Novartis Ag (NVS) Change in Working Capital (2009 - 2026)
Novartis Ag (NVS) posted Change in Working Capital of -$787.0 million for Q1 2026, down 13.24% sequentially from -$695.0 million in Q4 2025, and down 232.07% YoY from $595.9 million in Q1 2025.
Novartis Ag (NVS) Change in Working Capital (2009 - 2026) Analysis & Trends
Novartis Ag (NVS) has 16 years of Change in Working Capital data on file, last reported at -$787.0 million in Q1 2026.
- Quarterly Change in Working Capital fell 232.07% year-over-year to -$787.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$1.3 billion (down 524.76% YoY) and the FY2025 annual result came in at -$26.0 million, up 96.32% from the prior year.
- Change in Working Capital eased to -$787.0 million in Q1 2026 per NVS's latest filing, from -$695.0 million in the prior quarter.
- The five-year high for Change in Working Capital was $456.0 million in Q4 2022, with the low at -$787.0 million in Q1 2026.
- Average Change in Working Capital over 5 years is -$143.5 million, with a median of -$216.0 million recorded in 2024.
- Year-over-year, Change in Working Capital jumped 332.73% in 2024 and plunged 14000.0% in 2025.
- Novartis Ag's Change in Working Capital stood at $456.0 million in 2022, then slumped by 184.21% to -$384.0 million in 2023, then soared by 101.3% to $5.0 million in 2024, then sank by 14000.0% to -$695.0 million in 2025, then slipped by 13.24% to -$787.0 million in 2026.
- Business Quant data shows NVS's Change in Working Capital at -$787.0 million in Q1 2026, -$695.0 million in Q4 2025, and -$272.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Working Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,066.16 Bn | 1,060.88 Bn | 16.22 Bn | - |
| 2 | Johnson & Johnson | 611.69 Bn | 589.64 Bn | 15.96 Bn | - |
| 3 | AbbVie | 444.34 Bn | 434.99 Bn | 10.78 Bn | - |
| 4 | Astrazeneca | 284.94 Bn | 277.05 Bn | 12.61 Bn | 7.51 Bn |
| 5 | Merck | 224.23 Bn | 218.58 Bn | 12.09 Bn | - |
| 6 | Amgen | 195.12 Bn | 183.08 Bn | 5.87 Bn | - |
| 7 | Gilead Sciences | 156.45 Bn | 148.73 Bn | 5.52 Bn | - |
| 8 | Pfizer | 136.01 Bn | 123.24 Bn | -1.21 Bn | - |
| 9 | Novartis Ag | 113.45 Bn | 113.67 Bn | - | -787.00 Mn |
| 10 | Biogen | 30.87 Bn | 26.59 Bn | 1.82 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -787.00 Mn |
| Mar 31, 2026 | -787.00 Mn |
| Dec 31, 2025 | -695.00 Mn |
| Dec 31, 2025 | -695.00 Mn |
| Sep 30, 2025 | -272.00 Mn |
| Sep 30, 2025 | -272.00 Mn |
| Jun 30, 2025 | 442.00 Mn |
| Jun 30, 2025 | 442.00 Mn |
| Mar 31, 2025 | -237.00 Mn |
| Mar 31, 2025 | -237.00 Mn |
| Dec 31, 2024 | 5.00 Mn |
| Dec 31, 2024 | 5.00 Mn |
| Sep 30, 2024 | -216.00 Mn |
| Sep 30, 2024 | -216.00 Mn |
| Jun 30, 2024 | 238.00 Mn |
| Jun 30, 2024 | 238.00 Mn |
| Mar 31, 2024 | -343.00 Mn |
| Mar 31, 2024 | -343.00 Mn |
| Dec 31, 2023 | -384.00 Mn |
| Dec 31, 2023 | -384.00 Mn |