Novavax, Inc. (NVAX) Earnings History
Annual and quarterly earnings data from 1996 to 2025
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EPS Growth Rates (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 93.5% | 40.3% | 39.2% |
| 2024 | 70.3% | -36.5% | -27.5% |
| 2023 | 38.2% | -101.8% | -98.0% |
| 2022 | 43.5% | -40.3% | -41.1% |
| 2021 | 100.0% | -853.6% | -882.5% |
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Novavax, Inc. (NVAX) Earnings Overview
As of February 28, 2026, Novavax, Inc. (NVAX) reported trailing twelve-month net income of $440M, reflecting +3.1% year-over-year growth. The company earned $2.54 per diluted share over the past four quarters, with a net profit margin of 0.4%.
Looking at the long-term picture, NVAX's historical earnings data spans multiple years. The company achieved its highest annual net income of $440M in fiscal 2025, representing a new all-time high.
Novavax, Inc. maintains positive profitability with a gross margin of 0.9%, operating margin of 0.4%, and net margin of 0.4%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including BNTX (-$572M net income, -0.2% margin), MRNA (-$3.12B net income, -1.1% margin), SMMT (-$1.08B net income), NVAX has outperformed on profitability metrics. Compare NVAX vs BNTX →
Peer Comparison
Earnings metrics vs industry competitors
Historical Data
30 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $440M | +334.8% | $453M | $2.58 | 39.2% | 40.3% |
| 2024 | -$187M | +65.6% | -$249M | $-1.23 | -27.5% | -36.5% |
| 2023 | -$545M | +17.2% | -$567M | $-5.41 | -98.0% | -101.8% |
| 2022 | -$658M | +62.3% | -$645M | $-8.42 | -41.1% | -40.3% |
| 2021 | -$1.74B | -316.9% | -$1.69B | $-23.44 | -882.5% | -853.6% |
| 2020 | -$418M | -221.5% | -$417M | $-7.43 | -1868.2% | -1861.3% |
| 2019 | -$130M | +29.6% | -$121M | $-5.40 | -697.1% | -646.1% |
| 2018 | -$185M | -0.5% | -$174M | $-9.99 | -538.8% | -507.2% |
| 2017 | -$184M | +34.4% | -$172M | $-12.56 | -589.5% | -550.8% |
| 2016 | -$280M | -78.4% | -$269M | $-20.68 | -1823.5% | -1752.8% |
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Start ComparisonFrequently Asked Questions
Is NVAX growing earnings?
NVAX EPS of $2.54 reflects slowing growth at +3.1%, below the 5-year CAGR of N/A. TTM net income is $440M. Expansion rate has moderated.
What are NVAX's profit margins?
Novavax, Inc. net margin is +0.4%, with operating margin at +0.4%. Below-average margins reflect competitive or cost pressures.
How consistent are NVAX's earnings?
NVAX earnings data spans 1996-2025. The current earnings trend is +3.1% YoY. Historical data enables comparison across business cycles.