Novartis AG

NVS Healthcare Drug Manufacturers General

Novartis AG’s revenue for fiscal 2025 (year ended December 2025) was $56.7 billion, up 9.57% from fiscal 2024.

Revenue
+4.67%
EPS
−69.1%
Free cash flow
−17.8%
Total debt
+53.9%

Quarter to September 2026, against a year earlier

162.04 2.94 −1.78%
Market cap
$296.4B
P/E
30.9×
Fwd P/E
23.2×
Dividend yield
2.93%
F-score
8/9
Altman Z
4.13
Beneish M
−2.49
Dividend safety
66/100

Novartis AG (NVS) EBITDA

Alert me on EBITDA

Novartis AG's EBITDA for fiscal 2025 was $22.9B, up 10.9% from $20.7B in fiscal 2024. Over the twelve months to 30 September 2026 it was $22.1B. Over the past ten years it has ranged from $9.0B (fiscal 2015) to $22.9B (fiscal 2025) — the current reading is the highest in ten years. EBITDA has risen for 4 consecutive fiscal years. Novartis AG ranks 5th of 20 Drug Manufacturers General companies by EBITDA.

EBITDA, annual

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Annual newest first

Period EBITDA Change
FY2025 $22.9B 10.94%
FY2024 $20.7B 13.81%
FY2023 $18.2B 21.74%
FY2022 $14.9B 27.56%
FY2021 $11.7B (28.20%)
FY2020 $16.3B 9.46%
FY2019 $14.9B 9.21%
FY2018 $13.6B (8.96%)
FY2017 $15.0B 3.59%
FY2016 $14.4B 60.89%

Quarterly newest first

Period EBITDA Change
Sep 2026 $5.4B (12.51%)
Jun 2026 $6.2B 13.10%
Mar 2026 $5.4B 5.65%
Dec 2025 $5.2B (11.07%)
43 more quarters

Against its own ten years

Low $9.0B High $22.9B
Ten-year median $14.9B
Current reading's percentile 100

EBITDA against peers

What EBITDA is

EBITDA shows what a company earns from its operations before interest, taxes and the non-cash charges for depreciation and amortization.

Reported line item

The full definition of EBITDA →

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