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.
PRQR
ProQR Therapeutics N.V.
There isn't enough reported data to score PRQR yet.
NVO Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Stable | |
| Healthy |
NVO's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
PRQR Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Under pressure | |
| Unavailable | |
| Unavailable |
PRQR's profitability is currently under pressure. There isn't enough data to rate its revenue, cash flow and balance sheet.
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.
PRQR PE Valuation
PRQR has no meaningful PE right now: it lost money over the past year.
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.
PRQR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong decline | |
| -- | |
| Limited | |
| Low |
Analysts expect PRQR's losses to grow, with revenue declining. However, they disagree widely on these estimates.
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 stronger earnings trend. Trailing diluted EPS is up 4.9% for NVO versus PRQR down 211%.
PRQR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.41 | +$0.06 |
| Q4 2025 | -$0.44 | -$0.08 |
| Q4 2024 | -$0.36 | +$0.03 |
| Q4 2023 | -$0.39 | +$0.62 |
| Q3 2023 | -$0.49 | +$0.63 |
| Q2 2023 | -$0.79 | +$0.20 |
| Q4 2022 | -$1.01 | +$0.06 |
| Q3 2022 | -$1.12 | -$0.05 |
PRQR is still losing money, but far less than before: $0.41 per share over the past year, against $1.51 at its worst in late 2019.
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% |
PRQR has the stronger quarterly revenue trend. Revenue is up 2.1% for NVO versus up 253% for PRQR.
| 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 PRQR on profitability, with a higher operating margin.
PRQR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $17.7M | +453% |
| Q4 2025 | $5.2M | +8.8% |
| Q3 2025 | $3.2M | -25% |
| Q2 2025 | $4.2M | -39% |
| Q1 2025 | $5M | +1.6% |
| Q4 2024 | $4.8M | -34% |
| Q3 2024 | $4.3M | +181% |
| Q2 2024 | $7M | +423% |
PRQR's revenue is growing: $18M last quarter, up 253% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -223% | +16 points |
| Q4 2025 | -194% | +40 points |
| Q3 2025 | -392% | -165 points |
| Q2 2025 | -321% | -264 points |
| Q1 2025 | -239% | -58 points |
| Q4 2024 | -234% | +255 points |
| Q3 2024 | -227% | +313 points |
| Q2 2024 | -57% | +674 points |
PRQR's operating margin was −223% last quarter, up 16 points from the same quarter a year ago.
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 stronger cash trend. Its trailing FCF is down 14% versus its history, compared with PRQR at down 130%.
PRQR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$42M | -$28.2M |
| Q4 2025 | -$15.4M | -$4.9M |
| Q3 2025 | -$13.8M | -$7.2M |
| Q2 2025 | -$12.8M | -$5.5M |
| Q1 2025 | -$17.8M | -$175.5K |
| Q4 2024 | -$10.5M | -147% |
| Q3 2024 | -$6.6M | +$2.1M |
| Q2 2024 | -$7.2M | +$4.6M |
PRQR has burned cash in almost every quarter: −$84M over the past year, against −$42M the year before.
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 PRQR 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.
PRQR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +13.6M shares |
| 1 year | +13% | +13.7M shares |
| 3 years | +47% | +38.1M shares |
| 5 years | +137% | +68.8M shares |
| Available history | +206% | +80.1M shares |
PRQR has 119M diluted shares, up 13% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
| Q4 2019 | — |
| Q3 2019 | — |
| Q2 2019 | — |
| Q1 2019 | — |
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).
PRQR Net Leverage
PRQR's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
PRQR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.1 | Neutral |
| Stochastic | 13.2 | Oversold |
PRQR's weekly RSI is 40 (neutral) and its Stochastic is 13 (oversold).
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.
PRQR PE vs Healthcare Sector
PRQR has no meaningful PE right now: it lost money over the past year.
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 the edge over PRQR on trend strength, trading above more of its moving averages.
PRQR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.45 | 6.2% below |
| 20 week MA | $1.72 | 21% below |
| 50 week MA | $1.72 | 21% below |
| 100 week MA | $1.91 | 29% below |
| 200 week MA | $2.02 | 33% below |
PRQR is in a downtrend: it's below all five of its weekly moving averages, and 33% below its 200-week average.
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 PRQR on returns for 2026, with the stronger performance.
PRQR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.41 | $4.63 | -51% |
| 2021 | $4.63 | $8.20 | +77% |
| 2022 | $8.20 | $2.71 | -67% |
| 2023 | $2.71 | $1.98 | -27% |
| 2024 | $1.98 | $2.79 | +41% |
| 2025 | $2.79 | $2.17 | -22% |
| 2026 YTD | $2.17 | $1.36 | -37% |
PRQR has finished lower in four of the last six years. It's down 37% so far in 2026.