NovoCure (NVCR) Return on Invested Capital [ROIC] (2015 - 2026)
NovoCure (NVCR) reported Return on Invested Capital [ROIC] of -28.34% for Q2 2026, down 11.28 percentage points from -17.06% a year earlier but up 5.77 percentage points from the prior quarter.
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Analysis
NovoCure (NVCR) Return on Invested Capital [ROIC] (2015 - 2026) Analysis & Trends
For FY2025, NovoCure posted Return on Invested Capital [ROIC] of -19.83%, up 4.92 percentage points from FY2024.
- Return on Invested Capital [ROIC] has a five-year change of -24.60 percentage points (FY2020 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at -24.74% in FY2024 (+9.27 pp), -34.02% in FY2023 (-24.97 pp), -9.05% in FY2022 (-4.33 pp) and -4.72% in FY2021 (-9.49 pp).
- Five-year quarterly Return on Invested Capital [ROIC] spans a low of -35.17% in Q4 2023 and a high of -0.92% in Q3 2021.
- Year over year, Return on Invested Capital [ROIC] has now declined in each of the last three quarters, with an average year-over-year change of +2.49 percentage points over the last eight quarters.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was Q4 2024 (a gain of 18.38 percentage points); the low point was Q4 2023 (a drop of 26.29 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -34.11% (Q1 2026), -18.84% (Q4 2025) and -16.80% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 242.18 Bn | 221.33 Bn | 4.88 Bn | 7.89% |
| 2 | Abbott Laboratories | 168.71 Bn | 139.79 Bn | 7.27 Bn | 6.20% |
| 3 | Danaher | 150.46 Bn | 134.27 Bn | 3.61 Bn | 5.71% |
| 4 | Intuitive Surgical | 138.71 Bn | 118.26 Bn | 1.96 Bn | - |
| 5 | Medtronic | 110.54 Bn | 76.41 Bn | 6.34 Bn | 6.90% |
| 6 | Stryker | 105.66 Bn | 91.78 Bn | 4.50 Bn | 10.46% |
| 7 | Boston Scientific | 61.74 Bn | 56.75 Bn | 3.85 Bn | 10.53% |
| 8 | Edwards Lifesciences | 49.09 Bn | 33.21 Bn | 1.35 Bn | 8.99% |
| 9 | Becton Dickinson | 48.16 Bn | 45.31 Bn | 2.32 Bn | 5.27% |
| 10 | NovoCure | 1.74 Bn | -614.09 Mn | 142.48 Mn | -28.34% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -28.34% |
| Mar 31, 2026 | -34.11% |
| Dec 31, 2025 | -18.84% |
| Sep 30, 2025 | -16.80% |
| Jun 30, 2025 | -17.06% |
| Mar 31, 2025 | -16.41% |
| Dec 31, 2024 | -16.79% |
| Sep 30, 2024 | -21.56% |
| Jun 30, 2024 | -26.67% |
| Mar 31, 2024 | -33.16% |
| Dec 31, 2023 | -35.17% |
| Sep 30, 2023 | -23.05% |
| Jun 30, 2023 | -19.23% |
| Mar 31, 2023 | -14.86% |
| Dec 31, 2022 | -8.88% |
| Sep 30, 2022 | -6.94% |
| Jun 30, 2022 | -5.38% |
| Mar 31, 2022 | -4.57% |
| Dec 31, 2021 | -4.55% |
| Sep 30, 2021 | -0.92% |
API Access
NovoCure Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=NVCR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=NVCR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();