Novartis AG

Novartis AG

NVS
Novartis AGUS flagNew York Stock Exchange
159.99
USD
-3.10
- -
304.10BMarket Cap
Novartis AG
NVS
(New York Stock Exchange)

Recent

price

159.99

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
22.56
24.93
21.49
21.6
22.11
20.97
20.79
18.5
19.88
21.25
21.91
19.6
19.93
22.47
25.63
29.23
29.63
Revenue per Share
4.28
3.75
3.83
3.76
4.21
7.4
2.82
3.28
5.44
5.12
3.55
10.71
3.19
7.15
5.92
7.21
6.67
Basic EPS, GAAP
5.18
5.01
4.72
4.01
4.33
3.49
3.61
4.4
5.01
4.96
4.86
5.58
5.5
5.64
6.84
7.86
7.83
Free Cash Flow per Basic Share
1.96
2.25
2.49
2.5
2.81
2.76
2.72
2.77
3
2.9
3.07
3.28
3.44
3.49
3.78
4.03
4.74
Dividend per Share
27.6
27.36
28.56
30.64
29.5
32.46
31.52
32
34.01
24.49
25.08
30.27
28
22.83
22.3
24.18
21.86
Book Value per Share
-0.75
1.63
3.19
6.38
7.35
4.91
5.27
5.36
1.99
0.07
-4.52
1.74
-0.76
-1.74
-3.86
-4.64
-14.36
Tangible Book Value per Share
2,286
2,382
2,418
2,441
2,426
2,403
2,378
2,346
2,319
2,291
2,277
2,243
2,181
2,077
2,018
1,939
1,913
Basic Weighted Avg Shares
51,561
59,375
51,971
52,716
53,634
50,387
49,436
43,404
46,099
48,677
49,898
43,974
43,461
46,660
51,722
56,674
56,693
Sales/Revenue/Turnover
22.35
18.16
22.14
20.83
20.68
17.82
16.72
20.05
18.23
18.67
20.35
22.87
18.28
20.94
28.12
31.13
30.17
Operating Margin (%)
3,419
5,788
4,442
4,405
4,682
5,471
6,043
4,736
5,211
5,826
6,464
5,597
6,705
8,277
6,069
5,325
5,543
Depreciation Expense
9,794
8,940
9,270
9,175
10,210
17,783
6,712
7,703
12,611
11,732
8,072
24,021
6,955
14,850
11,941
13,984
12,757
Net Income, GAAP
14.81
14.05
15.18
13.86
12.59
13.6
14.31
17.61
9.19
20.06
18.29
6.62
15.72
6.04
12.47
14.59
17.88
Effective Tax Rate (%)
18.99
15.06
17.84
17.4
19.04
35.29
13.58
17.75
27.36
24.1
16.18
54.63
16
31.83
23.09
24.67
22.5
Profit Margin (%)
2,027
936
3,953
4,174
10,588
-863
2,722
4,805
5,956
1,240
-3,386
15,510
8,254
4,091
1,012
3,182
-4,397
Working Capital
14,360
13,855
13,781
11,242
13,799
16,327
17,897
23,224
22,470
22,056
27,978
24,523
21,782
20,034
22,934
29,592
39,152
LT Debt
69,769
65,940
69,263
74,472
70,844
77,122
74,891
74,227
78,692
55,551
56,666
67,822
59,423
46,750
44,126
46,549
41,946
Total Equity
11.43
9.94
10.76
10.14
10.26
7.96
7.02
6.98
7
7.25
8.97
9.42
6.96
11.05
16.64
18.61
16.45
Return on Invested Capital (%)
12.44
10.57
11.16
10.64
11.72
19.29
7.42
8.27
12.61
12.69
9.8
25.61
8.2
19.51
17.27
19.04
16.79
Return on Capital (%)
16.24
13.86
13.74
12.79
14.07
24.06
8.84
10.34
16.51
17.5
14.41
38.66
10.95
28.02
26.33
31.01
30.55
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
5,784
7,888
9,862
LT Borrowings
27,935
37,447
37,489
LT Finance Leases
1,657
1,663
1,663
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,908
1,908
1,901
Market Capitalization
263,077
291,461
297,880

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
30,460
26,607
27,351
Cash, Cash Equivalents & STI
11,533
6,977
7,690
Accounts Receivable, Net
8,937
9,386
9,636
Inventories
6,269
6,286
6,220
Total Current Liabilities
27,278
31,374
31,748
Payables & Accruals
9,517
6,129
6,570
ST Debt
5,784
7,888
9,862
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-3.93%
-2.83%
5.49%
Free Cash Flow
6.52%
6.98%
10.42%
Net Income, GAAP
21.56%
47.51%
17.11%
Sales/Revenue/Turnover
1.5%
2.95%
9.57%
Total Cash Common Dividend
1.72%
2.32%
2.54%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
12,120
12,872
13,172
13,558
51,722
2025
13,620
14,836
14,358
13,860
56,674
2026
13,524
14,951
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.32
1.6
1.58
1.42
5.92
2025
1.83
2.07
2.04
1.26
7.21
2026
1.65
1.71
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.55
1.19
- -
- -
3.78
2025
2.71
1.28
- -
- -
4.03
2026
3.25
1.51
- -
- -
- -
Business
Novartis AG (NVS), a Swiss multinational pharmaceutical company headquartered in Basel and founded in 1996 through the merger of Ciba-Geigy and Sandoz, develops, manufactures and markets innovative medicines focused on oncology, immunology, neuroscience, cardiovascular, renal and metabolic diseases; key products include Kisqali (ribociclib) for breast cancer, Cosentyx (secukinumab) for psoriasis and arthritis, Entresto (sacubitril/valsartan) for heart failure, Kesimpta (ofatumumab) for multiple sclerosis, Pluvicto for prostate cancer, Scemblix (asciminib) for leukemia, Leqvio for cholesterol reduction, Zolgensma for spinal muscular atrophy, and radioligand therapies alongside gene and cell therapies like Kymriah (tisagenlecleucel). The company operates globally with major research hubs in Cambridge, Massachusetts, and expanded facilities in the US including a new San Diego research center planned for 2028-2029 and manufacturing investments totaling over $23 billion across 10 sites to achieve 100% end-to-end US production of key medicines by end-2025; it spun off its generics division Sandoz in October 2023 and Alcon eye care in 2019 to sharpen focus on high-value innovative medicines. Recent strategic moves include the October 2025 $12 billion acquisition of Avidity Biosciences to bolster RNA therapeutics for neuromuscular diseases, completion of Tourmaline Bio acquisition for pipeline enhancement, February 2025 purchase of Anthos Therapeutics for $925 million in cardiovascular assets, April 2025 agreement to acquire Regulus Therapeutics for up to $1.7 billion in microRNA therapies, plus licensing deals with Argo Biopharma, Arvinas, Arrowhead Pharmaceuticals and Dren Bio exceeding $17 billion in potential value to offset patent losses and drive 5-6% compound annual sales growth through 2030.

Company News

  • Novartis Shares Fall After Heart Drug Misses Target in Late-Stage Trial

  • Novartis shares down as failed cholesterol drug study increases pipeline pressure

  • A Novartis Heart Drug Trial Stumbles. Can a Rare-Disease Treatment Lift Shares?

  • A highly anticipated cholesterol drug from Novartis failed to reduce the risk of severe cardiovascular outcomes in a Phase 3 study

  • Royalty Pharma announces update on Novartis' Phase 3 topline results for pelacarsen

  • Novartis Says Pelacarsen Heart Disease Drug Missed Primary Endpoint

  • Novartis, Ionis Tumble On Surprise Flop For Heart Drug

  • Ionis, Novartis' key experimental heart drug fails in late-stage trial

  • Ionis partner Novartis announces Lp(a)HORIZON Phase 3 topline results for pelacarsen in patients with elevated Lp(a) and established cardiovascular disease (CVD)

  • RBC backs Oxford BioMedica with 'outperform' rating amid Novartis trial halt

  • Drugmakers quietly halted autoimmune drug trials because of deaths or problematic side effects, raising questions about disclosure around experimental research

  • This $3.2 Billion Novartis Bet Is Not a New Drug. It Is a Better Way to Take One

  • Novartis' Remibrutinib Delivers Positive Results in Late-Stage MS Studies

  • Novartis could cut about 130 jobs in Basel site relocation

  • Panmure Liberum says OxfordBiomedica share fall overdone after Novartis and BMS pause trials

  • Novartis signs deal worth up to $3.2 billion for Alteogen's drug delivery technology

  • Novartis Jumps 6% as MS Drug Meets Goals in Two Phase 3 Trials

  • Novartis' Remibrutinib Shows Promise in Phase III Trials for Multiple Sclerosis

  • Novartis Reported Encouraging Trial Data for a Multiple Sclerosis Drug. The Stock Is Jumping

  • Stock Futures Look to Start September on a Low Note