Viatris (VTRS) Invested Capital (2019 - 2026)
Viatris' Invested Capital came in at $27.61 billion for Q2 2026, down 8.1% from $30.04 billion a year earlier and down 4.8% from the prior quarter.
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Analysis
Viatris (VTRS) Invested Capital (2019 - 2026) Analysis & Trends
For FY2025, Viatris' Invested Capital was $29.13 billion, down 10.9% from FY2024.
- Invested Capital has declined in each of the last five years, with a five-year compound annual growth rate of -9.8% (FY2020 to FY2025).
- Going back by year, Invested Capital was $32.68 billion in FY2024 (-15.3%), $38.6 billion in FY2023 (-4.3%), $40.35 billion in FY2022 (-7.4%) and $43.58 billion in FY2021 (-10.7%).
- The Q2 2026 figure represents the lowest quarterly Invested Capital since Q3 2020.
- Year-over-year, Invested Capital has declined for 11 consecutive quarters, with an average decline of 12.8% over the last eight quarters.
- The fastest year-over-year change in Invested Capital over five years came in Q3 2021 (growth of 293.6%), and the weakest in Q1 2025 (a decline of 21.5%).
- Business Quant data shows VTRS's Invested Capital at $29 billion (Q1 2026), $29.13 billion (Q4 2025) and $29.66 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 638.12 Bn | 556.64 Bn | 17.26 Bn | 134.01 Bn |
| 2 | AbbVie | 462.60 Bn | 435.75 Bn | 12.70 Bn | 64.89 Bn |
| 3 | Merck | 358.70 Bn | 313.13 Bn | 12.21 Bn | 95.89 Bn |
| 4 | Novartis Ag | 272.16 Bn | 228.03 Bn | 11.24 Bn | 79.44 Bn |
| 5 | Astrazeneca | 250.36 Bn | 223.92 Bn | 12.86 Bn | 50.26 Bn |
| 6 | Amgen | 227.87 Bn | 183.27 Bn | 7.24 Bn | 68.99 Bn |
| 7 | Gilead Sciences | 184.97 Bn | 159.08 Bn | 6.22 Bn | 38.08 Bn |
| 8 | Pfizer | 162.61 Bn | 109.56 Bn | 10.94 Bn | 148.69 Bn |
| 9 | Vertex Pharmaceuticals | 132.45 Bn | 104.46 Bn | 2.84 Bn | - |
| 10 | Viatris | 20.35 Bn | 15.36 Bn | 1.46 Bn | 27.61 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 27.61 Bn |
| Mar 31, 2026 | 29.00 Bn |
| Dec 31, 2025 | 29.13 Bn |
| Sep 30, 2025 | 29.66 Bn |
| Jun 30, 2025 | 30.04 Bn |
| Mar 31, 2025 | 29.84 Bn |
| Dec 31, 2024 | 32.68 Bn |
| Sep 30, 2024 | 35.54 Bn |
| Jun 30, 2024 | 36.62 Bn |
| Mar 31, 2024 | 37.98 Bn |
| Dec 31, 2023 | 38.60 Bn |
| Sep 30, 2023 | 39.25 Bn |
| Jun 30, 2023 | 39.45 Bn |
| Mar 31, 2023 | 39.71 Bn |
| Dec 31, 2022 | 40.35 Bn |
| Sep 30, 2022 | 39.17 Bn |
| Jun 30, 2022 | 40.80 Bn |
| Mar 31, 2022 | 42.47 Bn |
| Dec 31, 2021 | 43.58 Bn |
| Sep 30, 2021 | 44.61 Bn |
API Access
Viatris Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=VTRS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "VTRS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=VTRS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();