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Incyte INCY Current ratio

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1.5×+0.3×
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6.8×-1.1×
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17.8×+0.5×

Other financials

Income statement

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Revenue$1.7B+37.7%
Gross profit$1.6B+38.0%
Operating income$697.9M+31.6%
Net income$585.6M+44.6%
EPS (diluted)$2.81+37.7%

Balance sheet

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Cash & equivalents$4.0B+104%
Total debt$38.3M-9.8%
Total equity$6.3B+52.1%
Total assets$7.9B+35.2%

Cash flow

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Operating cash flow$507.7M+1,035%
CapEx$1.6M-43.5%
Free cash flow$509.3M+1,069%

Valuation

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Market cap$24.23B+59.0%
Enterprise value$20.28B+52.2%
P/E15×-2.5×
P/S4.2×+0.8×

Profitability

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Gross margin92.6%-0.3pp
Operating margin30.6%+4.8pp
Net margin27.7%+8.7pp
FCF margin34%+12.3pp

Returns & leverage

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Return on equity30.7%+6.4pp
Debt / equity0.0×

Where this comes from

Calculated from Incyte’s reported figures.

Based on the most recent quarter.

The source filing: Incyte’s 10-Q, filed July 28, 2026. Open the filing →

Filed
Jul 28, 2026, 4:02 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000879169-26-000056

FAQ

What is Incyte's current ratio?
Incyte (INCY) reported current ratio of 4.6× in Q2 2026.
How has Incyte's current ratio changed year-over-year?
Incyte's current ratio increased by 61.2% year-over-year, from 2.8× to 4.6×.
What is the long-term trend for Incyte's current ratio?
Over 5 years (2020 to 2025), Incyte's current ratio has grown at a -2.4% compound annual growth rate (CAGR), from 3.7× to 3.3×.
What does current ratio mean?
Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.

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