Filing Flows › Avantor (AVTR) › Q2 2025
Avantor (AVTR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 1, 2025
Avantor (AVTR) reported revenue of $1.7B for the second quarter 2025 (Q2 2025), -1% from a year earlier and +6% from the quarter before. Operating margin was 7.7%, net earnings $64.7M (3.8% of revenue).
Avantor, Q2 2025: revenue $1.7B (-1% year over year), operating margin 7.7%, net earnings $64.7M, operating cash flow $154M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +6% | -1% |
| Gross profit | $554M | +4% | -5% |
| Operating profit | $129M | -13% | -27% |
| Net earnings | $64.7M | +0.3% | -30% |
| Operating cash flow | $154M | +41% | -45% |
| Free cash flow | $125M | — | -47% |
What changed
Revenue was $1.7B in Q2 2025, down 1% year over year and up 6% from the previous quarter. Proprietary was the largest line at 53% of revenue. Proprietary lost $0.02B year over year (down 2%), 104% of the total change.
Gross margin was 32.9%, down 1.2 points from a year earlier. Operating profit was $0.13B, a 7.7% margin (down 2.7 points year over year). Operating expenses grew 5% against a revenue fall of 1%. Net earnings were $0.06B, down 30% year over year. The effective tax rate was 20.8%.
Operating cash flow was $0.15B (down 45% year over year), 239% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.03B. After capital expenditures, net ($0.03B), free cash flow as the company reports it was $0.13B.
Questions
What was Avantor's revenue in the second quarter 2025?
Avantor (AVTR) reported revenue of $1.7B for the second quarter 2025 (Q2 2025), -1% from a year earlier and +6% from the quarter before.
Was Avantor profitable in the second quarter 2025?
Operating profit was $129M (7.7% of revenue) and net earnings $64.7M.
Source: Avantor 10-Q on SEC EDGAR.