Stocktoria

Avantor, Inc. AVTR

NYSE · stock · Laboratory Analytical Instruments · website · IPO 2019-05-17

Avantor, Inc. statistics & valuation

Market cap$7.0B
P / S1.1×
P / B1.3×
P / FCF14.2×
Net margin-8.1%
Return on equity-9.5%
FCF margin7.6%
Net debt$3.6B
Net debt / EBITDA21.8×
Enterprise value USD$10.6B
EV / EBITDA64.6×
Earnings yield EBIT/EV-2.3%
Return on capital-2.4%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
-1.50% 0.60% 1.80% 7.80% 9.10% 4.60% 10.50% -8.10% 20182019202020212022202320242025
Gross margin (%)
31.00% 31.80% 32.50% 33.90% 34.60% 33.90% 33.60% 32.70% 20182019202020212022202320242025
Operating margin (%)
7.10% 9.10% 11.10% 13.20% 15.00% 10.00% 16.00% -3.80% 20182019202020212022202320242025
Return on equity (%)
1.50% 4.40% 13.60% 14.10% 6.10% 11.90% -9.50% 20182019202020212022202320242025
Shares outstanding
132.8M 572.8M 583.4M 609.7M 679.4M 678.4M 681.9M 682.0M 20182019202020212022202320242025
Net debt ($)
$6.74B $4.93B $4.61B $6.72B $5.91B $5.27B $3.79B $3.58B 20182019202020212022202320242025
Share buybacks ($)
20182019202020212022202320242025
Return on assets (%)
-0.90% 0.40% 1.20% 4.10% 5.10% 2.50% 5.90% -4.50% 20182019202020212022202320242025
Free cash flow margin (%)
2.80% 5.00% 13.60% 11.40% 9.50% 10.40% 10.20% 7.60% 20182019202020212022202320242025
Debt / equity (×)
2.08× 1.83× 1.67× 1.29× 1.05× 0.68× 0.71× 20182019202020212022202320242025
EPS ($)
-$2.69 -$0.84 $0.09 $0.85 $1.01 $0.47 $1.04 -$0.78 20182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Avantor, Inc. trades at about 13.4× earnings — below its 10-year norm (10-year range 21.4×–327.7×, median 43.9×).

13.4× 327.7×

Shaded band = 10-year range (21.4×–327.7×); dot = today's 13.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Gross margin32.7%33.6%33.9%34.6%33.9%32.5%31.8%31.0%
Operating margin-3.8%16.0%10.0%15.0%13.2%11.1%9.1%7.1%
Net margin-8.1%10.5%4.6%9.1%7.8%1.8%0.6%-1.5%
FCF margin7.6%10.2%10.4%9.5%11.4%13.6%5.0%2.8%
Return on assets-4.5%5.9%2.5%5.1%4.1%1.2%0.4%-0.9%
Return on equity-9.5%11.9%6.1%14.1%13.6%4.4%1.5%2.8%
Debt / equity0.71×0.68×1.05×1.29×1.67×1.83×2.08×-2.27×
Current ratio1.781.071.611.601.711.801.881.73

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.