What is Novavax's asset turnover?

Novavax (NVAX) reported asset turnover of 0.5× in Q1 2026.

How has Novavax's asset turnover changed year-over-year?

Novavax's asset turnover decreased by 46.2% year-over-year, from 0.9× to 0.5×.

What is the long-term trend for Novavax's asset turnover?

Over 5 years (2020 to 2025), Novavax's asset turnover has grown at a 8.7% compound annual growth rate (CAGR), from 0.5× to 0.8×.

What does asset turnover mean?

Trailing-twelve-month revenue divided by average total assets. Measures how many dollars of sales each dollar of assets generates — the efficiency leg of the DuPont decomposition of ROE.

Novavax NVAX Asset turnover

Asset turnover at other companies

ModernaMRNA

0.2×0.0×

Roivant SciencesROIV

0×0.0×

Merck & Co.MRK

0.5×0.0×

Viridian Therapeutics, Inc.VRDN

0.1×+0.1×

ALN

Alnylam PharmaceuticalsALNY

0.9×+0.3×

Gilead SciencesGILD

0.5×0.0×

Other financials

Income statement

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Revenue$139.5M-79.1%

Gross profit$108.8M-83.3%

Operating income-$15.4M-103%

Net income-$9.5M-102%

EPS (diluted)-$0.06-102%

Balance sheet

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Cash & equivalents$228.4M-13.3%

Total debt$295.1M+404%

Total equity-$144.8M-91.4%

Total assets$1.0B-19.3%

Cash flow

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Operating cash flow-$32.4M+82.5%

CapEx$1.3M-20.4%

Free cash flow-$33.7M+82.0%

Valuation

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Market cap$1.46B+41.0%

Enterprise value$1.53B+83.6%

P/S2.5×+1.6×

Profitability

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Gross margin85%-2.5pp

Operating margin-13.1%-45.9pp

Net margin-14.7%-52.9pp

FCF margin-58.9%-61.4pp

Returns & leverage

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Return on equity-238.6%—

Debt / equity1.5×—

Current ratio2.5×+0.4×

Where this comes from

Calculated from Novavax’s reported figures.

total revenue/total assets=0.5×

Based on trailing twelve months.

The official record: Novavax’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Novavax's asset turnover?: Novavax (NVAX) reported asset turnover of 0.5× in Q1 2026.
How has Novavax's asset turnover changed year-over-year?: Novavax's asset turnover decreased by 46.2% year-over-year, from 0.9× to 0.5×.
What is the long-term trend for Novavax's asset turnover?: Over 5 years (2020 to 2025), Novavax's asset turnover has grown at a 8.7% compound annual growth rate (CAGR), from 0.5× to 0.8×.
What does asset turnover mean?: Trailing-twelve-month revenue divided by average total assets. Measures how many dollars of sales each dollar of assets generates — the efficiency leg of the DuPont decomposition of ROE.