Novartis Ag (NVS) Inventory Average (2009 - 2026)
Novartis Ag's (NVS) quarterly Inventory Average came in at $6.3 billion in Q2 2026, up 3.05% year-over-year from $6.1 billion in Q2 2025, and little changed quarter-over-quarter from $6.3 billion in Q1 2026.
Analysis
Novartis Ag (NVS) Inventory Average (2009 - 2026) Analysis & Trends
Novartis Ag has disclosed Inventory Average across 18 years of filings, most recently posting $6.3 billion for Q2 2026.
- In Q2 2026, Inventory Average rose 3.05% year-over-year to $6.3 billion; the TTM figure through Jun 2026 stood at $6.3 billion (up 3.05% YoY), while the FY2025 annual figure was $6.0 billion, up 3.06% from the prior year.
- Inventory Average came in at $6.3 billion for Q2 2026 at Novartis Ag, roughly flat from $6.3 billion in the prior quarter.
- In the past five years, Inventory Average ranged from a high of $8.1 billion in Q2 2023 to a low of $5.7 billion in Q2 2024.
- Average Inventory Average over 5 years is $6.5 billion, with a median of $6.3 billion recorded in 2025.
- Year-over-year, Inventory Average increased 16.12% in 2023 and retreated 28.7% in 2024.
- Over 5 years, Inventory Average stood at $7.0 billion in 2022, then declined by 17.42% to $5.8 billion in 2023, then climbed by 1.21% to $5.8 billion in 2024, then gained by 8.81% to $6.3 billion in 2025, then fell by 1.45% to $6.3 billion in 2026.
- Per Business Quant data, the three most recent Inventory Average figures were $6.3 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 Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 663.08 Bn | 642.33 Bn | 17.26 Bn | 14.86 Bn |
| 2 | AbbVie | 453.04 Bn | 446.51 Bn | 12.70 Bn | 5.09 Bn |
| 3 | Merck | 370.87 Bn | 363.78 Bn | 12.21 Bn | 6.34 Bn |
| 4 | Novartis Ag | 305.29 Bn | 298.00 Bn | 11.24 Bn | 6.25 Bn |
| 5 | Pfizer | 162.10 Bn | 150.70 Bn | 10.94 Bn | 10.31 Bn |
| 6 | Sanofi | 53.95 Bn | 46.98 Bn | 10.79 Bn | - |
| 7 | Revolution Medicines | 45.00 Bn | 45.00 Bn | - | - |
| 8 | Incyte | 25.47 Bn | 20.94 Bn | 1.57 Bn | 114.08 Mn |
| 9 | United Therapeutics | 20.81 Bn | 18.15 Bn | 683.80 Mn | 186.05 Mn |
| 10 | Jazz Pharmaceuticals | 16.02 Bn | 14.40 Bn | 1.09 Bn | 440.25 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.25 Bn |
| Mar 31, 2026 | 6.28 Bn |
| Dec 31, 2025 | 6.35 Bn |
| Sep 30, 2025 | 6.36 Bn |
| Jun 30, 2025 | 6.07 Bn |
| Mar 31, 2025 | 5.78 Bn |
| Dec 31, 2024 | 5.83 Bn |
| Sep 30, 2024 | 5.84 Bn |
| Jun 30, 2024 | 5.75 Bn |
| Mar 31, 2024 | 5.83 Bn |
| Dec 31, 2023 | 5.76 Bn |
| Sep 30, 2023 | 6.92 Bn |
| Jun 30, 2023 | 8.06 Bn |
| Mar 31, 2023 | 7.53 Bn |
| Dec 31, 2022 | 6.98 Bn |
| Sep 30, 2022 | 6.83 Bn |
| Jun 30, 2022 | 6.94 Bn |
| Mar 31, 2022 | 6.83 Bn |
| Dec 31, 2021 | 6.78 Bn |
| Sep 30, 2021 | 7.00 Bn |