Novo Nordisk A/S

Novo Nordisk A/S

NOV.DE
Novo Nordisk A/SDE flagDeutsche Börse
43.07
EUR
-0.57
- -
191.34BMarket Cap
Novo Nordisk A/S
NOV.DE
(Deutsche Börse)

Recent

price

43.07

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
10.47
11.73
14.23
15.6
16.94
20.99
22.09
22.58
23.11
25.7
27.2
30.65
39.06
51.81
65.2
69.58
73.76
Revenue per Share
2.48
3.02
3.91
4.7
5.05
6.78
7.5
7.71
7.98
8.2
9.03
10.4
12.26
18.67
22.67
23.06
27.44
Basic EPS, GAAP
2.72
3.19
3.39
4.16
5.22
6.2
7.91
6.57
6.66
7.49
6.4
10.36
14.16
15.62
15.64
6.53
6.95
Free Cash Flow per Basic Share
0.76
1.01
1.41
1.81
2.26
2.51
4.71
3.81
3.94
4.09
4.31
4.68
5.58
7.09
9.91
11.65
11.66
Dividend per Share
6.32
6.67
7.21
7.78
7.97
9.21
9.21
10
11.14
12.28
13.76
15.77
17.89
23.49
32.53
44.07
46.55
Book Value per Share
6.12
6.36
7.14
7.64
7.42
8.72
8.41
9.4
9.65
10.9
9.14
6
7.18
10.3
7.33
14.41
16.46
Tangible Book Value per Share
5,805
5,654
5,483
5,359
5,244
5,142
5,060
4,946
4,839
4,749
4,668
4,594
4,531
4,483
4,454
4,442
4,444
Basic Weighted Avg Shares
60,776
66,346
78,026
83,572
88,806
107,927
111,780
111,696
111,831
122,021
126,946
140,800
176,954
232,261
290,403
309,064
327,800
Sales/Revenue/Turnover
31.08
33.72
37.77
37.68
38.84
45.81
43.33
43.84
42.25
43.01
42.64
41.65
42.28
44.16
44.19
41.3
45.3
Operating Margin (%)
2,467
2,737
2,693
2,799
3,435
2,959
3,193
3,182
3,925
5,661
5,753
6,025
7,362
9,413
19,107
21,982
21,688
Depreciation Expense
14,403
17,097
21,432
25,184
26,481
34,860
37,925
38,130
38,628
38,951
42,138
47,757
55,525
83,683
100,988
102,434
121,957
Net Income, GAAP
21.23
22.02
22.94
22.6
22.33
19.83
20.66
21.67
18.87
19.78
20.69
19.17
19.6
20.05
20.6
21.53
21.66
Effective Tax Rate (%)
23.7
25.77
27.47
30.13
29.82
32.3
33.93
34.14
34.54
31.92
33.19
33.92
31.38
36.03
34.78
33.14
37.2
Profit Margin (%)
18,817
18,812
18,525
17,833
12,604
14,267
12,330
13,024
4,903
3,473
-4,464
-13,921
-12,746
-30,009
-55,826
-43,208
-47,841
Working Capital
504
502
- -
- -
- -
- -
- -
- -
- -
3,009
2,897
12,961
24,318
20,528
89,674
118,941
119,172
LT Debt
36,965
37,448
40,632
42,569
40,294
46,969
45,269
49,815
51,839
57,593
63,325
70,746
83,486
106,561
143,486
194,047
203,065
Total Equity
38.02
43.86
56.42
56.57
60.67
83.38
76.18
73.07
68.92
69.94
60.88
53.92
56.09
64.64
51.89
34.23
36.44
Return on Invested Capital (%)
39.27
44.69
54.64
61.56
62.8
76.79
79.73
77.94
73.3
66.78
61.8
55.25
54.22
70.35
53.84
36.82
41.04
Return on Capital (%)
40.15
45.97
55.49
61.99
63.43
78.21
80.73
79.36
74.74
69.44
68.77
69.87
72.34
89.82
80.73
60.14
70.78
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
12,034
12,017
27,210
LT Borrowings
89,180
111,705
119,172
LT Finance Leases
- -
7,236
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,441
4,443
4,438
Market Capitalization
1,561,717
1,464,520
1,059,554

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
181,883
172,453
177,317
Cash, Cash Equivalents & STI
32,583
26,962
21,626
Accounts Receivable, Net
75,421
70,856
82,565
Inventories
47,504
49,623
51,352
Total Current Liabilities
234,358
215,661
225,158
Payables & Accruals
46,239
161,523
150,202
ST Debt
12,034
12,017
27,210
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.88%
25.45%
35.24%
Free Cash Flow
4.46%
8.88%
-58.38%
Net Income, GAAP
12.21%
20.48%
1.43%
Sales/Revenue/Turnover
11.61%
19.86%
6.43%
Total Cash Common Dividend
17.67%
21.26%
17.27%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
65,349
68,060
71,311
85,683
290,403
2025
78,087
76,857
74,976
79,144
309,064
2026
96,823
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5.7
4.5
6.13
6.35
22.67
2025
6.54
5.96
- -
6.05
23.06
2026
10.93
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6.4
- -
3.5
- -
9.91
2025
7.95
-0.04
- -
- -
11.65
2026
7.95
- -
- -
- -
- -
Business
Novo Nordisk A/S is a global pharmaceutical company specializing in the development, manufacturing, and marketing of healthcare products primarily for diabetes care, obesity, rare bleeding disorders, growth hormone therapy, and hormone replacement therapy. The company’s core products include diabetes medications such as semaglutide marketed under brand names Ozempic and Rybelsus, obesity treatment Wegovy, insulin products including Levemir, Tresiba, NovoLog, and NovoRapid, as well as rare disease therapies like NovoSeven and NovoEight for hemophilia. Additional offerings includeGlucaGen and Zegalogue for hypoglycemia, Sogroya for growth hormone deficiency, and Rivfloza for rare kidney disorders. Novo Nordisk operates across multiple regions worldwide with a strong presence in North America, Europe, and emerging markets, serving a broad base of healthcare providers, hospitals, and governments, with headquarters in Denmark and founding year 1923. In recent years, Novo Nordisk has made several strategic expansions and operational changes. It has reported robust sales growth driven by its obesity care segment, with sales increasing by over 37% in 2025, and ongoing growth in diabetes and rare disease treatments. The company has successfully filed for FDA approval for a higher dose of Wegovy injection (7.2 mg) and advanced its pipeline with the phase 3 development of a first-in-class amylin monotherapy, cagrilintide, for weight management. Novo Nordisk acquired Akero Therapeutics, enhancing its portfolio with a Phase 3 FGF21 analogue for metabolic dysfunction-associated steatohepatitis (MASH), and also acquired Omeros’ MASP-3 inhibitor zaltenibart for rare blood disorders. Partnerships include an expanded R&D collaboration with Ginkgo Bioworks focusing on synthetic biology technologies to improve manufacturing processes and pipeline discovery. Additionally, Novo Nordisk launched its blockbuster diabetes drug Ozempic in India in late 2025 to expand its geographic footprint. The company also entered a technology development partnership with Evotec SE to support stem cell-based therapies development and manufacturing capabilities. Operationally, the company has undergone restructuring initiatives to streamline operations and reinvest in future growth areas, including digital innovation in drug discovery and clinical trial optimization. Novo Nordisk operates primarily in the pharmaceutical industry focusing on therapeutic segments of diabetes care, obesity, rare diseases, and hormone-related treatments. Its customer base includes healthcare professionals, hospitals, national health services, and pharmaceutical distributors across the Americas, Europe, Asia Pacific, and other markets. The company maintains a robust global supply chain and a strategic emphasis on innovation driven by external partnerships and acquisitions to diversify its modality portfolio beyond injectable GLP-1 therapies. Founded in 1923 and headquartered in Bagsværd, Denmark, Novo Nordisk continues to lead in diabetes and obesity therapies while expanding into next generation treatments for rare diseases and metabolic conditions through robust R&D and strategic acquisitions, reinforcing its position as a leading global biopharmaceutical company. This description reflects information up to December 2025 including the latest product approvals, acquisitions, partnerships, and market launches.