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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	371.1%-0.2pp	371.2%+0.1pp	371.1%+0.1pp	371%-0.2pp	371.2%-0.5pp
Operating margin	116.1%+26.1pp	90%+28.0pp	62%+32.1pp	29.9%+25.4pp	4.5%-14.3pp
Net margin	95.4%+26.2pp	69.2%+24.3pp	44.9%+23.9pp	21%+16.5pp	4.6%-19.3pp
EBITDA margin	123.5%+25.8pp	97.7%+27.7pp	70%+31.8pp	38.2%+25.1pp	13.1%-14.5pp
Free cash flow margin	103.3%+19.7pp	83.6%+19.6pp	64.1%+23.6pp	40.4%+23.4pp	17.1%-13.2pp
Returns
Return on equity	115.4%+30.4pp	85%+29.1pp	55.9%+29.6pp	26.3%+21.8pp	4.5%-14.7pp
Return on assets	80.2%+21.5pp	58.7%+20.2pp	38.4%+20.4pp	18%+14.8pp	3.2%-11.2pp
Return on invested capital	216.3%+61.0pp	155.3%+57.7pp	97.6%+55.0pp	42.6%+37.5pp	5.1%-22.2pp
Efficiency
Asset turnover	3.4×+0.1×	3.2×+0.1×	3.1×+0.1×	3×+0.2×	2.8×+0.1×
Inventory turnover	4.3×+0.1×	4.2×0.0×	4.2×-0.3×	4.5×-0.3×	4.8×-0.3×
Liquidity
Current ratio	13×+1.6×	11.4×+1.3×	10.1×+1.3×	8.7×+0.9×	7.8×-1.4×
Quick ratio	12×+1.6×	10.4×+1.3×	9.1×+1.2×	7.8×+0.8×	7×-1.5×
Cash ratio	7.7×+1.2×	6.5×+1.0×	5.5×+1.0×	4.6×+0.8×	3.8×-1.3×
Leverage
Debt-to-equity	0×0.0×	0×0.0×	0×0.0×	0.1×0.0×	0.1×0.0×
Debt-to-assets	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Net debt / EBITDA	-6.9×+5.2×	-12.1×+8.9×	-21×+34.3×	-55.3×+7.7×	-63.1×-2.9×
Interest coverage	2,450.3×+620×	1,830.6×+597×	1,233.6×+673×	560.1×+477×	82.9×-204×
Per Share
Book value per share	$97.01+9.8%	$88.33+11.9%	$78.96+9.6%	$72.06+11.2%	$64.81-7.5%
Valuation
Market capitalization	$68.04B+11.5%	$61.03B+11.1%	$54.94B+4.1%	$52.8B-0.5%	$53.05B-2.0%
Enterprise value	$57.25B+10.6%	$51.76B+9.9%	$47.09B+2.2%	$46.1B-2.6%	$47.31B+0.7%
Price / earnings	57.4×-538×	595.3×-393×	988.2×-430×	1,418.2×-125×	1,542.7×+534×
Price / sales	13.6×+0.8×	12.8×+0.6×	12.1×-0.1×	12.2×-0.6×	12.9×-0.7×
Price / book	13.8×+0.1×	13.7×-0.1×	13.8×-1.0×	14.8×-1.3×	16.1×+0.8×
EV / EBITDA	37.1×-28.2×	65.3×-67.4×	132.7×-363×	495.2×-114×	609.2×+24.9×
EV / sales	11.5×+0.6×	10.8×+0.4×	10.4×-0.3×	10.7×-0.8×	11.5×-0.3×
Free cash flow yield	30.3%+4.9pp	25.5%+4.8pp	20.7%+6.9pp	13.8%+7.9pp	5.9%-3.2pp
Earnings yield	28%+7.5pp	20.5%+6.4pp	14.1%+7.0pp	7.2%+5.8pp	1.4%-5.6pp
PEG ratio	0×—	——	——	——	——

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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.