Who are Novartis' biggest customers?

Largest customer accounts for 18% of Novartis' revenue (FY2025 20-F). Other disclosed customers: Second largest customer 13%.

NVSNovartis AG

Healthcare

$151.11+19% 1Y

$151.11

$118.2052 weeks$163.64

Is the business good?

Good

Margins widening. That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.

1 good, 3 without data

Margin direction, 3 years+13.6 ptsderived

Operating margin has widened over the past few years, the business is getting more profitable per dollar of sales.

Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.

Customers and suppliers

Who buys from NVS and who it buys from, as the companies report it.

18%of revenue comes from largest customer, the largest of 2 disclosed customers

Customerswho buys

Largest customer
18%
Share of revenue · FY2025 20-F
Second largest customer
13%
Share of revenue · FY2025 20-F

Supplierswho it buys from

None disclosed.

A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; NVS’s own figures are from its FY2025 20-F. Smaller customers and suppliers go unreported.

Drug Manufacturers, General

Ranks #2 of 7 by RyuScore