Viatris vs Zoetis
Viatris reported revenue of $14.3 billion in fiscal 2025, 1.5 times Zoetis' $9.5 billion in fiscal 2025. Viatris' revenue fell 3.0% in its latest year, and Zoetis' grew 2.3%. Free cash flow was $1.9 billion at Viatris and $2.3 billion at Zoetis.
Side by side
| Viatris | Zoetis | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $14.3B | $9.5B |
| Revenue growth | −3.0% | 2.3% |
| Revenue growth a year, last 5 years | 3.7% | 7.2% |
| Gross margin | 35.1% | 71.8% |
| Operating margin | −18.6% | — |
| Net margin | −24.6% | 28.2% |
| Free cash flow | $1.9B | $2.3B |
| Free cash flow margin | 13.6% | 24.1% |
| Return on capital | −7.0% | 29.3% |
| Net debt to EBITDA | 96.5x | 1.7x |
| Dividends and buybacks | $500M | $4.1B |
| Change in diluted share count | −1.9% | −2.4% |
| Last close | $18.29 | $80.97 |
| P/E at the last close | — | 13.3× |
| Insider trades, last 12 months | bought $2,222, sold $1.1 million | bought $886,384, sold $2.5 million |
| Piotroski F-score | 4 of 9 | 8 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
ViatrisZoetis
Operating margin
Percent of revenue
ViatrisZoetis
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
ViatrisZoetis