INCYTE CORP
INCYTE CORP
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 3,461 | 3,098 | 2,455 | 1,955 | 1,942 | 1,688 | 1,304 | 987 | 3,346 | 3,213 | 3,227 | 3,131 | |||||
Available For Sale Securities Debt Securities Curr… | - | - | - | - | - | - | 467 | 462 | 504 | 443 | 289 | 292 | |||||
Equity Securities Fv Ni | - | - | - | - | - | - | 3 | 70 | - | - | - | - | |||||
Debt Securities Available For Sale Excluding Accru… | 555 | 483 | 475 | 467 | 467 | 470 | - | - | - | 443 | - | - | |||||
Accounts Receivable Net | 1,051 | 1,024 | 896 | 843 | 823 | 853 | 758 | 739 | 746 | 744 | 657 | 638 | |||||
Inventory Net | 116 | 101 | 83 | 83 | 64 | 59 | 70 | 101 | 64 | 63 | 57 | 36 | |||||
Prepaid Expense And Other Assets Current | 301 | 318 | 369 | 296 | 212 | 169 | 205 | 208 | 189 | 183 | 172 | 167 | |||||
Assets Current | 5,484 | 5,024 | 4,278 | 3,644 | 3,507 | 3,239 | 2,809 | 2,567 | 4,849 | 4,645 | 4,403 | 4,264 | |||||
Restricted Cash Noncurrent | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |||||
Long Term Investments | - | - | - | - | - | - | - | - | 288 | 188 | 154 | 170 | |||||
Equity Securities F V N I Noncurrent | 55 | 48 | 22 | 13 | 17 | 19 | 28 | 30 | - | 188 | - | - | |||||
Inventory Noncurrent | 331 | 342 | 367 | 368 | 365 | 348 | 298 | 255 | 264 | 207 | 142 | 142 | |||||
Property Plant And Equipment Net | 720 | 731 | 799 | 799 | 765 | 763 | 773 | 762 | 720 | 752 | 733 | 749 | |||||
Finance Lease Right Of Use Asset | 27 | 28 | 28 | 29 | 30 | 31 | 25 | 26 | 26 | 26 | 25 | 26 | |||||
Other Intangible Assets Net | 110 | 117 | 119 | 126 | 108 | 114 | 120 | 114 | 118 | 124 | 129 | 135 | |||||
Goodwill | 133 | 133 | 156 | 156 | 156 | 156 | 156 | 156 | 156 | 156 | 156 | 156 | |||||
Deferred Income Tax Assets Net | 453 | 515 | 528 | 652 | 769 | 762 | 762 | 730 | 667 | 632 | 564 | 533 | |||||
Other Assets Noncurrent | 24 | 18 | 32 | 33 | 30 | 11 | 40 | 22 | 47 | 52 | 81 | 32 | |||||
Assets | 7,339 | 6,958 | 6,330 | 5,821 | 5,749 | 5,444 | 5,012 | 4,662 | 7,136 | 6,782 | 6,388 | 6,208 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 229 | 210 | 172 | 241 | 196 | 197 | 179 | 148 | 164 | 110 | 139 | 156 | |||||
Employee Related Liabilities Current | 125 | 228 | 168 | 129 | 103 | 189 | 151 | 114 | 89 | 153 | 125 | 112 | |||||
Accrued Liabilities Current | 1,092 | 1,032 | 948 | 857 | 1,376 | 1,212 | 1,128 | 1,034 | 1,102 | 936 | 821 | 811 | |||||
Finance Lease Liability Current | 4 | 5 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | |||||
Business Combination Contingent Consideration Liab… | 39 | 41 | 46 | 47 | 42 | 39 | 40 | 37 | 37 | 38 | 37 | 38 | |||||
Liabilities Current | 1,490 | 1,515 | 1,339 | 1,279 | 1,720 | 1,642 | 1,502 | 1,337 | 1,396 | 1,240 | 1,125 | 1,119 | |||||
Business Combination Contingent Consideration Liab… | 71 | 80 | 138 | 160 | 153 | 154 | 167 | 157 | 165 | 174 | 170 | 179 | |||||
Finance Lease Liability Noncurrent | 29 | 30 | 31 | 32 | 33 | 34 | 28 | 29 | 29 | 29 | 29 | 29 | |||||
Other Liabilities Noncurrent | 127 | 165 | 171 | 180 | 176 | 168 | 145 | 142 | 151 | 149 | 133 | 140 | |||||
Liabilities | 1,716 | 1,790 | 1,679 | 1,650 | 2,082 | 1,997 | 1,841 | 1,665 | 1,741 | 1,592 | 1,457 | 1,468 | |||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital Common Stock | 5,083 | 4,928 | 4,722 | 4,667 | 4,588 | 4,533 | 4,429 | 4,383 | 5,070 | 5,016 | 4,949 | 4,926 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | 22 | 25 | 15 | 13 | -6 | -13 | 16 | -5 | -6 | 13 | 23 | 27 | |||||
Retained Earnings Accumulated Deficit | 517 | 214 | -86 | -510 | -915 | -1,073 | -1,274 | -1,380 | 330 | 160 | -41 | -212 | |||||
Stockholders Equity | 5,623 | 5,167 | 4,651 | 4,171 | 3,668 | 3,448 | 3,171 | 2,997 | 5,394 | 5,190 | 4,931 | 4,741 | |||||
Liabilities And Stockholders Equity | 7,339 | 6,958 | 6,330 | 5,821 | 5,749 | 5,444 | 5,012 | 4,662 | 7,136 | 6,782 | 6,388 | 6,208 | |||||
Debt Securities Available For Sale Amortized Cost … | - | - | - | - | - | - | 464 | 464 | 506 | 443 | 291 | 294 | |||||
Debt Securities Available For Sale Amortized Cost … | 555 | 481 | 473 | 465 | 466 | 470 | - | - | - | 443 | - | - | |||||
Debt Securities Available For Sale Allowance For C… | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Par Or Stated Value Per Share | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | |||||
Preferred Stock Shares Authorized | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | |||||
Common Stock Shares Authorized | 400 | 400 | 400 | 400 | 400 | 400 | 400 | 400 | 400 | 400 | 400 | 400 | |||||
Common Stock Shares Issued | 200 | 198 | 196 | 194 | 194 | 193 | 193 | 192 | 225 | 224 | 224 | 223 | |||||
Shares Outstanding | 200 | 198 | 196 | 194 | 194 | 193 | 193 | 192 | 225 | 224 | 224 | 223 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.59% | 0.49% | 19.96% | - | - | - | - | - | - | - | - | - |
| 2025 | 6.32% | 13.29% | 12.30% | 9.90% | 11.82% | 13.17% | 11.36% | 12.05% | 15.89% | -4.11% | -4.12% | -3.14% |
| 2024 | 10.11% | 21.46% | 26.55% | -5.38% | -3.02% | -2.07% | -2.55% | -6.47% | -2.27% | 3.65% | -11.30% | -8.45% |
| 2023 | -10.55% | -10.73% | -8.30% | 0.27% | -8.78% | -13.44% | -0.35% | 16.54% | 14.02% | 1.15% | -6.91% | -9.40% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 3.68 | 3.32 | 3.20 | 2.85 | 2.04 | 1.97 | 1.87 | 1.92 | 3.47 | 3.75 | 3.91 | 3.81 | |||||
| Quick Ratio | 3.40 | 3.04 | 2.86 | 2.55 | 1.88 | 1.83 | 1.69 | 1.69 | 3.29 | 3.55 | 3.71 | 3.63 | |||||
| Working Capital | 3.99B | 3.51B | 2.94B | 2.37B | 1.79B | 1.60B | 1.31B | 1.23B | 3.45B | 3.41B | 3.28B | 3.15B | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.31 | 0.35 | 0.36 | 0.40 | 0.57 | 0.58 | 0.58 | 0.56 | 0.32 | 0.31 | 0.30 | 0.31 | |||||
| Interest Coverage TTM | 689.26 | 623.91 | 653.65 | 483.48 | 69.58 | 26.91 | -19.84 | 6.26 | 273.75 | 243.25 | 208.51 | 175.58 | |||||
| Debt Ratio | 0.23 | 0.26 | 0.27 | 0.28 | 0.36 | 0.37 | 0.37 | 0.36 | 0.24 | 0.23 | 0.23 | 0.24 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.82 | 0.83 | 0.85 | 0.87 | 0.69 | 0.69 | 0.62 | 0.61 | 0.50 | 0.50 | 0.61 | 0.61 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 6.92 | 6.41 | 5.90 | 4.38 | 0.11 | 0.15 | 0.17 | 0.45 | 3.28 | 2.65 | 1.88 | 1.62 | |||||
| Free Cash Flow Per Share TTM | 7.46 | 7.11 | 6.27 | 5.11 | 1.90 | 1.55 | 0.46 | -0.29 | 3.66 | 2.15 | 2.66 | 3.21 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 92.47% | 92.76% | 92.95% | 92.88% | 92.65% | 92.64% | 91.73% | 91.96% | 92.00% | 91.94% | 93.23% | 93.20% | |||||
| Operating Profit Margin TTM | 30.05% | 29.46% | 30.76% | 25.80% | 3.96% | 1.45% | -1.49% | 0.47% | 21.24% | 19.60% | 13.95% | 12.15% | |||||
| Net Profit Margin TTM | 26.71% | 25.03% | 24.69% | 18.99% | 0.48% | 0.77% | 0.92% | 2.92% | 23.03% | 18.88% | 11.78% | 10.43% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 21.48% | 21.22% | 35.76% | 37.83% | 36.32% | 34.00% | -1.76% | -5.32% | -6.71% | -6.76% | 8.35% | 5.81% | |||||
| Net Income Growth (1Y) | 6,631.44% | 3,844.96% | 3,559.21% | 795.08% | -97.15% | -94.54% | -92.36% | -73.45% | 129.81% | 75.42% | -51.49% | -61.22% | |||||
| EPS Growth (1Y) | 6,441.29% | 4,085.58% | 3,502.34% | 906.65% | -96.69% | -94.11% | -91.11% | -72.83% | 128.25% | 74.15% | -51.85% | -61.49% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 13.10 | 14.98 | 13.96 | 15.17 | 551.45 | 438.60 | 391.99 | 135.93 | 17.16 | 23.50 | 30.46 | 37.92 | |||||
| P/B TTM | 3.34 | 3.73 | 3.57 | 3.17 | 3.20 | 4.15 | 4.02 | 4.41 | 2.37 | 2.71 | 2.62 | 2.93 | |||||
| P/S TTM | 3.50 | 3.75 | 3.45 | 2.88 | 2.66 | 3.37 | 3.59 | 3.98 | 3.95 | 4.44 | 3.59 | 3.96 | |||||
| Market Cap | 18.76B | 19.28B | 16.59B | 13.21B | 11.73B | 14.31B | 12.73B | 13.23B | 12.79B | 14.04B | 12.94B | 13.90B | |||||
| Enterprise Value | 15.33B | 16.22B | 14.17B | 11.29B | 9.82B | 12.65B | 11.46B | 12.27B | 9.47B | 10.86B | 9.75B | 10.80B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 1.49B | 1.39B | 1.23B | 990.40M | 368.69M | 321.44M | 87.95M | -62.59M | 820.90M | 481.49M | 596.15M | 716.88M | |||||
| Net Debt | -3.43B | -3.06B | -2.42B | -1.92B | -1.91B | -1.65B | -1.27B | -956.31M | -3.32B | -3.18B | -3.20B | -3.10B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
INCYTE CORP (INCY) — SEC Financial Statements & Analysis
INCYTE CORP (INCY) is a services-commercial physical & biological research company, incorporated in DE. INCYTE CORP trades on INCY: Nasdaq as: INCY. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), INCYTE CORP reported a 21.48% year-over-year revenue growth, a Gross Profit Margin of 92.47% (TTM), a Debt-to-Equity ratio of 0.31x, a Price-to-Sales (P/S) ratio of 3.50x (TTM), a Price-to-Book (P/B) ratio of 3.34 (TTM), at a market cap of $18.76B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 21.48%
- Gross Profit Margin TTM
- 92.47%
- Debt To Equity
- 0.31x
- P/S TTM
- 3.50x
- P/B TTM
- 3.34
- Market Cap
- $18.76B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is INCYTE CORP in?
INCYTE CORP (INCY) operates in the Services-Commercial Physical & Biological Research industry.
What is INCY's market cap?
INCYTE CORP (INCY) has a market capitalization of $18.76B as of 2026-03-31.
What is INCY's P/E ratio?
INCYTE CORP (INCY)'s trailing twelve month P/E ratio is 13.10x as of 2026-03-31.
What exchange does INCY trade on?
INCYTE CORP (INCY) trades on the INCY: Nasdaq.
Where is INCYTE CORP incorporated?
INCYTE CORP is incorporated in DE.