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Novavax, Inc. NVAX R2KR3KPHARMA

Healthcare · Biotechnology · United States
https://www.novavax.com
Company Profile ↓
$10.22
+15.48% 1Y
Mkt Cap$1.69B
P/E-18.25
P/B-9.03
52W High$11.19
52W Low$6.22
Book Value$-0.88
EPS (TTM)$-0.56

Company Overview

Novavax, Inc., a biotechnology company, engages in the discovery, development, and commercialization of vaccines to prevent serious infectious diseases in the United States, Europe, and internationally. The company commercializes Nuvaxovid, a COVID-19 vaccine; and R21 Matrix-M adjuvant malaria vaccine. It has license and collaboration agreements with Sanofi, Pfizer Inc., Takeda Pharmaceutical Company Limited, and Serum Life Sciences Limited for the to develop, manufacture, and commercialize the COVID-19 vaccine. The company was incorporated in 1987 and is headquartered in Gaithersburg, Maryland.

Why Investors Should Care

Healthy Capital Returns

Return on capital employed stands at 76.8%.

Steady Revenue Expansion

Revenue has grown at a 78.3% CAGR over the past five years.

Positive Free Cash Flow

Generates positive free cash flow, funding growth and shareholder returns internally.

Recent Developments

  • Dec 2025 Revenue of $1.12B (+64.7% YoY); net profit $440.30M.
  • Trailing 12 Months Year-on-year growth — revenue -76.3%.
  • 5-Year Trend Long-term compounding — revenue CAGR 78.3%.

Growth & Price Performance

Compounded Sales Growth

5 Years:78.28%
1 Year:-76.30%

Stock Price Performance

1 Year:+15.48%
6 Months:+2.40%
3 Months:+7.69%
1 Month:+32.04%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bullish
52-Week Range 80% of range
$6.22 $11.19
Trend Signals
  • Price vs 50-DMAAbove
  • Price vs 200-DMAAbove
  • Golden Cross2d ago
  • RSI (14)70.68 · Overbought
Price Performance
1M+32.04%
3M+7.69%
6M+2.40%
1Y+15.48%

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

Robinhood TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Healthy ROCE of 76.8%.
  • Compounding revenue at 78.3% over 5 years.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
-18.25
Industry PE
25.17
Forward P/E
-18.45
PEG Ratio
1.32
Book Value
$-0.88
Price to Book
-9.03
P/S
3.17
EV/EBITDA
-8.02
Dividend Yield
0.00%

Growth (CAGR)

Revenue 5Y
78.28%
Profit 5Y
-
Revenue (YoY)
-76.30%
Earnings (YoY)
-

Profitability & Returns

ROCE
76.84%
ROE
-
ROA
-7.02%
Profit Margin
-59.87%
Op Margin
-96.84%
Gross Margin
31.22%
EPS (Latest Qtr)
$-0.32
EPS (TTM)
$-0.56

Balance Sheet & Liquidity

Debt/Equity
-
Quick Ratio
2.23
Current Ratio
2.33
Debt
$297.32M
Total Assets
$955.58M
Current Assets
$978.28M
Working Capital
$518.33M

Ownership

Promoter Holding
5.06%
Chg in Prom Hold
-0.02%
FII / Inst Holding
69.01%
Chg in FII Hold
-0.03%

Financial Snapshot

Enterprise Value
$1.69B
Total Revenue (TTM)
$413.80M
EBITDA
$-110.95M
Free Cash Flow
$123.02M
Operating Cash Flow
$-36.90M
Shares Outstanding
164.95M
Gross Margin
31.22%
Payout Ratio
0.00%

Peer comparison

Peer companies in the same sector (Healthcare).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 NVAX Novavax, Inc. R2KR3KPHARMA 10.22 -18.25 $1.69B 0.00% 76.84% - 78.28% -
2 LLY Eli Lilly and Company SPXR3KPHARMA 1,149.36 38.57 $1.02T 0.58% - 102.29% 7.20% 11.41%
3 JNJ Johnson & Johnson SPXR3KPHARMA 275.23 31.97 $663.28B 2.09% 14.88% 25.74% 2.43% 4.76%
4 ABBV AbbVie Inc. SPXR3KPHARMA 256.46 72.45 $453.19B 2.84% 10.47% -129.24% 1.75% -29.06%
5 MRK Merck & Co., Inc. SPXR3KPHARMA 150.33 120.26 $371.29B 2.65% - 34.70% 5.64% 10.01%
6 UNH UnitedHealth Group Incorporated SPXR3KPHARMA 397.14 25.54 $356.47B 2.33% 9.74% 14.15% 10.40% 5.43%
7 NVS Novartis AG PHARMA 159.99 24.20 $304.10B 3.03% 21.09% 30.35% 9.25% 26.22%
8 AZN AstraZeneca PLC NDXPHARMA 162.70 24.36 $252.33B 1.98% 15.97% 21.96% 9.82% 45.96%
9 AMGN Amgen Inc. NDXSPXR3KPHARMA 437.23 27.14 $235.98B 2.49% 13.95% 91.47% 5.51% 5.55%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in USD.

Metric Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue -------------------------------93.86M415.48M84.51M666.65M239.24M70.44M147.14M139.51M56.70M
Cost of Revenue ----------------------------------14.12M15.32M21.50M22.10M30.70M-
Gross Profit ----------------------------------652.54M223.91M48.95M125.03M108.82M-
Operating Expenses ----------------------------------137.03M122.84M129.93M110.00M124.25M-
Operating Income -20.82M-33.20M--75.26M-76.50M-63.31M--40.83M-41.47M-41.63M--43.51M-41.99M-41.90M--40.22M-36.67M-14.99M--22.90M-17.03M-193.94M-208.63M-345.83M-307.14M209.29M-482.96M-127.19M-312.77M55.46M-125.63M-144.83M161.00M-134.02M515.51M101.07M-80.98M15.04M-15.43M-54.91M
EBITDA ----------------------------------533.91M120.53M-190.97M28.85M-543.00K-
Interest Expense ----------------------------------5.72M5.52M5.48M5.82M4.90M-
Pretax Income ----------------------------------519.85M107.45M-203.04M17.90M-8.51M-
Tax Provision ----------------------------------1.20M946.00K-657.00K376.00K985.00K-
Net Income -20.64M-33.12M-78.81M-77.25M-79.35M-66.25M-57.11M-43.85M-44.47M-44.61M-50.84M-46.35M-44.49M-44.57M-49.33M-43.22M-39.60M-18.04M-31.83M-25.86M-17.52M-197.31M-222.72M-352.32M-322.43M203.41M-510.49M-168.61M-293.90M58.01M-130.78M-147.55M162.38M-121.30M518.65M106.51M-202.38M17.53M-9.49M-53.39M
Diluted EPS ---------------------0.30-3.21-3.05-4.75-4.312.56-6.53-2.15-3.410.58-1.26-1.050.99-0.762.930.62-1.250.11-0.06-0.32
R&D Expense 27.73M30.66M-68.95M64.90M52.98M-37.65M39.26M41.86M-44.51M44.54M41.33M-35.47M30.42M18.61M-16.89M34.85M294.09M592.67M570.68M408.19M383.48M289.65M304.30M247.10M219.47M106.23M92.68M106.95M87.16M88.94M79.23M98.27M-95.47M70.69M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue -343.00K14.69M22.08M20.91M30.66M36.25M15.35M31.18M34.29M18.66M475.60M-1.60B556.38M682.16M1.12B
Cost of Revenue -------------902.64M343.77M202.74M73.04M
Gross Profit -------------696.31M212.61M479.42M1.05B
Operating Expenses -------------1.34B779.12M728.35M499.80M
Operating Income -37.38M-38.49M-21.58M-29.66M-52.43M-83.69M-157.24M-269.11M-171.71M-173.92M-120.58M-416.72M--644.74M-566.51M-248.93M550.64M
EBITDA --------------604.71M-487.39M-108.04M492.33M
Interest Expense -------------19.88M14.42M20.07M22.55M
Pretax Income --------------653.65M-543.03M-176.62M442.17M
Tax Provision -------------4.29M2.03M10.88M1.86M
Net Income -40.35M-35.71M-19.36M-28.51M-51.98M-82.95M-156.94M-279.97M-183.77M-184.75M-132.69M-418.26M--657.94M-545.06M-187.50M440.30M
Diluted EPS -----------5.51-7.27--8.42-5.41-1.232.58
R&D Expense 25.78M28.03M18.36M26.91M58.53M94.42M162.64M237.94M168.44M173.80M113.84M747.03M2.53B1.24B737.50M391.17M342.32M

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --74.84M66.58M102.34M235.12M276.00M386.04M394.30M302.49M207.98M172.96M1.58B-2.26B1.80B1.56B1.18B
Current Assets --------------1.70B1.14B1.13B978.28M
Cash & Equivalents 26.94M38.76M8.06M14.10M17.40M119.47M32.34M93.11M144.35M106.31M70.15M78.82M553.40M-1.34B568.50M530.23M240.63M
Inventory --------------36.68M41.70M8.75M11.54M
Receivables --------------82.38M297.24M108.28M106.45M
Total Liabilities --15.79M12.73M22.11M31.89M46.38M93.37M399.85M404.23M375.91M358.97M955.27M-2.89B2.51B2.18B1.30B
Current Liabilities --10.27M7.58M11.68M18.12M34.12M76.49M66.41M73.67M45.54M25.80M579.67M-2.46B1.64B1.15B459.95M
Long Term Debt --------------166.47M168.02M169.68M244.21M
Total Debt --------------549.78M229.08M230.42M248.81M
Total Equity 42.95M69.95M59.05M53.85M80.24M203.23M229.62M292.67M-5.55M-101.73M-167.94M-186.02M627.21M--634.08M-716.93M-623.84M-127.75M
Shares Outstanding --------------86.81M140.51M161.94M164.97M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow -32.83M-32.85M-23.63M-18.23M-126.09M-258.77M-144.48M-184.82M-136.62M-42.54M322.95M-415.94M-713.97M-87.26M-244.63M
Investing Cash Flow 2.35M-21.27M18.54M-32.26M-21.27M28.02M35.97M28.60M38.49M-377.78M100.15M-92.98M-58.81M-204.04M-78.27M
Financing Cash Flow 42.29M23.43M11.13M53.79M208.28M279.85M64.54M102.81M98.38M984.76M461.71M324.99M4.47M260.58M27.74M

Ratios (Annual)

Figures in %.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % -------------43.5%38.2%70.3%93.5%
Operating Margin % --11,222.7%-146.9%-134.4%-250.7%-273.0%-433.8%-1,752.8%-550.8%-507.2%-646.1%-87.6%--40.3%-101.8%-36.5%49.0%
Net Margin % --10,410.5%-131.8%-129.1%-248.5%-270.5%-432.9%-1,823.5%-589.5%-538.8%-711.0%-87.9%--41.1%-98.0%-27.5%39.2%
ROE % -57.7%-60.5%-36.0%-35.5%-25.6%-36.1%-53.6%5,048.1%180.6%110.0%71.3%-66.7%-103.8%76.0%30.1%-344.7%
ROCE % --59.6%-36.6%-32.7%-24.2%-34.6%-50.8%-82.1%-75.0%-107.1%-81.9%-41.6%-320.3%-348.9%-61.3%76.8%

Shareholding Pattern

Insiders
5.06%
Institutions
69.01%
Public Float
72.69%

Top Institutional Holders

#Holder% HeldSharesValue
1 Shah Capital Management 8.59% 14.17M $131.17M
2 Blackrock Inc. 8.46% 13.95M $129.15M
3 State Street Corporation 7.12% 11.74M $108.72M
4 Vanguard Portfolio Management LLC 4.61% 7.61M $70.45M
5 Vanguard Capital Management LLC 4.40% 7.26M $67.20M
6 Sanofi 4.17% 6.88M $63.71M
7 Shaw D.E. & Co., Inc. 3.43% 5.65M $52.33M
8 Geode Capital Management, LLC 2.55% 4.21M $38.96M
9 Two Sigma Investments, LP 2.48% 4.09M $37.88M
10 Coatue Management LLC 2.33% 3.84M $35.53M

Analyst View

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NVAX — Frequently Asked Questions

What is the current share price of Novavax, Inc. (NVAX)?

As of 2026-09-07 16:24 PDT, Novavax, Inc. (NVAX) trades at $10.22 on NasdaqGS. Its 52-week range is $6.22 to $11.19.

What is the market capitalisation of NVAX?

Novavax, Inc. (NVAX) has a market capitalisation of $1.69B on NasdaqGS.

What is the P/E ratio of NVAX?

NVAX trades at a trailing price-to-earnings (P/E) ratio of -18.25. The industry average P/E is 25.17. Its price-to-book (P/B) ratio is -9.03.

Is NVAX a good stock to buy?

This page provides a data-driven analysis of Novavax, Inc. (NVAX), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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