What is NovoCure's invested capital?

NovoCure (NVCR) reported invested capital of $282.67M in Q1 2026.

How has NovoCure's invested capital changed year-over-year?

NovoCure's invested capital increased by 2.8% year-over-year, from $274.99M to $282.67M.

What is the long-term trend for NovoCure's invested capital?

Over 5 years (2020 to 2025), NovoCure's invested capital has grown at a -15.4% compound annual growth rate (CAGR), from $692.53M to $300.22M.

What does invested capital mean?

Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

NovoCure NVCR Invested capital

Discontinued — last reported Q1 '26

Invested capital at other companies

Travel + LeisureTNL

18.8%+0.1pp

BeldenBDC

12.2%+0.5pp

Envista Holdings CorporationNVST

3.4%+1.8pp

Liberty Broadband CorporationLBRDK

-0.3%-0.1pp

Archer AviationACHR

-129.7%-62.3pp

Kiniksa Pharmaceuticals International, plcKNSA

17.5%+14.2pp

Other financials

Income statement

See full

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

See full

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

FCF margin-7.1%-2.0pp

Returns & leverage

See full

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.

$39.5Mtotal debt+$330.7Mtotal stockholders equity−$87.5Mcash and equivalents=$282.67M

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 invested capital?: NovoCure (NVCR) reported invested capital of $282.67M in Q1 2026.
How has NovoCure's invested capital changed year-over-year?: NovoCure's invested capital increased by 2.8% year-over-year, from $274.99M to $282.67M.
What is the long-term trend for NovoCure's invested capital?: Over 5 years (2020 to 2025), NovoCure's invested capital has grown at a -15.4% compound annual growth rate (CAGR), from $692.53M to $300.22M.
What does invested capital mean?: Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).