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Astrazeneca vs Novo Nordisk A S

Astrazeneca is the larger business, with $58.74bn of revenue in fiscal 2025 against $46.82bn for Novo Nordisk A S (1.3 times as much). Novo Nordisk A S grew faster (11.1% against 8.6%). Novo Nordisk A S kept more of each dollar of sales as profit: a net margin of 33.1% against 17.4%. Astrazeneca carries less debt relative to equity (60.9% against 136.1%).

Latest fiscal yearAstrazenecaAZN, 2025Novo Nordisk A SNVO, 2025
Revenue $58.74bn $46.82bn
Revenue growth 8.6% 11.1%
Net income $10.22bn $15.52bn
Operating margin 23.4% 41.3%
Net margin 17.4% 33.1%
Return on equity 22.9% 61.6%
Free cash flow $11.77bn $8.93bn
Cash $5.71bn $4.16bn
Total debt $29.62bn $41.49bn
Debt to equity 60.9% 136.1%
Dividend per share — —
Dividend yield 1.7% 4.4%
Share buybacks $521m $210m
Employees — —
Market value $286.25bn $177.65bn
Price vs our value range Within our value range Below our value range
Moat score — —
Insider trades, 12 months 1 buys, 1 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.