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VTRSViatris Inc.
$19.91$23.2B
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 Drugs
$19.91
At close - Nov 6, 4:00 PM EST - USD
Market Cap$23.19B
P/E-37.6x
52W High$19.96
Volume14.44M
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.

GrowthMixed
ProfitabilityStrained
ValuationAttractive
TechnicalsStrong
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

-190% Peers

P/E is 190% below peer median

03

Market leadership

RS 90 · Leader

High momentum (Outperforming 90% of market)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystEstimated earnings · Feb 5
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+6.1% target
Hold(13 analysts)
5 Buy7 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 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
VTRS+62.68%
S&P 500 (^GSPC)+7.63%
1-Year Return
VTRS+101.68%
S&P 500 (^GSPC)+9.69%
3-Year Return
VTRS+131.81%
S&P 500 (^GSPC)+77.29%
5-Year Return
VTRS+51.91%
S&P 500 (^GSPC)+63.60%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-37.6x
Forward P/E
7.9x
EV/EBITDA80th %ile
13.4x
FCF YieldCash Flow
8.8%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-37.6x
239.1x
0th· Low
EV/EBITDA
13.4x
8.7x
80th· High
Price/FCF
11.4x
6.5x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$26.14+31.3%
Base (Fair)$50.67+154.5%
Bull$72.13+262.3%
$26.14 Bear$50.67 Base$72.13 Bull
Current Market Price: $19.91
Trades at a 60.7% discount to Base DCF ($50.67)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$14.3B-3.0% YoY
Net income FY25
-$3.51B-454.2% YoY
Free cash flow FY25
$1.94B-2.0% YoY
Operating margin FY25
-18.6%-18.7 pts YoY
ROIC (FY25)-6.6%
Avg ROIC 5Y-0.4%
ROE (TTM)-4.2%
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 Rate8/12 (67%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 5, 2026
$0.71+11.5%
vs $0.64
$3.7B-1.0%
vs $3.8B
Q3 2026
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
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Zacks Investment Research·1d ago
Viatris (VTRS) is a Top-Ranked Value Stock: Should You Buy?

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Zacks Investment Research·2d ago
Here's What Key Metrics Tell Us About Viatris (VTRS) Q3 Earnings

The headline numbers for Viatris (VTRS) give insight into how the company performed in the quarter ended September 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Seeking Alpha·2d ago
Viatris Inc. (VTRS) Q3 2026 Earnings Call Transcript

Viatris Inc. (VTRS) Q3 2026 Earnings Call Transcript

Zacks Investment Research·2d ago
Viatris Q3 Earnings Beat on Stronger Margins, Revenues Fall Y/Y

VTRS beats Q3 earnings estimates on stronger margins and raises 2026 earnings guidance, despite revenue miss and persistent supply constraints.

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
$19.91$23.19B-37.62-2.98%-4.13%-4.24%2.41%
TEVA logoTEVATeva Pharmaceutical Industries Limited
$42.61$50.41B99.634.31%2.94%6.35%—
AMRX logoAMRXAmneal Pharmaceuticals, Inc.
$20.14$6.43B45.828.05%4.62%82.23%—
PRGO logoPRGOPerrigo Company plc
$15.85$2.19B-1.25-2.75%-43.27%-68.13%7.26%
PFE logoPFEPfizer Inc.
$29.39$167.51B41.91-1.65%6.34%4.58%5.85%
MRK logoMRKMerck & Co., Inc.
$146.73$362.4B148.231.18%3.64%5.29%2.22%

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 $14.73B in revenue over the trailing twelve months. Revenue was $14.30B in fiscal year 2025. That is 940% more than the $1.37B of fiscal year 2003.

How fast is Viatris Inc. growing?

Viatris Inc. (VTRS) grew revenue by 4.3% over the trailing twelve months, compared with the twelve months before.

Is VTRS profitable?

No. Viatris Inc. (VTRS) reported a net loss of $607.8M over the trailing twelve months.

Dividend & Returns
Does VTRS pay dividends?

Yes. Viatris Inc. (VTRS) pays a dividend that yields 2.41% at the current price, a moderate yield.

What is VTRS's return on equity?

Viatris Inc. (VTRS) had a return on equity (ROE) of -4.2% over the trailing twelve months. A negative ROE means the company lost money over the period.

What is Viatris Inc.'s free cash flow?

Viatris Inc. (VTRS) generated $2.04B in free cash flow over the trailing twelve months.

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

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

See returns →