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| Date | Value |
|---|---|
| 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% |