Novartis Ag (NVS) Inventory (2009 - 2026)
Novartis Ag's (NVS) quarterly Inventory came in at $6.2 billion in Q2 2026, down 1.38% year-over-year from $6.3 billion in Q2 2025, and down 1.05% quarter-over-quarter from $6.3 billion in Q1 2026.
Analysis
Novartis Ag (NVS) Inventory (2009 - 2026) Analysis & Trends
Novartis Ag has disclosed Inventory across 18 years of filings, most recently posting $6.2 billion for Q2 2026.
- In Q2 2026, Inventory fell 1.38% year-over-year to $6.2 billion; the TTM figure through Jun 2026 stood at $6.2 billion (down 1.38% YoY), while the FY2025 annual figure was $6.3 billion, up 9.54% from the prior year.
- Inventory came in at $6.2 billion for Q2 2026 at Novartis Ag, down from $6.3 billion in the prior quarter.
- In the past five years, Inventory ranged from a high of $8.2 billion in Q2 2023 to a low of $5.6 billion in Q3 2023.
- Average Inventory over 5 years is $6.4 billion, with a median of $6.3 billion recorded in 2025.
- Year-over-year, Inventory increased 19.59% in 2023 and sank 30.15% in 2024.
- Over 5 years, Inventory stood at $7.2 billion in 2022, then slipped by 17.59% to $5.9 billion in 2023, then dropped by 3.21% to $5.7 billion in 2024, then advanced by 9.54% to $6.3 billion in 2025, then slipped by 0.78% to $6.2 billion in 2026.
- Per Business Quant data, the three most recent Inventory figures were $6.2 billion in Q2 2026, $6.3 billion in Q1 2026, and $6.3 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 663.08 Bn | 642.33 Bn | 17.26 Bn | 15.14 Bn |
| 2 | AbbVie | 453.04 Bn | 446.51 Bn | 12.70 Bn | 5.13 Bn |
| 3 | Merck | 370.87 Bn | 363.78 Bn | 12.21 Bn | 6.21 Bn |
| 4 | Novartis Ag | 305.29 Bn | 298.00 Bn | 11.24 Bn | 6.22 Bn |
| 5 | Pfizer | 162.10 Bn | 150.70 Bn | 10.94 Bn | 9.95 Bn |
| 6 | Sanofi | 53.95 Bn | 46.98 Bn | 10.79 Bn | 12.93 Bn |
| 7 | Revolution Medicines | 45.00 Bn | 45.00 Bn | - | - |
| 8 | Incyte | 25.47 Bn | 20.94 Bn | 1.57 Bn | 112.54 Mn |
| 9 | United Therapeutics | 20.81 Bn | 18.15 Bn | 683.80 Mn | 193.80 Mn |
| 10 | Jazz Pharmaceuticals | 16.02 Bn | 14.40 Bn | 1.09 Bn | 443.00 Mn |
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 |