NovoCure (NVCR) Net Margin (2014 - 2026)
NovoCure (NVCR) reported Net Margin of -8.53% for Q2 2026, up 16.75 percentage points from -25.28% a year earlier and up 32.34 percentage points from the prior quarter.
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Analysis
NovoCure (NVCR) Net Margin (2014 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, NovoCure's Net Margin came in at -21.25%, up 5.88 percentage points year-over-year; for FY2025, it was -20.79%, up 7.08 percentage points from FY2024.
- Net Margin has a five-year change of -24.79 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at -27.86% in FY2024 (+12.79 pp), -40.65% in FY2023 (-23.44 pp), -17.20% in FY2022 (-6.30 pp) and -10.91% in FY2021 (-14.91 pp).
- The Q2 2026 figure ranks as the highest quarterly Net Margin since Q1 2022.
- Year over year, Net Margin gained in four of the last eight quarters, with an average year-over-year change of +4.81 percentage points.
- The high point for year-over-year Net Margin in five years was Q4 2025 (a gain of 26.83 percentage points); the low point was Q1 2023 (a drop of 40.05 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -40.87% (Q1 2026), -14.05% (Q4 2025) and -22.29% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 251.30 Bn | 230.45 Bn | 4.88 Bn | 14.47% |
| 2 | Abbott Laboratories | 174.70 Bn | 145.78 Bn | 7.27 Bn | 7.37% |
| 3 | Danaher | 158.94 Bn | 142.76 Bn | 3.61 Bn | 13.89% |
| 4 | Intuitive Surgical | 145.87 Bn | 125.42 Bn | 1.96 Bn | 28.29% |
| 5 | Medtronic | 111.49 Bn | 77.36 Bn | 6.34 Bn | 15.07% |
| 6 | Stryker | 106.96 Bn | 93.08 Bn | 4.50 Bn | 19.37% |
| 7 | Boston Scientific | 63.62 Bn | 58.63 Bn | 3.85 Bn | 16.67% |
| 8 | Edwards Lifesciences | 50.80 Bn | 34.92 Bn | 1.35 Bn | 13.89% |
| 9 | Becton Dickinson | 49.59 Bn | 46.74 Bn | 2.32 Bn | 7.57% |
| 10 | NovoCure | 1.86 Bn | -491.82 Mn | 142.48 Mn | -8.53% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -8.53% |
| Mar 31, 2026 | -40.87% |
| Dec 31, 2025 | -14.05% |
| Sep 30, 2025 | -22.29% |
| Jun 30, 2025 | -25.28% |
| Mar 31, 2025 | -22.14% |
| Dec 31, 2024 | -40.88% |
| Sep 30, 2024 | -19.71% |
| Jun 30, 2024 | -22.20% |
| Mar 31, 2024 | -27.98% |
| Dec 31, 2023 | -35.19% |
| Sep 30, 2023 | -38.87% |
| Jun 30, 2023 | -45.55% |
| Mar 31, 2023 | -43.43% |
| Dec 31, 2022 | -29.05% |
| Sep 30, 2022 | -20.29% |
| Jun 30, 2022 | -17.04% |
| Mar 31, 2022 | -3.38% |
| Dec 31, 2021 | -19.86% |
| Sep 30, 2021 | -9.82% |
API Access
NovoCure Net 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=net-margin&ticker=NVCR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=NVCR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();