Filing Flows › Avantor (AVTR) › Q4 2025
Avantor (AVTR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 11, 2026
Avantor (AVTR) reported revenue of $1.7B for the fourth quarter 2025 (Q4 2025), -1% from a year earlier and +2% from the quarter before. Operating margin was 7.6%, net earnings $52.4M (3.1% of revenue).
Avantor, Q4 2025: revenue $1.7B (-1% year over year), operating margin 7.6%, net earnings $52.4M, operating cash flow $153M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +2% | -1% |
| Gross profit | $524M | -0.5% | -7% |
| Operating profit | $126M | — | -80% |
| Net earnings | $52.4M | — | -90% |
| Operating cash flow | $153M | -26% | -12% |
| Free cash flow | $117M | — | — |
What changed
Revenue was $1.7B in Q4 2025, down 1% year over year and up 2% from the previous quarter. Proprietary was the largest line at 52% of revenue.
Gross margin was 31.5%, down 1.9 points from a year earlier. Operating profit was $0.13B, a 7.6% margin (down 30.2 points year over year). Net earnings were $0.05B, down 90% year over year. The effective tax rate was 35.1%.
Operating cash flow was $0.15B (down 12% year over year), 291% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.01B. After capital expenditures ($0.04B), free cash flow as the company reports it was $0.12B.
Questions
What was Avantor's revenue in the fourth quarter 2025?
Avantor (AVTR) reported revenue of $1.7B for the fourth quarter 2025 (Q4 2025), -1% from a year earlier and +2% from the quarter before.
Was Avantor profitable in the fourth quarter 2025?
Operating profit was $126M (7.6% of revenue) and net earnings $52.4M.
Source: Avantor 10-K on SEC EDGAR.