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Incyte

(NASDAQ) INCY

Current Price$116.61
Market Cap$22.99BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1993)+6,038%
5 Year+47%
1 Year+69%
1 Month+13%
Incyte last closing stock price
MetricPriceDate
Last closeUSD 115.092026-07-15
Incyte stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-1.85%USD 117.262026-07-08
1 month+12.86%USD 101.982026-06-15
3 month+20.74%USD 95.322026-04-16
Year to date+16.52%USD 98.772025-12-31
1 year+68.63%USD 68.252025-07-15
3 year+86.35%USD 61.762023-07-14
5 year+46.93%USD 78.332021-07-16
Since inception+6,038.13%USD 1.881993-11-04

Incyte Financials at a Glance

Market Cap

$22.99BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$5.36B

Net Income (TTM)

$1.43B

EPS (TTM)

$7.07

P/E Ratio

16.27

Dividend

$0.00

Beta (Volatility)

0.54 (Low)

Price

$116.61

Volume

1,353,630

Open

$115.01

Previous Close

$116.65

Daily Range

$114.13 - $117.18

52-Week Range

$67.17 - $118.97

Estimated Earnings Date

Jul 28, 2026

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About Incyte

Incyte makes medicines to help people with rare blood cancers and serious skin disorders. These drugs target specific proteins in the body to stop diseases from growing or spreading. The company also creates creams that help patients regain skin color lost to autoimmune conditions.

The Product Portfolio

  • Hematology: Medicines for rare blood cancers and immune responses, including JAKAFI for myelofibrosis and bone marrow disorders.
  • Oncology: Targeted therapies like PEMAZYRE for bile duct cancer and ZYNYZ for rare skin and anal cancers.
  • Dermatology: Medicated creams like OPZELURA for treating atopic dermatitis, a condition causing red and itchy skin, and vitiligo.
  • Partnered Programs: Licensed drugs such as OLUMIANT, which partner Eli Lilly uses to treat rheumatoid arthritis and alopecia.

Growth and Expansion

  • Acquired exclusive global rights to the lymphoma drug tafasitamab in February 2024 after terminating a deal with MorphoSys.
  • Formed a worldwide agreement with Syndax Pharmaceuticals in September 2021 to develop NIKTIMVO for chronic graft-versus-host disease.
  • Partnered with Enable Injections in October 2025 to use an on-body delivery system for future blood disorder treatments.
  • Expanded a long-term collaboration with Eli Lilly in October 2025 to include the treatment of Type 1 diabetes.

What Makes Incyte Different

The company maintains a large in-house research hub in Delaware to handle everything from drug discovery to final testing. This central setup allows scientists to quickly move new compounds into clinical trials to see if they work as intended.

Financial Performance

  • Revenue reached $1.5 billion in Q4 2025, marking a 27.8% increase from Q4 2024.
  • Net income grew to $299.3 million in Q4 2025, up 48.7% from the previous year.
  • Free cash flow hit $521.4 million in Q4 2025, a 43.3% rise year-over-year.
  • Operating income rose to $383.9 million in Q4 2025, up 29% from Q4 2024.

The Bottom Line

Incyte has transitioned from a research-heavy biotech firm into a global commercial business with multiple approved drugs. Its focus on specialized blood and skin treatments has created a diverse portfolio of cancer and autoimmune therapies.

AI Generated • Apr 20, 2026

Industry

Biotechnology

Employees

2,844

CEO

William J. Meury

Headquarters

Wilmington, DE 19803, US

INCY Financials

Key Financial Metrics (TTM)

Gross Margin

92.48%

Operating Margin

27.05%

Net Income Margin

26.71%

Return on Equity

29.31%

Return on Capital

25.64%

Return on Assets

19.51%

Earnings Yield

6.15%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$22.99BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

199.78M

Volume

1.35M

Avg. Volume

1.73M

Financials (TTM)

Gross Profit

$4.96B

Operating Income

$1.45B

EBITDA

$1.87B

Operating Cash Flow

$1.52B

Capital Expenditure

-$65.90M

Free Cash Flow

$1.45B

Cash & ST Invst.

$4.02B

Total Debt

$33.83M

Incyte Performance Analysis

Incyte annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 3,394,635,00013.7%
20232023-12-31USD 3,695,649,0008.9%
20242024-12-31USD 4,241,217,00014.8%
20252025-12-31USD 5,141,242,00021.2%
Incyte sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3015.4%
Q32025-09-3012.4%
Q42025-12-3110.3%
Q12026-03-31-15.5%
Incyte annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 1.52-64.4%
20232023-12-31USD 2.6573.9%
20242024-12-31USD 0.15-94.1%
20252025-12-31USD 6.414038.7%
Incyte sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30155.0%
Q32025-09-303.4%
Q42025-12-31-30.8%
Q12026-03-310.7%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$1.27B

+20.9%

Gross Profit

$1.17B

+19.2%

Gross Margin

91.79%

N/A

Market Cap

$22.99BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$8.08M

N/A

Employees

2,844

N/A

Net Income

$303.33M

+91.7%

EBITDA

$367.97M

+43.1%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$4.02B

+66.7%

Total Debt

$33.83M

-21.5%

Accounts Receivable

$1.05B

+27.7%

Inventory

$115.62M

+80.7%

Long Term Debt

$29.41M

-9.9%

Short Term Debt

$4.41M

-57.9%

Return on Assets

19.51%

N/A

Return on Invested Capital

24.79%

N/A

Free Cash Flow

$359.15M

+36.6%

Operating Cash Flow

$369.35M

+38.8%

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Questions About INCY

What is the current price of Incyte?

Incyte is trading at $116.65 per share.

What is the 52-week range for Incyte?

Over the past 52 weeks, Incyte has traded between $67.17 and $118.97.

How much debt does Incyte have?

As of the most recent reporting period, Incyte reported total debt of $39.43M.

How much cash does Incyte have on hand?

Incyte reported $3.46B in cash and cash equivalents in its most recent financial results.

What is Incyte’s dividend yield?

Incyte does not currently have a dividend yield.

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