NovoCure (NVCR) Return on Capital Employed (2015 - 2026)

NovoCure's (NVCR) quarterly Return on Capital Employed came in at 31.69% in Q1 2026, up 158.0% year-on-year from 12.28% in Q1 2025, and down 77.12% quarter-over-quarter from 17.89% in Q4 2025.

NovoCure (NVCR) Return on Capital Employed (2015 - 2026) Analysis & Trends

NovoCure has disclosed Return on Capital Employed across 12 years of filings, most recently posting 31.69% for Q1 2026.

  • Return on Capital Employed for Q1 2026 came in at 31.69%, up 158.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 31.69% (up 158.0% YoY), and the FY2025 annual result was 19.24%, up 1977.0% from the prior year.
  • Return on Capital Employed came in at 31.69% for Q1 2026 at NovoCure, down from 17.89% in the prior quarter.
  • In the past five years, Return on Capital Employed ranged from a high of 4.43% in Q1 2022 to a low of 35.89% in Q4 2024.
  • The 5-year median for Return on Capital Employed is 22.0% (2024), against an average of 21.5%.
  • Peak annual rise in Return on Capital Employed reached 1800 bps in 2025, while the deepest fall reached 1617 bps in 2025.
  • NovoCure's Return on Capital Employed stood at 8.74% in 2022, then sank by 175 bps to 24.08% in 2023, then slumped by 49 bps to 35.89% in 2024, then jumped by 50 bps to 17.89% in 2025, then tumbled by 77 bps to 31.69% in 2026.
  • The last three Return on Capital Employed figures came in at 31.69% (Q1 2026), 17.89% (Q4 2025), and 33.5% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Abbott Laboratories 154.42 Bn 147.76 Bn 6.27 Bn 9.61%
2 Stryker 118.12 Bn 115.25 Bn 3.81 Bn 12.24%
3 Medtronic 101.72 Bn 93.55 Bn 5.76 Bn 7.36%
4 Boston Scientific 67.19 Bn 65.98 Bn 3.61 Bn 9.62%
5 Edwards Lifesciences 50.69 Bn 47.02 Bn 1.29 Bn 11.13%
6 Koninklijke Philips 29.38 Bn 26.07 Bn 2.07 Bn 10.45%
7 Dexcom 28.09 Bn 26.97 Bn 750.30 Mn 24.24%
8 GE HealthCare Technologies 28.08 Bn 26.02 Bn 1.98 Bn 9.30%
9 Steris 19.80 Bn 19.37 Bn 697.10 Mn 11.57%
10 NovoCure 1.63 Bn 1.20 Bn 135.13 Mn -31.69%

Historic Data

Download Data
DateValue
Mar 31, 2026 -31.69%
Dec 31, 2025 -17.89%
Sep 30, 2025 -33.50%
Jun 30, 2025 -34.72%
Mar 31, 2025 -33.27%
Dec 31, 2024 -35.89%
Sep 30, 2024 -32.96%
Jun 30, 2024 -18.55%
Mar 31, 2024 -22.00%
Dec 31, 2023 -24.08%
Sep 30, 2023 -22.51%
Jun 30, 2023 -18.74%
Mar 31, 2023 -14.40%
Dec 31, 2022 -8.74%
Sep 30, 2022 -6.81%
Jun 30, 2022 -5.28%
Mar 31, 2022 -4.43%
Dec 31, 2021 -4.49%
Sep 30, 2021 -0.90%
Jun 30, 2021 1.52%