Novartis AG ADR (NVS) — Free Cash Flow Generation Index
Novartis AG ADR (NVS) has a Free Cash Flow Generation Index of 0.78x as of March 2026. Free cash flow of $2.87 Billion represents 1% of operating cash flow ($3.68 Billion). See working capital to net assets of Novartis AG ADR to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Novartis AG ADR Free Cash Flow Generation Index (1998–2025)
Historical FCF Generation Index trend for Novartis AG ADR across 28 annual periods. Explore how well can Novartis AG ADR service its debt to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Novartis AG ADR (1998–2025)
Year-by-year Free Cash Flow Generation Index for Novartis AG ADR. For the full company profile including market capitalisation, see Novartis AG ADR (NVS) total market value.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.92x | $17.69 Billion | $19.24 Billion | $1.56 Billion | ▲ +17.3% |
| 2024 | 0.78x | $13.80 Billion | $17.62 Billion | $3.81 Billion | ▼ -3.2% |
| 2023 | 0.81x | $11.71 Billion | $14.46 Billion | $2.75 Billion | ▼ -0.3% |
| 2022 | 0.81x | $11.56 Billion | $14.24 Billion | $2.67 Billion | ▲ +1.2% |
| 2021 | 0.80x | $12.10 Billion | $15.07 Billion | $2.97 Billion | ▼ -1.0% |
| 2020 | 0.81x | $11.06 Billion | $13.65 Billion | $2.58 Billion | ▼ -2.8% |
| 2019 | 0.83x | $11.37 Billion | $13.62 Billion | $2.26 Billion | ▲ +9.1% |
| 2018 | 0.76x | $10.92 Billion | $14.27 Billion | $3.35 Billion | ▼ -2.2% |
| 2017 | 0.78x | $9.88 Billion | $12.62 Billion | $2.75 Billion | ▲ +4.4% |
| 2016 | 0.75x | $8.60 Billion | $11.47 Billion | $2.88 Billion | ▲ +10.8% |
| 2015 | 0.68x | $8.05 Billion | $11.90 Billion | $3.85 Billion | ▼ -7.8% |
| 2014 | 0.73x | $10.19 Billion | $13.90 Billion | $3.70 Billion | ▲ +2.8% |
| 2013 | 0.71x | $9.40 Billion | $13.17 Billion | $3.77 Billion | ▼ -7.0% |
| 2012 | 0.77x | $10.89 Billion | $14.19 Billion | $3.31 Billion | ▼ -7.9% |
| 2011 | 0.83x | $11.92 Billion | $14.31 Billion | $2.39 Billion | ▼ -1.0% |
| 2010 | 0.84x | $11.84 Billion | $14.07 Billion | $2.23 Billion | ▲ +8.4% |
| 2009 | 0.78x | $9.46 Billion | $12.19 Billion | $2.73 Billion | ▲ +1.7% |
| 2008 | 0.76x | $7.45 Billion | $9.77 Billion | $2.32 Billion | ▲ +15.6% |
| 2007 | 0.66x | $6.08 Billion | $9.21 Billion | $3.13 Billion | ▼ -10.0% |
| 2006 | 0.73x | $6.39 Billion | $8.71 Billion | $2.32 Billion | ▼ -9.3% |
| 2005 | 0.81x | $6.53 Billion | $8.08 Billion | $1.55 Billion | ▲ +3.1% |
| 2004 | 0.78x | $5.28 Billion | $6.72 Billion | $1.45 Billion | ▲ +2.1% |
| 2003 | 0.77x | $5.11 Billion | $6.65 Billion | $1.54 Billion | ▼ -3.6% |
| 2002 | 0.80x | $4.64 Billion | $5.83 Billion | $1.19 Billion | ▼ -2.4% |
| 2001 | 0.82x | $3.62 Billion | $4.43 Billion | $815.00 Million | ▼ -0.8% |
| 2000 | 0.82x | $3.82 Billion | $4.64 Billion | $825.00 Million | ▲ +2.6% |
| 1999 | 0.80x | $3.47 Billion | $4.33 Billion | $862.00 Million | ▲ +8.9% |
| 1998 | 0.74x | $3.15 Billion | $4.28 Billion | $1.13 Billion | — |