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NV

Novartis AG

NVSHealthcareNASDAQ

Drug Manufacturers - General

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Financials · Annual
Revenue
$56.67B
+9.6% YoY
Net Income
$13.98B
+17.1% YoY
EBITDA
$22.82B
+10.2% YoY
Free Cash Flow
$12.02B

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About Novartis AG

Headquartered within the healthcare sector, Novartis AG focuses on Drug Manufacturers - General services and products. Novartis AG researches, develops, manufactures, distributes, markets, and sells pharmaceutical medicines in Switzerland and internationally. With a market capitalization of $286.54B, it sits in mega-cap territory. 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).

Key stats
Market Cap$286.54B
P/E (TTM)21.51
Fwd P/E15.09
EPS$6.98
Beta0.49
52W Change+28.7%
Dividend Yield3.16%
ROE34.9%
Analysis

The company holds $6.89B in cash, though total debt stands at $47.00B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Annual free cash flow of $12.02B supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. Return on equity stands at 34.9%, which is exceptionally high for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Return on assets of 10.5% further supports the picture of efficient asset utilization. Revenue has grown from $43.46B (2022) to $56.67B (2025), reflecting a 30% increase over the period.

NVS's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing NVS.

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