stockrowNovartis 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
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Novartis AG (NVS) Free cash flow margin
Novartis AG's free cash flow margin over the twelve months to 30 September 2026 was 24.7%, down 2.6 percentage points from fiscal 2025 (27.2%). Over the past ten years it has ranged from 18.4% (fiscal 2015) to 29.8% (fiscal 2023); the current reading is higher than 73% of that period. That is above the Drug Manufacturers General industry median of 18.5% and above the Healthcare sector median of 0.00%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 27.2% | 0.20 |
| FY2024 | 27.0% | (2.77) |
| FY2023 | 29.8% | 1.42 |
| FY2022 | 28.4% | 3.61 |
| FY2021 | 24.8% | 1.64 |
| FY2020 | 23.1% | (4.00) |
| FY2019 | 27.1% | (0.11) |
| FY2018 | 27.2% | 6.06 |
| FY2017 | 21.2% | 1.73 |
| FY2016 | 19.4% | 1.07 |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| GILD Gilead Sciences, Inc. compare | 44.5% |
| ABBV AbbVie Inc. compare | 28.6% |
| NVS Novartis AG | 24.7% |
| AMGN Amgen Inc. compare | 24.6% |
| JNJ Johnson & Johnson compare | 21.1% |
| PFE Pfizer Inc. compare | 18.5% |
| NVO Novo Nordisk A/S compare | 14.8% |
| AZN AstraZeneca PLC compare | 10.2% |
| MRK Merck & Co., Inc. compare | 0.00% |
| Drug Manufacturers General industry median | 18.5% |
| Healthcare sector median | 0.00% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on NVS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement