Sandoz Group revenue and financials
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In the fiscal year ended December 2025, Sandoz Group reported revenue of $11.16B (+7.44% year over year). Net income was $914M, a net margin of 8.2%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +7.44%
- 2025 vs 2024
- Net margin
- 8.2%
- 2024: 0.0%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating cash flow | 1,594 | 656 | 362 | 1,223 |
| Depreciation and amortization | 545 | 502 | 525 | 492 |
| Capital expenditure | -784 | -596 | -625 | -427 |
| Investing cash flow | -980 | -740 | -614 | -430 |
| Financing cash flow | -197 | 242 | 1,242 | -769 |
| Dividends paid | -315 | -215 | — | — |
| Share repurchases | 0.0 | -12.0 | 0.0 | — |
| Debt issued | 991 | 748 | 6,449 | 16.0 |
| Debt repaid | -759 | -78.0 | -2,627 | 0.0 |
| Effect of exchange rates | 131 | -76.0 | 45.0 | 10.0 |
| Net change in cash | 417 | 158 | 990 | 24.0 |
| Free cash flow | 810 | 60.0 | -263 | 796 |