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.

113.25 0.18 +0.16%
Market cap
$23.0B
P/E
13.9×
Fwd P/E
58.4×
Dividend yield
—
F-score
9/9
Altman Z
8.57
Beneish M
−2.43
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 June 2026 was 27.7%, up 2.7 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)
Jun 2026 35.0% 11.15
Mar 2026 23.8% 3.97
Dec 2025 19.9% (11.19)
Sep 2025 31.1% (2.27)
42 more quarters

Against its own ten years

Low −20.4% High 31.8%
Ten-year median 9.43%
Current reading's percentile 93

Net margin against peers

Company Net margin
ASND Ascendis Pharma A/S compare 71.2%
EXEL Exelixis, Inc. compare 35.3%
RPRX Royalty Pharma PLC compare 32.0%
INCY Incyte Corporation 27.7%
GMAB Genmab A/S Sponsored ADR compare 19.1%
ALNY Alnylam Pharmaceuticals, Inc. compare 16.1%
BNTX BioNTech SE Sponsored ADR compare −65.8%
INSM Insmed, Inc. compare −76.9%
ROIV Roivant Sciences Ltd. compare −3,535.0%
Biotechnology industry median 0.00%
Healthcare sector median 0.00%
Market median 0.45%

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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