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
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Novartis AG (NVS) 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
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)
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow 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 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