Incyte revenue and financials
$112.73Change from previous close: −1.23%Absolute change: −$1.40
In the fiscal year ended December 2025, Incyte reported revenue of $5.14B (+21.22% year over year). Net income was $1.29B, a net margin of 25.0%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +21.22%
- 2025 vs 2024
- Net income growth
- +3,844.96%
- 2025 vs 2024
- Net margin
- 25.0%
- 2024: 0.8%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,413 | 335 | 496 | 970 | 749 | -125 | 711 | 336 | -93.0 | 305 |
| Depreciation and amortization | 93.3 | 89.2 | 82.7 | 67.9 | 57.8 | 51.8 | 54.5 | 55.0 | 52.2 | 58.4 |
| Capital expenditure | -58.9 | -86.3 | -32.5 | -77.8 | -181 | -187 | -78.1 | -73.5 | -111 | -120 |
| Investing cash flow | -103 | 158 | -208 | -78.5 | -208 | — | — | — | — | — |
| Financing cash flow | 101 | -2,022 | -20.0 | -0.8 | 6.2 | — | — | — | — | — |
| Share repurchases | 0.0 | -2,005 | 0.0 | 0.0 | -29.9 | — | — | — | — | — |
| Debt repaid | -4.5 | -3.8 | -3.4 | -2.9 | — | — | — | — | — | — |
| Effect of exchange rates | -1.7 | 2.9 | -6.7 | 3.4 | -3.6 | — | — | — | — | — |
| Net change in cash | 1,410 | -1,526 | 262 | 894 | 544 | — | — | — | — | — |
| Free cash flow | 1,355 | 249 | 464 | 892 | 568 | — | — | — | — | — |
| Levered free cash flow | 610 | 616 | 611 | 773 | 449 | — | — | — | — | — |