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Stock Comparison

NBTX vs ARAY vs ISRG vs NVCR

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
NBTX
Nanobiotix S.A.

Biotechnology

HealthcareNASDAQ • FR
Market Cap$2.06B
5Y Perf.+158.2%
ARAY
Accuray Incorporated

Medical - Devices

HealthcareNASDAQ • US
Market Cap$35M
5Y Perf.-93.0%
ISRG
Intuitive Surgical, Inc.

Medical - Instruments & Supplies

HealthcareNASDAQ • US
Market Cap$161.07B
5Y Perf.+66.3%
NVCR
NovoCure Limited

Medical - Instruments & Supplies

HealthcareNASDAQ • JE
Market Cap$1.92B
5Y Perf.-90.3%

NBTX vs ARAY vs ISRG vs NVCR — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
NBTX logoNBTX
ARAY logoARAY
ISRG logoISRG
NVCR logoNVCR
IndustryBiotechnologyMedical - DevicesMedical - Instruments & SuppliesMedical - Instruments & Supplies
Market Cap$2.06B$35M$161.07B$1.92B
Revenue (TTM)$48M$429M$10.58B$674M
Net Income (TTM)$-85M$-46M$2.98B$-173M
Gross Margin100.0%26.8%66.3%75.2%
Operating Margin-143.9%-5.1%30.5%-27.2%
Forward P/E43.8x
Total Debt$51M$176M$303M$290M
Cash & Equiv.$50M$57M$3.37B$103M

NBTX vs ARAY vs ISRG vs NVCRLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

NBTX
ARAY
ISRG
NVCR
StockDec 20May 26Return
Nanobiotix S.A. (NBTX)100258.2+158.2%
Accuray Incorporated (ARAY)1007.0-93.0%
Intuitive Surgical,… (ISRG)100166.3+66.3%
NovoCure Limited (NVCR)1009.7-90.3%

Price return only. Dividends and distributions are not included.

Quick Verdict: NBTX vs ARAY vs ISRG vs NVCR

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: ISRG leads in 4 of 6 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Nanobiotix S.A. is the stronger pick specifically for recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
NBTX
Nanobiotix S.A.
The Momentum Pick

NBTX is the #2 pick in this set and the best alternative if momentum is your priority.

  • +11.9% vs ARAY's -78.4%
Best for: momentum
ARAY
Accuray Incorporated
The Specific-Use Pick

ARAY plays a supporting role in this comparison — it may shine differently against other peers.

Best for: healthcare exposure
ISRG
Intuitive Surgical, Inc.
The Income Pick

ISRG carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.

  • beta 1.02
  • Rev growth 20.5%, EPS growth 22.6%, 3Y rev CAGR 17.4%
  • 5.5% 10Y total return vs NBTX's 150.9%
  • Lower volatility, beta 1.02, Low D/E 1.7%, current ratio 4.87x
Best for: income & stability and growth exposure
NVCR
NovoCure Limited
The Secondary Option

NVCR lags the leaders in this set but could rank higher in a more targeted comparison.

Best for: healthcare exposure
See the full category breakdown
CategoryWinnerWhy
GrowthISRG logoISRG20.5% revenue growth vs NBTX's -132.1%
Quality / MarginsISRG logoISRG28.2% margin vs NBTX's -177.5%
Stability / SafetyISRG logoISRGBeta 1.02 vs ARAY's 2.42, lower leverage
DividendsTieNone of these 4 stocks pay a meaningful dividend
Momentum (1Y)NBTX logoNBTX+11.9% vs ARAY's -78.4%
Efficiency (ROA)ISRG logoISRG14.8% ROA vs NBTX's -188.4%

NBTX vs ARAY vs ISRG vs NVCR — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

NBTXNanobiotix S.A.
FY 2024
Other Sales
0.0%$6M
Services
0.0%$-17,534,000
ARAYAccuray Incorporated
FY 2025
Product
51.8%$238M
Service
48.2%$221M
ISRGIntuitive Surgical, Inc.
FY 2025
Instruments and Accessories
59.8%$6.0B
Systems
24.6%$2.5B
Services
15.6%$1.6B
NVCRNovoCure Limited

Segment breakdown not available.

NBTX vs ARAY vs ISRG vs NVCR — Financial Metrics

Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLNBTXLAGGINGNVCR

Income & Cash Flow (Last 12 Months)

Evenly matched — NBTX and ISRG each lead in 3 of 6 comparable metrics.

ISRG is the larger business by revenue, generating $10.6B annually — 220.7x NBTX's $48M. ISRG is the more profitable business, keeping 28.2% of every revenue dollar as net income compared to NBTX's -177.5%. On growth, NBTX holds the edge at +186.8% YoY revenue growth, suggesting stronger near-term business momentum.

MetricNBTX logoNBTXNanobiotix S.A.ARAY logoARAYAccuray Incorpora…ISRG logoISRGIntuitive Surgica…NVCR logoNVCRNovoCure Limited
RevenueTrailing 12 months$48M$429M$10.6B$674M
EBITDAEarnings before interest/tax-$67M-$15M$3.8B-$165M
Net IncomeAfter-tax profit-$85M-$46M$3.0B-$173M
Free Cash FlowCash after capex-$33M-$28M$2.8B-$48M
Gross MarginGross profit ÷ Revenue+100.0%+26.8%+66.3%+75.2%
Operating MarginEBIT ÷ Revenue-143.9%-5.1%+30.5%-27.2%
Net MarginNet income ÷ Revenue-177.5%-10.8%+28.2%-25.7%
FCF MarginFCF ÷ Revenue-69.2%-6.5%+26.8%-7.1%
Rev. Growth (YoY)Latest quarter vs prior year+186.8%-7.4%+23.0%+12.3%
EPS Growth (YoY)Latest quarter vs prior year+76.1%-6.1%+18.8%-100.0%
Evenly matched — NBTX and ISRG each lead in 3 of 6 comparable metrics.

Valuation Metrics

ARAY leads this category, winning 3 of 4 comparable metrics.

On an enterprise value basis, ARAY's 11.0x EV/EBITDA is more attractive than ISRG's 43.6x.

MetricNBTX logoNBTXNanobiotix S.A.ARAY logoARAYAccuray Incorpora…ISRG logoISRGIntuitive Surgica…NVCR logoNVCRNovoCure Limited
Market CapShares × price$2.1B$35M$161.1B$1.9B
Enterprise ValueMkt cap + debt − cash$2.1B$154M$158.0B$2.1B
Trailing P/EPrice ÷ TTM EPS-25.18x-18.91x57.62x-13.80x
Forward P/EPrice ÷ next-FY EPS est.43.84x
PEG RatioP/E ÷ EPS growth rate2.65x
EV / EBITDAEnterprise value multiple10.99x43.62x
Price / SalesMarket cap ÷ Revenue0.08x16.00x2.92x
Price / BookPrice ÷ Book value/share0.37x9.17x5.51x
Price / FCFMarket cap ÷ FCF64.67x
ARAY leads this category, winning 3 of 4 comparable metrics.

Profitability & Efficiency

ISRG leads this category, winning 7 of 9 comparable metrics.

ISRG delivers a 16.9% return on equity — every $100 of shareholder capital generates $17 in annual profit, vs $-77 for ARAY. ISRG carries lower financial leverage with a 0.02x debt-to-equity ratio, signaling a more conservative balance sheet compared to ARAY's 2.17x. On the Piotroski fundamental quality scale (0–9), ARAY scores 6/9 vs NBTX's 1/9, reflecting solid financial health.

MetricNBTX logoNBTXNanobiotix S.A.ARAY logoARAYAccuray Incorpora…ISRG logoISRGIntuitive Surgica…NVCR logoNVCRNovoCure Limited
ROE (TTM)Return on equity-77.5%+16.9%-50.8%
ROA (TTM)Return on assets-188.4%-10.1%+14.8%-16.5%
ROICReturn on invested capital+3.0%+15.0%-16.4%
ROCEReturn on capital employed-2.6%+2.8%+16.5%-28.9%
Piotroski ScoreFundamental quality 0–91665
Debt / EquityFinancial leverage2.17x0.02x0.85x
Net DebtTotal debt minus cash$1M$119M-$3.1B$187M
Cash & Equiv.Liquid assets$50M$57M$3.4B$103M
Total DebtShort + long-term debt$51M$176M$303M$290M
Interest CoverageEBIT ÷ Interest expense-3.83x-1.86x-96.80x
ISRG leads this category, winning 7 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

NBTX leads this category, winning 5 of 6 comparable metrics.

A $10,000 investment in NBTX five years ago would be worth $28,294 today (with dividends reinvested), compared to $606 for ARAY. Over the past 12 months, NBTX leads with a +1191.2% total return vs ARAY's -78.4%. The 3-year compound annual growth rate (CAGR) favors NBTX at 99.6% vs ARAY's -56.6% — a key indicator of consistent wealth creation.

MetricNBTX logoNBTXNanobiotix S.A.ARAY logoARAYAccuray Incorpora…ISRG logoISRGIntuitive Surgica…NVCR logoNVCRNovoCure Limited
YTD ReturnYear-to-date+92.5%-65.5%-19.3%+28.3%
1-Year ReturnPast 12 months+1191.2%-78.4%-15.4%+1.1%
3-Year ReturnCumulative with dividends+695.0%-91.8%+49.6%-75.7%
5-Year ReturnCumulative with dividends+182.9%-93.9%+58.7%-91.3%
10-Year ReturnCumulative with dividends+150.9%-94.5%+554.2%+30.3%
CAGR (3Y)Annualised 3-year return+99.6%-56.6%+14.4%-37.6%
NBTX leads this category, winning 5 of 6 comparable metrics.

Risk & Volatility

Evenly matched — NBTX and ISRG each lead in 1 of 2 comparable metrics.

ISRG is the less volatile stock with a 1.02 beta — it tends to amplify market swings less than ARAY's 2.42 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. NBTX currently trades 95.8% from its 52-week high vs ARAY's 14.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricNBTX logoNBTXNanobiotix S.A.ARAY logoARAYAccuray Incorpora…ISRG logoISRGIntuitive Surgica…NVCR logoNVCRNovoCure Limited
Beta (5Y)Sensitivity to S&P 5001.81x2.42x1.02x2.20x
52-Week HighHighest price in past year$44.46$2.10$603.88$20.06
52-Week LowLowest price in past year$3.26$0.28$427.84$9.82
% of 52W HighCurrent price vs 52-week peak+95.8%+14.0%+75.1%+83.9%
RSI (14)Momentum oscillator 0–10068.258.442.469.8
Avg Volume (50D)Average daily shares traded75K1.4M1.8M1.5M
Evenly matched — NBTX and ISRG each lead in 1 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Analyst consensus: NBTX as "Buy", ISRG as "Buy", NVCR as "Buy". Consensus price targets imply 99.0% upside for NVCR (target: $34) vs -34.3% for NBTX (target: $28).

MetricNBTX logoNBTXNanobiotix S.A.ARAY logoARAYAccuray Incorpora…ISRG logoISRGIntuitive Surgica…NVCR logoNVCRNovoCure Limited
Analyst RatingConsensus buy/hold/sellBuyBuyBuy
Price TargetConsensus 12-month target$28.00$622.60$33.50
# AnalystsCovering analysts25515
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%+1.4%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

ARAY leads in 1 of 6 categories (Valuation Metrics). ISRG leads in 1 (Profitability & Efficiency). 2 tied.

Best OverallNanobiotix S.A. (NBTX)Leads 1 of 6 categories
Loading custom metrics...

NBTX vs ARAY vs ISRG vs NVCR: Key Questions Answered

9 questions · data-driven answers · updated daily

01

Is NBTX or ARAY or ISRG or NVCR a better buy right now?

For growth investors, Intuitive Surgical, Inc.

(ISRG) is the stronger pick with 20. 5% revenue growth year-over-year, versus -132. 1% for Nanobiotix S. A. (NBTX). Intuitive Surgical, Inc. (ISRG) offers the better valuation at 57. 6x trailing P/E (43. 8x forward), making it the more compelling value choice. Analysts rate Nanobiotix S. A. (NBTX) a "Buy" — based on 2 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which is the better long-term investment — NBTX or ARAY or ISRG or NVCR?

Over the past 5 years, Nanobiotix S.

A. (NBTX) delivered a total return of +182. 9%, compared to -93. 9% for Accuray Incorporated (ARAY). Over 10 years, the gap is even starker: ISRG returned +554. 2% versus ARAY's -94. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

03

Which is safer — NBTX or ARAY or ISRG or NVCR?

By beta (market sensitivity over 5 years), Intuitive Surgical, Inc.

(ISRG) is the lower-risk stock at 1. 02β versus Accuray Incorporated's 2. 42β — meaning ARAY is approximately 138% more volatile than ISRG relative to the S&P 500. On balance sheet safety, Intuitive Surgical, Inc. (ISRG) carries a lower debt/equity ratio of 2% versus 2% for Accuray Incorporated — giving it more financial flexibility in a downturn.

04

Which is growing faster — NBTX or ARAY or ISRG or NVCR?

By revenue growth (latest reported year), Intuitive Surgical, Inc.

(ISRG) is pulling ahead at 20. 5% versus -132. 1% for Nanobiotix S. A. (NBTX). On earnings-per-share growth, the picture is similar: Accuray Incorporated grew EPS 90. 3% year-over-year, compared to -33. 3% for Nanobiotix S. A.. Over a 3-year CAGR, ISRG leads at 17. 4% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

05

Which has better profit margins — NBTX or ARAY or ISRG or NVCR?

Nanobiotix S.

A. (NBTX) is the more profitable company, earning 586. 9% net margin versus -20. 8% for NovoCure Limited — meaning it keeps 586. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NBTX leads at 589. 1% versus -23. 5% for NVCR. At the gross margin level — before operating expenses — NBTX leads at 100. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

06

Is NBTX or ARAY or ISRG or NVCR more undervalued right now?

Analyst consensus price targets imply the most upside for NVCR: 99.

0% to $33. 50.

07

Which pays a better dividend — NBTX or ARAY or ISRG or NVCR?

None of the stocks in this comparison currently pay a material dividend.

All are effectively zero-yield and should be held for capital appreciation rather than income.

08

Is NBTX or ARAY or ISRG or NVCR better for a retirement portfolio?

For long-horizon retirement investors, Intuitive Surgical, Inc.

(ISRG) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 02), +554. 2% 10Y return). Accuray Incorporated (ARAY) carries a higher beta of 2. 42 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (ISRG: +554. 2%, ARAY: -94. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

09

What are the main differences between NBTX and ARAY and ISRG and NVCR?

Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: NBTX is a small-cap quality compounder stock; ARAY is a small-cap quality compounder stock; ISRG is a mid-cap high-growth stock; NVCR is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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NBTX

High-Growth Disruptor

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 93%
  • Gross Margin > 60%
Run This Screen
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ARAY

Quality Business

  • Sector: Healthcare
  • Market Cap > $100B
  • Gross Margin > 16%
Run This Screen
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ISRG

High-Growth Quality Leader

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 11%
  • Net Margin > 16%
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NVCR

Quality Business

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 6%
  • Gross Margin > 45%
Run This Screen
Custom Screen

Beat Both

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(NBTX: 186.8% · ARAY: -7.4%)

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