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NovoCure NVCR Operating margin

Operating margin at other companies

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Boston ScientificBSX
19.8%+2.8pp
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MedtronicMDT
17.8%0.0pp
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Nuvation BioNUVB
-81%-39.4pp
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Iovance Biotherapeutics, Inc.IOVA
-92.7%-29.0pp
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Tango TherapeuticsTNGX
-206.2%-61.0pp
Gyre Therapeutics, Inc. logo
Gyre Therapeutics, Inc.GYRE
-14%-18.7pp

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
Net margin-21.2%-3.8pp
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 operating margin?
NovoCure (NVCR) reported operating margin of -22.1% in Q2 2026.
How has NovoCure's operating margin changed year-over-year?
NovoCure's operating margin increased by 19.5% year-over-year, from -27.4% to -22.1%.
What is the long-term trend for NovoCure's operating margin?
Over 5 years (2020 to 2025), NovoCure's operating margin has grown at a 30.7% compound annual growth rate (CAGR), from 6.1% to -23.5%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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