INCYTE CORP INCY
INCYTE CORP statistics & valuation
Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($60.94); a green figure means the price is below it.
Profitability & efficiency
Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).
P / E vs its own history
INCYTE CORP trades at about 18.8× earnings — below its 10-year norm (10-year range 15.6×–2352×, median 56×).
Shaded band = 10-year range (15.6×–2352×); dot = today's 18.8×.
Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.
Key ratios (by fiscal year)
| Ratio | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 29.5% | 1.4% | 16.8% | 17.1% | 19.6% | -9.9% | 18.6% | 6.9% | -15.8% | 13.1% |
| Net margin | 25.0% | 0.8% | 16.2% | 10.0% | 31.8% | -11.1% | 20.7% | 5.8% | -20.4% | 9.4% |
| Return on assets | 18.5% | 0.6% | 8.8% | 5.8% | 19.2% | -8.3% | 13.0% | 4.1% | -13.6% | 6.4% |
| Return on equity | 24.9% | 0.9% | 11.5% | 7.8% | 25.2% | -11.3% | 17.2% | 5.7% | -19.2% | 24.8% |
| Debt / equity | — | — | — | — | — | — | — | 9.91× | 0.02× | 1.79× |
| Current ratio | 3.32 | 1.97 | 3.75 | 3.54 | 3.65 | 3.74 | 4.83 | 4.31 | 4.01 | 3.64 |
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.