Novartis AG (NOVN) — Cash Flow Reinvestment Rate
Novartis AG (NOVN) has a Cash Flow Reinvestment Rate of 0.40x as of March 2026, reinvesting CHF1.45 Billion (capex CHF338.45 Million plus investments CHF1.11 Billion) from operating cash flow of CHF3.60 Billion. Check Novartis AG cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Novartis AG Cash Flow Reinvestment Rate (1998–2025)
Historical reinvestment intensity for Novartis AG across 28 annual periods. Explore Novartis AG strategic investment ratio to see how much of total assets are deployed in long-term investments.
Annual Cash Flow Reinvestment Rate for Novartis AG (1998–2025)
Year-by-year capital reinvestment analysis for Novartis AG. For live market cap and broader valuation context, see how much is Novartis AG worth.
| Year | Reinvestment Rate | Total Reinvested (CHF) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.17x | CHF3.50 Billion | CHF20.05 Billion | CHF1.62 Billion | ▼ -72.9% |
| 2024 | 0.64x | CHF11.33 Billion | CHF17.62 Billion | CHF3.81 Billion | ▲ +7.6% |
| 2023 | 0.60x | CHF8.64 Billion | CHF14.46 Billion | CHF2.75 Billion | ▲ +105.6% |
| 2022 | 0.29x | CHF4.14 Billion | CHF14.24 Billion | CHF2.67 Billion | ▼ -55.2% |
| 2021 | 0.65x | CHF9.79 Billion | CHF15.07 Billion | CHF2.97 Billion | ▲ +152.7% |
| 2020 | 0.26x | CHF3.51 Billion | CHF13.65 Billion | CHF2.58 Billion | ▼ -35.6% |
| 2019 | 0.40x | CHF5.43 Billion | CHF13.62 Billion | CHF2.26 Billion | ▼ -59.9% |
| 2018 | 1.00x | CHF14.20 Billion | CHF14.27 Billion | CHF3.35 Billion | ▲ +352.7% |
| 2017 | 0.22x | CHF2.77 Billion | CHF12.62 Billion | CHF2.75 Billion | ▼ -60.1% |
| 2016 | 0.55x | CHF6.32 Billion | CHF11.47 Billion | CHF2.88 Billion | ▲ +53.0% |
| 2015 | 0.36x | CHF4.28 Billion | CHF11.90 Billion | CHF3.85 Billion | ▲ +35.1% |
| 2014 | 0.27x | CHF3.70 Billion | CHF13.90 Billion | CHF3.70 Billion | ▼ -7.0% |
| 2013 | 0.29x | CHF3.77 Billion | CHF13.17 Billion | CHF3.77 Billion | ▲ +23.1% |
| 2012 | 0.23x | CHF3.31 Billion | CHF14.19 Billion | CHF3.31 Billion | ▲ +39.6% |
| 2011 | 0.17x | CHF2.39 Billion | CHF14.31 Billion | CHF2.39 Billion | ▲ +5.1% |
| 2010 | 0.16x | CHF2.23 Billion | CHF14.07 Billion | CHF2.23 Billion | ▼ -29.2% |
| 2009 | 0.22x | CHF2.73 Billion | CHF12.19 Billion | CHF2.73 Billion | ▼ -5.4% |
| 2008 | 0.24x | CHF2.32 Billion | CHF9.77 Billion | CHF2.32 Billion | ▼ -30.3% |
| 2007 | 0.34x | CHF3.13 Billion | CHF9.21 Billion | CHF3.13 Billion | ▲ +27.6% |
| 2006 | 0.27x | CHF2.32 Billion | CHF8.71 Billion | CHF2.32 Billion | ▲ +39.2% |
| 2005 | 0.19x | CHF1.55 Billion | CHF8.08 Billion | CHF1.55 Billion | ▼ -11.1% |
| 2004 | 0.22x | CHF1.45 Billion | CHF6.72 Billion | CHF1.45 Billion | ▼ -7.0% |
| 2003 | 0.23x | CHF1.54 Billion | CHF6.65 Billion | CHF1.54 Billion | ▲ +14.0% |
| 2002 | 0.20x | CHF1.19 Billion | CHF5.83 Billion | CHF1.19 Billion | ▲ +10.6% |
| 2001 | 0.18x | CHF815.00 Million | CHF4.43 Billion | CHF815.00 Million | ▲ +3.5% |
| 2000 | 0.18x | CHF825.00 Million | CHF4.64 Billion | CHF825.00 Million | ▼ -10.6% |
| 1999 | 0.20x | CHF862.00 Million | CHF4.33 Billion | CHF862.00 Million | ▼ -24.7% |
| 1998 | 0.26x | CHF1.13 Billion | CHF4.28 Billion | CHF1.13 Billion | — |