Viatris Inc (VTRS)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 5,623,600 | 6,438,600 | 6,497,000 | 5,575,500 | 3,796,700 |
| Revenue | US$ in thousands | 14,739,300 | 15,426,900 | 16,262,700 | 17,886,300 | 11,946,000 |
| Gross profit margin | 38.15% | 41.74% | 39.95% | 31.17% | 31.78% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $5,623,600K ÷ $14,739,300K
= 38.15%
The gross profit margin of Viatris Inc has shown fluctuations over the years based on the provided data. It was 31.78% as of December 31, 2020, and decreased slightly to 31.17% by December 31, 2021. However, there was a significant increase in the margin to 39.95% by December 31, 2022, indicating improved profitability in that year. Subsequently, the gross profit margin continued to rise to 41.74% by December 31, 2023, reaching its highest point during the period under review. However, there was a slight decline to 38.15% by December 31, 2024. Overall, the trend suggests that Viatris Inc has successfully managed its cost of goods sold relative to its revenue, with a notable improvement in profitability in 2022 and 2023, although there was a slight dip in 2024.
Peer comparison
Dec 31, 2024