How does Viatris (VTRS) make money?

Viatris (VTRS) primarily makes money through Brands, which accounts for 64.4% of total revenue. For TTM through Q4 2025, Viatris generated $14.30B in total revenue with a net profit margin of -24.6%.

What is Viatris (VTRS) gross profit margin?

Viatris (VTRS) reported a gross profit margin of 35.1% for TTM through Q4 2025, equivalent to $5.01B in gross profit. This means Viatris retains 35.1% of each revenue unit after direct costs of production.

What is Viatris (VTRS) operating profit margin?

Viatris (VTRS) reported an operating profit margin of -18.6% for TTM through Q4 2025, equivalent to −$2.66B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Viatris (VTRS) net profit margin?

Viatris (VTRS) reported a net profit margin of -24.6% for TTM through Q4 2025, equivalent to −$3.51B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Viatris (VTRS) invest in R&D?

Viatris (VTRS) invested $965.90M in research and development in TTM through Q4 2025 (6.8% of total revenue). R&D spending reflects investment in future products, services, and technologies.

How much does Viatris (VTRS) spend on capital expenditures?

Viatris (VTRS) spent $495.50M on capital expenditures in TTM through Q4 2025 (3.5% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Viatris (VTRS) free cash flow?

Viatris (VTRS) generated $1.82B in free cash flow for TTM through Q4 2025 (12.7% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

How Viatris (VTRS) Makes Money: A Visual Guide

Viatris (VTRS) generated $14.30B in revenue but reported a net loss of $3.51B. Its largest revenue source is Brands (64.4% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Viatris (VTRS) Income Statement Flow — TTM through Q4 2025

Calculated from the four most recent reported quarters, ending December 31, 2025 (reported February 26, 2026).

Frequently asked questions

How does Viatris (VTRS) make money?: Viatris (VTRS) primarily makes money through Brands, which accounts for 64.4% of total revenue. For TTM through Q4 2025, Viatris generated $14.30B in total revenue with a net profit margin of -24.6%.
What is Viatris (VTRS) gross profit margin?: Viatris (VTRS) reported a gross profit margin of 35.1% for TTM through Q4 2025, equivalent to $5.01B in gross profit. This means Viatris retains 35.1% of each revenue unit after direct costs of production.
What is Viatris (VTRS) operating profit margin?: Viatris (VTRS) reported an operating profit margin of -18.6% for TTM through Q4 2025, equivalent to −$2.66B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Viatris (VTRS) net profit margin?: Viatris (VTRS) reported a net profit margin of -24.6% for TTM through Q4 2025, equivalent to −$3.51B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Viatris (VTRS) invest in R&D?: Viatris (VTRS) invested $965.90M in research and development in TTM through Q4 2025 (6.8% of total revenue). R&D spending reflects investment in future products, services, and technologies.
How much does Viatris (VTRS) spend on capital expenditures?: Viatris (VTRS) spent $495.50M on capital expenditures in TTM through Q4 2025 (3.5% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Viatris (VTRS) free cash flow?: Viatris (VTRS) generated $1.82B in free cash flow for TTM through Q4 2025 (12.7% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q4 2025.