Skip to content
Incyte logo

Incyte

INCY

Incyte is a global biopharmaceutical company specializing in the discovery, development, and commercialization of proprietary therapeutics.

Market cap
$23.68B+73.9%
Revenue$5.4B+21.5%
Net income$1.4B+6,631%
Free cash flow$1.5B+301%
EPS (diluted)$7.08+2,732%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 28, 2026 (In 2 weeks)
Revenue estimate$1.4B
EPS estimate$1.97

Financials

Q1 2026

Income statement

See full
Revenue$1.3B+20.9%
Gross profit$1.2B+19.2%
Operating income$301.1M+46.8%
Net income$303.3M+91.7%
EPS (diluted)$1.47+83.7%

Balance sheet

See full
Cash & equivalents$3.5B+78.2%
Total debt$39.4M-8.6%
Total equity$5.6B+53.3%
Total assets$7.3B+27.7%

Cash flow

See full
Operating cash flow$369.4M+38.8%
CapEx$1.6M-43.5%
Free cash flow$367.7M+39.7%

Valuation & ratios

Valuation

See full
Market cap$23.68B+73.9%
Enterprise value$20.25B+82.4%
P/E16.5×+1.6×
P/S4.4×+1.6×

Profitability

See full
Gross margin92.5%-0.2pp
Operating margin30%+26.1pp
Net margin26.7%+26.2pp
FCF margin28.2%+19.7pp

Returns & leverage

See full
Return on equity30.8%+30.4pp
Debt / equity0.0×
Current ratio3.7×+1.6×

Segments

By product

See full
JAKAFI$757.8M+6.8%
OPZELURA$143.0M+20.5%
JAKAVI Royalty Revenues$105.6M+14.6%
NIKTIMVO$55.1M+305%
MINJUVI/MONJUVI$49.2M+66.6%

By geography

See full
Europe$92.4M+34.7%
Other countries$8.8M+222%

By segment

See full
Reportable Segment$1.3B+20.9%

Competitors

Profile

Incyte is a global biopharmaceutical company specializing in the discovery, development, and commercialization of proprietary therapeutics. The company focuses on three core therapeutic areas: Hematology, Oncology, and Inflammation and Autoimmunity. Its primary value proposition lies in its ability to bring first-in-class and best-in-class treatments to market for rare blood cancers and immune-related conditions.

Competitive position

A leading player in the JAK inhibitor space with a dominant market position in myelofibrosis and polycythemia vera treatments.

GeographiesUnited States, Europe, Japan, Canada
Customer segmentsPatients with rare diseases, Healthcare providers, Specialty distributors
Business modelR&D-based drug development, Direct commercialization, Licensing and royalties
SuppliersContract manufacturing organizations, Raw material suppliers, Clinical research organizations
CustomersSpecialty pharmacy providers, Pharmaceutical wholesalers, Government healthcare programs, Private insurers
Listed1993
Employees2.5K
CEOWilliam J. Meury
Websiteincyte.com
FilingsSEC EDGAR

Questions, answered.

What is Incyte's market cap?
Incyte (INCY) has a market capitalization of $23.7B and trades on NASDAQ.
What is Incyte's revenue and profitability?
Incyte generated $5.4B in trailing twelve-month revenue with net income of $1.4B, representing a net margin of 26.7%. Gross margin stands at 92.5%, with free cash flow of $1.5B. These figures are based on the Q1 2026 filing.
Who are Incyte's competitors?
Incyte's key competitors include Gilead Sciences, Bristol-Myers Squibb, Pfizer, and others. These companies compete in similar markets and product categories.
Who does Incyte partner with?
Incyte's notable partners include Novartis, MorphoSys, Syndax Pharmaceuticals, and others.
What subsidiaries does Incyte have?
Incyte's subsidiaries include Incyte Biosciences Europe Sàrl, ARIAD Pharmaceuticals (European Operations).
Where is Incyte headquartered?
Incyte is headquartered in United States of America and employs approximately 2,524 people. It has been publicly traded since 1993.