The latest data point for NVO's profit margins in Q4'25 shows the Gross Margin at 80.9%, Operating Margin at 40.1%, and Net Profit Margin at 34.0%, reflecting a moderate recovery from the notably low levels observed in Q3'25, particularly for the net margin which had dipped to 26.7%. Over the period from Q1'23 to Q4'25, the Gross Margin has remained relatively stable, fluctuating between 76.1% and 85.5% with an overall average around 84%, indicating consistent cost control in core operations. In contrast, the Operating Margin and Net Profit Margin exhibit greater volatility, ranging from 31.6% to 49.7% and 26.7% to 38.9% respectively, with significant declines in Q2'24 (operating at 38.1%, net at 29.5%) and Q3'25 (operating at 31.6%, net at 26.7%) suggesting periodic pressures from operating expenses or one-time factors, though both lines show resilience with upticks in Q1'25 and Q4'25.