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Side-by-side financial comparison of Avantor, Inc. (AVTR) and Snowflake Inc. (SNOW). Click either name above to swap in a different company.

Avantor, Inc. is the larger business by last-quarter revenue ($1.7B vs $1.3B, roughly 1.3× Snowflake Inc.). Avantor, Inc. runs the higher net margin — 3.1% vs -24.1%, a 27.3% gap on every dollar of revenue. On growth, Snowflake Inc. posted the faster year-over-year revenue change (100.0% vs -1.4%). Snowflake Inc. produced more free cash flow last quarter ($765.1M vs $117.2M). Over the past eight quarters, Snowflake Inc.'s revenue compounded faster (24.5% CAGR vs -0.5%).

Avantor, Inc. is an American biotechnology, chemicals, and pharmaceutical company headquartered in Radnor, Pennsylvania. Established in 1904 as J.T. Baker, the company changed its name to Avantor in 2010. Avantor went public in 2019 and is now listed on the New York Stock Exchange under the symbol “AVTR”.

Snowflake Inc. is an American cloud-based data platform company founded in San Mateo, California, and headquartered in Bozeman, Montana. It operates a platform that supports data analysis and simultaneous access to data sets with minimal latency. It operates on Amazon Web Services, Microsoft Azure, and Google Cloud Platform.

AVTR vs SNOW — Head-to-Head

Bigger by revenue
AVTR
AVTR
1.3× larger
AVTR
$1.7B
$1.3B
SNOW
Growing faster (revenue YoY)
SNOW
SNOW
+101.4% gap
SNOW
100.0%
-1.4%
AVTR
Higher net margin
AVTR
AVTR
27.3% more per $
AVTR
3.1%
-24.1%
SNOW
More free cash flow
SNOW
SNOW
$647.9M more FCF
SNOW
$765.1M
$117.2M
AVTR
Faster 2-yr revenue CAGR
SNOW
SNOW
Annualised
SNOW
24.5%
-0.5%
AVTR

Income Statement — Q4 FY2025 vs Q4 FY2027

Metric
AVTR
AVTR
SNOW
SNOW
Revenue
$1.7B
$1.3B
Net Profit
$52.4M
$-309.6M
Gross Margin
31.5%
66.8%
Operating Margin
7.6%
8.4%
Net Margin
3.1%
-24.1%
Revenue YoY
-1.4%
100.0%
Net Profit YoY
-89.5%
5.5%
EPS (diluted)
$0.08
$-0.90

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AVTR
AVTR
SNOW
SNOW
Q4 26
$1.3B
Q4 25
$1.7B
$1.2B
Q3 25
$1.6B
$1.1B
Q2 25
$1.7B
$1.0B
Q1 25
$1.6B
$986.8M
Q4 24
$1.7B
$942.1M
Q3 24
$1.7B
$868.8M
Q2 24
$1.7B
$828.7M
Net Profit
AVTR
AVTR
SNOW
SNOW
Q4 26
$-309.6M
Q4 25
$52.4M
$-294.0M
Q3 25
$-711.8M
$-298.0M
Q2 25
$64.7M
$-430.1M
Q1 25
$64.5M
$-327.5M
Q4 24
$500.4M
$-324.3M
Q3 24
$57.8M
$-316.9M
Q2 24
$92.9M
$-317.0M
Gross Margin
AVTR
AVTR
SNOW
SNOW
Q4 26
66.8%
Q4 25
31.5%
67.8%
Q3 25
32.4%
67.5%
Q2 25
32.9%
66.5%
Q1 25
33.8%
66.2%
Q4 24
33.4%
65.9%
Q3 24
32.9%
66.8%
Q2 24
34.1%
67.1%
Operating Margin
AVTR
AVTR
SNOW
SNOW
Q4 26
8.4%
Q4 25
7.6%
-27.2%
Q3 25
-40.0%
-29.7%
Q2 25
7.7%
-42.9%
Q1 25
9.3%
-39.2%
Q4 24
37.8%
-38.8%
Q3 24
7.3%
-40.9%
Q2 24
10.3%
-42.1%
Net Margin
AVTR
AVTR
SNOW
SNOW
Q4 26
-24.1%
Q4 25
3.1%
-24.2%
Q3 25
-43.8%
-26.0%
Q2 25
3.8%
-41.3%
Q1 25
4.1%
-33.2%
Q4 24
29.7%
-34.4%
Q3 24
3.4%
-36.5%
Q2 24
5.5%
-38.3%
EPS (diluted)
AVTR
AVTR
SNOW
SNOW
Q4 26
$-0.90
Q4 25
$0.08
$-0.87
Q3 25
$-1.04
$-0.89
Q2 25
$0.09
$-1.29
Q1 25
$0.09
$-0.98
Q4 24
$0.73
$-0.98
Q3 24
$0.08
$-0.95
Q2 24
$0.14
$-0.95

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AVTR
AVTR
SNOW
SNOW
Cash + ST InvestmentsLiquidity on hand
$365.4M
$4.0B
Total DebtLower is stronger
$3.9B
Stockholders' EquityBook value
$5.6B
Total Assets
$11.8B
$9.1B
Debt / EquityLower = less leverage
0.71×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVTR
AVTR
SNOW
SNOW
Q4 26
$4.0B
Q4 25
$365.4M
$1.9B
Q3 25
$251.9M
$1.9B
Q2 25
$449.4M
$2.2B
Q1 25
$315.7M
$2.6B
Q4 24
$261.9M
$2.1B
Q3 24
$285.3M
$1.3B
Q2 24
$272.6M
$1.3B
Total Debt
AVTR
AVTR
SNOW
SNOW
Q4 26
Q4 25
$3.9B
Q3 25
$3.9B
Q2 25
$4.2B
Q1 25
$4.1B
Q4 24
$4.1B
Q3 24
$4.9B
Q2 24
$5.1B
Stockholders' Equity
AVTR
AVTR
SNOW
SNOW
Q4 26
Q4 25
$5.6B
$2.1B
Q3 25
$5.6B
$2.4B
Q2 25
$6.3B
$2.4B
Q1 25
$6.1B
$3.0B
Q4 24
$6.0B
$2.9B
Q3 24
$5.6B
$4.1B
Q2 24
$5.4B
$4.6B
Total Assets
AVTR
AVTR
SNOW
SNOW
Q4 26
$9.1B
Q4 25
$11.8B
$8.2B
Q3 25
$11.7B
$8.2B
Q2 25
$12.8B
$8.2B
Q1 25
$12.3B
$9.0B
Q4 24
$12.1B
$8.2B
Q3 24
$12.8B
$6.9B
Q2 24
$12.7B
$7.3B
Debt / Equity
AVTR
AVTR
SNOW
SNOW
Q4 26
Q4 25
0.71×
Q3 25
0.69×
Q2 25
0.67×
Q1 25
0.67×
Q4 24
0.68×
Q3 24
0.89×
Q2 24
0.94×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AVTR
AVTR
SNOW
SNOW
Operating Cash FlowLast quarter
$152.7M
$781.2M
Free Cash FlowOCF − Capex
$117.2M
$765.1M
FCF MarginFCF / Revenue
7.0%
59.6%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
2.91×
TTM Free Cash FlowTrailing 4 quarters
$495.0M
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVTR
AVTR
SNOW
SNOW
Q4 26
$781.2M
Q4 25
$152.7M
$137.5M
Q3 25
$207.4M
$74.9M
Q2 25
$154.4M
$228.4M
Q1 25
$109.3M
$432.7M
Q4 24
$173.3M
$101.7M
Q3 24
$244.8M
$69.9M
Q2 24
$281.1M
$355.5M
Free Cash Flow
AVTR
AVTR
SNOW
SNOW
Q4 26
$765.1M
Q4 25
$117.2M
$113.6M
Q3 25
$171.7M
$58.2M
Q2 25
$124.8M
$183.4M
Q1 25
$81.3M
$421.4M
Q4 24
$145.8M
$88.3M
Q3 24
$204.0M
$64.8M
Q2 24
$235.3M
$338.9M
FCF Margin
AVTR
AVTR
SNOW
SNOW
Q4 26
59.6%
Q4 25
7.0%
9.4%
Q3 25
10.6%
5.1%
Q2 25
7.4%
17.6%
Q1 25
5.1%
42.7%
Q4 24
8.6%
9.4%
Q3 24
11.9%
7.5%
Q2 24
13.8%
40.9%
Capex Intensity
AVTR
AVTR
SNOW
SNOW
Q4 26
Q4 25
2.1%
2.0%
Q3 25
2.2%
1.5%
Q2 25
1.8%
4.3%
Q1 25
1.8%
1.1%
Q4 24
1.6%
1.4%
Q3 24
2.4%
0.6%
Q2 24
2.7%
2.0%
Cash Conversion
AVTR
AVTR
SNOW
SNOW
Q4 26
Q4 25
2.91×
Q3 25
Q2 25
2.39×
Q1 25
1.69×
Q4 24
0.35×
Q3 24
4.24×
Q2 24
3.03×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AVTR
AVTR

Laboratory Solutions Segment$1.1B67%
Bioscience Production Segment$547.5M33%

SNOW
SNOW

Product revenue$1.2B96%
Other$57.4M4%

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