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INCYTE CORP

INCY

$120.60 ▲ +2.21 (+1.87%) at close

18 Visible periods

32 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Excellent

Bullish

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Analytical Summary

INCYTE CORP shows strong fundamentals with top-quartile Return on Common Equity (%) and Profit Margin (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $23.5B

Dividend Yield —

Revenue Growth 21.2% ↗

Op. Margin 29.5% ↗

ROIC 22.7% ↗

FCF / Share $7.24 ↗

Trailing P/E 18.3x

Price / Book 4.6x

FCF Yield 6.0%

Debt / Equity —

info Valuation on last close. End-of-day price, Aug 7, 2026.

18-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$5.14B

↑ +21.2% —

Net Income Profit after all expenses

$1.29B

↑ +3845.0% —

Operating Margin Operating profit as % of sales

29.5%

↑ +1936.4% 86th

FCF / Share Free cash flow per share

$7.24

↑ +347.2% —

Long-Term Debt Long-term obligations

$19.09B

↑ +71146.3% —

trending_up

Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile
Profit Margin (%)Profit Margin (%) is in the top quartile
Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability ↑

Returns →

Cash Quality ↑

Financial view

Statement lens

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Cadence

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue Growth YoY (%)	21.2% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+324%)	14.8% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+195%)	8.9% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+77%)	13.7% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+173%)	12.0% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+140%)	23.5% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+371%)	14.7% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+194%)	22.5% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+350%)	38.9% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+679%)	46.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+834%)	47.4% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+847%)	44.1% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+782%)	19.5% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+290%)	214.5% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+4190%)	-44.4% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-988%)	1733.5% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+34571%)	—	—
EPS Growth YoY (%)	4018.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-94.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	74.5% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-64.4% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	300.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	1275.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	—	—	—	—	—	—	—
Net Income Growth YoY (%)	3845.0% Excellent ↑ Excellent Improving Year-over-year change in net income	-94.5% Weak ↓ Weak Declining Year-over-year change in net income	75.4% Excellent Excellent Year-over-year change in net income	-64.1% Weak Weak Year-over-year change in net income	N/M	N/M	308.2% Excellent Excellent Year-over-year change in net income	N/M	N/M	1495.8% Excellent ↑ Excellent Improving Year-over-year change in net income	N/M	41.7% Excellent ↑ Excellent Improving Year-over-year change in net income	-87.6% Weak ↑ Weak Improving Year-over-year change in net income	76.2% Excellent ↑ Excellent Improving Year-over-year change in net income	-485.8% Weak Weak Year-over-year change in net income	85.0% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%)	347.2% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-27.1% Weak ↓ Weak Declining Year-over-year change in free cash flow	-49.2% Weak Weak Year-over-year change in free cash flow	28.5% Excellent Excellent Year-over-year change in free cash flow	N/M	N/M	108.9% Excellent Excellent Year-over-year change in free cash flow	N/M	N/M	—	—	—	—	—	—	—	—	—
Revenue CAGR 3Y (%)	14.8% Good ↑ Good Improving Compound annual revenue growth over 3 years	12.4% Good ↓ Good Declining Compound annual revenue growth over 3 years	11.5% Good ↓ Good Declining Compound annual revenue growth over 3 years	16.3% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	16.6% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	20.2% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	25.0% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	35.7% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	44.3% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	46.0% Excellent → Excellent Stable Compound annual revenue growth over 3 years	36.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	75.6% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	27.8% Excellent Excellent Compound annual revenue growth over 3 years	217.7% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	14.0% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	14.5% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	14.5% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	17.2% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	22.0% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	28.8% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	33.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	39.6% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	38.9% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	63.6% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	34.7% Excellent Excellent Compound annual revenue growth over 5 years	123.0% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	62.7% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-66.6% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	—	-9.7% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	102.2% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	—	55.8% Excellent Excellent Compound annual EPS growth over 3 years	135.1% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Operating Margin (%) (%)	29.5% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+146%)	1.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-88%)	16.8% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+40%)	17.1% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+42%)	19.6% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+63%)	-9.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-182%)	18.6% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+55%)	6.9% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-43%)	-15.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-232%)	13.1% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+9%)	6.7% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-44%)	-0.9% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-108%)	-4.5% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-138%)	0.4% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-97%)	-151.6% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1363%)	8.3% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-31%)	—	—
Effective Tax Rate (%) (%)	22.7% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	89.7% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	28.4% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	35.6% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-66.3% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	-27.3% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	25.0% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+213%)	0.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-90%)	16.2% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+102%)	10.0% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+25%)	31.8% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+297%)	-11.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-239%)	20.7% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+159%)	5.8% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-27%)	-20.4% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-355%)	9.4% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+18%)	0.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-89%)	-9.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-218%)	-23.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-393%)	-14.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-286%)	-197.5% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2569%)	-18.7% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-334%)	—	—
FCF Margin (%) (%)	27.5% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	7.9% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	13.4% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	28.6% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	25.1% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	-4.7% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	32.9% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	17.9% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	-6.1% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	27.6% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	—	—	—	—
FCF / Net Income (x)	1.10x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	10.28x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.83x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	2.85x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.79x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.42x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.59x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	3.07x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.30x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	2.92x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	—	—	—	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Return on Invested Capital (%)	22.7% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	0.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	8.6% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	8.5% Fair → Fair Stable Return earned on debt + equity capital invested Optimal: > 10%	25.8% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-12.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	12.2% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	0.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-11.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	27.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	4.3% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	4.6% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	-1.9% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	0.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-58.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	5.4% Caution Caution Return earned on debt + equity capital invested Optimal: > 10%	107.8% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	21.8% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	1.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	9.1% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	9.9% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	11.9% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	-7.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	11.7% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	4.9% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	-10.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	8.8% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	5.0% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	-0.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-2.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-43.5% Weak Weak Operating profit relative to total assets Optimal: > 10%	2.9% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	24.9% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+66%)	0.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-94%)	11.5% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-23%)	7.8% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-48%)	25.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+68%)	-11.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-175%)	17.2% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+15%)	5.7% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-62%)	-19.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-228%)	24.8% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+66%)	3.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-75%)	59.4% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+296%)	43.1% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+187%)	25.3% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+69%)	82.1% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+448%)	35.9% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+140%)	206.9% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+1280%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Debt to Equity (x)	—	—	—	—	—	—	—	9.91x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+1316%)	0.02x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-98%)	—	4.38x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+526%)	—	-4.38x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-726%)	-2.34x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-435%)	-1.85x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-364%)	-3.31x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-573%)	—	—
Interest Coverage (x)	—	—	243.25x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	217.34x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	307.01x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	-121.29x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	216.71x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	83.75x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	-35.32x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	3.74x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	1.11x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-0.10x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-0.42x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	0.02x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-3.27x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.32x Weak Weak Operating income divided by interest expense Optimal: > 5x	-4.35x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-3.10B	$-1.69B	$-3.21B	$-2.95B	$-2.06B	$-1.51B	$-1.83B	$17.93B	$-872.71M	$-652.34M	$228.36M	$-452.30M	$375.17M	$185.94M	$146.84M	$-124.48M	$-449.82M	$-178.77M
Debt / EBITDA (x)	—	—	—	—	—	—	—	103.66x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.14x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	7.85x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	64.60x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	13.17x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-3.61x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.61x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue per Share (USD)	$26.34	$20.48	$16.53	$15.29	$13.55	$12.23	$10.04	$8.86	$7.51	$5.89	$4.20	$3.05	—	—	$0.75	$1.40	$0.09	—
Basic EPS, GAAP (USD)	$6.59	$0.16	$2.67	$1.53	$4.30	$-1.36	$2.08	$0.52	$-1.53	$0.55	$0.04	$-0.29	—	—	—	—	—	—
Free Cash Flow per Share (USD)	$7.24	$1.62	$2.22	$4.37	$3.40	$-0.57	$3.31	$1.58	$-0.45	$1.62	—	—	—	—	—	—	—	—
Book Value per Share (USD)	$26.04	$17.82	$23.14	$19.62	$17.05	$11.90	$12.02	$9.03	$7.72	$2.22	$0.92	$-0.48	$-1.18	$-1.31	$-1.80	$-0.72	$-0.99	—
Tangible Book Value per Share (USD)	$25.37	$17.02	$22.45	$18.92	$16.35	$11.19	$11.30	$8.30	$5.86	$-0.03	$0.92	$-0.48	$-1.18	$-1.31	$-1.80	$-0.72	$-0.99	—
Basic Weighted Avg Shares (shares)	195.20M	207.11M	223.63M	222.00M	220.43M	218.07M	214.91M	212.38M	204.58M	187.87M	179.60M	167.95M	—	—	125.36M	121.63M	102.94M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Working Capital (USD)	$3.51B	$1.60B	$3.41B	$2.94B	$2.26B	$1.73B	$1.97B	$1.41B	$1.13B	$720.68M	$674.37M	$458.51M	$447.76M	$173.44M	$175.16M	$341.88M	—	—
LT Debt (USD)	—	—	—	—	—	—	—	$19.09B	$26.80M	—	$749.80M	—	$846.60M	$410.00M	$420.00M	$293.43M	—	—
Total Equity (USD)	$5.17B	$3.45B	$5.19B	$4.37B	$3.77B	$2.61B	$2.60B	$1.93B	$1.63B	$419.47M	$171.16M	$-81.63M	$-193.11M	$-174.96M	$-227.08M	$-88.64M	$-102.38M	$-220.75M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Sales/Revenue/Turnover (USD)	$5.14B	$4.24B	$3.70B	$3.39B	$2.99B	$2.67B	$2.16B	$1.88B	$1.54B	$1.11B	$753.75M	$511.50M	$354.95M	$297.06M	$94.45M	$169.88M	$9.27M	—
Depreciation Expense (USD)	$93.29M	$89.25M	$82.66M	$67.86M	$57.84M	$51.81M	$54.53M	$54.97M	$52.18M	$58.42M	$44.88M	$41.41M	$29.21M	$29.98M	$26.99M	$24.48M	$16.69M	—
Net Income, GAAP (USD)	$1.29B	$32.62M	$597.60M	$340.66M	$948.58M	$-295.70M	$446.91M	$109.49M	$-313.14M	$104.22M	$6.53M	$-48.48M	$-83.15M	$-44.32M	$-186.54M	$-31.85M	$-211.87M	—
Operating Cash Flow (USD)	$1.41B	$335.34M	$496.49M	$969.94M	$749.49M	$-124.60M	$710.66M	$336.23M	$-92.99M	$304.76M	—	—	—	—	—	—	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 18 years · 67 quarters

INCYTE CORP

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