What are Novavax's profit margins?

Novavax (NVAX) runs a 85.0% gross margin and a -13.1% operating margin, with a -14.7% net margin.

Where do Novavax's ratios come from?

Every ratio is computed from Novavax's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Novavax NVAX Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	85%-8.5pp	93.5%+1.7pp	91.8%+3.5pp	88.3%+0.8pp	87.4%+17.2pp
Operating margin	-13.1%-53.4pp	40.3%+11.4pp	28.9%-3.7pp	32.6%-0.2pp	32.8%+69.3pp
Net margin	-14.7%-53.9pp	39.2%+7.1pp	32.1%-7.1pp	39.2%+1.1pp	38.1%+65.6pp
EBITDA margin	-9.4%-52.1pp	42.8%+10.6pp	32.2%-4.2pp	36.4%+0.1pp	36.3%+65.7pp
Returns
Return on assets	-7.5%-39.7pp	32.2%+8.5pp	23.6%-3.2pp	26.8%-9.4pp	36.2%+47.3pp
Efficiency
Asset turnover	0.5×-0.3×	0.8×+0.1×	0.7×+0.1×	0.7×-0.3×	0.9×+0.5×
Inventory turnover	8.3×+1.1×	7.2×-0.7×	7.9×-5.1×	13.1×+0.9×	12.1×+4.1×
Liquidity
Current ratio	2.5×+0.4×	2.1×-0.1×	2.3×-0.1×	2.4×+0.3×	2.1×+1.1×
Quick ratio	2.5×+0.3×	2.1×-0.1×	2.2×-0.1×	2.3×+0.3×	2×+1.1×
Cash ratio	0.7×+0.1×	0.5×-0.1×	0.6×0.0×	0.7×0.0×	0.6×+0.2×
Leverage
Debt-to-assets	0.3×0.0×	0.2×+0.2×	0×0.0×	0×0.0×	0×0.0×
Interest coverage	-3.6×-23.7×	20.1×+7.4×	12.6×-2.6×	15.2×-3.7×	19×+31.4×
Per Share
Book value per share	-$0.89-20.1%	-$0.74+23.5%	-$0.97-555%	$0.21+150%	-$0.43+89.6%
Valuation
Market capitalization	$1.41B+35.6%	$1.09B-22.5%	$1.41B+34.0%	$1.05B+2.0%	$1.03B-19.9%
Enterprise value	$1.47B+76.9%	$1.13B-1.4%	$1.15B+34.2%	$855.37M+3.5%	$826.21M-3.8%
Price / sales	2.4×+1.5×	1×-0.4×	1.3×+0.3×	1×+0.2×	0.8×-1.1×
EV / sales	2.5×+1.8×	1×-0.1×	1.1×+0.3×	0.8×+0.1×	0.7×-0.6×
Earnings yield	-6.2%-52.3pp	40.3%+16.1pp	24.3%-16.0pp	40.2%-6.2pp	46.4%+61.0pp

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Questions, answered.

What are Novavax's profit margins?: Novavax (NVAX) runs a 85.0% gross margin and a -13.1% operating margin, with a -14.7% net margin.
Where do Novavax's ratios come from?: Every ratio is computed from Novavax's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.