DNLI
Denali Therapeutics Inc.
There isn't enough reported data to score DNLI yet.
NVO
Novo Nordisk A/S
NVO's fundamentals are mixed: it turned 15% of its revenue into free cash flow, but its operating margin fell 3 points to 43%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
DNLI Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Under pressure | |
| Unavailable | |
| Strong |
DNLI's balance sheet is currently strong, but its profitability is under pressure. There isn't enough data to rate its revenue and cash flow.
NVO Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Stable | |
| Healthy |
NVO's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
DNLI PE Valuation
DNLI has no meaningful PE right now: it lost money over the past year.
NVO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 10x | $40.65 | — |
| Cheap | 14x | $53.56 | +32% |
| Fair | 27x | $103 | +154% |
| Expensive | 39x | $152 | +273% |
Historical ranges are pointers, not guarantees.
NVO's PE is 10x, but its earnings don't support one, so it isn't a reliable read right now.
DNLI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses steady | |
| Strong growth | |
| -- | |
| Limited | |
| Low |
Analysts expect DNLI's revenue to grow, with its earnings and profitability holding steady. However, they disagree widely on these estimates.
NVO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Stable | |
| Growth | |
| Weakening | |
| Limited | |
| Low |
Analysts expect NVO's revenue to grow, but its profitability to weaken. However, they disagree widely on these estimates.
DNLI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.73 | +$1.18 |
| Q2 2026 | -$2.84 | -$0.04 |
| Q1 2026 | -$2.88 | -$0.21 |
| Q4 2025 | -$2.97 | -$0.40 |
| Q3 2025 | -$2.91 | -$0.17 |
| Q2 2025 | -$2.80 | +$0.03 |
| Q1 2025 | -$2.67 | -$1.73 |
| Q4 2024 | -$2.57 | -$1.51 |
DNLI lost $1.73 per share over the past year, a smaller loss than the year before.
NVO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $3.89 | +4.9% |
| Q1 2026 | $4.07 | +17% |
| Q4 2025 | $3.42 | +1.8% |
| Q3 2025 | $3.47 | +10% |
| Q2 2025 | $3.71 | +24% |
| Q1 2025 | $3.49 | +18% |
| Q4 2024 | $3.36 | +21% |
| Q3 2024 | $3.15 | +27% |
NVO has the edge over DNLI on earnings quality, reporting a profit while its opponent remains loss making.
DNLI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2023 | $1.3M | -64% |
| Q2 2023 | $294.1M | +460% |
| Q1 2023 | $35.1M | -17% |
| Q4 2022 | $10.3M | -18% |
| Q3 2022 | $3.6M | -33% |
| Q2 2022 | $52.5M | +129% |
| Q1 2022 | $42.1M | +432% |
| Q4 2021 | $12.5M | -96% |
DNLI's revenue is growing: $18M last quarter.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -713% | N/A |
| Q2 2026 | -3622% | N/A |
| Q3 2023 | -8981% | -5961 points |
| Q2 2023 | 58% | +175 points |
| Q1 2023 | -344% | -186 points |
| Q4 2022 | -1024% | -408 points |
| Q3 2022 | -3020% | -1401 points |
| Q2 2022 | -117% | +153 points |
DNLI's operating margin was −713% last quarter, down 369 points from the same quarter a year ago.
NVO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $11.7B | +2.1% |
| Q1 2026 | $14.4B | +24% |
| Q4 2025 | $11.8B | -7.6% |
| Q3 2025 | $11.1B | +5.1% |
| Q2 2025 | $11.4B | +13% |
| Q1 2025 | $11.6B | +19% |
| Q4 2024 | $12.7B | +30% |
| Q3 2024 | $10.6B | +21% |
NVO's revenue is growing: $11.7B last quarter, up 2.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 34% | -9 points |
| Q1 2026 | 62% | +12 points |
| Q4 2025 | 40% | -2.8 points |
| Q3 2025 | 32% | -16 points |
| Q2 2025 | 44% | +5.4 points |
| Q1 2025 | 50% | +1 points |
| Q4 2024 | 43% | +2.2 points |
| Q3 2024 | 47% | +1.6 points |
NVO has the edge over DNLI on profitability, with a higher operating margin.
DNLI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$118.5M | -$12.5M |
| Q2 2026 | -$97.8M | -$18.2M |
| Q1 2026 | -$133.7M | +$2.9M |
| Q4 2025 | -$100.1M | -$11.3M |
| Q3 2025 | -$105.9M | -$42.9M |
| Q2 2025 | -$79.6M | +$16.4M |
| Q1 2025 | -$136.5M | -$20.8M |
| Q4 2024 | -$88.8M | +$12.1M |
DNLI has burned cash in almost every quarter: −$450M over the past year, against −$411M the year before.
NVO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $6.3B | +73% |
| Q1 2026 | $1.8B | +20% |
| Q4 2025 | -$5.4B | -$4.7B |
| Q3 2025 | $4.6B | -2.1% |
| Q2 2025 | $3.6B | -34% |
| Q1 2025 | $1.5B | +89% |
| Q4 2024 | -$632.6M | +$390.5M |
| Q3 2024 | $4.7B | +3.3% |
NVO has the edge over DNLI on cash generation, producing positive trailing cash flow while its opponent burns cash.
DNLI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.5% | +4.8M shares |
| 1 year | +11% | +19.7M shares |
| 3 years | +40% | +54.4M shares |
| 5 years | +58% | +70.3M shares |
| Available history | +100% | +96M shares |
DNLI has 192M diluted shares, up 11% from a year ago.
NVO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -12.9M shares |
| 1 year | -0.2% | -11M shares |
| 3 years | -1.5% | -66.8M shares |
| 5 years | -3.8% | -177M shares |
| Available history | -6.5% | -311M shares |
NVO has the edge over DNLI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $520M |
| Q1 2026 | $356.7M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $206.3M |
| Q4 2024 | $1.1B |
| Q3 2024 | $357.4M |
NVO spent $877M buying back its own shares over the past year, down 48% from the year before.
DNLI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2021 | -11.6x | Net Cash |
| Q2 2021 | -8.2x | Net Cash |
| Q1 2021 | -7.3x | Net Cash |
| Q4 2020 | -7.1x | Net Cash |
DNLI has more cash than debt.
NVO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.5x | Very low |
| Q1 2026 | 0.7x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.4x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.6x | Very low |
| Q3 2024 | -0.0x | Very low |
NVO's net debt is less than a year of its operating earnings (EBITDA).
DNLI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.5 | Neutral |
| Stochastic | 23.4 | Neutral |
DNLI's weekly RSI is 44 (neutral) and its Stochastic is 23 (neutral).
NVO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 27.0 | Neutral |
NVO's weekly RSI is 43 (neutral) and its Stochastic is 27 (neutral).
DNLI PE vs Healthcare Sector
| Metric | DNLI | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 26x | — |
DNLI has no meaningful PE right now: it lost money over the past year.
NVO PE vs Healthcare Sector
| Metric | NVO | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 26x | 60% below |
| PE % | 6 | 29 | 23 pts below |
NVO is trading at 10x earnings, a 60% discount to the Healthcare sector's median of 26x, though its earnings don't support one.
DNLI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $19.2 | 1.7% below |
| 20 week MA | $21.8 | 13% below |
| 50 week MA | $20.6 | 8.1% below |
| 100 week MA | $18.4 | 2.9% above |
| 200 week MA | $21.0 | 9.8% below |
DNLI's trend is mixed: it's above one of its five weekly moving averages, and 9.8% below its 200-week average.
NVO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $39.2 | 3.7% above |
| 20 week MA | $43.9 | 7.4% below |
| 50 week MA | $45.3 | 10% below |
| 100 week MA | $56.3 | 28% below |
| 200 week MA | $80.7 | 50% below |
NVO has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 50% below its 200-week average.
DNLI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $18.3 | $85.9 | +370% |
| 2021 | $85.9 | $47.5 | -45% |
| 2022 | $47.5 | $27.9 | -41% |
| 2023 | $27.9 | $21.5 | -23% |
| 2024 | $21.5 | $20.6 | -4% |
| 2025 | $20.6 | $16.9 | -18% |
| 2026 YTD | $16.9 | $18.9 | +12% |
DNLI has the edge over NVO on returns for 2026, with the stronger performance.
NVO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $29.1 | $34.7 | +19% |
| 2021 | $34.7 | $54.2 | +56% |
| 2022 | $54.2 | $67.0 | +24% |
| 2023 | $67.0 | $103.5 | +54% |
| 2024 | $103.5 | $87.4 | -16% |
| 2025 | $87.4 | $52.4 | -40% |
| 2026 YTD | $52.4 | $40.7 | -22% |
NVO has finished higher in four of the last six years, two of them by more than 50%. It's down 22% so far in 2026.