Avantor (AVTR) Financials

$12.93 -2.57 (-16.58%)

Closing price 03:59 PM Eastern

Extended Trading

$12.89 -0.04 (-0.31%)

As of 06:01 PM Eastern

Annual Income Statements for Avantor

This table shows Avantor's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-415	-356	-335	52	508	662	321	712
Consolidated Net Income / (Loss)	-145	-87	38	117	573	687	321	712
Net Income / (Loss) Continuing Operations	-145	-87	38	117	573	687	321	712
Total Pre-Tax Income	-460	-114	41	62	753	851	411	854
Total Operating Income	-210	414	552	707	972	1,130	696	1,085
Total Gross Profit	433	1,820	1,921	2,081	2,503	2,603	2,364	2,279
Total Revenue	1,247	5,864	6,040	6,394	7,386	7,512	6,967	6,784
Operating Revenue	1,247	5,864	6,040	6,394	7,386	7,512	6,967	6,784
Total Cost of Revenue	815	4,045	4,120	4,313	4,883	4,910	4,603	4,504
Operating Cost of Revenue	815	4,045	4,120	4,313	4,883	4,910	4,603	4,504
Total Operating Expenses	643	1,406	1,369	1,374	1,531	1,473	1,667	1,641
Selling, General & Admin Expense	450	1,406	1,369	1,374	1,531	1,473	1,507	1,641
Impairment Charge	-	-	-	-	0.00	0.00	161	0.00
Total Other Income / (Expense), net	-250	-527	-511	-645	-219	-279	-286	216
Interest Expense	257	524	514	654	230	278	292	230
Other Income / (Expense), net	7.50	-3.50	2.50	9.90	11	-0.80	5.80	445
Income Tax Expense	-315	-27	2.80	-54	180	165	89	142
Preferred Stock Dividends Declared	28	270	153	65	65	24	0.00	0.00
Basic Earnings per Share	($2.75)	($2.69)	($0.84)	$0.09	$0.86	$1.02	$0.48	$1.05
Weighted Average Basic Shares Outstanding	151.10M	132.70M	401.20M	576.30M	590.50M	650.90M	675.60M	679.60M
Diluted Earnings per Share	($2.75)	($2.69)	($0.84)	$0.09	$0.85	$1.01	$0.47	$1.04
Weighted Average Diluted Shares Outstanding	151.10M	132.70M	401.20M	583.40M	599.60M	679.40M	678.40M	681.90M
Weighted Average Basic & Diluted Shares Outstanding	151.10M	132.70M	401.20M	609.97M	-	674.44M	678.28M	680.90M

This table shows Avantor's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	167	142	122	-7.30	108	99	60	93	58	500
Consolidated Net Income / (Loss)	167	142	122	-7.30	108	99	60	93	58	500
Net Income / (Loss) Continuing Operations	167	142	122	-7.30	108	99	60	93	58	500
Total Pre-Tax Income	208	175	156	-1.30	137	120	81	115	75	584
Total Operating Income	276	252	231	72	210	183	146	176	125	638
Total Gross Profit	651	615	625	590	579	570	571	582	564	563
Total Revenue	1,857	1,795	1,780	1,744	1,720	1,723	1,680	1,703	1,714	1,687
Operating Revenue	1,857	1,795	1,780	1,744	1,720	1,723	1,680	1,703	1,714	1,687
Total Cost of Revenue	1,206	1,181	1,156	1,154	1,142	1,152	1,109	1,121	1,150	1,124
Operating Cost of Revenue	1,206	1,181	1,156	1,154	1,142	1,152	1,109	1,121	1,150	1,124
Total Operating Expenses	375	363	394	518	368	387	424	406	440	371
Selling, General & Admin Expense	375	363	394	358	368	387	424	406	440	371
Total Other Income / (Expense), net	-68	-77	-75	-73	-74	-64	-66	-61	-50	393
Interest Expense	70	72	76	75	74	66	67	63	51	49
Other Income / (Expense), net	2.70	-5.60	0.60	2.00	0.70	2.50	1.10	1.60	0.70	442
Income Tax Expense	41	33	34	6.00	28	21	20	22	17	84
Basic Earnings per Share	$0.25	$0.20	$0.18	($0.01)	$0.16	$0.15	$0.09	$0.14	$0.08	$0.74
Weighted Average Basic Shares Outstanding	674.10M	650.90M	674.70M	675.30M	676M	675.60M	678.10M	679.40M	680.30M	679.60M
Diluted Earnings per Share	$0.25	$0.20	$0.18	($0.01)	$0.16	$0.14	$0.09	$0.14	$0.08	$0.73
Weighted Average Diluted Shares Outstanding	679.30M	679.40M	678.10M	675.30M	678.50M	678.40M	681.40M	682.60M	683M	681.90M
Weighted Average Basic & Diluted Shares Outstanding	674.20M	674.44M	675.11M	675.92M	676.39M	678.28M	679.27M	679.84M	680.61M	680.90M

This table details how cash moves in and out of Avantor's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	123	7.00	1.60	100	38	70	-109	-23
Net Cash From Operating Activities	-168	201	354	930	954	844	870	841
Net Cash From Continuing Operating Activities	-168	201	354	930	954	844	870	841
Net Income / (Loss) Continuing Operations	-145	-87	38	117	573	687	321	712
Consolidated Net Income / (Loss)	-145	-87	38	117	573	687	321	712
Depreciation Expense	99	405	399	395	379	406	402	406
Amortization Expense	12	41	34	23	16	16	13	11
Non-Cash Adjustments To Reconcile Net Income	225	34	197	462	118	126	289	-288
Changes in Operating Assets and Liabilities, net	-358	-193	-313	-68	-132	-390	-156	0.80
Net Cash From Investing Activities	-6,676	-23	-42	-59	-4,122	-110	-144	439
Net Cash From Continuing Investing Activities	-6,676	-23	-42	-59	-4,122	-110	-144	439
Purchase of Property, Plant & Equipment	-25	-38	-52	-62	-111	-133	-146	-149
Acquisitions	-6,661	-	0.00	0.00	-4,014	-20	0.00	0.00
Divestitures	-	-	-	-	-	0.00	0.00	585
Sale and/or Maturity of Investments	-	-	-	0.00	0.00	43	0.00	0.00
Other Investing Activities, net	9.90	15	9.50	2.50	3.50	1.50	2.70	2.50
Net Cash From Financing Activities	6,965	-170	-308	-783	3,219	-649	-844	-1,281
Net Cash From Continuing Financing Activities	6,965	-170	-308	-783	3,219	-649	-844	-1,281
Repayment of Debt	-3,609	-186	-1,879	-4,677	-575	-948	-848	-1,342
Repurchase of Preferred Equity	0.00	0.00	-2,631	0.00	-26	-13	-14	-8.60
Payment of Dividends	0.00	0.00	-31	-65	-65	-32	0.00	0.00
Issuance of Debt	9,250	36	1.30	3,939	2,835	327	0.00	0.00
Other Financing Activities, net	-1,725	-21	-3.90	20	83	17	18	69
Effect of Exchange Rate Changes	1.00	-	-2.50	12	-13	-16	8.20	-22

This table details how cash moves in and out of Avantor's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	27	109	-78	-58	-0.10	27	-29	38	14	-46
Net Cash From Operating Activities	258	206	220	168	231	252	142	281	245	173
Net Cash From Continuing Operating Activities	258	206	220	168	231	252	142	281	245	173
Net Income / (Loss) Continuing Operations	167	142	122	-7.30	108	99	60	93	58	500
Consolidated Net Income / (Loss)	167	142	122	-7.30	108	99	60	93	58	500
Depreciation Expense	101	101	101	103	98	101	100	103	102	101
Amortization Expense	3.60	3.60	3.40	3.30	3.20	3.10	3.00	2.80	2.80	2.60
Non-Cash Adjustments To Reconcile Net Income	31	31	31	200	28	31	49	28	41	-406
Changes in Operating Assets and Liabilities, net	-44	-71	-37	-131	-6.70	19	-70	55	41	-25
Net Cash From Investing Activities	4.10	-33	-27	-29	-37	-50	-34	-45	-41	559
Net Cash From Continuing Investing Activities	4.10	-33	-27	-29	-37	-50	-34	-45	-41	559
Purchase of Property, Plant & Equipment	-39	-34	-28	-30	-38	-51	-35	-46	-41	-28
Other Investing Activities, net	0.60	0.50	0.70	0.70	0.70	0.60	0.50	0.90	0.30	0.80
Net Cash From Financing Activities	-219	-82	-275	-196	-188	-184	-130	-197	-199	-755
Net Cash From Continuing Financing Activities	-219	-82	-275	-196	-188	-184	-130	-197	-199	-755
Repayment of Debt	-259	-152	-270	-193	-198	-188	-210	-173	-210	-749
Other Financing Activities, net	4.80	0.90	2.60	2.10	9.40	4.20	46	5.30	17	1.90
Effect of Exchange Rate Changes	-16	18	4.80	-0.70	-5.40	9.50	-5.70	-1.60	7.90	-22

This table presents Avantor's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024
Total Assets	9,912	9,773	9,907	13,897	13,464	12,973	12,115
Total Current Assets	1,900	2,022	2,231	2,477	2,658	2,385	2,147
Cash & Equivalents	185	187	287	302	373	263	262
Accounts Receivable	931	989	1,113	1,222	1,218	1,150	1,035
Inventories, net	671	711	740	872	914	828	732
Other Current Assets	113	135	91	81	153	144	119
Plant, Property, & Equipment, net	599	557	550	706	727	738	708
Total Noncurrent Assets	7,413	7,195	7,126	10,715	10,079	9,850	9,260
Goodwill	2,785	2,769	2,860	5,341	5,653	5,717	5,539
Intangible Assets	4,566	4,220	4,049	5,140	4,133	3,775	3,360
Other Noncurrent Operating Assets	63	205	217	233	294	358	360
Total Liabilities & Shareholders' Equity	9,912	9,773	9,907	13,897	13,464	12,973	12,115
Total Liabilities	9,104	7,311	7,232	9,700	8,609	7,720	6,158
Total Current Liabilities	1,096	1,075	1,243	1,451	1,659	1,480	2,008
Short-Term Debt	142	94	26	45	364	260	821
Accounts Payable	557	560	679	755	758	626	663
Current Employee Benefit Liabilities	145	114	179	200	122	133	168
Other Current Liabilities	175	232	314	401	364	411	307
Other Current Nonoperating Liabilities	77	74	45	50	50	50	49
Total Noncurrent Liabilities	8,008	6,237	5,990	8,249	6,950	6,240	4,150
Long-Term Debt	6,782	5,023	4,868	6,978	5,923	5,277	3,235
Noncurrent Deferred & Payable Income Tax Liabilities	908	785	724	913	731	613	557
Other Noncurrent Operating Liabilities	318	428	398	358	295	350	358
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-3,052	2,462	2,674	4,197	4,855	5,253	5,957
Total Preferred & Common Equity	-3,052	2,462	2,674	4,197	4,855	5,253	5,957
Total Common Equity	-3,052	2,462	2,674	4,197	4,855	5,253	5,957
Common Stock	-2,747	1,748	1,738	2,753	3,785	3,830	3,938
Retained Earnings	-238	-204	-89	484	1,170	1,492	2,203
Accumulated Other Comprehensive Income / (Loss)	-67	-86	22	-43	-100	-69	-184

This table presents Avantor's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	13,113	13,396	13,063	12,798	12,763	12,694	12,841
Total Current Assets	2,560	2,627	2,499	2,385	2,321	2,329	2,505
Cash & Equivalents	266	295	236	237	235	273	285
Accounts Receivable	1,231	1,277	1,216	1,150	1,130	1,129	1,088
Inventories, net	905	904	890	850	811	796	780
Other Current Assets	158	152	156	147	146	132	136
Other Current Nonoperating Assets	-	-	-	-	-	-	217
Plant, Property, & Equipment, net	698	737	698	698	740	754	723
Total Noncurrent Assets	9,855	10,032	9,866	9,715	9,703	9,611	9,613
Goodwill	5,511	5,683	5,694	5,638	5,672	5,660	5,671
Intangible Assets	4,099	4,077	3,895	3,788	3,663	3,583	3,523
Other Noncurrent Operating Assets	245	273	277	289	368	368	420
Total Liabilities & Shareholders' Equity	13,113	13,396	13,063	12,798	12,763	12,694	12,841
Total Liabilities	8,522	8,401	8,052	7,699	7,427	7,259	7,287
Total Current Liabilities	1,552	1,670	1,550	1,488	1,442	1,465	1,630
Short-Term Debt	281	325	314	336	299	258	230
Accounts Payable	769	766	687	656	573	657	674
Current Employee Benefit Liabilities	120	125	124	120	133	146	183
Other Current Liabilities	344	415	376	337	396	353	402
Other Current Nonoperating Liabilities	39	39	49	40	41	50	142
Total Noncurrent Liabilities	6,970	6,732	6,502	6,211	5,985	5,794	5,658
Long-Term Debt	5,908	5,736	5,570	5,291	5,024	4,857	4,691
Noncurrent Deferred & Payable Income Tax Liabilities	728	696	663	649	601	575	547
Other Noncurrent Operating Liabilities	334	300	269	271	361	362	419
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,591	4,995	5,011	5,099	5,336	5,435	5,553
Total Preferred & Common Equity	4,591	4,995	5,011	5,099	5,336	5,435	5,553
Total Common Equity	4,591	4,995	5,011	5,099	5,336	5,435	5,553
Common Stock	3,775	3,792	3,799	3,818	3,881	3,898	3,925
Retained Earnings	1,029	1,292	1,285	1,393	1,552	1,645	1,703
Accumulated Other Comprehensive Income / (Loss)	-212	-90	-72	-111	-97	-107	-74

This table displays calculated financial ratios and metrics derived from Avantor's official financial filings.

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	370.12%	3.00%	5.85%	15.52%	1.71%	-7.26%	-2.64%
EBITDA Growth	0.00%	1,030.43%	15.27%	15.08%	21.38%	12.50%	-27.93%	74.22%
EBIT Growth	0.00%	302.07%	35.20%	29.30%	37.13%	14.92%	-37.83%	117.92%
NOPAT Growth	0.00%	296.53%	77.49%	157.49%	-44.11%	23.31%	-40.25%	65.93%
Net Income Growth	0.00%	40.19%	143.50%	208.47%	391.08%	19.89%	-53.23%	121.58%
EPS Growth	0.00%	2.18%	68.77%	110.71%	844.44%	18.82%	-53.47%	121.28%
Operating Cash Flow Growth	0.00%	219.70%	76.56%	162.66%	2.56%	-11.54%	3.13%	-3.36%
Free Cash Flow Firm Growth	0.00%	0.00%	109.16%	-424.42%	133.92%	43.38%	-25.65%	113.31%
Invested Capital Growth	0.00%	0.00%	-2.07%	46.91%	0.00%	-1.35%	-2.25%	-7.35%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	4.36%	1.61%	-1.48%	-1.03%	-0.53%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	4.94%	0.31%	2.44%	-5.18%	84.93%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	7.73%	0.19%	3.81%	-7.92%	140.64%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	27.67%	-7.36%	6.65%	-8.96%	80.36%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-14.01%	8.00%	7.47%	-11.86%	129.81%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-88.00%	7.59%	8.60%	-11.32%	131.11%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	5.08%	30.81%	-0.52%	-10.16%	5.58%	-8.52%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	514.62%	175.43%	26.58%	83.69%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	49.92%	32.27%	2.53%	0.46%	-3.11%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	34.70%	31.03%	31.80%	32.54%	33.88%	34.65%	33.93%	33.60%
EBITDA Margin	-7.38%	14.60%	16.34%	17.76%	18.66%	20.64%	16.04%	28.70%
Operating Margin	-16.87%	7.05%	9.14%	11.05%	13.16%	15.04%	10.00%	15.99%
EBIT Margin	-16.27%	6.99%	9.18%	11.21%	13.31%	15.03%	10.08%	22.56%
Profit (Net Income) Margin	-11.65%	-1.48%	0.63%	1.82%	7.75%	9.14%	4.61%	10.49%
Tax Burden Percent	31.57%	76.36%	93.10%	187.16%	76.04%	80.66%	78.22%	83.32%
Interest Burden Percent	226.81%	-27.76%	7.32%	8.69%	76.62%	75.36%	58.46%	55.80%
Effective Tax Rate	0.00%	0.00%	6.90%	-87.16%	23.96%	19.34%	21.78%	16.68%
Return on Invested Capital (ROIC)	0.00%	7.59%	6.81%	14.35%	6.74%	8.37%	5.09%	8.87%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-3.45%	-1.24%	-6.14%	4.28%	4.83%	1.13%	4.67%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-29.11%	-4.50%	-10.85%	6.90%	6.80%	1.26%	3.82%
Return on Equity (ROE)	0.00%	-21.52%	2.31%	3.50%	13.64%	15.17%	6.35%	12.69%
Cash Return on Invested Capital (CROIC)	0.00%	-192.41%	8.90%	-23.64%	6.74%	9.73%	7.37%	16.50%
Operating Return on Assets (OROA)	0.00%	4.14%	5.63%	6.06%	7.07%	8.26%	5.31%	12.20%
Return on Assets (ROA)	0.00%	-0.88%	0.38%	0.99%	4.12%	5.02%	2.43%	5.67%
Return on Common Equity (ROCE)	0.00%	81.32%	-0.42%	3.50%	13.64%	15.17%	6.35%	12.69%
Return on Equity Simple (ROE_SIMPLE)	0.00%	2.85%	1.54%	2.78%	13.64%	14.14%	6.11%	11.94%
Net Operating Profit after Tax (NOPAT)	-147	289	514	1,323	739	912	545	904
NOPAT Margin	-11.81%	4.94%	8.51%	20.69%	10.01%	12.13%	7.82%	13.32%
Net Nonoperating Expense Percent (NNEP)	0.00%	11.04%	8.05%	20.49%	2.46%	3.54%	3.96%	4.20%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	8.18%	5.05%	9.03%
Cost of Revenue to Revenue	65.30%	68.97%	68.20%	67.46%	66.12%	65.35%	66.07%	66.40%
SG&A Expenses to Revenue	36.05%	23.98%	22.66%	21.49%	20.72%	19.60%	21.62%	24.19%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	51.56%	23.98%	22.66%	21.49%	20.72%	19.60%	23.93%	24.19%
Earnings before Interest and Taxes (EBIT)	-203	410	554	717	983	1,129	702	1,530
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-92	856	987	1,136	1,378	1,551	1,118	1,947
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	4.21	3.88	6.12	2.93	2.94	2.41
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.32	0.49	1.72	2.55	3.48	1.89	2.22	2.11
Price to Earnings (P/E)	0.00	0.00	0.00	313.08	50.56	21.47	48.09	20.16
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.32%	1.98%	4.66%	2.08%	4.96%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.77	2.05	2.10	2.95	1.86	1.96	1.85
Enterprise Value to Revenue (EV/Rev)	0.00	2.30	2.53	3.60	4.39	2.68	2.97	2.67
Enterprise Value to EBITDA (EV/EBITDA)	0.00	15.77	15.51	20.26	23.51	12.98	18.54	9.31
Enterprise Value to EBIT (EV/EBIT)	0.00	32.92	27.61	32.09	32.97	17.83	29.50	11.85
Enterprise Value to NOPAT (EV/NOPAT)	0.00	46.63	29.79	17.39	43.83	22.09	38.03	20.06
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	67.32	43.24	24.74	33.98	23.87	23.81	21.57
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	22.79	0.00	43.83	18.99	26.28	10.79
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.00	8.57	2.08	1.67	1.67	1.29	1.05	0.68
Long-Term Debt to Equity	0.00	8.40	2.04	1.66	1.66	1.22	1.00	0.54
Financial Leverage	0.00	8.44	3.62	1.77	1.61	1.41	1.12	0.82
Leverage Ratio	0.00	12.27	6.02	3.55	3.31	3.02	2.62	2.24
Compound Leverage Factor	0.00	-3.41	0.44	0.31	2.54	2.28	1.53	1.25
Debt to Total Capital	0.00%	89.56%	67.51%	62.59%	62.59%	56.43%	51.32%	40.51%
Short-Term Debt to Total Capital	0.00%	1.84%	1.23%	0.40%	0.40%	3.27%	2.41%	8.20%
Long-Term Debt to Total Capital	0.00%	87.71%	66.28%	62.19%	62.19%	53.16%	48.91%	32.31%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	49.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	-39.47%	32.49%	37.41%	37.41%	43.57%	48.68%	59.49%
Debt to EBITDA	0.00	8.09	5.19	6.19	5.10	4.05	4.95	2.08
Net Debt to EBITDA	0.00	7.87	5.00	5.92	4.88	3.81	4.72	1.95
Long-Term Debt to EBITDA	0.00	7.92	5.09	6.15	5.06	3.82	4.72	1.66
Debt to NOPAT	0.00	23.92	9.96	5.31	9.50	6.90	10.16	4.49
Net Debt to NOPAT	0.00	23.29	9.60	5.08	9.09	6.49	9.68	4.20
Long-Term Debt to NOPAT	0.00	23.43	9.78	5.28	9.44	6.50	9.69	3.58
Altman Z-Score	0.00	0.98	1.74	1.77	2.49	2.04	2.16	2.64
Noncontrolling Interest Sharing Ratio	0.00%	477.87%	118.03%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	0.00	1.73	1.88	1.71	1.71	1.60	1.61	1.07
Quick Ratio	0.00	1.02	1.09	1.05	1.05	0.96	0.95	0.65
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-7,335	672	-2,179	739	1,060	788	1,681
Operating Cash Flow to CapEx	-664.68%	531.83%	686.05%	1,509.42%	858.33%	632.38%	594.26%	565.05%
Free Cash Flow to Firm to Interest Expense	0.00	-14.00	1.31	-3.33	3.22	3.81	2.70	7.32
Operating Cash Flow to Interest Expense	-0.65	0.38	0.69	1.42	4.15	3.03	2.98	3.66
Operating Cash Flow Less CapEx to Interest Expense	-0.75	0.31	0.59	1.33	3.67	2.55	2.48	3.01
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.59	0.61	0.54	0.53	0.55	0.53	0.54
Accounts Receivable Turnover	0.00	6.30	6.29	5.78	6.04	6.16	5.88	6.21
Inventory Turnover	0.00	6.03	5.96	5.45	5.60	5.50	5.29	5.78
Fixed Asset Turnover	0.00	9.80	10.45	10.13	10.47	10.49	9.51	9.39
Accounts Payable Turnover	0.00	7.26	7.37	6.56	6.47	6.49	6.65	6.99
Days Sales Outstanding (DSO)	0.00	57.96	58.01	63.11	60.39	59.29	62.04	58.78
Days Inventory Outstanding (DIO)	0.00	60.56	61.24	66.99	65.18	66.37	69.05	63.19
Days Payable Outstanding (DPO)	0.00	50.30	49.51	55.65	56.44	56.25	54.87	52.21
Cash Conversion Cycle (CCC)	0.00	68.22	69.74	74.44	69.13	69.41	76.22	69.75
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	0.00	7,624	7,466	10,968	10,968	10,820	10,577	9,799
Invested Capital Turnover	0.00	1.54	0.80	0.69	0.67	0.69	0.65	0.67
Increase / (Decrease) in Invested Capital	0.00	7,624	-158	3,502	0.00	-148	-243	-777
Enterprise Value (EV)	0.00	13,497	15,307	23,002	32,404	20,134	20,716	18,134
Market Capitalization	2,898	2,898	10,377	16,280	25,682	14,219	15,442	14,341
Book Value per Share	$0.00	($23.00)	$4.31	$7.26	$6.89	$7.20	$7.77	$8.75
Tangible Book Value per Share	$0.00	($78.39)	($7.92)	($10.87)	($10.31)	($7.31)	($6.27)	($4.32)
Total Capital	0.00	7,732	7,579	11,220	11,220	11,143	10,789	10,013
Total Debt	0.00	6,925	5,117	7,023	7,023	6,288	5,537	4,056
Total Long-Term Debt	0.00	6,782	5,023	6,978	6,978	5,923	5,277	3,235
Net Debt	0.00	6,740	4,930	6,722	6,722	5,915	5,274	3,794
Capital Expenditures (CapEx)	25	38	52	62	111	133	146	149
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	761	854	770	770	990	902	698
Debt-free Net Working Capital (DFNWC)	0.00	946	1,041	1,072	1,072	1,363	1,165	960
Net Working Capital (NWC)	0.00	803	947	1,026	1,026	999	905	139
Net Nonoperating Expense (NNE)	-1.98	376	476	1,206	167	225	224	192
Net Nonoperating Obligations (NNO)	0.00	6,817	5,004	6,771	6,771	5,965	5,324	3,843
Total Depreciation and Amortization (D&A)	111	446	432	419	396	421	415	417
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	12.98%	14.14%	12.04%	10.42%	13.18%	12.94%	10.29%
Debt-free Net Working Capital to Revenue	0.00%	16.13%	17.23%	16.76%	14.51%	18.15%	16.71%	14.15%
Net Working Capital to Revenue	0.00%	13.70%	15.68%	16.05%	13.90%	13.30%	12.98%	2.05%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($2.75)	($2.69)	($0.84)	$0.00	$0.00	$1.02	$0.48	$1.05
Adjusted Weighted Average Basic Shares Outstanding	151.10M	132.70M	572.91M	0.00	0.00	650.90M	675.60M	679.60M
Adjusted Diluted Earnings per Share	($2.75)	($2.69)	($0.84)	$0.00	$0.00	$1.01	$0.47	$1.04
Adjusted Weighted Average Diluted Shares Outstanding	151.10M	132.70M	572.91M	0.00	0.00	679.40M	678.40M	681.90M
Adjusted Basic & Diluted Earnings per Share	($2.75)	($2.69)	($0.84)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	151.10M	132.70M	401.20M	0.00	0.00	674.44M	678.28M	680.90M
Normalized Net Operating Profit after Tax (NOPAT)	-147	289	514	495	739	912	671	904
Normalized NOPAT Margin	-11.81%	4.94%	8.51%	7.74%	10.01%	12.13%	9.62%	13.32%
Pre Tax Income Margin	-36.89%	-1.94%	0.67%	0.97%	10.19%	11.33%	5.89%	12.59%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.79	0.78	1.08	1.10	4.28	4.06	2.41	6.66
NOPAT to Interest Expense	-0.57	0.55	1.00	2.02	3.22	3.28	1.87	3.94
EBIT Less CapEx to Interest Expense	-0.89	0.71	0.98	1.00	3.79	3.58	1.91	6.01
NOPAT Less CapEx to Interest Expense	-0.67	0.48	0.90	1.93	2.73	2.80	1.37	3.29
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	82.80%	55.40%	11.28%	4.72%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	82.80%	55.40%	11.28%	4.72%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Avantor's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.21%	-5.90%	-8.72%	-8.72%	-7.34%	-4.02%	-5.65%	-2.36%	-0.34%	-2.10%
EBITDA Growth	11.02%	11.80%	-21.30%	-53.96%	-18.45%	-17.40%	-25.66%	57.46%	-26.15%	308.84%
EBIT Growth	15.75%	20.21%	-24.84%	-75.13%	-24.27%	-24.53%	-36.41%	140.71%	-40.59%	481.32%
NOPAT Growth	10.88%	42.14%	-25.42%	-79.50%	-24.51%	-26.02%	-39.19%	183.94%	-42.09%	261.75%
Net Income Growth	6.51%	50.74%	-36.19%	-103.90%	-35.09%	-30.49%	-50.29%	1,372.60%	-46.68%	408.02%
EPS Growth	4.17%	66.67%	-35.71%	-103.57%	-36.00%	-30.00%	-50.00%	1,500.00%	-50.00%	421.43%
Operating Cash Flow Growth	-1.37%	-31.69%	44.22%	-26.07%	-10.69%	22.37%	-35.49%	67.12%	6.11%	-31.12%
Free Cash Flow Firm Growth	-162.45%	145.42%	110.30%	107.64%	109.38%	11.87%	25.60%	223.90%	167.10%	235.59%
Invested Capital Growth	27.25%	-1.35%	-1.59%	-1.03%	-0.23%	-2.25%	-3.11%	-3.56%	-3.93%	-7.35%
Revenue Q/Q Growth	-2.83%	-3.31%	-0.82%	-2.04%	-1.36%	0.15%	-2.50%	1.37%	0.68%	-1.62%
EBITDA Q/Q Growth	-1.90%	-8.41%	-4.05%	-46.60%	73.78%	-7.24%	-13.64%	13.12%	-18.49%	413.49%
EBIT Q/Q Growth	-6.01%	-11.60%	-5.85%	-68.21%	186.16%	-11.90%	-20.67%	20.35%	-29.37%	762.01%
NOPAT Q/Q Growth	-9.67%	-7.63%	-11.72%	-72.16%	232.59%	-9.49%	-27.44%	29.99%	-32.17%	465.40%
Net Income Q/Q Growth	-10.89%	-15.15%	-14.26%	-106.01%	1,584.93%	-9.13%	-38.68%	53.81%	-37.78%	765.74%
EPS Q/Q Growth	-10.71%	-20.00%	-10.00%	-105.56%	1,700.00%	-12.50%	-35.71%	55.56%	-42.86%	812.50%
Operating Cash Flow Q/Q Growth	13.54%	-20.40%	6.76%	-23.37%	37.16%	9.06%	-43.72%	98.52%	-12.91%	-29.21%
Free Cash Flow Firm Q/Q Growth	3.67%	117.30%	0.50%	-54.38%	18.27%	106.29%	12.84%	17.65%	-2.47%	159.19%
Invested Capital Q/Q Growth	-2.47%	2.53%	-0.18%	-0.85%	-1.68%	0.46%	-1.05%	-1.32%	-2.06%	-3.11%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	35.05%	34.23%	35.10%	33.83%	33.64%	33.11%	33.96%	34.15%	32.92%	33.37%
EBITDA Margin	20.61%	19.53%	18.89%	10.30%	18.14%	16.80%	14.88%	16.61%	13.44%	70.18%
Operating Margin	14.86%	14.03%	12.99%	4.11%	12.22%	10.64%	8.71%	10.32%	7.27%	37.83%
EBIT Margin	15.00%	13.72%	13.02%	4.23%	12.26%	10.78%	8.77%	10.42%	7.31%	64.04%
Profit (Net Income) Margin	9.00%	7.89%	6.82%	-0.42%	6.30%	5.72%	3.60%	5.46%	3.37%	29.67%
Tax Burden Percent	80.17%	81.11%	77.98%	561.54%	79.41%	82.43%	74.94%	81.06%	77.58%	85.66%
Interest Burden Percent	74.79%	70.96%	67.21%	-1.76%	64.72%	64.32%	54.68%	64.60%	59.46%	54.09%
Effective Tax Rate	19.83%	18.89%	22.02%	0.00%	20.59%	17.57%	25.06%	18.94%	22.42%	14.34%
Return on Invested Capital (ROIC)	9.64%	7.85%	6.83%	1.92%	6.48%	5.71%	4.21%	5.43%	3.73%	21.58%
ROIC Less NNEP Spread (ROIC-NNEP)	8.57%	6.86%	5.88%	0.96%	5.45%	4.78%	3.31%	4.49%	2.95%	20.57%
Return on Net Nonoperating Assets (RNNOA)	10.00%	9.66%	7.81%	1.23%	6.41%	5.34%	3.51%	4.56%	2.76%	16.82%
Return on Equity (ROE)	19.64%	17.50%	14.64%	3.14%	12.89%	11.05%	7.72%	9.99%	6.49%	38.40%
Cash Return on Invested Capital (CROIC)	-14.91%	9.73%	9.42%	7.11%	5.91%	7.37%	7.61%	9.06%	8.87%	16.50%
Operating Return on Assets (OROA)	9.04%	7.53%	7.02%	2.29%	6.66%	5.68%	4.61%	5.52%	3.89%	34.63%
Return on Assets (ROA)	5.42%	4.33%	3.68%	-0.23%	3.42%	3.01%	1.89%	2.89%	1.79%	16.05%
Return on Common Equity (ROCE)	19.64%	17.50%	14.64%	3.14%	12.89%	11.05%	7.72%	9.99%	6.49%	38.40%
Return on Equity Simple (ROE_SIMPLE)	13.91%	0.00%	12.37%	8.44%	7.14%	0.00%	4.87%	6.63%	5.58%	0.00%
Net Operating Profit after Tax (NOPAT)	221	204	180	50	167	151	110	143	97	547
NOPAT Margin	11.91%	11.38%	10.13%	2.88%	9.70%	8.77%	6.53%	8.37%	5.64%	32.41%
Net Nonoperating Expense Percent (NNEP)	1.07%	0.98%	0.95%	0.95%	1.03%	0.93%	0.90%	0.94%	0.78%	1.01%
Return On Investment Capital (ROIC_SIMPLE)	-	1.83%	-	-	-	1.40%	-	-	-	5.46%
Cost of Revenue to Revenue	64.95%	65.77%	64.90%	66.17%	66.36%	66.89%	66.04%	65.85%	67.08%	66.63%
SG&A Expenses to Revenue	20.19%	20.21%	22.11%	20.50%	21.42%	22.47%	25.25%	23.83%	25.65%	22.02%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.19%	20.21%	22.11%	29.72%	21.42%	22.47%	25.25%	23.83%	25.65%	22.02%
Earnings before Interest and Taxes (EBIT)	279	246	232	74	211	186	147	177	125	1,080
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	383	351	336	180	312	290	250	283	231	1,184
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.88	2.93	2.85	2.77	2.79	2.94	3.24	2.65	3.17	2.41
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.73	1.89	1.94	1.93	2.02	2.22	2.52	2.11	2.58	2.11
Price to Earnings (P/E)	22.08	21.47	23.39	32.79	39.11	48.09	66.52	39.98	56.81	20.16
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.53%	4.66%	4.27%	3.05%	2.56%	2.08%	1.50%	2.50%	1.76%	4.96%
Enterprise Value to Invested Capital (EV/IC)	1.81	1.86	1.85	1.82	1.87	1.96	2.14	1.86	2.20	1.85
Enterprise Value to Revenue (EV/Rev)	2.51	2.68	2.73	2.72	2.79	2.97	3.26	2.82	3.26	2.67
Enterprise Value to EBITDA (EV/EBITDA)	12.64	12.98	13.72	15.62	16.66	18.54	21.71	16.96	21.11	9.31
Enterprise Value to EBIT (EV/EBIT)	17.59	17.83	19.02	23.51	25.75	29.50	36.23	26.67	34.95	11.85
Enterprise Value to NOPAT (EV/NOPAT)	22.38	22.09	23.53	29.86	32.82	38.03	47.21	33.68	44.34	20.06
Enterprise Value to Operating Cash Flow (EV/OCF)	20.38	23.87	21.98	22.92	23.83	23.81	28.26	21.26	24.18	21.57
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	18.99	19.53	25.51	31.54	26.28	27.64	20.20	24.28	10.79
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.35	1.29	1.21	1.17	1.10	1.05	1.00	0.94	0.89	0.68
Long-Term Debt to Equity	1.29	1.22	1.15	1.11	1.04	1.00	0.94	0.89	0.84	0.54
Financial Leverage	1.17	1.41	1.33	1.27	1.18	1.12	1.06	1.01	0.94	0.82
Leverage Ratio	2.91	3.02	2.91	2.79	2.67	2.62	2.53	2.47	2.41	2.24
Compound Leverage Factor	2.18	2.14	1.96	-0.05	1.73	1.68	1.38	1.59	1.43	1.21
Debt to Total Capital	57.41%	56.43%	54.82%	54.01%	52.46%	51.32%	49.94%	48.48%	46.98%	40.51%
Short-Term Debt to Total Capital	2.60%	3.27%	2.94%	2.88%	3.13%	2.41%	2.81%	2.45%	2.19%	8.20%
Long-Term Debt to Total Capital	54.80%	53.16%	51.88%	51.12%	49.33%	48.91%	47.13%	46.03%	44.79%	32.31%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	42.59%	43.57%	45.18%	45.99%	47.54%	48.68%	50.06%	51.52%	53.02%	59.49%
Debt to EBITDA	4.09	4.05	4.15	4.71	4.77	4.95	5.16	4.51	4.67	2.08
Net Debt to EBITDA	3.91	3.81	3.95	4.52	4.57	4.72	4.93	4.27	4.40	1.95
Long-Term Debt to EBITDA	3.90	3.82	3.93	4.46	4.49	4.72	4.87	4.28	4.46	1.66
Debt to NOPAT	7.24	6.90	7.12	9.01	9.40	10.16	11.23	8.95	9.82	4.49
Net Debt to NOPAT	6.93	6.49	6.78	8.64	9.01	9.68	10.73	8.48	9.25	4.20
Long-Term Debt to NOPAT	6.91	6.50	6.74	8.52	8.84	9.69	10.60	8.50	9.36	3.58
Altman Z-Score	1.78	1.82	1.84	1.83	1.95	2.03	2.23	2.04	2.28	2.52
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.65	1.60	1.57	1.61	1.60	1.61	1.61	1.59	1.54	1.07
Quick Ratio	0.96	0.96	0.94	0.94	0.93	0.95	0.95	0.96	0.84	0.65
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2,039	353	354	162	191	394	445	524	511	1,324
Operating Cash Flow to CapEx	662.31%	611.90%	783.93%	558.80%	611.94%	497.23%	408.07%	613.76%	600.00%	630.18%
Free Cash Flow to Firm to Interest Expense	-29.04	4.93	4.66	2.16	2.57	5.95	6.66	8.34	10.05	26.85
Operating Cash Flow to Interest Expense	3.68	2.88	2.89	2.24	3.10	3.79	2.12	4.48	4.82	3.52
Operating Cash Flow Less CapEx to Interest Expense	3.12	2.41	2.52	1.84	2.59	3.03	1.60	3.75	4.02	2.96
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.60	0.55	0.54	0.54	0.54	0.53	0.53	0.53	0.53	0.54
Accounts Receivable Turnover	6.31	6.16	5.60	5.77	5.91	5.88	5.71	5.82	6.09	6.21
Inventory Turnover	5.71	5.50	5.34	5.18	5.28	5.29	5.32	5.37	5.56	5.78
Fixed Asset Turnover	11.04	10.49	10.22	10.28	10.08	9.51	9.30	9.40	9.60	9.39
Accounts Payable Turnover	6.80	6.49	6.07	6.32	6.50	6.65	6.81	6.73	6.82	6.99
Days Sales Outstanding (DSO)	57.83	59.29	65.19	63.22	61.75	62.04	63.97	62.70	59.89	58.78
Days Inventory Outstanding (DIO)	63.98	66.37	68.37	70.46	69.17	69.05	68.66	68.00	65.62	63.19
Days Payable Outstanding (DPO)	53.69	56.25	60.16	57.72	56.14	54.87	53.63	54.21	53.52	52.21
Cash Conversion Cycle (CCC)	68.12	69.41	73.40	75.95	74.77	76.22	79.01	76.49	71.99	69.75
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	10,553	10,820	10,801	10,709	10,528	10,577	10,465	10,327	10,114	9,799
Invested Capital Turnover	0.81	0.69	0.67	0.67	0.67	0.65	0.65	0.65	0.66	0.67
Increase / (Decrease) in Invested Capital	2,260	-148	-174	-112	-24	-243	-336	-381	-414	-777
Enterprise Value (EV)	19,134	20,134	20,024	19,515	19,638	20,716	22,383	19,243	22,223	18,134
Market Capitalization	13,211	14,219	14,258	13,867	14,248	15,442	17,295	14,400	17,587	14,341
Book Value per Share	$6.81	$7.20	$7.41	$7.42	$7.54	$7.77	$7.87	$8.00	$8.17	$8.75
Tangible Book Value per Share	($7.45)	($7.31)	($7.07)	($6.78)	($6.40)	($6.27)	($5.90)	($5.61)	($5.35)	($4.32)
Total Capital	10,780	11,143	11,056	10,896	10,726	10,789	10,659	10,550	10,474	10,013
Total Debt	6,188	6,288	6,061	5,884	5,626	5,537	5,323	5,115	4,921	4,056
Total Long-Term Debt	5,908	5,923	5,736	5,570	5,291	5,277	5,024	4,857	4,691	3,235
Net Debt	5,923	5,915	5,767	5,648	5,389	5,274	5,088	4,842	4,636	3,794
Capital Expenditures (CapEx)	39	34	28	30	38	51	35	46	41	28
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,023	990	988	1,027	995	902	943	850	819	698
Debt-free Net Working Capital (DFNWC)	1,289	1,363	1,283	1,263	1,232	1,165	1,178	1,123	1,105	960
Net Working Capital (NWC)	1,008	999	958	949	897	905	879	865	875	139
Net Nonoperating Expense (NNE)	54	63	59	57	59	53	49	50	39	46
Net Nonoperating Obligations (NNO)	5,961	5,965	5,806	5,697	5,429	5,324	5,129	4,892	4,561	3,843
Total Depreciation and Amortization (D&A)	104	104	105	106	101	104	103	105	105	104
Debt-free, Cash-free Net Working Capital to Revenue	13.42%	13.18%	13.46%	14.31%	14.14%	12.94%	13.74%	12.46%	12.01%	10.29%
Debt-free Net Working Capital to Revenue	16.90%	18.15%	17.47%	17.60%	17.51%	16.71%	17.16%	16.45%	16.20%	14.15%
Net Working Capital to Revenue	13.22%	13.30%	13.05%	13.23%	12.74%	12.98%	12.80%	12.67%	12.83%	2.05%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.25	$0.20	$0.18	($0.01)	$0.16	$0.15	$0.09	$0.14	$0.08	$0.74
Adjusted Weighted Average Basic Shares Outstanding	674.10M	650.90M	674.70M	675.30M	676M	675.60M	678.10M	679.40M	680.30M	679.60M
Adjusted Diluted Earnings per Share	$0.25	$0.20	$0.18	($0.01)	$0.16	$0.14	$0.09	$0.14	$0.08	$0.73
Adjusted Weighted Average Diluted Shares Outstanding	679.30M	679.40M	678.10M	675.30M	678.50M	678.40M	681.40M	682.60M	683M	681.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	674.20M	674.44M	675.11M	675.92M	676.39M	678.28M	679.27M	679.84M	680.61M	680.90M
Normalized Net Operating Profit after Tax (NOPAT)	221	204	180	163	167	151	110	143	97	547
Normalized NOPAT Margin	11.91%	11.38%	10.13%	9.33%	9.70%	8.77%	6.53%	8.37%	5.64%	32.41%
Pre Tax Income Margin	11.22%	9.73%	8.75%	-0.07%	7.94%	6.94%	4.80%	6.73%	4.35%	34.64%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.97	3.44	3.05	0.98	2.83	2.80	2.21	2.82	2.47	21.91
NOPAT to Interest Expense	3.15	2.86	2.37	0.67	2.24	2.28	1.64	2.27	1.90	11.09
EBIT Less CapEx to Interest Expense	3.41	2.97	2.68	0.58	2.33	2.04	1.69	2.10	1.66	21.35
NOPAT Less CapEx to Interest Expense	2.59	2.39	2.00	0.27	1.74	1.52	1.12	1.54	1.10	10.53
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	7.61%	4.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	7.61%	4.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Avantor's Financials

When does Avantor's financial year end?

According to the most recent income statement we have on file, Avantor's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Avantor's net income changed over the last 7 years?

Avantor's net income appears to be on an upward trend, with a most recent value of $711.50 million in 2024, falling from -$145.30 million in 2017. The previous period was $321.10 million in 2023.

What is Avantor's operating income?

Avantor's total operating income in 2024 was $1.08 billion, based on the following breakdown:

Total Gross Profit: $2.28 billion
Total Operating Expenses: $1.64 billion

How has Avantor revenue changed over the last 7 years?

Over the last 7 years, Avantor's total revenue changed from $1.25 billion in 2017 to $6.78 billion in 2024, a change of 443.8%.

How much debt does Avantor have?

Avantor's total liabilities were at $6.16 billion at the end of 2024, a 20.2% decrease from 2023, and a 32.4% decrease since 2018.

How much cash does Avantor have?

In the past 6 years, Avantor's cash and equivalents has ranged from $184.70 million in 2018 to $372.90 million in 2022, and is currently $261.90 million as of their latest financial filing in 2024.

How has Avantor's book value per share changed over the last 7 years?

Over the last 7 years, Avantor's book value per share changed from 0.00 in 2017 to 8.75 in 2024, a change of 875.2%.

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This page (NYSE:AVTR) was last updated on 4/25/2025 by MarketBeat.com Staff

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Avantor (AVTR) Financials

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