Viatris Inc. (VTRS) Financial Ratios
23 years of historical data (2003–2025) · Healthcare · Drug Manufacturers - Specialty & Generic
EV/EBITDA
↑
231.16
↑+380% vs avg
5yr avg: 48.12
30Y Low6.9·High18.2
P/FCF
↑
9.24
↑+42% vs avg
5yr avg: 6.52
30Y Low5.4·High63.3
P/B Ratio
↑
1.22
↑+58% vs avg
5yr avg: 0.77
30Y Low0.5·High7.0
ROE
↓
-21.1%
↑-430% vs avg
5yr avg: -4.0%
30Y Low-72%·High30%
Debt/EBITDA
↑
108.74
↑+324% vs avg
5yr avg: 25.67
30Y Low0.0·High13.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
VTRS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Viatris Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 9.2x P/FCF, 42% above the 5-year average of 6.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $17.9B | $14.6B | $14.9B | $13.1B | $13.5B | $16.4B | $11.3B | $10.4B | $14.1B | $22.7B | $19.9B |
| Enterprise Value | $31.3B | $27.9B | $28.4B | $30.5B | $31.8B | $39.0B | $36.6B | $22.8B | $27.5B | $37.1B | $34.3B |
| P/E Ratio → | -5.12 | — | — | 239.07 | 6.51 | — | — | 670.00 | 40.10 | 32.55 | 41.47 |
| P/S Ratio | 1.25 | 1.02 | 1.01 | 0.85 | 0.83 | 0.91 | 0.94 | 0.90 | 1.23 | 1.91 | 1.79 |
| P/B Ratio | 1.22 | 0.99 | 0.80 | 0.64 | 0.64 | 0.80 | 0.49 | 0.87 | 1.16 | 1.71 | 1.79 |
| P/FCF | 9.24 | 7.52 | 7.52 | 5.62 | 5.40 | 6.52 | 20.46 | 7.43 | 6.74 | 12.69 | 11.99 |
| P/OCF | 7.73 | 6.29 | 6.45 | 4.67 | 4.52 | 5.42 | 9.15 | 5.76 | 6.01 | 11.00 | 9.70 |
P/E links to full P/E history page with 30-year chart
VTRS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Viatris Inc.'s enterprise value stands at 231.2x EBITDA, 380% above its 5-year average of 48.1x. The Healthcare sector median is 14.2x, placing the stock at a 1526% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.95 | 1.93 | 1.97 | 1.96 | 2.18 | 3.06 | 1.99 | 2.41 | 3.11 | 3.10 |
| EV / EBITDA | 231.16 | 206.57 | 9.79 | 8.68 | 6.85 | 8.72 | 18.24 | 8.35 | 9.12 | 11.43 | 15.45 |
| EV / EBIT | — | — | — | 39.24 | 9.34 | — | — | 33.99 | 32.73 | 25.79 | 59.55 |
| EV / FCF | — | 14.42 | 14.38 | 13.10 | 12.68 | 15.56 | 66.44 | 16.33 | 13.17 | 20.73 | 20.72 |
VTRS Profitability
Margins and return-on-capital ratios measuring operating efficiency
Viatris Inc. earns an operating margin of -18.6%. Operating margins have compressed from 5.0% to -18.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -21.1% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.1% | 35.1% | 38.2% | 41.7% | 40.0% | 31.2% | 31.8% | 33.9% | 35.0% | 40.2% | 42.4% |
| Operating Margin | -18.6% | -18.6% | 0.1% | 5.0% | 9.9% | -0.2% | -1.8% | 6.2% | 7.9% | 12.1% | 6.3% |
| Net Profit Margin | -24.6% | -24.6% | -4.3% | 0.4% | 12.8% | -7.1% | -5.6% | 0.1% | 3.1% | 5.8% | 4.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -21.1% | -21.1% | -3.2% | 0.3% | 10.0% | -5.8% | -3.8% | 0.1% | 2.8% | 5.7% | 4.6% |
| ROA | -8.9% | -8.9% | -1.4% | 0.1% | 4.0% | -2.2% | -1.4% | 0.1% | 1.0% | 2.0% | 1.7% |
| ROIC | -6.6% | -6.6% | 0.0% | 1.5% | 2.9% | -0.1% | -0.4% | 2.1% | 2.5% | 4.0% | 2.5% |
| ROCE | -8.1% | -8.1% | 0.0% | 1.8% | 3.7% | -0.1% | -0.5% | 2.7% | 3.1% | 4.9% | 2.9% |
VTRS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Viatris Inc. carries a Debt/EBITDA ratio of 108.7x, which is highly leveraged (3282% above the sector average of 3.2x). Net debt stands at $13.4B ($14.7B total debt minus $1.3B cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.00 | 1.00 | 0.77 | 0.90 | 0.93 | 1.14 | 1.14 | 1.09 | 1.14 | 1.10 | 1.39 |
| Debt / EBITDA | 108.74 | 108.74 | 4.93 | 5.24 | 4.21 | 5.22 | 13.05 | 4.73 | 4.58 | 4.52 | 6.96 |
| Net Debt / Equity | — | 0.91 | 0.73 | 0.85 | 0.87 | 1.11 | 1.10 | 1.05 | 1.10 | 1.08 | 1.30 |
| Net Debt / EBITDA | 98.77 | 98.77 | 4.67 | 4.96 | 3.93 | 5.07 | 12.62 | 4.55 | 4.45 | 4.43 | 6.51 |
| Debt / FCF | — | 6.89 | 6.86 | 7.47 | 7.28 | 9.04 | 45.98 | 8.91 | 6.43 | 8.03 | 8.74 |
| Interest Coverage | -6.78 | -6.78 | -0.13 | 1.35 | 5.75 | -0.04 | -0.45 | 1.30 | 1.55 | 2.69 | 1.27 |
VTRS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.30x means Viatris Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.74x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 1.67x to 1.30x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.30 | 1.30 | 1.65 | 1.67 | 1.58 | 1.10 | 1.22 | 1.21 | 1.39 | 1.13 | 1.49 |
| Quick Ratio | 0.74 | 0.74 | 0.98 | 1.22 | 1.05 | 0.70 | 0.70 | 0.73 | 0.83 | 0.73 | 1.01 |
| Cash Ratio | 0.21 | 0.21 | 0.19 | 0.15 | 0.22 | 0.09 | 0.10 | 0.10 | 0.10 | 0.06 | 0.21 |
| Asset Turnover | — | 0.38 | 0.36 | 0.32 | 0.33 | 0.33 | 0.19 | 0.37 | 0.35 | 0.33 | 0.32 |
| Inventory Turnover | 2.32 | 2.32 | 2.37 | 2.59 | 2.77 | 3.09 | 1.49 | 2.85 | 2.88 | 2.80 | 2.60 |
| Days Sales Outstanding | — | 85.43 | 87.22 | 95.60 | 92.98 | 87.06 | 148.00 | 97.08 | 77.14 | 97.26 | 99.36 |
VTRS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Viatris Inc. returns 5.9% to shareholders annually — split between a 3.1% dividend yield and 2.8% buyback yield.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.1% | 3.9% | 3.9% | 4.4% | 4.3% | 2.4% | — | — | — | — | — |
| Payout Ratio | — | — | — | 1052.3% | 28.0% | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 0.4% | 15.4% | — | — | 0.1% | 2.5% | 3.1% | 2.4% |
| FCF Yield | 10.8% | 13.3% | 13.3% | 17.8% | 18.5% | 15.3% | 4.9% | 13.5% | 14.8% | 7.9% | 8.3% |
| Buyback Yield | 2.8% | 3.4% | 1.7% | 1.9% | 0.0% | 0.1% | 0.0% | 0.0% | 3.1% | 2.2% | 0.1% |
| Total Shareholder Yield | 5.9% | 7.3% | 5.6% | 6.3% | 4.3% | 2.5% | 0.0% | 0.0% | 3.1% | 2.2% | 0.1% |
| Shares Outstanding | — | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B | $601M | $517M | $517M | $537M | $521M |
Peer Comparison
Compare VTRS with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 VTRSYou | $18B | -5.1 | 231.2 | 9.2 | 35.1% | -18.6% | -21.1% | -6.6% | 108.7 |
 TEVA | $37B | 26.2 | 16.0 | 31.9 | 51.8% | 12.5% | 20.7% | 7.7% | 5.5 |
 AMRX | $5B | 73.7 | — | 18.9 | 36.9% | -0.2% | 15.7% | -0.2% | — |
 PRGO | $1B | -1.0 | 7.1 | 9.8 | 35.1% | 8.1% | -39.3% | 3.7% | 5.8 |
 PFE | $143B | 18.5 | 10.3 | 15.8 | 70.3% | 24.7% | 8.9% | 7.5% | 3.3 |
 MRK | $281B | 15.6 | 10.8 | 22.8 | 72.0% | 36.2% | 36.9% | 22.0% | 1.7 |
 ABBV | $383B | 91.4 | 15.8 | 21.5 | 70.2% | 32.8% | 6214.7% | 23.9% | 2.4 |
 LPTX | $65M | 11.0 | — | — | — | — | 5.1% | -43.0% | — |
 MCK | $90B | 19.6 | 13.2 | 15.8 | 3.6% | 1.6% | — | 254.1% | 1.2 |
 CAH | $52B | 34.4 | 18.8 | 28.2 | 3.7% | 1.0% | — | 3378.7% | 3.0 |
 CVS | $125B | 70.7 | 14.0 | 16.1 | 13.8% | 2.6% | 2.3% | 5.0% | 6.2 |
| Healthcare Median | — | 22.1 | 14.2 | 18.5 | 63.9% | -4.3% | -32.6% | -11.6% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 22 years · Updated daily
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VTRS — Frequently Asked Questions
Quick answers to the most common questions about buying VTRS stock.
What is Viatris Inc.'s P/E ratio?
Viatris Inc.'s current P/E ratio is -5.1x. The historical average is 28.9x.
What is Viatris Inc.'s EV/EBITDA?
Viatris Inc.'s current EV/EBITDA is 231.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.9x.
What is Viatris Inc.'s ROE?
Viatris Inc.'s return on equity (ROE) is -21.1%. The historical average is 3.2%.
Is VTRS stock overvalued?
Based on historical data, Viatris Inc. is trading at a P/E of -5.1x. Compare with industry peers and growth rates for a complete picture.
What is Viatris Inc.'s dividend yield?
Viatris Inc.'s current dividend yield is 3.12%.
What are Viatris Inc.'s profit margins?
Viatris Inc. has 35.1% gross margin and -18.6% operating margin.
How much debt does Viatris Inc. have?
Viatris Inc.'s Debt/EBITDA ratio is 108.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.