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NovoCure NVCR Net margin

Net margin at other companies

Boston Scientific logo
Boston ScientificBSX
17.5%+4.0pp
Medtronic logo
MedtronicMDT
13.2%-0.7pp
Nuvation Bio logo
Nuvation BioNUVB
-88.2%-42.7pp
Iovance Biotherapeutics, Inc. logo
Iovance Biotherapeutics, Inc.IOVA
-89.1%-27.6pp
Tango Therapeutics logo
Tango TherapeuticsTNGX
-188.2%-55.4pp
Gyre Therapeutics, Inc. logo
Gyre Therapeutics, Inc.GYRE
-13.4%-15.1pp

Other financials

Income statement

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Revenue$183.6M+15.6%
Gross profit$142.5M+21.4%
Operating income-$10.6M+73.3%
Net income-$15.7M+61.0%
EPS (diluted)-$0.13+63.9%

Balance sheet

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Cash & equivalents$93.7M-37.4%
Total debt$37.5M-12.4%
Total equity$338.1M-3.2%
Total assets$795.2M-36.2%

Cash flow

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Operating cash flow$8.1M+151%
CapEx$6.9M+26.1%
Free cash flow$1.2M+106%

Valuation

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Market cap$1.91B+56.6%
Enterprise value$1.85B+66.6%
P/S2.7×+0.8×

Profitability

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Gross margin76.1%-0.3pp
Operating margin-22.1%-3.6pp
FCF margin-3.6%-1.5pp

Returns & leverage

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Return on equity-43.2%-4.0pp
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 source filing: NovoCure’s 10-Q, filed July 23, 2026. Open the filing →

Filed
Jul 23, 2026, 6:59 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001645113-26-000062

FAQ

What is NovoCure's net margin?
NovoCure (NVCR) reported net margin of -21.2% in Q2 2026.
How has NovoCure's net margin changed year-over-year?
NovoCure's net margin increased by 21.7% year-over-year, from -27.1% to -21.2%.
What is the long-term trend for NovoCure's net margin?
Over 5 years (2020 to 2025), NovoCure's net margin has grown at a 39.0% compound annual growth rate (CAGR), from 4% to -20.8%.
What does net margin mean?
Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

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