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Stock Comparison

NVCR vs NKTR vs RCUS vs IMVT vs HALO

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

Live fundamentals10-year financials5-year price chart
NVCR
NovoCure Limited

Medical - Instruments & Supplies

HealthcareNASDAQ • JE
Market Cap$1.88B
5Y Perf.-75.5%
NKTR
Nektar Therapeutics

Biotechnology

HealthcareNASDAQ • US
Market Cap$1.67B
5Y Perf.-73.9%
RCUS
Arcus Biosciences, Inc.

Biotechnology

HealthcareNYSE • US
Market Cap$2.62B
5Y Perf.-17.1%
IMVT
Immunovant, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$5.83B
5Y Perf.+11.7%
HALO
Halozyme Therapeutics, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$7.81B
5Y Perf.+173.4%

NVCR vs NKTR vs RCUS vs IMVT vs HALO — Key Financials

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

Company Snapshot
NVCR logoNVCR
NKTR logoNKTR
RCUS logoRCUS
IMVT logoIMVT
HALO logoHALO
IndustryMedical - Instruments & SuppliesBiotechnologyBiotechnologyBiotechnologyBiotechnology
Market Cap$1.88B$1.67B$2.62B$5.83B$7.81B
Revenue (TTM)$674M$63M$236M$0.00$1.40B
Net Income (TTM)$-173M$-121M$-369M$-464M$317M
Gross Margin75.2%86.9%90.7%81.9%
Operating Margin-27.2%-156.5%-168.6%58.4%
Forward P/E8.2x
Total Debt$290M$86M$99M$98K$0.00
Cash & Equiv.$103M$15M$222M$714M$134M

NVCR vs NKTR vs RCUS vs IMVT vs HALOLong-Term Stock Performance

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

NVCR
NKTR
RCUS
IMVT
HALO
StockMay 20May 26Return
NovoCure Limited (NVCR)10024.5-75.5%
Nektar Therapeutics (NKTR)10026.1-73.9%
Arcus Biosciences, … (RCUS)10082.9-17.1%
Immunovant, Inc. (IMVT)100111.7+11.7%
Halozyme Therapeuti… (HALO)100273.4+173.4%

Price return only. Dividends and distributions are not included.

Quick Verdict: NVCR vs NKTR vs RCUS vs IMVT vs HALO

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

Bottom line: HALO leads in 4 of 6 categories (5-stock set), making it the strongest pick for growth and revenue expansion and profitability and margin quality. Nektar Therapeutics 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.
NVCR
NovoCure Limited
The Growth Play

NVCR ranks third and is worth considering specifically for growth exposure.

  • Rev growth 8.3%, EPS growth 21.8%, 3Y rev CAGR 6.8%
Best for: growth exposure
NKTR
Nektar Therapeutics
The Momentum Pick

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

  • +7.8% vs NVCR's +1.0%
Best for: momentum
RCUS
Arcus Biosciences, Inc.
The Healthcare Pick

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

Best for: healthcare exposure
IMVT
Immunovant, Inc.
The Defensive Pick

IMVT is the clearest fit if your priority is sleep-well-at-night and defensive.

  • Lower volatility, beta 1.37, Low D/E 0.0%, current ratio 11.16x
  • Beta 1.37, current ratio 11.16x
Best for: sleep-well-at-night and defensive
HALO
Halozyme Therapeutics, Inc.
The Income Pick

HALO carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.

  • beta 0.56
  • 6.0% 10Y total return vs IMVT's 188.1%
  • 37.6% revenue growth vs NKTR's -43.9%
  • 22.7% margin vs NKTR's -192.9%
Best for: income & stability and long-term compounding
See the full category breakdown
CategoryWinnerWhy
GrowthHALO logoHALO37.6% revenue growth vs NKTR's -43.9%
Quality / MarginsHALO logoHALO22.7% margin vs NKTR's -192.9%
Stability / SafetyHALO logoHALOBeta 0.56 vs NVCR's 2.20
DividendsTieNone of these 5 stocks pay a meaningful dividend
Momentum (1Y)NKTR logoNKTR+7.8% vs NVCR's +1.0%
Efficiency (ROA)HALO logoHALO12.5% ROA vs NKTR's -45.2%, ROIC 73.4% vs -75.2%

NVCR vs NKTR vs RCUS vs IMVT vs HALO — Revenue Breakdown by Segment

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

NVCRNovoCure Limited

Segment breakdown not available.

NKTRNektar Therapeutics
FY 2025
Non Cash Royalty Revenue Related To Sale Of Future Royalties
99.5%$55M
License Collaboration And Other Revenue
0.5%$300,000
RCUSArcus Biosciences, Inc.
FY 2025
License And Development Services
87.4%$221M
Development Services
6.7%$17M
R&D Services
3.2%$8M
License
2.8%$7M
IMVTImmunovant, Inc.

Segment breakdown not available.

HALOHalozyme Therapeutics, Inc.
FY 2025
Royalty
53.6%$868M
Product
23.3%$376M
Collaborative Agreements
9.4%$152M
Bulk rHuPH20
8.2%$133M
Sales-based milestone
4.3%$70M
Upfront Fees
1.1%$18M

NVCR vs NKTR vs RCUS vs IMVT vs HALO — Financial Metrics

Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLHALOLAGGINGIMVT

Income & Cash Flow (Last 12 Months)

HALO leads this category, winning 4 of 6 comparable metrics.

HALO and IMVT operate at a comparable scale, with $1.4B and $0 in trailing revenue. HALO is the more profitable business, keeping 22.7% of every revenue dollar as net income compared to NKTR's -192.9%. On growth, HALO holds the edge at +51.6% YoY revenue growth, suggesting stronger near-term business momentum.

MetricNVCR logoNVCRNovoCure LimitedNKTR logoNKTRNektar Therapeuti…RCUS logoRCUSArcus Biosciences…IMVT logoIMVTImmunovant, Inc.HALO logoHALOHalozyme Therapeu…
RevenueTrailing 12 months$674M$63M$236M$0$1.4B
EBITDAEarnings before interest/tax-$165M-$97M-$391M-$487M$945M
Net IncomeAfter-tax profit-$173M-$121M-$369M-$464M$317M
Free Cash FlowCash after capex-$48M-$190M-$489M-$423M$645M
Gross MarginGross profit ÷ Revenue+75.2%+86.9%+90.7%+81.9%
Operating MarginEBIT ÷ Revenue-27.2%-156.5%-168.6%+58.4%
Net MarginNet income ÷ Revenue-25.7%-192.9%-156.4%+22.7%
FCF MarginFCF ÷ Revenue-7.1%-3.0%-2.1%+46.2%
Rev. Growth (YoY)Latest quarter vs prior year+12.3%-51.1%-39.3%+51.6%
EPS Growth (YoY)Latest quarter vs prior year-100.0%+29.7%+10.5%+19.7%-2.1%
HALO leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

NVCR leads this category, winning 2 of 3 comparable metrics.
MetricNVCR logoNVCRNovoCure LimitedNKTR logoNKTRNektar Therapeuti…RCUS logoRCUSArcus Biosciences…IMVT logoIMVTImmunovant, Inc.HALO logoHALOHalozyme Therapeu…
Market CapShares × price$1.9B$1.7B$2.6B$5.8B$7.8B
Enterprise ValueMkt cap + debt − cash$2.1B$1.7B$2.5B$5.1B$7.7B
Trailing P/EPrice ÷ TTM EPS-13.52x-8.75x-7.90x-10.50x25.92x
Forward P/EPrice ÷ next-FY EPS est.8.23x
PEG RatioP/E ÷ EPS growth rate1.13x
EV / EBITDAEnterprise value multiple8.49x
Price / SalesMarket cap ÷ Revenue2.86x30.28x10.60x5.60x
Price / BookPrice ÷ Book value/share5.40x15.98x4.43x6.14x168.42x
Price / FCFMarket cap ÷ FCF12.12x
NVCR leads this category, winning 2 of 3 comparable metrics.

Profitability & Efficiency

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

HALO delivers a 6.5% return on equity — every $100 of shareholder capital generates $6 in annual profit, vs $-4 for NKTR. IMVT carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to NKTR's 0.95x. On the Piotroski fundamental quality scale (0–9), NVCR scores 5/9 vs RCUS's 0/9, reflecting solid financial health.

MetricNVCR logoNVCRNovoCure LimitedNKTR logoNKTRNektar Therapeuti…RCUS logoRCUSArcus Biosciences…IMVT logoIMVTImmunovant, Inc.HALO logoHALOHalozyme Therapeu…
ROE (TTM)Return on equity-50.8%-3.6%-69.0%-47.1%+6.5%
ROA (TTM)Return on assets-16.5%-45.2%-35.3%-44.1%+12.5%
ROICReturn on invested capital-16.4%-75.2%-64.1%+73.4%
ROCEReturn on capital employed-28.9%-59.7%-42.1%-66.1%+38.2%
Piotroski ScoreFundamental quality 0–952025
Debt / EquityFinancial leverage0.85x0.95x0.16x0.00x
Net DebtTotal debt minus cash$187M$71M-$123M-$714M-$134M
Cash & Equiv.Liquid assets$103M$15M$222M$714M$134M
Total DebtShort + long-term debt$290M$86M$99M$98,000$0
Interest CoverageEBIT ÷ Interest expense-96.80x-3.30x-13.38x46.08x
HALO leads this category, winning 7 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

NKTR leads this category, winning 4 of 6 comparable metrics.

A $10,000 investment in IMVT five years ago would be worth $17,386 today (with dividends reinvested), compared to $852 for NVCR. Over the past 12 months, NKTR leads with a +783.6% total return vs NVCR's +1.0%. The 3-year compound annual growth rate (CAGR) favors NKTR at 94.6% vs NVCR's -38.1% — a key indicator of consistent wealth creation.

MetricNVCR logoNVCRNovoCure LimitedNKTR logoNKTRNektar Therapeuti…RCUS logoRCUSArcus Biosciences…IMVT logoIMVTImmunovant, Inc.HALO logoHALOHalozyme Therapeu…
YTD ReturnYear-to-date+25.7%+96.0%+11.6%+10.7%-5.6%
1-Year ReturnPast 12 months+1.0%+783.6%+220.2%+107.2%+11.7%
3-Year ReturnCumulative with dividends-76.2%+636.7%+31.0%+48.4%+119.1%
5-Year ReturnCumulative with dividends-91.5%-69.4%-13.7%+73.9%+39.1%
10-Year ReturnCumulative with dividends+31.0%-57.6%+52.9%+188.1%+598.4%
CAGR (3Y)Annualised 3-year return-38.1%+94.6%+9.4%+14.1%+29.9%
NKTR leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

Evenly matched — IMVT and HALO each lead in 1 of 2 comparable metrics.

HALO is the less volatile stock with a 0.56 beta — it tends to amplify market swings less than NVCR's 2.20 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. IMVT currently trades 95.3% from its 52-week high vs NKTR's 78.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricNVCR logoNVCRNovoCure LimitedNKTR logoNKTRNektar Therapeuti…RCUS logoRCUSArcus Biosciences…IMVT logoIMVTImmunovant, Inc.HALO logoHALOHalozyme Therapeu…
Beta (5Y)Sensitivity to S&P 5002.20x1.85x1.95x1.37x0.56x
52-Week HighHighest price in past year$20.06$109.00$28.72$30.09$82.22
52-Week LowLowest price in past year$9.82$7.99$7.06$13.36$47.50
% of 52W HighCurrent price vs 52-week peak+82.2%+78.1%+90.5%+95.3%+80.7%
RSI (14)Momentum oscillator 0–10067.552.060.955.750.6
Avg Volume (50D)Average daily shares traded1.6M995K1.2M1.4M1.4M
Evenly matched — IMVT and HALO each lead in 1 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Analyst consensus: NVCR as "Buy", NKTR as "Buy", RCUS as "Buy", IMVT as "Buy", HALO as "Buy". Consensus price targets imply 103.1% upside for NVCR (target: $34) vs 15.4% for RCUS (target: $30).

MetricNVCR logoNVCRNovoCure LimitedNKTR logoNKTRNektar Therapeuti…RCUS logoRCUSArcus Biosciences…IMVT logoIMVTImmunovant, Inc.HALO logoHALOHalozyme Therapeu…
Analyst RatingConsensus buy/hold/sellBuyBuyBuyBuyBuy
Price TargetConsensus 12-month target$33.50$132.83$30.00$45.50$78.33
# AnalystsCovering analysts1533182327
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%0.0%0.0%+4.4%
Insufficient data to determine a leader in this category.
Key Takeaway

HALO leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). NVCR leads in 1 (Valuation Metrics). 1 tied.

Best OverallHalozyme Therapeutics, Inc. (HALO)Leads 2 of 6 categories
Loading custom metrics...

NVCR vs NKTR vs RCUS vs IMVT vs HALO: Key Questions Answered

9 questions · data-driven answers · updated daily

01

Is NVCR or NKTR or RCUS or IMVT or HALO a better buy right now?

For growth investors, Halozyme Therapeutics, Inc.

(HALO) is the stronger pick with 37. 6% revenue growth year-over-year, versus -43. 9% for Nektar Therapeutics (NKTR). Halozyme Therapeutics, Inc. (HALO) offers the better valuation at 25. 9x trailing P/E (8. 2x forward), making it the more compelling value choice. Analysts rate NovoCure Limited (NVCR) a "Buy" — based on 15 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 — NVCR or NKTR or RCUS or IMVT or HALO?

Over the past 5 years, Immunovant, Inc.

(IMVT) delivered a total return of +73. 9%, compared to -91. 5% for NovoCure Limited (NVCR). Over 10 years, the gap is even starker: HALO returned +598. 4% versus NKTR's -57. 6%. 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 — NVCR or NKTR or RCUS or IMVT or HALO?

By beta (market sensitivity over 5 years), Halozyme Therapeutics, Inc.

(HALO) is the lower-risk stock at 0. 56β versus NovoCure Limited's 2. 20β — meaning NVCR is approximately 295% more volatile than HALO relative to the S&P 500. On balance sheet safety, Immunovant, Inc. (IMVT) carries a lower debt/equity ratio of 0% versus 95% for Nektar Therapeutics — giving it more financial flexibility in a downturn.

04

Which is growing faster — NVCR or NKTR or RCUS or IMVT or HALO?

By revenue growth (latest reported year), Halozyme Therapeutics, Inc.

(HALO) is pulling ahead at 37. 6% versus -43. 9% for Nektar Therapeutics (NKTR). On earnings-per-share growth, the picture is similar: NovoCure Limited grew EPS 21. 8% year-over-year, compared to -45. 2% for Immunovant, Inc.. Over a 3-year CAGR, RCUS leads at 30. 2% 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 — NVCR or NKTR or RCUS or IMVT or HALO?

Halozyme Therapeutics, Inc.

(HALO) is the more profitable company, earning 22. 7% net margin versus -297. 1% for Nektar Therapeutics — meaning it keeps 22. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: HALO leads at 58. 4% versus -253. 7% for NKTR. At the gross margin level — before operating expenses — RCUS leads at 96. 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 NVCR or NKTR or RCUS or IMVT or HALO more undervalued right now?

Analyst consensus price targets imply the most upside for NVCR: 103.

1% to $33. 50.

07

Which pays a better dividend — NVCR or NKTR or RCUS or IMVT or HALO?

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 NVCR or NKTR or RCUS or IMVT or HALO better for a retirement portfolio?

For long-horizon retirement investors, Halozyme Therapeutics, Inc.

(HALO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 56), +598. 4% 10Y return). NovoCure Limited (NVCR) carries a higher beta of 2. 20 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (HALO: +598. 4%, NVCR: +31. 0%), 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 NVCR and NKTR and RCUS and IMVT and HALO?

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: NVCR is a small-cap quality compounder stock; NKTR is a small-cap quality compounder stock; RCUS is a small-cap quality compounder stock; IMVT is a small-cap quality compounder stock; HALO is a small-cap high-growth 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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NVCR

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  • Market Cap > $100B
  • Revenue Growth > 6%
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  • Gross Margin > 54%
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  • Sector: Healthcare
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  • Revenue Growth > 25%
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(NVCR: 12.3% · NKTR: -51.1%)

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