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Stock Comparison

OCUL vs NVCR

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

Live fundamentals10-year financials5-year price chart
OCUL
Ocular Therapeutix, Inc.

Biotechnology

HealthcareNASDAQ • US
Market Cap$2.12B
5Y Perf.+37.5%
NVCR
NovoCure Limited

Medical - Instruments & Supplies

HealthcareNASDAQ • JE
Market Cap$1.92B
5Y Perf.-75.0%

OCUL vs NVCR — Key Financials

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

Company Snapshot
OCUL logoOCUL
NVCR logoNVCR
IndustryBiotechnologyMedical - Instruments & Supplies
Market Cap$2.12B$1.92B
Revenue (TTM)$52M$674M
Net Income (TTM)$-290M$-173M
Gross Margin87.2%75.2%
Operating Margin-5.8%-27.2%
Total Debt$80M$290M
Cash & Equiv.$737M$103M

OCUL vs NVCRLong-Term Stock Performance

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

OCUL
NVCR
StockMay 20May 26Return
Ocular Therapeutix,… (OCUL)100137.5+37.5%
NovoCure Limited (NVCR)10025.0-75.0%

Price return only. Dividends and distributions are not included.

Quick Verdict: OCUL vs NVCR

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

Bottom line: NVCR leads in 3 of 6 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Ocular Therapeutix, Inc. is the stronger pick specifically for capital preservation and lower volatility and recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
OCUL
Ocular Therapeutix, Inc.
The Income Pick

OCUL is the clearest fit if your priority is income & stability and sleep-well-at-night.

  • beta 1.27
  • Lower volatility, beta 1.27, Low D/E 12.2%, current ratio 15.39x
  • Beta 1.27, current ratio 15.39x
Best for: income & stability and sleep-well-at-night
NVCR
NovoCure Limited
The Growth Play

NVCR carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.

  • Rev growth 8.3%, EPS growth 21.8%, 3Y rev CAGR 6.8%
  • 30.3% 10Y total return vs OCUL's -10.6%
  • 8.3% revenue growth vs OCUL's -18.7%
Best for: growth exposure and long-term compounding
See the full category breakdown
CategoryWinnerWhy
GrowthNVCR logoNVCR8.3% revenue growth vs OCUL's -18.7%
Quality / MarginsNVCR logoNVCR-25.7% margin vs OCUL's -5.6%
Stability / SafetyOCUL logoOCULBeta 1.27 vs NVCR's 2.20, lower leverage
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)OCUL logoOCUL+37.3% vs NVCR's +1.1%
Efficiency (ROA)NVCR logoNVCR-16.5% ROA vs OCUL's -48.4%

OCUL vs NVCR — Revenue Breakdown by Segment

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

OCULOcular Therapeutix, Inc.
FY 2025
Product
99.8%$52M
Collaboration revenue
0.2%$128,000
NVCRNovoCure Limited

Segment breakdown not available.

OCUL vs NVCR — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLNVCRLAGGINGOCUL

Income & Cash Flow (Last 12 Months)

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

NVCR is the larger business by revenue, generating $674M annually — 13.0x OCUL's $52M. Profitability is closely matched — net margins range from -25.7% (NVCR) to -5.6% (OCUL). On growth, NVCR holds the edge at +12.3% YoY revenue growth, suggesting stronger near-term business momentum.

MetricOCUL logoOCULOcular Therapeuti…NVCR logoNVCRNovoCure Limited
RevenueTrailing 12 months$52M$674M
EBITDAEarnings before interest/tax-$295M-$165M
Net IncomeAfter-tax profit-$290M-$173M
Free Cash FlowCash after capex-$241M-$48M
Gross MarginGross profit ÷ Revenue+87.2%+75.2%
Operating MarginEBIT ÷ Revenue-5.8%-27.2%
Net MarginNet income ÷ Revenue-5.6%-25.7%
FCF MarginFCF ÷ Revenue-4.6%-7.1%
Rev. Growth (YoY)Latest quarter vs prior year+0.8%+12.3%
EPS Growth (YoY)Latest quarter vs prior year-5.3%-100.0%
NVCR leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

NVCR leads this category, winning 2 of 3 comparable metrics.
MetricOCUL logoOCULOcular Therapeuti…NVCR logoNVCRNovoCure Limited
Market CapShares × price$2.1B$1.9B
Enterprise ValueMkt cap + debt − cash$1.5B$2.1B
Trailing P/EPrice ÷ TTM EPS-6.82x-13.80x
Forward P/EPrice ÷ next-FY EPS est.
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple
Price / SalesMarket cap ÷ Revenue40.90x2.92x
Price / BookPrice ÷ Book value/share2.77x5.51x
Price / FCFMarket cap ÷ FCF
NVCR leads this category, winning 2 of 3 comparable metrics.

Profitability & Efficiency

Evenly matched — OCUL and NVCR each lead in 4 of 8 comparable metrics.

NVCR delivers a -50.8% return on equity — every $100 of shareholder capital generates $-51 in annual profit, vs $-65 for OCUL. OCUL carries lower financial leverage with a 0.12x debt-to-equity ratio, signaling a more conservative balance sheet compared to NVCR's 0.85x. On the Piotroski fundamental quality scale (0–9), NVCR scores 5/9 vs OCUL's 4/9, reflecting solid financial health.

MetricOCUL logoOCULOcular Therapeuti…NVCR logoNVCRNovoCure Limited
ROE (TTM)Return on equity-64.6%-50.8%
ROA (TTM)Return on assets-48.4%-16.5%
ROICReturn on invested capital-16.4%
ROCEReturn on capital employed-46.0%-28.9%
Piotroski ScoreFundamental quality 0–945
Debt / EquityFinancial leverage0.12x0.85x
Net DebtTotal debt minus cash-$657M$187M
Cash & Equiv.Liquid assets$737M$103M
Total DebtShort + long-term debt$80M$290M
Interest CoverageEBIT ÷ Interest expense-24.63x-96.80x
Evenly matched — OCUL and NVCR each lead in 4 of 8 comparable metrics.

Total Returns (Dividends Reinvested)

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

A $10,000 investment in OCUL five years ago would be worth $5,957 today (with dividends reinvested), compared to $875 for NVCR. Over the past 12 months, OCUL leads with a +37.3% total return vs NVCR's +1.1%. The 3-year compound annual growth rate (CAGR) favors OCUL at 14.8% vs NVCR's -37.6% — a key indicator of consistent wealth creation.

MetricOCUL logoOCULOcular Therapeuti…NVCR logoNVCRNovoCure Limited
YTD ReturnYear-to-date-18.1%+28.3%
1-Year ReturnPast 12 months+37.3%+1.1%
3-Year ReturnCumulative with dividends+51.2%-75.7%
5-Year ReturnCumulative with dividends-40.4%-91.3%
10-Year ReturnCumulative with dividends-10.6%+30.3%
CAGR (3Y)Annualised 3-year return+14.8%-37.6%
OCUL leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

Evenly matched — OCUL and NVCR each lead in 1 of 2 comparable metrics.

OCUL is the less volatile stock with a 1.27 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. NVCR currently trades 83.9% from its 52-week high vs OCUL's 58.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricOCUL logoOCULOcular Therapeuti…NVCR logoNVCRNovoCure Limited
Beta (5Y)Sensitivity to S&P 5001.27x2.20x
52-Week HighHighest price in past year$16.44$20.06
52-Week LowLowest price in past year$6.23$9.82
% of 52W HighCurrent price vs 52-week peak+58.9%+83.9%
RSI (14)Momentum oscillator 0–10058.369.8
Avg Volume (50D)Average daily shares traded4.0M1.5M
Evenly matched — OCUL and NVCR each lead in 1 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Wall Street rates OCUL as "Buy" and NVCR as "Buy". Consensus price targets imply 163.4% upside for OCUL (target: $26) vs 99.0% for NVCR (target: $34).

MetricOCUL logoOCULOcular Therapeuti…NVCR logoNVCRNovoCure Limited
Analyst RatingConsensus buy/hold/sellBuyBuy
Price TargetConsensus 12-month target$25.50$33.50
# AnalystsCovering analysts1815
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

NVCR leads in 2 of 6 categories (Income & Cash Flow, Valuation Metrics). OCUL leads in 1 (Total Returns). 2 tied.

Best OverallNovoCure Limited (NVCR)Leads 2 of 6 categories
Loading custom metrics...

OCUL vs NVCR: Frequently Asked Questions

8 questions · data-driven answers · updated daily

01

Is OCUL or NVCR a better buy right now?

For growth investors, NovoCure Limited (NVCR) is the stronger pick with 8.

3% revenue growth year-over-year, versus -18. 7% for Ocular Therapeutix, Inc. (OCUL). Analysts rate Ocular Therapeutix, Inc. (OCUL) a "Buy" — based on 18 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 — OCUL or NVCR?

Over the past 5 years, Ocular Therapeutix, Inc.

(OCUL) delivered a total return of -40. 4%, compared to -91. 3% for NovoCure Limited (NVCR). Over 10 years, the gap is even starker: NVCR returned +30. 3% versus OCUL's -10. 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 — OCUL or NVCR?

By beta (market sensitivity over 5 years), Ocular Therapeutix, Inc.

(OCUL) is the lower-risk stock at 1. 27β versus NovoCure Limited's 2. 20β — meaning NVCR is approximately 74% more volatile than OCUL relative to the S&P 500. On balance sheet safety, Ocular Therapeutix, Inc. (OCUL) carries a lower debt/equity ratio of 12% versus 85% for NovoCure Limited — giving it more financial flexibility in a downturn.

04

Which is growing faster — OCUL or NVCR?

By revenue growth (latest reported year), NovoCure Limited (NVCR) is pulling ahead at 8.

3% versus -18. 7% for Ocular Therapeutix, Inc. (OCUL). On earnings-per-share growth, the picture is similar: NovoCure Limited grew EPS 21. 8% year-over-year, compared to -16. 4% for Ocular Therapeutix, Inc.. Over a 3-year CAGR, NVCR leads at 6. 8% 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 — OCUL or NVCR?

NovoCure Limited (NVCR) is the more profitable company, earning -20.

8% net margin versus -513. 2% for Ocular Therapeutix, Inc. — meaning it keeps -20. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NVCR leads at -23. 5% versus -521. 0% for OCUL. At the gross margin level — before operating expenses — OCUL leads at 87. 3%, 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

Which pays a better dividend — OCUL 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.

07

Is OCUL or NVCR better for a retirement portfolio?

For long-horizon retirement investors, Ocular Therapeutix, Inc.

(OCUL) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 27)). 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 (OCUL: -10. 6%, NVCR: +30. 3%), 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.

08

What are the main differences between OCUL 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.

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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OCUL

Quality Business

  • Sector: Healthcare
  • Market Cap > $100B
  • Gross Margin > 52%
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NVCR

Quality Business

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 6%
  • Gross Margin > 45%
Run This Screen
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Revenue Growth>
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(OCUL: 0.8% · NVCR: 12.3%)

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