NovoCure (NVCR) Gross Margin (2014 - 2026)
NovoCure (NVCR) recorded Gross Margin of 77.61% in Q2 2026, up 3.72 percentage points from 73.88% a year earlier but down 0.02 percentage points from the prior quarter.
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Analysis
NovoCure (NVCR) Gross Margin (2014 - 2026) Analysis & Trends
On a TTM basis, NovoCure's Gross Margin came in at 76.13% as of Jun 30, 2026, down 0.26 percentage points year-over-year; for FY2025, it came in at 74.54%, down 2.80 percentage points from FY2024.
- Annual Gross Margin has a five-year change of -3.92 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 77.33% in FY2024 (+2.52 pp), 74.81% in FY2023 (-3.83 pp), 78.64% in FY2022 (+0.11 pp) and 78.53% in FY2021 (+0.07 pp).
- Quarterly Gross Margin has ranged from 73.01% in Q2 2023 to 79.84% in Q1 2022 over the past five years.
- On a year-over-year basis, Gross Margin rose in four of the last eight quarters, with an average year-over-year change of +0.15 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 3.94 percentage points in Q2 2024, against a drop of 6.75 percentage points in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 77.63% (Q1 2026), 75.82% (Q4 2025) and 73.25% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 251.30 Bn | 230.45 Bn | 4.88 Bn | 40.70% |
| 2 | Abbott Laboratories | 174.70 Bn | 145.78 Bn | 7.27 Bn | 57.71% |
| 3 | Danaher | 158.94 Bn | 142.76 Bn | 3.61 Bn | 57.64% |
| 4 | Intuitive Surgical | 145.87 Bn | 125.42 Bn | 1.96 Bn | 67.78% |
| 5 | Medtronic | 111.49 Bn | 77.36 Bn | 6.34 Bn | 64.99% |
| 6 | Stryker | 106.96 Bn | 93.08 Bn | 4.50 Bn | 68.27% |
| 7 | Boston Scientific | 63.62 Bn | 58.63 Bn | 3.85 Bn | 70.71% |
| 8 | Edwards Lifesciences | 50.80 Bn | 34.92 Bn | 1.35 Bn | 77.46% |
| 9 | Becton Dickinson | 49.59 Bn | 46.74 Bn | 2.32 Bn | 46.46% |
| 10 | NovoCure | 1.86 Bn | -491.82 Mn | 142.48 Mn | 77.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 77.61% |
| Mar 31, 2026 | 77.63% |
| Dec 31, 2025 | 75.82% |
| Sep 30, 2025 | 73.25% |
| Jun 30, 2025 | 73.88% |
| Mar 31, 2025 | 75.15% |
| Dec 31, 2024 | 79.25% |
| Sep 30, 2024 | 77.19% |
| Jun 30, 2024 | 76.95% |
| Mar 31, 2024 | 75.68% |
| Dec 31, 2023 | 75.67% |
| Sep 30, 2023 | 74.79% |
| Jun 30, 2023 | 73.01% |
| Mar 31, 2023 | 75.76% |
| Dec 31, 2022 | 77.51% |
| Sep 30, 2022 | 77.29% |
| Jun 30, 2022 | 79.77% |
| Mar 31, 2022 | 79.84% |
| Dec 31, 2021 | 77.71% |
| Sep 30, 2021 | 77.39% |
API Access
NovoCure Gross 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=gross-margin&ticker=NVCR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=NVCR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();