Novo Nordisk A/S logo

Novo Nordisk A/S

NVO

NYSEHealthcareDrug Manufacturers - General

Previous close

$46.74

+$0.60 · +1.30%

Aug 21, 4:02 PM ET

NVO company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

99

Deep Value

Momentum

45

Neutral

Sentiment

52

Mixed

Risk resilience

66

Moderate Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

Novo Nordisk A/S is a global pharmaceutical firm dedicated to the investigation, creation, manufacturing, and distribution of medicinal products across a vast international footprint. Its market presence extends throughout Europe, the Middle East, Africa, various parts of Asia (including Mainland China, Hong Kong, and Taiwan), and North America. The company's operations are structured into two principal business units: Diabetes and Obesity Care, and Rare Disease. The Diabetes and Obesity Care division delivers therapies for diabetes, obesity, cardiovascular ailments, and other emerging therapeutic areas. Meanwhile, the Rare Disease division concentrates on providing treatments for rare blood disorders, uncommon endocrine conditions, and hormone replacement solutions. In addition to its core pharmaceutical offerings, Novo Nordisk produces specialized medical equipment such as insulin pens, growth hormone pens, and injection needles. It also pioneers smart digital solutions for diabetes management, including advanced insulin pens and the Dose Check application, designed to guide insulin dosage. The company engages in strategic alliances, notably a partnership with UNICEF to combat childhood obesity and a collaboration with Valo Health, Inc. to discover and advance novel drug pipelines in the cardiometabolic space. Founded in 1923, Novo Nordisk A/S is headquartered in Bagsvaerd, Denmark.

Industry
Drug Manufacturers - General
Sector
Healthcare
Headquarters
DK
CEO
Maziar Mike Doustdar
Listed since
Apr 30, 1981
Employees
68,794

Market position

Day range

Current $46.74

52-week range

Current $46.74

Open
$46.14
Previous close
$46.14
Volume
10.28M
0.75× average
Average volume
13.79M
Average daily volume
Market cap
207.55B USD
Beta
0.35
Market reference 1
50-day average
$47.5758
-1.76% below average
200-day average
$46.4158
+0.70% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.54T DKK
P/E (TTM)
11.47×
P/B (TTM)
6.02×
P/S (TTM)
4.06×
EV / EBITDA
9.85×
Earnings yield
7.12%
Free cash flow yield
2.01%
Dividend yield
2.49%

Profitability & efficiency

Gross margin
80.65%
Operating margin
43.13%
Net margin
35.35%
Return on equity
52.79%
Return on assets
18.87%
Return on invested capital
29.53%

Financial health

Debt / equity
0.63×
Current ratio
0.8×
Altman Z-score
4.01
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends90%69%47%26%Gross margin, FY2021: 83.20%Gross margin, FY2022: 83.92%Gross margin, FY2023: 84.60%Gross margin, FY2024: 84.67%Gross margin, FY2025: 80.98%Operating margin, FY2021: 41.65%Operating margin, FY2022: 42.28%Operating margin, FY2023: 44.16%Operating margin, FY2024: 44.19%Operating margin, FY2025: 41.30%Net margin, FY2021: 33.92%Net margin, FY2022: 31.38%Net margin, FY2023: 36.03%Net margin, FY2024: 34.78%Net margin, FY2025: 33.14%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 83.20%. Gross margin FY2022 83.92%. Gross margin FY2023 84.60%. Gross margin FY2024 84.67%. Gross margin FY2025 80.98%. Operating margin FY2021 41.65%. Operating margin FY2022 42.28%. Operating margin FY2023 44.16%. Operating margin FY2024 44.19%. Operating margin FY2025 41.30%. Net margin FY2021 33.92%. Net margin FY2022 31.38%. Net margin FY2023 36.03%. Net margin FY2024 34.78%. Net margin FY2025 33.14%.

Income trends

Revenue

309.06B DKK+6.43%

Operating income

127.66B DKK-0.53%

Net income

102.43B DKK+1.43%
Income trends across reported periods335.19B DKK230.67B DKK126.15B DKK21.63B DKKRevenue, FY2021: 140.8B DKKRevenue, FY2022: 176.95B DKKRevenue, FY2023: 232.26B DKKRevenue, FY2024: 290.4B DKKRevenue, FY2025: 309.06B DKKOperating income, FY2021: 58.64B DKKOperating income, FY2022: 74.81B DKKOperating income, FY2023: 102.57B DKKOperating income, FY2024: 128.34B DKKOperating income, FY2025: 127.66B DKKNet income, FY2021: 47.76B DKKNet income, FY2022: 55.53B DKKNet income, FY2023: 83.68B DKKNet income, FY2024: 100.99B DKKNet income, FY2025: 102.43B DKKFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 140.8B DKK. Revenue FY2022 176.95B DKK. Revenue FY2023 232.26B DKK. Revenue FY2024 290.4B DKK. Revenue FY2025 309.06B DKK. Operating income FY2021 58.64B DKK. Operating income FY2022 74.81B DKK. Operating income FY2023 102.57B DKK. Operating income FY2024 128.34B DKK. Operating income FY2025 127.66B DKK. Net income FY2021 47.76B DKK. Net income FY2022 55.53B DKK. Net income FY2023 83.68B DKK. Net income FY2024 100.99B DKK. Net income FY2025 102.43B DKK.
Metric (DKK)FY2025FY2024FY2023FY2022FY2021
Revenue309.06B DKK290.4B DKK232.26B DKK176.95B DKK140.8B DKK
Cost of goods sold58.79B DKK44.52B DKK35.77B DKK28.45B DKK23.66B DKK
Gross profit250.28B DKK245.88B DKK196.5B DKK148.51B DKK117.14B DKK
Research and development52.04B DKK48.06B DKK32.44B DKK24.05B DKK17.77B DKK
Selling, general, and administrative70.28B DKK67.38B DKK61.6B DKK50.68B DKK41.06B DKK
Operating expenses122.62B DKK117.54B DKK93.92B DKK73.7B DKK58.5B DKK
Interest income1.27B DKK1.84B DKK1.07B DKK239M DKK231M DKK
Interest expense4.21B DKK1.64B DKK542M DKK378M DKK289M DKK
Depreciation and amortization21.98B DKK19.11B DKK9.41B DKK7.36B DKK6.03B DKK
Operating income127.66B DKK128.34B DKK102.57B DKK74.81B DKK58.64B DKK
Net income102.43B DKK100.99B DKK83.68B DKK55.53B DKK47.76B DKK

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
82%
9 beats, 1 miss, 1 met estimate
Average EPS surprise
+9.23%
11 comparable reports
Latest EPS result
0.96
Estimate 0.82 · Beat by 17.07%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.080.960.850.73Q1 '25BeatQ2 '25MetQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 5, 2025: actual 0.91, estimate 0.88, surprise +3.41%, Beat. Q2 2025, reported May 7, 2025: actual 0.92, estimate 0.92, surprise 0.00%, Met estimate. Q3 2025, reported Aug 6, 2025: actual 0.97, estimate 0.93, surprise +4.30%, Beat. Q4 2025, reported Nov 5, 2025: actual 1.02, estimate 0.77, surprise +32.47%, Beat. Q1 2026, reported Feb 3, 2026: actual 1, estimate 0.9, surprise +11.11%, Beat. Q2 2026, reported May 6, 2026: actual 1.04, estimate 0.87, surprise +19.54%, Beat. Q3 2026, reported Aug 5, 2026: actual 0.96, estimate 0.82, surprise +17.07%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 0.8, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates13B12.12B11.24B10.36BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 5, 2025: actual 11.86B USD, estimate 11.55B USD, surprise +2.67%, Beat. Q2 2025, reported May 7, 2025: actual 11.9B USD, estimate 11.7B USD, surprise +1.73%, Beat. Q3 2025, reported Aug 6, 2025: actual 11.97B USD, estimate 11.92B USD, surprise +0.43%, Beat. Q4 2025, reported Nov 5, 2025: actual 11.53B USD, estimate 11.94B USD, surprise -3.47%, Miss. Q1 2026, reported Feb 3, 2026: actual 12.5B USD, estimate 12.13B USD, surprise +3.10%, Beat. Q2 2026, reported May 6, 2026: actual 11.02B USD, estimate 10.86B USD, surprise +1.50%, Beat. Q3 2026, reported Aug 5, 2026: actual 12.13B USD, estimate 10.89B USD, surprise +11.34%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 11.22B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

39 ratings
Strong buy13%
Buy2256%
Hold1333%
Sell38%
Strong sell00%

Recent analyst actions

12 institutions
JP MorgandowngradeOverweightNeutral
Morgan StanleydowngradeEqual WeightUnderweight
BerenbergupgradeHoldBuy

NVO news

NVO peers

ETFs holding NVO

Funds reporting this stock among their holdings, ordered by reported position size.

Continue in GoAI

Research NVO

research.disclaimer