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Avantor, Inc.
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$10.8B
Market Cap
—
P/E
7.04
PEG
-2.4%
ROCE
-9.2%
ROE
0.74
D/E
8.0%
OPM
-7.2%
% from 52W High
89
α RS
🔍 AVTR is showing a sector-leadership setup because Sector RRG has Health Care in the Leading quadrant with the trail still weakening further, it matches 2 of 39 tracked screener presets, RS Rating is 89, and it has maintained a 35-day Near 52-Week High momentum persistence. Net: Broad signal stack, not a recommendation. ? RRG Conviction RS Rating Momentum Streaks
Sources
Health Care in Leading quadrant · Conviction 2/39 · RS Rating 89 · Near 52-Week High streak: 35d
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🌏 Global Investor Returns
Currency-adjusted total returns for AVTR including FX impact
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📈 Price History
Ratio Health
— Excellent
— Good
— Average
— Poor
By Category
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About

Avantor, Inc. engages in the provision of mission-critical products and services to customers in the biopharma, healthcare, education and government, advanced technologies, and applied materials industries in the Americas, Europe, Asia, the Middle East, and Africa. The company offers materials and consumables, such as purity chemicals and reagents, lab products and supplies, formulated silicone materials, customized excipients, customized single-use assemblies, process chromatography resins and columns, analytical sample prep kits, education and microbiology products, clinical trial kits, and fluid handling tips. It also provides equipment and instrumentation products, including filtration systems, virus inactivation systems, incubators, analytical instruments, evaporators, ultra-low-temperature freezers, biological safety cabinets, peristaltic pumps, and critical environment supplies. In addition, the company offers services and specialty procurements comprising onsite lab and production, equipment, procurement and sourcing, and biopharmaceutical material scale-up and development services. Further, it provides scientific research support services, such as DNA extraction, bioreactor servicing, clinical and biorepository, compound management, cleanroom control, monitoring, maintenance, and sanitization services. The company was founded in 1904 and is headquartered in Radnor, Pennsylvania.

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📈 Growth Pattern
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3-Statement Financial Model
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📊 MIXED Avantor Q1 2026 revenue $1.581B, down 4% organically; Revival driving stabilization.
Revenue & Profitability
Total revenue was $1.581 billion, down 4% organically. VWR revenue $1.15 billion (down 5% organic), BMP revenue $431 million (down 2% organic). Adjusted EBITDA was $219 million (13.9% margin). Adjusted EPS was $0.17. Free cash flow was $25 million ($39 million excluding restructuring). The company repaid $105 million of debt; adjusted net leverage was 3.3x.
Outlook
Management believes VWR growth reached a trough in Q1 and BMP will bottom in Q2, positioning Avantor for positive organic revenue growth in the second half of 2026. The biopharma market is healthy, especially in bioproduction, while academic/government markets are stable but at low activity levels. European industry conditions are soft; U.S. winter weather trimmed VWR revenue by about 50 basis points.
Growth Drivers
Key growth drivers include process chemicals (double-digit organic growth in Q1 with strong order book), the VWR e-commerce platform upgrades, and improved commercial execution under Revival. The company reported a book-to-bill above 1.1x for the entire BMP segment, with particular strength in process chemicals. New leadership in operations, procurement, and digital are expected to accelerate growth.
Balance Sheet & CapEx
Avantor established a CapEx council that sanctioned 12 projects in Q1, including an automation project at a North American facility to improve throughput and reduce costs. The company previously announced $20 million of incremental investment for Revival-related initiatives. Specific full-year CapEx guidance was not provided, but projects are focused on Lean-driven productivity improvements.
Margins
Q1 adjusted EBITDA margin was 13.9%. VWR segment margin was 9.2% (down on volume and net price capture); BMP margin was 23.8% (down on inventory provisions, volume, mix). Management expects sequential margin improvement in Q2 due to seasonal patterns and Revival productivity initiatives. The full-year guidance incorporates an incremental $10-$20 million headwind from Middle East inflationary pressures.
Key Risks
Management flagged inflationary headwinds from the Middle East conflict ($10-$20 million impact), which are incorporated in guidance. European market softness and adverse winter weather impacted VWR. Idiosyncratic customer ordering patterns in NuSil, serum, and electronic materials create challenging comps for BMP in Q2. Prebate payments to large customers affected Q1 free cash flow. The CFO transition is a personnel risk.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-29
Q2 results exceeded expectations with VWR returning to organic growth and BMP stabilizing. Strong free cash flow enabled debt reduction, and 2026 guidance for revenue and EPS was raised. Revival initiatives are driving operational improvements and sustainable momentum.
Q1 2026 Q1 2026 2026-04-29
Q1 2026 results exceeded expectations with stabilization in VWR and strong BMP order trends. Guidance for the year is reaffirmed despite inflationary headwinds, with organic revenue growth expected in the second half as Revival initiatives drive operational improvements.
Q4 2025 Q4 2025 2026-02-11
Q4 and full-year 2025 results met guidance, with revenue and margins down year-over-year amid a major business reorganization and the launch of the Revival transformation program. 2026 is set as a transition year with investments in digital, operations, and customer focus, while margins are expected to contract due to mix and strategic spending.
Q3 2025 Q3 2025 2025-10-29
Q3 revenue declined 5% year-over-year, with continued margin pressure and operational headwinds. The new CEO launched a turnaround plan focused on simplification, investment, and accountability, while a $500 million share repurchase was authorized to signal long-term confidence.
Q2 2025 Q2 2025 2025-08-01
Q2 revenue was flat year-over-year with margin pressure from competitive pricing and customer headwinds. Guidance was lowered for full-year revenue and margins, but significant contract wins and digital initiatives are expected to drive future growth.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
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Information Sources:
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