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Side-by-side financial comparison of NovoCure Ltd (NVCR) and Palomar Holdings, Inc. (PLMR). Click either name above to swap in a different company.
Palomar Holdings, Inc. is the larger business by last-quarter revenue ($253.4M vs $174.3M, roughly 1.5× NovoCure Ltd). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs 8.1%). Palomar Holdings, Inc. produced more free cash flow last quarter ($409.0M vs $-22.9M). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% CAGR vs 12.2%).
NovoCure Ltd is a global oncology company that develops and commercializes innovative Tumor Treating Fields (TTFields) therapy, a non-invasive wearable treatment using low-intensity electric fields to disrupt cancer cell division. Its approved therapies target glioblastoma, malignant mesothelioma and non-small cell lung cancer, serving patients across North America, Europe and Asia Pacific.
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
NVCR vs PLMR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $174.3M | $253.4M |
| Net Profit | $-24.5M | — |
| Gross Margin | 75.8% | — |
| Operating Margin | -23.2% | 28.7% |
| Net Margin | -14.1% | — |
| Revenue YoY | 8.1% | 62.7% |
| Net Profit YoY | 62.8% | — |
| EPS (diluted) | $-0.22 | $2.05 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $174.3M | $253.4M | ||
| Q3 25 | $167.2M | $244.7M | ||
| Q2 25 | $158.8M | $203.3M | ||
| Q1 25 | $155.0M | $174.6M | ||
| Q4 24 | $161.3M | $155.8M | ||
| Q3 24 | $155.1M | $148.5M | ||
| Q2 24 | $150.4M | $131.1M | ||
| Q1 24 | $138.5M | $118.5M |
| Q4 25 | $-24.5M | — | ||
| Q3 25 | $-37.3M | $51.5M | ||
| Q2 25 | $-40.1M | $46.5M | ||
| Q1 25 | $-34.3M | $42.9M | ||
| Q4 24 | $-65.9M | — | ||
| Q3 24 | $-30.6M | $30.5M | ||
| Q2 24 | $-33.4M | $25.7M | ||
| Q1 24 | $-38.8M | $26.4M |
| Q4 25 | 75.8% | — | ||
| Q3 25 | 73.2% | — | ||
| Q2 25 | 73.9% | — | ||
| Q1 25 | 75.1% | — | ||
| Q4 24 | 79.2% | — | ||
| Q3 24 | 77.2% | — | ||
| Q2 24 | 77.0% | — | ||
| Q1 24 | 75.7% | — |
| Q4 25 | -23.2% | 28.7% | ||
| Q3 25 | -21.5% | 27.4% | ||
| Q2 25 | -24.9% | 29.5% | ||
| Q1 25 | -24.4% | 30.8% | ||
| Q4 24 | -39.3% | 28.9% | ||
| Q3 24 | -20.7% | 25.9% | ||
| Q2 24 | -22.3% | 25.5% | ||
| Q1 24 | -30.0% | 29.0% |
| Q4 25 | -14.1% | — | ||
| Q3 25 | -22.3% | 21.0% | ||
| Q2 25 | -25.3% | 22.9% | ||
| Q1 25 | -22.1% | 24.6% | ||
| Q4 24 | -40.9% | — | ||
| Q3 24 | -19.7% | 20.5% | ||
| Q2 24 | -22.2% | 19.6% | ||
| Q1 24 | -28.0% | 22.3% |
| Q4 25 | $-0.22 | $2.05 | ||
| Q3 25 | $-0.33 | $1.87 | ||
| Q2 25 | $-0.36 | $1.68 | ||
| Q1 25 | $-0.31 | $1.57 | ||
| Q4 24 | $-0.61 | $1.29 | ||
| Q3 24 | $-0.28 | $1.15 | ||
| Q2 24 | $-0.31 | $1.00 | ||
| Q1 24 | $-0.36 | $1.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $93.5M | $106.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $340.5M | $942.7M |
| Total Assets | $804.3M | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $93.5M | $106.9M | ||
| Q3 25 | $342.1M | $111.7M | ||
| Q2 25 | $149.6M | $81.3M | ||
| Q1 25 | $127.3M | $119.3M | ||
| Q4 24 | $163.8M | $80.4M | ||
| Q3 24 | $185.4M | $86.5M | ||
| Q2 24 | $164.8M | $47.8M | ||
| Q1 24 | $453.8M | $61.4M |
| Q4 25 | $340.5M | $942.7M | ||
| Q3 25 | $341.3M | $878.1M | ||
| Q2 25 | $349.4M | $847.2M | ||
| Q1 25 | $362.0M | $790.4M | ||
| Q4 24 | $360.2M | $729.0M | ||
| Q3 24 | $360.8M | $703.3M | ||
| Q2 24 | $361.8M | $532.6M | ||
| Q1 24 | $359.4M | $501.7M |
| Q4 25 | $804.3M | $3.1B | ||
| Q3 25 | $1.4B | $2.9B | ||
| Q2 25 | $1.2B | $2.8B | ||
| Q1 25 | $1.2B | $2.4B | ||
| Q4 24 | $1.2B | $2.3B | ||
| Q3 24 | $1.2B | $2.3B | ||
| Q2 24 | $1.2B | $2.0B | ||
| Q1 24 | $1.1B | $1.9B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-18.0M | $409.1M |
| Free Cash FlowOCF − Capex | $-22.9M | $409.0M |
| FCF MarginFCF / Revenue | -13.1% | 161.4% |
| Capex IntensityCapex / Revenue | 2.8% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-75.7M | $700.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-18.0M | $409.1M | ||
| Q3 25 | $20.6M | $83.6M | ||
| Q2 25 | $-15.9M | $120.9M | ||
| Q1 25 | $-35.7M | $87.2M | ||
| Q4 24 | $-3.5M | $261.2M | ||
| Q3 24 | $10.4M | $100.3M | ||
| Q2 24 | $-1.7M | $55.1M | ||
| Q1 24 | $-31.6M | $33.1M |
| Q4 25 | $-22.9M | $409.0M | ||
| Q3 25 | $14.9M | $83.6M | ||
| Q2 25 | $-21.4M | $120.8M | ||
| Q1 25 | $-46.3M | $87.1M | ||
| Q4 24 | $-12.4M | $260.9M | ||
| Q3 24 | $-307.0K | $100.1M | ||
| Q2 24 | $-13.2M | — | ||
| Q1 24 | $-43.4M | — |
| Q4 25 | -13.1% | 161.4% | ||
| Q3 25 | 8.9% | 34.2% | ||
| Q2 25 | -13.5% | 59.4% | ||
| Q1 25 | -29.9% | 49.9% | ||
| Q4 24 | -7.7% | 167.5% | ||
| Q3 24 | -0.2% | 67.4% | ||
| Q2 24 | -8.8% | — | ||
| Q1 24 | -31.3% | — |
| Q4 25 | 2.8% | 0.1% | ||
| Q3 25 | 3.4% | 0.0% | ||
| Q2 25 | 3.5% | 0.0% | ||
| Q1 25 | 6.8% | 0.0% | ||
| Q4 24 | 5.5% | 0.2% | ||
| Q3 24 | 6.9% | 0.1% | ||
| Q2 24 | 7.6% | 0.0% | ||
| Q1 24 | 8.5% | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.63× | ||
| Q2 25 | — | 2.60× | ||
| Q1 25 | — | 2.03× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.29× | ||
| Q2 24 | — | 2.14× | ||
| Q1 24 | — | 1.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
