INCY

— Fundamental Stock Analysis and Report Card

Healthcare : Biotechnology

Located in Wilmington, DE, US. Incyte Corporation is a biopharmaceutical firm engaged in the research, development, and global marketing of its own innovative therapies. Its current product offerings include JAKAFI, prescribed for myelofibrosis and polycythemia vera; PEMAZYRE, a fibroblast growth factor receptor kinase inhibitor that targets oncogenic drivers in various liquid and solid tumor types; and ICLUSIG, a kinase inhibitor utilized for chronic myeloid leukemia and Philadelphia-chromosome positive acute lymphoblastic leukemia. Beyond its marketed drugs, Incyte's pipeline features several promising candidates. Among its clinical-stage assets are ruxolitinib, targeting steroid-refractory chronic graft-versus-host disease (GVHD), and itacitinib, which is undergoing Phase II/III trials for newly diagnosed chronic GVHD. Pemigatinib is also being investigated for conditions such as bladder cancer, cholangiocarcinoma, myeloproliferative syndrome, and other tumor types. Further advancing its research, the company is developing Parsaclisib, currently in Phase II studies for follicular lymphoma, marginal zone lymphoma, and mantle cell lymphoma. Additionally, Retifanlimab is in Phase II development for multiple indications, including MSI-high endometrial cancer, Merkel cell carcinoma, anal cancer, and non-small cell lung cancer. Incyte maintains a broad network of strategic alliances with numerous pharmaceutical and biotech companies, including key partners like Novartis International Pharmaceutical Ltd., Eli Lilly and Company, and Agenus Inc., among many others. These collaborations extend to clinical trials, notably joint efforts with MorphoSys AG and Xencor, Inc., to evaluate a combination therapy involving tafasitamab, plamotamab, and lenalidomide for patients with recurrent or resistant diffuse large B-cell lymphoma and follicular lymphoma. Established in 1991, the corporation's main offices are situated in Wilmington, Delaware.

Growth

Revenue, earnings and profitability.

Strong revenue growth and earnings can attract investors, driving the stock price up. Profitability indicates the company's efficiency and sustainability, which impacts investor confidence. Poor performance in these areas can lead to a decrease in stock price.

Revenue History

Earnings History

Margins

Gross Margin TTM
92.48%
EBITDA Margin TTM
34.90%
Net Margin TTM
26.71%
Earnings Per Share TTM
7.18
Statements

Income & Cash Flow analysis.

An income statement shows what a company earned and spent over a period — revenue at the top, costs and expenses in between, and net income at the bottom. A cash flow statement tracks the actual cash moving in and out, across operations, investing, and financing. Read together, they show whether reported earnings are backed by real cash.

Incyte Corporation
Select Period:
Q1 2026
Total ($)
Q1 2026
Margin (%)
Revenue
1.3b
+219.8m
+20.9%
Gross Income
1.2b
+188.5m
+19.2%
92%
-1.3pp
-1.4%
EBITDA
368.0m
+110.8m
+43.1%
29%
+4.5pp
+18.4%
Operating Income
324.2m
+107.5m
+49.6%
25%
+4.9pp
+23.8%
Net Income
303.3m
+145.1m
+91.7%
24%
+8.8pp
+58.6%
Earnings Per Share
1.52
+0.7
+85.4%
Operating Cash Flow
369.4m
+103.3m
+38.8%
29%
+3.8pp
+14.8%
Free Cash Flow
359.2m
+96.3m
+36.6%
28%
+3.3pp
+13.0%
Research & Development
515.9m
+78.6m
+18.0%
41%
-1.0pp
-2.4%
Recommendations

What are the analysts saying?

Analyst Consensus aggregates Wall Street recommendations into buy/hold/sell counts, while the Fundamental Scorecard grades the company on six financial ratios (P/B, P/E, D/E, ROA, ROE, DCF) plus an overall score. The two measure different things and can point in different directions.

Analyst Consensus
Fundamental Scorecard
Recent Upgrades & Downgrades
BMO Capital
a month ago
Oppenheimer
a month ago
Bernstein
2 months ago