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NovoCure NVCR Free cash flow margin

Free cash flow margin at other companies

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14.9%-0.5pp
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Iovance Biotherapeutics, Inc.IOVA
-106.8%-27.5pp
Nuvation Bio logo
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-93.5%-45.2pp
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-187.2%-85.4pp

Other financials

Income statement

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Revenue$174.1M+12.3%
Gross profit$135.1M+16.0%
Operating income-$67.4M-78.1%
Net income-$71.1M-107%
EPS (diluted)-$0.62-100%

Balance sheet

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Cash & equivalents$87.5M-31.2%
Total debt$39.5M-2.1%
Total equity$330.7M-8.6%
Total assets$787.9M-36.9%

Cash flow

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Operating cash flow-$13.5M+62.1%
CapEx$5.2M-51.4%
Free cash flow-$18.7M+59.7%

Valuation

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Market cap$1.64B-36.7%
Enterprise value$1.59B-36.3%
P/S2.4×-1.7×

Profitability

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Gross margin75.2%-2.0pp
Operating margin-27.2%+0.4pp
Net margin-25.7%-0.7pp

Returns & leverage

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Return on equity-50%+5.4pp
Debt / equity0.1×0.0×
Current ratio2.9×+1.4×

Where this comes from

Calculated from NovoCure’s reported figures.

Based on trailing twelve months.

The official record: NovoCure’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NovoCure's free cash flow margin?
NovoCure (NVCR) reported free cash flow margin of -7.1% in Q1 2026.
How has NovoCure's free cash flow margin changed year-over-year?
NovoCure's free cash flow margin increased by 38.6% year-over-year, from -11.6% to -7.1%.
What is the long-term trend for NovoCure's free cash flow margin?
Over 4 years (2020 to 2025), NovoCure's free cash flow margin has grown at a -9.3% compound annual growth rate (CAGR), from 17% to -11.5%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.