NVO
Novo Nordisk A/S
NVO has lower modeled downside risk, despite its lower overall score.
RCEL
AVITA Medical, Inc.
RCEL has the edge over NVO overall, supported by stronger fundamentals and stronger modeled upside.
NVO Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Stable | |
| Healthy |
NVO's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
RCEL Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RCEL'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 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.
RCEL PE Valuation
RCEL 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.
RCEL Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
RCEL has the edge over NVO on the outlook, with more favorable earnings and profitability expectations.
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 RCEL on earnings quality, reporting a profit while its opponent remains loss making.
RCEL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$0.64 |
| Q2 2026 | -$1.43 | +$0.54 |
| Q1 2026 | -$1.56 | +$0.63 |
| Q4 2025 | -$1.74 | +$0.65 |
| Q3 2025 | -$1.81 | +$0.42 |
| Q2 2025 | -$1.97 | -$0.02 |
| Q1 2025 | -$2.19 | -$0.43 |
| Q4 2024 | -$2.39 | -$0.99 |
RCEL is still losing money, but far less than before: $1.17 per share over the past year, against $2.39 at its worst in late 2024.
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 RCEL on profitability, with a higher operating margin.
RCEL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $26.1M | +53% |
| Q2 2026 | $21.7M | +18% |
| Q1 2026 | $19.3M | +4% |
| Q4 2025 | $17.6M | -4.3% |
| Q3 2025 | $17.1M | -13% |
| Q2 2025 | $18.4M | +21% |
| Q1 2025 | $18.5M | +67% |
| Q4 2024 | $18.4M | +30% |
RCEL's revenue is growing: $26M last quarter, up 53% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -10% | +44 points |
| Q2 2026 | -32% | +29 points |
| Q1 2026 | -46% | +18 points |
| Q4 2025 | -59% | -5 points |
| Q3 2025 | -54% | +17 points |
| Q2 2025 | -61% | +42 points |
| Q1 2025 | -64% | +91 points |
| Q4 2024 | -54% | +32 points |
RCEL's operating margin was −10% last quarter, up 44 points from the same quarter a year ago, near the top of its range since 2019.
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 RCEL on cash generation, producing positive trailing cash flow while its opponent burns cash.
RCEL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$821K | +$5.3M |
| Q2 2026 | -$3.6M | +$7.1M |
| Q1 2026 | -$10.1M | +$439K |
| Q4 2025 | -$4.8M | +$4.9M |
| Q3 2025 | -$6.2M | +$4.8M |
| Q2 2025 | -$10.8M | +$4.7M |
| Q1 2025 | -$10.5M | +$11.5M |
| Q4 2024 | -$9.7M | +$1.5M |
RCEL has burned cash in almost every quarter: −$19M over the past year, against −$37M 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 RCEL 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.
RCEL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +116K shares |
| 1 year | +8.7% | +2.5M shares |
| 3 years | +22% | +5.5M shares |
| 5 years | +24% | +6M shares |
| Available history | +65% | +12.1M shares |
RCEL has 31M diluted shares, up 8.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2020 | — |
| Q4 2019 | — |
| Q3 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).
RCEL Net Leverage
RCEL'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).
RCEL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 79.9 | Overbought |
| Stochastic | 86.4 | Overbought |
RCEL's weekly RSI is 80 (overbought) and its Stochastic is 86 (overbought).
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.
RCEL PE vs Healthcare Sector
RCEL 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 bounced recently, but its long-term trend is still down: it's above its 8-week average, but 50% below its 200-week average.
RCEL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $14.4 | 13% above |
| 20 week MA | $10.3 | 57% above |
| 50 week MA | $6.62 | 145% above |
| 100 week MA | $6.74 | 140% above |
| 200 week MA | $9.73 | 66% above |
RCEL has the edge over NVO on trend strength, trading above more of its moving averages.
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.
RCEL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $44.7 | $19.0 | -58% |
| 2021 | $19.0 | $12.6 | -34% |
| 2022 | $12.6 | $6.76 | -46% |
| 2023 | $6.76 | $13.7 | +103% |
| 2024 | $13.7 | $13.5 | -1.7% |
| 2025 | $13.5 | $3.44 | -74% |
| 2026 YTD | $3.44 | $16.2 | +371% |
RCEL has the edge over NVO on returns for 2026, with the stronger performance.