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NOVAVAX INC

NVAX

$9.77 ▼ -0.88 (-8.26%) at close

18 Visible periods

30 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Good

Bullish

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Analytical Summary

NOVAVAX INC shows strong fundamentals with top-quartile Profit Margin (%) and Operating Margin (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $1.6B

Dividend Yield —

Revenue Growth 64.7% ↗

Op. Margin 40.3% ↗

ROIC -352.9% ↘

FCF / Share $-1.51 ↘

Trailing P/E 3.6x

Price / Book —

FCF Yield —

Debt / Equity —

info Valuation on last close. End-of-day price, Nov 5, 2026.

18-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$1.12B

↑ +64.7% —

Net Income Profit after all expenses

$440.30M

↑ +334.8% —

Operating Margin Operating profit as % of sales

40.3%

↑ +210.4% 94th

FCF / Share Free cash flow per share

$-1.51

↓ -163.4% —

trending_up

Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile
Profit Margin (%)Profit Margin (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability

Financial Health

Cash Quality ↓

Financial view

Statement lens

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📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue Growth YoY (%)	64.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+709%)	-30.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-483%)	-50.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-730%)	72.9% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+811%)	141.0% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1663%)	2448.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+30506%)	-45.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-670%)	10.0% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+25%)	103.1% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1188%)	-57.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-821%)	18.2% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+128%)	46.6% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+482%)	-5.3% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-166%)	50.3% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+529%)	—	—	—	—
EPS Growth YoY (%)	N/M	77.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	35.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	64.1% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-222.4% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income Growth YoY (%)	N/M	65.6% Excellent ↑ Excellent Improving Year-over-year change in net income	17.2% Good ↑ Good Improving Year-over-year change in net income	62.3% Excellent ↑ Excellent Improving Year-over-year change in net income	-316.9% Weak ↓ Weak Declining Year-over-year change in net income	-215.2% Weak ↓ Weak Declining Year-over-year change in net income	28.2% Excellent ↑ Excellent Improving Year-over-year change in net income	-0.5% Weak ↑ Weak Improving Year-over-year change in net income	34.4% Excellent ↑ Excellent Improving Year-over-year change in net income	-78.4% Weak → Weak Stable Year-over-year change in net income	-89.2% Weak ↓ Weak Declining Year-over-year change in net income	-59.6% Weak ↓ Weak Declining Year-over-year change in net income	-82.4% Weak ↓ Weak Declining Year-over-year change in net income	-47.2% Weak ↓ Weak Declining Year-over-year change in net income	45.8% Excellent Excellent Year-over-year change in net income	11.5% Fair Fair Year-over-year change in net income	—	—
FCF Growth YoY (%)	-163.4% Weak ↓ Weak Declining Year-over-year change in free cash flow	91.9% Excellent Excellent Year-over-year change in free cash flow	-33.2% Weak Weak Year-over-year change in free cash flow	N/M	N/M	—	—	—	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 3Y (%)	-17.2% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-15.9% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	27.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	373.6% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	222.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	148.0% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	6.7% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	-1.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	0.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-9.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	18.0% Excellent Excellent Compound annual revenue growth over 3 years	27.8% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—	—	—
Revenue CAGR 5Y (%)	18.8% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	105.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	95.7% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	129.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	136.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	67.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	-9.5% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	10.4% Good ↑ Good Improving Compound annual revenue growth over 5 years	7.1% Fair Fair Compound annual revenue growth over 5 years	0.9% Weak Weak Compound annual revenue growth over 5 years	—	—	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Operating Margin (%) (%)	40.3% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+169%)	-36.5% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-343%)	-57.6% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-484%)	-32.5% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-317%)	-147.1% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1081%)	-87.6% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-684%)	—	—	—	—	-433.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2992%)	-273.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1920%)	-250.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1771%)	-134.4% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-996%)	-146.9% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1079%)	—	—	—
Effective Tax Rate (%) (%)	0.4% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-6.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.4% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.7% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-1.7% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	39.2% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+227%)	-27.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-329%)	-55.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-562%)	-33.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-377%)	-152.1% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1368%)	-87.9% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-833%)	—	—	—	—	-432.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-3708%)	-270.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2355%)	-248.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2171%)	-129.1% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1176%)	-131.8% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1199%)	—	—	—
FCF Margin (%) (%)	-21.8% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-12.8% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-72.6% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-21.0% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	28.2% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	-8.9% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	-463.4% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	-82.6% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-160.9% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—
FCF / Net Income (x)	-0.56x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.47x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.31x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.63x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.19x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.10x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.03x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	1.00x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	0.79x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	0.91x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—	—	—	0.64x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.22x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.92x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	0.81x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Return on Invested Capital (%)	-352.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	42.4% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	79.3% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	102.3% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	487.8% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-66.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	51.2% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	81.8% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	133.3% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	3833.4% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-42.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-28.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-20.4% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-29.2% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-31.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-51.5% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-42.2% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	38.5% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	-16.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-31.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-28.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-65.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-26.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-69.7% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	-83.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-56.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-68.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-40.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-30.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-22.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-29.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-32.4% Weak Weak Operating profit relative to total assets Optimal: > 10%	-51.4% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	—	30.1% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+100%)	76.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+407%)	103.8% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+592%)	—	-66.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-545%)	71.3% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+376%)	110.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+633%)	180.6% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+1104%)	—	-53.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-457%)	-36.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-341%)	-25.6% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-271%)	-35.5% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-337%)	-36.0% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-340%)	-60.5% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-503%)	-57.7% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-485%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Debt to Equity (x)	—	—	—	—	—	—	—	—	—	—	0.00x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.00x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.00x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-99%)	-0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	-0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	—	—	—
Interest Coverage (x)	39.28x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	-23.87x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-49.40x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-32.43x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-79.83x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-27.52x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-8.86x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-12.78x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-12.20x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-20.76x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-652.43x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-533.06x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-327.71x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-927.03x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-2397.67x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-4277.11x Weak Weak Operating income divided by interest expense Optimal: > 5x	-47.56x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-240.63M	$-530.23M	$-568.50M	$-1.34B	$-1.52B	$-553.40M	$-78.82M	$-70.15M	$-106.31M	$-144.35M	$-92.71M	$-31.73M	$-118.59M	$-17.56M	$-14.12M	$-8.06M	$-38.76M	$-26.94M
Debt / EBITDA (x)	—	—	—	—	—	—	—	—	—	—	-0.00x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.01x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.02x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.01x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue per Share (USD)	$6.94	$4.48	$9.76	$25.35	$15.41	$8.26	—	—	—	—	—	—	—	—	—	—	—	—
Basic EPS, GAAP (USD)	$2.72	$-1.23	$-5.41	$-8.42	$-23.44	$-7.27	—	—	—	—	—	—	—	—	—	—	—	—
Free Cash Flow per Share (USD)	$-1.51	$-0.57	$-7.09	$-5.32	$4.34	$-0.74	—	—	—	—	—	—	—	—	—	—	—	—
Book Value per Share (USD)	$-0.79	$-3.89	$-5.14	$-7.37	$-4.64	$8.84	$-5.75	$-174.73	$-0.31	$-0.02	$1.08	$0.96	$0.97	$0.54	$0.46	$0.53	—	—
Tangible Book Value per Share (USD)	$-1.48	$-4.56	$-6.05	$-8.84	$-6.43	$6.85	$-7.50	$-235.60	$-0.50	$-0.24	$0.85	$0.68	$0.61	$0.32	$0.18	$0.23	—	—
Basic Weighted Avg Shares (shares)	161.99M	152.19M	100.77M	78.18M	74.40M	57.55M	—	—	—	—	—	—	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Working Capital (USD)	$518.33M	$-25.47M	$-491.25M	$-756.55M	$-235.20M	$668.53M	$71.45M	$73.74M	$129.64M	$221.42M	$210.76M	$154.04M	$126.88M	$38.73M	$18.53M	$23.07M	—	—
Total Equity (USD)	$-127.75M	$-623.84M	$-716.93M	$-634.08M	$-351.67M	$627.21M	$-186.02M	$-167.94M	$-101.73M	$-5.55M	$292.67M	$229.62M	$203.23M	$80.24M	$53.85M	$59.05M	$69.95M	$42.95M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Sales/Revenue/Turnover (USD)	$1.12B	$682.16M	$983.71M	$1.98B	$1.15B	$475.60M	$18.66M	$34.29M	$31.18M	$15.35M	$36.25M	$30.66M	$20.91M	$22.08M	$14.69M	—	—	—
Depreciation Expense (USD)	$28.00M	$48.00M	$41.00M	$29.00M	$12.50M	$4.30M	$5.10M	$7.40M	$7.60M	$7.70M	$6.00M	$4.40M	$2.60M	$1.70M	$1.60M	—	—	—
Net Income, GAAP (USD)	$440.30M	$-187.50M	$-545.06M	$-657.94M	$-1.74B	$-418.26M	$-132.69M	$-184.75M	$-183.77M	$-279.97M	$-156.94M	$-82.95M	$-51.98M	$-28.51M	$-19.36M	$-35.71M	$-40.35M	—
Operating Cash Flow (USD)	$-244.63M	$-87.26M	$-713.97M	$-415.94M	$322.95M	$-42.54M	$-136.62M	$-184.82M	$-144.48M	$-255.47M	—	—	—	$-18.23M	$-23.63M	$-32.85M	$-32.83M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 18 years · 68 quarters

NOVAVAX INC

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