Forensic Analysis · Healthcare / Pharmaceuticals / Biotech · as of Jun 27, 2026
Viatris Inc (VTRS)
A forensic read on Viatris Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Distress
Financial health
0.7
Altman Z-score
Clean
Earnings quality
3
Forensic signals
-2.0%
ROE
$19.0B
Market cap
3.09%
Dividend yield
Viatris Inc earns a C (Mixed — selective) forensic quality grade, and its Altman Z-score is 0.7, placing it in the Distress zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-7%Return on invested capital.Return on invested capital is -7% and slipping from 3% — well below its ~10% cost of capital, so reinvested dollars may be destroying value, not building it.
+33.6%/yrShare-count dilution.Diluted share count changed +101% over the last 3 years to FY2023 (+33.6%/yr). The count is GROWING — existing holders are being diluted. That's ~33.6% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2020 has been diluted ~101%.
$4.0BGoodwill impairments.Took $4.0B of goodwill writedowns across 4 year(s) (FY2023 ($580M), FY2024 ($321M), FY2025 ($2.9B)). Writedowns mean past acquisitions underperformed what was paid for them — worth weighing on capital-allocation skill.
Key fundamentals
Net Margin-24.6%
Debt / Equity0.98x
Free Cash Flow$1.94B
Latest Revenue$14.30B
Return on Equity-23.9%
Revenue Growth YoY-3.0%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Viatris Inc:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about VTRS's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown