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) Return on invested capital

Alert me on Return on invested capital

Incyte Corporation's return on invested capital over the twelve months to 30 September 2026 was 21.6%, down 37.0 percentage points from fiscal 2025 (58.6%). Over the past ten years it has ranged from −31.4% (fiscal 2017) to 58.6% (fiscal 2025) — the current reading is the highest in ten years. That is above the Biotechnology industry median of 0.00% and above the Healthcare sector median of 0.00%.

Return on invested capital, annual

Embed this chart

Annual newest first

Period Return on invested capital Change (points)
FY2025 58.6% 55.65
FY2024 2.90% (21.91)
FY2023 24.8% (6.38)
FY2022 31.2% 6.00
FY2021 25.2% 44.75
FY2020 −19.6% (66.87)
FY2019 47.3% 31.32
FY2018 16.0% 47.36
FY2017 −31.4% (65.91)
FY2016 34.5% (3.72)

Against its own ten years

Low −31.4% High 58.6%
Ten-year median 25.2%
Current reading's percentile 100

Return on invested capital against peers

Company Return on invested capital
EXEL Exelixis, Inc. compare 66.6%
ALNY Alnylam Pharmaceuticals, Inc. compare 59.4%
INCY Incyte Corporation 21.6%
ASND Ascendis Pharma A/S compare 15.1%
GMAB Genmab A/S Sponsored ADR compare 6.89%
JAZZ Jazz Pharmaceuticals PLC compare 3.86%
BNTX BioNTech SE Sponsored ADR compare −34.3%
ROIV Roivant Sciences Ltd. compare −89.9%
INSM Insmed, Inc. compare −247.6%
Biotechnology industry median 0.00%
Healthcare sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

More on INCY