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. See Novartis AG (NOVN) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
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. For the full cash flow conversion analysis, see Novartis AG cash flow conversion.
Annual Cash Flow Reinvestment Rate for Novartis AG (1998–2025)
Year-by-year capital reinvestment analysis for Novartis AG. See Novartis AG (NOVN) financial flexibility to measure the company's free cash flow as a share of total liabilities.
| 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 | — |