Friday 6 November 2026
Export MRVI’s income statement to Excel — free account
Maravai LifeSciences Holdings, Inc.
MRVI Healthcare Biotechnology
Maravai LifeSciences Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $185.7 million, down 28.3% from fiscal 2024.
- Revenue
- +10.1%
- EPS
- +50.0%
- Free cash flow
- +123.9%
- Total debt
- −45.4%
Quarter to September 2026, against a year earlier
7.52
0.54
+7.74%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | 124 | 143 | 284 | 799 | 883 | 289 | 259 | 186 | 213 | +6.0% | 212 | 225 | 244 | +9.5% | |
| Gross margin, % | — | — | 50.93 | 53.30 | 71.96 | 82.41 | 80.87 | 48.52 | 41.79 | 18.30 | 39.15 | (32.6) pt | ||||||
| EBT | — | — | (16) | (6) | 82 | 531 | 551 | 618 | (261) | (235) | (115) | +46.1% | ||||||
| EBT margin, % | — | — | (13.32) | (4.09) | 28.76 | 66.41 | 62.45 | 213.79 | (100.89) | (126.50) | (54.19) | (113.2) pt | ||||||
| Net income | — | 0 | (17) | (5) | 79 | 469 | 491 | (138) | (260) | (231) | (115) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | 0.49 | 0.56 | 27.45 | 6.96 | 6.71 | 2.19 | 1.88 | 1.29 | 1.43 | +14.9% | |||||
| Earnings | — | — | (0.07) | (0.02) | 7.43 | 1.59 | 1.67 | (0.90) | (1.05) | (0.90) | (0.43) | +45.1% | ||||||
| Cash flow | — | — | 0.00 | 0.10 | 14.70 | 3.21 | 4.07 | 0.96 | 0.05 | (0.40) | (0.03) | +147.6% | ||||||
| Capex | — | — | (0.01) | (0.07) | 0.88 | (0.12) | (0.13) | (0.50) | (0.22) | (0.09) | (0.05) | +30.4% | ||||||
| Free cash flow | — | — | (0.01) | 0.03 | 15.58 | 3.09 | 3.94 | 0.46 | (0.16) | (0.49) | (0.08) | +64.5% | ||||||
| Book value | — | — | 0.58 | 0.57 | 14.95 | 4.75 | 6.88 | 5.99 | 4.19 | 2.58 | 2.28 | +23.7% | ||||||
| Shares, m | — | — | 254 | 254 | 10 | 115 | 132 | 132 | 138 | 144 | 147 | (7.8%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | 162.76 | 162.76 | 32.87 | 26.86 | 8.20 | 0.00 | 0.00 | 0.00 | 0.00 | 49.2 | |||||
| P/S | — | — | 34.19 | 34.19 | 3.99 | 6.02 | 2.04 | 3.08 | 2.90 | 2.53 | 5.26 | 11.1 | ||||||
| P/B | — | — | 52.41 | 52.41 | 7.33 | 8.82 | 1.99 | 1.13 | 1.30 | 1.26 | 3.30 | 15.8 | ||||||
| EV/Sales | — | — | 35.84 | 35.84 | 5.24 | 5.99 | 1.92 | 3.01 | 2.92 | 3.09 | 5.75 | 11.7 | ||||||
| EV/FCF | — | — | 81.35 | 81.35 | 9.23 | 13.52 | 3.27 | 14.34 | (34.07) | (8.12) | (97.64) | 20.1 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | 0 | 24 | 152 | 369 | 536 | 126 | 7 | (58) | (5) | +126.9% | |||||
| Capex | — | — | (4) | (17) | 9 | (14) | (17) | (66) | (30) | (13) | (7) | +20.3% | ||||||
| Free cash flow | — | — | (4) | 7 | 161 | 354 | 519 | 61 | (22) | (71) | (13) | +51.9% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | 18 | 31 | 201 | 646 | 738 | 612 | 372 | 251 | 121 | +45.9% | |||||
| Net debt | — | — | 318 | 366 | 355 | (21) | (105) | (19) | 5 | 105 | 103 | (14.6%) | ||||||
| Shareholders’ equity | — | — | 148 | 145 | 155 | 545 | 905 | 790 | 577 | 373 | 340 | +14.1% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | (1.66) | (0.80) | 8.32 | 11.42 | 10.48 | (6.31) | (11.61) | (14.70) | (9.06) | (13.0) pt | |||||
| ROIC | — | — | 2.20 | 2.94 | 14.71 | 66.07 | 44.83 | (2.57) | (25.31) | (28.16) | (13.62) | (30.4) pt | ||||||
| ROE | — | — | (3.14) | (3.05) | 51.37 | 52.00 | 30.36 | (14.04) | (21.19) | (27.53) | (17.01) | (24.4) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | 390 | 58 | 470 | 610 | 650 | 570 | 435 | — | +1.8% | |||||
| Revenue/emp, $m | — | — | 0.00 | 0.37 | 4.90 | 1.70 | 1.45 | 0.44 | 0.45 | 0.43 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
Maravai LifeSciences Holdings, Inc. vs peers in Biotechnology (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| COAG Hemab Therapeutics Holdings, Inc. | $2.1B | — (loss-making) | — | — | n/m | — | — | 0.00% | Compare |
| FTRE Fortrea Holdings Inc. | $2.0B | — (loss-making) | — (loss-making) | −1.40% (below 0%: shrinking) | n/m | −33.96% (below 0%: shrinking) | 20.17% | 2.17% | Compare |
| TRAX First Tracks Biotherapeutics, Inc. | $1.9B | — (loss-making) | — | — | n/m | +55.91% (above 0%: growing) | — | 0.00% | Compare |
| REPL Replimune Group, Inc. | $1.9B | — (loss-making) | — | — | n/m | +42.22% (above 0%: growing) | 0.00% | 0.00% | Compare |
| HRMY Harmony Biosciences Holdings, Inc. | $1.9B | 10.5× | 9.9× | +12.30% (above 0%: growing) | −6.24% (below 0%: shrinking) | −29.42% (below 0%: shrinking) | 70.00% | 20.15% | Compare |
| SRPT Sarepta Therapeutics, Inc. | $1.9B | — (loss-making) | 6.3× | −4.51% (below 0%: shrinking) | n/m | +231.84% (above 0%: growing) | 0.00% | (2.37%) | Compare |
| VIR Vir Biotechnology, Inc. | $1.9B | — (loss-making) | — (loss-making) | +19,582.54% (above 0%: growing) | n/m | +200.47% (above 0%: growing) | 100.00% | 30.75% | Compare |
| TRVI Trevi Therapeutics, Inc. | $1.8B | — (loss-making) | — | — | n/m | −73.77% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| MRVI Maravai LifeSciences Holdings, Inc. | $1.8B | — (loss-making) | — (loss-making) | +10.14% (above 0%: growing) | n/m | +123.88% (above 0%: growing) | 35.31% | (44.97%) | |
| Median of peers | $1.9B | — | — | +5.45% | — | +42.22% | 10.09% | 0.00% |
Pay and ownership Proxy statement filed 24 April 2026
Ownership
Directors and executive officers, together
1.42%
GTCR
50.68%
Stuart FeldmanHudson View Holdings LLCHudson View Capital LLCJD Squared Holdings II LLCJD Squared Capital II LLCMatthew BarkoffJoshua Wool
4.06%
12 West Capital Management LP
3.46%
BlackRock, Inc.
3.32%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
Maravai LifeSciences Holdings, Inc. (MRVI) Latest News
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26 Feb
MRVI metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score