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.
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Incyte Corporation (INCY) EV/Sales
As of 19 October 2026, Incyte Corporation (INCY) trades at a EV/Sales of 3.1×. Over the past ten years it has ranged from 1.9× (April 2025) to 36.5× (September 2015); the current reading is higher than 20% of that period. That is below the Biotechnology industry median of 9.5× and below the Healthcare sector median of 3.4×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 3.1× | 6.51% |
| FY2024 | 2.9× | (3.61%) |
| FY2023 | 3.0× | (30.00%) |
| FY2022 | 4.3× | (8.30%) |
| FY2021 | 4.6× | (28.01%) |
| FY2020 | 6.5× | (16.56%) |
| FY2019 | 7.7× | 20.38% |
| FY2018 | 6.4× | (49.36%) |
| FY2017 | 12.7× | (26.41%) |
| FY2016 | 17.2× | (32.97%) |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 3.1× | 13.50% |
| Mar 2026 | 2.8× | (9.91%) |
| Dec 2025 | 3.1× | 7.51% |
| Sep 2025 | 2.8× | 20.54% |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| BNTX BioNTech SE Sponsored ADR compare | 1.9× |
| INCY Incyte Corporation | 3.1× |
| ALNY Alnylam Pharmaceuticals, Inc. compare | 6.0× |
| EXEL Exelixis, Inc. compare | 6.1× |
| GMAB Genmab A/S Sponsored ADR compare | 6.6× |
| ASND Ascendis Pharma A/S compare | 11.9× |
| RPRX Royalty Pharma PLC compare | 13.8× |
| INSM Insmed, Inc. compare | 17.9× |
| ROIV Roivant Sciences Ltd. compare | 2,857× |
| Biotechnology industry median | 9.5× |
| Healthcare sector median | 3.4× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((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)) ÷ Revenue (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/FCF
- 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