Novartis Ag (NVS) Other Working Capital Changes (2009 - 2025)
Novartis Ag's (NVS) quarterly Other Working Capital Changes came in at -$67.0 million in Q2 2026, down 1.52% year-over-year from -$68.0 million in Q2 2025, and up 8.22% quarter-over-quarter from -$73.0 million in Q1 2026.
Analysis
Novartis Ag (NVS) Other Working Capital Changes (2009 - 2025) Analysis & Trends
Novartis Ag has disclosed Other Working Capital Changes across 18 years of filings, most recently posting -$67.0 million for Q2 2026.
- In Q2 2026, Other Working Capital Changes fell 1.52% year-over-year to -$67.0 million; the TTM figure through Jun 2026 stood at -$348.0 million (down 7.08% YoY), while the FY2025 annual figure was -$281.0 million, down 7.25% from the prior year.
- Other Working Capital Changes came in at -$67.0 million for Q2 2026 at Novartis Ag, up from -$73.0 million in the prior quarter.
- In the past five years, Other Working Capital Changes ranged from a high of $1.3 billion in Q3 2025 to a low of -$2.0 billion in Q1 2022.
- Average Other Working Capital Changes over 5 years is -$196.9 million, with a median of $130.0 million recorded in 2021.
- Year-over-year, Other Working Capital Changes rose 20.0% in 2022 and tumbled 96.88% in 2024.
- Over 5 years, Other Working Capital Changes stood at -$64.0 million in 2022, then changed by 0.0% to -$64.0 million in 2023, then plunged by 96.88% to -$126.0 million in 2024, then declined by 7.14% to -$135.0 million in 2025, then surged by 50.37% to -$67.0 million in 2026.
- Per Business Quant data, the three most recent Other Working Capital Changes figures were -$67.0 million in Q2 2026, -$73.0 million in Q1 2026, and -$135.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Johnson & Johnson | 641.39 Bn | 620.63 Bn | 17.26 Bn |
| 2 | AbbVie | 445.66 Bn | 439.09 Bn | 12.70 Bn |
| 3 | Merck | 357.45 Bn | 350.31 Bn | 12.21 Bn |
| 4 | Novartis Ag | 267.58 Bn | 259.89 Bn | 11.24 Bn |
| 5 | Pfizer | 156.75 Bn | 145.05 Bn | 10.94 Bn |
| 6 | Sanofi | 52.14 Bn | 44.75 Bn | 10.79 Bn |
| 7 | Revolution Medicines | 42.91 Bn | 42.91 Bn | - |
| 8 | Incyte | 24.62 Bn | 20.08 Bn | 1.57 Bn |
| 9 | United Therapeutics | 21.28 Bn | 18.62 Bn | 683.80 Mn |
| 10 | Neurocrine Biosciences | 15.81 Bn | 15.42 Bn | 935.80 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 1.34 Bn |
| Sep 30, 2025 | 1.34 Bn |
| Jun 30, 2025 | 442.00 Mn |
| Jun 30, 2025 | 442.00 Mn |
| Mar 31, 2025 | -1.77 Bn |
| Mar 31, 2025 | -1.77 Bn |
| Dec 31, 2024 | -1.75 Bn |
| Dec 31, 2024 | -1.75 Bn |
| Sep 30, 2024 | 1.04 Bn |
| Sep 30, 2024 | 1.04 Bn |
| Jun 30, 2024 | 238.00 Mn |
| Jun 30, 2024 | 238.00 Mn |
| Mar 31, 2024 | -1.99 Bn |
| Mar 31, 2024 | -1.99 Bn |
| Dec 31, 2023 | -384.00 Mn |
| Dec 31, 2023 | -384.00 Mn |
| Sep 30, 2023 | 1.18 Bn |
| Sep 30, 2023 | 1.18 Bn |
| Jun 30, 2023 | 55.00 Mn |
| Jun 30, 2023 | 55.00 Mn |