Live Earnings Conference Call: Novo Nordisk A/S will host a live Q1 2025 earnings call on May 7, 2025 at 7:00AM ET. Get details.

Novo Nordisk A/S (NVO) Financials

$66.32 -2.80 (-4.05%)

Closing price 05/6/2025 03:59 PM Eastern

Extended Trading

$67.11 +0.79 (+1.19%)

As of 05/6/2025 08:00 PM Eastern

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Annual Income Statements for Novo Nordisk A/S

This table shows Novo Nordisk A/S's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	5,853	6,926	7,269	7,988	12,418	14,017
Consolidated Net Income / (Loss)	5,853	6,926	7,269	7,988	12,418	14,017
Net Income / (Loss) Continuing Operations	5,853	6,926	7,269	7,988	12,418	14,017
Total Pre-Tax Income	7,295	8,733	8,992	9,935	15,533	17,654
Total Operating Income	7,886	8,897	8,925	10,762	15,221	17,813
Total Gross Profit	15,316	17,425	17,829	21,363	29,159	34,128
Total Revenue	18,344	20,866	21,429	25,456	34,466	40,308
Operating Revenue	18,344	20,866	21,429	25,456	34,466	40,308
Total Cost of Revenue	3,619	3,441	3,601	4,092	5,307	6,180
Operating Cost of Revenue	3,619	3,441	3,601	4,092	5,307	6,180
Total Operating Expenses	7,430	8,529	8,903	10,602	13,937	16,315
Selling, General & Admin Expense	5,384	6,063	6,249	7,291	9,141	9,352
Research & Development Expense	2,137	2,541	2,705	3,459	4,814	6,671
Other Operating Expenses / (Income)	-90	-76	-51	-149	-18	292
Total Other Income / (Expense), net	0.00	-164	66	-827	312	-159
Interest Expense	-	431	373	861	125	1,020
Interest & Investment Income	-	268	439	34	437	860
Income Tax Expense	1,443	1,807	1,723	1,947	3,115	3,637
Basic Earnings per Share	$16.41	$18.05	$10.40	$1.76	$2.77	$3.15
Weighted Average Basic Shares Outstanding	-	-	2.31B	2280T	4.51B	4.47B
Diluted Earnings per Share	$16.38	$18.01	$10.37	$1.76	$2.76	$3.14
Weighted Average Diluted Shares Outstanding	-	-	2.31B	2280T	4.51B	4.47B
Weighted Average Basic & Diluted Shares Outstanding	-	-	2.31B	2280T	4.51B	4.47B

No quarterly income statements for Novo Nordisk A/S are available.

This table details how cash moves in and out of Novo Nordisk A/S's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	1,695	-449	1,562	312	5,014	5,321
Net Cash From Operating Activities	8,369	8,539	9,189	11,348	18,216	22,000
Net Cash From Continuing Operating Activities	8,369	8,523	9,189	11,309	18,216	16,790
Net Income / (Loss) Continuing Operations	5,853	6,926	7,269	7,988	12,418	14,017
Consolidated Net Income / (Loss)	5,853	6,926	7,269	7,988	12,418	14,017
Depreciation Expense	851	946	917	1,059	1,397	2,652
Non-Cash Adjustments To Reconcile Net Income	732	720	659	4,389	3,272	3,358
Changes in Operating Assets and Liabilities, net	934	-69	344	-2,127	1,129	1,972
Net Cash From Investing Activities	-1,341	-3,688	-3,747	-3,585	-3,829	-17,891
Net Cash From Continuing Investing Activities	-1,341	-3,628	-3,747	-3,140	-3,829	-17,891
Purchase of Property, Plant & Equipment	-1,342	-2,672	-964	-375	-3,829	-6,546
Acquisitions	0.00	0.00	-2,783	-1,018	0.00	-11,404
Net Cash From Financing Activities	-5,332	-5,300	-3,880	-7,451	-9,372	1,212
Net Cash From Continuing Financing Activities	-5,332	-5,300	-3,880	-7,451	-9,372	1,212
Repayment of Debt	-124	-156	-1,018	-1,960	-218	-879
Repurchase of Common Equity	-2,304	-2,770	-2,960	-3,465	-4,441	-2,801
Payment of Dividends	-2,916	-3,307	-3,275	-3,640	-4,714	-6,127
Issuance of Debt	12	934	3,373	1,613	0.00	11,019
Cash Interest Paid	31	-	40	-	73	85
Cash Interest Received	9.62	16	37	40	159	261
Cash Income Taxes Paid	-	-	2,197	-	3,843	4,113

No quarterly cash flow statements for Novo Nordisk A/S are available.

This table presents Novo Nordisk A/S's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	23,821	29,604	34,706	46,668	64,652
Total Current Assets	10,817	13,027	15,564	20,723	22,333
Short-Term Investments	383	257	392	348	878
Accounts Receivable	4,559	6,186	7,273	9,612	9,987
Inventories, net	3,047	2,986	3,508	4,721	5,670
Prepaid Expenses	-	767	864	1,197	1,751
Current Deferred & Refundable Income Taxes	48	170	135	360	396
Plant, Property, & Equipment, net	8,263	8,426	9,591	0.00	0.00
Total Noncurrent Assets	4,535	8,030	9,474	12,174	19,154
Intangible Assets	3,395	6,571	7,328	8,964	15,419
Noncurrent Deferred & Refundable Income Taxes	964	1,320	2,000	3,024	3,418
Other Noncurrent Operating Assets	175	139	146	-	316
Total Liabilities & Shareholders' Equity	23,821	29,604	34,706	46,668	64,652
Total Liabilities	13,412	18,836	22,696	30,855	44,737
Total Current Liabilities	11,551	15,146	17,398	25,176	30,193
Short-Term Debt	1,450	2,415	629	1,150	2,865
Accounts Payable	940	1,350	2,242	3,800	4,004
Current Deferred & Payable Income Tax Liabilities	643	557	1,020	1,056	1,349
Other Current Liabilities	8,517	10,824	13,507	19,170	21,975
Total Noncurrent Liabilities	1,861	3,690	5,298	5,679	14,544
Long-Term Debt	476	1,973	3,498	3,046	12,447
Noncurrent Deferred & Payable Income Tax Liabilities	411	802	1,016	1,508	753
Noncurrent Employee Benefit Liabilities	230	195	110	110	125
Other Noncurrent Operating Liabilities	744	721	675	1,015	1,218
Total Equity & Noncontrolling Interests	10,409	10,767	12,010	15,813	19,916
Total Preferred & Common Equity	10,708	10,767	12,010	15,813	19,916
Total Common Equity	10,708	10,767	12,010	15,813	19,916
Common Stock	77	70	66	67	62
Retained Earnings	10,482	10,959	11,593	15,558	20,049
Treasury Stock	-1.31	-0.91	-0.86	-0.74	-0.28
Other Equity Adjustments	150	-261	352	189	-195

This table presents Novo Nordisk A/S's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q4 2020	Q4 2021	Q4 2022	Q4 2023	Q4 2024
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	23,821	29,604	34,706	46,668	64,652
Total Current Assets	10,817	13,027	15,564	20,723	22,333
Short-Term Investments	383	257	392	348	878
Accounts Receivable	4,559	6,186	7,273	9,612	9,987
Inventories, net	3,047	2,986	3,508	4,721	5,670
Prepaid Expenses	-	767	864	1,197	1,751
Current Deferred & Refundable Income Taxes	48	170	135	360	396
Plant, Property, & Equipment, net	8,263	8,426	9,591	0.00	0.00
Total Noncurrent Assets	4,535	8,030	9,474	12,174	19,154
Intangible Assets	3,395	6,571	7,328	8,964	15,419
Noncurrent Deferred & Refundable Income Taxes	964	1,320	2,000	3,024	3,418
Other Noncurrent Operating Assets	175	139	146	-	316
Total Liabilities & Shareholders' Equity	23,821	29,604	34,706	46,668	64,652
Total Liabilities	13,412	18,836	22,696	30,855	44,737
Total Current Liabilities	11,551	15,146	17,398	25,176	30,193
Short-Term Debt	1,450	2,415	629	1,150	2,865
Accounts Payable	940	1,350	2,242	3,800	4,004
Current Deferred & Payable Income Tax Liabilities	643	557	1,020	1,056	1,349
Other Current Liabilities	8,517	10,824	13,507	19,170	21,975
Total Noncurrent Liabilities	1,861	3,690	5,298	5,679	14,544
Long-Term Debt	476	1,973	3,498	3,046	12,447
Noncurrent Deferred & Payable Income Tax Liabilities	411	802	1,016	1,508	753
Noncurrent Employee Benefit Liabilities	230	195	110	110	125
Other Noncurrent Operating Liabilities	744	721	675	1,015	1,218
Total Equity & Noncontrolling Interests	10,409	10,767	12,010	15,813	19,916
Total Preferred & Common Equity	10,708	10,767	12,010	15,813	19,916
Total Common Equity	10,708	10,767	12,010	15,813	19,916
Common Stock	77	70	66	67	62
Retained Earnings	10,482	10,959	11,593	15,558	20,049
Treasury Stock	-1.31	-0.91	-0.86	-0.74	-0.28
Other Equity Adjustments	150	-261	352	189	-195

This table displays calculated financial ratios and metrics derived from Novo Nordisk A/S's official financial filings.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	13.75%	2.70%	18.79%	35.40%	16.95%
EBITDA Growth	0.00%	12.66%	0.00%	20.10%	40.58%	23.15%
EBIT Growth	0.00%	12.82%	0.32%	20.57%	41.44%	17.03%
NOPAT Growth	0.00%	11.53%	2.25%	19.92%	40.64%	16.23%
Net Income Growth	0.00%	18.34%	4.94%	9.89%	55.47%	12.88%
EPS Growth	0.00%	9.95%	4.94%	9.89%	57.18%	13.68%
Operating Cash Flow Growth	0.00%	2.04%	7.61%	23.50%	60.52%	20.77%
Free Cash Flow Firm Growth	0.00%	0.00%	312.89%	108.99%	173.52%	-66.29%
Invested Capital Growth	0.00%	0.00%	35.15%	1.32%	-90.07%	518.17%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	83.49%	83.51%	83.20%	83.92%	84.60%	84.67%
EBITDA Margin	47.63%	47.17%	45.93%	46.44%	48.22%	50.77%
Operating Margin	42.99%	42.64%	41.65%	42.28%	44.16%	44.19%
EBIT Margin	42.99%	42.64%	41.65%	42.28%	44.16%	44.19%
Profit (Net Income) Margin	31.90%	33.19%	33.92%	31.38%	36.03%	34.78%
Tax Burden Percent	80.22%	79.31%	80.83%	80.40%	79.95%	79.40%
Interest Burden Percent	92.51%	98.16%	100.74%	92.32%	102.05%	99.11%
Effective Tax Rate	19.78%	20.69%	19.17%	19.60%	20.05%	20.60%
Return on Invested Capital (ROIC)	0.00%	157.42%	68.45%	70.94%	180.35%	323.26%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	175.40%	-44.24%	-11.36%	176.87%	324.20%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-24.33%	0.20%	-0.81%	-91.08%	-244.80%
Return on Equity (ROE)	0.00%	133.08%	68.65%	70.14%	89.26%	78.46%
Cash Return on Invested Capital (CROIC)	0.00%	-42.58%	38.55%	69.63%	344.23%	178.96%
Operating Return on Assets (OROA)	0.00%	37.35%	33.41%	33.47%	37.41%	32.00%
Return on Assets (ROA)	0.00%	29.08%	27.21%	24.84%	30.52%	25.18%
Return on Common Equity (ROCE)	0.00%	136.91%	69.62%	70.14%	89.26%	78.46%
Return on Equity Simple (ROE_SIMPLE)	0.00%	64.68%	67.50%	66.51%	78.53%	70.38%
Net Operating Profit after Tax (NOPAT)	6,326	7,056	7,215	8,652	12,169	14,144
NOPAT Margin	34.49%	33.82%	33.67%	33.99%	35.31%	35.09%
Net Nonoperating Expense Percent (NNEP)	0.00%	-17.98%	112.69%	82.30%	3.48%	-0.94%
Return On Investment Capital (ROIC_SIMPLE)	-	57.20%	47.61%	53.62%	60.82%	40.15%
Cost of Revenue to Revenue	19.73%	16.49%	16.80%	16.08%	15.40%	15.33%
SG&A Expenses to Revenue	29.35%	29.06%	29.16%	28.64%	26.52%	23.20%
R&D to Revenue	11.65%	12.18%	12.62%	13.59%	13.97%	16.55%
Operating Expenses to Revenue	40.50%	40.87%	41.55%	41.65%	40.44%	40.48%
Earnings before Interest and Taxes (EBIT)	7,886	8,897	8,925	10,762	15,221	17,813
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	8,736	9,842	9,842	11,821	16,618	20,466
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	11,562,076.90	12,547,067.02	29.18	19.48
Price to Tangible Book Value (P/TBV)	0.00	0.00	29,663,488.40	32,184,362.22	67.38	86.28
Price to Revenue (P/Rev)	0.00	0.00	5,809,450.94	5,919,642.60	13.39	9.62
Price to Earnings (P/E)	0.00	0.00	17,127,765.41	18,865,455.88	37.16	27.68
Dividend Yield	2.29%	1.97%	1.37%	1.21%	0.00%	1.68%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	2.69%	3.61%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	10,274,981.41	12,274,627.82	381.76	53.42
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	5,809,451.14	5,919,642.75	13.50	9.98
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	12,648,575.36	12,747,860.72	27.99	19.66
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	13,948,071.75	14,002,385.59	30.56	22.59
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	17,255,105.62	17,416,168.46	38.22	28.45
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	13,548,618.09	13,278,543.53	25.54	18.29
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	30,638,061.71	17,745,057.43	20.03	51.39
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	0.19	0.41	0.34	0.27	0.77
Long-Term Debt to Equity	0.00	0.05	0.18	0.29	0.19	0.63
Financial Leverage	0.00	-0.14	0.00	0.07	-0.52	-0.76
Leverage Ratio	0.00	2.29	2.52	2.82	2.92	3.12
Compound Leverage Factor	0.00	2.25	2.54	2.61	2.98	3.09
Debt to Total Capital	0.00%	15.62%	28.95%	25.57%	20.97%	43.47%
Short-Term Debt to Total Capital	0.00%	11.76%	15.94%	3.89%	5.75%	8.13%
Long-Term Debt to Total Capital	0.00%	3.86%	13.02%	21.68%	15.22%	35.33%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	86.81%	71.05%	74.43%	79.03%	56.53%
Debt to EBITDA	0.00	0.20	0.45	0.35	0.25	0.75
Net Debt to EBITDA	0.00	-0.06	0.42	0.32	0.22	0.71
Long-Term Debt to EBITDA	0.00	0.05	0.20	0.30	0.18	0.61
Debt to NOPAT	0.00	0.27	0.61	0.48	0.34	1.08
Net Debt to NOPAT	0.00	-0.08	0.57	0.43	0.30	1.02
Long-Term Debt to NOPAT	0.00	0.07	0.27	0.40	0.25	0.88
Altman Z-Score	0.00	0.00	3,965,536.12	3,983,640.87	11.14	7.02
Noncontrolling Interest Sharing Ratio	0.00%	-2.88%	-1.41%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	0.00	0.94	0.86	0.89	0.82	0.74
Quick Ratio	0.00	0.61	0.43	0.44	0.40	0.36
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-1,909	4,063	8,492	23,227	7,830
Operating Cash Flow to CapEx	623.84%	235.35%	953.01%	534.72%	475.68%	336.06%
Free Cash Flow to Firm to Interest Expense	0.00	-4.43	10.89	9.86	185.23	7.68
Operating Cash Flow to Interest Expense	0.00	19.80	24.63	13.18	145.27	21.58
Operating Cash Flow Less CapEx to Interest Expense	0.00	11.39	22.05	10.71	114.73	15.16
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.00	0.88	0.80	0.79	0.85	0.72
Accounts Receivable Turnover	0.00	4.58	3.99	3.78	4.08	4.11
Inventory Turnover	0.00	1.13	1.19	1.26	1.29	1.19
Fixed Asset Turnover	0.00	2.53	2.57	2.83	0.00	0.00
Accounts Payable Turnover	0.00	3.66	3.15	2.28	1.76	1.58
Days Sales Outstanding (DSO)	0.00	79.74	91.50	96.49	89.41	88.73
Days Inventory Outstanding (DIO)	0.00	323.22	305.78	289.63	282.96	306.85
Days Payable Outstanding (DPO)	0.00	99.69	116.05	160.20	207.77	230.46
Cash Conversion Cycle (CCC)	0.00	303.27	281.23	225.92	164.60	165.13
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	0.00	8,965	12,116	12,277	1,218	7,532
Invested Capital Turnover	0.00	4.66	2.03	2.09	5.11	9.21
Increase / (Decrease) in Invested Capital	0.00	8,965	3,152	160	-11,058	6,314
Enterprise Value (EV)	0.00	0.00	124,493,291,098	150,689,711,919	465,156	402,384
Market Capitalization	0.00	0.00	124,493,286,967	150,689,708,184	461,494	387,950
Book Value per Share	$0.00	$0.00	$4.66	$0.00	$0.00	$4.42
Tangible Book Value per Share	$0.00	$0.00	$1.82	$0.00	$0.00	$1.00
Total Capital	0.00	12,335	15,155	16,137	20,009	35,228
Total Debt	0.00	1,927	4,388	4,127	4,196	15,312
Total Long-Term Debt	0.00	476	1,973	3,498	3,046	12,447
Net Debt	0.00	-554	4,130	3,734	3,663	14,434
Capital Expenditures (CapEx)	1,341	3,628	964	2,122	3,829	6,546
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-1,764	39	-1,597	-3,651	-5,873
Debt-free Net Working Capital (DFNWC)	0.00	717	296	-1,205	-3,303	-4,995
Net Working Capital (NWC)	0.00	-734	-2,119	-1,834	-4,453	-7,860
Net Nonoperating Expense (NNE)	474	130	-54	665	-249	127
Net Nonoperating Obligations (NNO)	0.00	-1,444	1,349	267	-14,595	-12,384
Total Depreciation and Amortization (D&A)	851	946	917	1,059	1,397	2,652
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-8.45%	0.18%	-6.28%	-10.59%	-14.57%
Debt-free Net Working Capital to Revenue	0.00%	3.43%	1.38%	-4.73%	-9.58%	-12.39%
Net Working Capital to Revenue	0.00%	-3.52%	-9.89%	-7.20%	-12.92%	-19.50%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$12.26	$18.67	$3.15
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	4560T	4.51B	4.47B
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$12.22	$18.62	$3.14
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	4560T	4.51B	4.47B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	4560T	4.51B	4.47B
Normalized Net Operating Profit after Tax (NOPAT)	6,326	7,056	7,215	8,652	12,169	14,144
Normalized NOPAT Margin	34.49%	33.82%	33.67%	33.99%	35.31%	35.09%
Pre Tax Income Margin	39.77%	41.85%	41.96%	39.03%	45.07%	43.80%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	0.00	20.63	23.93	12.50	121.39	17.47
NOPAT to Interest Expense	0.00	16.36	19.34	10.05	97.05	13.87
EBIT Less CapEx to Interest Expense	0.00	12.21	21.34	10.03	90.85	11.05
NOPAT Less CapEx to Interest Expense	0.00	7.95	16.76	7.58	66.51	7.45
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	49.83%	47.75%	45.06%	45.57%	37.96%	43.71%
Augmented Payout Ratio	89.20%	87.75%	85.78%	88.95%	73.72%	63.69%

No quarterly metrics and ratios for Novo Nordisk A/S are available.

Frequently Asked Questions About Novo Nordisk A/S's Financials

When does Novo Nordisk A/S's financial year end?

According to the most recent income statement we have on file, Novo Nordisk A/S's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Novo Nordisk A/S's net income changed over the last 5 years?

Novo Nordisk A/S's net income appears to be on an upward trend, with a most recent value of $14.02 billion in 2024, rising from $5.85 billion in 2019. The previous period was $12.42 billion in 2023. Check out Novo Nordisk A/S's forecast to explore projected trends and price targets.

What is Novo Nordisk A/S's operating income?

Novo Nordisk A/S's total operating income in 2024 was $17.81 billion, based on the following breakdown:

Total Gross Profit: $34.13 billion
Total Operating Expenses: $16.31 billion

How has Novo Nordisk A/S revenue changed over the last 5 years?

Over the last 5 years, Novo Nordisk A/S's total revenue changed from $18.34 billion in 2019 to $40.31 billion in 2024, a change of 119.7%.

How much debt does Novo Nordisk A/S have?

Novo Nordisk A/S's total liabilities were at $44.74 billion at the end of 2024, a 45.0% increase from 2023, and a 233.6% increase since 2020.

How has Novo Nordisk A/S's book value per share changed over the last 5 years?

Over the last 5 years, Novo Nordisk A/S's book value per share changed from 0.00 in 2019 to 4.42 in 2024, a change of 441.6%.

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This page (NYSE:NVO) was last updated on 5/7/2025 by MarketBeat.com Staff

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Novo Nordisk A/S (NVO) Financials

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Novo Nordisk A/S (NVO) Financials

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