Novartis (NOVN.SW) Stock Price

Novartis Price

🇨🇭SIX·CLOSED
157.33USD
Market closed
Today +/-
-7.80 USD
Today %
-4.84 %
PRO

Novartis (NOVN.SW) — ISIN CH0012005267. The Novartis stock price was 157.33 USD in 2026. Revenue was 58.17 B USD. Earnings were 18.23 B USD. P/E ratio was 16.87. Novartis operates in the Health sector.

Novartis stock price

Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Novartis over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Novartis stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Novartis's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Novartis Stock Price History
DateNovartis Price
3/6/2026157.33 USD
3/5/2026165.13 USD
2/27/2026167.79 USD
2/26/2026167.58 USD
2/25/2026167.58 USD
2/23/2026163.29 USD
2/20/2026163.19 USD
2/19/2026164.91 USD
2/18/2026165.37 USD
2/17/2026164.32 USD
2/16/2026163.31 USD
2/13/2026161.97 USD
2/12/2026159.64 USD
2/11/2026157.44 USD
2/10/2026157.12 USD
2/9/2026157.46 USD
2/6/2026152.45 USD
2/5/2026152.75 USD

Novartis Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2006
35.11 B USD
7.64 B USD
7.18 B USD
Jan 1, 2007
38.95 B USD
6.78 B USD
11.95 B USD
Jan 1, 2008
42.58 B USD
8.96 B USD
8.2 B USD
Jan 1, 2009
45.1 B USD
9.98 B USD
8.4 B USD
Jan 1, 2010
51.56 B USD
11.53 B USD
9.79 B USD
Jan 1, 2011
59.38 B USD
11 B USD
9.11 B USD
Jan 1, 2012
57.56 B USD
11.19 B USD
9.27 B USD
Jan 1, 2013
52.72 B USD
10.98 B USD
9.18 B USD
Jan 1, 2014
53.63 B USD
11.09 B USD
10.21 B USD
Jan 1, 2015
50.36 B USD
10 B USD
17.78 B USD
Jan 1, 2016
49.39 B USD
9.19 B USD
6.71 B USD
Jan 1, 2017
43.36 B USD
9.1 B USD
7.7 B USD
Jan 1, 2018
46.02 B USD
9.89 B USD
12.61 B USD
Jan 1, 2019
48.62 B USD
11.33 B USD
11.73 B USD
Jan 1, 2020
49.9 B USD
12.32 B USD
8.07 B USD

Novartis Income Statement, Balance Sheet, Cash Flow Statement

Last updated Mar 7, 2026, 5:35 AM
 
REVENUE (B USD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B USD)
NET INCOME (B USD)
NET INCOME GROWTH (%)
DIV. (USD)
DIV. GROWTH (%)
SHARES (B)
DOCUMENTS
199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026e2027e2028e2029e2030e2031e
27.7630.4429.3121.5121.8821.621.2218.7618.6324.8628.431.3235.1138.9542.5845.151.5659.3857.5652.7253.6350.3649.3943.3646.0248.6249.943.9743.3846.6651.7256.3358.1760.9464.3166.8570.2669.76
9.67-3.71-26.611.70-1.27-1.78-11.56-0.7133.4714.2310.2712.0910.949.345.9214.3215.15-3.06-8.421.74-6.11-1.93-12.206.135.672.62-11.87-1.367.5710.858.913.274.765.533.955.10-0.71
56.8857.6658.7368.4268.2969.7571.3975.0876.0876.3074.4173.6373.1971.6773.1473.0071.9068.0367.4268.5567.6665.9964.8969.0670.5471.3571.1474.1074.1574.2475.2275.8273.4270.0866.4163.8960.7961.22
15.7917.5517.2114.7214.9415.0715.1514.0914.1718.9721.1323.0625.6927.9231.1532.9237.0740.3938.8136.1436.2933.2332.0529.9532.4634.6935.532.5832.1634.6438.9142.7142.7142.7142.7142.7142.7142.71
2.673.571.863.64.154.434.274.164.225.025.376.137.1811.958.28.49.799.119.279.1810.2117.786.717.712.6111.738.0724.026.9614.8511.9413.9818.2319.5521.8422.6323.8123.82
33.76-47.8292.9715.356.85-3.59-2.531.2219.006.9614.2617.0566.49-31.402.5016.60-6.951.72-1.0211.2874.17-62.2614.7663.72-6.97-31.20197.58-71.05113.52-19.5917.1130.397.2311.683.635.220.04
------------1.151.351.602.002.102.202.252.302.452.602.702.752.802.852.953.003.103.203.303.503.705.966.84---
17.3918.5225.005.004.762.272.226.526.123.851.851.821.793.511.693.333.233.126.065.7161.0814.77
2.672.722.752.752.652.662.622.582.572.512.372.342.362.332.282.282.32.412.452.482.472.442.42.372.342.322.32.262.22.092.041.961.961.961.961.961.961.96
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Novartis generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Novartis retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Novartis's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Novartis has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Novartis's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

 
ASSETS
CASH BALANCE (B USD)
RECEIVABLES (B USD)
OTHER REC. (B USD)
INVENTORIES (B USD)
OTHER CURRENT LIAB. (B USD)
CURRENT ASSETS (B USD)
TANGIBLE ASSETS (B USD)
LONG-T. INVEST. (B USD)
LONG-T. REC. (B USD)
INTANGIBLE ASSETS (B USD)
GOODWILL (B USD)
OTHER NON-CURRENT ASSETS (B USD)
NON-CURRENT ASSETS (B USD)
TOTAL ASSETS (B USD)
LIABILITIES
COMMON STOCK (B USD)
ADDITIONAL PAID-IN CAPITAL (M USD)
RETAINED EARNINGS (B USD)
OTHER EQUITY (M USD)
UNREAL. GAINS/LOSSES (M USD)
EQUITY (B USD)
LIABILITIES (B USD)
PROVISIONS (B USD)
OTHER SHORT-TERM LIAB. (B USD)
SHORT-TERM DEBTS (B USD)
LONG-TERM DEBT PORTION (B USD)
SHORT-TERM REC. (B USD)
LONG-T. LIAB. (B USD)
DEFERRED TAXES (B USD)
OTHER LIAB. (B USD)
LONG-T. LIABILITIES (B USD)
DEBT (B USD)
TOTAL CAPITAL (B USD)
19941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025
                                
9.6213.3314.29.2310.3210.2712.7513.3512.613.2613.8910.937.9613.26.1217.458.135.087.979.113.55.37.559.3515.7211.2311.2928.1118.7314.0713.3511.59
5.455.425.044.024.234.433.433.233.714.384.855.346.166.657.038.319.8710.3210.069.918.288.188.28.68.748.38.228.018.077.117.428.94
00002.082.611.251.351.291.11.351.22000002.052.482.721.982.372.012.52.32.041.821.621.832.272.120.21
6.276.385.944.484.874.332.632.482.983.353.563.734.55.465.795.836.095.936.747.276.096.236.266.876.965.987.136.677.185.915.726.27
2.22.051.892.240.30.170.410.190.330.190.270.222.792.131.952.12.590.710.751.557.710.760.920.891.851.951.211.321.121.121.093.46
23.5327.1727.0719.9621.8121.8120.4620.620.9122.2723.9221.4421.427.4320.8833.6926.6924.082830.5437.5622.8524.9328.2135.5629.529.6745.7236.9130.4829.730.46
13.5913.4111.957.938.287.345.615.466.357.68.58.6810.9512.6313.114.0815.8415.6316.9418.215.9815.9815.6416.4615.713.7513.9413.1112.210.9210.8712.35
1.552.032.154.055.395.481.885.367.828.369.2198.426.9518.7820.4310.239.569.5110.19.4416.5815.416.659.7910.5411.612.271.611.831.132.45
0.060.060.1800.120.070000000000000.440.650.711.21.10.970.910.620.920.970.950.991.010
0.140.160.171.810.651.061.972.562.73.233.736.0221.2321.259.5310.3335.2331.9730.3327.8423.8334.2231.343038.7228.7936.8134.1831.6426.8826.9229.41
00.430.9101.290.961.651.381.711.481.97.280011.2912.0429.6929.9431.0931.0329.3131.1730.9831.7535.2926.523029.629.323.3424.7625.57
0.410.860.842.783.44.494.584.875.736.385.245.326.017.24.724.945.656.317.877.98.559.5610.739.059.598.654.835.954.855.517.8610.71
15.7616.9416.216.5719.1319.415.6919.6424.3227.0428.5736.2946.648.0257.4261.8196.6393.4196.1995.7187.83108.71105.19104.8711088.8798.1186.0880.5469.4672.5480.49
39.2944.1243.2736.5340.9441.2136.1540.2345.2349.3252.4957.7368.0175.4578.395.51123.32117.5124.19126.25125.39131.56130.12133.08145.56118.37127.78131.8117.4599.95102.25110.95
                                
1.071.221.080.991.050.910.90.871.031.021.010.990.990.990.960.960.961.021110.990.970.970.940.940.910.90.890.830.790.77
00000000000000000000000000000000
16.1320.9719.6117.421.8922.5822.0924.6927.529.5330.3332.1440.2648.4149.4756.5662.3664.9568.2373.4369.8780.3881.1577.6482.1959.2757.1670.9963.5449.6546.5645.41
000000000000000000000-4,684-7,560-4,726-4,658-4,656-1,419-4,187-4,798-3,608-3,0800
000000000000000000000461348386206000-198-158-1750
17.222.1920.6918.3922.9423.4922.9825.5628.5330.5531.3433.1441.2549.450.4357.5263.3265.9769.2374.4370.8777.1574.9174.2778.6855.5556.6567.759.4346.7144.146.18
1.771.81.481.21.121.2411.091.271.672.021.962.493.023.44.014.794.995.596.155.425.674.875.175.565.425.45.555.154.934.574.46
00003.443.792.82.6933.863.392.22.2200004.034.074.294.44.374.174.815.115.065.345.15.335.155.240
6.125.137.135.361.931.221.081.721.521.512.624.274.978.718.2510.2311.297.788.69.2610.598.17.388.229.3310.6912.4413.0512.051010.5617.04
6.695.014.84.354.074.22.32.282.412.243.145.775.224.894.845.28.495.573.774.083.573.925.614.846.434.847.323.613.643.894.730
0.190.340.610.760.350.50.050.780.110.050.681.121.340.020.020.030.10.782.012.592.991.660.180.363.192.252.562.92.492.423.595.78
14.7712.2814.0211.6710.9110.957.238.568.319.3211.8515.3316.2316.6416.519.4724.6623.1524.0526.3726.9723.7122.2123.429.6128.2633.0630.2128.6626.3928.6927.28
2.854.854.172.472.071.541.421.512.743.192.741.320.660.682.188.6814.3613.8613.7811.2413.816.3317.923.2222.4722.0627.9824.5221.7820.0322.9329.59
0.830.99-0.031.12.072.292.172.342.833.142.343.475.294.474.144.417.696.767.296.96.16.366.665.177.485.873.143.072.692.252.423.4
3.423.554.232.82.892.882.392.312.883.154.254.454.534.275.045.496.847.799.817.277.678.048.477.067.326.636.936.174.914.524.084.13
7.099.398.376.377.026.715.976.168.469.489.329.2410.489.4211.3618.5728.8928.4130.8825.4127.5730.7333.0235.4537.2634.5638.0533.7729.3726.8129.4337.12
21.8621.6722.3918.0417.9417.6613.214.7116.7718.821.1724.5726.7126.0627.8638.0453.5551.5654.9351.7854.5454.4355.2358.8566.8762.8271.1163.9758.0353.258.1264.4
39.0643.8543.0836.4240.8841.1536.1840.2745.2949.3552.5157.767.9775.4578.2995.56116.87117.52124.16126.21125.41131.58130.14133.12145.55118.37127.76131.68117.4699.9102.22110.58
Details

Balance Sheet

What Is the Balance Sheet?

The balance sheet is a financial snapshot of Novartis at a specific point in time. It follows the fundamental equation: Assets = Liabilities + Shareholders' Equity. Unlike the income statement (which covers a period), the balance sheet tells you what the company owns, what it owes, and what belongs to shareholders at a given date.

Assets

Current assets (cash, receivables, inventory) can be converted to cash within 12 months and indicate short-term liquidity. Non-current assets (property, equipment, intangible assets, goodwill) represent long-term investments. A high proportion of cash and short-term investments gives Novartis financial flexibility to weather downturns, fund acquisitions, or return capital to shareholders.

Liabilities

Current liabilities (accounts payable, short-term debt) are obligations due within one year. Non-current liabilities (long-term debt, pension obligations) are due further out. Key ratio to watch: the debt-to-equity ratio (Total Debt ÷ Shareholders' Equity). A ratio below 1.0 is generally healthy, meaning the company is funded more by equity than debt. Highly leveraged companies amplify both gains and losses.

Shareholders' Equity

Equity is the residual value belonging to shareholders after all debts are paid. It includes retained earnings (accumulated profits not paid out as dividends) and paid-in capital. Rising equity year over year is a positive sign — it means Novartis is building book value. Declining equity, especially when driven by losses or heavy share buybacks funded by debt, warrants closer scrutiny.

Key Ratios to Derive

From the balance sheet, you can calculate the current ratio (current assets ÷ current liabilities; above 1.5 is comfortable), book value per share (equity ÷ shares outstanding), and return on equity (net income ÷ equity; above 15 % is strong). Tracking these ratios over time reveals whether Novartis is strengthening or weakening its financial position.

 
NET INCOME (B USD)
DEPRECIATION (B USD)
DEFERRED TAXES (M USD)
CHANGES IN WORKING CAPITAL (B USD)
NON-CASH ITEM (B USD)
PAID INTEREST (M USD)
PAID TAXES (B USD)
NET CASH FLOW FROM OPERATING ACTIVITIES (B USD)
CAPITAL EXPENDITURES (M USD)
CASH FLOW FROM INVESTING ACTIVITIES (B USD)
CASH FLOW FROM OTHER INVESTING ACTIVITIES (B USD)
INTEREST INCOME AND EXPENSES (M USD)
NET DEBT CHANGE (B USD)
NET CHANGE IN EQUITY (M USD)
CASH FLOW FROM FINANCING ACTIVITIES (B USD)
CASH FLOW FROM OTHER FINANCING ACTIVITIES (B USD)
TOTAL DIVIDENDS PAID (M USD)
NET CHANGE IN CASH FLOW (B USD)
FREE CASH FLOW (M USD)
SHARE-BASED COMPENSATION (M USD)
19941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025
2.673.571.864.684.154.434.274.164.225.025.386.076.836.548.168.459.979.259.389.3110.737.036.77.512.87.158.0724.026.968.5711.9413.97
1.381.61.440.890.9610.891.041.161.281.391.681.922.862.672.33.425.794.924.414.685.476.044.745.215.836.466.117.188.284.65.33
00000000000000000000000000000000
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0.17-0.29-1.3100.570.260.4-0.130.010.650.880.872.079.612.493.933.594.534.354.352.574.922.92.6-1.564.24.57-10.975.263.276.567.24
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0000.851.271.121.290.820.690.841.081.351.721.581.941.622.622.442.022.052.182.452.111.491.511.881.832.341.982.792.262.56
3.694.853.843.234.044.594.514.354.676.656.68.058.7616.819.6612.1914.0714.3114.1913.1713.911.911.4812.6214.2713.6313.6515.0714.2414.4617.6219.14
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00000000000000000000000000000000
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000-3.4200000-0.03-0.03-0.03-0.270.04-0.05-0.05-0.1-3.39-0.09-0.1-0.14-00-0.1-0.123.31-0.20.090.063.48-0.21-0.29
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1,465.41934.991,850.982,156.212,950.963,674.113,708.722,972.523,632.365,1095,1456,5366,52713,6767,3489,45811,83511,92211,1269,79610,4938,3928,59610,32711,62411,36811,06512,10011,56511,70513,80515,244
00000000000000000000000000000000

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Novartis Stock Quarterly Figures

 
REVENUE (B USD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B USD)
NET INCOME (B USD)
NET INCOME GROWTH (%)
DIV. (USD)
DIV. GROWTH (%)
SHARES (B)
1998 Q21998 Q41999 Q21999 Q42000 Q22000 Q42001 Q12001 Q22001 Q32001 Q42002 Q12002 Q22002 Q32002 Q42003 Q12003 Q22003 Q32003 Q42004 Q12004 Q22004 Q32004 Q42005 Q12005 Q22005 Q32005 Q42006 Q12006 Q22006 Q32006 Q42007 Q12007 Q22007 Q32007 Q42008 Q12008 Q22008 Q32008 Q42009 Q12009 Q22009 Q32009 Q42010 Q12010 Q22010 Q32010 Q42011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q32012 Q42013 Q12013 Q22013 Q32013 Q42014 Q12014 Q22014 Q32014 Q42015 Q12015 Q22015 Q32015 Q42016 Q12016 Q22016 Q32016 Q42017 Q12017 Q22017 Q32017 Q42018 Q12018 Q22018 Q32018 Q42019 Q12019 Q22019 Q32019 Q42020 Q12020 Q22020 Q32020 Q42021 Q12021 Q22021 Q32021 Q42022 Q12022 Q22022 Q32022 Q42023 Q12023 Q22023 Q32023 Q42024 Q12024 Q22024 Q32024 Q42025 Q12025 Q22025 Q32025 Q42026 Q1e2026 Q2e2026 Q3e2026 Q4e
11.310.5611.2210.418.4612.674.354.64.85.024.764.835.43.595.726.26.216.736.6713.677.17.637.417.8722.858.477.768.679.029.659.379.589.8210.1710.2210.9911.0310.359.9310.7411.2913.1512.3611.9212.8214.4614.2215.1215.031513.9114.5414.0415.0712.913.2812.9113.6313.0313.9513.313.3512.1712.912.4912.811.8112.6812.3412.5611.7912.4912.6913.1611.1511.6311.3611.8811.412.0212.4812.7212.7111.6212.5413.0312.6913.2913.374.6212.8121.7110.7810.8811.0511.7512.0911.7812.1212.8713.1713.5613.5914.5314.3613.8613.8214.4814.4514.41
-6.576.27-7.24-18.6849.66-65.665.754.414.50-5.181.4911.76-33.4659.318.430.118.37-0.95105.09-48.077.46-2.836.15190.36-62.94-8.4111.804.076.98-2.902.242.443.600.447.580.36-6.18-4.088.225.1016.43-6.00-3.527.5412.82-1.676.34-0.59-0.25-7.224.51-3.457.33-14.372.93-2.825.59-4.387.04-4.650.41-8.845.93-3.192.56-7.767.36-2.671.74-6.146.021.583.72-15.304.33-2.364.56-3.995.463.811.87-0.06-8.557.883.92-2.584.730.55-65.44177.4269.44-50.340.901.536.322.95-2.612.926.202.332.930.206.93-1.16-3.47-0.284.75-0.17-0.26
68.3068.2968.4271.1175.2768.9174.0676.0275.3674.7974.7276.3375.6978.3976.1877.0675.8576.1174.6674.7575.1473.1274.0274.9074.2172.0674.4774.3471.9772.2773.4673.9569.1070.3874.0873.2872.6172.6173.9673.7172.5272.1074.9473.1171.4468.7268.6569.4668.1565.8767.7768.3067.4166.2469.4869.2268.0367.5168.3168.6166.7666.9367.5566.3765.2364.8864.5665.1565.0864.7565.5266.3066.1866.6369.0569.4169.5166.0072.2472.4371.0369.8572.0371.2971.5469.7669.8071.7671.21223.3870.7073.9073.3572.0572.9271.5574.2274.6374.5075.3875.3975.5676.2777.1575.3874.4474.6571.2771.3971.58
7.727.217.687.46.378.733.223.53.623.753.563.694.092.824.364.784.715.124.9810.225.345.585.495.916.966.15.786.456.56.986.897.096.787.167.578.058.017.517.347.928.199.489.268.729.169.949.7610.510.259.889.439.939.469.988.969.198.789.28.99.578.888.948.228.568.148.317.638.268.038.137.728.288.48.777.78.087.97.848.248.718.878.889.158.298.979.098.869.549.5210.329.0616.057.917.848.068.48.988.799.039.79.9310.2410.3611.2110.8210.3210.3210.3210.3210.32
2.391.742.541.92.062.210.891.2810.981.071.21.190.741.061.321.281.361.242.771.471.351.481.644.781.351.951.711.871.652.172.016.870.92.322.252.091.541.962.042.12.312.932.422.282.172.772.72.461.182.252.652.391.992.42.522.232.032.942.563.221.4913.011.841.891.052.011.81.940.961.671.982.081.982.037.771.621.21.776.82.041.132.181.871.942.092.062.92.7616.312.223.921.571.472.292.321.768.482.693.253.192.823.614.043.932.414.284.524.423.98
-27.4146.29-25.078.047.54-59.5843.51-22.45-1.618.9912.00-0.17-37.8943.4523.80-2.966.50-9.04123.52-46.84-8.109.6210.74191.46-71.7644.22-12.339.37-11.4131.14-7.42241.88-86.83156.31-2.93-7.07-26.3627.493.723.109.8727.25-17.59-5.88-4.6627.71-2.38-8.88-52.3191.2317.85-9.74-16.9520.814.92-11.29-9.0944.95-13.1226.14-53.74772.23-85.882.83-44.1790.80-10.297.54-50.6774.0918.855.10-5.052.48283.60-79.11-26.3747.78284.99-69.97-44.9193.42-14.203.648.22-1.6740.65-4.77491.30-86.3776.24-59.83-6.8056.411.00-23.96381.54-68.3020.76-1.76-11.6327.9612.06-2.80-38.6777.635.63-2.21-10.00
------0.71---0.75---0.79--0.83----0.88---0.96---1.13---1.33---1.67---1.75---1.83---1.88---1.92---2.04---2.17---2.25---2.29---2.33---2.38---2.46---2.50---2.58---2.67---3.30---3.50---3.70---
2.722.652.662.692.622.622.62.572.582.562.552.682.532.532.532.532.52.472.372.382.362.352.332.332.342.342.362.362.362.362.362.352.322.292.272.292.282.282.282.282.292.242.292.32.32.312.32.432.452.442.442.442.452.452.492.492.482.472.472.472.462.462.452.452.442.422.42.42.42.392.392.372.362.362.352.352.342.342.342.332.32.312.292.32.32.282.272.242.252.262.242.22.182.162.122.12.082.072.062.052.032.011.981.961.941.931.931.931.931.93
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Novartis generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Novartis retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Novartis's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Novartis has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Novartis's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Unlock the full history with 30+ years of data and forecast estimates.

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Novartis stock margins

The Novartis margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Novartis. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Novartis.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2006
73.19 %
21.77 %
20.44 %
Jan 1, 2007
71.67 %
17.41 %
30.67 %
Jan 1, 2008
73.14 %
21.05 %
19.24 %
Jan 1, 2009
73 %
22.13 %
18.62 %
Jan 1, 2010
71.9 %
22.35 %
18.99 %
Jan 1, 2011
68.03 %
18.52 %
15.35 %
Jan 1, 2012
67.42 %
19.45 %
16.1 %
Jan 1, 2013
68.55 %
20.83 %
17.4 %
Jan 1, 2014
67.66 %
20.68 %
19.04 %
Jan 1, 2015
65.99 %
19.86 %
35.31 %
Jan 1, 2016
64.89 %
18.6 %
13.59 %
Jan 1, 2017
69.06 %
20.98 %
17.76 %
Jan 1, 2018
70.54 %
21.49 %
27.41 %
Jan 1, 2019
71.35 %
23.31 %
24.13 %
Jan 1, 2020
71.14 %
24.69 %
16.18 %

Novartis Stock Sales Revenue, EBIT, Earnings per Share

The Novartis earnings per share therefore indicates how much revenue Novartis has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Sales per Share
EBIT per share
Earnings per Share
Details
Date
Sales per Share
EBIT per share
Earnings per Share
Jan 1, 2006
14.87 USD
3.24 USD
3.04 USD
Jan 1, 2007
16.72 USD
2.91 USD
5.13 USD
Jan 1, 2008
18.64 USD
3.92 USD
3.59 USD
Jan 1, 2009
19.81 USD
4.38 USD
3.69 USD
Jan 1, 2010
22.41 USD
5.01 USD
4.26 USD
Jan 1, 2011
24.61 USD
4.56 USD
3.78 USD
Jan 1, 2012
23.54 USD
4.58 USD
3.79 USD
Jan 1, 2013
21.27 USD
4.43 USD
3.7 USD
Jan 1, 2014
21.71 USD
4.49 USD
4.13 USD
Jan 1, 2015
20.66 USD
4.1 USD
7.29 USD
Jan 1, 2016
20.58 USD
3.83 USD
2.8 USD
Jan 1, 2017
18.29 USD
3.84 USD
3.25 USD
Jan 1, 2018
19.63 USD
4.22 USD
5.38 USD
Jan 1, 2019
20.97 USD
4.89 USD
5.06 USD
Jan 1, 2020
21.73 USD
5.37 USD
3.52 USD

Novartis business model

Novartis AG is a globally active company operating in the pharmaceutical, ophthalmology, and generics manufacturing sectors. The company, headquartered in Basel, Switzerland, was founded in 1996 and originated from a merger between Ciba-Geigy and Sandoz. Novartis AG is now a leading company worldwide in the research, development, production, and marketing of pharmaceuticals and other health products.

Novartis SWOT Analysis

Strengths

[ { "heading": "1.", "text": "Strong" }, { "heading": "2.", "text": "Diverse" }, { "heading": "3.", "text": "Solid" } ]

Weaknesses

[ { "heading": "1.", "text": "Dependence" }, { "heading": "2.", "text": "Product" }, { "heading": "3.", "text": "Limited" } ]

Opportunities

[ { "heading": "1.", "text": "Growing" }, { "heading": "2.", "text": "Expansion" }, { "heading": "3.", "text": "Acquisitions" } ]

Threats

[ { "heading": "1.", "text": "Intense" }, { "heading": "2.", "text": "Stringent" }, { "heading": "3.", "text": "Potential" } ]

Novartis Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Novartis historical P/E ratio, EBIT multiple, and P/S ratio

Details

Historical Valuation Multiples

Price-to-Earnings Ratio (P/E)

The P/E ratio divides Novartis's share price by its earnings per share. It tells you how many years of current earnings you are "paying for" when you buy the stock. A P/E of 20 means you pay $20 for every $1 of annual earnings. The S&P 500 historically trades at an average P/E of roughly 15–17. A P/E significantly above that may signal high growth expectations; one below may indicate undervaluation — or declining business quality.

Price-to-Sales Ratio (P/S)

The P/S ratio divides market capitalization by total revenue. Unlike the P/E ratio, it works even for companies that are not yet profitable, making it essential for evaluating high-growth firms. A P/S below 1.0 may indicate undervaluation, while ratios above 10 are typically reserved for fast-growing tech or SaaS companies with high expected future margins.

Price-to-EBIT Ratio

This ratio relates Novartis's market price to its operating earnings, excluding the effects of debt structure and tax jurisdiction. It is particularly useful for comparing companies across different countries or with different levels of leverage, because it focuses purely on operational profitability. Lower values suggest cheaper operational earnings.

How to Use This Chart

This chart plots Novartis's valuation multiples over time. Compare the current P/E, P/S, and P/EBIT to their own historical averages — if the current ratio is well below the multi-year average, the stock may be relatively cheap compared to its own track record. Combine this with industry comparisons: a P/E that looks high in absolute terms may be justified if Novartis grows earnings faster than its peers.

Novartis annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Novartis shares outstanding

The number of shares was Novartis in 2025 — This indicates how many shares 1.955 B is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2006
2.36 B base_Shares
Jan 1, 2007
2.33 B base_Shares
Jan 1, 2008
2.28 B base_Shares
Jan 1, 2009
2.28 B base_Shares
Jan 1, 2010
2.3 B base_Shares
Jan 1, 2011
2.41 B base_Shares
Jan 1, 2012
2.45 B base_Shares
Jan 1, 2013
2.48 B base_Shares
Jan 1, 2014
2.47 B base_Shares
Jan 1, 2015
2.44 B base_Shares
Jan 1, 2016
2.4 B base_Shares
Jan 1, 2017
2.37 B base_Shares
Jan 1, 2018
2.34 B base_Shares
Jan 1, 2019
2.32 B base_Shares
Jan 1, 2020
2.3 B base_Shares

Novartis stock splits

In Novartis's history, there have been no stock splits.

Novartis Dividend History

30 years of dividend payments · 23 consecutive increases

YearAnnual DividendYoY ChangePayments
20263.7USDYTD
Mar 10, 20263.7USD 5.7%1/1
20253.5USD 6.1%
Mar 11, 20253.5USD 6.1%1/1
20243.3USD 3.1%

Novartis dividend history and estimates

In 2025, Novartis paid a dividend amounting to 3.5 USD. Dividend means that Novartis distributes a portion of its profits to its owners.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2006
1.15 USD
0 USD
Jan 1, 2007
1.35 USD
0 USD
Jan 1, 2008
1.6 USD
0 USD
Jan 1, 2009
2 USD
0 USD
Jan 1, 2010
2.1 USD
0 USD
Jan 1, 2011
2.2 USD
0 USD
Jan 1, 2012
2.25 USD
0 USD
Jan 1, 2013
2.3 USD
0 USD
Jan 1, 2014
2.45 USD
0 USD
Jan 1, 2015
2.6 USD
0 USD
Jan 1, 2016
2.7 USD
0 USD
Jan 1, 2017
2.75 USD
0 USD
Jan 1, 2018
2.8 USD
0 USD
Jan 1, 2019
2.85 USD
0 USD
Jan 1, 2020
2.95 USD
0 USD

Novartis dividend payout ratio

In 2025, Novartis had a payout ratio of 64.89%. The payout ratio indicates the percentage of the company's profits that Novartis distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2006
31.63 %
Jan 1, 2007
21.97 %
Jan 1, 2008
37.24 %
Jan 1, 2009
45.17 %
Jan 1, 2010
41.08 %
Jan 1, 2011
48.5 %
Jan 1, 2012
49.47 %
Jan 1, 2013
51.66 %
Jan 1, 2014
49.44 %
Jan 1, 2015
29.72 %
Jan 1, 2016
80.36 %
Jan 1, 2017
70.73 %
Jan 1, 2018
43.37 %
Jan 1, 2019
47.03 %
Jan 1, 2020
69.84 %

Current Novartis forecasts and price targets in March 2026

Δ MOM Price Target
5.45 %
Buy50.00 % (17)
Hold38.24 % (13)
Sell11.76 % (4)
12M Price Target
152.48
Last Price
108.10
Currency
USD
12M Return Potential
41.06 %
LTM Return
0 %

Novartis Earnings Estimates

Novartis Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
10/25/20221.58USD13.04 BUSD2022 Q3
7/19/20221.53USD13.04 BUSD2022 Q2
4/26/20221.47USD12.88 BUSD2022 Q1
2/2/20221.45USD13.55 BUSD2021 Q4
10/26/20211.68USD13.22 BUSD2021 Q3
7/21/20211.57USD12.71 BUSD2021 Q2
4/27/20211.59USD12.71 BUSD2021 Q1
1/26/20211.4USD13.08 BUSD2020 Q4
10/27/20201.48USD12.76 BUSD2020 Q3
7/21/20201.35USD12.07 BUSD2020 Q2
...

EESG©

Eulerpool ESG Scorecard© for the Novartis stock

84/100
75
Environment
94
Social
85
Governance
E

Environment

20
Scope 1 - Direct Emissions207,000
Scope 2 - Indirect emissions from purchased energy200,400
Scope 3 - Indirect emissions within the value chain4,350,300
Total CO₂ emissions407,400
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees52
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Novartis shareholders

% Name
7.13003%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
5.93294%
UBS Asset Management (Switzerland)
UBS Asset Management (Switzerland)
3.31466%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
2.57639%
Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM)
1.46729%
BlackRock Advisors (UK) Limited
BlackRock Advisors (UK) Limited
1.44436%
Zürcher Kantonalbank (Asset Management)
Zürcher Kantonalbank (Asset Management)
0.89051%
Geode Capital Management, L.L.C.
Geode Capital Management, L.L.C.
0.83080%
Artisan Partners Limited Partnership
Artisan Partners Limited Partnership
0.70931%
GQG Partners, LLC
GQG Partners, LLC
0.70925%
DWS Investment GmbH
DWS Investment GmbH
...

Novartis Executives and Management Board

VN

Dr. Vasant Narasimhan

(49)

Chief Executive Officer, Member of the Executive Committee

Compensation19.17 M USD
HK

Mr. Harry Kirsch

(60)

Chief Financial Officer, Member of the Executive Committee

Compensation5.43 M USD
AG

Mr. Aaron Gal

(59)

Chief Strategy and Growth Officer, Member of the Executive Committee

Compensation5.32 M USD
FM

Dr. Fiona Marshall

(61)

President - Biomedical Research, Member of the Executive Committee

Compensation4.37 M USD
SL

Dr. Steffen Lang

(58)

President - Operations, Member of the Executive Committee

Compensation3.86 M USD

Novartis Supply Chain

Novartis Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
30 companies
#Name1M3M6M1Y2YTrend
1
Basware
Supplier
0,74
0,84
0,49
0,55
0,32
#Name1M3M6M1Y2YTrend
1
908 Devices
Supplier
0,77
-0,56
-0,66
0,07
2
0,79
-0,19
-0,66
3
Snowflake A
Supplier
0,76
-0,78
-0,78
-0,60
4
0,60
5
Xencor
Supplier
0,69
-0,76
-0,71
-0,56
-0,22

Novartis Research

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Most common questions regarding Novartis

The business model of Novartis AG focuses on the development, manufacturing, and commercialization of innovative healthcare solutions. As one of the leading pharmaceutical companies globally, Novartis AG operates in three main segments: Pharmaceuticals, which includes patented prescription medicines; Alcon, which deals with eye care products; and Sandoz, responsible for generic pharmaceuticals and biosimilars. Novartis AG strives to improve patient outcomes by investing heavily in research and development, collaborating with healthcare professionals, and implementing cutting-edge technologies. By combining scientific expertise with a patient-centric approach, Novartis AG aims to address unmet medical needs and contribute to the advancement of healthcare worldwide.

All fundamentals about Novartis

Our stock analysis for Novartis Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Novartis Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.