| __timestamp | Taro Pharmaceutical Industries Ltd. | Viatris Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 580006000 | 3669400000 |
| Thursday, January 1, 2015 | 676585000 | 4382200000 |
| Friday, January 1, 2016 | 778966000 | 4998500000 |
| Sunday, January 1, 2017 | 671251000 | 4976200000 |
| Monday, January 1, 2018 | 463508000 | 4572000000 |
| Tuesday, January 1, 2019 | 445724000 | 4444200000 |
| Wednesday, January 1, 2020 | 399725000 | 3796700000 |
| Friday, January 1, 2021 | 296656000 | 5575500000 |
| Saturday, January 1, 2022 | 293122000 | 6497000000 |
| Sunday, January 1, 2023 | 268323000 | 6438600000 |
| Monday, January 1, 2024 | 304979000 |
Cracking the code
In the ever-evolving pharmaceutical industry, understanding financial health is crucial. This analysis compares the gross profit trends of Viatris Inc. and Taro Pharmaceutical Industries Ltd. from 2014 to 2023. Viatris Inc. consistently outperformed Taro, with gross profits peaking at approximately $6.5 billion in 2022, a remarkable 77% increase from 2014. In contrast, Taro's gross profit saw a decline, dropping by 54% over the same period, from a high of $779 million in 2016 to $268 million in 2023. Notably, Viatris experienced a significant surge in 2021, with a 47% increase from the previous year, while Taro's profits continued to dwindle. The data for 2024 is incomplete, highlighting the need for ongoing analysis. This comparison underscores the dynamic nature of the pharmaceutical sector and the importance of strategic financial management.
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