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Viatris (VTRS) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NasdaqGS•Healthcare•Drug Manufacturers - Specialty & Generic
C
AverageMetricSide Score: 43/100
ProfitabilityProfit5/30
GrowthGrowth18/25
Balance SheetBalance11/25
Cash QualityCash9/20
Price & Volume
Market Cap $19.30B

Viatris Inc., together with its subsidiaries, operates as a healthcare company in North America, Europe, China, Taiwan, Hong Kong, Japan, Australia, New Zealand, rest of Asia, Africa, Latin America, and the Middle East. It operates in four segments: Developed Markets, Greater China, JANZ, and Emerging Markets. The company offers prescription brand drugs, generic drugs, complex generic drugs, and biosimilars. It also provides drugs in various therapeutic areas covering various noncommunicable and infectious diseases, including cardiovascular, CNS and anesthesia, dermatology, diabetes and metabolism, eye care, gastroenterology, immunology, oncology, and respiratory and allergy, as well as support services, such as diagnostic clinics, educational seminars, and digital tools to help patients better manage their health. In addition, the company offers medicines in the form of oral solid doses, injectables, and complex dosage forms to retail and pharmacy establishments, wholesalers and distributors, payers, insurers and governments, and institutions. It distributes its products through pharmaceutical wholesalers/distributors, pharmaceutical retailers, institutional pharmacies, mail-order and e-commerce pharmacies, and specialty pharmacies under the Lyrica, Lipitor, Celebrex, Viagra, Creon, Influvac, Wixela Inhub, EpiPen Auto-Injector, Fraxiparine, Yupelri, Norvasc, Amitiza, Effexor, Lipacreon, Zoloft, Xalabrands, Dymista, Xanax, and Breyna brands. The company has collaboration agreements with Mapi Pharma Ltd. to develop and commercialize long-acting glatiramer acetate depot products and additional products; Revance Therapeutics, Inc. to develop, manufacture, and commercialize a biosimilar to the branded biologic product, BOTOX; and Theravance Biopharma, Inc. to develop and commercialize revefenacin. Viatris Inc. was founded in 1961 and is headquartered in Canonsburg, Pennsylvania.

Moat Signals

Competitive analysis based on 26 quarters of fundamental data

Pricing Power

Weak Moat

Operating margins are under pressure, averaging -11.3%. The business may lack pricing power or face rising costs.'

Competitive Advantage

Weak Moat

ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.

Cash Generation

Moderate Moat

8 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.

Demand Durability

Weak Moat

Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.

Risk Signals

Data-driven red flags and warnings across 26 quarters

Some Concerns

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg -4.4x) — earnings may be inflated by non-cash items or aggressive accounting.

Leverage Risk

Healthy

D/E ratio is 0.8 — conservative capital structure with low financial risk.

Revenue Decline

Watch

Revenue has softened, declining in 4 quarters. Monitor for further erosion.

Cash Burn

Healthy

Free cash flow is consistently positive — the business self-funds without external capital reliance.

Share Dilution

Healthy

Shares decreased 3.0% — net buybacks are reducing shares outstanding and boosting per-share value.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$14.56B
1.6%
Q. Revenue
$3.52B
TTM EBITDA
$2.95B
1510.4%
TTM Op. Income
$139.40M
104.5%
Q. Op. Income
$-79.70M
TTM Net Income
$-296.50M
92.2%
Q. Net Income
$176.40M
EPS
$0.15
Shares Out.
$1.16B
3.1%
$14.56B in TTM revenue grew 1.6% YoY, reaching $3.52B last quarter. TTM EBITDA of $2.95B and TTM operating income of $139.40M shows growth is flowing through. However, net income is negative at $296.50M — growth is not yet reaching the bottom line. Revenue is growing modestly — monitor for acceleration or deceleration.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
32.9%
7.8%
EBITDA Margin
17.0%
Op. Margin
-2.3%
97.4%
Net Margin
5.0%
105.4%
Op. margin of -2.3% is up 86.3% YoY — cost efficiency is improving. Net margin at 5.0% and gross margin of 32.9% — earnings take a bigger bite when COGS stays lean..

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
N/A
P/S Ratio
1.3x
P/B Ratio
1.3x
P/S of 1.3x and P/B of 1.3x. A low P/S may indicate the stock is undervalued.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$36.83B
Cash
$1.80B
Long-Term Debt
$12.41B
Book Value
$14.66B
D/E Ratio
0.8
Debt/EBITDA
20.8
With $36.83B in assets and $12.41B in long-term debt, the D/E of 0.8and book value of $14.66B — shows a conservative capital structure — the company has a strong financial cushion to weather downturns.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$388.30M
Free Cash Flow
$348.40M
29.3%
FCF Margin
2.4%
FCF / Net Income
2.0
FCF of $348.40M on $388.30M in operating cash flow. The FCF / Net Income ratio of -1.2x shows cash consumption — the business is not yet self-funding.

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