English

NOVO NORDISK A S

EDGAR

NONOF Report (type unavailable) · filed 2026-10-06

1,499 filing records in this dataset, filed from 2002-11-14 to 2026-10-06. Reported financial figures are available; chart coverage varies by period.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments

Watchlist

Latest fiscal year

Revenue

127 billion DKK

2020 · DKK

Exact inputs and evidence

Revenue: 126946000000 DKK Source

Operating margin

42.64%

2020 · %

Exact inputs and evidence

Operating Income: 54126000000 DKK Source
Revenue: 126946000000 DKK Source

Operating cash flow

52 billion DKK

2020 · DKK

Exact inputs and evidence

Operating Cash Flow: 51951000000 DKK Source

Free cash flow

46.1 billion DKK

2020 · DKK

Exact inputs and evidence

Operating Cash Flow: 51951000000 DKK Source
Capital Expenditure: 5825000000 DKK Source

Cash and cash equivalents: 12.2 billion DKK 2020-12-31 Source
Exact value

12226000000 DKK
Long-term debt including current maturities: Not available
Shares outstanding: Not available

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-06.

Financial data available through: 2020-12-31.

Financial coverage is incomplete. Newer filings are recorded, but comparable financial figures for those periods are not available here yet.

Coverage by financial measure

Revenue: 6 of 11 periods available· newest 2020-12-31
Operating income: 6 of 11 periods available· newest 2020-12-31
net income: No compatible figures in this window
Operating cash flow: 6 of 11 periods available· newest 2020-12-31
Capital expenditure: 6 of 11 periods available· newest 2020-12-31
Total assets: 6 of 11 periods available· newest 2020-12-31
Total liabilities: 5 of 11 periods available· newest 2020-12-31
Current assets: 5 of 11 periods available· newest 2020-12-31
Current liabilities: 5 of 11 periods available· newest 2020-12-31
Cash and cash equivalents: 6 of 11 periods available· newest 2020-12-31
long term debt: No compatible figures in this window
shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
+4%

Prior period

DKK 122.02 billion

2019-01-01 – 2019-12-31
Current period

DKK 126.95 billion

2020-01-01 – 2020-12-31

Exact inputs and evidence

126946000000 − 122021000000 = 4925000000 DKK

122021000000 DKK · 2019-01-01 – 2019-12-31
Inspect prior input Prior source
126946000000 DKK · 2020-01-01 – 2020-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · NOVO NORDISK A S · 2020-12-31 NOVO NORDISK A S (edgar:353278) Year-over-year change in Revenue: 4925000000 DKK Concept: fundies:Revenue Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T11:42:25Z Snapshot: 6fdf8f8346ce1d47f5075c955ca34bac565b3499cec5afa92b4e0c8a5d659ac7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/353278?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 126946000000 DKK (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828021001358/nvo-20201231.htm#2621048 Filing: 000162828021001358 Input fundies:Revenue: 122021000000 DKK (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828021001358/nvo-20201231.htm#2621823 Filing: 000162828021001358
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+11%

Prior period

DKK 46.78 billion

2019-01-01 – 2019-12-31
Current period

DKK 51.95 billion

2020-01-01 – 2020-12-31

Exact inputs and evidence

51951000000 − 46782000000 = 5169000000 DKK

46782000000 DKK · 2019-01-01 – 2019-12-31
Inspect prior input Prior source
51951000000 DKK · 2020-01-01 – 2020-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · NOVO NORDISK A S · 2020-12-31 NOVO NORDISK A S (edgar:353278) Year-over-year change in Operating cash flow: 5169000000 DKK Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T11:42:25Z Snapshot: 6fdf8f8346ce1d47f5075c955ca34bac565b3499cec5afa92b4e0c8a5d659ac7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/353278?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: 51951000000 DKK (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828021001358/nvo-20201231.htm#4025490 Filing: 000162828021001358 Input fundies:OperatingCashFlow: 46782000000 DKK (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828021001358/nvo-20201231.htm#4026386 Filing: 000162828021001358
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
-34.8%

Prior period

DKK 8.93 billion

2019-01-01 – 2019-12-31
Current period

DKK 5.83 billion

2020-01-01 – 2020-12-31

Exact inputs and evidence

5825000000 − 8932000000 = -3107000000 DKK

8932000000 DKK · 2019-01-01 – 2019-12-31
Inspect prior input Prior source
5825000000 DKK · 2020-01-01 – 2020-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Capital expenditure · NOVO NORDISK A S · 2020-12-31 NOVO NORDISK A S (edgar:353278) Year-over-year change in Capital expenditure: -3107000000 DKK Concept: fundies:CapitalExpenditure Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T11:42:25Z Snapshot: 6fdf8f8346ce1d47f5075c955ca34bac565b3499cec5afa92b4e0c8a5d659ac7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/353278?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:CapitalExpenditure: 5825000000 DKK (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828021001358/nvo-20201231.htm#1760639 Filing: 000162828021001358 Input fundies:CapitalExpenditure: 8932000000 DKK (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828021001358/nvo-20201231.htm#1761506 Filing: 000162828021001358
The citation records this snapshot. The page link may show a newer release later.

Comparable inputs unavailable for: Net income.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2020 2020-01-01 – 2020-12-31

Revenue DKK 126.95 billion 100% of revenue
Operating costs Derived DKK 72.82 billion 57% of revenue
Operating income DKK 54.13 billion 43% of revenue
Tax, interest and other Derived Unavailable An input is unavailable.
Net income Unavailable An input is unavailable.

Cash

Operating cash flow DKK 51.95 billion 41% of revenue
Capital expenditure DKK 5.83 billion 4.6% of revenue
Free cash flow Derived DKK 46.13 billion 36% of revenue

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2015 Not shown: operating income or net income is not reported.
2016 Not shown: operating income or net income is not reported.
2017 Not shown: operating income or net income is not reported.
2018 Not shown: operating income or net income is not reported.
2019 Not shown: operating income or net income is not reported.
2020 Not shown: operating income or net income is not reported.

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2015 2015-01-01 – 2015-12-31	107927000000	58483000000 Derived	49444000000	Unavailable	Unavailable	33063000000 Derived	Source 2015-01-01 – 2015-12-31: 107927000000 DKK Inspect Revenue Open source 2015-01-01 – 2015-12-31: 49444000000 DKK Inspect Operating Income Open source 2015-01-01 – 2015-12-31: 38287000000 DKK Inspect Operating Cash Flow Open source 2015-01-01 – 2015-12-31: 5224000000 DKK Inspect Capital Expenditure Open source
2016 2016-01-01 – 2016-12-31	111780000000	63348000000 Derived	48432000000	Unavailable	Unavailable	41246000000 Derived	Source 2016-01-01 – 2016-12-31: 111780000000 DKK Inspect Revenue Open source 2016-01-01 – 2016-12-31: 48432000000 DKK Inspect Operating Income Open source 2016-01-01 – 2016-12-31: 48314000000 DKK Inspect Operating Cash Flow Open source 2016-01-01 – 2016-12-31: 7068000000 DKK Inspect Capital Expenditure Open source
2017 2017-01-01 – 2017-12-31	111696000000	62729000000 Derived	48967000000	Unavailable	Unavailable	33542000000 Derived	Source 2017-01-01 – 2017-12-31: 111696000000 DKK Inspect Revenue Open source 2017-01-01 – 2017-12-31: 48967000000 DKK Inspect Operating Income Open source 2017-01-01 – 2017-12-31: 41168000000 DKK Inspect Operating Cash Flow Open source 2017-01-01 – 2017-12-31: 7626000000 DKK Inspect Capital Expenditure Open source
2018 2018-01-01 – 2018-12-31	111831000000	64583000000 Derived	47248000000	Unavailable	Unavailable	34980000000 Derived	Source 2018-01-01 – 2018-12-31: 111831000000 DKK Inspect Revenue Open source 2018-01-01 – 2018-12-31: 47248000000 DKK Inspect Operating Income Open source 2018-01-01 – 2018-12-31: 44616000000 DKK Inspect Operating Cash Flow Open source 2018-01-01 – 2018-12-31: 9636000000 DKK Inspect Capital Expenditure Open source
2019 2019-01-01 – 2019-12-31	122021000000	69538000000 Derived	52483000000	Unavailable	Unavailable	37850000000 Derived	Source 2019-01-01 – 2019-12-31: 122021000000 DKK Inspect Revenue Open source 2019-01-01 – 2019-12-31: 52483000000 DKK Inspect Operating Income Open source 2019-01-01 – 2019-12-31: 46782000000 DKK Inspect Operating Cash Flow Open source 2019-01-01 – 2019-12-31: 8932000000 DKK Inspect Capital Expenditure Open source
2020 2020-01-01 – 2020-12-31	126946000000	72820000000 Derived	54126000000	Unavailable	Unavailable	46126000000 Derived	Source 2020-01-01 – 2020-12-31: 126946000000 DKK Inspect Revenue Open source 2020-01-01 – 2020-12-31: 54126000000 DKK Inspect Operating Income Open source 2020-01-01 – 2020-12-31: 51951000000 DKK Inspect Operating Cash Flow Open source 2020-01-01 – 2020-12-31: 5825000000 DKK Inspect Capital Expenditure Open source

Amounts are exact, in DKK.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

DKK 126.9B 2020

Values and sources

Revenue values and source evidence
Period	Series	Value(DKK)	Source evidence
20152015-12-31	Revenue	107927000000	Revenue: 107927000000 Open source
20162016-12-31	Revenue	111780000000	Revenue: 111780000000 Open source
20172017-12-31	Revenue	111696000000	Revenue: 111696000000 Open source
20182018-12-31	Revenue	111831000000	Revenue: 111831000000 Open source
20192019-12-31	Revenue	122021000000	Revenue: 122021000000 Open source
20202020-12-31	Revenue	126946000000	Revenue: 126946000000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

4% 2020

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20152015-12-31	Year over year	No prior comparable period	Revenue: 107927000000 Open source
20162016-12-31	Year over year	3.6%	Revenue: 111780000000 Open source Revenue: 107927000000 Open source
20172017-12-31	Year over year	-0.1%	Revenue: 111696000000 Open source Revenue: 111780000000 Open source
20182018-12-31	Year over year	0.1%	Revenue: 111831000000 Open source Revenue: 111696000000 Open source
20192019-12-31	Year over year	9.1%	Revenue: 122021000000 Open source Revenue: 111831000000 Open source
20202020-12-31	Year over year	4%	Revenue: 126946000000 Open source Revenue: 122021000000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 42.6% 2020

Free cash flow margin 36.3% 2020

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20152015-12-31	Operating margin	45.8%	Operating Income: 49444000000 Open source Revenue: 107927000000 Open source
20162016-12-31	Operating margin	43.3%	Operating Income: 48432000000 Open source Revenue: 111780000000 Open source
20172017-12-31	Operating margin	43.8%	Operating Income: 48967000000 Open source Revenue: 111696000000 Open source
20182018-12-31	Operating margin	42.2%	Operating Income: 47248000000 Open source Revenue: 111831000000 Open source
20192019-12-31	Operating margin	43%	Operating Income: 52483000000 Open source Revenue: 122021000000 Open source
20202020-12-31	Operating margin	42.6%	Operating Income: 54126000000 Open source Revenue: 126946000000 Open source
2015-12-31	Net margin	Not reported	Revenue: 107927000000 Open source
2016-12-31	Net margin	Not reported	Revenue: 111780000000 Open source
2017-12-31	Net margin	Not reported	Revenue: 111696000000 Open source
2018-12-31	Net margin	Not reported	Revenue: 111831000000 Open source
2019-12-31	Net margin	Not reported	Revenue: 122021000000 Open source
2020-12-31	Net margin	Not reported	Revenue: 126946000000 Open source
20152015-12-31	Free cash flow margin	30.6%	Revenue: 107927000000 Open source Operating Cash Flow: 38287000000 Open source Capital Expenditure: 5224000000 Open source
20162016-12-31	Free cash flow margin	36.9%	Revenue: 111780000000 Open source Operating Cash Flow: 48314000000 Open source Capital Expenditure: 7068000000 Open source
20172017-12-31	Free cash flow margin	30%	Revenue: 111696000000 Open source Operating Cash Flow: 41168000000 Open source Capital Expenditure: 7626000000 Open source
20182018-12-31	Free cash flow margin	31.3%	Revenue: 111831000000 Open source Operating Cash Flow: 44616000000 Open source Capital Expenditure: 9636000000 Open source
20192019-12-31	Free cash flow margin	31%	Revenue: 122021000000 Open source Operating Cash Flow: 46782000000 Open source Capital Expenditure: 8932000000 Open source
20202020-12-31	Free cash flow margin	36.3%	Revenue: 126946000000 Open source Operating Cash Flow: 51951000000 Open source Capital Expenditure: 5825000000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

DKK 52B 2020

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(DKK)	Source evidence
20152015-12-31	Operating cash flow	38287000000	Operating Cash Flow: 38287000000 Open source
20162016-12-31	Operating cash flow	48314000000	Operating Cash Flow: 48314000000 Open source
20172017-12-31	Operating cash flow	41168000000	Operating Cash Flow: 41168000000 Open source
20182018-12-31	Operating cash flow	44616000000	Operating Cash Flow: 44616000000 Open source
20192019-12-31	Operating cash flow	46782000000	Operating Cash Flow: 46782000000 Open source
20202020-12-31	Operating cash flow	51951000000	Operating Cash Flow: 51951000000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

DKK 46.1B 2020

Values and sources

Free cash flow values and source evidence
Period	Series	Value(DKK)	Source evidence
20152015-12-31	Free cash flow	33063000000	Operating Cash Flow: 38287000000 Open source Capital Expenditure: 5224000000 Open source
20162016-12-31	Free cash flow	41246000000	Operating Cash Flow: 48314000000 Open source Capital Expenditure: 7068000000 Open source
20172017-12-31	Free cash flow	33542000000	Operating Cash Flow: 41168000000 Open source Capital Expenditure: 7626000000 Open source
20182018-12-31	Free cash flow	34980000000	Operating Cash Flow: 44616000000 Open source Capital Expenditure: 9636000000 Open source
20192019-12-31	Free cash flow	37850000000	Operating Cash Flow: 46782000000 Open source Capital Expenditure: 8932000000 Open source
20202020-12-31	Free cash flow	46126000000	Operating Cash Flow: 51951000000 Open source Capital Expenditure: 5825000000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

56.3% 2020

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
2015-12-31	Liabilities / assets	Not reported	Total Assets: 91799000000 Open source
20162016-12-31	Liabilities / assets	53.6%	Total Liabilities: 52270000000 Open source Total Assets: 97539000000 Open source
20172017-12-31	Liabilities / assets	51.3%	Total Liabilities: 52540000000 Open source Total Assets: 102355000000 Open source
20182018-12-31	Liabilities / assets	53.2%	Total Liabilities: 58930000000 Open source Total Assets: 110769000000 Open source
20192019-12-31	Liabilities / assets	54.2%	Total Liabilities: 68019000000 Open source Total Assets: 125612000000 Open source
20202020-12-31	Liabilities / assets	56.3%	Total Liabilities: 81597000000 Open source Total Assets: 144922000000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

0.94× 2020

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
2015-12-31	Current assets / current liabilities	Not reported	No source recorded
20162016-12-31	Current assets / current liabilities	1.26×	Current Assets: 59766000000 Open source Current Liabilities: 47436000000 Open source
20172017-12-31	Current assets / current liabilities	1.28×	Current Assets: 60080000000 Open source Current Liabilities: 47056000000 Open source
20182018-12-31	Current assets / current liabilities	1.09×	Current Assets: 59067000000 Open source Current Liabilities: 54164000000 Open source
20192019-12-31	Current assets / current liabilities	1.06×	Current Assets: 62456000000 Open source Current Liabilities: 58983000000 Open source
20202020-12-31	Current assets / current liabilities	0.94×	Current Assets: 65809000000 Open source Current Liabilities: 70273000000 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2015 2015-01-01 – 2015-12-31	Unavailable Not reported for this period.	DKK 38.29 billion Exact value Exact value: 38287000000 DKK 2015-01-01 – 2015-12-31: 38287000000 DKK Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · NOVO NORDISK A S · 2015-12-31 NOVO NORDISK A S (edgar:353278) Operating Cash Flow: 38287000000 DKK Concept: fundies:OperatingCashFlow Period: 2015-01-01 to 2015-12-31 Values: Latest reported Published: 2026-11-02T11:42:25Z Snapshot: 6fdf8f8346ce1d47f5075c955ca34bac565b3499cec5afa92b4e0c8a5d659ac7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/353278/explain?concept=fundies%3AOperatingCashFlow&period=2015-12-31&surface=latest&period_type=duration&start=2015-01-01&unit=DKK&dimensions= Input fundies:OperatingCashFlow: 38287000000 DKK (2015-01-01 to 2015-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828018001261/nvo-20171231.xml#1000592 Filing: 000162828018001261 The citation records this snapshot. The page link may show a newer release later.	DKK 5.22 billion Exact value Exact value: 5224000000 DKK 2015-01-01 – 2015-12-31: 5224000000 DKK Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · NOVO NORDISK A S · 2015-12-31 NOVO NORDISK A S (edgar:353278) Capital Expenditure: 5224000000 DKK Concept: fundies:CapitalExpenditure Period: 2015-01-01 to 2015-12-31 Values: Latest reported Published: 2026-11-02T11:42:25Z Snapshot: 6fdf8f8346ce1d47f5075c955ca34bac565b3499cec5afa92b4e0c8a5d659ac7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/353278/explain?concept=fundies%3ACapitalExpenditure&period=2015-12-31&surface=latest&period_type=duration&start=2015-01-01&unit=DKK&dimensions= Input fundies:CapitalExpenditure: 5224000000 DKK (2015-01-01 to 2015-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828018001261/nvo-20171231.xml#1370648 Filing: 000162828018001261 The citation records this snapshot. The page link may show a newer release later.	DKK 33.06 billion Calculation and evidence 38287000000 − 5224000000 DKK Exact free cash flow: 33063000000 DKK 2015-01-01 – 2015-12-31: 38287000000 DKK · Inspect Operating Cash Flow · Source 2015-01-01 – 2015-12-31: 5224000000 DKK · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · NOVO NORDISK A S · 2015-12-31 NOVO NORDISK A S (edgar:353278) Free cash flow: 33063000000 DKK Concept: free-cash-flow Period: 2015-01-01 to 2015-12-31 Values: Latest reported Published: 2026-11-02T11:42:25Z Snapshot: 6fdf8f8346ce1d47f5075c955ca34bac565b3499cec5afa92b4e0c8a5d659ac7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/353278?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 38287000000 DKK (2015-01-01 to 2015-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828018001261/nvo-20171231.xml#1000592 Filing: 000162828018001261 Input fundies:CapitalExpenditure: 5224000000 DKK (2015-01-01 to 2015-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828018001261/nvo-20171231.xml#1370648 Filing: 000162828018001261 The citation records this snapshot. The page link may show a newer release later.
2016 2016-01-01 – 2016-12-31	Unavailable Not reported for this period.	DKK 48.31 billion Exact value Exact value: 48314000000 DKK 2016-01-01 – 2016-12-31: 48314000000 DKK Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · NOVO NORDISK A S · 2016-12-31 NOVO NORDISK A S (edgar:353278) Operating Cash Flow: 48314000000 DKK Concept: fundies:OperatingCashFlow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T11:42:25Z Snapshot: 6fdf8f8346ce1d47f5075c955ca34bac565b3499cec5afa92b4e0c8a5d659ac7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/353278/explain?concept=fundies%3AOperatingCashFlow&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=DKK&dimensions= Input fundies:OperatingCashFlow: 48314000000 DKK (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828019000870/nvo-20181231.xml#1154645 Filing: 000162828019000870 The citation records this snapshot. The page link may show a newer release later.	DKK 7.07 billion Exact value Exact value: 7068000000 DKK 2016-01-01 – 2016-12-31: 7068000000 DKK Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · NOVO NORDISK A S · 2016-12-31 NOVO NORDISK A S (edgar:353278) Capital Expenditure: 7068000000 DKK Concept: fundies:CapitalExpenditure Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T11:42:25Z Snapshot: 6fdf8f8346ce1d47f5075c955ca34bac565b3499cec5afa92b4e0c8a5d659ac7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/353278/explain?concept=fundies%3ACapitalExpenditure&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=DKK&dimensions= Input fundies:CapitalExpenditure: 7068000000 DKK (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828019000870/nvo-20181231.xml#1524205 Filing: 000162828019000870 The citation records this snapshot. The page link may show a newer release later.	DKK 41.25 billion Calculation and evidence 48314000000 − 7068000000 DKK Exact free cash flow: 41246000000 DKK 2016-01-01 – 2016-12-31: 48314000000 DKK · Inspect Operating Cash Flow · Source 2016-01-01 – 2016-12-31: 7068000000 DKK · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · NOVO NORDISK A S · 2016-12-31 NOVO NORDISK A S (edgar:353278) Free cash flow: 41246000000 DKK Concept: free-cash-flow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T11:42:25Z Snapshot: 6fdf8f8346ce1d47f5075c955ca34bac565b3499cec5afa92b4e0c8a5d659ac7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/353278?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 48314000000 DKK (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828019000870/nvo-20181231.xml#1154645 Filing: 000162828019000870 Input fundies:CapitalExpenditure: 7068000000 DKK (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828019000870/nvo-20181231.xml#1524205 Filing: 000162828019000870 The citation records this snapshot. The page link may show a newer release later.
2017 2017-01-01 – 2017-12-31	Unavailable Not reported for this period.	DKK 41.17 billion Exact value Exact value: 41168000000 DKK 2017-01-01 – 2017-12-31: 41168000000 DKK Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · NOVO NORDISK A S · 2017-12-31 NOVO NORDISK A S (edgar:353278) Operating Cash Flow: 41168000000 DKK Concept: fundies:OperatingCashFlow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T11:42:25Z Snapshot: 6fdf8f8346ce1d47f5075c955ca34bac565b3499cec5afa92b4e0c8a5d659ac7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/353278/explain?concept=fundies%3AOperatingCashFlow&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=DKK&dimensions= Input fundies:OperatingCashFlow: 41168000000 DKK (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828020001017/nvo-20191231.xml#1137767 Filing: 000162828020001017 The citation records this snapshot. The page link may show a newer release later.	DKK 7.63 billion Exact value Exact value: 7626000000 DKK 2017-01-01 – 2017-12-31: 7626000000 DKK Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · NOVO NORDISK A S · 2017-12-31 NOVO NORDISK A S (edgar:353278) Capital Expenditure: 7626000000 DKK Concept: fundies:CapitalExpenditure Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T11:42:25Z Snapshot: 6fdf8f8346ce1d47f5075c955ca34bac565b3499cec5afa92b4e0c8a5d659ac7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/353278/explain?concept=fundies%3ACapitalExpenditure&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=DKK&dimensions= Input fundies:CapitalExpenditure: 7626000000 DKK (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828020001017/nvo-20191231.xml#1465606 Filing: 000162828020001017 The citation records this snapshot. The page link may show a newer release later.	DKK 33.54 billion Calculation and evidence 41168000000 − 7626000000 DKK Exact free cash flow: 33542000000 DKK 2017-01-01 – 2017-12-31: 41168000000 DKK · Inspect Operating Cash Flow · Source 2017-01-01 – 2017-12-31: 7626000000 DKK · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · NOVO NORDISK A S · 2017-12-31 NOVO NORDISK A S (edgar:353278) Free cash flow: 33542000000 DKK Concept: free-cash-flow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T11:42:25Z Snapshot: 6fdf8f8346ce1d47f5075c955ca34bac565b3499cec5afa92b4e0c8a5d659ac7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/353278?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 41168000000 DKK (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828020001017/nvo-20191231.xml#1137767 Filing: 000162828020001017 Input fundies:CapitalExpenditure: 7626000000 DKK (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828020001017/nvo-20191231.xml#1465606 Filing: 000162828020001017 The citation records this snapshot. The page link may show a newer release later.
2018 2018-01-01 – 2018-12-31	Unavailable Not reported for this period.	DKK 44.62 billion Exact value Exact value: 44616000000 DKK 2018-01-01 – 2018-12-31: 44616000000 DKK Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · NOVO NORDISK A S · 2018-12-31 NOVO NORDISK A S (edgar:353278) Operating Cash Flow: 44616000000 DKK Concept: fundies:OperatingCashFlow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T11:42:25Z Snapshot: 6fdf8f8346ce1d47f5075c955ca34bac565b3499cec5afa92b4e0c8a5d659ac7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/353278/explain?concept=fundies%3AOperatingCashFlow&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=DKK&dimensions= Input fundies:OperatingCashFlow: 44616000000 DKK (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828021001358/nvo-20201231.htm#4027185 Filing: 000162828021001358 The citation records this snapshot. The page link may show a newer release later.	DKK 9.64 billion Exact value Exact value: 9636000000 DKK 2018-01-01 – 2018-12-31: 9636000000 DKK Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · NOVO NORDISK A S · 2018-12-31 NOVO NORDISK A S (edgar:353278) Capital Expenditure: 9636000000 DKK Concept: fundies:CapitalExpenditure Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T11:42:25Z Snapshot: 6fdf8f8346ce1d47f5075c955ca34bac565b3499cec5afa92b4e0c8a5d659ac7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/353278/explain?concept=fundies%3ACapitalExpenditure&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=DKK&dimensions= Input fundies:CapitalExpenditure: 9636000000 DKK (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828021001358/nvo-20201231.htm#1762305 Filing: 000162828021001358 The citation records this snapshot. The page link may show a newer release later.	DKK 34.98 billion Calculation and evidence 44616000000 − 9636000000 DKK Exact free cash flow: 34980000000 DKK 2018-01-01 – 2018-12-31: 44616000000 DKK · Inspect Operating Cash Flow · Source 2018-01-01 – 2018-12-31: 9636000000 DKK · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · NOVO NORDISK A S · 2018-12-31 NOVO NORDISK A S (edgar:353278) Free cash flow: 34980000000 DKK Concept: free-cash-flow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T11:42:25Z Snapshot: 6fdf8f8346ce1d47f5075c955ca34bac565b3499cec5afa92b4e0c8a5d659ac7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/353278?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 44616000000 DKK (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828021001358/nvo-20201231.htm#4027185 Filing: 000162828021001358 Input fundies:CapitalExpenditure: 9636000000 DKK (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828021001358/nvo-20201231.htm#1762305 Filing: 000162828021001358 The citation records this snapshot. The page link may show a newer release later.
2019 2019-01-01 – 2019-12-31	Unavailable Not reported for this period.	DKK 46.78 billion Exact value Exact value: 46782000000 DKK 2019-01-01 – 2019-12-31: 46782000000 DKK Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · NOVO NORDISK A S · 2019-12-31 NOVO NORDISK A S (edgar:353278) Operating Cash Flow: 46782000000 DKK Concept: fundies:OperatingCashFlow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T11:42:25Z Snapshot: 6fdf8f8346ce1d47f5075c955ca34bac565b3499cec5afa92b4e0c8a5d659ac7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/353278/explain?concept=fundies%3AOperatingCashFlow&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=DKK&dimensions= Input fundies:OperatingCashFlow: 46782000000 DKK (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828021001358/nvo-20201231.htm#4026386 Filing: 000162828021001358 The citation records this snapshot. The page link may show a newer release later.	DKK 8.93 billion Exact value Exact value: 8932000000 DKK 2019-01-01 – 2019-12-31: 8932000000 DKK Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · NOVO NORDISK A S · 2019-12-31 NOVO NORDISK A S (edgar:353278) Capital Expenditure: 8932000000 DKK Concept: fundies:CapitalExpenditure Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T11:42:25Z Snapshot: 6fdf8f8346ce1d47f5075c955ca34bac565b3499cec5afa92b4e0c8a5d659ac7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/353278/explain?concept=fundies%3ACapitalExpenditure&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=DKK&dimensions= Input fundies:CapitalExpenditure: 8932000000 DKK (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828021001358/nvo-20201231.htm#1761506 Filing: 000162828021001358 The citation records this snapshot. The page link may show a newer release later.	DKK 37.85 billion Calculation and evidence 46782000000 − 8932000000 DKK Exact free cash flow: 37850000000 DKK 2019-01-01 – 2019-12-31: 46782000000 DKK · Inspect Operating Cash Flow · Source 2019-01-01 – 2019-12-31: 8932000000 DKK · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · NOVO NORDISK A S · 2019-12-31 NOVO NORDISK A S (edgar:353278) Free cash flow: 37850000000 DKK Concept: free-cash-flow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T11:42:25Z Snapshot: 6fdf8f8346ce1d47f5075c955ca34bac565b3499cec5afa92b4e0c8a5d659ac7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/353278?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 46782000000 DKK (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828021001358/nvo-20201231.htm#4026386 Filing: 000162828021001358 Input fundies:CapitalExpenditure: 8932000000 DKK (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828021001358/nvo-20201231.htm#1761506 Filing: 000162828021001358 The citation records this snapshot. The page link may show a newer release later.
2020 2020-01-01 – 2020-12-31	Unavailable Not reported for this period.	DKK 51.95 billion Exact value Exact value: 51951000000 DKK 2020-01-01 – 2020-12-31: 51951000000 DKK Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · NOVO NORDISK A S · 2020-12-31 NOVO NORDISK A S (edgar:353278) Operating Cash Flow: 51951000000 DKK Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T11:42:25Z Snapshot: 6fdf8f8346ce1d47f5075c955ca34bac565b3499cec5afa92b4e0c8a5d659ac7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/353278/explain?concept=fundies%3AOperatingCashFlow&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=DKK&dimensions= Input fundies:OperatingCashFlow: 51951000000 DKK (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828021001358/nvo-20201231.htm#4025490 Filing: 000162828021001358 The citation records this snapshot. The page link may show a newer release later.	DKK 5.83 billion Exact value Exact value: 5825000000 DKK 2020-01-01 – 2020-12-31: 5825000000 DKK Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · NOVO NORDISK A S · 2020-12-31 NOVO NORDISK A S (edgar:353278) Capital Expenditure: 5825000000 DKK Concept: fundies:CapitalExpenditure Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T11:42:25Z Snapshot: 6fdf8f8346ce1d47f5075c955ca34bac565b3499cec5afa92b4e0c8a5d659ac7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/353278/explain?concept=fundies%3ACapitalExpenditure&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=DKK&dimensions= Input fundies:CapitalExpenditure: 5825000000 DKK (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828021001358/nvo-20201231.htm#1760639 Filing: 000162828021001358 The citation records this snapshot. The page link may show a newer release later.	DKK 46.13 billion Calculation and evidence 51951000000 − 5825000000 DKK Exact free cash flow: 46126000000 DKK 2020-01-01 – 2020-12-31: 51951000000 DKK · Inspect Operating Cash Flow · Source 2020-01-01 – 2020-12-31: 5825000000 DKK · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · NOVO NORDISK A S · 2020-12-31 NOVO NORDISK A S (edgar:353278) Free cash flow: 46126000000 DKK Concept: free-cash-flow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T11:42:25Z Snapshot: 6fdf8f8346ce1d47f5075c955ca34bac565b3499cec5afa92b4e0c8a5d659ac7 Dimensions: Consolidated View: https://fundies.io/companies/edgar/353278?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 51951000000 DKK (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828021001358/nvo-20201231.htm#4025490 Filing: 000162828021001358 Input fundies:CapitalExpenditure: 5825000000 DKK (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/353278/000162828021001358/nvo-20201231.htm#1760639 Filing: 000162828021001358 The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

1,499 filings · 435 latest values · 435 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0000353278, 353278, NONOF, NVO, edgar:353278

Also known as NOVO NORDISK A S, NOVO NORDISK A/S

NOVO NORDISK A S

Latest fiscal year

Revenue

Operating margin

Operating cash flow

Free cash flow

Company performance

What changed year over year

Revenue

Operating cash flow

Capital expenditure

Where revenue goes

2020 2020-01-01 – 2020-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation