NovoCure (NVCR) Operating Margin (2014 - 2026)
NovoCure's Operating Margin came in at -5.75% for Q2 2026, up 19.13 percentage points from -24.89% a year earlier and up 32.98 percentage points from the prior quarter.
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Analysis
NovoCure (NVCR) Operating Margin (2014 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, NovoCure reported Operating Margin of -22.08%, up 5.34 percentage points year-over-year; for FY2025, it was -23.47%, up 4.70 percentage points from FY2024.
- Operating Margin carries a five-year change of -29.62 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was -28.17% in FY2024 (+17.55 pp), -45.72% in FY2023 (-29.08 pp), -16.64% in FY2022 (-8.36 pp) and -8.29% in FY2021 (-14.44 pp).
- The Q2 2026 figure represents the highest quarterly Operating Margin since Q1 2022.
- Year-over-year, Operating Margin increased in four of the last eight quarters, with an average year-over-year change of +5.94 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q2 2024 (a gain of 27.38 percentage points), and the weakest in Q1 2023 (a drop of 48.72 percentage points).
- Business Quant data shows NVCR's Operating Margin at -38.73% (Q1 2026), -23.17% (Q4 2025) and -21.54% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 251.30 Bn | 230.45 Bn | 4.88 Bn | 17.40% |
| 2 | Abbott Laboratories | 174.70 Bn | 145.78 Bn | 7.27 Bn | 13.44% |
| 3 | Danaher | 158.94 Bn | 142.76 Bn | 3.61 Bn | 17.99% |
| 4 | Intuitive Surgical | 145.87 Bn | 125.42 Bn | 1.96 Bn | 33.60% |
| 5 | Medtronic | 111.49 Bn | 77.36 Bn | 6.34 Bn | 18.08% |
| 6 | Stryker | 106.96 Bn | 93.08 Bn | 4.50 Bn | 25.18% |
| 7 | Boston Scientific | 63.62 Bn | 58.63 Bn | 3.85 Bn | 21.65% |
| 8 | Edwards Lifesciences | 50.80 Bn | 34.92 Bn | 1.35 Bn | 29.48% |
| 9 | Becton Dickinson | 49.59 Bn | 46.74 Bn | 2.32 Bn | 13.31% |
| 10 | NovoCure | 1.86 Bn | -491.82 Mn | 142.48 Mn | -5.75% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -5.75% |
| Mar 31, 2026 | -38.73% |
| Dec 31, 2025 | -23.17% |
| Sep 30, 2025 | -21.54% |
| Jun 30, 2025 | -24.89% |
| Mar 31, 2025 | -24.43% |
| Dec 31, 2024 | -39.25% |
| Sep 30, 2024 | -20.69% |
| Jun 30, 2024 | -22.33% |
| Mar 31, 2024 | -29.98% |
| Dec 31, 2023 | -38.66% |
| Sep 30, 2023 | -45.75% |
| Jun 30, 2023 | -49.71% |
| Mar 31, 2023 | -49.31% |
| Dec 31, 2022 | -33.46% |
| Sep 30, 2022 | -18.79% |
| Jun 30, 2022 | -15.00% |
| Mar 31, 2022 | -0.59% |
| Dec 31, 2021 | -17.56% |
| Sep 30, 2021 | -6.40% |
API Access
NovoCure Operating 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=operating-margin&ticker=NVCR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=NVCR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();