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Nasdaq · CIK 0000879169 · SERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH

INCYTE CORPORATION

INCY chart by TradingView
P/E 13.6xP/B 3.5xP/SALES 3.6xEV/EBITDA FCF YIELD

PRICE HISTORY

LIVE · NASDAQ
INCY chart by TradingView
REVENUE FY2025 ENDED DEC 2025
$5.1B
EBITDA
$1.6B
FREE CASH FLOW
EPS
$6.41
GROSS MARGIN
92.76%
ROIC
Q1 FY26ENDED MAR 2026HOVERDRAG ACROSS ANY CHART TO SCRUB ALL 24 · 40 QUARTERS SHOWNVALUATIONGROWTHPROFITABILITY & RETURNSCASH & CAPITALBALANCE SHEET

VALUATION

what you pay for a unit of the business7 CHARTS

P / E RATIO (TTM)

13.6x
-93%
LATEST · Q1 FY26
13.6xQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
13.6x564.2x

P / SALES (TTM)

3.6x
-78%
LATEST · Q1 FY26
3.6xQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
2.7x21.3x

P / BOOK

3.5x
-93%
LATEST · Q1 FY26
3.5xQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
2.4x52.0x

EV / EBITDA (TTM)

+79%
LATEST · Q1 FY26
Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
96.2x171.9x

EV / REVENUE (TTM)

-5%
LATEST · Q1 FY26
Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
12.5x17.7x

FCF YIELD (TTM)

+4.4pp
LATEST · Q1 FY26
Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
-1.64%4.95%

DIVIDEND YIELD (TTM)

LATEST · Q1 FY26
Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

GROWTH

is the business getting bigger5 CHARTS

REVENUE

$1.3B
+417%
LATEST · Q1 FY26
1.3BQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

EBITDA (DERIVED)

$0.3B
+466%
LATEST · Q1 FY26
0.3BQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

NET INCOME

$0.3B
+781%
LATEST · Q1 FY26
0.3BQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

EPS (DILUTED)

$1.47
+722%
LATEST · Q1 FY26
1.47Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

REVENUE GROWTH YOY

20.87%
-30.2pp
LATEST · Q1 FY26
20.87%Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
-0.46%59.76%

PROFITABILITY & RETURNS

what survives to the bottom, and what it earns on capital4 CHARTS

FCF MARGIN

+54.6pp
LATEST · Q1 FY26
Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
-127.12%52.07%

RETURN ON CAPITAL

-19.6pp
LATEST · Q1 FY26
Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
-41.32%20.16%

RETURN ON EQUITY (TTM)

25.46%
+0.5pp
LATEST · Q1 FY26
25.46%Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
-19.41%40.68%

MARGIN FUNNEL

every line is a share of the same revenue, so they read on one scale — the gaps are what each layer takes out, and net rises above operating when income arrives from outside the business
GROSS MARGIN91.79%
OPERATING MARGIN23.66%
NET MARGIN23.83%
FCF MARGIN
118.4751.49-15.49-82.47-149.45GROSSOPERNETFCFQ2 FY16Q2 FY17Q2 FY18Q2 FY19Q2 FY20Q2 FY21Q2 FY22Q2 FY23Q2 FY24Q2 FY25Q1 FY26

CASH & CAPITAL

where the money actually goes5 CHARTS

FREE CASH FLOW

+$0.3B
LATEST · Q1 FY26
Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

STOCK-BASED COMP

$0.1B
+201%
LATEST · Q1 FY26
0.1BQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

CAPITAL EXPENDITURE

-74%
LATEST · Q1 FY26
Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

SHARES OUTSTANDING

0.21B
+7%
LATEST · Q1 FY26
0.21BQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

DIVIDEND / SHARE

LATEST · Q1 FY26
Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

BALANCE SHEET

how much cushion there is3 CHARTS

CASH & EQUIVALENTS

$3.5B
+610%
LATEST · Q1 FY26
3.5BQ2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

TOTAL DEBT

+2447%
LATEST · Q1 FY26
Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26

DEBT / EBITDA (TTM)

+2712%
LATEST · Q1 FY26
Q2 FY16Q2 FY18Q2 FY20Q2 FY22Q2 FY24Q1 FY26
3.7x103.7x

OWNERSHIP

10 LARGEST HOLDERS · WHO OWNS THE FLOAT
INSTITUTIONS 104.57%INSIDERS 1.85%OTHER / RETAIL 0.00%1,263 INSTITUTIONAL FILERS
HOLDER% HELDSHARESVALUECHANGE
Baker Bros. Advisors, LP15.17%30.7M$3.71B+0.0%
Blackrock Inc.9.36%19.0M$2.29B+3.5%
Dodge & Cox Inc.6.04%12.3M$1.48B-7.6%
Vanguard Capital Management LLC5.39%10.9M$1.32BNEW
State Street Corporation4.76%9.6M$1.16B-0.2%
Vanguard Portfolio Management LLC3.83%7.8M$935.4MNEW
AQR Capital Management, LLC2.87%5.8M$700.2M-13.6%
Geode Capital Management, LLC2.32%4.7M$567.0M-5.8%
LSV Asset Management2.03%4.1M$497.2M+5.2%
Invesco Ltd.1.91%3.9M$466.7M+11.4%
AS OF 2026-03-31 · MOST RECENT 13F FILINGS
SOURCE → 10-K · 10-Q · 8-K / GUIDANCE · ALL FILINGS
FILING DATA AS OF 2026-08-10. Figures are derived from public SEC EDGAR filings (40most recent quarters shown, Q4 implied as full-year minus Q1-Q3). Valuation multiples use each period’s fiscal period-end close. Live price charts and quotes are provided by TradingView. This page is informational only — it is not investment advice, and figures are not warranted for accuracy. EBITDA is not a GAAP measure; it is derived as operating income + D&A. Verify against the linked source filing before relying on any number here.