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.

115.09 1.84 +1.62%
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) P/E ratio

Alert me on 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

Against its own ten years

Low 0.0× High 5,423×
Ten-year median 19.4×
Current reading's percentile 3

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)

The full definition of P/E ratio →

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