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Viatris Inc

VTRS · Pharmaceutical Preparations · 1.16B shares · +24%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $69M (gross $250M, SBC $181M)

Reference price $13.28 · est. market cap ~$15.5B — last insider sale, 2026-03-23 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

C66

Large, cash-generative but declining generics/established-brands pharma with strong FCF offset by negative GAAP margins and no growth.

Strengths

Risks

Notable findings

Quarterly revenue

2025-06-30 · $3.6B2025-09-30 · $3.8B2025-12-31 · $3.7B2026-03-31 · $3.5B

Last 4 quarters · from SEC filings.

Key metrics

Gross margin
35.1%
Operating margin
-18.6%
Net margin
-24.6%
Return on assets
-9.5%
Revenue growth (QoQ)
-5.0%
Net debt / EBITDA
96.5×
Interest coverage
-5.7×
Current ratio
1.4×
Free cash flow
$1.9B
EBITDA
$135M
Cash & investments
$1.4B
Stock comp / revenue
1.2%

Insider transactions · last 18 months

DateInsiderTypeSharesPrice
2026-04-15Le Goff CorinneTax withheld17K$13.86
2026-04-15Le Goff CorinneOption exercise39K
2026-04-15Le Goff CorinneOption exercise3.6K
2026-04-15Le Goff CorinneTax withheld1.6K$13.86
2026-03-23Campbell PaulSell21K$13.28
2026-03-06Mistras TheodoraOption exercise42K
2026-03-06Mistras TheodoraTax withheld23K$14.16
2026-03-06Mistras TheodoraOption exercise2.1K
2026-03-06Mistras TheodoraTax withheld1.1K$14.16
2026-03-06Enrietti AndrewOption exercise19K
2026-03-06Enrietti AndrewTax withheld8.3K$14.16
2026-03-06Enrietti AndrewOption exercise952
2026-03-06Enrietti AndrewTax withheld415$14.16
2026-03-06Campbell PaulOption exercise28K
2026-03-06Campbell PaulTax withheld12K$14.16
2026-03-06Campbell PaulOption exercise1.4K
2026-03-06Campbell PaulTax withheld601$14.16
2026-03-06Smith Scott AndrewOption exercise125K
2026-03-06Smith Scott AndrewOption exercise6.2K
2026-03-06Smith Scott AndrewTax withheld2.4K$14.16
2026-03-06Smith Scott AndrewTax withheld49K$14.16
2026-03-06Le Goff CorinneOption exercise44K
2026-03-06Le Goff CorinneTax withheld20K$14.16
2026-03-06Le Goff CorinneOption exercise2.2K
2026-03-06Le Goff CorinneTax withheld973$14.16
2026-03-06SIMMONS DAVID SOption exercise23K
2026-03-06SIMMONS DAVID SOption exercise524
2026-03-06KILTS JAMES MOption exercise24K
2026-03-06KILTS JAMES MOption exercise1.2K
2026-03-06Vivaldi Coelho RogerioOption exercise24K
2026-03-06Vivaldi Coelho RogerioOption exercise1.2K
2026-03-06SEVERINO MICHAELOption exercise25K
2026-03-06SEVERINO MICHAELOption exercise919
2026-03-06PARRISH MARK WOption exercise24K
2026-03-06PARRISH MARK WOption exercise1.2K
2026-03-06MARK RICHARD AOption exercise24K
2026-03-06MARK RICHARD AOption exercise1.2K
2026-03-06HIGGINS MELINA EOption exercise24K
2026-03-06HIGGINS MELINA EOption exercise1.2K
2026-03-06Groothuis Leo FransOption exercise24K
2026-03-06Groothuis Leo FransTax withheld1.2K$14.16
2026-03-06Groothuis Leo FransOption exercise1.2K
2026-03-06Groothuis Leo FransTax withheld62$14.16
2026-03-06Lyons Dillon JoEllenOption exercise24K
2026-03-06Lyons Dillon JoEllenOption exercise1.2K
2026-03-06DAMELIO FRANK AOption exercise25K
2026-03-06DAMELIO FRANK AOption exercise919
2026-03-06CORNWELL W DONOption exercise24K
2026-03-06CORNWELL W DONOption exercise1.2K
2026-03-06FINNEY ELISHA WOption exercise24K
2026-03-06FINNEY ELISHA WOption exercise1.2K
2026-03-04Smith Scott AndrewOption exercise93K
2026-03-04Smith Scott AndrewTax withheld36K$14.71
2026-03-04Mistras TheodoraOption exercise31K
2026-03-04Mistras TheodoraTax withheld17K$14.71
2026-03-04Mistras TheodoraOption exercise2.9K
2026-03-04Mistras TheodoraTax withheld1.6K$14.71
2026-03-04Le Goff CorinneOption exercise37K
2026-03-04Le Goff CorinneTax withheld16K$14.71
2026-03-04Le Goff CorinneOption exercise3.1K
2026-03-04Le Goff CorinneTax withheld1.4K$14.71
2026-03-04Smith Scott AndrewOption exercise8.7K
2026-03-04Smith Scott AndrewTax withheld3.4K$14.71
2026-03-04Enrietti AndrewOption exercise14K
2026-03-04Enrietti AndrewTax withheld5.9K$14.71
2026-03-04Enrietti AndrewOption exercise1.3K
2026-03-04Enrietti AndrewTax withheld557$14.71
2026-03-04Campbell PaulOption exercise17K
2026-03-04Campbell PaulTax withheld7.5K$14.71
2026-03-04Campbell PaulOption exercise1.6K
2026-03-04Campbell PaulTax withheld706$14.71
2026-03-03Smith Scott AndrewOption exercise136K
2026-03-03Smith Scott AndrewTax withheld53K$14.89
2026-03-03Campbell PaulOption exercise18K
2026-03-03Campbell PaulTax withheld7.9K$14.89
2026-03-03Campbell PaulOption exercise2.6K
2026-03-03Campbell PaulTax withheld1.1K$14.89
2026-03-03Campbell PaulOption exercise170K
2026-03-03Campbell PaulTax withheld74K$14.89
2026-03-03Enrietti AndrewOption exercise12K
2026-03-03Enrietti AndrewTax withheld5.1K$14.89
2026-03-03Smith Scott AndrewOption exercise18K
2026-03-03Smith Scott AndrewTax withheld7.1K$14.89
2026-03-03Enrietti AndrewOption exercise1.7K
2026-03-03Enrietti AndrewTax withheld744$14.89
2026-03-03Enrietti AndrewOption exercise111K
2026-03-03Enrietti AndrewTax withheld48K$14.89
2026-03-03Smith Scott AndrewOption exercise1.3M
2026-03-03Smith Scott AndrewTax withheld506K$14.89
2026-01-01Mistras TheodoraTax withheld13K$12.45
2026-01-01Mistras TheodoraOption exercise23K
2026-01-01Mistras TheodoraOption exercise2.2K
2026-01-01Mistras TheodoraTax withheld1.2K$12.45
2025-11-03SIMMONS DAVID SBuy213$10.43
2025-09-11Le Goff CorinneSell7.0K$10.25
2025-08-27SIMMONS DAVID SBuy286$10.42
2025-08-12Smith Scott AndrewBuy22K$9.99
2025-05-12Smith Scott AndrewBuy60K$8.94
2025-04-15Le Goff CorinneTax withheld855$7.48
2025-04-15Le Goff CorinneOption exercise39K
2025-04-15Le Goff CorinneOption exercise1.8K
2025-04-15Le Goff CorinneTax withheld19K$7.48
2025-03-04FINNEY ELISHA WOption exercise18K
2025-03-04FINNEY ELISHA WOption exercise773
2025-03-04Le Goff CorinneOption exercise37K
2025-03-04Le Goff CorinneTax withheld16K$9.37
2025-03-04Le Goff CorinneOption exercise1.2K
2025-03-04Le Goff CorinneTax withheld521$9.37
2025-03-04Roman BrianOption exercise992
2025-03-04KORMAN HARRYOption exercise18K
2025-03-04KORMAN HARRYOption exercise773
2025-03-04Groothuis Leo FransOption exercise18K
2025-03-04Groothuis Leo FransTax withheld1.2K$9.37
2025-03-04Groothuis Leo FransOption exercise773
2025-03-04Groothuis Leo FransTax withheld50$9.37
2025-03-04CORNWELL W DONOption exercise18K
2025-03-04CORNWELL W DONOption exercise773
2025-03-04Malik RajivOption exercise602
2025-03-04Malik RajivOption exercise780K
2025-03-04Malik RajivTax withheld339K$9.37
2025-03-04KILTS JAMES MOption exercise18K
2025-03-04KILTS JAMES MOption exercise773
2025-03-04MARK RICHARD AOption exercise18K
2025-03-04MARK RICHARD AOption exercise773
2025-03-04Roman BrianOption exercise17K
2025-03-04Roman BrianTax withheld7.5K$9.37
2025-03-04Roman BrianOption exercise2.3K
2025-03-04Roman BrianTax withheld1.0K$9.37
2025-03-04Roman BrianOption exercise23K
2025-03-04Roman BrianTax withheld10K$9.37
2025-03-04Roman BrianTax withheld435$9.37
2025-03-04Roman BrianOption exercise162K
2025-03-04Roman BrianTax withheld71K$9.37
2025-03-04Mistras TheodoraOption exercise31K
2025-03-04Mistras TheodoraTax withheld17K$9.37
2025-03-04Mistras TheodoraOption exercise1.3K
2025-03-04Mistras TheodoraTax withheld732$9.37
2025-03-04Campbell PaulOption exercise18K
2025-03-04Campbell PaulTax withheld7.8K$9.37
2025-03-04Campbell PaulOption exercise2.4K
2025-03-04Campbell PaulTax withheld1.0K$9.37
2025-03-04Campbell PaulOption exercise17K
2025-03-04Campbell PaulTax withheld7.5K$9.37
2025-03-04Campbell PaulOption exercise727
2025-03-04Campbell PaulTax withheld319$9.37
2025-03-04Campbell PaulOption exercise169K
2025-03-04Campbell PaulTax withheld74K$9.37
2025-03-04Vivaldi Coelho RogerioOption exercise21K
2025-03-04Vivaldi Coelho RogerioOption exercise424
2025-03-04Smith Scott AndrewOption exercise93K
2025-03-04Smith Scott AndrewTax withheld36K$9.37
2025-03-04Smith Scott AndrewOption exercise3.9K
2025-03-04Smith Scott AndrewTax withheld1.5K$9.37
2025-03-04PARRISH MARK WOption exercise18K
2025-03-04PARRISH MARK WOption exercise773
2025-03-04Lyons Dillon JoEllenOption exercise18K
2025-03-04Lyons Dillon JoEllenOption exercise773
2025-03-04HIGGINS MELINA EOption exercise18K
2025-03-04HIGGINS MELINA EOption exercise773
2025-03-04Malik RajivOption exercise82K
2025-03-04Malik RajivTax withheld36K$9.37
2025-03-04Malik RajivOption exercise11K
2025-03-04Malik RajivTax withheld4.8K$9.37
2025-03-04Malik RajivOption exercise19K
2025-03-03Campbell PaulOption exercise18K
2025-03-03Campbell PaulOption exercise1.7K
2025-03-03Campbell PaulTax withheld727$9.33
2025-03-03Campbell PaulTax withheld7.9K$9.33
2025-03-03Smith Scott AndrewTax withheld53K$9.33
2025-03-03Smith Scott AndrewOption exercise11K
2025-03-03Smith Scott AndrewTax withheld4.3K$9.33
2025-03-03Malik RajivTax withheld3.3K$9.33
2025-03-03Roman BrianOption exercise17K
2025-03-03Roman BrianTax withheld7.4K$9.33
2025-03-03Roman BrianOption exercise1.6K
2025-03-03Roman BrianTax withheld690$9.33
2025-03-03Malik RajivOption exercise82K
2025-03-03Malik RajivTax withheld37K$9.33
2025-03-03Malik RajivOption exercise7.7K
2025-03-03Smith Scott AndrewOption exercise136K
2025-01-01Mistras TheodoraTax withheld13K$12.45
2025-01-01Mistras TheodoraTax withheld523$12.45
2025-01-01Mistras TheodoraOption exercise23K
2025-01-01Mistras TheodoraOption exercise981

All non-derivative Form 4 activity (SEC), newest first.

Clinical trials

TrialTitlePhaseStatusPrimary completion
NCT07201129 ↗A Research Trial to Assess if Cenerimod is Efficacious and Safe to Treat Active Lupus Nephritis on Top of Regular Treatment
Nephritis, Lupus, Lupus Erythematosus, Systemic
PHASE3Recruiting2029-08-01
NCT06475742 ↗Long-term Safety and Tolerability of Cenerimod in Adults With Systemic Lupus Erythematosus
Lupus Erythematosus, Systemic
PHASE3Enrolling By Invitation2028-05-01
NCT07266090 ↗A Study to Evaluate the Safety,Tolerability,Pharmacokinetics and Pharmacodynamics of Cenerimod in Adult Chinese Participants With Moderate-to-severe Systemic Lupus Erythematosus (SLE)
SLE - Systemic Lupus Erythematosus
PHASE2Active Not Recruiting2027-10-08
NCT04957719 ↗Selatogrel Outcome Study in Suspected Acute Myocardial Infarction
Acute Myocardial Infarction
PHASE3Enrolling By Invitation2026-12-01
NCT05648500 ↗A Research Study to Evaluate the Effects of a New Oral Medicine Called Cenerimod in Adults With Systemic Lupus Erythematosus
Lupus Erythematosus, Systemic
PHASE3Active Not Recruiting2026-10-31
NCT05672576 ↗A Research Study to Evaluate the Efficacy and Safety of Cenerimod in Subjects Suffering From Systemic Lupus Erythematosus
Lupus Erythematosus, Systemic
PHASE3Active Not Recruiting2026-10-31
NCT06052995 ↗Observational Study to Evaluate Use of Elidel® in South and East Asian Pediatric Patients With Atopic Dermatitis.
Mild to Moderate Atopic Dermatitis
Active Not Recruiting2026-10-01
NCT06471088 ↗Safety and Efficacy Evaluation of <Dovprela Tablets 200 mg> by Post-marketing Surveillance
Dovprela
Recruiting2026-06-30
NCT07597473 ↗Dymista in Chinese Adolescents
Allergic Rhinitis Due to Allergens
PHASE4Not Yet Recruiting2027-03-01
NCT07615868 ↗A Trial to Compare What the Body Does to Selatogrel and the Effect of Selatogrel in Chinese Adults With Chronic Coronary Syndrome
Chronic Coronary Syndrome
PHASE1Not Yet Recruiting2026-10-01
NCT07301723 ↗A Trial to Evaluate the Absolute Bioavailability of Cenerimod in Healthy Male Participants
Healthy Subjects
PHASE1Completed2026-03-18
NCT07133191 ↗A Trial to Compare What the Body Does to Selatogrel and the Effect of Selatogrel in Japanese and Caucasian Healthy Participants
Healthy Volunteers
PHASE1Completed2025-11-05
NCT06400511 ↗A Phase 3 Study to Evaluate the Efficacy and Safety of Pimecrolimus 0.3% Ophthalmic Ointment
Blepharitis
PHASE3Terminated2025-09-09
NCT06215859 ↗Study of MR-107A-02 for the Treatment of Acute Postoperative Pain Following Herniorrhaphy
Acute Pain, Post Operative Pain
PHASE3Completed2025-01-31
NCT06215820 ↗Study of MR-107A-02 for the Treatment of Acute Postoperative Pain Following Bunionectomy
Acute Pain, Post Operative Pain
PHASE3Completed2024-08-24
NCT04819464 ↗A Study to Investigate the Effect of Hepatic Impairment on the Pharmacokinetics of a Single Dose of Cenerimod
Healthy, Hepatic Impairment
PHASE1Completed2024-08-18
NCT06273254 ↗A Bioequivalence Study of Sacubitril/Valsartan Film-coated Tablets Under Fasting Conditions
Bioequivalence Study
PHASE1Unknown2024-05-01
NCT06266988 ↗A Bioequivalence Study of Sacubitril/Valsartan Film-coated Tablets Under Fasting Conditions
Chronic Heart Failure
PHASE1Unknown2024-04-01
NCT05004311 ↗The Effect of Severe Kidney Impairment on Cenerimod Pharmacokinetics
Healthy, Renal Impairment
PHASE1Completed2023-07-27
NCT04570436 ↗Evaluating the Abuse Potential of NEURONTIN® When Taken Orally in Healthy Non-drug Dependent Participants With Sedative Drug Abuse Experience
Abuse Potential
PHASE4Completed2022-11-10

Source: ClinicalTrials.gov (U.S. NIH) · active studies first.

Supply chain

Customers (0)

    Named in the 10-K; linked when we track them.

    Notable events (8-K)

    DateItems
    2026-06-18Material agreementDebt obligationExhibitsfiling ↗
    2026-06-15OtherExhibitsfiling ↗
    2026-05-15Shareholder votefiling ↗
    2026-05-07ResultsOtherExhibitsfiling ↗
    2026-05-04Exec/director changeReg FDExhibitsfiling ↗
    2026-02-26Results2.05OtherExhibitsfiling ↗
    2026-02-03Exec/director changefiling ↗
    2025-12-08Reg FDExhibitsfiling ↗

    Recent filings

    FormFiledPeriodAccession
    8-K2026-06-182026-06-170001140361-26-025744 ↗
    8-K2026-06-152026-06-120001140361-26-025228 ↗
    8-K2026-05-152026-05-150001140361-26-021672 ↗
    8-K2026-05-072026-05-070001792044-26-000025 ↗
    10-Q2026-05-072026-03-310001792044-26-000029 ↗
    8-K2026-05-042026-05-010001140361-26-018887 ↗
    8-K2026-02-262026-02-230001792044-26-000010 ↗
    10-K2026-02-262025-12-310001792044-26-000013 ↗
    8-K2026-02-032026-01-290001140361-26-003477 ↗
    8-K2025-12-082025-12-080001140361-25-044706 ↗
    8-K2025-12-052025-12-050001140361-25-044544 ↗
    8-K/A2025-12-052025-08-040001140361-25-044541 ↗