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Novocure vs Transmedics Group

Novocure and Transmedics Group are similar in size: $655m and $605m of revenue in their latest fiscal years. Transmedics Group grew faster (37.1% against 8.3%). Transmedics Group kept more of each dollar of sales as profit: a net margin of 31.4% against -20.8%.

Latest fiscal yearNovocureNVCR, 2025Transmedics GroupTMDX, 2025
Revenue $655m $605m
Revenue growth 8.3% 37.1%
Net income −$136m $190m
Operating margin — 17.9%
Net margin -20.8% 31.4%
Return on equity -38.9% 54.2%
Free cash flow −$75.7m $134m
Cash $93.5m $489m
Total debt $195m $463m
Debt to equity — 97.8%
Dividend per share — —
Dividend yield — —
Share buybacks — —
Employees 1,605 898
Market value $1.56bn $2.33bn
Price vs our value range — —
Moat score 36 (Weak) 33 (Weak)
Insider trades, 12 months 0 buys, 25 sales 2 buys, 11 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.