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NOVN.SIX
Novartis
Health Care · Pharmaceuticals

Swiss multinational pharmaceutical corporation developing innovative medicines for eye diseases, heart failure, immunology, and oncology.

HQ: SwitzerlandListed: Switzerland

Profile & Fundamentals

Novartis: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.

Profile & Fundamentals

Novartis Profile & Fundamentals

Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.

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Profile & Fundamentals contents

Company and Market Context

Company Profile & Ownership

Novartis AG researches, develops, manufactures, distributes, markets, and sells pharmaceutical medicines in Switzerland and internationally. The company offers Entresto, an angiotensin receptorneprilysin inhibitor to treat symptomatic chronic heart failure with reduced ejection fraction (HFrEF); Cosentyx to treat plaque psoriasis, pso riatic arthritis, ankylosing spondylitis, and nonradiographic axial spondy loarthritis; Kisqali, a selective oral cyclin dependent inhibitor of kinases 4 and 6 (CDK4/6); Promacta/Revolade to treat immune thrombocytopenia (ITP), thrombocytopenia, and patients with severe aplastic anemia (SAA); Tafinlar+Mekinist, an oral combination therapy to treat patients with certain types of cancers; and Jakavi for the treatment of myelofibrosis, polycythemia vera, and acute or chronic graftversushost disease (GvHD). It also provides Tasigna to treat philadelphia chromosomepositive chronic myeloid leukemia in the chronic and/or accelerated phase; Xolair for the treatment of allergic asthma and nasal polyps or severe chronic rhinosi nusitis with nasal polyps; Ilaris to treat fever syndromes, Still's disease, and acute gouty arthritis; Pluvicto to treat prostatespecific membrane anti genpositive metastatic castrationresistant prostate cancer; Sandostatin SC and Sandostatin LAR to treat acromegaly carcinoid tumors and other types of functional gastro intestinal and pancreatic neuroendocrine tumors; Zolgensma for the treatment of genetic root cause of spinal muscular atrophy; Lucentis; Leqvio to reduce LDL cholesterol; Lutathera; Scemblix; and Fabhalta. The company focuses on therapeutic areas, such as cardiovascular, renal and metabolic, immunology, neuroscience, oncology, and hematology. It has a license and collaboration agreement with Alnylam Pharmaceuticals, Inc. to develop, manufacture, and commercialize Leqvio (inclisiran), a therapy to reduce LDL cholesterol. Novartis AG was incorporated in 1996 and is headquartered in Basel, Switzerland.

NOVN.SIX

Company profile record

Novartis AG

Common Stock · Health Care · Pharmaceuticals

Official website

Company

Company / asset
Novartis AG
Security type
Common Stock
Sector
Health Care
Industry
Pharmaceuticals
HQ
🇨🇭 Switzerland
Head office
Lichtstrasse 35, Basel, Switzerland, 4056

Leadership & scale

Chief executive
Dr. Vasant Narasimhan M.D.
CEO year born
1976
Full-time employees
75.3K
Fiscal year end
December

Fundamentals snapshot

Updated 2026-08-12
Market Cap
CHF 224.3B
P/E
21.9x
Revenue (Q2 26)
USD 14.2B
Profit (Q2 26)
USD 3.2B
Dividend Yield
2.1%
Revenue (FY 25)
USD 57.1B
Shares in public float
1.9B
Insider ownership
2.11%

Reporting & identifiers

Symbol
NOVN.SIX
Listing
🇨🇭 Switzerland | Dividend Tax: 35%
Ticker Currency
CHF
Income Statement Currency
USD
Balance Sheet Currency
USD
Cash Flow Currency
USD
EPS Currency
USD
Contract Type
SPOT
ISIN
CH0012005267
Asset ID
equity_605870fb-31f5-56e1-bb3f-ff917ad68710

Ownership

Shares Outstanding

Latest: 1.9B | Max: 2.3B | Min: 1.9B

Shares Outstanding
3.0B2.2B1.5B739.6M0.00
1.9B
'17
'19
'21
'23
'25
'26

Latest reported ownership snapshot

As of Oct 1, 2026

Float Shares

96.66%

1.9B latest reported shares

Insider Ownership

2.11%

Latest reported insider stake

Short Float

--

Latest reported short interest / float

Source tablesView ownership tables

Shares Outstanding

Annual reported shares outstanding; up to 10 reporting dates.

Scroll the table to see every column.

Shares outstanding — reported values
Reporting dateShares outstanding
2017-01-012,348,000,000
2018-01-012,341,000,000
2019-01-012,292,000,000
2020-01-012,282,000,000
2021-01-012,253,000,000
2022-01-012,150,000,000
2023-01-012,065,000,000
2024-01-012,004,000,000
2025-01-011,929,000,000
2026-01-011,914,000,000

Top Holders

Available reported ownership records.

No reported records are available in this preview.

Earnings, Profitability & Valuation

Earnings, Profitability & Valuation

Earnings & Revenue

Earnings and Revenue Trajectory

AI Review

Novartis delivered solid performance in fiscal 2025, generating 54.5 to 57.1 billion dollars in revenue and roughly 14.7 billion dollars in net income. This strength was driven by strong demand for core cancer and immunology drugs before the generic patent cliff arrived. Recent 2026 quarterly results showed that generic competition cut heart-failure drug sales in half, but surging sales from replacement therapies kept total revenue expanding modestly. This trend demonstrates that the business is navigating an earnings transition rather than entering permanent decay. With free cash flow reaching nearly 16 billion dollars, the underlying cash conversion remains healthy, providing the resources needed to cushion patent expirations.

Revenue, Net Income, and Free Cash Flow

Latest: USD 57.1B | Max: USD 57.1B | Min: USD 6.7B

RevenueFree Cash FlowNet Income
USD 72.0BUSD 54.0BUSD 36.0BUSD 18.0BUSD 0.00
57.1B
18.4B
14.6B
'16
'18
'20
'22
'24
'25

Valuation

P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.

Latest: 18x

36x27x18x9x0x
9x
14x
18x
'21'23'25

Profitability & Margins

Margins and Operating Efficiency

AI Review

Profitability has improved structurally over recent years, with gross profit margins holding steady near 75 percent and core operating margins hovering around 40 percent. Divesting lower-margin generic operations permanently elevated corporate profitability by focusing resources on high-value specialty medicines that command strong pricing power. Although near-term margins face minor pressure as low-cost generics erode mature cardiovascular pills, volume growth in complex biologic treatments provides a solid floor. As new manufacturing facilities achieve scale, operating leverage should keep long-term operating profitability well above historical levels.

Profitability Margins

Latest: 75.0% | Max: 75.2% | Min: 13.6%

Gross MarginOperating MarginNet Margin
94.8%71.1%47.4%23.7%0.0%
75.0%
31.2%
25.6%
'16
'18
'20
'22
'24
'25

Latest Profitability Ratios as of 2025-12-31

Gross Margin

75.0%

Gross profit / revenue

Operating Margin

31.2%

Operating income / revenue

Net Margin

25.6%

Net income / revenue

FCF Margin

32.3%

Free cash flow / revenue

Source tablesView earnings, profitability & valuation tables

Revenue, Net Income, and Free Cash Flow

Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.

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Annual earnings and cash flow
Period endRevenue (USD)Net income (USD)Free cash flow (USD)
2016-12-3149,436,000,0006,712,000,0008,596,000,000
2017-12-3143,404,000,0007,703,000,0009,875,000,000
2018-12-3146,099,000,00012,611,000,00010,917,000,000
2019-12-3148,677,000,00011,732,000,00011,368,000,000
2020-12-3149,898,000,0008,072,000,00011,065,000,000
2021-12-3143,974,000,00024,021,000,00012,100,000,000
2022-12-3143,461,000,0006,955,000,00011,565,000,000
2023-12-3146,660,000,00014,850,000,00011,705,000,000
2024-12-3151,722,000,00011,941,000,00013,805,000,000
2025-12-3157,126,379,00014,649,294,00018,433,136,000

Published P/E Ratio

Published valuation snapshots retain each observation's earnings basis.

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Published valuation snapshots
Period endP/E (times earnings)Earnings basis
2025-12-3117.7Trailing four quarters
2024-12-3116.41Trailing four quarters
2023-12-3114.02Trailing four quarters
2022-12-3131.77Annual net income
2021-12-319.39Annual net income

Profitability Margins

Matching annual reporting dates. Values are percentages.

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Annual profitability margins
Period endGross margin (%)Operating margin (%)Net margin (%)Free cash flow margin (%)
2016-12-3164.5616.7213.5817.39
2017-12-3168.5920.0517.7522.75
2018-12-3168.5218.2327.3623.68
2019-12-3170.3718.6724.123.35
2020-12-3169.720.3516.1822.18
2021-12-3173.3122.8754.6327.52
2022-12-3173.3518.281626.61
2023-12-3173.2720.9431.8325.09
2024-12-3175.228.1223.0926.69
2025-12-3175.0231.1525.6432.27

Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-08-13.

Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.

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