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| Date | Value |
|---|---|
| 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% |