$0.59+17.5%
vs $0.50
$3.5B+4.8%
vs $3.4B
Q1 2026
Feb 26, 2026
$0.57+7.1%
vs $0.53
$3.7B+4.8%
vs $3.5B
Q4 2025
Nov 6, 2025
$0.67+7.9%
vs $0.62
$3.8B+3.8%
vs $3.6B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
PRNewsWire·Sep 16, 2026
Viatris Announces Approval of WAKIX® (Pitolisant) in Japan, a First-in-Class Treatment for Narcolepsy and Excessive Daytime Sleepiness Associated With Obstructive Sleep Apnea Syndrome

Approval Addresses High Unmet Medical Need and Further Advances Viatris' Innovative Portfolio in Japan PITTSBURGH, Sept. 16, 2026 /PRNewswire/ -- Viatris Inc. (Nasdaq: VTRS), a global healthcare company, today announced that Japan's Ministry of Health, Labour and Welfare has granted approval for WAKIX® (pitolisant) for the treatment of excessive daytime sleepiness (EDS) associated with obstructive sleep apnea syndrome (OSAS) in patients receiving treatment for airway obstruction, and approval for narcolepsy (type 1 and 2 – with and without cataplexy).

Seeking Alpha·Sep 9, 2026
Viatris: Strong Cash Generation And Pipeline Progress Keep The Re-Rating Story Alive

Viatris' Q2 showed better earnings quality, with adjusted net income and EPS up 11% while free cash flow doubled year-over-year. Deleveraging remains on track, while buybacks and dividends demonstrate that stronger cash generation is already supporting shareholder returns. Pipeline progress and new-product approvals provide additional growth optionality beyond the mature portfolio, with key Phase 3 assets approaching important milestones.

Zacks Investment Research·Sep 9, 2026
Viatris (VTRS) is a Top-Ranked Value Stock: Should You Buy?

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Proactive Investors·Aug 28, 2026
Cavendish reiterates 'buy' rating on Shield Therapeutics after US deal with Viatris

Cavendish has reiterated its buy rating on Shield Therapeutics PLC (AIM:STX, OTCQB:SHIEF) following the pharmaceutical company's agreement to take full commercial control of its main United States (US) product from Viatris. The broker kept its target price at 23 pence, implying potential upside of 318% from current share price of about 5.5 pence.

Filtered for Viatris Inc.More Headlines
04

Compare before deciding

Benchmark VTRS against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Viatris Inc. (VTRS)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
VTRS logoVTRSViatris Inc.Current
$17.12$19.94B-5.71-2.98%-24.58%-21.08%2.8%
TEVA logoTEVATeva Pharmaceutical Industries Limited
$39.01$46.07B32.514.31%4.08%9.06%—
AMRX logoAMRXAmneal Pharmaceuticals, Inc.
$19.33$6.17B87.868.05%5.05%——
PRGO logoPRGOPerrigo Company plc
$13.84$1.92B-1.35-2.75%-41.85%-55.97%—
PFE logoPFEPfizer Inc.
$28.17$160.55B20.71-1.65%6.81%4.87%—
MRK logoMRKMerck & Co., Inc.
$148.11$365.81B20.341.18%4.78%6.59%—

Compare VTRS vs Peers

Viatris Inc. (VTRS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TEVA

Most directly comparable listed peer for VTRS.

Scale Benchmark

vs ABBV

Larger-name benchmark to compare VTRS against a more recognizable public peer.

Peer Set

Compare Top 5

vs TEVA, AMRX, PRGO, PFE

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

VTRS SEC Filings & Documents

Viatris Inc. (VTRS) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 6, 2026·SEC

Material company update

Jul 1, 2026·SEC

Material company update

Jun 18, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 27, 2025·SEC

FY 2024

Feb 28, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 6, 2026·SEC

FY 2026

May 7, 2026·SEC

FY 2025

Nov 6, 2025·SEC

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VTRS Frequently Asked Questions

Viatris Inc. (VTRS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Viatris Inc.'s revenue?

Viatris Inc. (VTRS) reported $14.74B in revenue for fiscal year 2025. This represents a 972% increase from $1.37B in 2003.

How fast is Viatris Inc. growing?

Viatris Inc. (VTRS) saw revenue decline by 3.0% over the past year.

Is VTRS profitable?

Viatris Inc. (VTRS) reported a net loss of $410.7M for fiscal year 2025.

Dividend & Returns
Does VTRS pay dividends?

Yes, Viatris Inc. (VTRS) pays a dividend with a yield of 2.80%. This makes it attractive for income-focused investors.

What is VTRS's return on equity?

Viatris Inc. (VTRS) has a return on equity (ROE) of -21.1%. Negative ROE indicates the company is unprofitable.

What is Viatris Inc.'s free cash flow?

Viatris Inc. (VTRS) generated $1.87B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in VTRS back in 2003?

Total return calculator · dividends reinvested · 23+ years of data

See returns →