Viatris (VTRS) Invested Capital (2018 - 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 (2018 - 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 | Eli Lilly | 1,348.13 Bn | 1,321.74 Bn | 20.46 Bn | 89.77 Bn |
| 2 | Johnson & Johnson | 675.90 Bn | 595.76 Bn | 17.30 Bn | 126.18 Bn |
| 3 | AbbVie | 519.45 Bn | 487.50 Bn | 13.12 Bn | 76.32 Bn |
| 4 | Merck | 364.95 Bn | 327.95 Bn | 13.19 Bn | 98.72 Bn |
| 5 | Novartis Ag | 311.58 Bn | 285.16 Bn | - | - |
| 6 | Astrazeneca | 289.34 Bn | 262.94 Bn | 13.26 Bn | 45.14 Bn |
| 7 | Amgen | 251.64 Bn | 203.30 Bn | 7.58 Bn | 68.36 Bn |
| 8 | Gilead Sciences | 212.05 Bn | 187.07 Bn | 6.73 Bn | 39.27 Bn |
| 9 | Pfizer | 167.35 Bn | 115.00 Bn | 12.56 Bn | 151.97 Bn |
| 10 | Viatris | 23.90 Bn | 17.07 Bn | 1.44 Bn | 27.00 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 27.00 Bn |
| Jun 30, 2026 | 27.61 Bn |
| Mar 31, 2026 | 29.00 Bn |
| Dec 31, 2025 | 29.16 Bn |
| Sep 30, 2025 | 29.66 Bn |
| Jun 30, 2025 | 30.04 Bn |
| Mar 31, 2025 | 29.84 Bn |
| Dec 31, 2024 | 32.73 Bn |
| Sep 30, 2024 | 36.98 Bn |
| Jun 30, 2024 | 36.62 Bn |
| Mar 31, 2024 | 37.98 Bn |
| Dec 31, 2023 | 38.60 Bn |
| Sep 30, 2023 | 40.55 Bn |
| Jun 30, 2023 | 40.77 Bn |
| Mar 31, 2023 | 40.21 Bn |
| Dec 31, 2022 | 41.60 Bn |
| Sep 30, 2022 | 39.93 Bn |
| Jun 30, 2022 | 41.56 Bn |
| Mar 31, 2022 | 42.47 Bn |
| Dec 31, 2021 | 45.44 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();