Viatris (VTRS) Gross Margin (2020 - 2026)

Viatris (VTRS) recorded quarterly Gross Margin of 32.9% in Q1 2026, up 5.79% quarter-over-quarter from 31.1% in Q4 2025, and down 290.0% on a YoY basis from 17.32% in Q1 2025.

Viatris (VTRS) Gross Margin (2020 - 2026) Analysis & Trends

Viatris' Gross Margin history runs 7 years deep, the most recent figure standing at 32.9% for Q1 2026.

  • In Q1 2026, Gross Margin fell 290.0% year-over-year to 32.9%; the TTM figure through Mar 2026 stood at 34.46% (down 245.0% YoY), while the FY2025 annual figure was 35.18%, down 309.0% from the prior year.
  • Gross Margin was 32.9% for Q1 2026 at Viatris, up from 31.1% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 42.99% in Q3 2023 to a low of 13.83% in Q4 2023.
  • Historically, Gross Margin has averaged 35.12% across 5 years, with a median of 38.07% in 2024.
  • The sharpest annual moves came in 2023 and 2024: Gross Margin slumped 4640 bps in 2023, then soared 4839 bps in 2024.
  • A 5-year view of Gross Margin shows it stood at 32.57% in 2022, then plunged by 142 bps to 13.83% in 2023, then jumped by 350 bps to 34.56% in 2024, then decreased by 10 bps to 31.1% in 2025, then rose by 6 bps to 32.9% in 2026.
  • The last three Gross Margin figures came in at 32.9% (Q1 2026), 31.1% (Q4 2025), and 36.6% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Teva Pharmaceutical Industries 39.72 Bn 35.98 Bn 1.97 Bn 49.52%
2 Zoetis 34.61 Bn 32.67 Bn 1.62 Bn 71.66%
3 United Therapeutics 24.07 Bn 21.91 Bn 648.10 Mn 82.93%
4 Aurora Cannabis 16.98 Bn 16.91 Bn 33.43 Mn 49.50%
5 Neurocrine Biosciences 16.64 Bn 15.32 Bn 800.70 Mn 98.31%
6 Elanco Animal Health 12.19 Bn 11.76 Bn 785.00 Mn 57.26%
7 Alkermes 7.37 Bn 6.86 Bn -116.06 Mn -293.83%
8 Hims & Hers Health 6.62 Bn 5.87 Bn 396.79 Mn 65.25%
9 Lantheus Holdings 6.47 Bn 5.97 Bn 230.92 Mn 61.20%
10 Viatris - - 1.16 Bn 32.90%

Historic Data

Download Data
DateValue
Mar 31, 2026 32.90%
Dec 31, 2025 31.10%
Sep 30, 2025 36.60%
Jun 30, 2025 37.21%
Mar 31, 2025 35.80%
Dec 31, 2024 34.56%
Sep 30, 2024 38.90%
Jun 30, 2024 38.07%
Mar 31, 2024 41.05%
Dec 31, 2023 -13.83%
Sep 30, 2023 42.99%
Jun 30, 2023 41.05%
Mar 31, 2023 41.36%
Dec 31, 2022 32.57%
Sep 30, 2022 42.87%
Jun 30, 2022 41.49%
Mar 31, 2022 42.25%
Dec 31, 2021 35.11%
Sep 30, 2021 34.70%
Jun 30, 2021 29.11%