Novartis AG (NOVN) — Capital Reinvestment Ratio
Latest as of March 2026:
0.09x
Novartis AG (NOVN) has a Capital Reinvestment Ratio of 0.09x as of March 2026, meaning it reinvests 0% of its operating cash flow (CHF3.60 Billion) in capital expenditures (CHF338.45 Million). See Novartis AG (NOVN) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.09x
Capex / Operating Cash Flow
Operating Cash Flow
CHF3.60 Billion
CHF
Capital Expenditures
CHF338.45 Million
CHF
Data as of
Mar 2026
Most recent filing
Novartis AG Capital Reinvestment Ratio (1998–2025)
This chart tracks Novartis AG's Capital Reinvestment Ratio across 28 annual periods.
Annual Capital Reinvestment Ratio for Novartis AG (1998–2025)
Year-by-year Capital Reinvestment Ratio for Novartis AG from 1998 to 2025. For live market cap and broader valuation context, see market value of Novartis AG.
| Year | Reinvestment Ratio | Operating CF (CHF) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.08x | CHF20.05 Billion | CHF1.62 Billion | ▼ -62.6% |
| 2024 | 0.22x | CHF17.62 Billion | CHF3.81 Billion | ▲ +13.7% |
| 2023 | 0.19x | CHF14.46 Billion | CHF2.75 Billion | ▲ +1.5% |
| 2022 | 0.19x | CHF14.24 Billion | CHF2.67 Billion | ▼ -4.8% |
| 2021 | 0.20x | CHF15.07 Billion | CHF2.97 Billion | ▲ +4.1% |
| 2020 | 0.19x | CHF13.65 Billion | CHF2.58 Billion | ▲ +14.3% |
| 2019 | 0.17x | CHF13.62 Billion | CHF2.26 Billion | ▼ -29.5% |
| 2018 | 0.24x | CHF14.27 Billion | CHF3.35 Billion | ▲ +8.0% |
| 2017 | 0.22x | CHF12.62 Billion | CHF2.75 Billion | ▼ -13.3% |
| 2016 | 0.25x | CHF11.47 Billion | CHF2.88 Billion | ▼ -22.5% |
| 2015 | 0.32x | CHF11.90 Billion | CHF3.85 Billion | ▲ +21.5% |
| 2014 | 0.27x | CHF13.90 Billion | CHF3.70 Billion | ▼ -7.0% |
| 2013 | 0.29x | CHF13.17 Billion | CHF3.77 Billion | ▲ +23.1% |
| 2012 | 0.23x | CHF14.19 Billion | CHF3.31 Billion | ▲ +39.6% |
| 2011 | 0.17x | CHF14.31 Billion | CHF2.39 Billion | ▲ +5.1% |
| 2010 | 0.16x | CHF14.07 Billion | CHF2.23 Billion | ▼ -29.2% |
| 2009 | 0.22x | CHF12.19 Billion | CHF2.73 Billion | ▼ -5.4% |
| 2008 | 0.24x | CHF9.77 Billion | CHF2.32 Billion | ▼ -30.3% |
| 2007 | 0.34x | CHF9.21 Billion | CHF3.13 Billion | ▲ +27.6% |
| 2006 | 0.27x | CHF8.71 Billion | CHF2.32 Billion | ▲ +39.2% |
| 2005 | 0.19x | CHF8.08 Billion | CHF1.55 Billion | ▼ -11.1% |
| 2004 | 0.22x | CHF6.72 Billion | CHF1.45 Billion | ▼ -7.0% |
| 2003 | 0.23x | CHF6.65 Billion | CHF1.54 Billion | ▲ +14.0% |
| 2002 | 0.20x | CHF5.83 Billion | CHF1.19 Billion | ▲ +10.6% |
| 2001 | 0.18x | CHF4.43 Billion | CHF815.00 Million | ▲ +3.5% |
| 2000 | 0.18x | CHF4.64 Billion | CHF825.00 Million | ▼ -10.6% |
| 1999 | 0.20x | CHF4.33 Billion | CHF862.00 Million | ▼ -24.7% |
| 1998 | 0.26x | CHF4.28 Billion | CHF1.13 Billion | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow