Viatris Inc (VTRS)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	6,438,600	6,497,000	5,575,500	3,796,700	3,897,600
Revenue	US$ in thousands	15,426,900	16,262,700	17,886,300	11,946,000	11,500,500
Gross profit margin		41.74%	39.95%	31.17%	31.78%	33.89%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $6,438,600K ÷ $15,426,900K
= 41.74%

The gross profit margin of Viatris Inc has shown fluctuations over the past five years. In 2023, the gross profit margin improved to 41.74% from 39.95% in 2022, indicating an increase in the profitability of the company's core operations. This growth in gross profit margin suggests that Viatris Inc has been able to effectively manage its production and cost of goods sold, resulting in a higher percentage of revenue retained as gross profit.

Comparing to the previous years, the gross profit margin had experienced a significant increase from 31.17% in 2021 to 41.74% in 2023. This upward trend in gross profit margin reflects improved efficiency in production and cost management, potentially driven by operational optimizations or pricing strategies.

It is worth noting that the gross profit margin was relatively stable around 30% in 2021 and 2020, with a slight decrease in 2019 at 33.89%. The recent improvement in 2023 demonstrates Viatris Inc's focus on enhancing profitability and operational performance. Monitoring the gross profit margin over time can provide valuable insights into the company's ability to generate profits from its primary business activities.