INO
Inovio Pharmaceuticals, Inc.
There isn't enough reported data to score INO 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.
INO Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| Under pressure | |
| Unavailable |
INO's revenue is currently strong, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
NVO Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Stable | |
| Healthy |
NVO's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
INO PE Valuation
INO 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.
INO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| -- | |
| Limited | |
| Low |
Analysts expect INO's losses to shrink, with revenue growing. 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.
INO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.67 | +$1.88 |
| Q2 2026 | -$1.04 | +$1.53 |
| Q1 2026 | -$1.58 | +$1.57 |
| Q4 2025 | -$1.81 | +$2.14 |
| Q3 2025 | -$2.55 | +$1.89 |
| Q2 2025 | -$2.57 | +$2.54 |
| Q1 2025 | -$3.15 | +$2.33 |
| Q4 2024 | -$3.95 | +$2.14 |
INO is still losing money, but far less than before: $0.67 per share over the past year, against $20.64 at its worst in mid-2020.
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 INO on earnings quality, reporting a profit while its opponent remains loss making.
INO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2024 | $117K | +14% |
| Q2 2024 | $100.8K | -55% |
| Q4 2023 | $102.7K | -18% |
| Q3 2023 | $388.4K | -96% |
| Q2 2023 | $226K | -71% |
| Q1 2023 | $114.9K | -42% |
| Q4 2022 | $124.7K | -85% |
| Q3 2022 | $9.2M | +3038% |
INO's revenue is growing: $298,901 last quarter.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -6532% | N/A |
| Q1 2025 | -38337% | N/A |
| Q4 2024 | -17411% | +9276 points |
| Q2 2024 | -32946% | -16554 points |
| Q4 2023 | -26686% | +18191 points |
| Q3 2023 | -9153% | -8762 points |
| Q2 2023 | -16392% | -3116 points |
| Q1 2023 | -38238% | -2205 points |
INO's operating margin was −6532% last quarter, up 20154 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 has the edge over INO on sales, with more consistent year-over-year improvement.
| 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 INO on profitability, with a higher operating margin.
INO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$15.3M | +$6.4M |
| Q2 2026 | -$18M | +$2.8M |
| Q1 2026 | -$21.6M | +$5.3M |
| Q4 2025 | -$19.5M | +$165.9K |
| Q3 2025 | -$21.6M | +$5.8M |
| Q2 2025 | -$20.8M | +$7.8M |
| Q1 2025 | -$26.9M | +$1.9M |
| Q4 2024 | -$19.7M | +$6.6M |
INO has burned cash in almost every quarter: −$74M over the past year, against −$89M 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 INO on cash generation, producing positive trailing cash flow while its opponent burns cash.
INO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +21% | +17M shares |
| 1 year | +154% | +59.8M shares |
| 3 years | +358% | +77.1M shares |
| 5 years | +485% | +81.8M shares |
INO has 99M diluted shares, up 154% 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 INO 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.
INO Net Leverage
INO's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
INO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.5 | Neutral |
| Stochastic | 32.9 | Neutral |
INO's weekly RSI is 57 (neutral) and its Stochastic is 33 (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).
INO PE vs Healthcare Sector
INO 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.
INO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.08 | 35% above |
| 20 week MA | $1.10 | 33% above |
| 50 week MA | $1.35 | 8.1% above |
| 100 week MA | $1.67 | 13% below |
| 200 week MA | $4.98 | 71% below |
INO has the edge over NVO on trend strength, trading above more of its moving averages.
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.
INO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $40.1 | $123.1 | +207% |
| 2021 | $123.1 | $73.0 | -41% |
| 2022 | $73.0 | $18.4 | -75% |
| 2023 | $18.4 | $6.12 | -67% |
| 2024 | $6.12 | $1.87 | -69% |
| 2025 | $1.87 | $2.29 | +22% |
| 2026 YTD | $2.29 | $1.46 | -36% |
INO's yearly returns have swung widely, from +207% in 2020 to −75% in 2022. It's down 36% so far in 2026.
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 the edge over INO on returns for 2026, with the stronger performance.