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) P/E ratio
As of 19 October 2026, Incyte Corporation (INCY) trades at a P/E ratio of 13.9×. Over the past ten years it has ranged from 0.0× (March 2021) to 5,423× (December 2015); the current reading is higher than 32% of that period. That is above the Biotechnology industry median of 8.4× and below the Healthcare sector median of 22.9×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 15.0× | (93.28%) |
| FY2024 | 223× | 808.93% |
| FY2023 | 24.5× | (52.55%) |
| FY2022 | 51.7× | 201.91% |
| FY2021 | 17.1× | — |
| FY2020 | 0.0× | — |
| FY2019 | 42.0× | (65.67%) |
| FY2018 | 122× | — |
| FY2017 | 0.0× | — |
| FY2016 | 183× | (96.63%) |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 13.9× | 8.15% |
| Mar 2026 | 12.9× | (13.85%) |
| Dec 2025 | 15.0× | 7.99% |
| Sep 2025 | 13.9× | (8.43%) |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| BNTX BioNTech SE Sponsored ADR compare | n/m |
| INSM Insmed, Inc. compare | n/m |
| ROIV Roivant Sciences Ltd. compare | n/m |
| INCY Incyte Corporation | 13.9× |
| ASND Ascendis Pharma A/S compare | 16.6× |
| EXEL Exelixis, Inc. compare | 19.0× |
| GMAB Genmab A/S Sponsored ADR compare | 30.3× |
| ALNY Alnylam Pharmaceuticals, Inc. compare | 39.8× |
| RPRX Royalty Pharma PLC compare | 41.7× |
| Biotechnology industry median | 8.4× |
| Healthcare sector median | 22.9× |
| Market median | 18.0× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (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/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- 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