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Side-by-side financial comparison of NovoCure Ltd (NVCR) and Stellar Bancorp, Inc. (STEL). Click either name above to swap in a different company.

NovoCure Ltd is the larger business by last-quarter revenue ($174.3M vs $108.9M, roughly 1.6× Stellar Bancorp, Inc.). Stellar Bancorp, Inc. runs the higher net margin — 24.0% vs -14.1%, a 38.1% gap on every dollar of revenue. On growth, NovoCure Ltd posted the faster year-over-year revenue change (8.1% vs 0.8%). Stellar Bancorp, Inc. produced more free cash flow last quarter ($92.6M vs $-22.9M). Over the past eight quarters, NovoCure Ltd's revenue compounded faster (12.2% CAGR vs 0.2%).

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.

Stellar Bancorp, Inc. is a United States-based financial holding company that operates via its wholly-owned banking subsidiary. It provides a full suite of retail and commercial banking services, including deposit products, personal and commercial loans, mortgage services, and wealth management solutions, serving individual consumers, small businesses, and regional corporate clients.

NVCR vs STEL — Head-to-Head

Bigger by revenue
NVCR
NVCR
1.6× larger
NVCR
$174.3M
$108.9M
STEL
Growing faster (revenue YoY)
NVCR
NVCR
+7.3% gap
NVCR
8.1%
0.8%
STEL
Higher net margin
STEL
STEL
38.1% more per $
STEL
24.0%
-14.1%
NVCR
More free cash flow
STEL
STEL
$115.5M more FCF
STEL
$92.6M
$-22.9M
NVCR
Faster 2-yr revenue CAGR
NVCR
NVCR
Annualised
NVCR
12.2%
0.2%
STEL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NVCR
NVCR
STEL
STEL
Revenue
$174.3M
$108.9M
Net Profit
$-24.5M
$26.1M
Gross Margin
75.8%
Operating Margin
-23.2%
29.0%
Net Margin
-14.1%
24.0%
Revenue YoY
8.1%
0.8%
Net Profit YoY
62.8%
3.7%
EPS (diluted)
$-0.22
$0.52

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.

Revenue
NVCR
NVCR
STEL
STEL
Q4 25
$174.3M
$108.9M
Q3 25
$167.2M
$105.6M
Q2 25
$158.8M
$104.1M
Q1 25
$155.0M
$104.8M
Q4 24
$161.3M
$108.0M
Q3 24
$155.1M
$107.8M
Q2 24
$150.4M
$106.8M
Q1 24
$138.5M
$108.4M
Net Profit
NVCR
NVCR
STEL
STEL
Q4 25
$-24.5M
$26.1M
Q3 25
$-37.3M
$25.7M
Q2 25
$-40.1M
$26.4M
Q1 25
$-34.3M
$24.7M
Q4 24
$-65.9M
$25.2M
Q3 24
$-30.6M
$33.9M
Q2 24
$-33.4M
$29.8M
Q1 24
$-38.8M
$26.1M
Gross Margin
NVCR
NVCR
STEL
STEL
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%
Operating Margin
NVCR
NVCR
STEL
STEL
Q4 25
-23.2%
29.0%
Q3 25
-21.5%
30.5%
Q2 25
-24.9%
31.7%
Q1 25
-24.4%
29.6%
Q4 24
-39.3%
29.4%
Q3 24
-20.7%
39.6%
Q2 24
-22.3%
35.1%
Q1 24
-30.0%
30.4%
Net Margin
NVCR
NVCR
STEL
STEL
Q4 25
-14.1%
24.0%
Q3 25
-22.3%
24.3%
Q2 25
-25.3%
25.3%
Q1 25
-22.1%
23.6%
Q4 24
-40.9%
23.3%
Q3 24
-19.7%
31.4%
Q2 24
-22.2%
27.9%
Q1 24
-28.0%
24.1%
EPS (diluted)
NVCR
NVCR
STEL
STEL
Q4 25
$-0.22
$0.52
Q3 25
$-0.33
$0.50
Q2 25
$-0.36
$0.51
Q1 25
$-0.31
$0.46
Q4 24
$-0.61
$0.47
Q3 24
$-0.28
$0.63
Q2 24
$-0.31
$0.56
Q1 24
$-0.36
$0.49

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NVCR
NVCR
STEL
STEL
Cash + ST InvestmentsLiquidity on hand
$93.5M
$419.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$340.5M
$1.7B
Total Assets
$804.3M
$10.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVCR
NVCR
STEL
STEL
Q4 25
$93.5M
$419.5M
Q3 25
$342.1M
$728.4M
Q2 25
$149.6M
$578.1M
Q1 25
$127.3M
$560.6M
Q4 24
$163.8M
$911.2M
Q3 24
$185.4M
$516.2M
Q2 24
$164.8M
$490.3M
Q1 24
$453.8M
$399.7M
Stockholders' Equity
NVCR
NVCR
STEL
STEL
Q4 25
$340.5M
$1.7B
Q3 25
$341.3M
$1.7B
Q2 25
$349.4M
$1.6B
Q1 25
$362.0M
$1.6B
Q4 24
$360.2M
$1.6B
Q3 24
$360.8M
$1.6B
Q2 24
$361.8M
$1.6B
Q1 24
$359.4M
$1.5B
Total Assets
NVCR
NVCR
STEL
STEL
Q4 25
$804.3M
$10.8B
Q3 25
$1.4B
$10.6B
Q2 25
$1.2B
$10.5B
Q1 25
$1.2B
$10.4B
Q4 24
$1.2B
$10.9B
Q3 24
$1.2B
$10.6B
Q2 24
$1.2B
$10.7B
Q1 24
$1.1B
$10.7B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NVCR
NVCR
STEL
STEL
Operating Cash FlowLast quarter
$-18.0M
$97.0M
Free Cash FlowOCF − Capex
$-22.9M
$92.6M
FCF MarginFCF / Revenue
-13.1%
85.0%
Capex IntensityCapex / Revenue
2.8%
4.0%
Cash ConversionOCF / Net Profit
3.71×
TTM Free Cash FlowTrailing 4 quarters
$-75.7M
$173.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVCR
NVCR
STEL
STEL
Q4 25
$-18.0M
$97.0M
Q3 25
$20.6M
$63.6M
Q2 25
$-15.9M
$25.8M
Q1 25
$-35.7M
$-5.7M
Q4 24
$-3.5M
$132.6M
Q3 24
$10.4M
$59.5M
Q2 24
$-1.7M
$38.1M
Q1 24
$-31.6M
$31.1M
Free Cash Flow
NVCR
NVCR
STEL
STEL
Q4 25
$-22.9M
$92.6M
Q3 25
$14.9M
$62.5M
Q2 25
$-21.4M
$24.5M
Q1 25
$-46.3M
$-6.4M
Q4 24
$-12.4M
$128.0M
Q3 24
$-307.0K
$57.7M
Q2 24
$-13.2M
$37.1M
Q1 24
$-43.4M
$30.5M
FCF Margin
NVCR
NVCR
STEL
STEL
Q4 25
-13.1%
85.0%
Q3 25
8.9%
59.2%
Q2 25
-13.5%
23.6%
Q1 25
-29.9%
-6.2%
Q4 24
-7.7%
118.5%
Q3 24
-0.2%
53.5%
Q2 24
-8.8%
34.8%
Q1 24
-31.3%
28.2%
Capex Intensity
NVCR
NVCR
STEL
STEL
Q4 25
2.8%
4.0%
Q3 25
3.4%
1.1%
Q2 25
3.5%
1.2%
Q1 25
6.8%
0.7%
Q4 24
5.5%
4.3%
Q3 24
6.9%
1.7%
Q2 24
7.6%
0.9%
Q1 24
8.5%
0.5%
Cash Conversion
NVCR
NVCR
STEL
STEL
Q4 25
3.71×
Q3 25
2.48×
Q2 25
0.98×
Q1 25
-0.23×
Q4 24
5.26×
Q3 24
1.76×
Q2 24
1.28×
Q1 24
1.19×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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