Haleon vs Viatris
Haleon and Viatris are similar in size: $14.55bn and $14.30bn of revenue in their latest fiscal years. Haleon grew faster (1.3% against -3.0%). Haleon kept more of each dollar of sales as profit: a net margin of 15.1% against -24.6%. Haleon carries less debt relative to equity (52.4% against 98.0%).
| Latest fiscal year | HaleonHLN, 2025 | ViatrisVTRS, 2025 |
|---|---|---|
| Revenue | $14.55bn | $14.30bn |
| Revenue growth | 1.3% | -3.0% |
| Net income | $2.20bn | −$3.51bn |
| Operating margin | 21.9% | -18.6% |
| Net margin | 15.1% | -24.6% |
| Return on equity | 10.4% | -21.1% |
| Free cash flow | $3.05bn | $1.94bn |
| Cash | $1.78bn | $1.32bn |
| Total debt | $11.58bn | $14.41bn |
| Debt to equity | 52.4% | 98.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $501m |
| Employees | — | 30,000 |
| Market value | $39.59bn | $21.83bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | — | 42 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 1 buys, 2 sales |