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Novavax NVAX Return on assets

Return on assets at other companies

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ModernaMRNA
-26.4%+4.9pp
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Roivant SciencesROIV
-14.7%-15.2pp
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Merck & Co.MRK
7.3%-8.4pp
Vaxcyte, Inc. logo
Vaxcyte, Inc.PCVX
-28.1%+29.3pp
Viridian Therapeutics, Inc. logo
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-49.7%+2.2pp
ALN
Alnylam PharmaceuticalsALNY
10.8%+8.0pp

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.

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 return on assets?
Novavax (NVAX) reported return on assets of -7.5% in Q1 2026.
How has Novavax's return on assets changed year-over-year?
Novavax's return on assets decreased by 120.8% year-over-year, from 36.2% to -7.5%.
What is the long-term trend for Novavax's return on assets?
Over 5 years (2020 to 2025), Novavax's return on assets has grown at a -7.6% compound annual growth rate (CAGR), from -47.7% to 32.2%.
What does return on assets mean?
Trailing-twelve-month net income divided by average total assets. Measures how efficiently the asset base generates profit, independent of how those assets are financed. Computed as net income over average total assets — note this is OpenCapital's standard definition and may differ from data vendors that use alternative numerators.