OakChart

Novartis AG ADR

NVSHealthcare·Drug Manufacturers - General·Switzerland·Mega·NYSE·Nov 11 • 3:59 PM ET

160.32-2.94 (-1.80%)
2026-11-12 00:13 CET
Market cap
298,855.59 USD m
Revenue, TTM
55,353.50 USD m
Net income, TTM
10,038.46 USD m
Free cash flow, TTM
15,645.48 USD m
EPS diluted, TTM
5.24
P/E
30.62
Compare

Price

NVS against its 20, 50 and 200-day averages
2050200miss
140.00150.00160.005.1M10.3MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26NVSclose 160.3220-day 157.6250-day 149.23200-day 152.45160.32

5.9% under the 52-week high of 170.46 on 27 Feb 2026. 52-week low 123.24 on 20 Nov 2025. Last 15 sessions, 11.3% high to low

Volume 1.10× normal · the line is the 50-bar volume average

Profile

NVS
52-week range, 79% of the way up
123.24170.46

Novartis AG is a holding company, which engages in the business of developing, manufacturing, and marketing healthcare products. Its product portfolio is heavily focused on innovative prescription medicines, especially oncology, immunology, neuroscience, and cardiovascular diseases, supplemented by established older brands and a wide range of specialized therapies. The company was founded on February 29, 1996 and is headquartered in Basel, Switzerland.

Employees75267
IPONov 07, 1996
Beta0.40
ATR, 14d3.32
Rel volume1.10
Short float0.25%
Insider own0.01%
Inst own7.53%

Snapshot

6 groups

Valuation

Index-
Market Cap293.47B
Enterprise Value333.14B
Income10.04B
Sales55.35B
Book/sh19.71
Cash/sh4.90
Dividend Est.4.40 (2.74%)
Dividend TTM4.74 (2.96%)
Dividend Ex-DateMar 11, 2026
Dividend Gr. 3/5Y10.71% 8.17%
Payout42.50%
Employees75267
IPONov 07, 1996

Ratios

P/E30.62
Forward P/E16.22
PEG2.51
P/S5.30
P/B8.13
P/C32.70
P/FCF18.76
EV/EBITDA15.07
EV/Sales6.02
Quick Ratio0.70
Current Ratio0.88
Debt/Eq1.30
LT Debt/Eq1.03
Option/ShortYes / Yes

Earnings

EPS (ttm)5.24
EPS next Y9.89
EPS next Q2.25
EPS this Y-0.81%
EPS next Y10.99%
EPS next 5Y6.46%
EPS past 3/5Y31.40% 15.24%
Sales past 3/5Y9.03% 2.29%
EPS Y/Y TTM-28.72%
Sales Y/Y TTM1.64%
EPS Q/Q-68.95%
Sales Q/Q4.03%
EarningsOct 27 BMO
EPS/Sales Surpr.8.32% -0.07%

Ownership

Insider Own0.01%
Insider Trans0.00%
Inst Own7.53%
Inst Trans7.78%
ROA8.95%
ROE24.62%
ROIC13.28%
Gross Margin74.30%
Oper. Margin30.47%
Profit Margin18.14%
SMA201.72%
SMA507.43%
SMA2005.16%
Trades-

Technical

Shs Outstand1.89B
Shs Float1.83B
Short Float0.25%
Short Ratio2.15
Short Interest4.52M
52W High170.46 -5.95%
52W Low123.24 30.09%
Volatility1.91% 1.78%
ATR (14)3.32
RSI (14)58.19
Beta0.40
Rel Volume1.10
Avg Volume2.10M
Volume2,322,033

Performance

Perf Week-2.82%
Perf Month12.58%
Perf Quarter5.67%
Perf Half Y7.06%
Perf YTD16.28%
Perf Year22.85%
Perf 3Y71.39%
Perf 5Y104.52%
Perf 10Y157.38%
Recom2.00
Target Price159.50
Prev Close163.26
Price160.32
Change %-1.80%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 30, 2026DowngradeDDeutsche BankHold → Sell
Sep 10, 2026UpgradeHHSBC SecuritiesReduce → Hold
Sep 09, 2026InitiatedRRBC Capital MktsSector Perform
Sep 09, 2026DowngradeDDeutsche BankBuy → Hold
Mar 11, 2026UpgradeAArgusHold → Buy$180+12.3%
Jan 27, 2026InitiatedCCitigroupBuy
Jan 06, 2026UpgradeBBarclaysUnderweight → Equal Weight
Dec 08, 2025UpgradeJJP MorganNeutral → Overweight
Dec 03, 2025UpgradeMMorgan StanleyEqual-Weight → Overweight
Nov 25, 2025UpgradeBBofA SecuritiesNeutral → Buy

Peers

Mkt cap
TickerCompanyMkt cap
AZNAstrazeneca plc287.66B
MRKMerck & Co Inc362.83B
PFEPfizer Inc167.86B
SNYSanofi ADR115.43B
ABBVAbbvie Inc521.41B
BMYBristol-Myers Squibb Co128.59B
GSKGSK Plc ADR101.43B
JNJJohnson & Johnson675.03B
AMGNAMGEN Inc253.21B
LLYLilly(Eli) & Co1352.12B

Insider trading

4 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Bulto Carulla VictorOfficerOct 28 '26Proposed Sale155.536,000933,180Oct 28 10:46 AM
Bulto Carulla VictorOfficerApr 30 '26Proposed Sale148.106,8001,007,093Apr 30 12:05 PM
Marshall FionaOfficerFeb 12 '26Proposed Sale161.3530,7434,960,277Feb 12 02:43 PM
Bulto Carulla VictorOfficerFeb 09 '26Proposed Sale156.217,5001,171,576Feb 09 11:49 AM

Held by

AUM
TickerCompanyAUM
DFIVDimensional International Value ETFAUM: 22.39B
DFAIDimensional International Core Equity Market ETFAUM: 18.32B
DFICDimensional International Core Equity 2 ETFAUM: 15.45B
AVDEAvantis International Equity ETFAUM: 19.73B
DIHPDimensional International High Profitability ETFAUM: 6.60B
DFAXDimensional World ex U.S. Core Equity 2 ETFAUM: 12.02B
FENIFidelity Enhanced International ETFAUM: 11.73B
PPHVanEck Pharmaceutical ETFAUM: 1.09B
FVDFirst Trust Value Line Dividend Index FundAUM: 8.21B
BFLXiShares Flexible Equity Active ETFAUM: 2.15B

News

latest 14 of 200

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-272.4602.2710.63014,52214,53211
2026Q22026-07-212.4102.1721.70714,40814,0678
2026Q12026-04-281.9902.0981.65413,11313,4388
2025Q42026-02-042.0301.9831.24913,33613,70410
2025Q32025-10-282.2502.2732.02013,90913,8759
2025Q22025-07-172.4202.3512.09514,05414,07010
2025Q12025-04-292.2802.1141.82413,23313,08211
2024Q42025-01-311.9801.8051.39613,15312,83811
2024Q32024-10-292.0601.9391.59012,82312,79211
2024Q22024-07-181.9701.8501.58412,51212,45014
2024Q12024-04-231.8001.6781.30011,82911,44010
2023Q42024-01-311.5301.6514.17611,42311,8849
2023Q32023-10-241.7401.6670.84511,78212,4168
2023Q22023-07-181.7351.6391.10513,62213,4748
2023Q12023-04-251.7101.5321.08412,95312,7178
2022Q42023-02-011.5201.4200.68612,69013,22011

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY5.1185.0063.03947,44548,001
2020FY5.4785.4913.53748,65949,247
2021FY5.9625.96010.62551,62652,089
2022FY5.8015.6993.17250,54551,517
2023FY6.4706.6697.12445,44046,801
2024FY7.8107.5395.86550,31750,436
2025FY8.9808.9277.15054,53255,469
2026FY-8.908--57,283
2027FY-9.886--61,098
2028FY-10.834--64,948
2029FY-12.063--68,315
2030FY-12.971--71,269

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-0480414,64714,01115,239
2026Q4S2026-10-2780314,69014,17315,239
2026Q4S2026-10-1582114,79814,35515,346
2026Q4S2026-10-1382014,85114,35515,346
2026Q4S2026-10-0982014,85614,35515,390
2026Q4S2026-10-0782014,85014,35515,390
2026Q4S2026-10-0583014,85014,35515,390
2026Q4S2026-10-0482014,82814,35515,390
2026Q4S2026-10-0182214,82814,35515,390
2026Q4S2026-09-2982214,80014,35515,240
2026Q4S2026-09-1772214,81614,35515,240
2026Q4S2026-09-1562214,82014,35515,240
2026Q4S2026-09-1161314,78514,35515,240
2026Q4S2026-09-0961314,78514,35515,240

Estimate history

EPS, annual3.2665.3923.0393.53710.6253.1727.1245.8657.195.2362
Period201720182019202020212022202320242025TTM
EPS, quarterly1.591.3961.8242.0952.021.2491.6541.7070.627
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual49350.21844935.54747546.80148949.43751608.86242288.27145602.59950288.5454811.25255353.5
Period201720182019202020212022202320242025TTM
Sales, quarterly12962.76313059.8813243.8214279.66813875.95613334.98613165.22814417.87614435.406
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual2317.4562311.1712265.0082256.8222234.942119.6092044.0341975.0891908.1521888.624
Period201720182019202020212022202320242025MRQ
Shares, quarterly1999.271975.0891959.2541935.8531918.7921908.1521908.0921830.5491888.624
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue55,353.5054,811.2550,288.5445,602.6042,288.2751,608.8648,949.4447,546.8044,935.55
Cost of Goods Sold Incl. D&A14,225.6413,689.7512,807.7512,617.9911,448.2715,861.7315,211.2514,439.8214,543.19
Gross Profit41,127.8641,121.5137,480.7932,984.6130,840.0035,747.1333,738.1833,106.9830,392.36
Selling, General and Administrative Excl. Other24,262.1024,047.5222,062.5120,865.4020,355.6024,417.8922,959.2323,302.9221,734.60
Research and Development11,362.0510,741.739,505.628,252.428,076.719,536.839,033.609,411.668,508.42
Other Operating Expense-0.000.00209.7598.19-268.91-104.62-298.31-201.46
Operating Income16,865.7617,073.9915,418.2711,909.4610,386.2111,598.1510,883.5810,102.378,859.22
Interest Expense1,575.871,187.051,036.41876.12834.62904.70926.50902.93973.22
Unusual Expense3,660.031,148.851,924.913,614.894,066.91683.771,718.191,833.881,666.80
Net Income Before Taxes12,663.1116,447.8013,670.269,168.697,202.0110,794.429,259.948,289.517,674.51
Income Taxes2,632.632,397.211,700.04552.971,130.202,118.301,817.791,794.841,297.96
Consolidated Net Income10,020.4914,038.5211,932.258,602.676,060.7924,010.038,119.177,154.3412,829.28
Net Income From Continuing Operations10,038.4614,055.6111,934.258,598.666,060.7924,013.038,120.187,149.3412,826.27
Net Income10,038.4614,055.6111,934.2514,903.146,968.5624,013.038,120.187,048.2312,639.85
EPS (Recurring)6.617.606.538.334.4710.844.063.595.89
EPS (Basic, Before Extraordinaries)5.267.255.917.183.1910.713.573.085.45
EPS (Diluted)5.247.195.867.123.1710.633.543.045.39
EBITDA22,113.3922,426.2621,483.8420,216.0817,104.2817,025.3516,024.0815,934.3514,082.14
Non-Operating Income (Expense)1,033.251,709.711,213.311,750.241,717.34784.741,021.06923.951,455.32
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense935.43875.78824.29712.53641.96625.91632.23--
Price To Earnings Ratio31.0231.0211.2727.008.787.7225.2317.5714.97
Price To Sales Ratio4.914.923.944.634.713.834.434.624.48
Gross Margin74.3075.0274.5372.3372.9369.2768.9269.6367.64
Operating Margin30.4731.1530.6626.1224.5622.4722.2321.2519.72
Net Margin18.1425.6423.7332.6816.4846.5316.5914.8228.13
Shares Outstanding1,888.621,908.151,975.092,044.032,119.612,234.942,256.822,265.012,311.17
Market Capitalization298,855.59298,855.59190,386.04201,270.57189,304.73184,174.12197,086.59205,090.01188,255.56

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue14,435.4114,417.8813,165.2313,334.9913,875.9614,279.6713,243.8213,059.88
Cost of Goods Sold Incl. D&A3,551.693,680.523,451.693,541.733,526.603,372.293,229.643,300.47
Gross Profit10,883.7110,737.359,713.539,793.2610,349.3510,907.3710,014.189,759.41
Selling, General and Administrative Excl. Other6,029.836,002.115,957.636,272.526,153.356,154.265,427.436,005.18
Research and Development2,960.242,758.892,806.132,836.782,857.202,658.012,366.932,528.97
Other Operating Expense-0.00-0.00-0.000.000.00
Operating Income4,853.884,735.243,755.903,520.734,196.014,753.124,586.753,754.23
Interest Expense465.21462.32344.37303.98280.33293.64270.22273.05
Unusual Expense2,414.52700.4818.07526.9688.79364.7649.04587.81
Net Income Before Taxes1,312.134,273.933,857.303,219.764,190.024,606.804,413.613,264.72
Income Taxes120.281,012.69685.72813.94265.37515.14798.65461.71
Consolidated Net Income1,188.873,259.233,168.572,403.823,920.664,088.613,611.952,800.04
Net Income From Continuing Operations1,194.833,266.243,168.572,408.823,918.674,105.893,608.952,798.05
Net Income1,194.833,266.243,168.572,408.823,918.674,105.893,608.952,798.05
EPS (Recurring)1.511.961.661.442.052.231.841.60
EPS (Basic, Before Extraordinaries)0.631.711.661.262.032.111.831.41
EPS (Diluted)0.631.711.651.252.022.091.821.40
EBITDA6,156.075,936.074,949.645,071.615,452.025,931.745,737.695,370.71
Non-Operating Income (Expense)-662.03701.48463.84529.96363.14512.09146.12371.35
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense227.19228.71241.84237.69212.55215.67207.15213.36
Price To Earnings Ratio31.0222.1921.1118.6718.4518.8118.8511.27
Price To Sales Ratio4.915.475.354.864.574.434.263.88
Gross Margin75.4074.4773.7873.4474.5876.3875.6174.73
Operating Margin33.6232.8428.5326.4030.2433.2934.6328.75
Net Margin8.2822.6524.0718.0628.2428.7527.2521.42
Shares Outstanding1,888.621,830.551,908.091,908.151,918.791,935.851,959.251,975.09
Market Capitalization298,855.59286,883.80279,616.51261,619.35243,345.66229,626.16211,542.22190,386.04

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments11,590.0213,457.0214,427.9718,930.0528,328.8911,563.0411,445.9515,951.939,485.03
Short Term Receivables10,934.028,211.018,123.988,936.028,827.979,073.039,171.969,675.9610,070.03
Inventories6,269.015,723.015,912.997,175.026,665.977,131.035,981.976,955.976,867.02
Other Current Assets1,667.002,313.002,016.001,869.001,894.991,906.012,903.992,978.991,786.00
Total Current Assets30,460.0529,704.0530,480.9436,910.0945,717.8329,673.1129,503.8735,562.8428,208.08
Net Property, Plant & Equipment12,352.0210,873.0210,923.9812,195.0313,105.9513,939.0513,745.9415,695.9316,464.04
Total Investments and Advances1,091.001,128.001,827.001,606.002,267.9911,611.0410,433.959,788.9616,645.04
Long-Term Note Receivable1,213.00904.00871.00863.00895.00833.00569.00563.00591.00
Intangible Assets54,978.0951,671.0850,219.9060,945.1563,776.7666,808.2555,310.7674,012.6761,747.16
Deferred Tax Assets10,058.028,876.018,187.988,051.027,831.978,344.037,951.978,781.968,380.02
Other Assets5,417.013,607.011,313.001,195.002,287.99981.00897.001,239.991,195.00
Total Assets115,569.20106,763.17103,823.80121,765.29135,883.49132,189.50118,412.49145,645.35133,230.36
Short Term Debt Incl. Current Port. of LT Debt5,784.018,324.016,313.996,127.016,501.989,877.047,091.979,619.965,201.01
Accounts Payable4,456.014,572.014,925.995,146.015,552.985,403.025,423.985,555.985,169.01
Income Tax Payable1,969.001,599.001,893.002,533.012,414.992,458.012,193.992,037.991,723.00
Other Current Liabilities15,069.0314,197.0213,256.9714,850.0415,737.9415,321.0613,553.9412,392.9411,310.03
Total Current Liabilities27,278.0528,692.0426,389.9528,656.0730,207.8933,059.1328,263.8829,606.8723,403.06
Long Term Debt29,592.0522,934.0420,033.9621,782.0524,522.9127,978.1122,055.9022,469.9023,224.06
Provision for Risks Charges3,176.013,034.003,329.993,328.014,696.985,541.025,418.985,947.975,671.02
Deferred Tax Liabilities8,017.016,936.016,126.996,998.027,158.977,552.035,909.977,557.975,319.01
Other Liabilities957.001,041.001,193.001,578.001,474.991,393.011,212.991,370.991,386.00
Total Liabilities69,020.1262,637.1057,073.8962,342.1568,061.7475,523.2962,861.7366,953.7059,003.16
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 Equity46,130.0844,046.0746,666.9159,342.1467,654.7556,598.2155,473.7678,613.6574,168.20
Total Shareholders Equity46,130.0844,046.0746,666.9159,342.1467,654.7556,598.2155,473.7678,613.6574,168.20
Accumulated Minority Interest419.0080.0083.0081.00167.0068.0077.0078.0059.00
Total Equity46,549.0844,126.0746,749.9159,423.1467,821.7456,666.2255,550.7678,691.6574,227.20
Total Liabilities & Stockholders Equity115,569.20106,763.17103,823.80121,765.29135,883.49132,189.50118,412.49145,645.35133,230.36
Book Value Per Share24.1822.3022.8328.0030.2725.0824.4934.0132.00
Tangible Book Value Per Share-4.64-3.86-1.74-0.761.74-4.520.071.995.36
Full-Time Employees75,26775,88376,057101,703104,323105,794103,914104,780121,597
Price to Book Ratio8.284.495.443.042.743.563.662.392.55
Return on Assets12.6411.337.624.7017.926.485.419.205.87
Return on Equity31.1726.3116.229.5438.6514.4910.6616.7910.39
Return on Invested Capital18.5617.8222.348.5926.059.609.0912.507.95
Quick Ratio0.890.840.931.041.290.680.830.970.91
Current Ratio1.121.041.161.291.510.901.041.201.21

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income10,010.6914,038.5211,932.258,606.696,060.7924,010.038,119.177,154.3412,829.28
Depreciation7,762.355,352.276,065.578,306.626,718.075,427.205,140.505,831.995,222.92
Other Funds (Non Cash)3,246.153,288.762,104.811,387.953,684.17-13,184.623,510.831,732.78-3,376.71
Funds from Operations21,019.1822,317.7019,421.0116,419.5515,836.8115,943.7116,475.7614,364.7414,366.79
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-3,703.75-3,075.67-1,811.97-1,909.81-1,573.06-877.71-2,744.28-725.74-62.14
Cash from Operating Activities17,315.4419,242.0317,609.0314,509.7414,263.7515,066.0013,731.4713,639.0014,304.64
Capital Expenditures-3,324.57-3,919.97-3,811.84-2,762.85-2,244.37-3,030.99-2,661.79-2,319.38-2,693.15
Net Assets From Acquisitions-16,603.35-3,019.38-3,908.79-3,570.73-841.64-566.81-10,016.43-3,763.86-13,714.30
Sale of Fixed Assets and Businesses31.9913.0785.95237.85158.31239.9288.53857.88102.23
Purchase or Sale of Investments896.561,883.6042.9810,876.784,665.086,812.74-927.503,180.2610,870.81
Purchase of Investments-210.13-304.55-3,655.93-760.71-34,901.90-16,588.49-2,149.76-536.55-2,651.05
Sale Or Maturity of Investments1,106.692,188.153,698.9111,637.4939,566.9823,401.231,222.253,716.8113,521.86
Other Uses-24.12-24.120.00-1,127.02-436.850.00-127.76-1,160.19-1,003.29
Other Sources324.52164.8482.951,962.00170.33751.75384.28977.00833.90
Cash from Investing Activities-18,698.99-4,901.97-7,508.755,616.021,470.864,206.60-13,260.68-2,228.29-5,603.79
Cash Dividends Paid-9,058.30-7,858.04-7,619.69-7,280.96-7,520.63-7,365.55-7,028.70-6,651.83-6,981.93
Change in Capital Stock-6,231.79-9,232.04-8,296.30-8,596.65-10,572.57-3,003.00-2,106.50-5,337.48-1,339.06
Repurchase of Common Pref Stock-6,249.78-9,259.17-8,326.29-8,750.20-10,672.76-3,055.99-2,858.96-5,538.68-2,040.66
Sale of Common Pref Stock17.9927.1429.98153.55100.1952.98752.46201.21701.60
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net16,489.662,724.884,649.37-1,683.00-2,327.53-5,668.127,428.07-4,688.814,186.55
Change in Long Term Debt15,484.622,719.863,980.75-2,230.95-2,580.02-2,145.295,153.58-3,105.192,495.70
Issuance of Long Term Debt18,893.996,129.236,139.530.000.0015.997,168.5393.102,862.53
Reduction of Long Term Debt-3,409.37-3,409.37-2,158.78-2,230.95-2,580.02-2,161.28-2,014.96-3,198.28-366.84
Net Financing Active Other Cash Flow-111.41-295.51-206.883,490.4581.1693.97-200.193,310.40-119.27
Other Financing Activities Uses-124.41-295.51-292.830.00-38.07-3.00-200.19-6.01-186.43
Cash from Financing Activities808.04-14,943.13-11,735.36-14,329.09-20,602.08-16,258.60-2,221.18-13,641.00-4,253.71
Exchange Rate Effect-98.52578.95-297.83100.36-32.06-265.91287.7169.07-26.06
Net Change in Cash-674.03-24.12-1,932.915,897.03-4,899.532,748.09-1,462.68-2,161.224,421.09
Free Cash Flow15,645.4817,686.1116,243.8113,445.9413,345.9613,688.4512,448.8612,258.5813,047.78
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow41.2327.4322.9634.2634.2131.2640.0039.1633.16
Deferred Taxes & Investment Tax Credit--361.84-681.61-1,881.71-626.22-308.90-294.75-354.36-308.70

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments8,975.037,690.036,977.0111,590.029,752.976,999.99
Short Term Receivables9,963.039,854.049,602.0210,934.028,983.979,175.99
Inventories6,104.026,220.026,286.016,269.016,420.986,306.99
Other Current Assets3,705.013,587.013,742.011,667.003,039.993,456.00
Total Current Assets28,747.0827,351.1126,607.0530,460.0528,197.9125,938.97
Net Property, Plant & Equipment12,271.0412,267.0512,238.0212,352.0211,990.9611,825.99
Total Investments and Advances2,097.012,371.012,431.001,091.002,152.992,161.00
Intangible Assets67,002.2068,841.2867,028.1354,978.0954,587.8254,792.94
Deferred Tax Assets5,346.025,277.025,247.0110,058.025,575.985,201.99
Other Assets1,686.005,926.024,981.015,417.014,782.984,473.99
Total Assets117,149.34122,033.49118,532.23115,569.20107,288.66104,394.88
Short Term Debt Incl. Current Port. of LT Debt9,928.039,862.047,888.025,784.017,783.988,572.99
Accounts Payable4,243.014,258.024,322.014,456.014,554.994,505.99
Income Tax Payable2,652.012,312.011,807.001,969.003,341.992,826.00
Other Current Liabilities15,702.0515,316.0617,357.0315,069.0316,318.9515,808.98
Total Current Liabilities32,525.0931,748.1331,374.0627,278.0531,999.9031,713.96
Long Term Debt38,382.1139,152.1639,110.0729,592.0524,237.9224,063.97
Provision for Risks Charges0.000.000.003,176.010.000.00
Deferred Tax Liabilities4,397.015,292.025,104.018,017.012,170.992,321.00
Other Liabilities4,281.013,895.024,017.01957.004,127.994,242.00
Total Liabilities79,585.2380,087.3279,605.1569,020.1262,536.8062,340.93
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity37,228.1141,542.1738,512.0746,130.0844,329.8641,984.95
Total Shareholders Equity37,228.1141,542.1738,512.0746,130.0844,329.8641,984.95
Accumulated Minority Interest336.00404.00415.00419.00422.0069.00
Total Equity37,564.1141,946.1738,927.0746,549.0844,751.8642,053.95
Total Liabilities & Stockholders Equity117,149.34122,033.49118,532.23115,569.20107,288.66104,394.88
Book Value Per Share19.7122.6920.1824.1823.1021.69
Tangible Book Value Per Share-15.76-14.91-14.94-4.64-5.35-6.62
Full-Time Employees---75,267--
Price to Book Ratio8.287.766.325.975.916.18
Return on Assets8.9511.2712.4512.6313.6913.61
Return on Equity24.6230.5635.3831.1432.9332.82
Return on Invested Capital1.584.054.083.185.726.22
Quick Ratio0.700.670.650.890.680.62
Current Ratio0.880.860.851.120.880.82

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income1,182.483,258.323,168.572,401.313,926.134,102.08
Depreciation3,574.611,400.801,232.891,554.051,464.591,179.63
Other Funds (Non Cash)1,061.691,514.1379.31591.02105.311,580.59
Funds from Operations5,818.786,173.244,480.784,546.385,496.036,862.29
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-335.75-285.19-790.13-2,292.681,077.85-92.84
Cash from Operating Activities5,483.045,888.053,690.642,253.706,573.886,769.45
Capital Expenditures-738.72-758.17-810.21-1,017.46-829.52-578.99
Net Assets From Acquisitions-1,036.65-2,304.14-12,090.97-1,171.60-151.61-1,692.17
Sale of Fixed Assets and Businesses-0.0726.055.020.990.961.11
Purchase or Sale of Investments64.22-272.611,116.43-11.4969.607.48
Purchase of Investments-28.79-46.00-54.22-81.13-103.21-62.22
Sale Or Maturity of Investments93.01-226.601,170.6469.64172.8169.70
Other Uses0.003.01-3.01-24.120.000.00
Other Sources-3.46215.470.00112.5152.330.00
Cash from Investing Activities-1,714.67-3,090.39-11,782.74-2,111.18-858.23-2,262.57
Cash Dividends Paid19.19-2,865.95-6,221.6810.1429.80-2,564.97
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-1,691.61-1,184.16-1,882.47-1,473.56-2,294.15-2,749.33
Repurchase of Common Pref Stock-1,691.58-1,198.19-1,882.47-1,477.55-2,296.08-2,769.54
Sale of Common Pref Stock-0.0314.030.003.991.9320.21
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-730.282,153.5311,692.393,374.02-440.02244.88
Change in Long Term Debt-27.301,966.4510,961.492,583.99135.870.00
Issuance of Long Term Debt-27.301,966.4510,961.495,993.36135.870.00
Reduction of Long Term Debt0.000.000.00-3,409.370.000.00
Net Financing Active Other Cash Flow1.98-67.2978.31-124.4122.87-216.96
Other Financing Activities Uses0.000.000.00-124.4122.87-193.96
Cash from Financing Activities-2,467.42-2,030.883,593.251,713.08-2,754.45-5,353.76
Exchange Rate Effect-38.80-17.90-77.3135.48-24.28387.75
Net Change in Cash1,262.14748.89-4,576.151,891.092,936.92-459.13
Free Cash Flow5,092.435,566.993,343.261,642.806,219.846,432.47
Price to Free Cash Flow41.2338.8332.9227.0621.0720.58

Revenue breakdown

Revenue split-

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-300.25%4.5M1830.4M2.04M
2026-10-150.31%5.6M1830.4M1.97M
2026-09-300.31%5.6M1830.4M1.95M
2026-09-150.28%5.2M1830.4M2.08M
2026-08-310.31%5.6M1830.4M1.85M
2026-08-140.27%5.0M1830.4M1.84M
2026-07-310.29%5.2M1830.4M1.82M
2026-07-150.31%5.7M1830.4M1.74M
2026-06-300.29%5.4M1830.4M1.72M
2026-06-150.29%5.2M1830.4M1.58M
2026-05-290.25%4.5M1830.4M1.74M
2026-05-150.24%4.5M1830.4M1.96M
2026-04-300.25%4.5M1830.4M2.26M
2026-04-150.32%5.8M1830.4M2.32M
2026-03-31-6.3M-2.35M
2026-03-130.39%7.5M1907.9M2.25M
2026-02-270.36%6.8M1907.9M2.02M
2026-02-130.39%7.5M1907.9M1.89M
2026-01-300.27%5.1M1908.0M1.63M
2026-01-150.30%5.7M1897.5M1.64M

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call70.0088.5092.000.002.9420.000.000.994-0.0420.004
call75.0083.6086.0091.002.7181.000.000.994-0.0420.004
call80.0078.6082.0085.803.0433.000.000.993-0.0420.004
call85.0073.6077.3080.902.93037.000.000.993-0.0420.005
call90.0068.6072.1075.802.63543.000.000.992-0.0420.005
call95.0063.6066.000.001.9490.000.000.992-0.0420.005
call10058.6062.0062.801.78126.000.000.991-0.0420.006
call10553.6056.000.001.6210.000.000.990-0.0420.006
call11048.6051.3052.801.59614.000.000.989-0.0420.007
call11543.6046.3051.101.43910.000.000.988-0.0420.007
call12038.6041.100.001.2170.000.000.987-0.0410.008
call12533.6036.5017.861.19924.000.000.985-0.0410.009
call13028.6031.3032.800.9963.000.000.983-0.0400.010
call13523.7026.3025.900.85583.000.000.973-0.0530.015
call14018.7021.1024.500.6672670.000.968-0.0510.018
call14513.9016.4020.090.5959750.000.936-0.0810.031
call1509.5011.8013.010.5133590.000.872-0.1180.052
call1556.407.206.420.3992,7991.000.735-0.1740.082
call1603.303.803.540.3601,2262240.530-0.2180.099
call1651.251.601.300.3382,21389.000.306-0.1700.088
call1700.400.600.450.3391,29234.000.174-0.1410.064
call1750.002.250.120.4497582.000.119-0.1300.050
call1800.000.150.040.4112347.000.037-0.0470.020
call1850.002.150.050.4866.000.000.032-0.0500.018
call1900.000.100.050.4532250.000.023-0.0330.014
call1950.002.050.450.5923.000.000.019-0.0390.012
call2000.002.150.000.6560.000.000.017-0.0400.011
call2100.001.350.500.77764.000.000.015-0.0420.010
call2200.001.350.150.8899.000.000.013-0.0430.009
put70.000.000.250.002.1820.000.00-0.005-0.0450.004
put75.000.002.150.102.0533.000.00-0.006-0.0460.004
put80.000.002.150.001.8920.000.00-0.006-0.0450.004
put85.000.002.150.001.7400.000.00-0.007-0.0450.005
put90.000.002.150.001.5960.000.00-0.007-0.0440.005
put95.000.002.150.101.4601.000.00-0.008-0.0440.005
put1000.002.150.051.3302.000.00-0.008-0.0430.006
put1050.002.150.051.2064.000.00-0.009-0.0430.006
put1100.002.150.101.0875.000.00-0.010-0.0420.007
put1150.002.150.520.97329.000.00-0.011-0.0410.007
put1200.002.150.200.8622190.00-0.013-0.0400.008
put1250.000.750.210.7552240.00-0.014-0.0390.009
put1300.000.100.100.6611,5420.00-0.015-0.0350.010
put1350.000.150.120.5862,0890.00-0.026-0.0500.015
put1400.050.150.300.4802,0480.00-0.031-0.0480.018
put1450.050.300.200.4332,0641.00-0.064-0.0760.031
put1500.250.550.470.3632,56627.00-0.127-0.1140.052
put1551.151.401.250.35416,392272-0.264-0.1690.082
put1602.553.803.300.4043,72933.00-0.470-0.2120.099
put1654.306.204.600.3424,7580.00-0.693-0.1630.088
put1709.2011.807.200.5683500.00-0.825-0.1340.064
put17514.2016.600.000.6800.000.00-0.880-0.1220.050
put18019.1021.500.000.7890.000.00-0.962-0.0400.020
put18523.8026.500.000.9030.000.00-0.967-0.0410.018
put19028.5031.500.001.0090.000.00-0.978-0.0290.013
put19534.1036.500.001.1100.000.00-0.980-0.0290.012
put20038.8041.500.001.2050.000.00-0.982-0.0300.011
put21048.8051.500.001.3820.000.00-0.984-0.0310.010
put22059.1061.500.001.5460.000.00-0.986-0.0310.009

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-10424B5SEC
2026-11-09FWPFiling under Securities Act Rule 163/433 of free writing prospectuses.SEC
2026-11-09424B5SEC
2026-10-28144Filing for proposed sale of securities under Rule 144.SEC
2026-10-27SCHEDULE 13G/ASEC
2026-10-276-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-09-086-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-08SEC
2026-09-046-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-04SEC
2026-09-016-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-01SEC
2026-07-216-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-30SEC
2026-06-116-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-11SEC
2026-04-30144Filing for proposed sale of securities under Rule 144.SEC
2026-04-286-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-31SEC
2026-03-186-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-18SEC
2026-03-17424B5SEC
2026-03-17FWPFiling under Securities Act Rule 163/433 of free writing prospectuses.SEC
2026-03-16424B5SEC
2026-02-12144Filing for proposed sale of securities under Rule 144.SEC
2026-02-09144Filing for proposed sale of securities under Rule 144.SEC
2026-02-046-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162025-12-31SEC
2026-02-046-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162025-12-31SEC
2026-02-04IRANNOTICENotice of Iran-related disclosure filed pursuant to Section 13(r)(3) of the Exchange ActSEC
2026-02-0420-FRegistration statement under Section 12 of the Securities Exchange Act of 1934 or an annual or transition report filed under Section 13(a) or 15(d) of the Exchange Act for a foreign private issuer.2025-12-31SEC
2026-02-04S-8Initial registration statement for securities to be offered to employees pursuant to employee benefit plansSEC
2026-01-16S-8 POSPost-effective amendment to a S-8 registration statementSEC
2026-01-16S-8 POSPost-effective amendment to a S-8 registration statementSEC
2026-01-16S-8 POSPost-effective amendment to a S-8 registration statementSEC
2026-01-16S-8 POSPost-effective amendment to a S-8 registration statementSEC
2026-01-14DFAN14ADefinitive additional proxy soliciting materials filed by non-management including Rule 14(a)(12) material.SEC
2026-01-12DFAN14ADefinitive additional proxy soliciting materials filed by non-management including Rule 14(a)(12) material.SEC

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
Fisher Asset Management, LLC0.92%
MORGAN STANLEY0.48%
DIMENSIONAL FUND ADVISORS LP0.43%
PRIMECAP MANAGEMENT CO/CA/0.36%
LOOMIS SAYLES & CO L P0.29%
BANK OF AMERICA CORP /DE/0.27%
FRANKLIN RESOURCES INC0.18%
BlackRock, Inc.0.17%
GOLDMAN SACHS GROUP INC0.16%
NORTHERN TRUST CORP0.15%

Funds

Fund% owned
Intermediate-Term Tax-Free Bond Fund0.38%
VANGUARD PRIMECAP FUND0.23%
INTERNATIONAL CORE EQUITY 2 PORTFOLIO0.11%
American Century Diversified Municipal Bond ETF0.08%
Loomis Sayles Growth Fund0.08%
VANGUARD CAPITAL OPPORTUNITY FUND0.07%
Franklin Mutual Global Discovery Fund0.07%
Janus Henderson Global Life Sciences Fund0.05%
Equity Income Fund0.05%
Dimensional International Value ETF0.05%

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