Avantor (AVTR) Financials

$12.56 -0.92 (-6.79%)

Closing price 03:59 PM Eastern

Extended Trading

$12.70 +0.14 (+1.12%)

As of 07:33 PM Eastern

Annual Income Statements for Avantor

This table shows Avantor's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017
Net Income / (Loss) Attributable to Common Shareholders	712	321	662	508	52	-335	-356	-415
Consolidated Net Income / (Loss)	712	321	687	573	117	38	-87	-145
Net Income / (Loss) Continuing Operations	712	321	687	573	117	38	-87	-145
Total Pre-Tax Income	854	411	851	753	62	41	-114	-460
Total Operating Income	1,085	696	1,130	972	707	552	414	-210
Total Gross Profit	2,279	2,364	2,603	2,503	2,081	1,921	1,820	433
Total Revenue	6,784	6,967	7,512	7,386	6,394	6,040	5,864	1,247
Operating Revenue	6,784	6,967	7,512	7,386	6,394	6,040	5,864	1,247
Total Cost of Revenue	4,504	4,603	4,910	4,883	4,313	4,120	4,045	815
Operating Cost of Revenue	4,504	4,603	4,910	4,883	4,313	4,120	4,045	815
Total Operating Expenses	1,641	1,667	1,473	1,531	1,374	1,369	1,406	643
Selling, General & Admin Expense	1,641	1,507	1,473	1,531	1,374	1,369	1,406	450
Impairment Charge	0.00	161	0.00	0.00	-	-	-	-
Total Other Income / (Expense), net	216	-286	-279	-219	-645	-511	-527	-250
Interest Expense	230	292	278	230	654	514	524	257
Other Income / (Expense), net	445	5.80	-0.80	11	9.90	2.50	-3.50	7.50
Income Tax Expense	142	89	165	180	-54	2.80	-27	-315
Preferred Stock Dividends Declared	0.00	0.00	24	65	65	153	270	28
Basic Earnings per Share	$1.05	$0.48	$1.02	$0.86	$0.09	($0.84)	($2.69)	($2.75)
Weighted Average Basic Shares Outstanding	679.60M	675.60M	650.90M	590.50M	576.30M	401.20M	132.70M	151.10M
Diluted Earnings per Share	$1.04	$0.47	$1.01	$0.85	$0.09	($0.84)	($2.69)	($2.75)
Weighted Average Diluted Shares Outstanding	681.90M	678.40M	679.40M	599.60M	583.40M	401.20M	132.70M	151.10M
Weighted Average Basic & Diluted Shares Outstanding	680.90M	678.28M	674.44M	-	609.97M	401.20M	132.70M	151.10M

This table shows Avantor's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	65	500	58	93	60	99	108	-7.30	122	142	167
Consolidated Net Income / (Loss)	65	500	58	93	60	99	108	-7.30	122	142	167
Net Income / (Loss) Continuing Operations	65	500	58	93	60	99	108	-7.30	122	142	167
Total Pre-Tax Income	86	584	75	115	81	120	137	-1.30	156	175	208
Total Operating Income	147	638	125	176	146	183	210	72	231	252	276
Total Gross Profit	535	563	564	582	571	570	579	590	625	615	651
Total Revenue	1,581	1,687	1,714	1,703	1,680	1,723	1,720	1,744	1,780	1,795	1,857
Operating Revenue	1,581	1,687	1,714	1,703	1,680	1,723	1,720	1,744	1,780	1,795	1,857
Total Cost of Revenue	1,047	1,124	1,150	1,121	1,109	1,152	1,142	1,154	1,156	1,181	1,206
Operating Cost of Revenue	1,047	1,124	1,150	1,121	1,109	1,152	1,142	1,154	1,156	1,181	1,206
Total Operating Expenses	388	371	440	406	424	387	368	518	394	363	375
Selling, General & Admin Expense	388	371	440	406	424	387	368	358	394	363	375
Total Other Income / (Expense), net	-62	393	-50	-61	-66	-64	-74	-73	-75	-77	-68
Interest Expense	42	49	51	63	67	66	74	75	76	72	70
Other Income / (Expense), net	-20	442	0.70	1.60	1.10	2.50	0.70	2.00	0.60	-5.60	2.70
Income Tax Expense	21	84	17	22	20	21	28	6.00	34	33	41
Basic Earnings per Share	$0.09	$0.74	$0.08	$0.14	$0.09	$0.15	$0.16	($0.01)	$0.18	$0.20	$0.25
Weighted Average Basic Shares Outstanding	681.10M	679.60M	680.30M	679.40M	678.10M	675.60M	676M	675.30M	674.70M	650.90M	674.10M
Diluted Earnings per Share	$0.09	$0.73	$0.08	$0.14	$0.09	$0.14	$0.16	($0.01)	$0.18	$0.20	$0.25
Weighted Average Diluted Shares Outstanding	682.40M	681.90M	683M	682.60M	681.40M	678.40M	678.50M	675.30M	678.10M	679.40M	679.30M
Weighted Average Basic & Diluted Shares Outstanding	681.43M	680.90M	680.61M	679.84M	679.27M	678.28M	676.39M	675.92M	675.11M	674.44M	674.20M

This table details how cash moves in and out of Avantor's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017
Net Change in Cash & Equivalents	-23	-109	70	38	100	1.60	7.00	123
Net Cash From Operating Activities	841	870	844	954	930	354	201	-168
Net Cash From Continuing Operating Activities	841	870	844	954	930	354	201	-168
Net Income / (Loss) Continuing Operations	712	321	687	573	117	38	-87	-145
Consolidated Net Income / (Loss)	712	321	687	573	117	38	-87	-145
Depreciation Expense	406	402	406	379	395	399	405	99
Amortization Expense	11	13	16	16	23	34	41	12
Non-Cash Adjustments To Reconcile Net Income	-288	289	126	118	462	197	34	225
Changes in Operating Assets and Liabilities, net	0.80	-156	-390	-132	-68	-313	-193	-358
Net Cash From Investing Activities	439	-144	-110	-4,122	-59	-42	-23	-6,676
Net Cash From Continuing Investing Activities	439	-144	-110	-4,122	-59	-42	-23	-6,676
Purchase of Property, Plant & Equipment	-149	-146	-133	-111	-62	-52	-38	-25
Acquisitions	0.00	0.00	-20	-4,014	0.00	0.00	-	-6,661
Divestitures	585	0.00	0.00	-	-	-	-	-
Sale and/or Maturity of Investments	0.00	0.00	43	0.00	0.00	-	-	-
Other Investing Activities, net	2.50	2.70	1.50	3.50	2.50	9.50	15	9.90
Net Cash From Financing Activities	-1,281	-844	-649	3,219	-783	-308	-170	6,965
Net Cash From Continuing Financing Activities	-1,281	-844	-649	3,219	-783	-308	-170	6,965
Repayment of Debt	-1,342	-848	-948	-575	-4,677	-1,879	-186	-3,609
Repurchase of Preferred Equity	-8.60	-14	-13	-26	0.00	-2,631	0.00	0.00
Payment of Dividends	0.00	0.00	-32	-65	-65	-31	0.00	0.00
Issuance of Debt	0.00	0.00	327	2,835	3,939	1.30	36	9,250
Other Financing Activities, net	69	18	17	83	20	-3.90	-21	-1,725
Effect of Exchange Rate Changes	-22	8.20	-16	-13	12	-2.50	-	1.00

This table details how cash moves in and out of Avantor's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	54	-46	14	38	-29	27	-0.10	-58	-78	109	27
Net Cash From Operating Activities	109	173	245	281	142	252	231	168	220	206	258
Net Cash From Continuing Operating Activities	109	173	245	281	142	252	231	168	220	206	258
Net Income / (Loss) Continuing Operations	65	500	58	93	60	99	108	-7.30	122	142	167
Consolidated Net Income / (Loss)	65	500	58	93	60	99	108	-7.30	122	142	167
Depreciation Expense	100	101	102	103	100	101	98	103	101	101	101
Amortization Expense	2.20	2.60	2.80	2.80	3.00	3.10	3.20	3.30	3.40	3.60	3.60
Non-Cash Adjustments To Reconcile Net Income	46	-406	41	28	49	31	28	200	31	31	31
Changes in Operating Assets and Liabilities, net	-103	-25	41	55	-70	19	-6.70	-131	-37	-71	-44
Net Cash From Investing Activities	-29	559	-41	-45	-34	-50	-37	-29	-27	-33	4.10
Net Cash From Continuing Investing Activities	-29	559	-41	-45	-34	-50	-37	-29	-27	-33	4.10
Purchase of Property, Plant & Equipment	-28	-28	-41	-46	-35	-51	-38	-30	-28	-34	-39
Other Investing Activities, net	-0.90	0.80	0.30	0.90	0.50	0.60	0.70	0.70	0.70	0.50	0.60
Net Cash From Financing Activities	-34	-755	-199	-197	-130	-184	-188	-196	-275	-82	-219
Net Cash From Continuing Financing Activities	-34	-755	-199	-197	-130	-184	-188	-196	-275	-82	-219
Repayment of Debt	-31	-749	-210	-173	-210	-188	-198	-193	-270	-152	-259
Repurchase of Preferred Equity	-4.90	-	-	-0.80	-6.60	-	-	-5.20	-8.10	-	-
Issuance of Debt	0.00	-	-	-29	41	14	-14	-	0.00	82	35
Other Financing Activities, net	2.60	1.90	17	5.30	46	4.20	9.40	2.10	2.60	0.90	4.80
Effect of Exchange Rate Changes	7.00	-22	7.90	-1.60	-5.70	9.50	-5.40	-0.70	4.80	18	-16

This table presents Avantor's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Total Assets	12,115	12,973	13,464	13,897	9,907	9,773	9,912
Total Current Assets	2,147	2,385	2,658	2,477	2,231	2,022	1,900
Cash & Equivalents	262	263	373	302	287	187	185
Accounts Receivable	1,035	1,150	1,218	1,222	1,113	989	931
Inventories, net	732	828	914	872	740	711	671
Other Current Assets	119	144	153	81	91	135	113
Plant, Property, & Equipment, net	708	738	727	706	550	557	599
Total Noncurrent Assets	9,260	9,850	10,079	10,715	7,126	7,195	7,413
Goodwill	5,539	5,717	5,653	5,341	2,860	2,769	2,785
Intangible Assets	3,360	3,775	4,133	5,140	4,049	4,220	4,566
Other Noncurrent Operating Assets	360	358	294	233	217	205	63
Total Liabilities & Shareholders' Equity	12,115	12,973	13,464	13,897	9,907	9,773	9,912
Total Liabilities	6,158	7,720	8,609	9,700	7,232	7,311	9,104
Total Current Liabilities	2,008	1,480	1,659	1,451	1,243	1,075	1,096
Short-Term Debt	821	260	364	45	26	94	142
Accounts Payable	663	626	758	755	679	560	557
Current Employee Benefit Liabilities	168	133	122	200	179	114	145
Other Current Liabilities	307	411	364	401	314	232	175
Other Current Nonoperating Liabilities	49	50	50	50	45	74	77
Total Noncurrent Liabilities	4,150	6,240	6,950	8,249	5,990	6,237	8,008
Long-Term Debt	3,235	5,277	5,923	6,978	4,868	5,023	6,782
Noncurrent Deferred & Payable Income Tax Liabilities	557	613	731	913	724	785	908
Other Noncurrent Operating Liabilities	358	350	295	358	398	428	318
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	5,957	5,253	4,855	4,197	2,674	2,462	-3,052
Total Preferred & Common Equity	5,957	5,253	4,855	4,197	2,674	2,462	-3,052
Total Common Equity	5,957	5,253	4,855	4,197	2,674	2,462	-3,052
Common Stock	3,938	3,830	3,785	2,753	1,738	1,748	-2,747
Retained Earnings	2,203	1,492	1,170	484	-89	-204	-238
Accumulated Other Comprehensive Income / (Loss)	-184	-69	-100	-43	22	-86	-67

This table presents Avantor's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	12,326	12,841	12,694	12,763	12,798	13,063	13,396	13,113
Total Current Assets	2,282	2,505	2,329	2,321	2,385	2,499	2,627	2,560
Cash & Equivalents	316	285	273	235	237	236	295	266
Accounts Receivable	1,096	1,088	1,129	1,130	1,150	1,216	1,277	1,231
Inventories, net	750	780	796	811	850	890	904	905
Other Current Assets	120	136	132	146	147	156	152	158
Plant, Property, & Equipment, net	736	723	754	740	698	698	737	698
Total Noncurrent Assets	9,308	9,613	9,611	9,703	9,715	9,866	10,032	9,855
Goodwill	5,609	5,671	5,660	5,672	5,638	5,694	5,683	5,511
Intangible Assets	3,331	3,523	3,583	3,663	3,788	3,895	4,077	4,099
Other Noncurrent Operating Assets	368	420	368	368	289	277	273	245
Total Liabilities & Shareholders' Equity	12,326	12,841	12,694	12,763	12,798	13,063	13,396	13,113
Total Liabilities	6,228	7,287	7,259	7,427	7,699	8,052	8,401	8,522
Total Current Liabilities	2,034	1,630	1,465	1,442	1,488	1,550	1,670	1,552
Short-Term Debt	828	230	258	299	336	314	325	281
Accounts Payable	680	674	657	573	656	687	766	769
Current Employee Benefit Liabilities	141	183	146	133	120	124	125	120
Other Current Liabilities	347	402	353	396	337	376	415	344
Other Current Nonoperating Liabilities	39	142	50	41	40	49	39	39
Total Noncurrent Liabilities	4,194	5,658	5,794	5,985	6,211	6,502	6,732	6,970
Long-Term Debt	3,279	4,691	4,857	5,024	5,291	5,570	5,736	5,908
Noncurrent Deferred & Payable Income Tax Liabilities	550	547	575	601	649	663	696	728
Other Noncurrent Operating Liabilities	365	419	362	361	271	269	300	334
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	6,098	5,553	5,435	5,336	5,099	5,011	4,995	4,591
Total Preferred & Common Equity	6,098	5,553	5,435	5,336	5,099	5,011	4,995	4,591
Total Common Equity	6,098	5,553	5,435	5,336	5,099	5,011	4,995	4,591
Common Stock	3,948	3,925	3,898	3,881	3,818	3,799	3,792	3,775
Retained Earnings	2,268	1,703	1,645	1,552	1,393	1,285	1,292	1,029
Accumulated Other Comprehensive Income / (Loss)	-118	-74	-107	-97	-111	-72	-90	-212

This table displays calculated financial ratios and metrics derived from Avantor's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	-2.64%	-7.26%	1.71%	15.52%	5.85%	3.00%	370.12%	0.00%
EBITDA Growth	74.22%	-27.93%	12.50%	21.38%	15.08%	15.27%	1,030.43%	0.00%
EBIT Growth	117.92%	-37.83%	14.92%	37.13%	29.30%	35.20%	302.07%	0.00%
NOPAT Growth	65.93%	-40.25%	23.31%	-44.11%	157.49%	77.49%	296.53%	0.00%
Net Income Growth	121.58%	-53.23%	19.89%	391.08%	208.47%	143.50%	40.19%	0.00%
EPS Growth	121.28%	-53.47%	18.82%	844.44%	110.71%	68.77%	2.18%	0.00%
Operating Cash Flow Growth	-3.36%	3.13%	-11.54%	2.56%	162.66%	76.56%	219.70%	0.00%
Free Cash Flow Firm Growth	113.31%	-25.65%	43.38%	133.92%	-424.42%	109.16%	0.00%	0.00%
Invested Capital Growth	-7.35%	-2.25%	-1.35%	0.00%	46.91%	-2.07%	0.00%	0.00%
Revenue Q/Q Growth	-0.53%	-1.03%	-1.48%	1.61%	4.36%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	84.93%	-5.18%	2.44%	0.31%	4.94%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	140.64%	-7.92%	3.81%	0.19%	7.73%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	80.36%	-8.96%	6.65%	-7.36%	27.67%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	129.81%	-11.86%	7.47%	8.00%	-14.01%	0.00%	0.00%	0.00%
EPS Q/Q Growth	131.11%	-11.32%	8.60%	7.59%	-88.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-8.52%	5.58%	-10.16%	-0.52%	30.81%	5.08%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	83.69%	26.58%	175.43%	514.62%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	-3.11%	0.46%	2.53%	32.27%	49.92%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	33.60%	33.93%	34.65%	33.88%	32.54%	31.80%	31.03%	34.70%
EBITDA Margin	28.70%	16.04%	20.64%	18.66%	17.76%	16.34%	14.60%	-7.38%
Operating Margin	15.99%	10.00%	15.04%	13.16%	11.05%	9.14%	7.05%	-16.87%
EBIT Margin	22.56%	10.08%	15.03%	13.31%	11.21%	9.18%	6.99%	-16.27%
Profit (Net Income) Margin	10.49%	4.61%	9.14%	7.75%	1.82%	0.63%	-1.48%	-11.65%
Tax Burden Percent	83.32%	78.22%	80.66%	76.04%	187.16%	93.10%	76.36%	31.57%
Interest Burden Percent	55.80%	58.46%	75.36%	76.62%	8.69%	7.32%	-27.76%	226.81%
Effective Tax Rate	16.68%	21.78%	19.34%	23.96%	-87.16%	6.90%	0.00%	0.00%
Return on Invested Capital (ROIC)	8.87%	5.09%	8.37%	6.74%	14.35%	6.81%	7.59%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	4.67%	1.13%	4.83%	4.28%	-6.14%	-1.24%	-3.45%	0.00%
Return on Net Nonoperating Assets (RNNOA)	3.82%	1.26%	6.80%	6.90%	-10.85%	-4.50%	-29.11%	0.00%
Return on Equity (ROE)	12.69%	6.35%	15.17%	13.64%	3.50%	2.31%	-21.52%	0.00%
Cash Return on Invested Capital (CROIC)	16.50%	7.37%	9.73%	6.74%	-23.64%	8.90%	-192.41%	0.00%
Operating Return on Assets (OROA)	12.20%	5.31%	8.26%	7.07%	6.06%	5.63%	4.14%	0.00%
Return on Assets (ROA)	5.67%	2.43%	5.02%	4.12%	0.99%	0.38%	-0.88%	0.00%
Return on Common Equity (ROCE)	12.69%	6.35%	15.17%	13.64%	3.50%	-0.42%	81.32%	0.00%
Return on Equity Simple (ROE_SIMPLE)	11.94%	6.11%	14.14%	13.64%	2.78%	1.54%	2.85%	0.00%
Net Operating Profit after Tax (NOPAT)	904	545	912	739	1,323	514	289	-147
NOPAT Margin	13.32%	7.82%	12.13%	10.01%	20.69%	8.51%	4.94%	-11.81%
Net Nonoperating Expense Percent (NNEP)	4.20%	3.96%	3.54%	2.46%	20.49%	8.05%	11.04%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	9.03%	5.05%	8.18%	-	-	-	-	-
Cost of Revenue to Revenue	66.40%	66.07%	65.35%	66.12%	67.46%	68.20%	68.97%	65.30%
SG&A Expenses to Revenue	24.19%	21.62%	19.60%	20.72%	21.49%	22.66%	23.98%	36.05%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	24.19%	23.93%	19.60%	20.72%	21.49%	22.66%	23.98%	51.56%
Earnings before Interest and Taxes (EBIT)	1,530	702	1,129	983	717	554	410	-203
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,947	1,118	1,551	1,378	1,136	987	856	-92
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.41	2.94	2.93	6.12	3.88	4.21	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.11	2.22	1.89	3.48	2.55	1.72	0.49	2.32
Price to Earnings (P/E)	20.16	48.09	21.47	50.56	313.08	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.96%	2.08%	4.66%	1.98%	0.32%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.85	1.96	1.86	2.95	2.10	2.05	1.77	0.00
Enterprise Value to Revenue (EV/Rev)	2.67	2.97	2.68	4.39	3.60	2.53	2.30	0.00
Enterprise Value to EBITDA (EV/EBITDA)	9.31	18.54	12.98	23.51	20.26	15.51	15.77	0.00
Enterprise Value to EBIT (EV/EBIT)	11.85	29.50	17.83	32.97	32.09	27.61	32.92	0.00
Enterprise Value to NOPAT (EV/NOPAT)	20.06	38.03	22.09	43.83	17.39	29.79	46.63	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	21.57	23.81	23.87	33.98	24.74	43.24	67.32	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	10.79	26.28	18.99	43.83	0.00	22.79	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.68	1.05	1.29	1.67	1.67	2.08	8.57	0.00
Long-Term Debt to Equity	0.54	1.00	1.22	1.66	1.66	2.04	8.40	0.00
Financial Leverage	0.82	1.12	1.41	1.61	1.77	3.62	8.44	0.00
Leverage Ratio	2.24	2.62	3.02	3.31	3.55	6.02	12.27	0.00
Compound Leverage Factor	1.25	1.53	2.28	2.54	0.31	0.44	-3.41	0.00
Debt to Total Capital	40.51%	51.32%	56.43%	62.59%	62.59%	67.51%	89.56%	0.00%
Short-Term Debt to Total Capital	8.20%	2.41%	3.27%	0.40%	0.40%	1.23%	1.84%	0.00%
Long-Term Debt to Total Capital	32.31%	48.91%	53.16%	62.19%	62.19%	66.28%	87.71%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	49.91%	0.00%
Common Equity to Total Capital	59.49%	48.68%	43.57%	37.41%	37.41%	32.49%	-39.47%	0.00%
Debt to EBITDA	2.08	4.95	4.05	5.10	6.19	5.19	8.09	0.00
Net Debt to EBITDA	1.95	4.72	3.81	4.88	5.92	5.00	7.87	0.00
Long-Term Debt to EBITDA	1.66	4.72	3.82	5.06	6.15	5.09	7.92	0.00
Debt to NOPAT	4.49	10.16	6.90	9.50	5.31	9.96	23.92	0.00
Net Debt to NOPAT	4.20	9.68	6.49	9.09	5.08	9.60	23.29	0.00
Long-Term Debt to NOPAT	3.58	9.69	6.50	9.44	5.28	9.78	23.43	0.00
Altman Z-Score	2.64	2.16	2.04	2.49	1.77	1.74	0.98	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	118.03%	477.87%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	1.07	1.61	1.60	1.71	1.71	1.88	1.73	0.00
Quick Ratio	0.65	0.95	0.96	1.05	1.05	1.09	1.02	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,681	788	1,060	739	-2,179	672	-7,335	0.00
Operating Cash Flow to CapEx	565.05%	594.26%	632.38%	858.33%	1,509.42%	686.05%	531.83%	-664.68%
Free Cash Flow to Firm to Interest Expense	7.32	2.70	3.81	3.22	-3.33	1.31	-14.00	0.00
Operating Cash Flow to Interest Expense	3.66	2.98	3.03	4.15	1.42	0.69	0.38	-0.65
Operating Cash Flow Less CapEx to Interest Expense	3.01	2.48	2.55	3.67	1.33	0.59	0.31	-0.75
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.54	0.53	0.55	0.53	0.54	0.61	0.59	0.00
Accounts Receivable Turnover	6.21	5.88	6.16	6.04	5.78	6.29	6.30	0.00
Inventory Turnover	5.78	5.29	5.50	5.60	5.45	5.96	6.03	0.00
Fixed Asset Turnover	9.39	9.51	10.49	10.47	10.13	10.45	9.80	0.00
Accounts Payable Turnover	6.99	6.65	6.49	6.47	6.56	7.37	7.26	0.00
Days Sales Outstanding (DSO)	58.78	62.04	59.29	60.39	63.11	58.01	57.96	0.00
Days Inventory Outstanding (DIO)	63.19	69.05	66.37	65.18	66.99	61.24	60.56	0.00
Days Payable Outstanding (DPO)	52.21	54.87	56.25	56.44	55.65	49.51	50.30	0.00
Cash Conversion Cycle (CCC)	69.75	76.22	69.41	69.13	74.44	69.74	68.22	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	9,799	10,577	10,820	10,968	10,968	7,466	7,624	0.00
Invested Capital Turnover	0.67	0.65	0.69	0.67	0.69	0.80	1.54	0.00
Increase / (Decrease) in Invested Capital	-777	-243	-148	0.00	3,502	-158	7,624	0.00
Enterprise Value (EV)	18,134	20,716	20,134	32,404	23,002	15,307	13,497	0.00
Market Capitalization	14,341	15,442	14,219	25,682	16,280	10,377	2,898	2,898
Book Value per Share	$8.75	$7.77	$7.20	$6.89	$7.26	$4.31	($23.00)	$0.00
Tangible Book Value per Share	($4.32)	($6.27)	($7.31)	($10.31)	($10.87)	($7.92)	($78.39)	$0.00
Total Capital	10,013	10,789	11,143	11,220	11,220	7,579	7,732	0.00
Total Debt	4,056	5,537	6,288	7,023	7,023	5,117	6,925	0.00
Total Long-Term Debt	3,235	5,277	5,923	6,978	6,978	5,023	6,782	0.00
Net Debt	3,794	5,274	5,915	6,722	6,722	4,930	6,740	0.00
Capital Expenditures (CapEx)	149	146	133	111	62	52	38	25
Debt-free, Cash-free Net Working Capital (DFCFNWC)	698	902	990	770	770	854	761	0.00
Debt-free Net Working Capital (DFNWC)	960	1,165	1,363	1,072	1,072	1,041	946	0.00
Net Working Capital (NWC)	139	905	999	1,026	1,026	947	803	0.00
Net Nonoperating Expense (NNE)	192	224	225	167	1,206	476	376	-1.98
Net Nonoperating Obligations (NNO)	3,843	5,324	5,965	6,771	6,771	5,004	6,817	0.00
Total Depreciation and Amortization (D&A)	417	415	421	396	419	432	446	111
Debt-free, Cash-free Net Working Capital to Revenue	10.29%	12.94%	13.18%	10.42%	12.04%	14.14%	12.98%	0.00%
Debt-free Net Working Capital to Revenue	14.15%	16.71%	18.15%	14.51%	16.76%	17.23%	16.13%	0.00%
Net Working Capital to Revenue	2.05%	12.98%	13.30%	13.90%	16.05%	15.68%	13.70%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.05	$0.48	$1.02	$0.00	$0.00	($0.84)	($2.69)	($2.75)
Adjusted Weighted Average Basic Shares Outstanding	679.60M	675.60M	650.90M	0.00	0.00	572.91M	132.70M	151.10M
Adjusted Diluted Earnings per Share	$1.04	$0.47	$1.01	$0.00	$0.00	($0.84)	($2.69)	($2.75)
Adjusted Weighted Average Diluted Shares Outstanding	681.90M	678.40M	679.40M	0.00	0.00	572.91M	132.70M	151.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	($0.84)	($2.69)	($2.75)
Adjusted Weighted Average Basic & Diluted Shares Outstanding	680.90M	678.28M	674.44M	0.00	0.00	401.20M	132.70M	151.10M
Normalized Net Operating Profit after Tax (NOPAT)	904	671	912	739	495	514	289	-147
Normalized NOPAT Margin	13.32%	9.62%	12.13%	10.01%	7.74%	8.51%	4.94%	-11.81%
Pre Tax Income Margin	12.59%	5.89%	11.33%	10.19%	0.97%	0.67%	-1.94%	-36.89%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.66	2.41	4.06	4.28	1.10	1.08	0.78	-0.79
NOPAT to Interest Expense	3.94	1.87	3.28	3.22	2.02	1.00	0.55	-0.57
EBIT Less CapEx to Interest Expense	6.01	1.91	3.58	3.79	1.00	0.98	0.71	-0.89
NOPAT Less CapEx to Interest Expense	3.29	1.37	2.80	2.73	1.93	0.90	0.48	-0.67
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	4.72%	11.28%	55.40%	82.80%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	4.72%	11.28%	55.40%	82.80%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Avantor's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.86%	-2.10%	-0.34%	-2.36%	-5.65%	-4.02%	-7.34%	-8.72%	-8.72%	-5.90%	1.21%
EBITDA Growth	-8.08%	308.84%	-26.15%	57.46%	-25.66%	-17.40%	-18.45%	-53.96%	-21.30%	11.80%	11.02%
EBIT Growth	-13.23%	481.32%	-40.59%	140.71%	-36.41%	-24.53%	-24.27%	-75.13%	-24.84%	20.21%	15.75%
NOPAT Growth	1.19%	261.75%	-42.09%	183.94%	-39.19%	-26.02%	-24.51%	-79.50%	-25.42%	42.14%	10.88%
Net Income Growth	6.79%	408.02%	-46.68%	1,372.60%	-50.29%	-30.49%	-35.09%	-103.90%	-36.19%	50.74%	6.51%
EPS Growth	0.00%	421.43%	-50.00%	1,500.00%	-50.00%	-30.00%	-36.00%	-103.57%	-35.71%	66.67%	4.17%
Operating Cash Flow Growth	-22.81%	-31.12%	6.11%	67.12%	-35.49%	22.37%	-10.69%	-26.07%	44.22%	-31.69%	-1.37%
Free Cash Flow Firm Growth	45.47%	235.59%	167.10%	223.90%	25.60%	11.87%	109.38%	107.64%	110.30%	145.42%	-162.45%
Invested Capital Growth	-5.13%	-7.35%	-3.93%	-3.56%	-3.11%	-2.25%	-0.23%	-1.03%	-1.59%	-1.35%	27.25%
Revenue Q/Q Growth	-6.24%	-1.62%	0.68%	1.37%	-2.50%	0.15%	-1.36%	-2.04%	-0.82%	-3.31%	-2.83%
EBITDA Q/Q Growth	-80.58%	413.49%	-18.49%	13.12%	-13.64%	-7.24%	73.78%	-46.60%	-4.05%	-8.41%	-1.90%
EBIT Q/Q Growth	-88.16%	762.01%	-29.37%	20.35%	-20.67%	-11.90%	186.16%	-68.21%	-5.85%	-11.60%	-6.01%
NOPAT Q/Q Growth	-79.70%	465.40%	-32.17%	29.99%	-27.44%	-9.49%	232.59%	-72.16%	-11.72%	-7.63%	-9.67%
Net Income Q/Q Growth	-87.11%	765.74%	-37.78%	53.81%	-38.68%	-9.13%	1,584.93%	-106.01%	-14.26%	-15.15%	-10.89%
EPS Q/Q Growth	-87.67%	812.50%	-42.86%	55.56%	-35.71%	-12.50%	1,700.00%	-105.56%	-10.00%	-20.00%	-10.71%
Operating Cash Flow Q/Q Growth	-36.93%	-29.21%	-12.91%	98.52%	-43.72%	9.06%	37.16%	-23.37%	6.76%	-20.40%	13.54%
Free Cash Flow Firm Q/Q Growth	-51.09%	159.19%	-2.47%	17.65%	12.84%	106.29%	18.27%	-54.38%	0.50%	117.30%	3.67%
Invested Capital Q/Q Growth	1.32%	-3.11%	-2.06%	-1.32%	-1.05%	0.46%	-1.68%	-0.85%	-0.18%	2.53%	-2.47%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	33.82%	33.37%	32.92%	34.15%	33.96%	33.11%	33.64%	33.83%	35.10%	34.23%	35.05%
EBITDA Margin	14.53%	70.18%	13.44%	16.61%	14.88%	16.80%	18.14%	10.30%	18.89%	19.53%	20.61%
Operating Margin	9.32%	37.83%	7.27%	10.32%	8.71%	10.64%	12.22%	4.11%	12.99%	14.03%	14.86%
EBIT Margin	8.09%	64.04%	7.31%	10.42%	8.77%	10.78%	12.26%	4.23%	13.02%	13.72%	15.00%
Profit (Net Income) Margin	4.08%	29.67%	3.37%	5.46%	3.60%	5.72%	6.30%	-0.42%	6.82%	7.89%	9.00%
Tax Burden Percent	75.26%	85.66%	77.58%	81.06%	74.94%	82.43%	79.41%	561.54%	77.98%	81.11%	80.17%
Interest Burden Percent	67.01%	54.09%	59.46%	64.60%	54.68%	64.32%	64.72%	-1.76%	67.21%	70.96%	74.79%
Effective Tax Rate	24.74%	14.34%	22.42%	18.94%	25.06%	17.57%	20.59%	0.00%	22.02%	18.89%	19.83%
Return on Invested Capital (ROIC)	4.60%	21.58%	3.73%	5.43%	4.21%	5.71%	6.48%	1.92%	6.83%	7.85%	9.64%
ROIC Less NNEP Spread (ROIC-NNEP)	3.56%	20.57%	2.95%	4.49%	3.31%	4.78%	5.45%	0.96%	5.88%	6.86%	8.57%
Return on Net Nonoperating Assets (RNNOA)	2.79%	16.82%	2.76%	4.56%	3.51%	5.34%	6.41%	1.23%	7.81%	9.66%	10.00%
Return on Equity (ROE)	7.39%	38.40%	6.49%	9.99%	7.72%	11.05%	12.89%	3.14%	14.64%	17.50%	19.64%
Cash Return on Invested Capital (CROIC)	14.13%	16.50%	8.87%	9.06%	7.61%	7.37%	5.91%	7.11%	9.42%	9.73%	-14.91%
Operating Return on Assets (OROA)	4.31%	34.63%	3.89%	5.52%	4.61%	5.68%	6.66%	2.29%	7.02%	7.53%	9.04%
Return on Assets (ROA)	2.17%	16.05%	1.79%	2.89%	1.89%	3.01%	3.42%	-0.23%	3.68%	4.33%	5.42%
Return on Common Equity (ROCE)	7.39%	38.40%	6.49%	9.99%	7.72%	11.05%	12.89%	3.14%	14.64%	17.50%	19.64%
Return on Equity Simple (ROE_SIMPLE)	11.73%	0.00%	5.58%	6.63%	4.87%	0.00%	7.14%	8.44%	12.37%	0.00%	13.91%
Net Operating Profit after Tax (NOPAT)	111	547	97	143	110	151	167	50	180	204	221
NOPAT Margin	7.02%	32.41%	5.64%	8.37%	6.53%	8.77%	9.70%	2.88%	10.13%	11.38%	11.91%
Net Nonoperating Expense Percent (NNEP)	1.04%	1.01%	0.78%	0.94%	0.90%	0.93%	1.03%	0.95%	0.95%	0.98%	1.07%
Return On Investment Capital (ROIC_SIMPLE)	1.09%	5.46%	-	-	-	1.40%	-	-	-	1.83%	-
Cost of Revenue to Revenue	66.18%	66.63%	67.08%	65.85%	66.04%	66.89%	66.36%	66.17%	64.90%	65.77%	64.95%
SG&A Expenses to Revenue	24.50%	22.02%	25.65%	23.83%	25.25%	22.47%	21.42%	20.50%	22.11%	20.21%	20.19%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	24.50%	22.02%	25.65%	23.83%	25.25%	22.47%	21.42%	29.72%	22.11%	20.21%	20.19%
Earnings before Interest and Taxes (EBIT)	128	1,080	125	177	147	186	211	74	232	246	279
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	230	1,184	231	283	250	290	312	180	336	351	383
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.81	2.41	3.17	2.65	3.24	2.94	2.79	2.77	2.85	2.93	2.88
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.65	2.11	2.58	2.11	2.52	2.22	2.02	1.93	1.94	1.89	1.73
Price to Earnings (P/E)	15.42	20.16	56.81	39.98	66.52	48.09	39.11	32.79	23.39	21.47	22.08
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	6.48%	4.96%	1.76%	2.50%	1.50%	2.08%	2.56%	3.05%	4.27%	4.66%	4.53%
Enterprise Value to Invested Capital (EV/IC)	1.49	1.85	2.20	1.86	2.14	1.96	1.87	1.82	1.85	1.86	1.81
Enterprise Value to Revenue (EV/Rev)	2.22	2.67	3.26	2.82	3.26	2.97	2.79	2.72	2.73	2.68	2.51
Enterprise Value to EBITDA (EV/EBITDA)	7.70	9.31	21.11	16.96	21.71	18.54	16.66	15.62	13.72	12.98	12.64
Enterprise Value to EBIT (EV/EBIT)	9.82	11.85	34.95	26.67	36.23	29.50	25.75	23.51	19.02	17.83	17.59
Enterprise Value to NOPAT (EV/NOPAT)	16.39	20.06	44.34	33.68	47.21	38.03	32.82	29.86	23.53	22.09	22.38
Enterprise Value to Operating Cash Flow (EV/OCF)	18.34	21.57	24.18	21.26	28.26	23.81	23.83	22.92	21.98	23.87	20.38
Enterprise Value to Free Cash Flow (EV/FCFF)	10.29	10.79	24.28	20.20	27.64	26.28	31.54	25.51	19.53	18.99	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.67	0.68	0.89	0.94	1.00	1.05	1.10	1.17	1.21	1.29	1.35
Long-Term Debt to Equity	0.54	0.54	0.84	0.89	0.94	1.00	1.04	1.11	1.15	1.22	1.29
Financial Leverage	0.78	0.82	0.94	1.01	1.06	1.12	1.18	1.27	1.33	1.41	1.17
Leverage Ratio	2.19	2.24	2.41	2.47	2.53	2.62	2.67	2.79	2.91	3.02	2.91
Compound Leverage Factor	1.47	1.21	1.43	1.59	1.38	1.68	1.73	-0.05	1.96	2.14	2.18
Debt to Total Capital	40.24%	40.51%	46.98%	48.48%	49.94%	51.32%	52.46%	54.01%	54.82%	56.43%	57.41%
Short-Term Debt to Total Capital	8.11%	8.20%	2.19%	2.45%	2.81%	2.41%	3.13%	2.88%	2.94%	3.27%	2.60%
Long-Term Debt to Total Capital	32.13%	32.31%	44.79%	46.03%	47.13%	48.91%	49.33%	51.12%	51.88%	53.16%	54.80%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	59.76%	59.49%	53.02%	51.52%	50.06%	48.68%	47.54%	45.99%	45.18%	43.57%	42.59%
Debt to EBITDA	2.13	2.08	4.67	4.51	5.16	4.95	4.77	4.71	4.15	4.05	4.09
Net Debt to EBITDA	1.97	1.95	4.40	4.27	4.93	4.72	4.57	4.52	3.95	3.81	3.91
Long-Term Debt to EBITDA	1.70	1.66	4.46	4.28	4.87	4.72	4.49	4.46	3.93	3.82	3.90
Debt to NOPAT	4.54	4.49	9.82	8.95	11.23	10.16	9.40	9.01	7.12	6.90	7.24
Net Debt to NOPAT	4.19	4.20	9.25	8.48	10.73	9.68	9.01	8.64	6.78	6.49	6.93
Long-Term Debt to NOPAT	3.62	3.58	9.36	8.50	10.60	9.69	8.84	8.52	6.74	6.50	6.91
Altman Z-Score	1.92	2.52	2.28	2.04	2.23	2.03	1.95	1.83	1.84	1.82	1.78
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.12	1.07	1.54	1.59	1.61	1.61	1.60	1.61	1.57	1.60	1.65
Quick Ratio	0.69	0.65	0.84	0.96	0.95	0.95	0.93	0.94	0.94	0.96	0.96
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	648	1,324	511	524	445	394	191	162	354	353	-2,039
Operating Cash Flow to CapEx	390.36%	630.18%	600.00%	613.76%	408.07%	497.23%	611.94%	558.80%	783.93%	611.90%	662.31%
Free Cash Flow to Firm to Interest Expense	15.34	26.85	10.05	8.34	6.66	5.95	2.57	2.16	4.66	4.93	-29.04
Operating Cash Flow to Interest Expense	2.59	3.52	4.82	4.48	2.12	3.79	3.10	2.24	2.89	2.88	3.68
Operating Cash Flow Less CapEx to Interest Expense	1.93	2.96	4.02	3.75	1.60	3.03	2.59	1.84	2.52	2.41	3.12
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.53	0.54	0.53	0.53	0.53	0.53	0.54	0.54	0.54	0.55	0.60
Accounts Receivable Turnover	6.01	6.21	6.09	5.82	5.71	5.88	5.91	5.77	5.60	6.16	6.31
Inventory Turnover	5.69	5.78	5.56	5.37	5.32	5.29	5.28	5.18	5.34	5.50	5.71
Fixed Asset Turnover	9.06	9.39	9.60	9.40	9.30	9.51	10.08	10.28	10.22	10.49	11.04
Accounts Payable Turnover	7.09	6.99	6.82	6.73	6.81	6.65	6.50	6.32	6.07	6.49	6.80
Days Sales Outstanding (DSO)	60.77	58.78	59.89	62.70	63.97	62.04	61.75	63.22	65.19	59.29	57.83
Days Inventory Outstanding (DIO)	64.13	63.19	65.62	68.00	68.66	69.05	69.17	70.46	68.37	66.37	63.98
Days Payable Outstanding (DPO)	51.51	52.21	53.52	54.21	53.63	54.87	56.14	57.72	60.16	56.25	53.69
Cash Conversion Cycle (CCC)	73.39	69.75	71.99	76.49	79.01	76.22	74.77	75.95	73.40	69.41	68.12
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	9,929	9,799	10,114	10,327	10,465	10,577	10,528	10,709	10,801	10,820	10,553
Invested Capital Turnover	0.66	0.67	0.66	0.65	0.65	0.65	0.67	0.67	0.67	0.69	0.81
Increase / (Decrease) in Invested Capital	-537	-777	-414	-381	-336	-243	-24	-112	-174	-148	2,260
Enterprise Value (EV)	14,828	18,134	22,223	19,243	22,383	20,716	19,638	19,515	20,024	20,134	19,134
Market Capitalization	11,037	14,341	17,587	14,400	17,295	15,442	14,248	13,867	14,258	14,219	13,211
Book Value per Share	$8.96	$8.75	$8.17	$8.00	$7.87	$7.77	$7.54	$7.42	$7.41	$7.20	$6.81
Tangible Book Value per Share	($4.17)	($4.32)	($5.35)	($5.61)	($5.90)	($6.27)	($6.40)	($6.78)	($7.07)	($7.31)	($7.45)
Total Capital	10,205	10,013	10,474	10,550	10,659	10,789	10,726	10,896	11,056	11,143	10,780
Total Debt	4,107	4,056	4,921	5,115	5,323	5,537	5,626	5,884	6,061	6,288	6,188
Total Long-Term Debt	3,279	3,235	4,691	4,857	5,024	5,277	5,291	5,570	5,736	5,923	5,908
Net Debt	3,791	3,794	4,636	4,842	5,088	5,274	5,389	5,648	5,767	5,915	5,923
Capital Expenditures (CapEx)	28	28	41	46	35	51	38	30	28	34	39
Debt-free, Cash-free Net Working Capital (DFCFNWC)	760	698	819	850	943	902	995	1,027	988	990	1,023
Debt-free Net Working Capital (DFNWC)	1,076	960	1,105	1,123	1,178	1,165	1,232	1,263	1,283	1,363	1,289
Net Working Capital (NWC)	248	139	875	865	879	905	897	949	958	999	1,008
Net Nonoperating Expense (NNE)	46	46	39	50	49	53	59	57	59	63	54
Net Nonoperating Obligations (NNO)	3,830	3,843	4,561	4,892	5,129	5,324	5,429	5,697	5,806	5,965	5,961
Total Depreciation and Amortization (D&A)	102	104	105	105	103	104	101	106	105	104	104
Debt-free, Cash-free Net Working Capital to Revenue	11.37%	10.29%	12.01%	12.46%	13.74%	12.94%	14.14%	14.31%	13.46%	13.18%	13.42%
Debt-free Net Working Capital to Revenue	16.09%	14.15%	16.20%	16.45%	17.16%	16.71%	17.51%	17.60%	17.47%	18.15%	16.90%
Net Working Capital to Revenue	3.71%	2.05%	12.83%	12.67%	12.80%	12.98%	12.74%	13.23%	13.05%	13.30%	13.22%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.09	$0.74	$0.08	$0.14	$0.09	$0.15	$0.16	($0.01)	$0.18	$0.20	$0.25
Adjusted Weighted Average Basic Shares Outstanding	681.10M	679.60M	680.30M	679.40M	678.10M	675.60M	676M	675.30M	674.70M	650.90M	674.10M
Adjusted Diluted Earnings per Share	$0.09	$0.73	$0.08	$0.14	$0.09	$0.14	$0.16	($0.01)	$0.18	$0.20	$0.25
Adjusted Weighted Average Diluted Shares Outstanding	682.40M	681.90M	683M	682.60M	681.40M	678.40M	678.50M	675.30M	678.10M	679.40M	679.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	681.43M	680.90M	680.61M	679.84M	679.27M	678.28M	676.39M	675.92M	675.11M	674.44M	674.20M
Normalized Net Operating Profit after Tax (NOPAT)	111	547	97	143	110	151	167	163	180	204	221
Normalized NOPAT Margin	7.02%	32.41%	5.64%	8.37%	6.53%	8.77%	9.70%	9.33%	10.13%	11.38%	11.91%
Pre Tax Income Margin	5.42%	34.64%	4.35%	6.73%	4.80%	6.94%	7.94%	-0.07%	8.75%	9.73%	11.22%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.03	21.91	2.47	2.82	2.21	2.80	2.83	0.98	3.05	3.44	3.97
NOPAT to Interest Expense	2.63	11.09	1.90	2.27	1.64	2.28	2.24	0.67	2.37	2.86	3.15
EBIT Less CapEx to Interest Expense	2.37	21.35	1.66	2.10	1.69	2.04	2.33	0.58	2.68	2.97	3.41
NOPAT Less CapEx to Interest Expense	1.97	10.53	1.10	1.54	1.12	1.52	1.74	0.27	2.00	2.39	2.59
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.72%	7.61%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.72%	7.61%

Frequently Asked Questions About Avantor's Financials

When does Avantor's fiscal year end?

According to the most recent income statement we have on file, Avantor's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Avantor's net income changed over the last 7 years?

Avantor's net income appears to be on an upward trend, with a most recent value of $711.50 million in 2024, falling from -$145.30 million in 2017. The previous period was $321.10 million in 2023. View Avantor's forecast to see where analysts expect Avantor to go next.

What is Avantor's operating income?

Avantor's total operating income in 2024 was $1.08 billion, based on the following breakdown:

Total Gross Profit: $2.28 billion
Total Operating Expenses: $1.64 billion

How has Avantor revenue changed over the last 7 years?

Over the last 7 years, Avantor's total revenue changed from $1.25 billion in 2017 to $6.78 billion in 2024, a change of 443.8%.

How much debt does Avantor have?

Avantor's total liabilities were at $6.16 billion at the end of 2024, a 20.2% decrease from 2023, and a 32.4% decrease since 2018.

How much cash does Avantor have?

In the past 6 years, Avantor's cash and equivalents has ranged from $184.70 million in 2018 to $372.90 million in 2022, and is currently $261.90 million as of their latest financial filing in 2024.

How has Avantor's book value per share changed over the last 7 years?

Over the last 7 years, Avantor's book value per share changed from 0.00 in 2017 to 8.75 in 2024, a change of 875.2%.

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This page (NYSE:AVTR) was last updated on 5/21/2025 by MarketBeat.com Staff

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Avantor (AVTR) Financials

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