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Incyte INCY Current ratio

Current ratio at other companies

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1.4×+0.1×
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1.2×0.0×
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Gilead SciencesGILD
+0.6×
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Johnson & JohnsonJNJ
-0.2×
Amgen logo
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1.3×+0.1×
Biogen logo
BiogenBIIB
3.1×+1.6×

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$19.78B+59.9%
Enterprise value$16.35B+55.9%
P/E13.8×-568×
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×

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 current ratio?
Incyte (INCY) reported current ratio of 3.7× in Q1 2026.
How has Incyte's current ratio changed year-over-year?
Incyte's current ratio increased by 80.6% year-over-year, from 2× to 3.7×.
What is the long-term trend for Incyte's current ratio?
Over 4 years (2021 to 2025), Incyte's current ratio has grown at a -7.4% compound annual growth rate (CAGR), from 15.5× to 11.4×.
What does current ratio mean?
Whether the company has enough short-term assets to cover its short-term bills.
How do you interpret current ratio?
Above 1.0 means short-term assets cover short-term liabilities. Very high values can signal idle cash or bloated inventory/receivables rather than strength — there's a healthy middle, not 'more is better'.
How does current ratio compare across companies?
Comparable within an industry. Working-capital-light businesses can operate safely below 1.0 by collecting before they pay.