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Incyte INCY Price / sales

Price / sales at other companies

Bristol-Myers Squibb logo
Bristol-Myers SquibbBMY
2.6×-0.1×
Pfizer logo
PfizerPFE
2.5×+0.2×
Gilead Sciences logo
Gilead SciencesGILD
5.8×+1.0×
Johnson & Johnson logo
Johnson & JohnsonJNJ
6.1×+1.6×
Amgen logo
AmgenAMGN
5.1×+0.2×
Biogen logo
BiogenBIIB
2.7×+0.7×

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×

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 price / sales?
Incyte (INCY) reported price / sales of 3.5× in Q1 2026.
How has Incyte's price / sales changed year-over-year?
Incyte's price / sales increased by 31.6% year-over-year, from 2.7× to 3.5×.
What is the long-term trend for Incyte's price / sales?
Over 4 years (2021 to 2025), Incyte's price / sales has grown at a -14.7% compound annual growth rate (CAGR), from 24.1× to 12.8×.
What does price / sales mean?
How many dollars investors pay for each dollar of the company's annual sales.
How do you interpret price / sales?
Useful when earnings are negative or volatile (e.g. early-stage or cyclical firms). Only comparable across companies with similar margins — a sales dollar is worth more at a high-margin business.
How does price / sales compare across companies?
Best compared within a margin cohort; a software P/S and a retailer P/S are not directly comparable.