Novartis (NVS) FCF conversion US GAAP (year values)

FY2021 FY2022 FY2023 FY2024 FY2025   LTM ? 5 years average
FCF conversion, % 40.5% 81.7% 64.1% 66.6% 76.9%   73.0%  
Changes by years, y/y, % -24pp +41pp -18pp +3pp +10pp     +66%

Novartis. FCF conversion, %

Novartis. FCF conversion, changes, pp

Novartis (NVS) FCF conversion US GAAP (quarter values)

FY2025Q2 FY2025Q3 FY2025Q4 FY2026Q1 FY2026Q2   LTM ?
FCF conversion, % 100.5% 98.3% 32.4% 53.0% 93.8%   73.0%
Changes by years, y/y, % +21pp +1pp -27pp +16pp -7pp    
Changes by quarters, q/q, % +64pp -2pp -66pp +21pp +41pp    

Novartis. FCF conversion, %

Novartis. FCF conversion, changes, pp

Novartis. FCF conversion, changes, pp