Avantor, Inc. (AVTR) intrinsic value & 10-year financials
Avantor, Inc. (AVTR) has a Graham intrinsic value of $34.54 per share. At $16.42 on Oct 17, 2026, the stock trades 52% below that value. Over the last 10 fiscal years revenue grew 23.0% a year to $6.6B, with an average return on invested capital of 6.8%.
- Graham intrinsic value
- $34.54
- Share price (Oct 17, 2026)
- $16.42
- Price vs Graham value
- 52% below
- Market cap
- $11.2B
- Revenue (FY2025)
- $6.6B
- Revenue growth (10-yr CAGR)
- 23.0%
- ROIC (10-yr avg)
- 6.8%
- Free cash flow (FY2025)
- $495.0M
AVTR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $6.6B | -$530.2M | -$0.78 | $495.0M | -3.8% | -2.6% |
| FY2024 | $6.8B | $711.5M | $1.04 | $692.0M | 16.0% | 8.8% |
| FY2023 | $7.0B | $321.1M | $0.47 | $723.6M | 10.0% | 5.0% |
| FY2022 | $7.5B | $686.5M | $1.01 | $710.2M | 15.0% | 8.3% |
| FY2021 | $7.4B | $572.6M | $0.85 | $842.5M | 13.2% | 8.1% |
| FY2020 | $6.4B | $116.6M | $0.09 | $868.2M | 11.1% | 9.5% |
| FY2019 | $6.0B | $37.8M | -$0.84 | $302.4M | 9.1% | 9.1% |
| FY2018 | $5.9B | -$86.9M | -$0.90 | $162.8M | 7.1% | 8.6% |
| FY2017 | $1.2B | -$112.7M | — | -$192.7M | -16.9% | 6.7% |
| FY2016 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Avantor, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Avantor, Inc. has historically struggled to out-earn its cost of capital, averaging just 6.9% ROIC.
Avantor, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Avantor, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $34.54 per share.