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NovoCure NVCR Gross margin

Gross margin at other companies

Boston Scientific logo
Boston ScientificBSX
69.2%+0.5pp
Medtronic logo
MedtronicMDT
65%-0.3pp
Iovance Biotherapeutics, Inc. logo
Iovance Biotherapeutics, Inc.IOVA
36.7%+4.1pp
Nuvation Bio logo
Nuvation BioNUVB
54.3%+39.5pp
Vir Biotechnology, Inc. logo
Vir Biotechnology, Inc.VIR
96.1%-2.7pp
ALN
Alnylam PharmaceuticalsALNY
81%-5.3pp

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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Operating margin-27.2%+0.4pp
Net margin-25.7%-0.7pp
FCF margin-7.1%-2.0pp

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 gross margin?
NovoCure (NVCR) reported gross margin of 75.2% in Q1 2026.
How has NovoCure's gross margin changed year-over-year?
NovoCure's gross margin decreased by 2.5% year-over-year, from 77.2% to 75.2%.
What is the long-term trend for NovoCure's gross margin?
Over 5 years (2020 to 2025), NovoCure's gross margin has grown at a -1.0% compound annual growth rate (CAGR), from 78.5% to 74.5%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.