NovoCure (NVCR) FCF Margin (2014 - 2026)
NovoCure (NVCR) recorded FCF Margin of 0.66% in Q2 2026, up 14.15 percentage points from -13.49% a year earlier and up 11.39 percentage points from the prior quarter.
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Analysis
NovoCure (NVCR) FCF Margin (2014 - 2026) Analysis & Trends
On a TTM basis, NovoCure's FCF Margin came in at -3.64% as of Jun 30, 2026, up 9.12 percentage points year-over-year; for FY2025, it was -11.55%, down 0.11 percentage points from FY2024.
- Annual FCF Margin has a five-year change of -28.58 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at -11.44% in FY2024 (+8.28 pp), -19.72% in FY2023 (-21.47 pp), 1.75% in FY2022 (-9.20 pp) and 10.95% in FY2021 (-6.08 pp).
- Quarterly FCF Margin has ranged from -31.30% in Q1 2024 to 15.79% in Q3 2021 over the past five years.
- On a year-over-year basis, FCF Margin rose in six of the last eight quarters, with an average year-over-year change of +7.83 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 20.67 percentage points in Q3 2024, against a drop of 33.63 percentage points in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at -10.73% (Q1 2026), -13.13% (Q4 2025) and 8.92% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 251.30 Bn | 230.45 Bn | 4.88 Bn | 13.97% |
| 2 | Abbott Laboratories | 174.70 Bn | 145.78 Bn | 7.27 Bn | 15.81% |
| 3 | Danaher | 158.94 Bn | 142.76 Bn | 3.61 Bn | 20.19% |
| 4 | Intuitive Surgical | 145.87 Bn | 125.42 Bn | 1.96 Bn | 32.79% |
| 5 | Medtronic | 111.49 Bn | 77.36 Bn | 6.34 Bn | 13.22% |
| 6 | Stryker | 106.96 Bn | 93.08 Bn | 4.50 Bn | 16.07% |
| 7 | Boston Scientific | 63.62 Bn | 58.63 Bn | 3.85 Bn | 23.50% |
| 8 | Edwards Lifesciences | 50.80 Bn | 34.92 Bn | 1.35 Bn | 33.60% |
| 9 | Becton Dickinson | 49.59 Bn | 46.74 Bn | 2.32 Bn | 12.70% |
| 10 | NovoCure | 1.86 Bn | -491.82 Mn | 142.48 Mn | 0.66% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.66% |
| Mar 31, 2026 | -10.73% |
| Dec 31, 2025 | -13.13% |
| Sep 30, 2025 | 8.92% |
| Jun 30, 2025 | -13.49% |
| Mar 31, 2025 | -29.86% |
| Dec 31, 2024 | -7.68% |
| Sep 30, 2024 | -0.20% |
| Jun 30, 2024 | -8.76% |
| Mar 31, 2024 | -31.30% |
| Dec 31, 2023 | -15.98% |
| Sep 30, 2023 | -20.87% |
| Jun 30, 2023 | -23.54% |
| Mar 31, 2023 | -18.67% |
| Dec 31, 2022 | -7.89% |
| Sep 30, 2022 | 12.76% |
| Jun 30, 2022 | 8.26% |
| Mar 31, 2022 | -6.38% |
| Dec 31, 2021 | 0.10% |
| Sep 30, 2021 | 15.79% |
API Access
NovoCure FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=NVCR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "NVCR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=NVCR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();