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

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	85%-2.5pp	93.5%+23.2pp	91.8%+28.0pp	88.3%+24.6pp	87.4%+24.5pp
Operating margin	-13.1%-45.9pp	40.3%+76.8pp	28.9%+62.9pp	32.6%+62.3pp	32.8%+72.8pp
Net margin	-14.7%-52.9pp	39.2%+66.7pp	32.1%+64.3pp	39.2%+69.0pp	38.1%+78.2pp
EBITDA margin	-9.4%-45.7pp	42.8%+72.1pp	32.2%+60.9pp	36.4%+61.5pp	36.3%+71.9pp
Returns
Return on assets	-7.5%-43.7pp	32.2%+43.3pp	23.6%+40.5pp	26.8%+43.6pp	36.2%+63.7pp
Efficiency
Asset turnover	0.5×-0.4×	0.8×+0.4×	0.7×+0.2×	0.7×+0.1×	0.9×+0.3×
Inventory turnover	8.3×-3.9×	7.2×-0.8×	7.9×-0.3×	13.1×-8.9×	12.1×-2.7×
Liquidity
Current ratio	2.5×+0.4×	2.1×+1.1×	2.3×+1.3×	2.4×+1.3×	2.1×+1.2×
Quick ratio	2.5×+0.4×	2.1×+1.1×	2.2×+1.3×	2.3×+1.3×	2×+1.1×
Cash ratio	0.7×0.0×	0.5×+0.1×	0.6×+0.1×	0.7×+0.1×	0.6×0.0×
Leverage
Debt-to-assets	0.3×+0.2×	0.2×+0.2×	0×0.0×	0×0.0×	0×0.0×
Interest coverage	-3.6×-22.6×	20.1×+32.5×	12.6×+30.8×	15.2×+34.5×	19×+47.0×
Per Share
Book value per share	-$0.89-108%	-$0.74+82.0%	-$0.97+70.7%	$0.21+108%	-$0.43+93.1%
Valuation
Market capitalization	$1.46B+41.0%	$1.09B-15.2%	$1.41B-30.4%	$1.05B-43.6%	$1.03B+54.1%
Enterprise value	$1.53B+83.6%	$1.13B+31.9%	$1.15B-24.1%	$855.37M-31.5%	$826.21M+231%
Price / sales	2.5×+1.6×	1×-0.9×	1.3×-1.0×	1×-0.9×	0.8×+0.2×
EV / sales	2.6×+1.9×	1×-0.3×	1.1×-0.6×	0.8×-0.5×	0.7×+0.4×
Earnings yield	-6%-52.1pp	40.3%+54.9pp	24.3%+38.4pp	40.2%+56.0pp	46.4%+106pp

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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.