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%-0.1pp	371.2%-0.4pp	371.1%-1.0pp	371%-1.5pp	371.2%-1.5pp
Operating margin	116.1%+112pp	90%+71.2pp	62%+27.8pp	29.9%-19.5pp	4.5%-56.6pp
Net margin	95.4%+90.9pp	69.2%+45.3pp	44.9%+5.7pp	21%-29.2pp	4.6%-53.6pp
EBITDA margin	123.5%+110pp	97.7%+70.1pp	70%+26.9pp	38.2%-20.2pp	13.1%-56.9pp
Free cash flow margin	103.3%+86.2pp	83.6%+53.4pp	64.1%+28.4pp	40.4%-9.9pp	17.1%-55.6pp
Returns
Return on equity	115.4%+111pp	85%+65.8pp	55.9%+25.0pp	26.3%-13.1pp	4.5%-40.7pp
Return on assets	80.2%+77.0pp	58.7%+44.2pp	38.4%+15.1pp	18%-11.9pp	3.2%-31.3pp
Return on invested capital	216.3%+211pp	155.3%+128pp	97.6%+46.6pp	42.6%-29.9pp	5.1%-83.8pp
Efficiency
Asset turnover	3.4×+0.6×	3.2×+0.5×	3.1×+0.5×	3×+0.5×	2.8×+0.4×
Inventory turnover	4.3×-0.5×	4.2×-1.0×	4.2×-1.6×	4.5×-2.4×	4.8×-3.4×
Liquidity
Current ratio	13×+5.2×	11.4×+2.2×	10.1×-1.0×	8.7×-4.3×	7.8×-7.1×
Quick ratio	12×+5.0×	10.4×+2.0×	9.1×-1.2×	7.8×-4.6×	7×-7.3×
Cash ratio	7.7×+4.0×	6.5×+1.5×	5.5×-1.1×	4.6×-4.0×	3.8×-6.9×
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×+56.1×	-12.1×+48.1×	-21×+32.9×	-55.3×-31.8×	-63.1×-42.7×
Interest coverage	2,450.3×+2,367×	1,830.6×+1,544×	1,233.6×+730×	560.1×-172×	82.9×-818×
Per Share
Book value per share	$97.01+49.7%	$88.33+26.1%	$78.96+3.0%	$72.06-12.4%	$64.81-27.6%
Valuation
Market capitalization	$68.04B+28.3%	$61.03B+12.8%	$54.94B+0.1%	$52.8B-1.2%	$53.05B-1.3%
Enterprise value	$57.25B+21.0%	$51.76B+10.2%	$47.09B+1.9%	$46.1B+7.7%	$47.31B+15.4%
Price / earnings	57.4×-1,485×	595.3×-414×	988.2×+364×	1,418.2×+1,207×	1,542.7×+1,434×
Price / sales	13.6×+0.8×	12.8×-0.8×	12.1×-2.1×	12.2×-2.1×	12.9×-1.9×
Price / book	13.8×-2.3×	13.7×-1.6×	13.8×-0.4×	14.8×+2.6×	16.1×+5.5×
EV / EBITDA	37.1×-572×	65.3×-519×	132.7×-390×	495.2×+328×	609.2×+543×
EV / sales	11.5×0.0×	10.8×-0.9×	10.4×-1.6×	10.7×-0.8×	11.5×+0.2×
Free cash flow yield	30.3%+24.4pp	25.5%+16.4pp	20.7%+10.6pp	13.8%-0.3pp	5.9%-13.9pp
Earnings yield	28%+26.6pp	20.5%+13.5pp	14.1%+3.1pp	7.2%-6.9pp	1.4%-14.6pp
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.