Login

What Do They Do?

Distributes lab supplies and equipment and makes specialty materials for biopharma and healthcare, education and government, and advanced technology customers.

How Do They Make Money?

Customers mainly buy products through purchase orders, with most product sales counted when products are delivered. Service work and certain custom-made products are counted as the work is performed.

revenue
SegmentShareRevenue
Proprietary
Sold outright

53%
FY2022: 54%
Third-party
Sold outright

47%
FY2022: 46%

Who Are Their Customers?

Customers purchase through the VWR distribution channel, while the company also serves them through its global sales force, websites and catalogs.

Do Revenues Turn Into Profits?

Not on paper. It lost $530.2M in FY2025, but brought in more cash than it spent: $495M of free cash flow.

Operating income, FY2025
−4% of revenue
▼ Now a loss vs FY2024 ($1.1B, 16%)
Net income, FY2025
−8% of revenue
▼ Now a loss vs FY2024 ($711.5M, 10%)
Free cash flow, FY2025
8% of revenue
▼ −28% vs FY2024 ($692M, 10%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▲ +1%
vs $1.7B in Q2 FY2025
Net income
▼ −41%
vs $64.7M in Q2 FY2025
Proprietary share of revenue vs 53.1% in Q2 FY2025
  • Jul 29, 2026 Raises full-year organic growth and adjusted EPS guidance
  • Apr 1, 2026 CFO announces planned resignation The company expected its chief accounting officer to serve as interim CFO while it searched for a permanent replacement.

Shrinking. Revenue fell 11% in 4 years, from $7.4B in FY2021 to $6.6B in FY2025, about 3% a year.

Digital purchasing tools The latest report describes AI-based product recommendations and inventory-management tools embedded in customers’ laboratories, beyond the earlier description of online purchasing and digital marketing.

Revenue over time
Proprietary Third-party Services & specialty procurement Equipment & instrumentation
$10B$5B$0

Create Account

Sign up for free to unlock this feature.

Already have an account? Sign in

Premium Feature

This feature requires a premium subscription to unlock unlimited historical data and advanced analysis tools.

Premium includes:

  • Unlimited historical financial data
  • Advanced analytics and insights
  • Priority support