Novartis AG (NOVN) — Free Cash Flow Generation Index
Novartis AG (NOVN) has a Free Cash Flow Generation Index of 0.91x as of March 2026. Free cash flow of CHF3.26 Billion represents 1% of operating cash flow (CHF3.60 Billion). See Novartis AG current assets vs equity 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 Free Cash Flow Generation Index (1998–2025)
Historical FCF Generation Index trend for Novartis AG across 28 annual periods. Explore Novartis AG cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Novartis AG (1998–2025)
Year-by-year Free Cash Flow Generation Index for Novartis AG. For the full company profile including market capitalisation, see NOVN stock market capitalisation.
| Year | FCG Index | Free Cash Flow (CHF) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.92x | CHF18.43 Billion | CHF20.05 Billion | CHF1.62 Billion | ▲ +17.3% |
| 2024 | 0.78x | CHF13.80 Billion | CHF17.62 Billion | CHF3.81 Billion | ▼ -3.2% |
| 2023 | 0.81x | CHF11.71 Billion | CHF14.46 Billion | CHF2.75 Billion | ▼ -0.3% |
| 2022 | 0.81x | CHF11.56 Billion | CHF14.24 Billion | CHF2.67 Billion | ▲ +1.2% |
| 2021 | 0.80x | CHF12.10 Billion | CHF15.07 Billion | CHF2.97 Billion | ▼ -1.0% |
| 2020 | 0.81x | CHF11.06 Billion | CHF13.65 Billion | CHF2.58 Billion | ▼ -2.8% |
| 2019 | 0.83x | CHF11.37 Billion | CHF13.62 Billion | CHF2.26 Billion | ▲ +9.1% |
| 2018 | 0.76x | CHF10.92 Billion | CHF14.27 Billion | CHF3.35 Billion | ▼ -2.2% |
| 2017 | 0.78x | CHF9.88 Billion | CHF12.62 Billion | CHF2.75 Billion | ▲ +4.4% |
| 2016 | 0.75x | CHF8.60 Billion | CHF11.47 Billion | CHF2.88 Billion | ▲ +10.8% |
| 2015 | 0.68x | CHF8.05 Billion | CHF11.90 Billion | CHF3.85 Billion | ▼ -7.8% |
| 2014 | 0.73x | CHF10.19 Billion | CHF13.90 Billion | CHF3.70 Billion | ▲ +2.8% |
| 2013 | 0.71x | CHF9.40 Billion | CHF13.17 Billion | CHF3.77 Billion | ▼ -7.0% |
| 2012 | 0.77x | CHF10.89 Billion | CHF14.19 Billion | CHF3.31 Billion | ▼ -7.9% |
| 2011 | 0.83x | CHF11.92 Billion | CHF14.31 Billion | CHF2.39 Billion | ▼ -1.0% |
| 2010 | 0.84x | CHF11.84 Billion | CHF14.07 Billion | CHF2.23 Billion | ▲ +8.4% |
| 2009 | 0.78x | CHF9.46 Billion | CHF12.19 Billion | CHF2.73 Billion | ▲ +1.7% |
| 2008 | 0.76x | CHF7.45 Billion | CHF9.77 Billion | CHF2.32 Billion | ▲ +15.6% |
| 2007 | 0.66x | CHF6.08 Billion | CHF9.21 Billion | CHF3.13 Billion | ▼ -10.0% |
| 2006 | 0.73x | CHF6.39 Billion | CHF8.71 Billion | CHF2.32 Billion | ▼ -9.3% |
| 2005 | 0.81x | CHF6.53 Billion | CHF8.08 Billion | CHF1.55 Billion | ▲ +3.1% |
| 2004 | 0.78x | CHF5.28 Billion | CHF6.72 Billion | CHF1.45 Billion | ▲ +2.1% |
| 2003 | 0.77x | CHF5.11 Billion | CHF6.65 Billion | CHF1.54 Billion | ▼ -3.6% |
| 2002 | 0.80x | CHF4.64 Billion | CHF5.83 Billion | CHF1.19 Billion | ▼ -2.4% |
| 2001 | 0.82x | CHF3.62 Billion | CHF4.43 Billion | CHF815.00 Million | ▼ -0.8% |
| 2000 | 0.82x | CHF3.82 Billion | CHF4.64 Billion | CHF825.00 Million | ▲ +2.6% |
| 1999 | 0.80x | CHF3.47 Billion | CHF4.33 Billion | CHF862.00 Million | ▲ +8.9% |
| 1998 | 0.74x | CHF3.15 Billion | CHF4.28 Billion | CHF1.13 Billion | — |