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%-0.2pp	92.8%+0.1pp	92.9%+0.1pp	92.9%-0.2pp	92.7%-0.5pp
Operating margin	30%+26.1pp	29.5%+28.0pp	30.8%+32.1pp	25.8%+25.4pp	4%-14.3pp
Net margin	26.7%+26.2pp	25%+24.3pp	24.7%+23.9pp	19%+16.5pp	0.5%-19.3pp
EBITDA margin	31.8%+25.8pp	31.3%+27.7pp	32.7%+31.8pp	27.8%+25.1pp	6%-14.5pp
Free cash flow margin	28.2%+19.7pp	27.4%+19.6pp	25.9%+23.6pp	21.7%+23.4pp	8.6%-13.2pp
Returns
Return on equity	30.8%+30.4pp	29.9%+29.1pp	30.4%+29.6pp	24.3%+21.8pp	0.5%-14.7pp
Return on assets	21.9%+21.5pp	20.7%+20.2pp	21%+20.4pp	16.6%+14.8pp	0.3%-11.2pp
Return on invested capital	65.6%+61.0pp	59.3%+57.7pp	53.6%+55.0pp	37.9%+37.5pp	4.5%-22.2pp
Efficiency
Asset turnover	0.8×+0.1×	0.8×+0.1×	0.8×+0.1×	0.9×+0.2×	0.7×+0.1×
Inventory turnover	1.2×+0.1×	1.1×0.0×	1×-0.3×	1×-0.3×	1×-0.3×
Liquidity
Current ratio	3.7×+1.6×	3.3×+1.3×	3.2×+1.3×	2.8×+0.9×	2×-1.4×
Quick ratio	3.5×+1.6×	3.1×+1.3×	2.9×+1.2×	2.6×+0.8×	1.8×-1.5×
Cash ratio	2.3×+1.2×	2×+1.0×	1.8×+1.0×	1.5×+0.8×	1.1×-1.3×
Leverage
Debt-to-equity	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Debt-to-assets	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Net debt / EBITDA	-2×+5.2×	-1.9×+8.9×	-1.5×+34.3×	-1.5×+7.7×	-7.2×-2.9×
Interest coverage	689.3×+620×	623.9×+597×	653.6×+673×	483.5×+477×	69.6×-204×
Per Share
Book value per share	$27.19+46.9%	$25.75+57.2%	$23.09+42.6%	$20.99+52.8%	$18.50-22.1%
Valuation
Market capitalization	$18.73B+59.9%	$19.39B+45.7%	$16.56B+14.8%	$13.36B-1.8%	$11.72B-8.4%
Enterprise value	$15.31B+55.9%	$16.35B+40.0%	$14.15B+7.6%	$11.44B-9.6%	$9.82B+3.6%
Price / earnings	13.1×-538×	15.1×-393×	13.9×-430×	15.3×-125×	550.9×+534×
Price / sales	3.5×+0.8×	3.8×+0.6×	3.4×-0.1×	2.9×-0.6×	2.7×-0.7×
Price / book	3.3×+0.1×	3.8×-0.1×	3.6×-1.0×	3.2×-1.3×	3.2×+0.8×
EV / EBITDA	9×-28.2×	10.2×-67.4×	9×-363×	9×-114×	37.1×+24.9×
EV / sales	2.9×+0.6×	3.2×+0.4×	2.9×-0.3×	2.5×-0.8×	2.2×-0.3×
Free cash flow yield	8.1%+4.9pp	7.3%+4.8pp	7.5%+6.9pp	7.5%+7.9pp	3.2%-3.2pp
Earnings yield	7.6%+7.5pp	6.6%+6.4pp	7.2%+7.0pp	6.5%+5.8pp	0.2%-5.6pp
PEG ratio	0×—	0×—	0×—	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.