Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.25B | $5.86B | $6.04B | $6.39B | $7.39B | $7.51B | $6.97B | $6.78B | $6.55B |
| Revenue growth | — | 370.1% | 3.0% | 5.8% | 15.5% | 1.7% | -7.3% | -2.6% | -3.4% |
| Gross profit | $433M | $1.82B | $1.92B | $2.08B | $2.50B | $2.60B | $2.36B | $2.28B | $2.14B |
| Gross margin | 34.7% | 31.0% | 31.8% | 32.5% | 33.9% | 34.6% | 33.9% | 33.6% | 32.7% |
| Operating income | -$210M | $414M | $552M | $707M | $972M | $1.13B | $696M | $1.08B | -$246M |
| Operating margin | -16.9% | 7.1% | 9.1% | 11.1% | 13.2% | 15.0% | 10.0% | 16.0% | -3.8% |
| Net income | -$113M | -$86.9M | $37.8M | $117M | $573M | $687M | $321M | $712M | -$530M |
| Net margin | -9.0% | -1.5% | 0.6% | 1.8% | 7.8% | 9.1% | 4.6% | 10.5% | -8.1% |
| EPS (diluted) | -$2.75 | -$2.69 | -$0.84 | $0.09 | $0.85 | $1.01 | $0.47 | $1.04 | -$0.78 |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$168M | $201M | $354M | $930M | $954M | $844M | $870M | $841M | $624M |
| Capital expenditures | $25.2M | $37.7M | $51.6M | $61.6M | $111M | $133M | $146M | $149M | $129M |
| Free cash flow | -$193M | $163M | $302M | $868M | $843M | $710M | $724M | $692M | $495M |
| Share buybacks | — | — | — | — | — | — | $0.00 | $0.00 | $75.1M |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $189M | $185M | $187M | $287M | $302M | $373M | $263M | $262M | $365M |
| Total assets | — | $9.91B | $9.77B | $9.91B | $13.9B | $13.5B | $13.0B | $12.1B | $11.8B |
| Total liabilities | — | $9.10B | $7.31B | $7.23B | $9.70B | $8.61B | $7.72B | $6.16B | $6.23B |
| Long-term debt | — | $6.78B | $5.02B | $4.87B | $6.98B | $5.92B | $5.28B | $3.23B | $3.92B |
| Shareholders' equity | -$2.62B | -$3.05B | $2.46B | $2.67B | $4.20B | $4.86B | $5.25B | $5.96B | $5.57B |
| Retained earnings | — | -$238M | -$204M | -$88.7M | $484M | $1.17B | $1.49B | $2.20B | $1.67B |
| Shares (wtd avg diluted) | — | 133M | 401M | 583M | 600M | 679M | 678M | 682M | 681M |
Every figure is extracted from Avantor, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.