The Tip Desk

INCYTE CORP

Company Stats

Market Cap
$24.6B
as of Sep 30, 2026
Shares Outstanding
202.7M
Free Float
68.7%

Income Statement

Revenue
$5.1B
Operating Income
$1.5B
Net Income
$1.3B
EBITDA
$1.6B
Non-cash Impairment
$76.3M
Revenue Growth, 3Y
14.8%
FCF Margin, 3Y Avg
16.2%
FCF Margin, Worst Year
7.8%

Cash Flow

Free Cash Flow
$1.4B
FCF Yield
5.7%
Owner FCF Yield
4.7%

Balance Sheet

Cash & Equivalents
$3.1B

Returns & Capital

Buyback Yield, 3Y Avg
2.7%
SBC, 3Y Avg
$243.8M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$5.1B$1.4B27.4%
FY2024$4.2B$332.7M7.8%
FY2023$3.7B$491.4M13.3%
FY2022$3.4B$892.1M26.3%
FY2021$3.0B$568.5M19.0%

Annual filing data through FY ended December 31, 2025; shares and float as of October 23, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage