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) Return on assets

Alert me on Return on assets

Novartis AG's return on assets over the twelve months to 30 September 2026 was 8.94%, down 4.2 percentage points from fiscal 2025 (13.1%). Over the past ten years it has ranged from 5.13% (fiscal 2016) to 18.5% (fiscal 2021); the current reading is higher than 73% of that period. That is above the Drug Manufacturers General industry median of 2.28% and above the Healthcare sector median of −29.3%.

Return on assets, annual

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Annual newest first

Period Return on assets Change (points)
FY2025 13.1% 1.31
FY2024 11.8% (1.85)
FY2023 13.7% 8.08
FY2022 5.58% (12.93)
FY2021 18.5% 11.95
FY2020 6.56% (2.33)
FY2019 8.89% (0.16)
FY2018 9.05% 3.20
FY2017 5.85% 0.72
FY2016 5.13% (8.71)

Against its own ten years

Low 5.13% High 18.5%
Ten-year median 9.05%
Current reading's percentile 73

Return on assets against peers

Company Return on assets
NVO Novo Nordisk A/S compare 22.0%
AMGN Amgen Inc. compare 10.1%
AZN AstraZeneca PLC compare 9.41%
NVS Novartis AG 8.94%
JNJ Johnson & Johnson compare 8.25%
ABBV AbbVie Inc. compare 7.32%
PFE Pfizer Inc. compare 1.95%
MRK Merck & Co., Inc. compare 0.00%
GILD Gilead Sciences, Inc. compare −7.03%
Drug Manufacturers General industry median 2.28%
Healthcare sector median −29.3%
Market median 0.00%

What Return on assets is

ROA tells an investor how much profit a company earns for shareholders from the assets it uses to run its business.

Annual: Net Income Allotted to Shareholders ÷ Average Assets; TTM: Net Income Allotted to Shareholders ÷ Average Assets (latest quarter)

The full definition of Return on assets →

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