Novartis AG logo NVSEF - Novartis AG

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STRONG
BUY 1
BUY 4
HOLD 14
SELL 1
STRONG
SELL 0
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Revenue
Revenue 57,126.4 51,722 46,660 51,828 52,877 49,898 48,677 53,166 50,135 49,436 50,387 53,634 58,831 57,561 59,375 51,561 45,103 42,584 38,947 36,749 32,526 28,247 24,864 23,151 19,335 21,832 20,418 23,039.2
Cost of Revenue 14,268.0 12,827 12,020 15,486 15,867 15,121 14,425 18,407 17,175 17,520 17,404 17,345 19,608 18,756 18,983 14,488 12,179 11,439 11,032 10,299 8,868 6,625 5,894 5,441 4,759 6,245 5,229 7,305.2
Gross Profit 42,858.4 38,895 34,640 36,342 37,010 34,777 34,252 34,759 32,960 31,916 32,983 36,289 39,223 38,805 40,392 37,073 32,924 31,145 27,915 26,450 23,658 21,622 18,970 17,710 14,576 15,587 15,189 15,734.0
Operating Expenses
R&D Expenses 11,195.4 10,022 11,371 9,996 9,540 8,980 9,402 9,074 8,972 9,039 8,935 9,086 9,852 9,332 9,583 9,070 7,469 7,217 6,430 5,349 4,846 4,207 3,756 3,099 2,528 2,840 2,670 2,707.1
SG&A Expenses 13,867.8 12,566 12,489 14,253 14,886 14,197 14,369 16,471 14,997 14,192 14,247 14,993 17,609 17,290 18,049 15,797 14,331 14,097 13,259 12,411 11,544 10,413 9,325 8,977 7,656 7,941 6,952 7,681.0
Other Expenses 0 1,763 1,011 (101.2) 269.6 110.4 305.8 199.5 1,036.3 218.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 25,063.2 24,351 24,871 27,145 25,321 24,625 25,166 26,590 24,331 23,648 24,006 25,200 28,313 27,294 29,394 25,547 22,942 22,181 21,134 18,501 16,753 15,083 13,081 12,076 10,184 10,781 10,571 10,388.1
Operating Income
Operating Income 17,795.2 14,544 9,769 9,197 11,689 10,152 9,086 8,169 8,629 8,268 8,977 11,089 10,910 11,511 10,998 11,526 9,982 8,964 6,781 7,949 6,905 6,539 5,889 5,634 4,392 4,806 4,618 5,345.9
Interest Expense 1,237.2 1,005.6 855 860.3 906.9 978.0 925.7 964.0 810.0 706.6 665.6 704 692.2 724 751 692 551 290 237 266 294 261 243 194 218 0 0 0
Interest Income 390.7 550.8 436 389.4 71.2 96.6 251.4 289.9 111.1 41.7 31.7 33 35.4 50 62 103 156 306 423 367 405 388 323 416 379 0 0 0
Profitability
EBITDA 23,958.0 20,715 19,517.8 15,209.1 17,168.4 15,578.0 15,065.0 13,738.8 14,042.3 14,567 14,364 17,658 16,408 16,921 17,094 15,813 12,774 12,459 10,582 10,183 8,782 7,970 7,260 5,904 4,413 5,625 5,558 6,354.7
EBIT 18,379.7 14,646 10,683.3 8,284.1 11,727.9 10,152 9,086 15,027 9,852 8,524 8,977 11,089 11,490 11,960 11,306 12,394 10,473 9,789 7,724 8,260 7,161 6,671 5,977 5,892 4,910 4,884 4,610 5,029.1
Income Before Tax 17,130.0 13,640 9,123 8,371 25,024 9,878 8,940 13,835 8,999 7,817 8,134 12,272 10,735 11,243 10,773 11,702 9,922 9,499 7,487 8,301 7,265 6,908 6,068 6,289 5,108 5,505 5,341 5,792.2
Income Tax Expense 2,498.5 1,701 551 1,416 2,119 1,807 1,793 1,221 1,296 1,119 1,106 1,545 1,443 1,625 1,528 1,733 1,468 1,336 947 1,282 1,124 1,126 1,008 1,065 869 1,110 1,153 1,366.3
Net Income 14,649.3 11,941 14,850 6,955 24,021 8,072 11,732 12,611 7,703 6,712 17,783 10,210 9,175 9,270 8,940 9,794 8,400 8,195 11,946 7,175 6,130 5,365 4,743 4,725 3,836 4,467 4,181 4,367.7
Per Share Data
EPS (Basic) 7.56 5.92 7.63 3.29 10.73 3.76 3.15 5.44 3.28 2.82 7.40 4.21 3.76 3.93 3.75 4.28 3.70 3.62 5.15 3.06 2.63 2.28 1.99 1.88 1.49 1.70 0.62 0.33
EPS (Diluted) 7.49 5.87 7.58 3.27 10.65 3.73 3.12 5.38 3.25 2.80 7.29 4.13 3.70 3.89 3.70 4.26 3.69 3.59 5.13 3.04 2.62 2.27 1.97 1.84 1.49 1.70 0.62 0.33
Shares Outstanding 1,939.0 2,018 2,076.8 2,181.2 2,242.6 2,277.0 2,290.8 2,319 2,346 2,378 2,403 2,426 2,441 2,418.1 2,382 2,286 2,268 2,265 2,317.5 2,345.2 2,332.8 2,355.5 2,380.1 2,515.3 2,571.7 2,632.3 2,624.7 2,739.2
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998
Current Assets
Cash & Cash Equivalents 11,427.5 11,459 13,393 7,517 12,407 9,658 11,112 13,271 8,860 7,007 2,894 2,038 6,083 5,646 5,813 6,727 5,368 3,950 5,060.3
Short-Term Investments 154.9 1,892 680 11,413 15,922 1,905 334 2,693 625 770 14,555 4,079 8,510 7,613 6,762 6,456 7,146 6,319 4,631.5
Net Receivables 10,926.8 9,539 8,121.2 8,940.6 8,816.6 9,073 9,172 9,676 10,070 10,202 10,010 8,573 6,199 5,480 3,707 3,228 3,221 4,429 4,225.3
Inventory 6,264.9 5,710.7 5,913 7,175 6,666 7,131 5,982 6,956 6,867 6,255 5,830 5,792 3,558 3,346 2,971 2,482 2,513 4,331 4,865.6
Other Current Assets 513.7 118.3 1,251.6 2,032 1,721 1,978 2,979 3,234 1,030 0 0 0 691 0 1,275 1,747 1,836 2,782 2,379.4
Total Current Assets 30,440.0 29,704 30,481 36,910 45,718 29,673 29,504 35,563 28,208 24,931 33,691 20,881 24,611 22,273 20,870 20,640 20,084 21,811 21,162.1
Non-Current Assets
Property, Plant & Equipment 12,343.9 10,849.7 10,924 12,195 13,106 13,939 13,746 15,696 16,464 15,641 14,075 13,100 8,497 7,597 6,338 5,468 5,507 7,337 8,237.6
Goodwill 25,550.2 24,756 23,341 29,301 29,595 29,999 26,524 35,294 31,750 30,980 12,039 11,285 1,899 1,477 0 0 0 0 0
Intangible Assets 29,391.7 26,915 26,869.9 31,644 34,182 36,809 28,787 38,719 29,997 31,340 10,331 9,534 3,730 3,231 4,407 3,952 3,555 2,021 4,225.3
Long-Term Investments 2,302.5 1,128 1,827 2,554 3,241 12,533 11,162 10,697 17,613 16,500 18,838 18,894 13,543 12,338 0 0 0 0 4,808.9
Other Non-Current Assets 5,413.4 4,534.3 11,822 1,110 2,210 892 738 895 818 698 1,916 182 0 0 11,345 8,293 6,338 10,043 1,852.5
Total Non-Current Assets 85,053.2 72,542 69,464 80,543 86,077 102,386 88,866 110,000 104,871 105,193 61,814 57,418 29,858 27,044 24,274 19,665 15,400 19,401 19,052.3
Total Assets 115,493.2 102,246 99,945 117,453 131,795 132,059 118,370 145,563 133,079 130,124 95,505 78,299 54,469 49,317 45,144 40,305 35,484 41,212 40,214.4
Current Liabilities
Account Payables 4,453.1 4,572 4,926 5,146 5,553 5,403 5,424 5,556 5,169 4,873 4,012 3,395 2,020 1,665 1,266 1,092 986 1,238 1,117.0
Short-Term Debt 5,521 8,089 6,084 5,931 6,295 9,785 7,031 9,620 5,308 5,905 5,233 4,857 3,822 2,280 2,510 3,062 2,341 4,704 4,415.0
Deferred Revenue 0 127 98 123 123 56 114 236 305 287 90 88 13 14 14 158 0 0 0
Other Current Liabilities 12,805.8 10,396 9,878 11,941 12,936 12,785 10,791 9,630 7,915 7,197 5,541 4,381 1,953 1,722 904 2,175 1,738 5,010 5,015.3
Total Current Liabilities 27,260.1 28,692 26,390 28,656 30,208 33,059 28,264 29,607 23,403 22,209 19,470 16,504 11,078 9,320 8,294 8,587 7,097 10,952 10,547.2
Non-Current Liabilities
Long-Term Debt 29,572.6 21,366 18,436 20,244 22,902 26,259 20,353 22,470 23,224 17,897 8,675 2,178 2,736 3,191 2,736 1,504 1,392 1,537 2,063.2
Deferred Tax Liabilities 8,011.7 2,419 2,248 2,686 3,070 7,422 5,867 7,475 5,168 6,657 4,407 4,144 3,384 3,138 2,828 2,345 2,127 2,293 2,061.8
Other Non-Current Liabilities 2,474.4 4,075 4,523 4,906 6,172 8,815 6,632 8,846 6,467 8,033 623 526 862 766 2,876 2,311 2,344 2,885 2,884.4
Total Non-Current Liabilities 41,714.6 29,428 26,805 29,374 33,765 42,334 34,555 37,264 35,449 33,024 18,573 11,358 9,470 9,478 8,440 6,160 5,863 6,715 7,009.4
Total Liabilities 68,974.7 58,120 53,195 58,030 63,973 75,393 62,819 66,871 58,852 55,233 38,043 27,862 20,548 18,798 16,734 14,747 12,960 17,667 17,556.7
Stockholders' Equity
Common Stock 765.5 791.3 825 890 901 913 936 944 969 972 957 959 1,008 1,017 1,008 871 880 908 1,048.7
Retained Earnings 44,690.7 46,461.1 49,632.2 63,572.5 70,897.5 57,157 59,275 82,191 77,639 81,148 56,562 49,825 32,902 29,533 26,978 22,954 21,682 22,580 21,521.1
Accumulated Other Comprehensive Income 693.5 (3,255) (3,764.7) (4,998.6) (4,181.6) (1,419) (4,657) 77,739 73,299 73,936 56,562 49,468 32,902 29,533 (2,631) (823) 0 0 0
Total Stockholders' Equity 46,099.7 44,046 46,667 59,342 67,655 56,598 55,474 78,614 74,168 74,832 57,387 50,288 33,783 30,429 28,344 25,495 22,477 23,406 22,516.7
Total Liabilities & Equity 115,493.2 102,246 99,945 117,453 131,795 132,059 118,370 145,563 133,079 130,124 95,505 78,299 54,469 49,317 45,144 40,305 35,484 41,212 40,214.4
Debt Metrics
Total Debt 37,008.7 31,258 26,348 27,964 31,093 38,049 29,333 32,090 28,425 23,802 13,908 7,035 6,558 5,471 5,585 4,566 3,696 6,241 6,235.5
Net Debt 25,581.2 19,799 12,955 20,447 18,686 28,391 18,221 18,819 19,565 16,795 11,014 4,997 475 (175) (228) (2,161) (1,672) 2,291 1,175.1
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998
Operating Activities
Net Income 14,649.3 11,939 9,145.2 6,955 24,018 8,071 7,147 12,614 7,703 6,698 6,141 5,767 5,016 5,224 4,239 4,395 4,188 0
Depreciation & Amortization 5,578.3 6,069 8,277 7,181 6,113 6,464 5,826 6,892 6,076 6,043 1,717 1,339 1,283 690 585 918 949 1,008.7
Stock-Based Compensation 0 1,044 865 791 700 738 758 759 683 671 415 0 0 0 0 0 0 0
Change in Working Capital (3,205.6) (706) (369) (1,003) 241 (291) 199 499 244 (77) 872 132 457 (126) 124 (202) (618) (670.1)
Other Non-Cash Items 3,409.9 (2,428) (4,011.2) (1,136) (18,156) (3,139) (2,098) (7,713) (3,381) (2,979) (2,189) (1,639) (1,112) 42 (517) (470) (184) 3,939.0
Operating Cash Flow 20,054.8 17,619 14,458 14,236 15,071 13,650 13,625 14,272 12,621 11,475 8,080 6,725 6,652 5,830 4,431 4,641 4,335 4,277.6
Investing Activities
Capital Expenditure (1,621.6) (3,814) (2,753) (2,671) (2,971) (2,585) (2,257) (3,355) (2,746) (2,879) (1,548) (1,450) (1,543) (1,186) (815) (825) (862) (1,129.4)
Acquisitions (3,133.3) (3,921) (3,544.7) (903) 20,102 (9,964) (3,766) (1,068) (755) (765) (8,866) (1,031) (402) (605) (102) (836) 107 170.8
Purchases of Investments (317.4) (3,547.1) (747) (34,816) (16,594) (2,130) (530) (2,702) (1,048) (777) (4,823) (8,062) (10,923) (7,383) 166 212 (1,104) 0
Sales/Maturities of Investments 2,280.6 3,701 11,596 39,490 2,740 1,215 3,713 639 879 869 7,432 7,011 10,511 7,860 1,553 2,951 180 0
Other Investing Activities 146.7 (2,379.9) 1,230.2 368 931 282 614 895 (499) (906) (37) 132 845 (1,868) (3,457) (1,421) (38) 8.7
Investing Cash Flow (5,109.0) (7,513) 5,596 1,468 4,208 (13,182) (2,226) (5,591) (3,119) (3,441) (7,482) (3,219) (1,298) (3,182) (2,821) (131) (1,897) (949.9)
Financing Activities
Net Debt Issuance 2,840.0 4,390 (1,790.0) (2,399.2) (2,440) 7,072 (3,375) 4,177 4,101 2,055 1,922.9 683 (278) 591 939 (946) (293) (1,652.6)
Stock Repurchased (9,650.3) (8,331) (8,719) (10,652) (3,057) (2,842) (5,533) (2,036) (5,490) (1,109) (231) (1,820) (306) (3,228) (2,322) (722) (1,205) (15.3)
Dividends Paid (8,189.9) (7,624) (7,255) (7,752.3) (7,383.7) (7,419.1) (6,819.5) (6,966) (6,495) (6,475) (2,107) (1,968) (1,724) (1,639) (1,324) (1,259) (1,217) 0
Other Financing Activities (602.4) (177) 3,486.0 (4.8) (3,399) 549 1,926 581 151 215 82.1 314.5 (3,489) 235 2,416 1 (4) (3,423.7)
Financing Cash Flow (15,574.3) (11,742) (14,278) (20,562) (16,264) (2,208) (13,627) (4,244) (7,733) (5,314) (266) (3,124) (5,764) (4,726) (214) (2,900) (2,717) (4,551.6)
Cash Position
Net Change in Cash (6.9) (1,934) 5,876 (4,890) 2,749 (1,454) (2,159) 4,411 1,853 2,333 238 437 (152) (2,149) 1,414 1,537 (233) (1,246.4)
Cash at Beginning 11,434.4 13,393 7,517 12,407 9,658 11,112 13,271 8,860 7,007 4,674 6,083 5,646 5,798 7,962 5,313 3,831 4,183 6,306.7
Cash at End 11,427.5 11,459 13,393 7,517 12,407 9,658 11,112 13,271 8,860 7,007 6,321 6,083 5,646 5,813 6,727 5,368 3,950 5,060.3
Free Cash Flow 18,433.1 13,805 11,705 11,565 12,100 11,065 11,368 10,917 9,875 8,596 6,532 5,275 5,109 4,644 3,616 3,816 3,473 3,148.3
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Income Statement
Revenue 57,126.4 51,722 46,660 51,828 52,877 49,898 48,677 53,166 50,135 49,436 50,387 53,634 58,831 57,561 59,375 51,561 45,103 42,584 38,947 36,749 32,526 28,247 24,864 23,151 19,335 21,832 20,418 23,039.2
Gross Profit 42,858.4 38,895 34,640 36,342 37,010 34,777 34,252 34,759 32,960 31,916 32,983 36,289 39,223 38,805 40,392 37,073 32,924 31,145 27,915 26,450 23,658 21,622 18,970 17,710 14,576 15,587 15,189 15,734.0
Operating Income 17,795.2 14,544 9,769 9,197 11,689 10,152 9,086 8,169 8,629 8,268 8,977 11,089 10,910 11,511 10,998 11,526 9,982 8,964 6,781 7,949 6,905 6,539 5,889 5,634 4,392 4,806 4,618 5,345.9
Net Income 14,649.3 11,941 14,850 6,955 24,021 8,072 11,732 12,611 7,703 6,712 17,783 10,210 9,175 9,270 8,940 9,794 8,400 8,195 11,946 7,175 6,130 5,365 4,743 4,725 3,836 4,467 4,181 4,367.7
EPS (Diluted) 7.49 5.87 7.58 3.27 10.65 3.73 3.12 5.38 3.25 2.80 7.29 4.13 3.70 3.89 3.70 4.26 3.69 3.59 5.13 3.04 2.62 2.27 1.97 1.84 1.49 1.70 0.62 0.33
Balance Sheet
Cash & Equivalents 11,427.5 11,459 13,393 7,517 12,407 9,658 11,112 13,271 8,860 7,007 2,894 2,038 6,083 5,646 5,813 6,727 5,368 3,950 5,060.3
Total Assets 115,493.2 102,246 99,945 117,453 131,795 132,059 118,370 145,563 133,079 130,124 95,505 78,299 54,469 49,317 45,144 40,305 35,484 41,212 40,214.4
Total Debt 37,008.7 31,258 26,348 27,964 31,093 38,049 29,333 32,090 28,425 23,802 13,908 7,035 6,558 5,471 5,585 4,566 3,696 6,241 6,235.5
Stockholders' Equity 46,099.7 44,046 46,667 59,342 67,655 56,598 55,474 78,614 74,168 74,832 57,387 50,288 33,783 30,429 28,344 25,495 22,477 23,406 22,516.7
Cash Flow
Operating Cash Flow 20,054.8 17,619 14,458 14,236 15,071 13,650 13,625 14,272 12,621 11,475 8,080 6,725 6,652 5,830 4,431 4,641 4,335 4,277.6
Capital Expenditure (1,621.6) (3,814) (2,753) (2,671) (2,971) (2,585) (2,257) (3,355) (2,746) (2,879) (1,548) (1,450) (1,543) (1,186) (815) (825) (862) (1,129.4)
Free Cash Flow 18,433.1 13,805 11,705 11,565 12,100 11,065 11,368 10,917 9,875 8,596 6,532 5,275 5,109 4,644 3,616 3,816 3,473 3,148.3