Novartis Ag (NVS) Return on Invested Capital [ROIC] (2009 - 2026)
Novartis Ag (NVS) posted Return on Invested Capital [ROIC] of 21.95% for Q2 2026, down 4.82 percentage points from 26.77% a year earlier and down 0.77 percentage points from the prior quarter.
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Analysis
Novartis Ag (NVS) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Novartis Ag's Return on Invested Capital [ROIC] came in at 24.97%, up 2.93 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has increased for three consecutive years, with a five-year change of +14.64 percentage points (FY2020 to FY2025).
- In prior years, Novartis Ag's Return on Invested Capital [ROIC] was 22.05% in FY2024 (+8.69 pp), 13.35% in FY2023 (+3.13 pp), 10.22% in FY2022 (-2.44 pp) and 12.66% in FY2021 (+2.32 pp).
- The Q2 2026 figure stands as the lowest quarterly Return on Invested Capital [ROIC] since Q4 2024.
- On a year-over-year basis, Return on Invested Capital [ROIC] increased in six of the last eight quarters, with an average year-over-year change of +3.62 percentage points.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was Q1 2025, with a gain of 7.94 percentage points; the weakest was Q2 2026, with a drop of 4.82 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was 22.72% (Q1 2026), 24.76% (Q4 2025) and 26.63% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,076.25 Bn | 1,044.84 Bn | 19.71 Bn | 37.16% |
| 2 | Johnson & Johnson | 617.18 Bn | 535.70 Bn | 17.26 Bn | 16.10% |
| 3 | AbbVie | 464.58 Bn | 437.73 Bn | 12.70 Bn | 18.68% |
| 4 | Merck | 356.04 Bn | 310.47 Bn | 12.21 Bn | 3.56% |
| 5 | Novartis Ag | 269.07 Bn | 224.94 Bn | 11.24 Bn | 21.95% |
| 6 | Astrazeneca | 243.21 Bn | 216.77 Bn | 12.86 Bn | 28.83% |
| 7 | Amgen | 217.88 Bn | 173.28 Bn | 7.24 Bn | 14.33% |
| 8 | Gilead Sciences | 179.62 Bn | 153.74 Bn | 6.22 Bn | -5.97% |
| 9 | Pfizer | 158.45 Bn | 105.40 Bn | 10.94 Bn | 13.44% |
| 10 | Vertex Pharmaceuticals | 127.87 Bn | 99.88 Bn | 2.84 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.95% |
| Mar 31, 2026 | 22.72% |
| Dec 31, 2025 | 24.76% |
| Sep 30, 2025 | 26.63% |
| Jun 30, 2025 | 26.77% |
| Mar 31, 2025 | 25.08% |
| Dec 31, 2024 | 21.82% |
| Sep 30, 2024 | 21.12% |
| Jun 30, 2024 | 19.80% |
| Mar 31, 2024 | 17.15% |
| Dec 31, 2023 | 16.00% |
| Sep 30, 2023 | 14.14% |
| Jun 30, 2023 | 12.62% |
| Mar 31, 2023 | 11.01% |
| Dec 31, 2022 | 10.75% |
| Sep 30, 2022 | 11.42% |
| Jun 30, 2022 | 12.81% |
| Mar 31, 2022 | 15.20% |
| Dec 31, 2021 | 15.08% |
| Sep 30, 2021 | 14.81% |
API Access
Novartis Ag Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=NVS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=NVS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();