Drug Manufacturers - General
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NVO vs SNY
Revenue, margins, valuation, and 5-year total return — side by side.
Drug Manufacturers - General
NVO vs SNY — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Drug Manufacturers - General | Drug Manufacturers - General |
| Market Cap | $151.36B | $104.72B |
| Revenue (TTM) | $297.20B | $46.72B |
| Net Income (TTM) | $98.50B | $7.81B |
| Gross Margin | 81.0% | 72.3% |
| Operating Margin | 41.4% | 13.6% |
| Forward P/E | 2.1x | 10.3x |
| Total Debt | $130.96B | $21.79B |
| Cash & Equiv. | $26.46B | $7.66B |
NVO vs SNY — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Novo Nordisk A/S (NVO) | 100 | 136.2 | +36.2% |
| Sanofi (SNY) | 100 | 88.3 | -11.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NVO vs SNY
Each card shows where this stock fits in a portfolio — not just who wins on paper.
NVO carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 2.3%, EPS growth 1.8%, 3Y rev CAGR 18.9%
- 101.2% 10Y total return vs SNY's 63.2%
- Lower P/E (2.1x vs 10.3x)
SNY is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 0 yrs, beta 0.51, yield 5.1%
- Lower volatility, beta 0.51, Low D/E 30.4%, current ratio 1.09x
- Beta 0.51, yield 5.1%, current ratio 1.09x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 5.5% revenue growth vs NVO's 2.3% | |
| Value | Lower P/E (2.1x vs 10.3x) | |
| Quality / Margins | 33.1% margin vs SNY's 16.7% | |
| Stability / Safety | Beta 0.51 vs NVO's 1.56, lower leverage | |
| Dividends | 3.9% yield, 8-year raise streak, vs SNY's 5.1% | |
| Momentum (1Y) | -13.3% vs NVO's -32.4% | |
| Efficiency (ROA) | 18.1% ROA vs SNY's 6.1%, ROIC 34.9% vs 5.5% |
NVO vs SNY — 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 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
NVO is the larger business by revenue, generating $297.2B annually — 6.4x 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 | $297.2B | $46.7B |
| EBITDAEarnings before interest/tax | $144.2B | $9.6B |
| Net IncomeAfter-tax profit | $98.5B | $7.8B |
| Free Cash FlowCash after capex | $56.2B | $8.3B |
| Gross MarginGross profit ÷ Revenue | +81.0% | +72.3% |
| Operating MarginEBIT ÷ Revenue | +41.4% | +13.6% |
| Net MarginNet income ÷ Revenue | +33.1% | +16.7% |
| FCF MarginFCF ÷ Revenue | +18.9% | +17.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | -21.5% | +59.9% |
| EPS Growth (YoY)Latest quarter vs prior year | -4.6% | -5.2% |
Valuation Metrics
Evenly matched — NVO and SNY each lead in 3 of 6 comparable metrics.
Valuation Metrics
At 12.5x trailing earnings, NVO trades at a 32% valuation discount to SNY's 18.3x P/E. On an enterprise value basis, NVO's 7.4x EV/EBITDA is more attractive than SNY's 10.9x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $151.4B | $104.7B |
| Enterprise ValueMkt cap + debt − cash | $167.7B | $121.2B |
| Trailing P/EPrice ÷ TTM EPS | 12.46x | 18.28x |
| Forward P/EPrice ÷ next-FY EPS est. | 2.10x | 10.30x |
| PEG RatioP/E ÷ EPS growth rate | 0.60x | — |
| EV / EBITDAEnterprise value multiple | 7.44x | 10.86x |
| Price / SalesMarket cap ÷ Revenue | 3.26x | 1.92x |
| Price / BookPrice ÷ Book value/share | 6.58x | 1.26x |
| Price / FCFMarket cap ÷ FCF | 17.07x | 10.08x |
Profitability & Efficiency
NVO leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
NVO delivers a 50.8% return on equity — every $100 of shareholder capital generates $51 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 | +50.8% | +10.8% |
| ROA (TTM)Return on assets | +18.1% | +6.1% |
| ROICReturn on invested capital | +34.9% | +5.5% |
| ROCEReturn on capital employed | +42.8% | +6.3% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 7 |
| Debt / EquityFinancial leverage | 0.67x | 0.30x |
| Net DebtTotal debt minus cash | $104.5B | $14.1B |
| Cash & Equiv.Liquid assets | $26.5B | $7.7B |
| Total DebtShort + long-term debt | $131.0B | $21.8B |
| Interest CoverageEBIT ÷ Interest expense | 20.26x | 17.51x |
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 $13,691 today (with dividends reinvested), compared to $10,539 for SNY. Over the past 12 months, SNY leads with a -13.3% total return vs NVO's -32.4%. The 3-year compound annual growth rate (CAGR) favors SNY at -2.8% vs NVO's -15.6% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -11.9% | -6.4% |
| 1-Year ReturnPast 12 months | -32.4% | -13.3% |
| 3-Year ReturnCumulative with dividends | -39.9% | -8.1% |
| 5-Year ReturnCumulative with dividends | +36.9% | +5.4% |
| 10-Year ReturnCumulative with dividends | +101.2% | +63.2% |
| CAGR (3Y)Annualised 3-year return | -15.6% | -2.8% |
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 78.4% from its 52-week high vs NVO's 55.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.56x | 0.51x |
| 52-Week HighHighest price in past year | $81.44 | $55.29 |
| 52-Week LowLowest price in past year | $35.12 | $43.09 |
| % of 52W HighCurrent price vs 52-week peak | +55.1% | +78.4% |
| RSI (14)Momentum oscillator 0–100 | 69.7 | 30.4 |
| Avg Volume (50D)Average daily shares traded | 19.5M | 3.3M |
Analyst Outlook
Evenly matched — NVO and SNY each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates NVO as "Buy" and SNY as "Buy". Consensus price targets imply 15.3% upside for SNY (target: $50) vs 4.7% for NVO (target: $47). For income investors, SNY offers the higher dividend yield at 5.06% vs NVO's 3.90%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $47.00 | $50.00 |
| # AnalystsCovering analysts | 39 | 27 |
| Dividend YieldAnnual dividend ÷ price | +3.9% | +5.1% |
| Dividend StreakConsecutive years of raises | 8 | 0 |
| Dividend / ShareAnnual DPS | $11.19 | $1.88 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | +5.4% |
NVO leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). SNY leads in 2 (Total Returns, Risk & Volatility). 2 tied.
NVO vs SNY: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is NVO or SNY a better buy right now?
For growth investors, Sanofi (SNY) is the stronger pick with 5.
5% revenue growth year-over-year, versus 2. 3% for Novo Nordisk A/S (NVO). Novo Nordisk A/S (NVO) offers the better valuation at 12. 5x trailing P/E (2. 1x forward), making it the more compelling value choice. Analysts rate Novo Nordisk A/S (NVO) a "Buy" — based on 39 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 — NVO or SNY?
On trailing P/E, Novo Nordisk A/S (NVO) is the cheapest at 12.
5x versus Sanofi at 18. 3x. On forward P/E, Novo Nordisk A/S is actually cheaper at 2. 1x.
03Which is the better long-term investment — NVO or SNY?
Over the past 5 years, Novo Nordisk A/S (NVO) delivered a total return of +36.
9%, compared to +5. 4% for Sanofi (SNY). Over 10 years, the gap is even starker: NVO returned +101. 2% versus SNY's +63. 2%. 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 — NVO or SNY?
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 — NVO or SNY?
By revenue growth (latest reported year), Sanofi (SNY) is pulling ahead at 5.
5% versus 2. 3% for Novo Nordisk A/S (NVO). 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 18. 9% 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 — NVO or SNY?
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. 4% 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 NVO or SNY more undervalued right now?
On forward earnings alone, Novo Nordisk A/S (NVO) trades at 2.
1x forward P/E versus 10. 3x for Sanofi — 8. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for SNY: 15. 3% to $50. 00.
08Which pays a better dividend — NVO or SNY?
All stocks in this comparison pay dividends.
Sanofi (SNY) offers the highest yield at 5. 1%, versus 3. 9% for Novo Nordisk A/S (NVO).
09Is NVO or SNY 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. 1% 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: +63. 2%, NVO: +101. 2%), 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 NVO and SNY?
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: NVO is a mid-cap deep-value stock; SNY is a mid-cap income-oriented 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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