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Stock Comparison

NVS vs PFE

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
NVS
Novartis AG

Drug Manufacturers - General

HealthcareNYSE • CH
Market Cap$277.63B
5Y Perf.+75.9%
PFE
Pfizer Inc.

Drug Manufacturers - General

HealthcareNYSE • US
Market Cap$150.40B
5Y Perf.-27.0%

NVS vs PFE — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
NVS logoNVS
PFE logoPFE
IndustryDrug Manufacturers - GeneralDrug Manufacturers - General
Market Cap$277.63B$150.40B
Revenue (TTM)$56.05B$63.31B
Net Income (TTM)$13.53B$7.49B
Gross Margin75.3%69.3%
Operating Margin30.5%23.4%
Forward P/E16.6x8.9x
Total Debt$37.03B$67.42B
Cash & Equiv.$11.44B$1.14B

NVS vs PFELong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

NVS
PFE
StockMay 20May 26Return
Novartis AG (NVS)100175.9+75.9%
Pfizer Inc. (PFE)10073.0-27.0%

Price return only. Dividends and distributions are not included.

Quick Verdict: NVS vs PFE

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: NVS leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Pfizer Inc. is the stronger pick specifically for valuation and capital efficiency and dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
NVS
Novartis AG
The Growth Play

NVS carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.

  • Rev growth 6.0%, EPS growth 22.5%, 3Y rev CAGR 8.0%
  • 180.1% 10Y total return vs PFE's 30.5%
  • Lower volatility, beta 0.42, Low D/E 79.6%, current ratio 1.12x
Best for: growth exposure and long-term compounding
PFE
Pfizer Inc.
The Income Pick

PFE is the clearest fit if your priority is income & stability and defensive.

  • Dividend streak 15 yrs, beta 0.54, yield 6.5%
  • Beta 0.54, yield 6.5%, current ratio 1.16x
  • Lower P/E (8.9x vs 16.6x)
Best for: income & stability and defensive
See the full category breakdown
CategoryWinnerWhy
GrowthNVS logoNVS6.0% revenue growth vs PFE's -1.6%
ValuePFE logoPFELower P/E (8.9x vs 16.6x)
Quality / MarginsNVS logoNVS24.1% margin vs PFE's 11.8%
Stability / SafetyNVS logoNVSBeta 0.42 vs PFE's 0.54
DividendsPFE logoPFE6.5% yield, 15-year raise streak, vs NVS's 2.8%
Momentum (1Y)NVS logoNVS+32.9% vs PFE's +18.0%
Efficiency (ROA)NVS logoNVS12.1% ROA vs PFE's 3.6%, ROIC 18.8% vs 7.5%

NVS vs PFE — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

NVSNovartis AG
FY 2022
Top 20 products
74.3%$32.1B
Rest of portfolio
21.2%$9.2B
Total anti-infectives net sales
2.8%$1.2B
Anti Infectives sold under Sandoz name
1.8%$777M
PFEPfizer Inc.
FY 2025
Biopharma Segment
100.0%$61.2B

NVS vs PFE — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLNVSLAGGINGPFE

Income & Cash Flow (Last 12 Months)

NVS leads this category, winning 5 of 6 comparable metrics.

PFE and NVS operate at a comparable scale, with $63.3B and $56.1B in trailing revenue. NVS is the more profitable business, keeping 24.1% of every revenue dollar as net income compared to PFE's 11.8%. On growth, PFE holds the edge at +5.4% YoY revenue growth, suggesting stronger near-term business momentum.

MetricNVS logoNVSNovartis AGPFE logoPFEPfizer Inc.
RevenueTrailing 12 months$56.1B$63.3B
EBITDAEarnings before interest/tax$22.5B$21.0B
Net IncomeAfter-tax profit$13.5B$7.5B
Free Cash FlowCash after capex$16.4B$9.5B
Gross MarginGross profit ÷ Revenue+75.3%+69.3%
Operating MarginEBIT ÷ Revenue+30.5%+23.4%
Net MarginNet income ÷ Revenue+24.1%+11.8%
FCF MarginFCF ÷ Revenue+29.2%+15.0%
Rev. Growth (YoY)Latest quarter vs prior year-0.7%+5.4%
EPS Growth (YoY)Latest quarter vs prior year-9.3%-9.5%
NVS leads this category, winning 5 of 6 comparable metrics.

Valuation Metrics

PFE leads this category, winning 5 of 6 comparable metrics.

At 19.4x trailing earnings, PFE trades at a 4% valuation discount to NVS's 20.2x P/E. On an enterprise value basis, PFE's 10.7x EV/EBITDA is more attractive than NVS's 13.5x.

MetricNVS logoNVSNovartis AGPFE logoPFEPfizer Inc.
Market CapShares × price$277.6B$150.4B
Enterprise ValueMkt cap + debt − cash$303.2B$216.7B
Trailing P/EPrice ÷ TTM EPS20.24x19.44x
Forward P/EPrice ÷ next-FY EPS est.16.59x8.93x
PEG RatioP/E ÷ EPS growth rate1.32x
EV / EBITDAEnterprise value multiple13.52x10.65x
Price / SalesMarket cap ÷ Revenue5.07x2.40x
Price / BookPrice ÷ Book value/share6.11x1.73x
Price / FCFMarket cap ÷ FCF15.70x16.57x
PFE leads this category, winning 5 of 6 comparable metrics.

Profitability & Efficiency

NVS leads this category, winning 7 of 9 comparable metrics.

NVS delivers a 31.4% return on equity — every $100 of shareholder capital generates $31 in annual profit, vs $8 for PFE. PFE carries lower financial leverage with a 0.78x debt-to-equity ratio, signaling a more conservative balance sheet compared to NVS's 0.80x. On the Piotroski fundamental quality scale (0–9), PFE scores 7/9 vs NVS's 6/9, reflecting strong financial health.

MetricNVS logoNVSNovartis AGPFE logoPFEPfizer Inc.
ROE (TTM)Return on equity+31.4%+8.3%
ROA (TTM)Return on assets+12.1%+3.6%
ROICReturn on invested capital+18.8%+7.5%
ROCEReturn on capital employed+21.1%+9.0%
Piotroski ScoreFundamental quality 0–967
Debt / EquityFinancial leverage0.80x0.78x
Net DebtTotal debt minus cash$25.6B$66.3B
Cash & Equiv.Liquid assets$11.4B$1.1B
Total DebtShort + long-term debt$37.0B$67.4B
Interest CoverageEBIT ÷ Interest expense13.92x4.02x
NVS leads this category, winning 7 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

NVS leads this category, winning 6 of 6 comparable metrics.

A $10,000 investment in NVS five years ago would be worth $19,780 today (with dividends reinvested), compared to $8,677 for PFE. Over the past 12 months, NVS leads with a +32.9% total return vs PFE's +18.0%. The 3-year compound annual growth rate (CAGR) favors NVS at 16.7% vs PFE's -6.5% — a key indicator of consistent wealth creation.

MetricNVS logoNVSNovartis AGPFE logoPFEPfizer Inc.
YTD ReturnYear-to-date+8.5%+6.7%
1-Year ReturnPast 12 months+32.9%+18.0%
3-Year ReturnCumulative with dividends+58.9%-18.2%
5-Year ReturnCumulative with dividends+97.8%-13.2%
10-Year ReturnCumulative with dividends+180.1%+30.5%
CAGR (3Y)Annualised 3-year return+16.7%-6.5%
NVS leads this category, winning 6 of 6 comparable metrics.

Risk & Volatility

Evenly matched — NVS and PFE each lead in 1 of 2 comparable metrics.

NVS is the less volatile stock with a 0.42 beta — it tends to amplify market swings less than PFE's 0.54 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. PFE currently trades 92.0% from its 52-week high vs NVS's 85.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricNVS logoNVSNovartis AGPFE logoPFEPfizer Inc.
Beta (5Y)Sensitivity to S&P 5000.42x0.54x
52-Week HighHighest price in past year$170.46$28.75
52-Week LowLowest price in past year$104.93$21.97
% of 52W HighCurrent price vs 52-week peak+85.4%+92.0%
RSI (14)Momentum oscillator 0–10040.141.4
Avg Volume (50D)Average daily shares traded2.0M33.1M
Evenly matched — NVS and PFE each lead in 1 of 2 comparable metrics.

Analyst Outlook

PFE leads this category, winning 2 of 2 comparable metrics.

Wall Street rates NVS as "Hold" and PFE as "Hold". Consensus price targets imply 3.1% upside for PFE (target: $27) vs -3.1% for NVS (target: $141). For income investors, PFE offers the higher dividend yield at 6.50% vs NVS's 2.76%.

MetricNVS logoNVSNovartis AGPFE logoPFEPfizer Inc.
Analyst RatingConsensus buy/hold/sellHoldHold
Price TargetConsensus 12-month target$141.00$27.27
# AnalystsCovering analysts2539
Dividend YieldAnnual dividend ÷ price+2.8%+6.5%
Dividend StreakConsecutive years of raises615
Dividend / ShareAnnual DPS$4.02$1.72
Buyback YieldShare repurchases ÷ mkt cap+3.3%0.0%
PFE leads this category, winning 2 of 2 comparable metrics.
Key Takeaway

NVS leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). PFE leads in 2 (Valuation Metrics, Analyst Outlook). 1 tied.

Best OverallNovartis AG (NVS)Leads 3 of 6 categories
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NVS vs PFE: Frequently Asked Questions

10 questions · data-driven answers · updated daily

01

Is NVS or PFE a better buy right now?

For growth investors, Novartis AG (NVS) is the stronger pick with 6.

0% revenue growth year-over-year, versus -1. 6% for Pfizer Inc. (PFE). Pfizer Inc. (PFE) offers the better valuation at 19. 4x trailing P/E (8. 9x forward), making it the more compelling value choice. Analysts rate Novartis AG (NVS) a "Hold" — based on 25 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.

02

Which has the better valuation — NVS or PFE?

On trailing P/E, Pfizer Inc.

(PFE) is the cheapest at 19. 4x versus Novartis AG at 20. 2x. On forward P/E, Pfizer Inc. is actually cheaper at 8. 9x.

03

Which is the better long-term investment — NVS or PFE?

Over the past 5 years, Novartis AG (NVS) delivered a total return of +97.

8%, compared to -13. 2% for Pfizer Inc. (PFE). Over 10 years, the gap is even starker: NVS returned +180. 1% versus PFE's +30. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — NVS or PFE?

By beta (market sensitivity over 5 years), Novartis AG (NVS) is the lower-risk stock at 0.

42β versus Pfizer Inc. 's 0. 54β — meaning PFE is approximately 28% more volatile than NVS relative to the S&P 500. On balance sheet safety, Pfizer Inc. (PFE) carries a lower debt/equity ratio of 78% versus 80% for Novartis AG — giving it more financial flexibility in a downturn.

05

Which is growing faster — NVS or PFE?

By revenue growth (latest reported year), Novartis AG (NVS) is pulling ahead at 6.

0% versus -1. 6% for Pfizer Inc. (PFE). On earnings-per-share growth, the picture is similar: Novartis AG grew EPS 22. 5% year-over-year, compared to -3. 5% for Pfizer Inc.. Over a 3-year CAGR, NVS leads at 8. 0% 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.

06

Which has better profit margins — NVS or PFE?

Novartis AG (NVS) is the more profitable company, earning 25.

6% net margin versus 12. 4% for Pfizer Inc. — meaning it keeps 25. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NVS leads at 31. 2% versus 24. 7% for PFE. At the gross margin level — before operating expenses — NVS leads at 75. 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.

07

Is NVS or PFE more undervalued right now?

On forward earnings alone, Pfizer Inc.

(PFE) trades at 8. 9x forward P/E versus 16. 6x for Novartis AG — 7. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for PFE: 3. 1% to $27. 27.

08

Which pays a better dividend — NVS or PFE?

All stocks in this comparison pay dividends.

Pfizer Inc. (PFE) offers the highest yield at 6. 5%, versus 2. 8% for Novartis AG (NVS).

09

Is NVS or PFE better for a retirement portfolio?

For long-horizon retirement investors, Novartis AG (NVS) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.

42), 2. 8% yield, +180. 1% 10Y return). Both have compounded well over 10 years (NVS: +180. 1%, PFE: +30. 5%), 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.

10

What are the main differences between NVS and PFE?

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: NVS is a large-cap quality compounder stock; PFE 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.

Find Stocks Like These

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Stocks Like

NVS

Dividend Mega-Cap Quality

  • Sector: Healthcare
  • Market Cap > $100B
  • Net Margin > 14%
  • Dividend Yield > 1.1%
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Stocks Like

PFE

Income & Dividend Stock

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 5%
  • Net Margin > 7%
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Beat Both

Find stocks that outperform NVS and PFE on the metrics below

Revenue Growth>
%
(NVS: -0.7% · PFE: 5.4%)
Net Margin>
%
(NVS: 24.1% · PFE: 11.8%)
P/E Ratio<
x
(NVS: 20.2x · PFE: 19.4x)

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