Alvotech (ALVO) Operating Margin (2022 - 2025)
Alvotech (ALVO) reported Operating Margin of 56.66% for Q4 2025, down 926.0% on a YoY basis from 6.86% in Q4 2024, and down 32.82% quarter-over-quarter from 84.33% in Q3 2025.
Alvotech (ALVO) Operating Margin (2022 - 2025) Analysis & Trends
Alvotech has reported Operating Margin for 4 years, with the latest figure at 56.66% in Q4 2025.
- For the quarter ending Q4 2025, Operating Margin fell 926.0% year-over-year to 56.66%; the trailing twelve-month figure through Dec 2025 stood at 28.31% (down 2306.0% YoY), and the FY2025 full-year result was 28.31%, up 284.0% from the prior year.
- Operating Margin for Q4 2025 stood at 56.66%, down from 84.33% in the prior quarter.
- The five-year high for Operating Margin was 84.33% in Q3 2025, with the low at 15988.05% in Q1 2022.
- Historically, Operating Margin has averaged 1848.88% across 4 years, with a median of 390.75% in 2024.
- Annual changes were most pronounced in 2023 — Operating Margin jumped 1538118 bps — and 2025, when it tumbled 926 bps.
- Alvotech's Operating Margin stood at 2514.82% in 2022, then gained by 25 bps to 1877.67% in 2023, then surged by 104 bps to 65.92% in 2024, then declined by 14 bps to 56.66% in 2025.
- The last three Operating Margin figures came in at 56.66% (Q4 2025), 84.33% (Q3 2025), and 81.26% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Teva Pharmaceutical Industries | 39.72 Bn | 35.98 Bn | 1.97 Bn | 16.37% |
| 2 | Zoetis | 34.61 Bn | 32.67 Bn | 1.62 Bn | 36.83% |
| 3 | United Therapeutics | 24.07 Bn | 21.91 Bn | 648.10 Mn | 41.69% |
| 4 | Aurora Cannabis | 16.98 Bn | 16.91 Bn | 33.43 Mn | 20.77% |
| 5 | Neurocrine Biosciences | 16.64 Bn | 15.32 Bn | 800.70 Mn | 23.74% |
| 6 | Elanco Animal Health | 12.19 Bn | 11.76 Bn | 785.00 Mn | 22.39% |
| 7 | Alkermes | 7.37 Bn | 6.86 Bn | -116.06 Mn | -122.23% |
| 8 | Hims & Hers Health | 6.62 Bn | 5.87 Bn | 396.79 Mn | -12.88% |
| 9 | Lantheus Holdings | 6.47 Bn | 5.97 Bn | 230.92 Mn | 21.55% |
| 10 | Alvotech | 12.16 Mn | -160.20 Mn | -22.39 Mn | 56.66% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 56.66% |
| Sep 30, 2025 | 84.33% |
| Jun 30, 2025 | 81.26% |
| Mar 31, 2025 | -44.05% |
| Dec 31, 2024 | 65.92% |
| Sep 30, 2024 | 20.49% |
| Jun 30, 2024 | -391.96% |
| Mar 31, 2024 | -389.53% |
| Dec 31, 2023 | -1,877.67% |
| Jun 30, 2023 | -606.55% |
| Mar 31, 2023 | -606.87% |
| Dec 31, 2022 | -2,514.82% |
| Jun 30, 2022 | -3,773.51% |
| Mar 31, 2022 | -15,988.05% |