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) Return on invested capital
Novartis AG's return on invested capital over the twelve months to 30 September 2026 was 12.1%, down 4.0 percentage points from fiscal 2025 (16.1%). Over the past ten years it has ranged from 5.54% (fiscal 2018) to 16.1% (fiscal 2025) — the current reading is the highest in ten years. That is above the Drug Manufacturers General industry median of 6.26% and above the Healthcare sector median of 0.00%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 16.1% | 1.02 |
| FY2024 | 15.1% | 4.36 |
| FY2023 | 10.7% | 3.27 |
| FY2022 | 7.45% | (3.19) |
| FY2021 | 10.6% | 2.82 |
| FY2020 | 7.82% | (0.12) |
| FY2019 | 7.94% | 2.40 |
| FY2018 | 5.54% | (0.24) |
| FY2017 | 5.78% | 0.10 |
| FY2016 | 5.68% | (0.31) |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| NVO Novo Nordisk A/S compare | 28.7% |
| ABBV AbbVie Inc. compare | 20.2% |
| AMGN Amgen Inc. compare | 14.3% |
| AZN AstraZeneca PLC compare | 12.3% |
| NVS Novartis AG | 12.1% |
| JNJ Johnson & Johnson compare | 11.1% |
| PFE Pfizer Inc. compare | 6.19% |
| MRK Merck & Co., Inc. compare | 0.00% |
| GILD Gilead Sciences, Inc. compare | −4.51% |
| Drug Manufacturers General industry median | 6.26% |
| Healthcare sector median | 0.00% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
More on NVS
- 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 assets
- 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