Avantor, Inc.

AVTR Healthcare Medical Instruments & Supplies

Avantor, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.6 billion, down 3.41% from fiscal 2024.

Revenue
+4.59%
EPS
+128.9%
Free cash flow
−9.03%
Total debt
−4.51%

Quarter to September 2026, against a year earlier

15.14 0.51 −3.26%
Market cap
$10.3B
P/E
30.3×
Fwd P/E
34.8×
Dividend yield
—
F-score
4/9
Altman Z
1.55
Beneish M
−2.91
Dividend safety
n/a

Avantor, Inc. (AVTR) Gross margin

Alert me on Gross margin

Avantor, Inc.'s gross margin over the twelve months to 30 September 2026 was 31.6%, down 1.1 percentage points from fiscal 2025 (32.7%). Over the past ten years it has ranged from 31.0% (fiscal 2018) to 46.3% (fiscal 2016); the current reading is higher than 40% of that period. That is below the Medical Instruments & Supplies industry median of 53.6% and below the Healthcare sector median of 53.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 32.7% (0.95)
FY2024 33.6% (0.33)
FY2023 33.9% (0.72)
FY2022 34.7% 0.77
FY2021 33.9% 1.34
FY2020 32.5% 0.74
FY2019 31.8% 0.77
FY2018 31.0% (3.67)
FY2017 34.7% (11.61)
FY2016 46.3% —

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 31.5% (0.24)
Jun 2026 31.7% 0.07
Mar 2026 31.7% 0.17
Dec 2025 31.5% (0.93)
29 more quarters

Against its own ten years

Low 31.0% High 46.3%
Ten-year median 33.7%
Current reading's percentile 3

Gross margin against peers

Company Gross margin
ALGN Align Technology, Inc. compare 69.1%
COO The Cooper Companies, Inc. compare 65.9%
BLCO Bausch + Lomb Corporation compare 62.6%
TFX Teleflex Incorporated compare 54.9%
RGEN Repligen Corporation compare 53.5%
ATR AptarGroup, Inc. compare 35.8%
AVTR Avantor, Inc. 31.6%
BAX Baxter International Inc. compare 30.1%
SOLV Solventum Corporation compare 0.00%
Medical Instruments & Supplies industry median 53.6%
Healthcare sector median 53.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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