Avantor, Inc. (AVTR) Income Statement
AVTR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsAVTR revenue and net income
Where AVTR's revenue goes
2025Each bar shows an amount and its share of revenue. AVTR kept −8.1% of revenue as net income.
AVTR profit margins
AVTR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −3.4% | +10.1% | +0.5% | +26.3% |
| Gross profit | −6.1% | −6.3% | +0.6% | +23.4% |
| Operating income | −122.7% | — | — | — |
| Net income | −174.5% | — | — | — |
| EPS (diluted) | −9.0% | −13.6% | +0.4% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AVTR quarterly EPS vs estimates
Avantor beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 28, 2026 (estimate $0.21).
AVTR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.55B | $6.78B | $6.97B | $4.91B | $7.39B | $6.39B | $6.04B | $5.86B | $1.25B | $691.3M |
| Cost of revenue | $4.41B | $4.50B | $4.60B | $2.31B | $4.88B | $4.31B | $4.12B | $4.04B | $814.6M | $371.6M |
| Gross profit | $2.14B | $2.28B | $2.36B | $2.60B | $2.50B | $2.08B | $1.92B | $1.82B | $432.8M | $319.7M |
| Research & development | — | — | — | — | — | — | — | — | — | $19.1M |
| Sales, general & admin | $1.60B | $1.64B | $1.51B | $1.47B | $1.53B | $1.37B | $1.37B | $1.41B | $643.2M | $309.8M |
| Total operating expenses | $2.39B | $1.19B | $1.67B | $1.47B | $1.53B | $1.37B | $1.37B | $1.41B | $643.2M | $309.8M |
| Operating income | −$246.2M | $1.08B | $696.4M | $1.13B | $972.2M | $706.8M | $551.8M | $413.5M | −$210.4M | $9.9M |
| Interest income | — | — | — | — | — | — | $441.9M | $530.3M | $287.8M | $80.7M |
| Interest expense | $169.8M | $218.8M | $284.8M | $265.8M | $217.4M | $307.6M | $440.0M | $523.8M | $200.9M | $80.3M |
| Income before taxes | −$441.3M | $853.9M | $410.5M | $851.1M | $753.0M | $62.3M | $40.6M | −$113.8M | −$460.2M | −$70.6M |
| Income taxes | $88.9M | $142.4M | $89.4M | −$164.6M | $180.4M | −$54.3M | $2.8M | −$26.9M | −$314.9M | $10.1M |
| Net income | −$530.2M | $711.5M | $321.1M | $686.5M | $572.6M | $116.6M | $37.8M | −$86.9M | −$112.7M | −$42.4M |
| EBITDA | $138.7M | $1.48B | $1.10B | $1.53B | $1.35B | $765.3M | $879.5M | $814.6M | −$160.1M | $70.0M |
| EPS (diluted) | $0.91 | $1.00 | $1.07 | $1.41 | $1.41 | $0.89 | $0.30 | −$2.49 | −$3.63 | — |
| Gross margin | 32.7% | 33.6% | 33.9% | 53.0% | 33.9% | 32.5% | 31.8% | 31.0% | 34.7% | 46.2% |
| Operating margin | −3.8% | 16.0% | 10.0% | 23.0% | 13.2% | 11.1% | 9.1% | 7.1% | −16.9% | 1.4% |
| Net margin | −8.1% | 10.5% | 4.6% | 14.0% | 7.8% | 1.8% | 0.6% | −1.5% | −9.0% | −6.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.69B | $1.58B | $1.66B | $1.62B | $1.68B | $1.58B | $1.69B | $1.71B | $1.70B | $1.68B | $1.72B | $1.72B |
| Cost of revenue | $1.16B | $1.08B | $1.14B | $1.10B | $1.13B | $1.05B | $1.12B | $1.15B | $1.12B | $1.11B | $1.15B | $1.14B |
| Gross profit | $537.0M | $500.7M | $523.9M | $526.5M | $554.1M | $534.9M | $562.9M | $564.4M | $581.5M | $570.5M | $570.4M | $578.6M |
| Sales, general & admin | $415.2M | $401.2M | $392.4M | $390.3M | $425.3M | $387.5M | $371.4M | $439.8M | $405.7M | $424.2M | $387.1M | $368.4M |
| Total operating expenses | $415.2M | $385.7M | $397.5M | $1.18B | $425.3M | $387.5M | −$75.2M | $439.8M | $405.7M | $424.2M | $387.1M | $368.4M |
| Operating income | $121.8M | $115.0M | $126.4M | −$648.8M | $128.8M | $147.4M | $638.1M | $124.6M | $175.8M | $146.3M | $183.3M | $210.2M |
| Interest expense | $39.4M | $55.3M | $40.0M | $44.2M | $43.4M | $42.2M | $44.9M | $48.7M | $60.9M | $64.3M | $65.3M | $72.4M |
| Income before taxes | $81.2M | $55.5M | $80.8M | −$689.5M | $81.7M | $85.7M | $584.2M | $74.5M | $114.6M | $80.6M | $119.5M | $136.5M |
| Income taxes | $43.1M | $12.2M | $28.4M | $22.3M | $17.0M | $21.2M | $83.8M | $16.7M | $21.7M | $20.2M | $21.0M | $28.1M |
| Net income | $38.1M | $43.3M | $52.4M | −$711.8M | $64.7M | $64.5M | $500.4M | $57.8M | $92.9M | $60.4M | $98.5M | $108.4M |
| EBITDA | $226.2M | $215.8M | $224.1M | −$540.8M | $227.8M | $227.6M | $730.0M | $225.6M | $278.1M | $244.5M | $285.4M | $306.9M |
| EPS (diluted) | $0.21 | $0.17 | $0.22 | $0.22 | $0.24 | $0.23 | $0.27 | $0.26 | $0.25 | $0.22 | $0.25 | $0.25 |
| Gross margin | 31.7% | 31.7% | 31.5% | 32.4% | 32.9% | 33.8% | 33.4% | 32.9% | 34.1% | 34.0% | 33.1% | 33.6% |
| Operating margin | 7.2% | 7.3% | 7.6% | −40.0% | 7.7% | 9.3% | 37.8% | 7.3% | 10.3% | 8.7% | 10.6% | 12.2% |
| Net margin | 2.3% | 2.7% | 3.1% | −43.8% | 3.8% | 4.1% | 29.7% | 3.4% | 5.5% | 3.6% | 5.7% | 6.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AVTR's financial statements (latest annual report filed February 11, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AVTR financial results
In fiscal year 2025 (ended December 31, 2025), Avantor reported revenue of $6.6 billion, down 3.4% from the year before. It had a net loss of $530.2 million, a net profit margin of −8.1%. Diluted earnings per share came to $0.91. Over five years revenue grew at an average rate of 0.5% a year.
See the AVTR stock overview for the latest quote and news, or the AVTR chart for price history and technical indicators.
AVTR income statement FAQ
What is Avantor's annual revenue?
Avantor reported total revenue of $6.6 billion for fiscal year 2025, which ended on December 31, 2025. That was down 3.4% from $6.8 billion the previous year.
Is Avantor profitable?
No. Avantor reported a net loss of $530.2 million in fiscal 2025, a net profit margin of −8.1%; its operating margin was −3.8%.
What is Avantor's gross margin?
Avantor's gross margin was 32.7% in fiscal 2025: for every $100 of revenue, Avantor kept $33 after the direct cost of its products and services.
How fast is Avantor growing?
Revenue grew 0.5% a year on average over the last five fiscal years, from $6.4 billion to $6.6 billion.
What are Avantor's earnings per share?
Avantor earned $0.91 per diluted share in fiscal 2025, compared with $1.00 a year earlier.
When will Avantor report its next earnings?
Avantor is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 before the market opens.
When does Avantor's fiscal year end?
Avantor's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 11, 2026.