Incyte (INCY) FCF Margin (2010 - 2026)
Incyte (INCY) reported FCF Margin of 28.22% for Q1 2026, up 325.0% on a YoY basis from 6.64% in Q1 2025, and down 12.97% quarter-over-quarter from 32.43% in Q4 2025.
Incyte (INCY) FCF Margin (2010 - 2026) Analysis & Trends
Incyte has reported FCF Margin for 17 years, with the latest figure at 28.22% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin rose 325.0% year-over-year to 28.22%; the trailing twelve-month figure through Mar 2026 stood at 27.06% (up 1852.0% YoY), and the FY2025 full-year result was 26.35%, up 1850.0% from the prior year.
- FCF Margin for Q1 2026 stood at 28.22%, down from 32.43% in the prior quarter.
- The five-year high for FCF Margin was 40.94% in Q3 2025, with the low at 55.18% in Q2 2024.
- Historically, FCF Margin has averaged 18.8% across 5 years, with a median of 27.08% in 2024.
- Annual changes were most pronounced in 2024 — FCF Margin tumbled 8652 bps — and 2025, when it surged 5879 bps.
- Incyte's FCF Margin stood at 36.34% in 2022, then slumped by 69 bps to 11.37% in 2023, then soared by 185 bps to 32.42% in 2024, then gained by 0 bps to 32.43% in 2025, then retreated by 13 bps to 28.22% in 2026.
- The last three FCF Margin figures came in at 28.22% (Q1 2026), 32.43% (Q4 2025), and 40.94% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 925,601.88 Bn | 925,601.85 Bn | - | - |
| 2 | Belite Bio | 58,560.00 Bn | 58,560.00 Bn | - | - |
| 3 | Quantum Biopharma | 17,284.41 Bn | 17,284.40 Bn | - | - |
| 4 | Legend Biotech | 2,809.00 Bn | 2,808.71 Bn | 242.10 Mn | -3.98% |
| 5 | Evaxion A | 1,334.43 Bn | 1,334.42 Bn | - | - |
| 6 | Akari Therapeutics | 1,312.27 Bn | 1,312.26 Bn | - | - |
| 7 | Psyence Biomedical | 212.16 Bn | 212.16 Bn | - | - |
| 8 | Vertex Pharmaceuticals | 114.83 Bn | 107.58 Bn | 2.59 Bn | 43.35% |
| 9 | Abivax | 91.96 Bn | 91.96 Bn | - | - |
| 10 | Incyte | 19.62 Bn | 15.60 Bn | 1.17 Bn | 28.22% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 28.22% |
| Dec 31, 2025 | 32.43% |
| Sep 30, 2025 | 40.94% |
| Jun 30, 2025 | 3.61% |
| Mar 31, 2025 | 24.97% |
| Dec 31, 2024 | 32.42% |
| Sep 30, 2024 | 27.08% |
| Jun 30, 2024 | -55.18% |
| Mar 31, 2024 | 24.80% |
| Dec 31, 2023 | 11.37% |
| Sep 30, 2023 | 18.18% |
| Jun 30, 2023 | 31.34% |
| Mar 31, 2023 | -14.53% |
| Dec 31, 2022 | 36.34% |
| Sep 30, 2022 | 32.62% |
| Jun 30, 2022 | 17.68% |
| Mar 31, 2022 | 27.27% |
| Dec 31, 2021 | 27.21% |
| Sep 30, 2021 | 27.42% |
| Jun 30, 2021 | 11.31% |