OakChart

Novo Nordisk ADR

NVOHealthcare·Drug Manufacturers - General·Denmark·Large·NYSE·Nov 11 • 3:59 PM ET

41.09+0.39 (0.96%)
2026-11-12 05:20 CET
Market cap
137,482.21 USD m
Revenue, TTM
51,896.99 USD m
Net income, TTM
17,636.87 USD m
Free cash flow, TTM
11,041.77 USD m
EPS diluted, TTM
3.97
P/E
10.35
Compare

Price

NVO against its 20, 50 and 200-day averages
2050200miss
40.0045.0050.0024.7M49.3MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26NVOclose 41.0920-day 39.7650-day 40.33200-day 43.3741.09

36.0% under the 52-week high of 64.16 on 23 Jan 2026. 52-week low 35.12 on 30 Mar 2026. Last 15 sessions, 13.9% high to low

Volume 0.96× normal · the line is the 50-bar volume average

Profile

NVO
52-week range, 21% of the way up
35.1264.16

Novo Nordisk A/S is a global healthcare company, which engages in the discovery, development, manufacturing and marketing of pharmaceutical products. It operates through the Diabetes and Obesity Care and Rare Disease segments. The Diabetes and Obesity Care segment includes diabetes, obesity, cardiovascular, and emerging therapy areas. The Rare Disease segment refers to rare blood disorders, rare endocrine disorders, and hormone replacement therapy. The company was founded by Harald Pedersen and Thorvald Pedersen in 1923 is headquartered in Bagsvaerd, Denmark.

Employees68794
IPOApr 30, 1981
Beta0.71
ATR, 14d1.07
Rel volume0.96
Short float1.14%
Insider own0.01%
Inst own9.81%

Snapshot

6 groups

Valuation

Index-
Market Cap137.48B
Enterprise Value150.87B
Income17.64B
Sales51.90B
Book/sh7.49
Cash/sh2.10
Dividend Est.1.76 (4.27%)
Dividend TTM1.80 (4.37%)
Dividend Ex-DateAug 17, 2026
Dividend Gr. 3/5Y26.98% 19.93%
Payout36.87%
Employees68794
IPOApr 30, 1981

Ratios

P/E10.35
Forward P/E12.11
PEG71.21
P/S2.65
P/B5.49
P/C19.52
P/FCF12.45
EV/EBITDA5.46
EV/Sales2.91
Quick Ratio0.64
Current Ratio0.84
Debt/Eq0.62
LT Debt/Eq0.54
Option/ShortYes / Yes

Earnings

EPS (ttm)3.97
EPS next Y3.39
EPS next Q0.66
EPS this Y-5.37%
EPS next Y-1.41%
EPS next 5Y0.17%
EPS past 3/5Y26.28% 20.36%
Sales past 3/5Y23.19% 19.21%
EPS Y/Y TTM15.62%
Sales Y/Y TTM11.16%
EPS Q/Q-17.31%
Sales Q/Q3.83%
EarningsNov 04 BMO
EPS/Sales Surpr.19.06% 7.54%

Ownership

Insider Own0.01%
Insider Trans0.00%
Inst Own9.81%
Inst Trans-0.59%
ROA20.55%
ROE58.95%
ROIC34.59%
Gross Margin82.02%
Oper. Margin48.35%
Profit Margin33.98%
SMA203.35%
SMA501.89%
SMA200-5.26%
Trades-

Technical

Shs Outstand3.35B
Shs Float3.35B
Short Float1.14%
Short Ratio3.15
Short Interest38.29M
52W High64.16 -35.96%
52W Low35.12 17.00%
Volatility2.40% 1.78%
ATR (14)1.07
RSI (14)55.87
Beta0.71
Rel Volume0.96
Avg Volume12.16M
Volume11,707,415

Performance

Perf Week-2.58%
Perf Month7.96%
Perf Quarter-12.05%
Perf Half Y-12.72%
Perf YTD-19.24%
Perf Year-16.40%
Perf 3Y-59.39%
Perf 5Y-27.54%
Perf 10Y145.68%
Recom2.75
Target Price54.57
Prev Close40.70
Price41.09
Change %0.96%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Sep 11, 2026DowngradeMMorgan StanleyEqual-Weight → Underweight$40-2.7%
Aug 27, 2026DowngradeDDeutsche BankHold → Sell
Aug 12, 2026DowngradeBBerenbergBuy → Hold
Mar 26, 2026InitiatedWWolfe ResearchPeer Perform
Mar 18, 2026InitiatedBBernsteinUnderperform
Mar 18, 2026InitiatedBBernsteinOutperform$175+325.9%
Mar 10, 2026DowngradeTTD CowenBuy → Hold$42+2.2%
Mar 03, 2026UpgradeMMorgan StanleyUnderweight → Equal-Weight$40-2.7%
Mar 02, 2026DowngradeGGoldmanBuy → Neutral$41-0.2%
Feb 24, 2026DowngradeKKeplerBuy → Hold

Peers

Mkt cap
TickerCompanyMkt cap
LLYLilly(Eli) & Co1352.12B
AMGNAMGEN Inc253.21B
PFEPfizer Inc167.86B
AZNAstrazeneca plc287.66B
SNYSanofi ADR115.43B
NVSNovartis AG ADR293.47B
MRKMerck & Co Inc362.83B
BMYBristol-Myers Squibb Co128.59B
ABBVAbbvie Inc521.41B
JNJJohnson & Johnson675.03B

Held by

AUM
TickerCompanyAUM
AVDEAvantis International Equity ETFAUM: 19.73B
PPHVanEck Pharmaceutical ETFAUM: 1.09B
WCMIFirst Trust WCM International Equity ETFAUM: 2.12B
FENIFidelity Enhanced International ETFAUM: 11.73B
PIDInvesco International Dividend Achievers ETFAUM: 881.07M
RODMHartford Multifactor Developed Markets (ex-US) ETFAUM: 1.67B
AVIVAvantis International Large Cap Value ETFAUM: 2.09B
APIEActivePassive International Equity ETFAUM: 1.13B
OZEMRoundhill GLP-1 & Weight Loss ETFAUM: 58.23M
AQECAQE Core ETFAUM: 604.49M

News

latest 14 of 200

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-040.8700.7310.57011,90411,07013
2026Q22026-08-040.9550.7700.73612,13010,88915
2026Q12026-05-061.0430.8841.70911,02310,86015
2025Q42026-02-040.9540.9230.94212,50312,12814
2025Q32025-11-050.6920.7640.70411,52911,94413
2025Q22025-08-060.9290.9190.90511,97411,92312
2025Q12025-05-070.9950.9150.91611,89711,69513
2024Q42025-02-050.8860.8310.90611,97011,13613
2024Q32024-11-060.8810.8800.90110,27010,57214
2024Q22024-08-070.6570.7080.6489,9769,98817
2024Q12024-05-020.8140.7520.8279,3669,12913
2023Q42024-01-310.7160.6700.7079,5999,15312
2023Q32023-11-020.7110.6800.7318,3558,17211
2023Q22023-08-100.6380.6780.6308,0298,20613
2023Q12023-05-040.6480.6210.6337,8807,65811
2022Q42023-02-010.4332.9090.4126,95346,83214

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY1.2061.2221.22717,96417,950
2020FY1.4541.4571.37720,50320,626
2021FY1.5751.5711.64821,38321,309
2022FY1.7941.7591.72625,97525,412
2023FY2.7142.6732.70133,84833,469
2024FY3.1623.1363.28240,57139,723
2025FY3.6383.7023.62748,82648,431
2026FY-3.443--46,328
2027FY-3.394--47,311
2028FY-3.657--50,001
2029FY-3.988--53,391
2030FY-4.336--55,973

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-06106311,78411,10912,503
2026Q4S2026-11-05106311,79311,10912,503
2026Q4S2026-11-04105411,70511,10912,503
2026Q4S2026-10-31102511,41511,10911,860
2026Q4S2026-10-29112511,41411,10911,860
2026Q4S2026-10-23112411,44011,14011,860
2026Q4S2026-10-20122311,58111,14012,691
2026Q4S2026-10-19123311,58111,14012,691
2026Q4S2026-10-14125311,58111,14012,691
2026Q4S2026-10-13125311,57911,14012,691
2026Q4S2026-10-09126311,57611,14012,691
2026Q4S2026-10-06126311,57611,14012,691
2026Q4S2026-10-05126411,53111,14012,691
2026Q4S2026-10-02127311,55011,14012,691

Estimate history

EPS, annual1.1671.2611.2271.3771.6481.7262.7013.2823.4833.9699
Period201720182019202020212022202320242025TTM
EPS, quarterly0.9010.9060.9160.9050.7040.9421.7090.7360.583
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual16936.87317700.96218292.11119412.85822377.74524998.46133700.29742115.00146735.78551896.99
Period201720182019202020212022202320242025TTM
Sales, quarterly10500.22912253.61711016.7451167511739.6712334.3615162.53112211.26412188.838
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual3813.1283714363035513483.83424.9283383.42833663369.1283345.879
Period201720182019202020212022202320242025MRQ
Shares, quarterly3338.4283366336633663368.4793369.1283369.1283345.8793345.879
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue51,896.9946,735.7942,115.0033,700.3024,998.4622,377.7419,412.8618,292.1117,700.96
Cost of Goods Sold Incl. D&A9,332.489,187.806,802.435,631.784,375.874,019.253,534.033,176.882,992.50
Gross Profit42,564.5137,547.9835,312.5728,068.5220,622.5918,358.4915,878.8315,115.2314,708.46
Selling, General and Administrative Excl. Other17,471.4917,287.3015,130.7913,067.8410,109.358,980.507,602.227,161.187,395.78
Research and Development8,024.026,838.345,513.904,261.923,074.202,589.332,097.021,936.532,147.59
Other Operating Expense--156.51-34.810.000.000.000.000.000.00
Operating Income25,093.0220,417.1920,216.5915,000.6710,513.249,377.998,276.617,954.057,312.68
Interest Expense-638.74240.30107.2378.9765.3282.5875.1024.85
Unusual Expense-1,454.71899.7210.16356.85-146.70238.86454.08251.99
Net Income Before Taxes22,543.9419,741.2518,445.5715,176.109,783.169,393.578,101.977,299.107,534.75
Income Taxes4,907.074,250.113,800.033,045.721,912.381,799.601,680.921,439.431,422.49
Consolidated Net Income17,636.8715,489.7814,645.5412,142.127,844.077,590.166,443.835,839.136,114.16
Net Income From Continuing Operations17,636.8715,489.7814,645.5412,142.127,844.077,590.166,443.835,839.136,114.16
Net Income17,636.8715,489.7814,645.5412,142.127,844.077,590.166,443.835,839.136,114.16
EPS (Recurring)3.993.713.422.701.781.631.411.291.30
EPS (Basic, Before Extraordinaries)3.973.493.292.711.731.651.381.231.26
EPS (Diluted)3.973.483.282.701.731.651.381.231.26
EBITDA27,624.9322,634.9421,455.8116,161.3011,445.9110,222.089,083.428,655.487,915.58
Non-Operating Income (Expense)-137.521,417.51-630.99292.81-294.27-65.80146.81-125.77498.91
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense-169.26258.93243.21169.58128.9398.1742.4551.11
Price To Earnings Ratio10.3410.34--40.0733.8425.3523.5218.17
Price To Sales Ratio3.234.849.1213.8012.3011.538.427.536.31
Gross Margin82.0280.3483.8583.2982.5082.0481.8082.6383.09
Operating Margin48.3543.6948.0044.5142.0641.9142.6343.4841.31
Net Margin33.9833.1434.7836.0331.3833.9233.1931.9234.54
Shares Outstanding3,345.883,369.133,366.003,383.433,424.933,483.803,551.003,630.003,714.00
Market Capitalization137,482.21137,482.21287,171.75350,238.25230,873.62195,092.80124,018.68105,052.2085,551.99

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue12,188.8412,211.2615,162.5312,334.3611,739.6711,675.0011,016.7412,253.62
Cost of Goods Sold Incl. D&A2,181.822,660.442,129.452,360.772,803.391,951.381,818.561,862.58
Gross Profit10,007.029,550.8213,033.089,973.598,936.289,723.629,198.1910,391.04
Selling, General and Administrative Excl. Other4,532.324,261.993,676.675,000.515,209.854,639.043,727.414,874.25
Research and Development2,347.881,782.811,610.482,282.852,410.221,775.781,454.281,973.84
Operating Income5,474.705,288.839,356.414,973.083,726.425,084.585,470.775,516.79
Interest Expense174.53233.37547.95--753.15731.23728.36
Unusual Expense1,657.911,042.243.60-----
Net Income Before Taxes3,298.894,181.259,736.175,327.633,995.435,135.165,224.725,085.04
Income Taxes722.45915.752,132.121,136.75862.911,109.211,128.521,047.84
Consolidated Net Income2,576.443,265.507,604.054,190.883,132.524,025.954,096.204,037.20
Net Income From Continuing Operations2,576.443,265.507,604.054,190.883,132.524,025.954,096.204,037.20
Net Income2,576.443,265.507,604.054,190.883,132.524,025.954,096.204,037.20
EPS (Recurring)0.840.901.710.940.700.910.920.91
EPS (Basic, Before Extraordinaries)0.580.741.710.940.700.910.920.91
EPS (Diluted)0.580.741.710.940.700.910.920.91
EBITDA6,028.785,849.709,906.555,839.904,941.015,818.746,011.126,260.17
Non-Operating Income (Expense)-343.37168.03931.30354.55269.00803.73485.18296.60
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Price To Earnings Ratio10.3411.2410.5814.8015.2620.4321.11-
Price To Sales Ratio3.234.133.214.845.296.757.129.11
Gross Margin82.1078.2185.9680.8676.1283.2983.4984.80
Operating Margin44.9243.3161.7140.3231.7443.5549.6645.02
Net Margin21.1426.7450.1533.9826.6834.4837.1832.95
Shares Outstanding3,345.883,345.883,369.133,369.133,368.483,366.003,366.003,366.00
Market Capitalization137,482.21160,981.56123,815.53171,394.88186,786.55232,330.29233,608.66287,171.75

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments4,239.573,653.084,479.613,383.252,673.452,096.982,324.622,395.553,412.04
Short Term Receivables11,903.8910,386.869,956.957,391.096,385.384,606.393,863.303,645.713,406.72
Inventories7,802.855,672.214,713.893,500.083,000.043,046.932,649.992,502.472,479.36
Other Current Assets3,170.642,753.421,542.901,253.181,028.551,067.31544.09504.60391.59
Total Current Assets27,116.9622,465.5620,693.3515,527.6013,087.4210,817.629,382.009,048.329,689.70
Net Property, Plant & Equipment32,765.9022,450.5713,479.009,568.378,464.818,263.177,593.666,417.185,684.63
Total Investments and Advances394.21371.72246.43192.74220.33270.90271.59271.60192.73
Long-Term Note Receivable--------91.45
Intangible Assets20,449.8715,388.398,951.237,379.036,600.823,395.58876.52788.15536.26
Deferred Tax Assets3,718.323,422.573,020.001,926.991,325.94964.08619.05443.17313.04
Other Assets922.07557.65211.9029.5640.82110.79126.330.000.00
Total Assets85,367.3264,656.4746,601.9134,624.3129,740.1523,822.1418,869.1616,968.4216,507.81
Short Term Debt Incl. Current Port. of LT Debt1,889.581,820.85959.94210.392,092.271,226.10221.4278.89273.21
Accounts Payable3,106.802,380.033,794.412,236.991,356.22939.76955.081,034.93904.78
Income Tax Payable1,323.351,349.141,054.481,017.67559.31643.22632.72706.19684.15
Other Current Liabilities27,591.3624,667.4419,331.3913,891.8011,208.138,742.347,051.076,477.225,727.05
Total Current Liabilities33,911.1030,217.4525,140.2217,356.8615,215.9311,551.418,860.308,297.247,589.19
Long Term Debt18,702.5912,451.963,041.933,490.031,981.73476.21452.010.000.00
Provision for Risks Charges1,036.391,094.901,095.23768.10864.49973.95893.35712.02748.02
Deferred Tax Liabilities1,039.53765.801,505.851,013.37805.93411.2812.0218.08136.44
Other Liabilities165.26202.1828.0114.3555.040.000.000.000.00
Total Liabilities54,854.8744,732.2830,811.2422,642.7118,923.1313,412.8410,217.679,027.348,473.65
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity30,512.4519,924.1815,790.6711,981.6010,817.0210,409.308,651.497,941.088,034.16
Total Shareholders Equity30,512.4519,924.1815,790.6711,981.6010,817.0210,409.308,651.497,941.088,034.16
Accumulated Minority Interest0.000.000.000.000.000.000.000.000.00
Total Equity30,512.4519,924.1815,790.6711,981.6010,817.0210,409.308,651.497,941.088,034.16
Total Liabilities & Stockholders Equity85,367.3264,656.4746,601.9134,624.3129,740.1523,822.1418,869.1616,968.4216,507.81
Book Value Per Share6.874.493.542.662.372.251.841.661.64
Tangible Book Value Per Share2.991.352.021.341.211.982.141.931.97
Full-Time Employees68,79476,30263,37054,39347,79245,32343,25843,20242,076
Price to Book Ratio5.49--30.0523.6015.5215.7413.8917.66
Return on Assets20.6526.3329.9024.3728.3430.1932.5936.5338.11
Return on Equity61.4282.0187.4468.8171.5267.6170.3876.5579.99
Return on Invested Capital31.4745.2464.4750.7059.3059.2064.1476.9971.97
Quick Ratio0.570.560.640.690.660.670.760.790.95
Current Ratio0.800.740.820.890.860.941.061.091.28

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income17,566.1515,489.7814,645.5412,142.127,844.077,590.166,443.835,839.136,114.16
Depreciation2,524.712,217.751,239.221,160.63932.67844.09806.82701.43602.90
Other Funds (Non Cash)-616.39-84.082,078.174,923.863,659.201,926.271,193.251,205.571,033.27
Funds from Operations19,474.4717,445.1717,167.6317,578.9011,898.2610,117.668,612.887,523.967,598.38
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital187.25565.10375.46-1,776.71-753.82-1,375.72-665.67-507.89-533.41
Cash from Operating Activities19,661.7318,010.2717,543.1015,802.1911,144.448,741.947,947.217,016.077,064.97
Capital Expenditures-12,683.50-13,626.63-7,440.97-5,643.68-2,084.17-1,173.72-3,376.67-1,683.63-1,964.29
Net Assets From Acquisitions0.000.00-11,915.490.00-999.49-2,905.770.000.00-
Sale of Fixed Assets and Businesses152.40151.820.000.000.000.001.070.602.06
Purchase or Sale of Investments-252.481,504.76663.77-724.90-436.53-944.22-58.11-45.2747.17
Purchase of Investments-282.03-109.33-2,873.48-1,928.19-1,375.27-1,130.49-59.95-67.46-39.25
Sale Or Maturity of Investments29.551,614.093,537.251,203.29938.75186.271.8422.1986.42
Other Uses0.000.000.000.000.000.000.000.000.00
Other Sources0.000.000.000.000.000.000.000.000.00
Cash from Investing Activities-12,783.58-11,970.05-18,692.69-6,368.58-3,520.19-5,023.71-3,433.71-1,728.31-1,915.07
Cash Dividends Paid-8,114.93-7,827.45-6,401.30-4,609.29-3,574.58-3,419.76-3,076.95-2,909.59-3,014.98
Change in Capital Stock-1,557.30-209.89-2,926.70-4,341.87-3,402.65-3,090.77-2,577.50-2,298.71-2,463.99
Repurchase of Common Pref Stock-1,557.30-209.89-2,926.70-4,341.87-3,402.65-3,090.77-2,577.50-2,298.71-2,463.99
Sale of Common Pref Stock0.000.000.000.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-3,968.8510,800.30-2.76-199.192,458.85723.63-111.0814.88
Change in Long Term Debt-4,696.5010,029.470.001,570.93-0.00-0.00
Issuance of Long Term Debt-12,201.7110,732.690.001,570.93-0.00-0.00
Reduction of Long Term Debt--7,505.21-703.210.00--0.00-0.00
Net Financing Active Other Cash Flow0.000.000.000.000.000.000.000.000.00
Other Financing Activities Uses0.000.000.000.000.000.000.000.000.00
Cash from Financing Activities-4,959.66-4,295.781,266.77-9,164.02-7,317.41-4,051.68-4,930.82-5,319.39-5,464.09
Exchange Rate Effect-6.81-109.9365.99-17.27-33.6293.93-69.73-1.056.96
Net Change in Cash1,911.671,634.51183.16252.32273.22-239.51-487.06-32.68-307.23
Free Cash Flow11,041.778,916.0710,703.2512,057.829,428.577,735.107,056.445,677.075,539.75
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow57.29207.8889.2462.4352.5359.7741.0749.7544.24
Deferred Taxes & Investment Tax Credit--178.29-795.30-647.71-537.68-242.85168.98-222.17-151.95

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments7,042.826,880.093,334.574,239.575,128.922,979.01
Short Term Receivables15,037.5714,362.3413,538.5611,903.8912,592.4011,417.92
Inventories7,780.207,854.397,918.097,802.857,477.657,182.73
Other Current Assets2,163.962,823.652,549.733,170.643,431.404,019.79
Total Current Assets32,024.5531,920.4627,340.9527,116.9628,630.3725,599.45
Net Property, Plant & Equipment36,585.7135,447.8433,918.3432,765.9030,418.7128,439.85
Total Investments and Advances380.01356.38345.55394.21428.94415.05
Intangible Assets16,983.0418,668.8620,031.1520,449.8716,777.9616,971.27
Deferred Tax Assets4,084.363,620.683,667.783,718.323,584.563,736.27
Other Assets980.03983.18923.92922.07799.18698.42
Total Assets91,037.6990,997.4086,227.6885,367.3280,639.7275,860.32
Short Term Debt Incl. Current Port. of LT Debt2,543.212,804.074,195.581,889.581,894.281,882.22
Accounts Payable2,312.102,231.722,282.513,106.803,762.754,437.84
Income Tax Payable4,191.483,129.402,490.051,323.353,515.772,663.24
Other Current Liabilities28,855.1928,403.0325,749.5327,591.3627,717.7023,667.52
Total Current Liabilities37,901.9836,568.2234,717.6733,911.1036,890.5032,650.81
Long Term Debt17,889.9818,628.6318,375.4318,702.5914,037.9013,736.27
Provision for Risks Charges1,356.391,068.68839.891,036.391,505.951,486.36
Deferred Tax Liabilities544.41653.26772.201,039.531,458.881,541.27
Other Liabilities251.62233.86211.40165.262.992.67
Total Liabilities57,944.3757,152.6554,916.5854,854.8753,896.2349,417.38
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity33,093.3233,844.7531,311.1030,512.4526,743.4826,442.93
Total Shareholders Equity33,093.3233,844.7531,311.1030,512.4526,743.4826,442.93
Accumulated Minority Interest0.000.000.000.000.000.00
Total Equity33,093.3233,844.7531,311.1030,512.4526,743.4826,442.93
Total Liabilities & Stockholders Equity91,037.6990,997.4086,227.6885,367.3280,639.7275,860.32
Book Value Per Share7.497.667.056.876.025.95
Tangible Book Value Per Share4.814.543.352.992.962.81
Full-Time Employees---68,79478,55478,387
Price to Book Ratio5.496.805.358.459.3215.28
Return on Assets20.5521.8124.1420.5921.8225.09
Return on Equity58.9560.3573.7961.2568.2975.93
Return on Invested Capital5.056.2215.308.527.6810.02
Quick Ratio0.640.660.560.570.570.56
Current Ratio0.840.870.790.800.780.78

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income2,541.893,279.387,604.054,140.833,321.833,992.82
Depreciation553.71560.17553.74857.091,218.31721.36
Other Funds (Non Cash)3,069.412,436.26711.44-6,833.493,588.78-2,133.04
Funds from Operations6,165.016,275.818,869.23-1,835.578,128.932,581.14
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital224.272,087.91-5,203.993,079.07-812.22616.52
Cash from Operating Activities6,389.278,363.723,665.231,243.507,316.713,197.66
Capital Expenditures-2,105.93-2,001.96-1,885.31-6,690.30-2,494.94-2,436.95
Net Assets From Acquisitions0.000.000.000.000.000.00
Sale of Fixed Assets and Businesses0.000.000.00152.400.000.00
Purchase or Sale of Investments-266.86-6.7410.1810.9352.30331.65
Purchase of Investments-266.75-14.710.00-0.56-7.70-85.27
Sale Or Maturity of Investments-0.107.9710.1811.5060.00416.92
Other Uses0.000.000.000.000.000.00
Other Sources0.000.000.000.000.000.00
Cash from Investing Activities-2,372.79-2,008.70-1,875.13-6,526.96-2,442.64-2,105.31
Cash Dividends Paid-2,548.483.81-5,529.88-40.38-2,706.36-137.43
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-633.07-547.31-375.84-1.08-7.51-6.40
Repurchase of Common Pref Stock-633.07-547.31-375.84-1.08-7.51-6.40
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-915.48-1,150.252,309.07--88.62-2,786.23
Net Financing Active Other Cash Flow0.00-1,013.991,013.990.000.00-921.77
Other Financing Activities Uses0.000.000.000.000.000.00
Cash from Financing Activities-4,097.03-2,707.73-2,582.664,427.76-2,802.49-3,851.83
Exchange Rate Effect12.808.17-43.2215.444.66-118.33
Net Change in Cash-67.753,655.46-835.78-840.262,076.24-2,877.81
Free Cash Flow4,352.906,381.401,893.93-1,586.465,106.661,001.08
Price to Free Cash Flow57.2960.37-207.17112.71143.42

Revenue breakdown

APAC2024: 2.53B 2025: 3.13B
China2024: 2.68B 2025: 2.82B
EUCAN2024: 8.35B 2025: 9.99B
Emerging Markets2024: 4.28B 2025: 4.60B
United States2024: 24.28B 2025: 26.17B
Obesity and Diabetes care2024: 39.42B 2025: 43.75B
Rare Disease2024: 2.70B 2025: 2.96B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-301.14%38.3M3345.7M12.91M
2026-10-151.12%37.4M3345.7M12.77M
2026-09-300.95%31.6M3345.7M12.35M
2026-09-150.79%26.3M3345.7M11.39M
2026-08-310.95%31.6M3345.7M12.28M
2026-08-141.01%33.8M3345.7M12.33M
2026-07-310.88%29.4M3345.7M12.74M
2026-07-150.93%31.1M3357.9M14.16M
2026-06-300.83%27.8M3357.9M15.18M
2026-06-150.73%24.5M3357.9M16.05M
2026-05-290.67%22.7M3369.1M17.08M
2026-05-150.64%21.7M3369.1M20.17M
2026-04-300.42%14.0M3369.0M22.22M
2026-04-150.51%17.0M3369.0M23.13M
2026-03-310.59%19.9M3368.7M24.20M
2026-03-130.73%24.7M3368.7M24.10M
2026-02-270.84%28.3M3368.7M22.86M
2026-02-130.80%27.0M3368.7M21.51M
2026-01-300.94%31.7M3369.0M20.58M
2026-01-150.84%28.2M3368.5M18.58M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call25.0015.7016.3515.804.4798.0014.000.996-0.0230.000
call28.0012.3013.4512.543.90810.0011.000.995-0.0220.000
call29.0011.2012.5511.553.86510.0013.000.995-0.0220.000
call30.0010.2511.3510.623.0746.009.000.994-0.0220.000
call31.009.1010.359.452.81511.007.000.994-0.0220.001
call32.008.209.358.492.5619.007.000.993-0.0210.001
call33.007.258.557.492.72411.006.000.992-0.0210.001
call33.506.757.856.992.1898.006.000.992-0.0210.001
call34.006.257.356.482.0675.0010.000.991-0.0210.001
call34.506.006.856.141.9465.0013.000.990-0.0200.001
call35.005.506.305.601.92223.006.000.990-0.0200.001
call35.505.106.705.222.5365.004.000.989-0.0200.001
call36.004.605.855.392.8618.000.000.988-0.0190.001
call36.504.304.854.311.4624.002.000.978-0.0340.002
call37.003.454.353.961.34117.000.000.976-0.0330.002
call37.503.403.853.321.2192222.000.968-0.0400.002
call38.002.283.352.711.09674.001.000.932-0.0780.004
call38.502.472.862.500.98588.0023.000.916-0.0830.004
call39.002.052.252.220.7042139.000.909-0.0730.005
call39.501.171.890.930.76015810.000.862-0.0910.006
call40.001.121.431.300.6601,6151670.783-0.1160.009
call40.500.790.920.810.52331063.000.681-0.1290.010
call41.000.460.580.520.4731,9065250.537-0.1380.012
call41.500.240.310.290.4246498760.372-0.1210.011
call42.000.120.140.140.3884,4441,1520.288-0.1430.010
call42.500.030.110.050.4633,55099.000.275-0.2010.010
call43.000.030.040.030.4561,7042350.153-0.1140.007
call43.500.010.090.010.5422,05113.000.156-0.1470.007
call44.000.000.020.010.5147301270.098-0.0970.005
call44.500.000.060.010.5916927.000.063-0.0710.004
call45.000.000.250.010.6594,26723.000.035-0.0430.002
call45.500.000.010.010.72524219.000.025-0.0340.002
call46.000.000.220.010.7144129.000.014-0.0200.001
call46.500.000.950.010.77285.000.000.013-0.0200.001
call47.000.000.450.010.8298570.000.012-0.0210.001
call48.000.000.020.010.94360.000.000.011-0.0210.001
call49.000.002.130.061.04852.000.000.010-0.0220.001
call50.000.000.010.021.16714.000.000.009-0.0200.001
call51.000.002.130.001.2520.000.000.008-0.0230.001
call52.000.000.750.041.3491.000.000.008-0.0230.001
call55.000.000.270.011.6241890.000.007-0.0240.001
put25.000.000.150.012.7311.000.00-0.004-0.0250.000
put28.000.002.130.062.15621.000.00-0.005-0.0240.000
put29.000.002.130.461.9763.000.00-0.005-0.0240.000
put30.000.002.130.091.80256.000.00-0.006-0.0230.000
put31.000.002.130.041.6322020.00-0.006-0.0230.001
put32.000.002.130.061.4665400.00-0.007-0.0230.001
put33.000.002.130.011.3041730.00-0.008-0.0220.001
put33.500.001.550.951.22566.000.00-0.008-0.0220.001
put34.000.000.690.011.1457140.00-0.009-0.0220.001
put34.500.001.350.081.0672.000.00-0.009-0.0210.001
put35.000.000.350.010.9894310.00-0.010-0.0210.001
put35.500.001.000.020.9124190.00-0.011-0.0210.001
put36.000.000.010.020.9023500.00-0.028-0.0440.002
put36.500.002.130.070.8411190.00-0.022-0.0340.002
put37.000.000.720.010.75839520.00-0.024-0.0340.002
put37.500.000.020.020.67818239.00-0.040-0.0470.003
put38.000.000.060.030.6262091.00-0.047-0.0500.003
put38.500.000.500.050.6123711.00-0.084-0.0840.004
put39.000.010.060.030.51648264.00-0.091-0.0730.005
put39.500.020.050.050.4187296.00-0.138-0.0910.006
put40.000.070.100.080.408725116-0.217-0.1170.009
put40.500.110.230.300.408885221-0.319-0.1300.010
put41.000.240.420.380.403475111-0.463-0.1380.012
put41.500.530.671.000.3781871.00-0.627-0.1210.011
put42.000.881.401.620.7473148.00-0.712-0.1430.010
put42.501.222.642.161.35887.000.00-0.724-0.2010.010
put43.001.582.402.401.0287432.00-0.847-0.1140.007
put43.502.043.403.101.6501670.00-0.843-0.1470.007
put44.002.574.052.941.9282100.00-0.902-0.1000.005
put44.503.204.604.142.10820.000.00-0.936-0.0710.004
put45.002.655.054.722.18796.000.00-0.964-0.0430.002
put45.504.155.605.062.3591.000.00-0.985-0.0190.001
put46.004.056.106.412.4782.000.00-0.986-0.0200.001
put46.505.156.606.062.5931.000.00-0.987-0.0200.001
put47.005.057.106.682.7042.000.00-0.988-0.0200.001
put48.006.658.107.612.9192.000.00-0.989-0.0210.001
put49.007.609.100.003.1230.000.00-0.990-0.0210.001
put50.008.6510.109.363.3170.000.00-0.991-0.0220.001
put51.009.6011.100.003.5030.000.00-0.991-0.0220.001
put52.0010.6512.100.003.6820.000.00-0.992-0.0220.001
put55.0013.6515.100.004.1800.000.00-0.993-0.0230.001

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-096-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-11-09SEC
2026-11-056-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-11-05SEC
2026-11-046-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-11-036-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-11-03SEC
2026-10-266-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-26SEC
2026-10-196-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-19SEC
2026-10-136-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162023-10-12SEC
2026-10-066-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-05SEC
2026-10-056-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-02SEC
2026-09-286-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-28SEC
2026-09-216-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-21SEC
2026-09-176-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-17SEC
2026-09-156-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-14SEC
2026-09-096-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-07SEC
2026-08-316-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-31SEC
2026-08-246-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-24SEC
2026-08-186-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-17SEC
2026-08-106-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-10SEC
2026-08-106-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-06SEC
2026-08-046-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-04SEC
2026-08-046-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-04SEC
2026-08-046-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-30SEC
2026-07-316-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-07-31SEC
2026-07-276-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-07-27SEC
2026-07-216-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-07-20SEC
2026-07-136-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-07-13SEC
2026-07-066-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-07-06SEC
2026-06-296-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-29SEC
2026-06-246-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-22SEC
2026-06-2211-KAnnual reports of employee stock purchase, savings and similar plans pursuant to Section 15(d)2025-12-31SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-050000
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
DODGE & COX0.61%
LOOMIS SAYLES & CO L P0.55%
FRANKLIN RESOURCES INC0.39%
PRICE T ROWE ASSOCIATES INC /MD/0.35%
MORGAN STANLEY0.35%
BANK OF AMERICA CORP /DE/0.33%
Capital International Investors0.29%
FOLKETRYGDFONDET0.28%
GOLDMAN SACHS GROUP INC0.27%
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP0.25%

Funds

Fund% owned
Dodge & Cox Stock Fund0.45%
Putnam Large Cap Value Fund0.24%
Washington Mutual Investors Fund0.16%
Loomis Sayles Growth Fund0.15%
American Balanced Fund0.14%
T. Rowe Price International Stock Fund0.08%
Putnam Focused Large Cap Value ETF0.06%
ALGER FOCUS EQUITY FUND0.05%
T. Rowe Price Equity Income Fund0.05%
Amana Growth Fund0.05%

OakChart. NVO. Cached 15 minutes.

Some panels did not load: insider.