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) Net margin

Alert me on Net margin

Incyte Corporation's net margin over the twelve months to 30 September 2026 was 6.71%, down 18.3 percentage points from fiscal 2025 (25.0%). Over the past ten years it has ranged from −20.4% (fiscal 2017) to 31.8% (fiscal 2021); the current reading is higher than 91% of that period. That is above the Biotechnology industry median of 0.00% and above the Healthcare sector median of 0.00%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 25.0% 24.26
FY2024 0.77% (15.40)
FY2023 16.2% 6.13
FY2022 10.0% (21.72)
FY2021 31.8% 42.85
FY2020 −11.1% (31.79)
FY2019 20.7% 14.88
FY2018 5.82% 26.20
FY2017 −20.4% (29.81)
FY2016 9.43% 8.56

Quarterly newest first

Period Net margin Change (points)
Sep 2026 −50.4% (85.38)
Jun 2026 35.0% 11.15
Mar 2026 23.8% 3.97
Dec 2025 19.9% (11.19)
43 more quarters

Against its own ten years

Low −20.4% High 31.8%
Ten-year median 9.43%
Current reading's percentile 42

Net margin against peers

Company Net margin
ASND Ascendis Pharma A/S compare 71.2%
ALNY Alnylam Pharmaceuticals, Inc. compare 52.9%
EXEL Exelixis, Inc. compare 35.5%
GMAB Genmab A/S Sponsored ADR compare 17.0%
INCY Incyte Corporation 6.71%
JAZZ Jazz Pharmaceuticals PLC compare 4.36%
INSM Insmed, Inc. compare −39.9%
BNTX BioNTech SE Sponsored ADR compare −63.8%
ROIV Roivant Sciences Ltd. compare −838.2%
Biotechnology industry median 0.00%
Healthcare sector median 0.00%
Market median 1.34%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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