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NASDAQ · SERVICES-COMMERCIAL PHYSICAL & BIOLOGICAL RESEARCH · LARGE CAP

Incyte Corp. INCY

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$5.1B
▲ 21.2% YoY
$1.3B
▲ 3845.0% YoY
In brief

What this company does

Its global headquarters are located in Wilmington, Delaware, where it conducts discovery, clinical development and commercial operations, and it also conducts clinical development and commercial operations from its European headquarters in Morges, Switzerland, its Japanese headquarters in Tokyo and its Canadian headquarters in Montreal. As of December 31, 2025, it had 2,844 employees. It is organized around three therapeutic areas, defined by the indications of its approved medicines and the diseases for which its clinical candidates are being developed: Hematology, Oncology, and Inflammation and Autoimmunity. Incyte was incorporated in Delaware in 1991.

Written from the business description in INCYTE CORP's annual report to the U.S. Securities and Exchange Commission, filed 10 February 2026. Every sentence was checked against that document before publication.

Growth
USD 5.1B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 5.1 · Net income 1.3
2B4B200920112013201520172019202120232025
Compound annual growth
+14.8%
+14.0%
+21.2%
+25.5%
+55.7%
+61.6%
+71.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +14.0% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
25 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 29.5% · Net 25.0%
-500%-1000%-1500%200920112013201520172019202120232025
ROE
FY2025 · ROE 29.9%
10%20%30%-10%-20%-30%200920112013201520172019202120232025

Each USD of equity produced 30 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2022 · FCF 892.1
400M800M-200M200920112013201520172019202120232025
Net buybacks $B Dividends $B
FY2025 · Dividends — · Net buybacks 0.0
0.8B1.6B2022202320242025

Total assetsUSD 7.0B
EquityUSD 5.2B
CashUSD 3.1B
Current ratio3.32×

Equity funds 74% of total assets.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B5.14.23.73.43.02.72.21.91.51.10.80.50.40.30.10.20.0
Operating income $B1.50.10.60.60.6−0.30.40.1−0.20.10.1−0.0−0.00.0−0.10.0−0.1
EBITDA $B1.60.20.70.60.6−0.20.50.2−0.20.20.10.00.00.0−0.10.0−0.1
Income tax $B0.40.30.20.2−0.40.10.00.00.00.00.0−0.00.00.0···
Net income $B1.30.00.60.30.9−0.30.40.1−0.30.10.0−0.0−0.1−0.0−0.2−0.0−0.2
Free cash flow $B···0.90.6−0.30.60.3−0.20.20.1−0.00.0−0.1−0.20.10.0
EPS, diluted $6.410.152.651.524.27−1.362.050.51−1.530.540.03−0.29−0.56−0.34−1.49−0.26−2.06
Dividend / sh $·················
Payout %·················
ROE %29.90.812.58.429.7−11.419.86.2−30.535.314.6······
Shares out B0.200.190.220.220.220.220.220.210.210.190.190.170.160.130.130.12·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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Provenance
Company facts, as filed
How we verify · 0 failures in 65 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 16 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Commercial Physical & Biological Research
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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