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NVS / Healthcare

NOVARTIS AG

Pharmaceutical Preparations

Company overview

NOVARTIS AG is an SEC-reporting issuer listed on NYSE under NVS. Its SEC industry description is Pharmaceutical Preparations. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.

Drug developers, device manufacturers and care providers depend on distinct clinical, reimbursement and operating economics.

Business segments

Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.

Selected fundamentals

Annual reporting currency: USD. Financial amounts are in millions, except per-share figures and ratios.

Latest period 2025-12-31 · prior period 2024-12-31
Metric2025-12-312024-12-31Source filed
RevenueNot availableNot available2026-02-04
Operating incomeUSD 17,644mUSD 14,544m2026-02-04
Net incomeUSD 13,967mUSD 11,939m2026-02-04
Diluted EPSUSD 7.15USD 5.872026-02-04
Operating cash flowUSD 19,144mUSD 17,619m2026-02-04
Capital expenditureNot availableNot available2026-02-04
Free cash flowNot availableNot available2026-02-04
Gross marginNot availableNot available2026-02-04
Operating marginNot availableNot available2026-02-04

FCF = operating cash flow − purchases of property, plant and equipment. Missing tags remain unavailable. Standardized cash-flow comparisons are particularly limited for financial businesses.

Inspect original metric provenance
{
  "netIncome": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 13967000000,
    "accn": "0001114448-26-000004",
    "fy": 2025,
    "fp": "FY",
    "form": "20-F",
    "filed": "2026-02-04",
    "frame": "CY2025",
    "tag": "ifrs-full:ProfitLoss",
    "unit": "USD"
  },
  "grossProfit": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 42975000000,
    "accn": "0001114448-26-000004",
    "fy": 2025,
    "fp": "FY",
    "form": "20-F",
    "filed": "2026-02-04",
    "frame": "CY2025",
    "tag": "ifrs-full:GrossProfit",
    "unit": "USD"
  },
  "operatingIncome": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 17644000000,
    "accn": "0001114448-26-000004",
    "fy": 2025,
    "fp": "FY",
    "form": "20-F",
    "filed": "2026-02-04",
    "frame": "CY2025",
    "tag": "ifrs-full:ProfitLossFromOperatingActivities",
    "unit": "USD"
  },
  "eps": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 7.15,
    "accn": "0001114448-26-000004",
    "fy": 2025,
    "fp": "FY",
    "form": "20-F",
    "filed": "2026-02-04",
    "frame": "CY2025",
    "tag": "ifrs-full:DilutedEarningsLossPerShare",
    "unit": "USD/shares"
  },
  "operatingCashFlow": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 19144000000,
    "accn": "0001114448-26-000004",
    "fy": 2025,
    "fp": "FY",
    "form": "20-F",
    "filed": "2026-02-04",
    "frame": "CY2025",
    "tag": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
    "unit": "USD"
  },
  "totalAssets": {
    "end": "2025-12-31",
    "val": 110949000000,
    "accn": "0001114448-26-000004",
    "fy": 2025,
    "fp": "FY",
    "form": "20-F",
    "filed": "2026-02-04",
    "frame": "CY2025Q4I",
    "tag": "ifrs-full:Assets",
    "unit": "USD"
  },
  "totalLiabilities": {
    "end": "2025-12-31",
    "val": 64400000000,
    "accn": "0001114448-26-000004",
    "fy": 2025,
    "fp": "FY",
    "form": "20-F",
    "filed": "2026-02-04",
    "frame": "CY2025Q4I",
    "tag": "ifrs-full:Liabilities",
    "unit": "USD"
  },
  "shareholdersEquity": {
    "end": "2025-12-31",
    "val": 46130000000,
    "accn": "0001114448-26-000004",
    "fy": 2025,
    "fp": "FY",
    "form": "20-F",
    "filed": "2026-02-04",
    "frame": "CY2025Q4I",
    "tag": "ifrs-full:EquityAttributableToOwnersOfParent",
    "unit": "USD"
  },
  "currentAssets": {
    "end": "2025-12-31",
    "val": 30460000000,
    "accn": "0001114448-26-000004",
    "fy": 2025,
    "fp": "FY",
    "form": "20-F",
    "filed": "2026-02-04",
    "frame": "CY2025Q4I",
    "tag": "ifrs-full:CurrentAssets",
    "unit": "USD"
  },
  "currentLiabilities": {
    "end": "2025-12-31",
    "val": 27278000000,
    "accn": "0001114448-26-000004",
    "fy": 2025,
    "fp": "FY",
    "form": "20-F",
    "filed": "2026-02-04",
    "frame": "CY2025Q4I",
    "tag": "ifrs-full:CurrentLiabilities",
    "unit": "USD"
  }
}

Annual earnings trend

Reported fiscal periods, not a live price chart.

Interactive chart loads in the browser. The full annual values are available below.

View all annual figures in a table
Period endRevenueNet incomeEPS
2025-12-31Not availableUSD 13,967mUSD 7.15
2024-12-31Not availableUSD 11,939mUSD 5.87
2023-12-31Not availableUSD 14,854mUSD 7.10
2022-12-31Not availableUSD 6,955mUSD 3.17

Valuation context

This release does not quote price-based multiples because it does not include synchronized market prices. A financial denominator must be paired with a clearly dated market value.

MeasureInterpretation
P/EPrice divided by EPS; identify annual, trailing or forward basis.
P/S & P/BMarket capitalization divided by sales or book equity.
EV / EBITDAEnterprise value and EBITDA need consistent definitions.
FCF yieldFree cash flow divided by dated market capitalization.

A sector median is descriptive, not a fair-value estimate. Explore sector context ↗

Selected filing notes

20-FFiled 2026-02-04Period 2025-12-31

NVS filed this 20-F on 2026-02-04 for the reported period 2025-12-31. Reading focus: Product concentration, research investment, utilization, reimbursement and cash generation. This is a metadata-based reading guide; it does not assert that a particular event or risk change occurred in the document.

Read SEC original ↗

Related research

Risks & what to monitor

Patent expiry, trial outcomes, reimbursement changes, litigation and acquisition integration.

Product concentration, research investment, utilization, reimbursement and cash generation.

Sources & dates