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Inspire Medical Systems vs NovoCure: INSP and NVCR compared

Inspire Medical Systems is the larger company: $207M of revenue in its latest quarter (Q3 2026) against $193M for NovoCure (Q3 2026). NovoCure is growing faster (+16% against -8% a year earlier). NovoCure is more profitable, with an operating margin of -3.2% against -13.9%.

Inspire Medical Systems vs NovoCure, latest quarterInspire Medical Systems vs NovoCure, latest quarterInspire Medical Systems (INSP)NovoCure (NVCR)Revenue$207M$193MRevenue growth, Y/Y-8%+16%Operating margin-13.9%-3.2%Net margin-11.8%-5.4%Free cash flow$38.9M$15.7M

Where the money goes: INSP and NVCR

Inspire Medical Systems (INSP) · Q3 2026

Inspire Medical Systems, Q3 2026: revenue $207M (-8% year over year), operating margin -13.9%, net loss $24.4M, operating cash flow $46.4M. The chart follows the revenue to costs, profit and cash.

NovoCure (NVCR) · Q3 2026

NovoCure, Q3 2026: revenue $193M (+16% year over year), operating margin -3.2%, net loss $10.4M, operating cash flow $22.7M. The chart follows the revenue to costs, profit and cash.

Inspire Medical Systems (INSP)NovoCure (NVCR)
Latest quarterQ3 2026Q3 2026
Revenue$207M$193M
Revenue growth, Y/Y-8%+16%
Operating margin-13.9%-3.2%
Net earnings−$24.4M−$10.4M
Net margin-11.8%-5.4%
Operating cash flow$46.4M$22.7M
Free cash flow$38.9M$15.7M
Market value$2.0B—
P/E20.6×—
Analysts’ mean target$69.62—

Questions

Which is bigger, Inspire Medical Systems or NovoCure?

Inspire Medical Systems is the larger company: $207M of revenue in its latest quarter (Q3 2026) against $193M for NovoCure (Q3 2026).

Is Inspire Medical Systems or NovoCure growing faster?

NovoCure is growing faster (+16% against -8% a year earlier).

Which is more profitable, Inspire Medical Systems or NovoCure?

NovoCure is more profitable, with an operating margin of -3.2% against -13.9%.

More: Inspire Medical Systems earnings · how Inspire Medical Systems makes money · NovoCure earnings · how NovoCure makes money

From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 2, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.