What is Incyte's operating cash flow?

Incyte (INCY) reported operating cash flow of $369.35M in Q1 2026.

How has Incyte's operating cash flow changed year-over-year?

Incyte's operating cash flow increased by 38.8% year-over-year, from $266.07M to $369.35M.

What is the long-term trend for Incyte's operating cash flow?

Over 4 years (2021 to 2025), Incyte's operating cash flow has grown at a 17.2% compound annual growth rate (CAGR), from $749.49M to $1.41B.

What does operating cash flow mean?

Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.

Incyte INCY Operating Cash Flow

Operating Cash Flow at other companies

Bristol-Myers SquibbBMY

$1.1B-43.5%

PfizerPFE

$2.62B+12.0%

Celldex TherapeuticsCLDX

-$65.59M-20.6%

Gilead SciencesGILD

$2.54B+44.8%

GeronGERN

-$62.91M-31.1%

Protagonist TherapeuticsPTGX

-$48.94M-139%

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+83.7%

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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CapEx$1.6M-43.5%

Free cash flow$367.7M+39.7%

Valuation

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Market cap$23.32B+78.0%

Enterprise value$19.89B+77.9%

P/E16.3×+1.2×

P/S4.4×+1.5×

Profitability

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Gross margin92.5%-0.2pp

Operating margin30%+26.1pp

Net margin26.7%+26.2pp

FCF margin28.2%+19.7pp

Returns & leverage

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Return on equity30.8%+30.4pp

Debt / equity0×0.0×

Current ratio3.7×+1.6×

Where this comes from

Reported directly by Incyte in its filing.

Tagged under the XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities.

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 operating cash flow?: Incyte (INCY) reported operating cash flow of $369.35M in Q1 2026.
How has Incyte's operating cash flow changed year-over-year?: Incyte's operating cash flow increased by 38.8% year-over-year, from $266.07M to $369.35M.
What is the long-term trend for Incyte's operating cash flow?: Over 4 years (2021 to 2025), Incyte's operating cash flow has grown at a 17.2% compound annual growth rate (CAGR), from $749.49M to $1.41B.
What does operating cash flow mean?: Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.