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Incyte INCY Cash ratio

Cash ratio at other companies

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0.5×0.0×
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0.1×0.0×
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0.8×+0.2×
Johnson & Johnson logo
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0.4×-0.3×
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0.0×
Biogen logo
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1.1×+0.6×

Other financials

Income statement

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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+83.8%

Balance sheet

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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

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

Valuation

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Market cap$19.62B+59.9%
Enterprise value$16.2B+55.9%
P/E13.7×-564×
P/S3.7×+0.9×

Profitability

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Gross margin92.5%-0.2pp
Operating margin30%+26.1pp
Net margin26.7%+26.2pp

Returns & leverage

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

Where this comes from

Calculated from Incyte’s reported figures.

Based on the most recent quarter.

The official record: Incyte’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Incyte's cash ratio?
Incyte (INCY) reported cash ratio of 2.3× in Q1 2026.
How has Incyte's cash ratio changed year-over-year?
Incyte's cash ratio increased by 105.8% year-over-year, from 1.1× to 2.3×.
What is the long-term trend for Incyte's cash ratio?
Over 4 years (2021 to 2025), Incyte's cash ratio has grown at a -11.2% compound annual growth rate (CAGR), from 10.5× to 6.5×.
What does cash ratio mean?
How much of its short-term bills the company could pay with cash on hand right now.
How do you interpret cash ratio?
A buffer against stress, but persistently high cash ratios can indicate under-deployed capital. Interpret alongside the company's capital-allocation strategy.
How does cash ratio compare across companies?
Varies widely by business model and treasury policy; best read against the company's own history.