PRGO PERRIGO Co plc

Overview and Growth

In fiscal 2025, PERRIGO Co plc recorded $4.25B of revenue, net loss of $1.43B, and an operating cash inflow of $238.50M. At $4.25B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $4.37B in fiscal 2024, revenue decreased 2.8%, a top-line contraction that reduced operating scale. Diluted earnings per share were -$10.29, translating the period’s attributable earnings into the amount reported for each diluted share. At period end, total assets were $8.54B, framing the scale of the company’s operating and financing commitments. Revenue equaled 0.5x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The first profit layer was $1.49B of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross margin was 35.1%, so that share of each revenue unit remained after the cost of revenue reported for the period. The company recorded an operating loss of $1.12B after the reported operating expense base. An operating margin of -26.4% reflected costs exceeding revenue-level gross profit by 26.4% of sales. After all below-operating-line items, the company recorded a net loss of $1.43B for the fiscal year. Measured against revenue, the bottom-line deficit represented 33.5% after all recognized items. Before income taxes, the company recorded a loss of $1.30B, bridging the operating result to the final net loss. The pretax loss equaled 30.5% of revenue, measuring the pre-tax deficit against sales. Income tax expense totaled $104.40M, providing the reported tax component that separates pretax and after-tax earnings. The net loss equaled 48.6% of period-end equity, showing the deficit relative to book capital. The loss-to-assets relationship was 16.7%, placing the bottom-line deficit against the company’s resource base.

Liquidity and Capital Structure

Total assets were $8.54B, supported by $5.60B of liabilities and $2.94B of shareholder equity. At period end, current assets of $2.80B compared with current liabilities of $1.01B, defining the company’s short-term resource position. At 2.76x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Reported cash and equivalents were $531.60M, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 52.5% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Total debt was $3.64B, establishing the amount of borrowing carried within the company’s capital structure. Debt equaled 1.24x of book equity, describing the relative scale of borrowing and shareholder capital. The debt-to-assets relationship was 42.6%, comparing borrowing with the total asset balance. Liabilities represented 65.6% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 6.2% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $9.65B in fiscal 2024, the current asset base moved 11.5% and finished lower. Against $4.32B of equity in fiscal 2024, the current book-equity balance moved 32.0% and ended lower.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $238.50M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Capital expenditures used $93.40M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital spending absorbed 39.2% of operating cash flow, quantifying the share of cash from operations directed to investment. Free cash flow came to $145.10M, leaving a positive amount after capital expenditures. Free cash flow represented 3.4% of revenue, linking post-investment cash generation with the company’s operating scale. Measured against total assets, free cash flow represented 1.7%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.