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.
WHWK
Whitehawk Therapeutics Inc
There isn't enough reported data to score WHWK 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.
WHWK Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Weak | |
| Unavailable | |
| Unavailable |
WHWK's revenue and profitability are currently weak. There isn't enough data to rate its 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.
WHWK PE Valuation
WHWK 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.
WHWK Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| -- | |
| -- | |
| Limited | |
| Low |
Analysts expect WHWK's losses to shrink, with revenue holding steady. 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 edge over WHWK on earnings quality, reporting a profit while its opponent remains loss making.
WHWK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.89 | -1554% |
| Q2 2026 | -$1.92 | -$1.85 |
| Q1 2026 | -$2.48 | -1753% |
| Q4 2025 | -$0.33 | +$2.03 |
| Q3 2025 | $0.13 | +$2.41 |
| Q2 2025 | -$0.07 | +$2.35 |
| Q1 2025 | $0.15 | +$2.70 |
| Q4 2024 | -$2.36 | +$0.08 |
WHWK has swung to a loss: it lost $1.89 per share over the past year, after a profit 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 WHWK 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's operating margin was 34% last quarter, down 9 points from the same quarter a year ago, near the bottom of its range since 2019.
WHWK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2025 | $7.1M | +33% |
| Q4 2024 | $7.2M | +14% |
| Q3 2024 | $7.2M | +21% |
| Q2 2024 | $6.2M | -0.4% |
| Q1 2024 | $5.4M | -8.8% |
| Q4 2023 | $6.3M | +21% |
| Q3 2023 | $6M | +40% |
| Q2 2023 | $6.2M | +80% |
WHWK's revenue has slid since its 2020 peak: $0 last quarter.
| Quarter | Margin | YoY |
|---|---|---|
| Q1 2025 | -213% | +152 points |
| Q4 2024 | -262% | +18 points |
| Q3 2024 | -186% | +114 points |
| Q2 2024 | -252% | +63 points |
| Q1 2024 | -365% | -78 points |
| Q4 2023 | -280% | +16 points |
| Q3 2023 | -300% | +55 points |
| Q2 2023 | -315% | +219 points |
WHWK's operating margin was −213% last quarter, up 152 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 edge over WHWK on cash generation, producing positive trailing cash flow while its opponent burns cash.
WHWK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$19.7M | -$4.3M |
| Q2 2026 | -$14.5M | +$38.4M |
| Q1 2026 | -$22.2M | -$9.8M |
| Q4 2025 | -$17.2M | -$2M |
| Q3 2025 | -$15.4M | +$497K |
| Q2 2025 | -$53M | -$43.3M |
| Q1 2025 | -$12.4M | +$8M |
| Q4 2024 | -$15.2M | -$4.8M |
WHWK has burned cash in almost every quarter: −$74M over the past year, against −$96M 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 WHWK 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.
WHWK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +11M shares |
| 1 year | +36% | +24.8M shares |
| 3 years | +249% | +67M shares |
| 5 years | +3203% | +91M shares |
| Available history | +3369% | +91.2M shares |
WHWK has 94M diluted shares, up 36% from a year ago.
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).
WHWK Net Leverage
WHWK'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).
WHWK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.5 | Neutral |
| Stochastic | 13.2 | Oversold |
WHWK'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.
WHWK PE vs Healthcare Sector
| Metric | WHWK | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 26x | — |
WHWK 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.
WHWK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.31 | 7.3% below |
| 20 week MA | $3.88 | 21% below |
| 50 week MA | $3.63 | 15% below |
| 100 week MA | $2.89 | 6.2% above |
| 200 week MA | $3.60 | 15% below |
WHWK's trend is mixed: it's above one of its five weekly moving averages, and 15% 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.
WHWK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $26.0 | $25.9 | -0.6% |
| 2022 | $25.9 | $12.5 | -52% |
| 2023 | $12.5 | $2.02 | -84% |
| 2024 | $2.02 | $3.21 | +59% |
| 2025 | $3.21 | $2.67 | -17% |
| 2026 YTD | $2.67 | $3.07 | +15% |
WHWK has the edge over NVO on returns for 2026, with the stronger performance.