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Novartis AG NVS

$143.33
+$0.62 (+0.44%)
Market open · Sep 24, 2:00 pm ET
After hours $142.05 -0.46%
Open$143.06
Prev close$142.71
Day range$142.91 – $144.65
Volume1.30M
Market cap$272.44B
P/E (TTM)21.7
Dividend yield3.31%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$14.95B+0.8% YoY
Operating profit$4.75B-2.3% YoY
Net profit$3.26B-19.1% YoY
Diluted EPS$1.71-17.0% YoY
Free cash flow$5.12B-16.1% YoY
Operating cash flow$5.88B

Revenue, last 8 quarters

$13.2BSep '24$13.6BDec '24$13.6BMar '25$14.8BJun '25$14.4BSep '25$13.9BDec '25$13.5BMar '26$15.0BJun '26

Net profit, last 8 quarters

$3.2BSep '24$2.8BDec '24$3.6BMar '25$4.0BJun '25$3.9BSep '25$2.4BDec '25$3.2BMar '26$3.3BJun '26

Diluted EPS by quarter

1.57Sep '241.41Dec '241.82Mar '252.06Jun '252.02Sep '251.25Dec '251.65Mar '261.71Jun '26

Free cash flow by quarter

$5.5BSep '24$3.1BDec '24$2.2BMar '25$6.1BJun '25$5.7BSep '25$1.2BDec '25$2.9BMar '26$5.1BJun '26

Annual revenue

$49.9BFY20$44.0BFY21$43.5BFY22$46.7BFY23$51.7BFY24$56.7BFY25

Profitability & balance sheet

Gross margin74.7%
Operating margin30.2%
Net margin22.5%
Return on equity30.5%
Return on assets11.3%
Return on invested capital16.8%
Current ratio0.86
Liabilities / assets65.6%
Cash & investments$7.69B
Total debt$48.74B
Net cash (debt)-$41.05B
Free cash flow / sales26.4%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Operating Revenue $14.95B $13.52B $56.67B $13.86B $14.36B
Cost of Revenue $3.71B $3.46B $13.70B $3.61B $3.54B
Gross Profit $11.24B $10.07B $42.98B $10.25B $10.82B
Operating Expense $6.49B $5.83B $25.33B $6.63B $6.32B
Selling and Admin Expenses $3.24B $3.14B $13.25B $3.44B $3.31B
Research & Development $2.85B $2.74B $11.20B $3.16B $2.94B
Other Operating Expenses $403.00M -$50.00M $883.00M $30.00M $66.00M
Operating Profit $4.75B $4.24B $17.64B $3.62B $4.50B
Net Non-Operating Interest Income (Expense) -$479.00M -$393.00M -$980.00M -$96.00M -$301.00M
Non-Operating Interest Expense $462.00M $343.00M $1.14B $304.00M $281.00M
Total Other Finance Costs $17.00M $50.00M $209.00M $165.00M $20.00M
Other Income (Expense) -$2.00M -$3.00M -$312.00M -$302.00M -$4.00M
Earnings from Equity Interest -$2.00M -$3.00M -$12.00M -$2.00M -$4.00M
Pretax Profit $4.27B $3.84B $16.35B $3.22B $4.20B
Tax $1.01B $683.00M $2.39B $814.00M $266.00M
Net Profit $3.26B $3.16B $13.97B $2.40B $3.93B
Profit from Continuing Operations $3.26B $3.16B $13.97B $2.40B $3.93B
Minority Interests -$7.00M $0.00 -$17.00M -$5.00M $2.00M
Net Income to Parent Company $3.26B $3.16B $13.98B $2.41B $3.93B
Net Income to Common Stockholders $3.26B $3.16B $13.98B $2.41B $3.93B
Basic EPS $1.71 $1.65 $7.21 $1.26 $2.04
Diluted EPS $1.71 $1.65 $7.15 $1.25 $2.02
Dividend Per Share $0.00 $4.74 $3.99 $0.00 $0.00
Non-Operating Interest Income – – $373.00M – –
Gain on Sale of Security – – -$300.00M – –

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $122.03B $118.53B $110.95B $110.95B $107.29B
Total Current Assets $27.35B $26.61B $30.46B $30.46B $28.20B
Cash and Cash Equivalents & Short-Term Investments $7.69B $6.98B $11.53B $11.53B $9.75B
-Cash and Cash Equivalents $7.62B $6.88B $11.44B $11.44B $9.56B
-Short Term Investments $74.00M $100.00M $98.00M $98.00M $197.00M
Receivables $9.85B $9.60B $10.93B $10.93B $8.98B
-Accounts Receivable $9.64B $9.39B $8.94B $8.94B $8.84B
-Taxes Receivable $218.00M $216.00M $755.00M $755.00M $140.00M
Inventory $6.22B $6.29B $6.27B $6.27B $6.42B
Other Current Assets $3.59B $3.74B $514.00M $514.00M $3.04B
Total Non-Current Assets $94.68B $91.93B $80.49B $80.49B $79.09B
Net PPE $12.27B $12.24B $12.35B $12.35B $11.99B
-Gross PPE $12.27B $12.24B $25.08B $25.08B $11.99B
Investments and Advances $2.37B $2.43B $1.09B $1.09B $2.15B
-Long Term Equity Investment $69.00M $100.00M $98.00M $98.00M $85.00M
Goodwill and Other Intangible Assets $68.84B $67.03B $54.98B $54.98B $54.59B
-Goodwill $26.77B $26.82B $25.57B $25.57B $25.55B
-Other Intangible Assets $42.07B $40.21B $29.41B $29.41B $29.04B
Non-Current Deferred Assets $5.28B $5.25B $5.98B $5.98B $5.58B
Other Non-Current Assets $5.93B $4.98B $509.00M $509.00M $4.78B
Total Liabilities $80.09B $79.61B $64.40B $64.40B $62.54B
Total Current Liabilities $31.75B $31.37B $27.28B $27.28B $32.00B
Payables $6.57B $6.13B $7.04B $7.04B $7.90B
-Accounts Payable $4.26B $4.32B $4.46B $4.46B $4.56B
-Total Tax Payable $2.31B $1.81B $2.58B $2.58B $3.34B
Short-Term Debt and Capital Lease Obligation $9.86B $7.89B $5.78B $5.78B $7.78B
-Current Debt $9.59B $7.62B $5.52B $5.52B $7.52B
-Current Capital Lease Obligation $274.00M $271.00M $263.00M $263.00M $264.00M
Other Current Liabilities $15.32B $17.36B $296.00M $296.00M $16.32B
Total Non-Current Liabilities $48.34B $48.23B $37.12B $37.12B $30.54B
Long Term Debt and Capital Lease Obligation $39.15B $39.11B $29.59B $29.59B $24.24B
-Long Term Debt $37.49B $37.45B $27.94B $27.94B $22.60B
-Long Term Capital Lease Obligation $1.66B $1.66B $1.66B $1.66B $1.64B
Non-Current Deferred Liabilities $5.29B $5.10B $3.40B $3.40B $2.17B
Other Non-Current Liabilities $3.90B $4.02B $957.00M $957.00M $4.13B
Total Equity $41.95B $38.93B $46.55B $46.55B $44.75B
Stockholders' Equity $41.54B $38.51B $46.13B $46.13B $44.33B
Capital Stock $736.00M $736.00M $766.00M $766.00M $766.00M
-Common Stock $736.00M $736.00M $766.00M $766.00M $766.00M
Retained Earnings $39.65B $37.25B – – $43.51B
Less: Treasury Stock $49.00M $47.00M $50.00M $50.00M $44.00M
Gains/Losses Not Affecting Retained Earnings $1.21B $571.00M $45.41B $45.41B $98.00M
Minority Interests $404.00M $415.00M $419.00M $419.00M $422.00M
-Other Receivables – – $1.24B $1.24B –
Prepaid Assets – – $1.15B $1.15B –
-Accumulated Depreciation – – -$12.73B -$12.73B –
-Available for Sale Securities – – $465.00M $465.00M –
Non Current Accounts Receivables – – $1.36B $1.36B –
Defined Pension Benefit – – $4.23B $4.23B –
Current Accrued Expenses – – $2.48B $2.48B –
Current Provisions – – $9.43B $9.43B –
Non-Current Liabilities – – $612.00M $612.00M –
Employee Benefits – – $2.56B $2.56B –

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $5.88B $3.68B $19.14B $2.26B $6.57B
Net cash flow from continuing operations $5.88B $3.68B $19.14B $2.26B $6.57B
Net Income from Continuing Operations $3.26B $3.16B $13.97B $2.40B $3.93B
Gain/Loss from Continuing Operations -$245.00M -$156.00M $128.00M $82.00M $85.00M
Depreciation & Depletion & Amortization $1.40B $1.23B $5.33B $1.55B $1.36B
Deferred Tax $1.01B $683.00M $2.39B $814.00M $266.00M
Other Non-Cash Items $179.00M $104.00M $19.00M -$373.00M -$54.00M
Change in Working Capital $232.00M -$787.00M -$1.58B -$1.59B $1.34B
-Change in Receivables -$256.00M -$504.00M -$1.12B -$94.00M $180.00M
-Change in Inventory $30.00M -$95.00M $34.00M $151.00M -$128.00M
-Change in Payables and Accrued Expense -$184.00M -$53.00M -$273.00M $102.00M -$60.00M
-Change in Other Current Assets $22.00M $346.00M -$461.00M -$601.00M $392.00M
-Change in Other Current Liabilities $620.00M -$481.00M $247.00M -$1.15B $952.00M
Net cash flow from investing -$3.11B -$11.74B -$4.88B -$2.10B -$860.00M
Net Cash Flow from Continuing Investing Activities -$3.11B -$11.74B -$4.88B -$2.10B -$860.00M
Net PPE Purchase and Sale -$295.00M -$341.00M -$1.54B -$608.00M -$353.00M
Net Intangibles Purchase and Sale -$437.00M -$461.00M -$2.19B -$296.00M -$425.00M
Net Business Purchase and Sale -$2.68B -$12.04B -$3.00B -$1.16B -$160.00M
Net Investment Purchase and Sale $90.00M $1.11B $1.87B -$18.00M $79.00M
Net Other Investing Changes $218.00M -$3.00M -$24.00M -$23.00M -$1.00M
Financing Cash Flow -$2.02B $3.58B -$14.87B $1.68B -$2.79B
Net Cash Flow from Continuing Financing Activities -$2.02B $3.58B -$14.87B $1.68B -$2.79B
Net Issuance Payments Of Debt $2.10B $11.57B $2.43B $3.28B -$511.00M
Net Common Stock Issuance -$1.20B -$1.88B -$9.21B -$1.48B -$2.30B
Cash Dividends Paid -$2.87B -$6.20B -$7.82B $0.00 –
Proceeds from Stock Option Exercised $14.00M – – – $2.00M
Net Other Financing Charges -$67.00M $78.00M -$267.00M -$97.00M $22.00M
Ending Cash Balance $7.62B $6.88B $11.44B $11.44B $9.56B
Net Change in Cash $757.00M -$4.48B -$600.00M $1.84B $2.92B
Beginning Cash Balance $6.88B $11.44B $11.46B $9.56B $6.66B
Effect of Exchange Rate Changes -$18.00M -$77.00M $576.00M $36.00M -$22.00M
Free Cash Flow $5.12B $2.87B $15.24B $1.25B $5.74B
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