Drug Manufacturers - General
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SNY vs NVO
Revenue, margins, valuation, and 5-year total return — side by side.
Drug Manufacturers - General
SNY vs NVO — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Drug Manufacturers - General | Drug Manufacturers - General |
| Market Cap | $105.71B | $203.36B |
| Revenue (TTM) | $46.72B | $309.06B |
| Net Income (TTM) | $7.81B | $102.43B |
| Gross Margin | 72.3% | 81.0% |
| Operating Margin | 13.6% | 41.3% |
| Forward P/E | 10.4x | 2.1x |
| Total Debt | $21.79B | $130.96B |
| Cash & Equiv. | $7.66B | $26.46B |
SNY vs NVO — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Sanofi (SNY) | 100 | 89.1 | -10.9% |
| Novo Nordisk A/S (NVO) | 100 | 138.8 | +38.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: SNY vs NVO
Each card shows where this stock fits in a portfolio — not just who wins on paper.
SNY is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 0 yrs, beta 0.51, yield 5.0%
- Lower volatility, beta 0.51, Low D/E 30.4%, current ratio 1.09x
- Beta 0.51, yield 5.0%, current ratio 1.09x
NVO carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 6.4%, EPS growth 1.8%, 3Y rev CAGR 20.4%
- 105.1% 10Y total return vs SNY's 60.6%
- 6.4% revenue growth vs SNY's 5.5%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 6.4% revenue growth vs SNY's 5.5% | |
| Value | Lower P/E (2.1x vs 10.4x) | |
| Quality / Margins | 33.1% margin vs SNY's 16.7% | |
| Stability / Safety | Beta 0.51 vs NVO's 1.56, lower leverage | |
| Dividends | 5.0% yield, vs NVO's 4.0% | |
| Momentum (1Y) | -10.2% vs NVO's -28.2% | |
| Efficiency (ROA) | 20.2% ROA vs SNY's 6.1%, ROIC 36.2% vs 5.5% |
SNY vs NVO — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
NVO leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
NVO is the larger business by revenue, generating $309.1B annually — 6.6x SNY's $46.7B. NVO is the more profitable business, keeping 33.1% of every revenue dollar as net income compared to SNY's 16.7%. On growth, SNY holds the edge at +59.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $46.7B | $309.1B |
| EBITDAEarnings before interest/tax | $9.6B | $149.6B |
| Net IncomeAfter-tax profit | $7.8B | $102.4B |
| Free Cash FlowCash after capex | $8.3B | $29.0B |
| Gross MarginGross profit ÷ Revenue | +72.3% | +81.0% |
| Operating MarginEBIT ÷ Revenue | +13.6% | +41.3% |
| Net MarginNet income ÷ Revenue | +16.7% | +33.1% |
| FCF MarginFCF ÷ Revenue | +17.7% | +9.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +59.9% | -7.6% |
| EPS Growth (YoY)Latest quarter vs prior year | -5.2% | -4.6% |
Valuation Metrics
Evenly matched — SNY and NVO each lead in 3 of 6 comparable metrics.
Valuation Metrics
At 12.7x trailing earnings, NVO trades at a 31% valuation discount to SNY's 18.4x P/E. On an enterprise value basis, NVO's 9.4x EV/EBITDA is more attractive than SNY's 10.9x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $105.7B | $203.4B |
| Enterprise ValueMkt cap + debt − cash | $122.3B | $219.8B |
| Trailing P/EPrice ÷ TTM EPS | 18.37x | 12.65x |
| Forward P/EPrice ÷ next-FY EPS est. | 10.40x | 2.14x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.61x |
| EV / EBITDAEnterprise value multiple | 10.91x | 9.35x |
| Price / SalesMarket cap ÷ Revenue | 1.93x | 4.19x |
| Price / BookPrice ÷ Book value/share | 1.27x | 6.68x |
| Price / FCFMarket cap ÷ FCF | 10.13x | 44.67x |
Profitability & Efficiency
SNY leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
NVO delivers a 61.1% return on equity — every $100 of shareholder capital generates $61 in annual profit, vs $11 for SNY. SNY carries lower financial leverage with a 0.30x debt-to-equity ratio, signaling a more conservative balance sheet compared to NVO's 0.67x. On the Piotroski fundamental quality scale (0–9), SNY scores 7/9 vs NVO's 5/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +10.8% | +61.1% |
| ROA (TTM)Return on assets | +6.1% | +20.2% |
| ROICReturn on invested capital | +5.5% | +36.2% |
| ROCEReturn on capital employed | +6.3% | +44.4% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 5 |
| Debt / EquityFinancial leverage | 0.30x | 0.67x |
| Net DebtTotal debt minus cash | $14.1B | $104.5B |
| Cash & Equiv.Liquid assets | $7.7B | $26.5B |
| Total DebtShort + long-term debt | $21.8B | $131.0B |
| Interest CoverageEBIT ÷ Interest expense | 17.51x | 13.45x |
Total Returns (Dividends Reinvested)
SNY leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in NVO five years ago would be worth $13,900 today (with dividends reinvested), compared to $10,530 for SNY. Over the past 12 months, SNY leads with a -10.2% total return vs NVO's -28.2%. The 3-year compound annual growth rate (CAGR) favors SNY at -2.0% vs NVO's -16.0% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -5.6% | -10.2% |
| 1-Year ReturnPast 12 months | -10.2% | -28.2% |
| 3-Year ReturnCumulative with dividends | -5.9% | -40.7% |
| 5-Year ReturnCumulative with dividends | +5.3% | +39.0% |
| 10-Year ReturnCumulative with dividends | +60.6% | +105.1% |
| CAGR (3Y)Annualised 3-year return | -2.0% | -16.0% |
Risk & Volatility
SNY leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
SNY is the less volatile stock with a 0.51 beta — it tends to amplify market swings less than NVO's 1.56 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. SNY currently trades 79.9% from its 52-week high vs NVO's 56.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.51x | 1.56x |
| 52-Week HighHighest price in past year | $54.75 | $81.44 |
| 52-Week LowLowest price in past year | $43.09 | $35.12 |
| % of 52W HighCurrent price vs 52-week peak | +79.9% | +56.2% |
| RSI (14)Momentum oscillator 0–100 | 30.5 | 71.1 |
| Avg Volume (50D)Average daily shares traded | 3.3M | 19.2M |
Analyst Outlook
Evenly matched — SNY and NVO each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates SNY as "Buy" and NVO as "Buy". Consensus price targets imply 14.2% upside for SNY (target: $50) vs 2.7% for NVO (target: $47). For income investors, SNY offers the higher dividend yield at 5.04% vs NVO's 3.99%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $50.00 | $47.00 |
| # AnalystsCovering analysts | 27 | 39 |
| Dividend YieldAnnual dividend ÷ price | +5.0% | +4.0% |
| Dividend StreakConsecutive years of raises | 0 | 8 |
| Dividend / ShareAnnual DPS | $1.88 | $11.64 |
| Buyback YieldShare repurchases ÷ mkt cap | +5.4% | +0.1% |
SNY leads in 3 of 6 categories (Profitability & Efficiency, Total Returns). NVO leads in 1 (Income & Cash Flow). 2 tied.
SNY vs NVO: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is SNY or NVO a better buy right now?
For growth investors, Novo Nordisk A/S (NVO) is the stronger pick with 6.
4% revenue growth year-over-year, versus 5. 5% for Sanofi (SNY). Novo Nordisk A/S (NVO) offers the better valuation at 12. 7x trailing P/E (2. 1x forward), making it the more compelling value choice. Analysts rate Sanofi (SNY) a "Buy" — based on 27 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — SNY or NVO?
On trailing P/E, Novo Nordisk A/S (NVO) is the cheapest at 12.
7x versus Sanofi at 18. 4x. On forward P/E, Novo Nordisk A/S is actually cheaper at 2. 1x.
03Which is the better long-term investment — SNY or NVO?
Over the past 5 years, Novo Nordisk A/S (NVO) delivered a total return of +39.
0%, compared to +5. 3% for Sanofi (SNY). Over 10 years, the gap is even starker: NVO returned +105. 1% versus SNY's +60. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — SNY or NVO?
By beta (market sensitivity over 5 years), Sanofi (SNY) is the lower-risk stock at 0.
51β versus Novo Nordisk A/S's 1. 56β — meaning NVO is approximately 203% more volatile than SNY relative to the S&P 500. On balance sheet safety, Sanofi (SNY) carries a lower debt/equity ratio of 30% versus 67% for Novo Nordisk A/S — giving it more financial flexibility in a downturn.
05Which is growing faster — SNY or NVO?
By revenue growth (latest reported year), Novo Nordisk A/S (NVO) is pulling ahead at 6.
4% versus 5. 5% for Sanofi (SNY). On earnings-per-share growth, the picture is similar: Novo Nordisk A/S grew EPS 1. 8% year-over-year, compared to -7. 3% for Sanofi. Over a 3-year CAGR, NVO leads at 20. 4% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — SNY or NVO?
Novo Nordisk A/S (NVO) is the more profitable company, earning 33.
1% net margin versus 16. 7% for Sanofi — meaning it keeps 33. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NVO leads at 41. 3% versus 13. 6% for SNY. At the gross margin level — before operating expenses — NVO leads at 81. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is SNY or NVO more undervalued right now?
On forward earnings alone, Novo Nordisk A/S (NVO) trades at 2.
1x forward P/E versus 10. 4x for Sanofi — 8. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for SNY: 14. 2% to $50. 00.
08Which pays a better dividend — SNY or NVO?
All stocks in this comparison pay dividends.
Sanofi (SNY) offers the highest yield at 5. 0%, versus 4. 0% for Novo Nordisk A/S (NVO).
09Is SNY or NVO better for a retirement portfolio?
For long-horizon retirement investors, Sanofi (SNY) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
51), 5. 0% yield). Novo Nordisk A/S (NVO) carries a higher beta of 1. 56 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (SNY: +60. 6%, NVO: +105. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between SNY and NVO?
Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: SNY is a mid-cap income-oriented stock; NVO is a large-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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