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MARKETS / NYSE / AVTR
NYSE · LABORATORY ANALYTICAL INSTRUMENTS · LARGE CAP

Avantor, Inc. AVTR

9 fiscal years on record · USD · FY2025 reported · SEC filings only
$6.6B
▼ 3.4% YoY
$-530.2M
▼ 174.5% YoY
$495.0M
▼ 28.5% YoY
In brief

What this company does

Avantor distributes consumables and equipment to laboratories worldwide through its VWR channel business, and it manufactures proprietary products used in life sciences and medical technology applications. It serves customers in the biopharma and healthcare, education and government, and advanced technologies and applied materials end markets. It serves more than 300,000 customer locations in approximately 180 countries. The company reports financial results in two segments, Laboratory Solutions and Bioscience Production. Its products and services fall into three categories: materials and consumables, equipment and instrumentation, and services and specialty procurement. Its history began in 1904 with the founding of the J.T. Baker Chemical Company. In 2017, it acquired VWR, a global manufacturer and distributor of laboratory and production products and services that was founded in 1852. Avantor, Inc. was incorporated in Delaware in May 2017 in anticipation of the VWR acquisition.

Written from the business description in Avantor, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 11 February 2026. Every sentence was checked against that document before publication.

Growth
USD 6.6B
Revenue, FY2025 · full 9-year series below
Revenue $B Net income $B
FY2025 · Revenue 6.6 · Net income -0.5
4B201720182019202020212022202320242025
Compound annual growth
−4.5%
+0.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +0.5% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−8 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -3.8% · Net -8.1%
5%10%15%-5%-10%-15%201720182019202020212022202320242025
ROE
FY2025 · ROE -9.2%
5%10%15%-5%201720182019202020212022202320242025

Each USD of equity lost 9 cents this year.

Cash & shareholders
USD 70.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 495.0
400M800M-80M-160M201720182019202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 70.0
25.0M50.0M-25.0M-50.0M202320242025

USD 70.0M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 11.8B
EquityUSD 5.6B
CashUSD 365.4M
Gross debtUSD 3.9B
Net debtUSD 3.6B
Current ratio1.78×

Net debt stands at 64% of equity.

The 9-year record
9 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020201920182017
Revenue $B6.66.87.07.57.46.46.05.91.2
Operating income $B−0.21.10.71.11.00.70.60.4−0.2
EBITDA $B−0.11.20.81.21.10.80.60.5−0.2
Income tax $B0.10.10.10.20.2−0.10.0−0.0−0.3
Net income $B−0.50.70.30.70.60.10.0−0.1−0.1
Free cash flow $B0.50.70.70.70.80.90.30.2−0.2
EPS, diluted $−0.781.040.471.010.850.09−0.84−2.69−2.75
Dividend / sh $·········
Payout %·········
ROE %−9.212.76.415.216.74.5···
Shares out B0.680.680.680.670.610.580.570.13·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 43 reconciliationsAUDITED

Reconciled in 9 of 19 fiscal years. 52 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityLaboratory Analytical Instruments
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2017

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