# Novo Nordisk Overview

NYSE: NVO · Reporting currency: DKK

[Interactive page](https://beanvest.com/stock/nvo/financials) · [JSON with these options](https://beanvest.com/stock/nvo/financials.json?range=5Y&deductSbc=false&limit=200&offset=0&frequency=quarterly&wacc=7.9) · [Raw filing inputs](https://beanvest.com/api/v2/financials/nvo)

Frequency: quarterly. Newest first. Retrieved: 2026-09-28T16:58:47.934Z.
Coverage: 2023-03-31 to 2026-06-30. Rows 1–14 of 14.
Snapshot checked: 2026-10-18T16:48:35.628Z. Last validated: 2026-10-18T16:48:35.628Z.

## Definitions

- **Total revenue** (`total_revenue`, DKK_millions): Reported consolidated revenue as tagged in the official filing, including all company businesses.
- **Net income** (`net_income`, DKK_millions): Reported IFRS profit or loss attributable to owners of the parent where available; consolidated profit or loss otherwise. Each observation retains its exact concept.
- **P/E** (`pe`, multiple): Completed closing price × diluted shares / TTM earnings attributable to common shareholders.
- **PEG** (`peg`, multiple): Trailing P/E / year-over-year growth of TTM earnings per diluted share, expressed as a percentage number (20 for 20%). Each per-share basis uses TTM earnings attributable to common shareholders / split-normalized period diluted shares. Requires positive prior earnings and positive growth; uses reported history, not analyst forecasts.
- **P/S** (`ps`, multiple): Completed closing price × diluted shares / TTM revenue.
- **P/FCF** (`pfcf`, multiple): Completed closing price × diluted shares / TTM free cash flow. With Deduct SBC enabled, subtract reported SBC from FCF.
- **P/FCF / growth** (`pfcf_growth`, multiple): Trailing P/FCF / year-over-year growth of TTM FCF per diluted share, expressed as a percentage number (20 for 20%). FCF = operating cash flow − cash capital investment; each per-share basis uses split-normalized period diluted shares. Requires positive prior FCF and positive growth. Deduct SBC subtracts reported SBC from both trailing years.
- **P/OCF** (`pocf`, multiple): Completed closing price × diluted shares / TTM operating cash flow.
- **P/B** (`pb`, multiple): Completed closing price × diluted shares / period-end equity attributable to owners.
- **FCF yield** (`fcf_yield`, percent): TTM FCF / (completed closing price × diluted shares) × 100. Reflects the SBC option.
- **Earnings yield** (`earnings_yield`, percent): TTM earnings attributable to common shareholders / (completed closing price × diluted shares) × 100.
- **EV/Sales** (`ev_sales`, multiple): (Completed closing price × diluted shares + debt − cash) / TTM revenue. A simplified EV proxy; excludes preferred equity and minority interests.
- **EV/EBITDA** (`ev_ebitda`, multiple): (Completed closing price × diluted shares + debt − cash) / (TTM operating income + TTM reported depreciation and amortization).
- **Operating cash flow** (`ocf`, DKK_millions): Reported net cash provided by or used in operating activities.
- **Capital expenditures** (`capex`, DKK_millions): Reported cash capital investment. Uses purchases of property, plant and equipment where disclosed; otherwise purchases of productive assets, which can also include software and intangibles. Excludes acquisitions and noncash lease additions.
- **Free cash flow** (`fcf`, DKK_millions): Operating cash flow − reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Reflects the SBC option and can differ from issuer-defined FCF.
- **Stock-based compensation** (`sbc`, DKK_millions): Reported share-based compensation addback in the cash-flow statement. Missing disclosure is not treated as zero.
- **SBC / free cash flow** (`sbc_fcf`, percent): Reported share-based compensation / (operating cash flow − cash capital investment) × 100, for the same fiscal period. Always uses FCF before SBC deduction. Zero or negative FCF is undefined; values above 100% are retained.
- **SBC / operating cash flow** (`sbc_ocf`, percent): Reported share-based compensation / reported operating cash flow × 100, for the same fiscal period. Zero or negative operating cash flow is undefined. Unaffected by the SBC deduction scenario.
- **Software & intangible investment** (`software_capex`, DKK_millions): Separately tagged payments for capitalized software under US GAAP, or purchases of intangible assets under IFRS. This optional disclosure is not inferred from total capex or deducted a second time from FCF.
- **Diluted EPS** (`eps`, DKK_per_share): Reported diluted earnings per share, normalized for recorded subsequent stock splits. Quarterly EPS is never subtracted from annual or YTD EPS.
- **Gross margin** (`gross_margin`, percent): Gross profit / revenue × 100. Uses revenue − reported cost of revenue when gross profit is absent.
- **Operating margin** (`operating_margin`, percent): Operating income / revenue × 100. Uses reported operating income, or reported pretax income less the complete nonoperating income/expense total when both are available.
- **Net margin** (`net_margin`, percent): Reported net income / revenue × 100.
- **EBITDA margin** (`ebitda_margin`, percent): (Operating income + reported depreciation and amortization) / revenue × 100. An EBITDA proxy, not adjusted EBITDA.
- **Operating cash flow margin** (`ocf_margin`, percent): Operating cash flow / revenue × 100.
- **Free cash flow margin** (`fcf_margin`, percent): Free cash flow / revenue × 100. Reflects the selected reported capex scope and the SBC option.
- **Capex / revenue** (`capex_intensity`, percent): Reported cash capital investment / revenue × 100. Uses PPE purchases or, when those are not separately tagged, the broader productive-assets total.
- **SBC / revenue** (`sbc_revenue`, percent): Reported share-based compensation / revenue × 100.
- **ROIC** (`roic`, percent): NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- **ROCE** (`roce`, percent): Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- **ROIIC** (`roiic`, percent): Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- **ROE** (`roe`, percent): Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- **ROA** (`roa`, percent): Net income / average total assets × 100, using period end and one year earlier.
- **ROIC − WACC** (`roic_wacc`, percentage_points): ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.
- **Total debt** (`debt`, DKK_millions): Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
- **Cash & equivalents** (`cash`, DKK_millions): Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
- **Net debt** (`net_debt`, DKK_millions): Total debt − cash and equivalents. Negative means net cash.
- **Debt / equity** (`debt_equity`, multiple): Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
- **Debt / assets** (`debt_assets`, percent): Total debt / total assets × 100.
- **Net debt / EBITDA** (`net_debt_ebitda`, multiple): Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
- **Debt / FCF** (`debt_fcf`, multiple): Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
- **Interest coverage** (`interest_coverage`, multiple): TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
- **Current ratio** (`current_ratio`, multiple): Current assets / positive current liabilities.
- **Diluted shares** (`diluted_shares`, shares_millions): Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
- **Basic shares** (`basic_shares`, shares_millions): Reported weighted average basic shares, normalized for subsequent recorded stock splits.
- **Share count growth** (`dilution`, percent): Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
- **Share repurchases** (`buybacks`, DKK_millions): Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.

## Values

| Period | End date | Total revenue (DKK_millions) | Net income (DKK_millions) | P/E (multiple) | PEG (multiple) | P/S (multiple) | P/FCF (multiple) | P/FCF / growth (multiple) | P/OCF (multiple) | P/B (multiple) | FCF yield (percent) | Earnings yield (percent) | EV/Sales (multiple) | EV/EBITDA (multiple) | Operating cash flow (DKK_millions) | Capital expenditures (DKK_millions) | Free cash flow (DKK_millions) | Stock-based compensation (DKK_millions) | SBC / free cash flow (percent) | SBC / operating cash flow (percent) | Software & intangible investment (DKK_millions) | Diluted EPS (DKK_per_share) | Gross margin (percent) | Operating margin (percent) | Net margin (percent) | EBITDA margin (percent) | Operating cash flow margin (percent) | Free cash flow margin (percent) | Capex / revenue (percent) | SBC / revenue (percent) | ROIC (percent) | ROCE (percent) | ROIIC (percent) | ROE (percent) | ROA (percent) | ROIC − WACC (percentage_points) | Total debt (DKK_millions) | Cash & equivalents (DKK_millions) | Net debt (DKK_millions) | Debt / equity (multiple) | Debt / assets (percent) | Net debt / EBITDA (multiple) | Debt / FCF (multiple) | Interest coverage (multiple) | Current ratio (multiple) | Diluted shares (shares_millions) | Basic shares (shares_millions) | Share count growth (percent) | Share repurchases (DKK_millions) |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 2026-Q2 | 2026-06-30 | 78488 | 20989 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 26.741667516053408 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| 2026-Q1 | 2026-03-31 | 96823 | 48557 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 50.15027421170589 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| 2025-Q4 | 2025-12-31 | 79144 | 26891 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 33.97730718689983 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 37.86102509575111 | 44.363588342820606 | -2.542564636604479 | Unavailable | 20.310162516593188 | 29.96102509575111 | 130958 | 26464 | 104494 | 0.6748777358062737 | 24.121848878803174 | Unavailable | 2.221057630338184 | 30.344188257665795 | 0.7996485224495852 | Unavailable | Unavailable | Unavailable | Unavailable |
| 2025-Q3 | 2025-09-30 | 74976 | 20006 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 26.683205292360224 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| 2025-Q2 | 2025-06-30 | 76857 | 26503 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 34.48352134483521 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| 2025-Q1 | 2025-03-31 | 78087 | 29034 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 37.181605132736564 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| 2024-Q4 | 2024-12-31 | 85683 | 28230 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 32.947025664367494 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 58.2627422912029 | 65.29618568397703 | 17.85250717471056 | Unavailable | 25.885033725029828 | 50.3627422912029 | 102787 | 15655 | 87132 | 0.7163556026371911 | 22.067003724814565 | Unavailable | 1.392702292558669 | 78.25548780487804 | 0.7396611010996286 | Unavailable | Unavailable | Unavailable | Unavailable |
| 2024-Q3 | 2024-09-30 | 71311 | 27301 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 38.28441614898122 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| 2024-Q2 | 2024-06-30 | 68060 | 20050 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 29.459300617102556 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| 2024-Q1 | 2024-03-31 | 65349 | 25407 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 38.8789422944498 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| 2023-Q4 | 2023-12-31 | 65863 | 21963 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 33.34649196058485 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 27006 | 14392 | 12614 | 0.2534323063785062 | 8.587345700603525 | Unavailable | 0.3249741281798272 | 189.2509225092251 | 0.8231175031681943 | Unavailable | Unavailable | Unavailable | Unavailable |
| 2023-Q3 | 2023-09-30 | 58731 | 22478 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 38.27280311930667 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| 2023-Q2 | 2023-06-30 | 54300 | 19428 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 35.77900552486188 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| 2023-Q1 | 2023-03-31 | 53367 | 19814 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 37.127813068000826 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |

## Dashboard charts

Chart selection, sizes and positions are browser-local; this response exposes the public chart catalog.
Fiscal rows above contain all overview metrics. Each chart link exposes its own scoped JSON/Markdown history; valuation links use daily published-TTM history by default.

- [Revenue](https://beanvest.com/stock/nvo/financials/charts/revenue.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/revenue.json)
- [Net income](https://beanvest.com/stock/nvo/financials/charts/net-income.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/net-income.json)
- [P/E](https://beanvest.com/stock/nvo/financials/charts/pe.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/pe.json)
- [PEG](https://beanvest.com/stock/nvo/financials/charts/peg.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/peg.json)
- [P/S](https://beanvest.com/stock/nvo/financials/charts/ps.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/ps.json)
- [P/FCF](https://beanvest.com/stock/nvo/financials/charts/pfcf.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/pfcf.json)
- [P/FCF / growth](https://beanvest.com/stock/nvo/financials/charts/pfcf-growth.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/pfcf-growth.json)
- [P/OCF](https://beanvest.com/stock/nvo/financials/charts/pocf.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/pocf.json)
- [P/B](https://beanvest.com/stock/nvo/financials/charts/pb.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/pb.json)
- [FCF yield](https://beanvest.com/stock/nvo/financials/charts/fcf-yield.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/fcf-yield.json)
- [Earnings yield](https://beanvest.com/stock/nvo/financials/charts/earnings-yield.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/earnings-yield.json)
- [EV/Sales](https://beanvest.com/stock/nvo/financials/charts/ev-sales.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/ev-sales.json)
- [EV/EBITDA](https://beanvest.com/stock/nvo/financials/charts/ev-ebitda.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/ev-ebitda.json)
- [Capital allocation](https://beanvest.com/stock/nvo/financials/charts/capital-allocation.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/capital-allocation.json)
- [Operating cash flow](https://beanvest.com/stock/nvo/financials/charts/ocf.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/ocf.json)
- [Capital expenditures](https://beanvest.com/stock/nvo/financials/charts/capex.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/capex.json)
- [Free cash flow](https://beanvest.com/stock/nvo/financials/charts/fcf.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/fcf.json)
- [Stock-based compensation](https://beanvest.com/stock/nvo/financials/charts/sbc.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/sbc.json)
- [SBC / free cash flow](https://beanvest.com/stock/nvo/financials/charts/sbc-fcf.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/sbc-fcf.json)
- [SBC / operating cash flow](https://beanvest.com/stock/nvo/financials/charts/sbc-ocf.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/sbc-ocf.json)
- [Software & intangible investment](https://beanvest.com/stock/nvo/financials/charts/software-capex.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/software-capex.json)
- [Diluted EPS](https://beanvest.com/stock/nvo/financials/charts/eps.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/eps.json)
- [Gross margin](https://beanvest.com/stock/nvo/financials/charts/gross-margin.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/gross-margin.json)
- [Operating margin](https://beanvest.com/stock/nvo/financials/charts/operating-margin.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/operating-margin.json)
- [Net margin](https://beanvest.com/stock/nvo/financials/charts/net-margin.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/net-margin.json)
- [EBITDA margin](https://beanvest.com/stock/nvo/financials/charts/ebitda-margin.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/ebitda-margin.json)
- [Operating cash flow margin](https://beanvest.com/stock/nvo/financials/charts/ocf-margin.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/ocf-margin.json)
- [Free cash flow margin](https://beanvest.com/stock/nvo/financials/charts/fcf-margin.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/fcf-margin.json)
- [Capex / revenue](https://beanvest.com/stock/nvo/financials/charts/capex-intensity.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/capex-intensity.json)
- [SBC / revenue](https://beanvest.com/stock/nvo/financials/charts/sbc-revenue.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/sbc-revenue.json)
- [ROIC](https://beanvest.com/stock/nvo/financials/charts/roic.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/roic.json)
- [ROCE](https://beanvest.com/stock/nvo/financials/charts/roce.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/roce.json)
- [ROIIC](https://beanvest.com/stock/nvo/financials/charts/roiic.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/roiic.json)
- [ROE](https://beanvest.com/stock/nvo/financials/charts/roe.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/roe.json)
- [ROA](https://beanvest.com/stock/nvo/financials/charts/roa.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/roa.json)
- [ROIC − WACC](https://beanvest.com/stock/nvo/financials/charts/roic-wacc.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/roic-wacc.json)
- [Total debt](https://beanvest.com/stock/nvo/financials/charts/debt.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/debt.json)
- [Cash & equivalents](https://beanvest.com/stock/nvo/financials/charts/cash.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/cash.json)
- [Net debt](https://beanvest.com/stock/nvo/financials/charts/net-debt.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/net-debt.json)
- [Debt / equity](https://beanvest.com/stock/nvo/financials/charts/debt-equity.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/debt-equity.json)
- [Debt / assets](https://beanvest.com/stock/nvo/financials/charts/debt-assets.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/debt-assets.json)
- [Net debt / EBITDA](https://beanvest.com/stock/nvo/financials/charts/net-debt-ebitda.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/net-debt-ebitda.json)
- [Debt / FCF](https://beanvest.com/stock/nvo/financials/charts/debt-fcf.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/debt-fcf.json)
- [Interest coverage](https://beanvest.com/stock/nvo/financials/charts/interest-coverage.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/interest-coverage.json)
- [Current ratio](https://beanvest.com/stock/nvo/financials/charts/current-ratio.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/current-ratio.json)
- [Diluted shares](https://beanvest.com/stock/nvo/financials/charts/diluted-shares.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/diluted-shares.json)
- [Basic shares](https://beanvest.com/stock/nvo/financials/charts/basic-shares.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/basic-shares.json)
- [Share count growth](https://beanvest.com/stock/nvo/financials/charts/dilution.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/dilution.json)
- [Share repurchases](https://beanvest.com/stock/nvo/financials/charts/buybacks.md) · [JSON](https://beanvest.com/stock/nvo/financials/charts/buybacks.json)

## Capital allocation

Each reported nonnegative cash use / sum of available tracked nonnegative cash uses × 100. Missing categories are omitted, never set to zero. This is the composition of tracked uses, not a complete cash-flow reconciliation or a percentage of OCF. SBC is noncash and excluded. Negative amounts are excluded as reversals or net receipts; they are not converted to spending.
Amounts: DKK_millions. Shares: %. Uses the same fiscal periods, date filter and pagination as the values above.

- **Capex**: Reported cash capital investment, preferring PPE purchases. Productive-assets disclosures can also include software and intangibles.
- **Acquisitions**: Cash paid to acquire businesses, net of cash acquired. Excludes purchases of financial investments.
- **Buybacks**: Reported cash payments to repurchase common stock. Separately disclosed employee-tax settlements are not added.
- **Dividends**: Reported cash dividend payments, preferring the aggregate over the common-stock alternative. Includes dividend equivalents when part of that reported concept.
- **Debt repayments**: Reported gross debt repayments, preferring an aggregate over long-term or convertible-debt components. These alternatives are never added. The selected concept defines the scope; net debt proceeds and lease payments are excluded.

| Period | Tracked uses (DKK_millions) | Capex (amount; %) | Acquisitions (amount; %) | Buybacks (amount; %) | Dividends (amount; %) | Debt repayments (amount; %) | Omitted categories |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 2026-Q2 | Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | capex, acquisitions, buybacks, dividends, debt_repayments |
| 2026-Q1 | Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | capex, acquisitions, buybacks, dividends, debt_repayments |
| 2025-Q4 | Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | capex, acquisitions, buybacks, dividends, debt_repayments |
| 2025-Q3 | Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | capex, acquisitions, buybacks, dividends, debt_repayments |
| 2025-Q2 | Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | capex, acquisitions, buybacks, dividends, debt_repayments |
| 2025-Q1 | Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | capex, acquisitions, buybacks, dividends, debt_repayments |
| 2024-Q4 | Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | capex, acquisitions, buybacks, dividends, debt_repayments |
| 2024-Q3 | Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | capex, acquisitions, buybacks, dividends, debt_repayments |
| 2024-Q2 | Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | capex, acquisitions, buybacks, dividends, debt_repayments |
| 2024-Q1 | Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | capex, acquisitions, buybacks, dividends, debt_repayments |
| 2023-Q4 | Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | capex, acquisitions, buybacks, dividends, debt_repayments |
| 2023-Q3 | Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | capex, acquisitions, buybacks, dividends, debt_repayments |
| 2023-Q2 | Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | capex, acquisitions, buybacks, dividends, debt_repayments |
| 2023-Q1 | Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | Unavailable; Unavailable | capex, acquisitions, buybacks, dividends, debt_repayments |

## Unavailable values

- pe: Diluted share count is unavailable in the extracted statements for this period.
- peg: Two complete TTM earnings bases and their diluted share counts are required for year-over-year growth.
- ps: Diluted share count is unavailable in the extracted statements for this period.
- pfcf: Diluted share count is unavailable in the extracted statements for this period.
- pfcf_growth: Two complete TTM FCF bases and their diluted share counts are required for year-over-year growth.
- pocf: Diluted share count is unavailable in the extracted statements for this period.
- pb: Diluted share count is unavailable in the extracted statements for this period.
- fcf_yield: Diluted share count is unavailable in the extracted statements for this period.
- earnings_yield: Diluted share count is unavailable in the extracted statements for this period.
- ev_sales: Reported borrowing balances are unavailable in the extracted statements for this period.
- ev_ebitda: Reported borrowing balances are unavailable in the extracted statements for this period.
- ocf: The reported inputs required for this metric are unavailable in the extracted statements for this period.
- capex: The reported inputs required for this metric are unavailable in the extracted statements for this period.
- fcf: The reported inputs required for this metric are unavailable in the extracted statements for this period.
- sbc: The reported inputs required for this metric are unavailable in the extracted statements for this period.
- sbc_fcf: The reported inputs required for this metric are unavailable in the extracted statements for this period.
- sbc_ocf: The reported inputs required for this metric are unavailable in the extracted statements for this period.
- software_capex: Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.
- eps: The reported inputs required for this metric are unavailable in the extracted statements for this period.
- gross_margin: The reported inputs required for this metric are unavailable in the extracted statements for this period.
- operating_margin: Operating income is unavailable in the extracted statements for this period.
- ebitda_margin: Operating income is unavailable in the extracted statements for this period.
- ocf_margin: The reported inputs required for this metric are unavailable in the extracted statements for this period.
- fcf_margin: The reported inputs required for this metric are unavailable in the extracted statements for this period.
- capex_intensity: The reported inputs required for this metric are unavailable in the extracted statements for this period.
- sbc_revenue: The reported inputs required for this metric are unavailable in the extracted statements for this period.
- roic: Reported borrowing balances are unavailable in the extracted statements for this period.
- roce: Operating income is unavailable in the extracted statements for this period.
- roiic: Reported borrowing balances are unavailable in the extracted statements for this period.
- roe: The reported inputs required for this metric are unavailable in the extracted statements for this period.
- roa: The reported inputs required for this metric are unavailable in the extracted statements for this period.
- roic_wacc: Reported borrowing balances are unavailable in the extracted statements for this period.
- debt: Reported borrowing balances are unavailable in the extracted statements for this period.
- cash: Cash and cash equivalents is unavailable in the extracted statements for this period.
- net_debt: Reported borrowing balances are unavailable in the extracted statements for this period.
- debt_equity: Reported borrowing balances are unavailable in the extracted statements for this period.
- debt_assets: Reported borrowing balances are unavailable in the extracted statements for this period.
- net_debt_ebitda: Reported borrowing balances are unavailable in the extracted statements for this period.
- debt_fcf: Reported borrowing balances are unavailable in the extracted statements for this period.
- interest_coverage: Operating income is unavailable in the extracted statements for this period.
- current_ratio: The reported inputs required for this metric are unavailable in the extracted statements for this period.
- diluted_shares: The reported inputs required for this metric are unavailable in the extracted statements for this period.
- basic_shares: The reported inputs required for this metric are unavailable in the extracted statements for this period.
- dilution: The reported inputs required for this metric are unavailable in the extracted statements for this period.
- buybacks: The reported inputs required for this metric are unavailable in the extracted statements for this period.
- ev_sales: Diluted share count is unavailable in the extracted statements for this period.
- ev_ebitda: Diluted share count is unavailable in the extracted statements for this period.
- operating_margin: The reported inputs required for this metric are unavailable in the extracted statements for this period.
- ebitda_margin: The reported inputs required for this metric are unavailable in the extracted statements for this period.
- net_debt_ebitda: The reported inputs required for this metric are unavailable in the extracted statements for this period.
- peg: The matching period one year earlier is unavailable.
- pfcf_growth: The matching period one year earlier is unavailable.
- roic: The matching period one year earlier is unavailable.
- roce: The matching period one year earlier is unavailable.
- roiic: The matching period one year earlier is unavailable.
- roe: The matching period one year earlier is unavailable.
- roa: The matching period one year earlier is unavailable.
- roic_wacc: The matching period one year earlier is unavailable.
- dilution: The matching period one year earlier is unavailable.
- pe: A complete trailing 12-month reporting basis is unavailable.
- peg: A complete trailing 12-month reporting basis is unavailable.
- ps: A complete trailing 12-month reporting basis is unavailable.
- pfcf: A complete trailing 12-month reporting basis is unavailable.
- pfcf_growth: A complete trailing 12-month reporting basis is unavailable.
- pocf: A complete trailing 12-month reporting basis is unavailable.
- fcf_yield: A complete trailing 12-month reporting basis is unavailable.
- earnings_yield: A complete trailing 12-month reporting basis is unavailable.
- ev_sales: A complete trailing 12-month reporting basis is unavailable.
- ev_ebitda: A complete trailing 12-month reporting basis is unavailable.
- roic: A complete trailing 12-month reporting basis is unavailable.
- roce: A complete trailing 12-month reporting basis is unavailable.
- roiic: A complete trailing 12-month reporting basis is unavailable.
- roe: A complete trailing 12-month reporting basis is unavailable.
- roa: A complete trailing 12-month reporting basis is unavailable.
- roic_wacc: A complete trailing 12-month reporting basis is unavailable.
- net_debt_ebitda: A complete trailing 12-month reporting basis is unavailable.
- debt_fcf: A complete trailing 12-month reporting basis is unavailable.
- interest_coverage: A complete trailing 12-month reporting basis is unavailable.

## Sources

- [sec-0000353278-8f0c1f318ccb](https://data.sec.gov/api/xbrl/companyfacts/CIK0000353278.json) · Retrieved 2026-09-28T07:37:41.538Z · SHA-256 8f0c1f318ccb9d225ba52d29297717f70e56f39658411d711fe34f9209d5f23b
- [filing-687293fdcc75029f](https://www.sec.gov/Archives/edgar/data/353278/000162828023015425/caq12023.htm) · Retrieved 2026-09-28T01:42:06.931Z · SHA-256 687293fdcc75029f02c7fa04baf5219a535f96e1c2e774cfc3572b38b4e09200
- [filing-4ee3bfb004e684b5](https://www.sec.gov/Archives/edgar/data/353278/000162828023028728/caq22023.htm) · Retrieved 2026-09-28T01:42:06.931Z · SHA-256 4ee3bfb004e684b569980ca83e1ba356632b0473dab34118ffe9585e42dc5249
- [filing-67f3c7b7d83d9a08](https://www.sec.gov/Archives/edgar/data/353278/000162828023036198/caq32023.htm) · Retrieved 2026-09-28T01:42:06.931Z · SHA-256 67f3c7b7d83d9a081f097291a3c7ba1c183721154dd3895b317b753d9262c74c
- [filing-8539823a7b923326](https://www.sec.gov/Archives/edgar/data/353278/000162828024002639/caq42023.htm) · Retrieved 2026-09-28T01:42:06.931Z · SHA-256 8539823a7b9233267fdd020c1412ca365cf802e2111b9b88b26988b3a66b3a5a
- [filing-7cbe682b309fe43f](https://www.sec.gov/Archives/edgar/data/353278/000162828024019781/caq12024.htm) · Retrieved 2026-09-28T01:42:06.931Z · SHA-256 7cbe682b309fe43f190c2d72cdca6a2d81164be2dc577a03d14dab2213a6aab5
- [filing-fc7e745d4350a948](https://www.sec.gov/Archives/edgar/data/353278/000162828024035364/caq22024.htm) · Retrieved 2026-09-28T01:42:06.931Z · SHA-256 fc7e745d4350a94883321e33dfd3eca22a6d9f8587ead4d8e284e349b170a371
- [filing-2ff24718ea815c3d](https://www.sec.gov/Archives/edgar/data/353278/000162828024045439/caq32024.htm) · Retrieved 2026-09-28T01:42:06.931Z · SHA-256 2ff24718ea815c3d456545e0d8089a8b6cea6549f2a81cc48c763b92d2a68880
- [filing-ca8af363afb7b266](https://www.sec.gov/Archives/edgar/data/353278/000162828025003924/caq42024.htm) · Retrieved 2026-09-28T01:42:06.931Z · SHA-256 ca8af363afb7b26642fc1efe71dc2ac71a06a3bdcd0cd0bc16c2c5d76202542b
- [filing-40af8102acfba32c](https://www.sec.gov/Archives/edgar/data/353278/000162828025022877/caq12025.htm) · Retrieved 2026-09-28T01:42:06.931Z · SHA-256 40af8102acfba32c4c745200b746c9c774fcb9fc647800f9c3f0c729d0d33b41
- [filing-7f27ff649ba4d6c8](https://www.sec.gov/Archives/edgar/data/353278/000162828025038087/caq22025.htm) · Retrieved 2026-09-28T01:42:06.931Z · SHA-256 7f27ff649ba4d6c8f8ad608e0248c9429d004feee1cda47fafe04f69f51c7579
- [filing-354d9c2b148c2885](https://www.sec.gov/Archives/edgar/data/353278/000035327825000005/caq32025.htm) · Retrieved 2026-09-28T01:42:06.931Z · SHA-256 354d9c2b148c2885025851a1dd2099260be7f2774d64124d936733d148253dbe
- [filing-3212eae84f37d15b](https://www.sec.gov/Archives/edgar/data/353278/000035327826000006/caq42025.htm) · Retrieved 2026-09-28T01:42:06.931Z · SHA-256 3212eae84f37d15b164abce83b3a2271d93f5b02fb90df693170cb458eabe012
- [filing-f1052d2319176836](https://www.sec.gov/Archives/edgar/data/353278/000035327826000018/caq12026.htm) · Retrieved 2026-09-28T01:42:06.931Z · SHA-256 f1052d231917683660cfffd79c5cb6dcbdefdc1a1179d5c07a16d48150872ef3
- [filing-c01a5ffea0b2279e](https://www.sec.gov/Archives/edgar/data/353278/000035327826000023/caq22026.htm) · Retrieved 2026-09-28T01:44:46.836Z · SHA-256 c01a5ffea0b2279ed4c3da1ab6f01bf51e39e605982c6b9ae7462cc0669a447b
- [inline-0000353278-f500ae6c51e2](https://www.sec.gov/Archives/edgar/data/353278/000035327826000012/nvo-20251231_d2.htm) · Retrieved 2026-10-18T11:55:57.368Z · SHA-256 f500ae6c51e2022513d97f39d3562a1b2ed9b58c11b4fdb14fbc0707cfece32d
- [inline-0000353278-69197498110e](https://www.sec.gov/Archives/edgar/data/353278/000162828024002635/nvo-20231231_d2.htm) · Retrieved 2026-10-18T11:55:57.368Z · SHA-256 69197498110e2ce78c73ae1ea7ebe067215b9946738fea3285d80c1cdd52ca01
- [inline-0000353278-28126d087235](https://www.sec.gov/Archives/edgar/data/353278/000035327826000012/nvo-20251231.htm) · Retrieved 2026-10-17T21:44:23.883Z · SHA-256 28126d08723509b9f9180877dd5c884200f394be1eda360409eedec520d6ce8c
- [inline-0000353278-54bd5e6d3d65](https://www.sec.gov/Archives/edgar/data/353278/000162828024002635/nvo-20231231.htm) · Retrieved 2026-10-18T11:50:46.001Z · SHA-256 54bd5e6d3d65378307b4e580fa3e048583f45741102c66a695c28bf0398e406f

## Data conventions

- Null means an unavailable input or undefined calculation, never zero. Values are unrounded; money and shares are in millions unless a column states otherwise.
- Fiscal periods use actual reporting start/end dates. Annual reported values are not constructed by adding quarterly EPS or weighted share counts. Partial years are labelled.
- FCF uses operating cash flow minus reported cash capital investment, preferring PPE purchases. The productive-assets fallback can also include software and intangibles. Acquisitions and noncash leases are excluded. Deduct SBC is an optional economic-cost scenario; missing SBC remains unavailable.
- SBC / FCF and SBC / OCF compare amounts from the same fiscal period. SBC / FCF always uses FCF before SBC deduction; nonpositive denominators are undefined and values above 100% remain valid.
- Capital allocation percentages describe available tracked cash uses, not all company spending or a fraction of OCF. Missing categories remain null, negative payments are excluded and SBC is noncash. Annual shares use reported annual amounts.
- Valuation uses completed, split-adjusted closes without dividend adjustment and a complete trailing year. Financial bases become eligible after publication; selected facts can contain later restatements. This is not a vintage-filings backtest.
- Mean and median use all valid observations in the selected date range before pagination. Historical pricing labels compare the latest positive value with its own median and do not estimate intrinsic fair value.
- Reporting currencies are retained without conversion. USD market capitalization, where available, is a separate dated Nasdaq snapshot.
- WACC is an editable US industry scenario across history, not a historical company cost of capital. Industry exclusions, missing inputs and pending filings remain explicit.