Incyte Corporation

INCY

Healthcare Biotechnology

Incyte Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.1 billion, up 21.2% from fiscal 2024.

Revenue
+14.0%
EPS
−277.9%
Free cash flow
−233.0%
Total debt
−10.5%

Quarter to September 2026, against a year earlier

121.89 0.38 −0.31%
Market cap
$24.9B
P/E
58.1×
Fwd P/E
57.3×
Dividend yield
—
F-score
9/9
ROIC
21.6%
Net debt / EBITDA
−2.2×
Dividend safety
n/a

Incyte Corporation (INCY) Debt to equity

Alert me on Debt to equity

Incyte Corporation's debt to equity at the end of the quarter to 30 September 2026 was 0.0×, down 0.0× from fiscal 2025 (0.0×). Over the past ten years it has ranged from 0.0× (fiscal 2023) to 3.6× (fiscal 2015); the current reading is higher than 18% of that period. That is above the Biotechnology industry median of 0.0× and above the Healthcare sector median of 0.0×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.0× (40.21%)
FY2024 0.0× 73.21%
FY2023 0.0× (18.84%)
FY2022 0.0× (17.86%)
FY2021 0.0× (32.80%)
FY2020 0.0× (35.23%)
FY2019 0.0× 112.09%
FY2018 0.0× (38.10%)
FY2017 0.0× (99.05%)
FY2016 1.6× (57.12%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.0× 8.89%
Jun 2026 0.0× (13.46%)
Mar 2026 0.0× (10.34%)
Dec 2025 0.0× (12.12%)
43 more quarters

Against its own ten years

Low 0.0× High 3.6×
Ten-year median 0.0×
Current reading's percentile 18

Debt to equity against peers

Company Debt to equity
ROIV Roivant Sciences Ltd. compare 0.0×
EXEL Exelixis, Inc. compare 0.0×
INCY Incyte Corporation 0.0×
BNTX BioNTech SE Sponsored ADR compare 0.0×
ALNY Alnylam Pharmaceuticals, Inc. compare 0.3×
ASND Ascendis Pharma A/S compare 0.3×
INSM Insmed, Inc. compare 0.8×
GMAB Genmab A/S Sponsored ADR compare 0.8×
JAZZ Jazz Pharmaceuticals PLC compare 1.3×
Biotechnology industry median 0.0×
Healthcare sector median 0.0×
Market median 0.2×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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