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. Explore Novartis AG capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
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. Also explore Novartis AG asset portfolio for the complete picture of this company's asset base.
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 Novartis AG (NOVN) total market value.
| 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 | — |