AVTR · NYSE · Medical - Instruments & Supplies

Avantor (AVTR)

Supplies laboratory and bioproduction workflows from research through production.

$15.24
vs last close+0.14 (+0.93%)
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Avantor, Inc.AVTR
Health Care

Provides products and services for life-science and advanced-technology customers from research through production. Its VWR distribution network and bioscience products connect laboratory research with bioproduction.

VWR Distribution & Services combines the laboratory-products and services distribution network added through the VWR acquisition with a renewed VWR commercial focus. Bioscience & Medtech Products brings together bioprocessing, liquid-handling consumables, and fluid-handling capabilities expanded through RIM Bio, Ritter, and Masterflex.

Life-science and advanced-technology customers are served from research through production through an international footprint in more than 30 countries. The modern platform combines the J.T. Baker high-purity-chemicals legacy with distribution and specialized-production capabilities.

The Revival program focuses on go-to-market, VWR relaunch, operations, and e-commerce. Segment presentation moved to VWR Distribution & Services and Bioscience & Medtech Products in 2026.

Company facts

CEOEmmanuel Ligner
ListedMay 17, 2019
ExchangeNYSE
HeadquartersRadnor, PA
CountryUnited States
Employees13,500
CIK0001722482
ISINUS05352A1007

Market cap$10.21B
EPS (ttm)−$0.8392
P/E (ttm)−17.99
ROE-10.3%
P/B1.81
P/S1.56
Dividend yieldDiv yield
Beta0.89vs XLV 0.96

Price target$13.00−13.9%Average of 26 analysts
ConsensusHold16 of 26 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 9, 2026UBSReiterate
Rating: Target: $8
Rating: NeutralTarget: $16
Jul 30, 2026Morgan StanleyReiterate
Rating: Target: $10
Rating: Equal WeightTarget: $14
Jul 30, 2026RBC CapitalReiterate
Rating: Target: $9
Rating: Sector PerformTarget: $14
Jul 30, 2026Deutsche BankReiterate
Rating: Target: $25
Rating: HoldTarget: $13
Jul 29, 2026JefferiesUpgrade
Rating: UnderperformTarget: $8
Rating: HoldTarget: $13

Next report
Nov 4, 26
in 43 days
EPS estimate
$0.21
Revenue estimate
$1.64B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25Apr '25Aug '25Oct '25Feb '26Apr '26Jul '26Nov '26
Reported$0.27$0.23$0.24$0.22$0.22$0.17$0.21Pending
Estimate$0.25$0.23$0.25$0.22$0.21$0.16$0.19$0.21
Surprise+8.0%−0.6%−4.0%−2.1%+4.8%+8.3%+9.7%

RevenueReportedEstimate

Feb '25Apr '25Aug '25Oct '25Feb '26Apr '26Jul '26Nov '26
Reported$1.69B$1.58B$1.68B$1.62B$1.66B$1.58B$1.69BPending
Estimate$1.66B$1.61B$1.65B$1.65B$1.64B$1.54B$1.61B$1.64B
Surprise+1.4%−1.6%+2.3%−1.3%+1.6%+2.5%+5.1%
Estimate$0.21
ReportedDue Nov 4, 2026
Estimate$1.64B
ReportedDue Nov 4, 2026
View details

Debt to equity65.70%
Current ratio178.20%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$1.71B$1.69B$1.58B$1.68B$1.62B$1.66B$1.58B$1.69B
Net income$57.8M$500.4M$64.5M$64.7M−$711.8M$52.4M$43.3M$38.1M
Net margin3.4%29.7%4.1%3.8%0.0%3.1%2.7%2.3%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$124.6M$638.1M$147.4M$128.8M−$648.8M$126.4M$115.0M$121.8M
YoY growth−40.7%+248.1%+0.8%−26.7%Turned loss−80.2%−22.0%−5.4%

Balance sheet, Jun 30, 2026Cash & short-term investments $306.8M · Total debt $3.70B · Total assets $11.60B · Shareholders' equity $5.63B

Revenue
$1.69B
Operating income
$121.8M
Net income
$38.1M
View details

No dividends on record.

Institutions104.24%705.01M shares
470 holders · as of Jun 30, 2026
Insiders0.83%5.58M shares
24 holders · as of Aug 20, 2026
Adds to105.07%

676.36M company shares as of Aug 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

These groups come from separate filings that can overlap, so they add to 105.07%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Dodge & CoxInstitution
17.75%120.02Mas of Jun 30, 2026
BlackRock, Inc.Institution
10.39%70.28Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
4.63%31.34Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
4.55%30.80Mas of Jun 30, 2026
Greenhaven Associates IncInstitution
3.64%24.64Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
May 8, 2026Gregory T. Lucierdirector+10,000$8.32
May 1, 2026Simon Dingemansdirector+25,000$8.14
Mar 10, 2026Sanjeev K. Mehradirector+125,000$8.01
Feb 19, 2026Gregory T. Lucierdirector+50,000$9.16
Feb 12, 2026Gregory L. Summedirector+100,000$9.40
View details

  • Thermo Fisher Scientific

    Broad laboratory distribution, reagents, consumables, and bioprocess overlap

  • Danaher

    Bioprocess filtration, chromatography, and single-use workflow overlap

  • Agilent Technologies

    Analytical laboratory instruments, consumables, software, and services overlap

  • Repligen

    Focused bioprocess filtration, chromatography, and fluid-management overlap

Compare

CompanyPriceChange
Avantor$15.24+0.93%$10.21B17.61.6+0.5%
Thermo Fisher Scientific$662.17+0.52%$244.81B35.425.25.3+10.5%
Danaher$220.95+2.37%$151.67B38.325.06.0+5.5%
Agilent Technologies$165.83+2.40%$45.75B31.925.36.2+8.1%
Repligen$187.09+3.53%$10.20B247.582.913.0+11.9%
Median36.925.36.1+9.3%