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.
TXMD
TherapeuticsMD, Inc.
There isn't enough reported data to score TXMD 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.
TXMD Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Weak | |
| Strong | |
| Strong |
TXMD's cash flow and balance sheet are currently strong, but its profitability is weak. There isn't enough data to rate its revenue.
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.
TXMD PE Valuation
TXMD 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.
TXMD Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses steady | |
| Strong growth | |
| -- | |
| Limited | |
| High |
Analysts expect TXMD's revenue to grow, with its earnings and profitability holding steady.
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 TXMD on earnings quality, reporting a profit while its opponent remains loss making.
TXMD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.02 | +$0.03 |
| Q1 2026 | $0.02 | +$0.21 |
| Q4 2025 | -$0.05 | +$0.14 |
| Q3 2025 | $0.01 | +$0.26 |
| Q2 2025 | -$0.05 | +$0.47 |
| Q1 2025 | -$0.19 | +$0.48 |
| Q4 2024 | -$0.19 | +$0.79 |
| Q3 2024 | -$0.25 | -103% |
TXMD lost $0.02 per share over the past year, a smaller loss than the year before.
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 TXMD 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 TXMD on profitability, with a higher operating margin.
TXMD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $869K | -8.7% |
| Q1 2026 | $724K | +84% |
| Q4 2023 | $502K | -56% |
| Q2 2023 | $437K | -98% |
| Q1 2023 | $416K | -98% |
| Q4 2022 | $1.2M | -94% |
| Q3 2022 | $20.9M | -18% |
| Q2 2022 | $28.6M | +24% |
TXMD's revenue is growing: $869,000 last quarter, down 8.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -94% | -21 points |
| Q1 2026 | -100% | +122 points |
| Q4 2025 | -174% | N/A |
| Q3 2025 | -110% | N/A |
| Q2 2025 | -73% | N/A |
| Q1 2025 | -222% | N/A |
| Q4 2023 | -321% | -6138 points |
| Q2 2023 | -566% | -500 points |
TXMD's operating margin was −94% last quarter, down 21 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 still generates free cash flow, though less than at its 2026 peak: $7.3B over the past year.
TXMD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $779K | +104% |
| Q1 2026 | $944K | +35% |
| Q4 2025 | $375K | +2106% |
| Q3 2025 | $999K | +$1.1M |
| Q2 2025 | $381K | -74% |
| Q1 2025 | $699K | +$928K |
| Q4 2024 | $17K | +$5M |
| Q3 2024 | -$71K | +$2.4M |
TXMD has the edge over NVO on cash flow, with more consistent year-over-year improvement.
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 TXMD 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.
TXMD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +74K shares |
| 1 year | +0.8% | +91K shares |
| 3 years | +24% | +2.3M shares |
| 5 years | +114% | +6.2M shares |
| Available history | +141% | +6.8M shares |
TXMD has 12M diluted shares, up 0.8% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2023 | — |
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).
TXMD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2023 | -0.0x | Net Cash |
| Q2 2023 | -0.3x | Net Cash |
| Q1 2023 | -0.7x | Net Cash |
| Q4 2022 | -16.0x | Net Cash |
TXMD has more cash than debt.
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).
TXMD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.0 | Neutral |
| Stochastic | 18.2 | Oversold |
TXMD's weekly RSI is 41 (neutral) and its Stochastic is 18 (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.
TXMD PE vs Healthcare Sector
| Metric | TXMD | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 26x | — |
TXMD 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.
TXMD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.90 | 4.2% below |
| 20 week MA | $2.02 | 9.9% below |
| 50 week MA | $2.06 | 12% below |
| 100 week MA | $1.62 | 12% above |
| 200 week MA | $2.20 | 17% below |
TXMD's trend is mixed: it's above one of its five weekly moving averages, and 17% 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 finished higher in four of the last six years, two of them by more than 50%. It's down 22% so far in 2026.
TXMD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $120.5 | $59.5 | -51% |
| 2021 | $59.5 | $20.5 | -66% |
| 2022 | $20.5 | $5.62 | -73% |
| 2023 | $5.62 | $2.25 | -60% |
| 2024 | $2.25 | $1.09 | -52% |
| 2025 | $1.09 | $1.74 | +60% |
| 2026 YTD | $1.74 | $1.82 | +4.6% |
TXMD has the edge over NVO on returns for 2026, with the stronger performance.