Incyte (INCY) FCF Margin (2010 - 2026)
Incyte (INCY) recorded FCF Margin of 29.58% in Q2 2026, up 27.47 percentage points from 2.11% a year earlier and up 1.36 percentage points from the prior quarter.
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Analysis
Incyte (INCY) FCF Margin (2010 - 2026) Analysis & Trends
On a TTM basis, Incyte's FCF Margin came in at 33.00% as of Jun 30, 2026, up 12.10 percentage points year-over-year; for FY2025, it came in at 26.35%, up 20.48 percentage points from FY2024.
- Annual FCF Margin has a five-year change of +38.05 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at 5.87% in FY2024 (-6.68 pp), 12.56% in FY2023 (-13.72 pp), 26.28% in FY2022 (+7.24 pp) and 19.04% in FY2021 (+30.74 pp).
- Quarterly FCF Margin has ranged from -60.33% in Q2 2024 to 39.87% in Q3 2025 over the past five years.
- On a year-over-year basis, FCF Margin has increased for eight consecutive quarters, with an average year-over-year change of +17.45 percentage points over the last eight quarters.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 62.44 percentage points in Q2 2025, against a drop of 91.67 percentage points in Q2 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 28.22% (Q1 2026), 34.60% (Q4 2025) and 39.87% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,136.97 Bn | 1,105.55 Bn | 19.71 Bn | 33.76% |
| 2 | Johnson & Johnson | 619.72 Bn | 538.25 Bn | 17.26 Bn | 28.82% |
| 3 | AbbVie | 503.40 Bn | 476.52 Bn | 12.70 Bn | 18.33% |
| 4 | Merck | 370.15 Bn | 324.53 Bn | 12.21 Bn | 26.96% |
| 5 | Novartis Ag | 298.64 Bn | 262.63 Bn | 11.24 Bn | 38.60% |
| 6 | Astrazeneca | 261.07 Bn | 234.76 Bn | 12.86 Bn | 6.55% |
| 7 | Amgen | 237.00 Bn | 192.40 Bn | 7.24 Bn | 34.70% |
| 8 | Gilead Sciences | 191.24 Bn | 165.43 Bn | 6.22 Bn | 44.00% |
| 9 | Pfizer | 170.31 Bn | 116.96 Bn | 10.94 Bn | 2.01% |
| 10 | Incyte | 22.74 Bn | 7.67 Bn | 1.57 Bn | 29.58% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.58% |
| Mar 31, 2026 | 28.22% |
| Dec 31, 2025 | 34.60% |
| Sep 30, 2025 | 39.87% |
| Jun 30, 2025 | 2.11% |
| Mar 31, 2025 | 24.97% |
| Dec 31, 2024 | 30.87% |
| Sep 30, 2024 | 26.86% |
| Jun 30, 2024 | -60.33% |
| Mar 31, 2024 | 23.76% |
| Dec 31, 2023 | 14.35% |
| Sep 30, 2023 | 14.89% |
| Jun 30, 2023 | 31.34% |
| Mar 31, 2023 | -14.53% |
| Dec 31, 2022 | 28.31% |
| Sep 30, 2022 | 32.62% |
| Jun 30, 2022 | 17.82% |
| Mar 31, 2022 | 27.10% |
| Dec 31, 2021 | 9.37% |
| Sep 30, 2021 | 27.42% |
API Access
Incyte FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=INCY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "INCY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=INCY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();