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Incyte INCY Free cash flow

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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%

Valuation

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Market cap$25.29B+52.7%
Enterprise value$21.34B+45.7%
P/E15.7×-3.3×
P/S4.4×+0.7×

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×
Current ratio4.6×+1.7×

Where this comes from

Calculated from Incyte’s reported figures.

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 free cash flow?
Incyte (INCY) reported free cash flow of $509.29M in Q2 2026.
How has Incyte's free cash flow changed year-over-year?
Incyte's free cash flow increased by 1068.5% year-over-year, from $43.59M to $509.29M.
What is the long-term trend for Incyte's free cash flow?
Over 4 years (2021 to 2025), Incyte's free cash flow has grown at a 25.5% compound annual growth rate (CAGR), from $568.48M to $1.41B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

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