Novartis Ag (NVS) Inventory (2009 - 2026)
Novartis Ag (NVS) recorded Inventory of $6.22 billion in Q2 2026, down 1.4% from $6.31 billion a year earlier and down 1.0% from the prior quarter.
Powered by 
Analysis
Novartis Ag (NVS) Inventory (2009 - 2026) Analysis & Trends
At the end of FY2025, Novartis Ag reported Inventory of $6.27 billion, up 9.5% from FY2024.
- Annual Inventory has a five-year compound annual growth rate of -2.5% (FY2020 to FY2025).
- Across earlier years, Inventory came in at $5.72 billion in FY2024 (-3.2%), $5.91 billion in FY2023 (-17.6%), $7.18 billion in FY2022 (+7.6%) and $6.67 billion in FY2021 (-6.5%).
- The Q2 2026 figure is the lowest quarterly Inventory since Q1 2025.
- On a year-over-year basis, Inventory rose in six of the last eight quarters, with growth averaging 4.8%.
- Peak year-over-year performance for Inventory in the last five years was growth of 19.6% in Q2 2023, against a decline of 30.2% in Q2 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $6.29 billion (Q1 2026), $6.27 billion (Q4 2025) and $6.42 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 645.01 Bn | 563.54 Bn | 17.26 Bn | 15.14 Bn |
| 2 | AbbVie | 465.23 Bn | 438.39 Bn | 12.70 Bn | 5.13 Bn |
| 3 | Merck | 368.40 Bn | 322.83 Bn | 12.21 Bn | 6.21 Bn |
| 4 | Novartis Ag | 278.02 Bn | 233.89 Bn | 11.24 Bn | 6.22 Bn |
| 5 | Astrazeneca | 254.57 Bn | 228.13 Bn | 12.86 Bn | 6.93 Bn |
| 6 | Amgen | 229.02 Bn | 184.42 Bn | 7.24 Bn | 6.22 Bn |
| 7 | Gilead Sciences | 187.74 Bn | 161.85 Bn | 6.22 Bn | 1.95 Bn |
| 8 | Pfizer | 163.75 Bn | 110.70 Bn | 10.94 Bn | 9.95 Bn |
| 9 | Vertex Pharmaceuticals | 133.45 Bn | 105.45 Bn | 2.84 Bn | 1.77 Bn |
| 10 | Bristol Myers Squibb | 128.45 Bn | 79.72 Bn | 9.25 Bn | 2.74 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.22 Bn |
| Mar 31, 2026 | 6.29 Bn |
| Dec 31, 2025 | 6.27 Bn |
| Sep 30, 2025 | 6.42 Bn |
| Jun 30, 2025 | 6.31 Bn |
| Mar 31, 2025 | 5.83 Bn |
| Dec 31, 2024 | 5.72 Bn |
| Sep 30, 2024 | 5.94 Bn |
| Jun 30, 2024 | 5.75 Bn |
| Mar 31, 2024 | 5.74 Bn |
| Dec 31, 2023 | 5.91 Bn |
| Sep 30, 2023 | 5.61 Bn |
| Jun 30, 2023 | 8.23 Bn |
| Mar 31, 2023 | 7.89 Bn |
| Dec 31, 2022 | 7.18 Bn |
| Sep 30, 2022 | 6.78 Bn |
| Jun 30, 2022 | 6.88 Bn |
| Mar 31, 2022 | 7.00 Bn |
| Dec 31, 2021 | 6.67 Bn |
| Sep 30, 2021 | 6.89 Bn |
API Access
Novartis Ag Inventory API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=inventory&ticker=NVS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "inventory", "ticker": "NVS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=inventory&ticker=NVS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();