What are Incyte's profit margins?

Incyte (INCY) runs a 92.5% gross margin and a 30.0% operating margin, with a 26.7% net margin.

Where do Incyte's ratios come from?

Every ratio is computed from Incyte's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Incyte INCY Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	92.5%-0.3pp	92.8%-0.2pp	92.9%+0.1pp	92.9%+0.2pp	92.7%0.0pp
Operating margin	30%+0.6pp	29.5%-1.3pp	30.8%+5.0pp	25.8%+21.8pp	4%+2.5pp
Net margin	26.7%+1.7pp	25%+0.3pp	24.7%+5.7pp	19%+18.5pp	0.5%-0.3pp
Returns
Return on equity	30.8%+1.0pp	29.9%-0.5pp	30.4%+6.1pp	24.3%+23.8pp	0.5%-0.3pp
Return on invested capital	65.6%+6.3pp	59.3%+5.7pp	53.6%+15.6pp	37.9%+33.4pp	4.5%+2.9pp
Efficiency
Asset turnover	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.9×+0.2×	0.7×0.0×
Liquidity
Current ratio	3.7×+0.4×	3.3×+0.1×	3.2×+0.3×	2.8×+0.8×	2×+0.1×
Leverage
Debt-to-equity	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Net debt / EBITDA	-2×-0.1×	-1.9×-0.4×	-1.5×0.0×	-1.5×+5.7×	-7.2×+3.6×
Per Share
Book value per share	$27.19+5.6%	$25.75+11.5%	$23.09+10.0%	$20.99+13.4%	$18.50+13.0%
Valuation
Market capitalization	$18.73B-3.4%	$19.39B+17.1%	$16.56B+24.0%	$13.36B+14.0%	$11.72B-11.9%
Price / earnings	13.1×-2.0×	15.1×+1.1×	13.9×-1.4×	15.3×-536×	550.9×+143×
Price / sales	3.5×-0.3×	3.8×+0.3×	3.4×+0.5×	2.9×+0.3×	2.7×-0.5×
Price / book	3.3×-0.4×	3.8×+0.2×	3.6×+0.4×	3.2×0.0×	3.2×-0.7×
EV / EBITDA	9×-1.2×	10.2×+1.2×	9×0.0×	9×-28.2×	37.1×-40.4×

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Questions, answered.

What are Incyte's profit margins?: Incyte (INCY) runs a 92.5% gross margin and a 30.0% operating margin, with a 26.7% net margin.
Where do Incyte's ratios come from?: Every ratio is computed from Incyte's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.