Growth Metrics

NovoCure (NVCR) Operating Margin (2016 - 2025)

NovoCure's Operating Margin history spans 11 years, with the latest figure at 23.17% for Q4 2025.

  • For Q4 2025, Operating Margin rose 1609.0% year-over-year to 23.17%; the TTM value through Dec 2025 reached 23.47%, up 470.0%, while the annual FY2025 figure was 23.47%, 470.0% up from the prior year.
  • Operating Margin for Q4 2025 was 23.17% at NovoCure, down from 21.54% in the prior quarter.
  • Across five years, Operating Margin topped out at 0.07% in Q1 2021 and bottomed at 49.71% in Q2 2023.
  • The 5-year median for Operating Margin is 22.75% (2024), against an average of 24.54%.
  • The largest annual shift saw Operating Margin plummeted -4872bps in 2023 before it soared 2738bps in 2024.
  • A 5-year view of Operating Margin shows it stood at 17.56% in 2021, then crashed by -91bps to 33.46% in 2022, then dropped by -16bps to 38.66% in 2023, then fell by -2bps to 39.25% in 2024, then surged by 41bps to 23.17% in 2025.
  • Per Business Quant, the three most recent readings for NVCR's Operating Margin are 23.17% (Q4 2025), 21.54% (Q3 2025), and 24.89% (Q2 2025).