Is AMGN or NVO cheaper?

On trailing earnings, NVO is cheaper: AMGN trades at a 24.39 P/E and NVO at 10.19.

Which has grown faster, AMGN or NVO?

Over the past five years, NVO grew revenue faster — AMGN at a 8.15% CAGR versus NVO at 20.73%.

Does AMGN or NVO pay a bigger dividend?

AMGN yields 2.80% and NVO yields 4.14% based on trailing dividends and the latest price.

Is AMGN or NVO more profitable?

NVO runs the higher net margin — AMGN at 20.95% versus NVO at 37.14%.

Which has been the better investment, AMGN or NVO?

Over the past 10-year, AMGN delivered the higher annualized total return — AMGN at 11.99% versus NVO at 7.84%. Past performance doesn't predict future results.

Amgen Inc. (AMGN) vs Novo Nordisk A/S (NVO)

NVO leads on 11 of 16 compared metrics.

A side-by-side comparison of Amgen Inc. and Novo Nordisk A/S across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 16, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — AMGN vs NVO

growth of $100 · last 30y

AMGN +2263.9%NVO +6188.8%NVO compounded faster

AMGN NVO

AMGN vs NVO: by the numbers

•NVO is the larger company ($193.53B vs $189.27B market cap).
•NVO trades at the lower earnings multiple (10.19 vs 24.39 P/E).
•NVO converts more revenue to profit (37.14% vs 20.95% net margin).
•NVO grew revenue faster over the past five years (20.73% vs 8.15% CAGR).
•NVO pays the higher dividend yield (4.14% vs 2.80%).

Which is better, AMGN or NVO?

Metric tally: AMGN 5 · NVO 11

It depends on what you're optimizing for:

ValueNVO(lower P/E)

GrowthNVO(faster 5Y revenue CAGR)

IncomeNVO(higher dividend yield)

QualityNVO(higher ROIC)

Metrics side by side

Valuation

Metric	AMGN	NVO
P/E ratio	24.39	10.19●
Forward P/E	14.95	—
P/S ratio	5.12	3.78●
P/B ratio	20.75	6.19●
PEG ratio	0.26●	8.17
EV / EBITDA	14.14	7.35●
FCF yield	4.51%●	2.50%

Profitability

Metric	AMGN	NVO
Gross margin	71.46%	81.83%●
Operating margin	31.63%	45.21%●
Net margin	20.95%	37.14%●
ROE	84.87%●	60.74%
ROIC	13.16%	29.53%●

Dividends

Metric	AMGN	NVO
Dividend yield	2.80%	4.14%●
Payout ratio	68.39%	49.80%

Growth (annualized)

Metric	AMGN	NVO
Revenue CAGR (5Y)	8.15%	20.73%●
EPS CAGR (5Y)	2.94%	19.59%●
FCF CAGR (5Y)	-2.66%●	-5.86%
Total return CAGR (5Y)	11.38%●	2.95%

Frequently asked

Which is better, AMGN or NVO?: It depends on your goal. value: NVO (lower P/E); growth: NVO (faster 5Y revenue CAGR); income: NVO (higher dividend yield); quality: NVO (higher ROIC). Across all compared metrics, NVO leads 11 to 5.
Is AMGN or NVO cheaper?: On trailing earnings, NVO is cheaper: AMGN trades at a 24.39 P/E and NVO at 10.19.
Which has grown faster, AMGN or NVO?: Over the past five years, NVO grew revenue faster — AMGN at a 8.15% CAGR versus NVO at 20.73%.
Does AMGN or NVO pay a bigger dividend?: AMGN yields 2.80% and NVO yields 4.14% based on trailing dividends and the latest price.
Is AMGN or NVO more profitable?: NVO runs the higher net margin — AMGN at 20.95% versus NVO at 37.14%.
Which has been the better investment, AMGN or NVO?: Over the past 10-year, AMGN delivered the higher annualized total return — AMGN at 11.99% versus NVO at 7.84%. Past performance doesn't predict future results.

Go deeper

Full AMGN analysis Full NVO analysis Interactive comparison tool

Dig into the metrics

Amgen P/E ratio Novo Nordisk A/S P/E ratio Amgen dividend yield Novo Nordisk A/S dividend yield Amgen ROE Novo Nordisk A/S ROE Amgen operating margin Novo Nordisk A/S operating margin Amgen revenue growth Novo Nordisk A/S revenue growth Amgen free cash flow Novo Nordisk A/S free cash flow

Amgen & Novo Nordisk A/S appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Highest ROE Stocks Highest ROIC Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 16, 2026.