Avantor, Inc.

Laboratory Analytical Instruments·RADNOR, PA·FY end 12/31·CIK 1722482

CEO Pay Ratio

148:1

Emmanuel Ligner

CEO Total Comp

$5.9M

Emmanuel Ligner

Median Employee

$47,791

Revenue

$6.6B

FY 2025

Net Income

-$530.2M

FY 2025

Free Cash Flow

$495.0M

FY 2025

Net Margin

-8.1%

Insider Net (180d)

$7.5M

6 buys / 0 sales

CEO Pay Accountability

CEO comp as % of net income

-1.11%

For every $1,000 of profit, $-11.12 flows to the CEO.

CEO comp as % of buybacks

7.85%

CEO comp equals 78.5‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2020	Trend
Revenue	$6.6B	$6.8B	$7.0B	$7.5B	$7.4B
Gross Profit	$2.1B	$2.3B	$2.4B	$2.6B	$2.5B
Operating Income	-$246.2M	$1.1B	$696.4M	$1.1B	$972.2M
Net Income	-$530.2M	$711.5M	$321.1M	$686.5M	$572.6M
Operating CF	$623.8M	$840.8M	$870.0M	$843.6M	$953.6M
Capex	$128.8M	$148.8M	$146.4M	$133.4M	$111.1M
Free Cash Flow	$495.0M	$692.0M	$723.6M	$710.2M	$842.5M
Buybacks	$75.1M	—	—	—	—	—
Dividends	—	—	—	—	—	—

Gross Margin	32.7%	33.6%	33.9%	34.6%	33.9%
Operating Margin	-3.8%	16.0%	10.0%	15.0%	13.2%
Net Margin	-8.1%	10.5%	4.6%	9.1%	7.8%
FCF Margin	7.6%	10.2%	10.4%	9.5%	11.4%
R&D / Revenue	—	—	—	—	—	—
Effective Tax	-20.1%	16.7%	21.8%	19.3%	24.0%
Debt / Equity	1.41	1.22	2.06	2.51	3.34
Buybacks / FCF	15.2%	—	—	—	—	—

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Michael StubblefieldFormer Chief Executive Officer	$1.1M	$8.1M	$2.7M	$1.0M	$39.4K	$13.1M
R. Brent JonesExecutive Vice President and Chief Financial Officer	$653.3K	$4.8M	$750.0K	$272.3K	$39.4K	$6.5M
Corey WalkerPresident Laboratory Solutions	$700.0K	$4.2M	$750.0K	$322.8K	$41.3K	$6.0M
Emmanuel LignerDirector, President and Chief Executive Officer	$379.3K	$2.5M	$2.5M	$330.0K	$186.3K	$5.9M
Benoit GourdierExecutive Vice President Bioscience Production	$550.0K	$3.8M	$625.0K	$215.9K	$30.1K	$5.2M
Claudius SokenuExecutive Vice President, Chief Legal and Compliance Officer	$550.0K	$2.6M	$375.0K	$208.3K	$40.3K	$3.7M