Novo Nordisk A/S (NVO)
NYSE: NVO · Real-Time Price · USD
47.26
+1.29 (2.81%)
At close: Aug 7, 2026, 4:00 PM EDT
46.74
-0.52 (-1.10%)
Pre-market: Aug 10, 2026, 7:25 AM EDT

Novo Nordisk Financials Overview

Millions DKK. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
329,431309,064290,403232,261176,954140,800
Revenue Growth
5.61%6.43%25.03%31.25%25.68%10.91%
Gross Profit
265,681250,276245,881196,496148,506117,142
Operating Income
142,097127,658128,339102,57474,80958,644
Net Income
116,443102,434100,98883,68355,52547,757
Earnings Per Share
26.2023.0322.6318.6212.2210.37
EPS Growth
5.01%1.77%21.54%52.37%17.84%15.16%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Rybelsus
20,54522,09323,30118,75011,2994,838
Ozempic
121,769127,089120,34295,71859,75033,705
Victoza
1,4633,0205,4828,66412,32215,054
Long-Acting Insulin
17,54418,75519,09514,90516,74118,064
Premix Insulin
10,05110,31510,7899,57410,56211,203
Fast-Acting Insulin
17,63518,58318,52215,94917,46317,687
Human Insulin
4,7505,4846,9677,5948,1869,052
Other Diabetes Care
2,1071,7702,1202,3123,2253,594
Wegovy
85,41179,10658,20631,3436,1881,386
Saxenda
2,2043,2416,94010,28910,6767,014
Rare Blood Disorders
11,46711,95512,13811,77611,70610,217
Rare Endocrine Disorders
5,9125,9594,9933,8367,1387,303
Other Rare Disease
1,8131,6941,5081,5511,6981,683
Revenue (Total)
329,431309,064290,403232,261176,954140,800

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
44,98226,96226,30830,23023,57417,485
Total Debt
140,127130,958102,78727,00625,78426,645
Net Cash (Debt)
-95,145-103,996-76,4793,224-2,210-9,160
Net Cash Growth
------
Net Cash Per Share
-21.40-23.38-17.140.72-0.49-1.99

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
77,810119,102120,968108,90878,88755,000
Capital Expenditures
-56,043-60,140-47,164-25,806-12,146-6,335
Free Cash Flow
21,76758,96273,80483,10266,74148,665
Free Cash Flow Growth
-66.63%-20.11%-11.19%24.51%37.14%5.50%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
80.65%80.98%84.67%84.60%83.92%83.20%
Operating Margin
43.13%41.30%44.19%44.16%42.28%41.65%
Pretax Margin
45.15%42.24%43.80%45.07%39.03%41.96%
Profit Margin
35.35%33.14%34.78%36.03%31.38%33.92%
FCF Margin
6.61%19.08%25.41%35.78%37.72%34.56%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
1.28511.70011.4009.4006.2005.200
Dividend Per Share Growth
8.79%2.63%21.28%51.61%19.23%14.29%
Dividend Yield
2.72%3.60%1.61%1.01%1.19%1.28%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
11.7214.0627.2437.5338.4735.31
P/FCF Ratio
17.7924.5337.1037.4931.7134.46
PS Ratio
4.144.689.4313.4111.9611.91