Incyte Corporation

Incyte Corporation

INCY
Incyte CorporationUS flagNASDAQ Global Select
104.40
USD
+0.74
- -
20.86BMarket Cap
Incyte Corporation
INCY
(NASDAQ Global Select)

Recent

price

104.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.4
0.75
2.29
2.39
3.05
4.2
5.89
7.51
8.86
10.04
12.23
13.55
15.29
16.53
20.48
26.34
27.27
Revenue per Share
-0.26
-1.49
-0.34
-0.56
-0.29
0.04
0.55
-1.53
0.52
2.08
-1.36
4.3
1.53
2.67
0.16
6.59
7.28
Basic EPS, GAAP
0.81
-1.29
-0.73
0.06
0.16
0.5
1.62
-0.45
1.58
3.31
-0.57
3.4
4.37
2.15
1.55
7.11
7.56
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-11.7
-12.84
-12.75
-11.7
-10.63
-9.9
-8.91
-9.73
-8.84
-6.66
-7.92
-3.53
-1.97
0.72
-5.18
1.1
2.63
Book Value per Share
-0.81
-1.88
-1.35
-1.3
-0.49
0.95
-0.03
6.05
7.32
10.46
10.47
15.71
18.4
21.96
15.35
25.19
27.36
Tangible Book Value per Share
122
125
130
148
168
180
188
205
212
215
218
220
222
224
207
195
197
Basic Weighted Avg Shares
170
94
297
355
511
754
1,106
1,536
1,882
2,159
2,667
2,986
3,395
3,696
4,241
5,141
5,361
Sales/Revenue/Turnover
8.05
-150.83
0.39
-4.54
-0.94
6.72
14.69
-15.34
8.26
19.53
-9.01
20.11
17.43
17.73
2.39
26.12
27.05
Operating Margin (%)
24
27
30
29
41
45
58
52
55
55
52
58
68
83
89
93
95
Depreciation Expense
-32
-187
-44
-83
-48
7
104
-313
109
447
-296
949
341
598
33
1,287
1,432
Net Income, GAAP
- -
- -
- -
- -
- -
13.57
2.96
- -
5.08
8.19
- -
- -
35.62
28.36
89.7
22.7
19.28
Effective Tax Rate (%)
-18.75
-197.49
-14.92
-23.43
-9.48
0.87
9.43
-20.38
5.82
20.7
-11.09
31.76
10.04
16.17
0.77
25.03
26.71
Profit Margin (%)
342
175
173
448
459
674
721
1,129
1,407
1,968
1,729
2,264
2,936
3,405
1,597
3,509
3,995
Working Capital
293
316
331
662
590
620
651
17
17
32
33
32
30
29
34
30
29
LT Debt
-89
-227
-175
-193
-82
171
419
1,631
1,926
2,598
2,611
3,770
4,370
5,190
3,448
5,167
5,623
Total Equity
- -
- -
- -
- -
- -
6.32
16.93
- -
8.16
16.76
- -
- -
9.25
9.69
0.24
23.79
24.72
Return on Invested Capital (%)
- -
- -
- -
- -
- -
-4.05
-13
- -
-5.83
-27.94
- -
- -
-60.69
-609.68
-7.91
-332.62
-911.31
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
10
10
10
LT Borrowings
- -
- -
- -
LT Finance Leases
31
30
29
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
196
198
200
Market Capitalization
16,464
19,280
18,505

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
4,278
5,024
5,484
Cash, Cash Equivalents & STI
2,930
3,581
4,016
Accounts Receivable, Net
896
1,024
1,051
Inventories
83
101
116
Total Current Liabilities
1,339
1,515
1,490
Payables & Accruals
421
503
514
ST Debt
10
10
10
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
58.27%
19.07%
49.89%
Free Cash Flow
-78.11%
-84.75%
331.97%
Net Income, GAAP
444.33%
668.19%
3,844.96%
Sales/Revenue/Turnover
21.69%
14.1%
21.22%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
881
1,044
1,138
1,179
4,241
2025
1,053
1,216
1,366
1,507
5,141
2026
1,273
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.76
-2.04
0.55
1.04
0.16
2025
0.82
2.09
2.17
1.52
6.59
2026
1.52
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Incyte Corporation (INCY) is a Wilmington, Delaware-based biopharmaceutical company founded in 2002 that discovers, develops, and commercializes proprietary medicines for oncology, inflammation, autoimmunity, and dermatology; it operates globally in North America, Europe, and Asia with over 2,500 employees focused on unmet medical needs. The company markets a diversified portfolio of approved products including Jakafi (ruxolitinib) for myelofibrosis, polycythemia vera, and graft-versus-host disease; Opzelura (ruxolitinib) cream for atopic dermatitis and vitiligo; Pemazyre (pemigatinib) for cholangiocarcinoma and myeloid/lymphoid neoplasms; Monjuvi (tafasitamab-cxix) for relapsed or refractory diffuse large B-cell lymphoma; Tabrecta (capmatinib) for non-small cell lung cancer; Iclusig (ponatinib) for leukemia; and Olumiant (baricitinib) for rheumatoid arthritis and alopecia areata; it also advances a robust pipeline of clinical candidates discovered in-house targeting immunology, hematology-oncology, and inflammatory skin conditions. Recent developments include the 2024 acquisition of Escient Pharmaceuticals for $750 million to add first-in-class oral MRGPRX2 antagonists EP262 for hidradenitis suppurativa, prurigo nodularis, and other pruritic skin diseases and EP547 for pruritus in kidney and liver diseases; FDA approval of Niktimvo (axatilimab-csfr) with partner Syndax Pharmaceuticals in August 2024 for chronic graft-versus-host disease; relocation of over 300 Pennsylvania jobs to expanded downtown Wilmington headquarters by 2026 supporting more than 500 positions; and a 2025 roadmap featuring four potential product launches such as ruxolitinib XR and povorcitinib expansions, four pivotal trial readouts, seven proof-of-concept disclosures, and at least three Phase 3 initiations toward over 10 high-impact launches by 2030.

Company News

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  • Incyte Japan Announces Approval of Minjuvi® (tafasitamab) in Combination with Lenalidomide for the Treatment of Adults with Relapsed or Refractory Diffuse Large B-Cell Lymphoma (DLBCL)

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  • Mirum Pharmaceuticals and Incyte Announce Positive Pivotal Phase 2 Results from PROGRESS Study of Zilurgisertib in Fibrodysplasia Ossificans Progressiva

  • Mirum Pharmaceuticals and Incyte Announce Positive Pivotal Phase 2 Results from PROGRESS Study of Zilurgisertib in Fibrodysplasia Ossificans Progressiva

  • Incyte Announces New Positive Data at EHA 2026 Showed INCA033989 Achieved Rapid, Robust and Sustained Clinical and Molecular Responses and Was Well Tolerated in Patients with Myelofibrosis and Essenti

  • Incyte Announces New Positive Data at EHA 2026 Showed INCA033989 Achieved Rapid, Robust and Sustained Clinical and Molecular Responses and Was Well Tolerated in Patients with Myelofibrosis and Essential Thrombocythemia

  • Results from Incyte's Pivotal Phase 3 frontMIND Trial of Tafasitamab (Monjuvi®/Minjuvi®) Combination Presented at the 2026 European Hematology Association (EHA) Congress Plenary Showed Prolonged Progression Free Survival

  • Results from Incyte's Pivotal Phase 3 frontMIND Trial of Tafasitamab (Monjuvi®/Minjuvi®) Combination Presented at the 2026 European Hematology Association (EHA) Congress Plenary Showed Prolonged Progr

  • Incyte Nears Buy Point As $1.25 Billion Acquisition Expands Offerings

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  • Incyte Corporation (INCY) Presents at Goldman Sachs 47th Annual Global Healthcare Conference 2026 Transcript

  • Incyte Corporation (INCY) M&A Call Transcript