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. In the quarter to June 2026, revenue grew 37.7%, EPS grew 39.7%, free cash flow grew 1,829.5% and total debt fell 10.5%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for ten consecutive years.
Follow INCY
Incyte Corporation (INCY) EV/FCF
As of 16 October 2026, Incyte Corporation (INCY) trades at a EV/FCF of 9.6×. Over the past ten years it has ranged from −14,386× (April 2018) to 853× (November 2024); the current reading is higher than 23% of that period.
EV/FCF, daily
Embed this chart
Annual newest first
| Period | EV/FCF | Change |
|---|---|---|
| FY2025 | 11.8× | (77.16%) |
| FY2024 | 51.8× | 111.21% |
| FY2023 | 24.5× | 51.40% |
| FY2022 | 16.2× | (33.57%) |
| FY2021 | 24.4× | — |
| FY2020 | −55.2× | — |
| FY2019 | 26.4× | (42.64%) |
| FY2018 | 46.0× | — |
| FY2017 | −95.6× | — |
| FY2016 | 103× | (66.20%) |
Quarterly newest first
| Period | EV/FCF | Change |
|---|---|---|
| Jun 2026 | 9.6× | (7.40%) |
| Mar 2026 | 10.4× | (12.09%) |
| Dec 2025 | 11.8× | 1.23% |
| Sep 2025 | 11.7× | 2.09% |
| 42 more quarters | Free account |
Against its own ten years
EV/FCF against peers
| Company | EV/FCF |
|---|---|
| INSM Insmed, Inc. compare | −25.4× |
| ROIV Roivant Sciences Ltd. compare | −25.1× |
| GMAB Genmab A/S Sponsored ADR compare | −4.1× |
| INCY Incyte Corporation | 9.6× |
| BNTX BioNTech SE Sponsored ADR compare | 10.7× |
| EXEL Exelixis, Inc. compare | 12.7× |
| RPRX Royalty Pharma PLC compare | 27.0× |
| ALNY Alnylam Pharmaceuticals, Inc. compare | 35.0× |
| ASND Ascendis Pharma A/S compare | 36.4× |
What EV/FCF is
EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))
More on INCY
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement