How do Avantor, Inc. and Western Digital compare by revenue?

Avantor, Inc. reported revenue of $1.7B in Q4 FY2025, while Western Digital reported $3.0B in Q2 FY2026. Western Digital is 1.8× larger by last-quarter revenue.

Which is growing revenue faster, Avantor, Inc. or Western Digital?

Avantor, Inc.'s latest revenue grew -1.4% year-over-year, versus 31.5% for Western Digital. Western Digital is growing faster on a YoY basis.

Which has a higher gross margin, Avantor, Inc. or Western Digital?

Avantor, Inc.'s gross margin is 31.5% vs Western Digital's 45.7%. Western Digital converts more of each revenue dollar into gross profit.

Which has a higher net margin, Avantor, Inc. or Western Digital?

Avantor, Inc.'s net margin is 3.1% vs Western Digital's 61.1%. Western Digital has the higher bottom-line margin.

What is the 2-year revenue CAGR for Avantor, Inc. vs Western Digital?

Over the trailing 8 quarters, Avantor, Inc. compounded revenue at roughly -0.5% per year, versus -6.6% for Western Digital. Avantor, Inc. has the faster medium-term growth trajectory.

Where does this AVTR vs WDC data come from?

All figures are parsed directly from SEC EDGAR 10-Q / 10-K / 20-F / 6-K filings (for US-listed issuers) or EDINET filings (for Japanese issuers), then normalised into a common schema. Numbers update automatically as new filings are released.

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

Western Digital is the larger business by last-quarter revenue ($3.0B vs $1.7B, roughly 1.8× Avantor, Inc.). Western Digital runs the higher net margin — 61.1% vs 3.1%, a 57.9% gap on every dollar of revenue. On growth, Western Digital posted the faster year-over-year revenue change (31.5% vs -1.4%). Over the past eight quarters, Avantor, Inc.'s revenue compounded faster (-0.5% CAGR vs -6.6%).

Avantor, Inc.AVTREarnings & Financial Report

NYSE · Industrials · Laboratory Analytical Instruments

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”.

Western DigitalWDCEarnings & Financial Report

Nasdaq · Information Technology · Technology Hardware, Storage & Peripherals

Western Digital Corporation, doing business as WD, is an American data storage company headquartered in San Jose, California. Established in 1970, the company is one of the world's largest manufacturers of hard disk drives (HDDs).

AVTR vs WDC — Head-to-Head

Bigger by revenue

WDC

1.8× larger

$3.0B

$1.7B

Growing faster (revenue YoY)

WDC

+32.9% gap

31.5%

-1.4%

Higher net margin

WDC

57.9% more per $

61.1%

3.1%

Faster 2-yr revenue CAGR

AVTR

Annualised

-0.5%

-6.6%

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric	AVTR	WDC
Revenue	$1.7B	$3.0B
Net Profit	$52.4M	$1.8B
Gross Margin	31.5%	45.7%
Operating Margin	7.6%	30.1%
Net Margin	3.1%	61.1%
Revenue YoY	-1.4%	31.5%
Net Profit YoY	-89.5%	254.2%
EPS (diluted)	$0.08	$4.73

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

WDC

Q1 26	—	$3.0B
Q4 25	$1.7B	$2.8B
Q3 25	$1.6B	—
Q2 25	$1.7B	$-1.2B
Q1 25	$1.6B	$2.3B
Q4 24	$1.7B	$4.3B
Q3 24	$1.7B	$4.1B
Q2 24	$1.7B	$3.8B

Net Profit

AVTR

WDC

Q1 26	—	$1.8B
Q4 25	$52.4M	$1.2B
Q3 25	$-711.8M	—
Q2 25	$64.7M	$282.0M
Q1 25	$64.5M	$520.0M
Q4 24	$500.4M	$594.0M
Q3 24	$57.8M	$493.0M
Q2 24	$92.9M	$39.0M

Gross Margin

AVTR

WDC

Q1 26	—	45.7%
Q4 25	31.5%	43.5%
Q3 25	32.4%	—
Q2 25	32.9%	—
Q1 25	33.8%	39.8%
Q4 24	33.4%	35.4%
Q3 24	32.9%	37.9%
Q2 24	34.1%	35.9%

Operating Margin

AVTR

WDC

Q1 26	—	30.1%
Q4 25	7.6%	28.1%
Q3 25	-40.0%	—
Q2 25	7.7%	—
Q1 25	9.3%	33.1%
Q4 24	37.8%	19.9%
Q3 24	7.3%	18.1%
Q2 24	10.3%	5.7%

Net Margin

AVTR

WDC

Q1 26	—	61.1%
Q4 25	3.1%	41.9%
Q3 25	-43.8%	—
Q2 25	3.8%	-24.4%
Q1 25	4.1%	22.7%
Q4 24	29.7%	13.9%
Q3 24	3.4%	12.0%
Q2 24	5.5%	1.0%

EPS (diluted)

AVTR

WDC

Q1 26	—	$4.73
Q4 25	$0.08	$3.07
Q3 25	$-1.04	—
Q2 25	$0.09	$0.72
Q1 25	$0.09	$1.42
Q4 24	$0.73	$1.63
Q3 24	$0.08	$1.35
Q2 24	$0.14	$0.15

Balance Sheet & Financial Strength

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

Metric	AVTR	WDC
Cash + ST InvestmentsLiquidity on hand	$365.4M	$2.0B
Total DebtLower is stronger	$3.9B	$4.7B
Stockholders' EquityBook value	$5.6B	$7.1B
Total Assets	$11.8B	$15.6B
Debt / EquityLower = less leverage	0.71×	0.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments

AVTR

WDC

Q1 26	—	$2.0B
Q4 25	$365.4M	$2.0B
Q3 25	$251.9M	—
Q2 25	$449.4M	$2.1B
Q1 25	$315.7M	$3.5B
Q4 24	$261.9M	$2.3B
Q3 24	$285.3M	$1.7B
Q2 24	$272.6M	$1.9B

Total Debt

AVTR

WDC

Q1 26	—	$4.7B
Q4 25	$3.9B	$4.7B
Q3 25	$3.9B	—
Q2 25	$4.2B	$4.7B
Q1 25	$4.1B	$7.3B
Q4 24	$4.1B	$7.4B
Q3 24	$4.9B	$7.4B
Q2 24	$5.1B	$7.4B

Stockholders' Equity

AVTR

WDC

Q1 26	—	$7.1B
Q4 25	$5.6B	$5.9B
Q3 25	$5.6B	—
Q2 25	$6.3B	$5.3B
Q1 25	$6.1B	$5.2B
Q4 24	$6.0B	$12.1B
Q3 24	$5.6B	$11.6B
Q2 24	$5.4B	$10.8B

Total Assets

AVTR

WDC

Q1 26	—	$15.6B
Q4 25	$11.8B	$14.4B
Q3 25	$11.7B	—
Q2 25	$12.8B	$14.0B
Q1 25	$12.3B	$16.4B
Q4 24	$12.1B	$25.5B
Q3 24	$12.8B	$24.8B
Q2 24	$12.7B	$24.2B

Debt / Equity

AVTR

WDC

Q1 26	—	0.65×
Q4 25	0.71×	0.80×
Q3 25	0.69×	—
Q2 25	0.67×	0.89×
Q1 25	0.67×	1.42×
Q4 24	0.68×	0.61×
Q3 24	0.89×	0.64×
Q2 24	0.94×	0.69×

Cash Flow & Capital Efficiency

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

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