Incyte Corporation INCY
- Market cap
- $26.1B
- P/E
- 15.4×
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Incyte Corporation (INCY) Price to free cash flow
As of 28 September 2026, Incyte Corporation (INCY) trades at a price to free cash flow of 13.2×. Over the past ten years it has ranged from 0.0× (September 2024) to 956× (November 2024); the current reading is higher than 25% of that period. That is below the Biotechnology industry median of 21.1× and below the Healthcare sector median of 19.9×.
Price to free cash flow, daily
Annual
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 14.5× | (76.16%) |
| FY2024 | 60.8× | 86.60% |
| FY2023 | 32.6× | 64.67% |
| FY2022 | 19.8× | (30.44%) |
| FY2021 | 28.5× | — |
| FY2020 | 0.0× | — |
| FY2019 | 29.7× | (42.29%) |
| FY2018 | 51.4× | — |
| FY2017 | 0.0× | — |
| FY2016 | 104× | (66.08%) |
Quarterly
| Period | Price to free cash flow | Change |
|---|---|---|
| Jun 2026 | 12.0× | (9.01%) |
| Mar 2026 | 13.2× | (8.94%) |
| Dec 2025 | 14.5× | 2.41% |
| Sep 2025 | 14.2× | 1.34% |
| 42 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| GMAB Genmab A/S Sponsored ADR compare | n/m |
| ROIV Roivant Sciences Ltd. compare | n/m |
| INSM Insmed, Inc. compare | n/m |
| JAZZ Jazz Pharmaceuticals PLC compare | 10.6× |
| INCY Incyte Corporation | 13.2× |
| RPRX Royalty Pharma PLC compare | 19.8× |
| ONC BeOne Medicines Ltd. - Sponsored ADR compare | 31.3× |
| ALNY Alnylam Pharmaceuticals, Inc. compare | 41.6× |
| BNTX BioNTech SE Sponsored ADR compare | 50.2× |
| Biotechnology industry median | 21.1× |
| Healthcare sector median | 19.9× |
| Market median | 13.9× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))
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
- EV/EBITDA
- EV/Sales
- 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
- The full statement