Novo Nordisk A/S
NYSE•NVO
CEO: Mr. Lars Fruergaard Jorgensen
Sector: Healthcare
Industry: Drug Manufacturers - General
Listing Date: 1981-04-30
Novo Nordisk A/S, together with its subsidiaries, engages in the research and development, manufacture, and distribution of pharmaceutical products in Europe, the Middle East, Africa, Mainland China, Hong Kong, Taiwan, North America, and internationally. It operates in two segments, Diabetes and Obesity Care, and Rare Disease. The Diabetes and Obesity care segment provides products for diabetes, obesity, cardiovascular, and other emerging therapy areas. The Rare Disease segment offers products in the areas of rare blood disorders, rare endocrine disorders, and hormone replacement therapy. The company also provides insulin pens, growth hormone pens, and injection needles. In addition, it offers smart solutions for diabetes treatment, such as smart insulin pens and Dose Check, an insulin dose guidance application. The company has a collaboration agreement with UNICEF to tackle childhood obesity; and with Valo Health, Inc. to discover and develop novel drug programmes for cardiometabolic space. Novo Nordisk A/S was founded in 1923 and is headquartered in Bagsvaerd, Denmark.
Contact Information
Market Cap
$168.96B
P/E (TTM)
10.7
35.9
Dividend Yield
4.7%
52W High
$82.57
52W Low
$35.85
52W Range
Rank10
7.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 7.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$12.22B+0.00%
4-Quarter Trend
EPS
$0.94+0.00%
4-Quarter Trend
FCF
-$1.68B+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
GLP-1 Product Revenue Growth Wegovy® GLP-1 product revenue grew 36% to DKK 79B in 2025, fifth year after launch, showing strong momentum.
Obesity Care Sales Surge Combined obesity care sales reached DKK 82.3B in 2025, up from DKK 65.1B in 2024, driven by Wegovy® uptake.
Leadership Transition Completed Maziar Mike Doustdar appointed President and CEO effective August 7, 2025, succeeding Lars Fruergaard Jørgensen in leadership role.
Company Transformation Complete Global transformation simplified organization, reallocating resources; approximately 9,000 employees were let go by year-end 2025.
Risk Factors
Cybersecurity Breach Exposure Reliance on complex global IT systems creates risk of disruption, data disclosure, and potential regulatory penalties impacting operations.
GLP-1 Market Competition Lost volume market share in GLP-1 obesity/diabetes segments due to increased competition in US and ex-US markets recently.
US Pricing Pressure Continues Average net prices declined in US due to increasing rebates, payer consolidation, and Medicare Part D negotiations impact.
Water Scarcity Operational Risk Identified risk of future water scarcity impacting production ability, as substantial water withdrawal occurs in stressed regions globally.
Outlook
R&D Spending Growth Expected R&D cost to sales ratio expected to gradually increase, modestly expanding expenditure above current 15-17% of sales going forward.
Expanding US GLP-1 Access Agreement reached to expand patient access and improve affordability for semaglutide medicines starting in 2026 via Medicare Part D.
Major Capital Expenditure Projects Significant ongoing CAPEX investments across Denmark, China, and US sites, financed by operating cash flow through 2029 completion.
Patent Expirations Looming Anticipates impact on sales starting in 2026 due to expiration of certain key product patents across multiple geographic markets.
Peer Comparison
Revenue (TTM)
$447.57B
$65.01B
$62.58B
Gross Margin (Latest Quarter)
92.7%
86.8%
81.9%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| AZN | $298.43B | 28.7 | 23.0% | 26.0% |
| NVS | $298.18B | 21.0 | 32.8% | 32.1% |
| MRK | $286.57B | 15.8 | 36.2% | 36.9% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.6%
Moderate Growth
4Q Net Income CAGR
0.5%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Next earnings:May 5, 2026
EPS:-
|Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
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No Data