Incyte (INCY) FCF Margin (2010 - 2026)
Incyte (INCY) posted FCF Margin of 28.89% for Q1 2026, down 24.33% on a QoQ basis from 38.18% in Q4 2025, and up 390.0% year-over-year from 5.9% in Q1 2025.
Incyte (INCY) FCF Margin (2010 - 2026) Analysis & Trends
Incyte's FCF Margin history runs 17 years deep, the most recent figure standing at 28.89% for Q1 2026.
- Quarterly FCF Margin rose 390.0% year-over-year to 28.89% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 28.22% (up 2157.0% YoY) and the FY2025 annual result came in at 27.4%, up 2152.0% from the prior year.
- FCF Margin was 28.89% for Q1 2026 at Incyte, down from 38.18% in the prior quarter.
- Across five years, FCF Margin topped out at 38.54% in Q3 2025 and bottomed at 55.18% in Q2 2024.
- A 5-year average of 18.79% and a median of 25.32% in 2024 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2024 — FCF Margin plunged 8715 bps — and 2025, when it soared 5877 bps.
- Incyte's FCF Margin stood at 31.19% in 2022, then plunged by 45 bps to 17.06% in 2023, then soared by 48 bps to 25.32% in 2024, then jumped by 51 bps to 38.18% in 2025, then dropped by 24 bps to 28.89% in 2026.
- Business Quant data shows INCY's FCF Margin at 28.89% in Q1 2026, 38.18% in Q4 2025, and 38.54% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 68,785.72 Bn | 68,785.72 Bn | - | - |
| 2 | Nanobiotix | 1,895.57 Bn | 1,895.51 Bn | - | - |
| 3 | BeOne Medicines | 471.35 Bn | 466.56 Bn | 1.35 Bn | 10.45% |
| 4 | NuCana | 279.75 Bn | 279.75 Bn | - | - |
| 5 | Vertex Pharmaceuticals | 120.24 Bn | 113.00 Bn | 2.59 Bn | 43.35% |
| 6 | Regeneron Pharmaceuticals | 67.80 Bn | 59.04 Bn | 3.31 Bn | 23.53% |
| 7 | Belite Bio | 62.51 Bn | 62.51 Bn | - | - |
| 8 | Argenx Se | 57.38 Bn | 57.38 Bn | 1.41 Bn | - |
| 9 | Revolution Medicines | 37.78 Bn | 37.78 Bn | - | - |
| 10 | Incyte | 23.33 Bn | 19.32 Bn | 1.17 Bn | 28.89% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 28.89% |
| Dec 31, 2025 | 38.18% |
| Sep 30, 2025 | 38.54% |
| Jun 30, 2025 | 3.59% |
| Mar 31, 2025 | 25.00% |
| Dec 31, 2024 | 25.32% |
| Sep 30, 2024 | 27.08% |
| Jun 30, 2024 | -55.18% |
| Mar 31, 2024 | 24.80% |
| Dec 31, 2023 | 17.06% |
| Sep 30, 2023 | 13.28% |
| Jun 30, 2023 | 31.97% |
| Mar 31, 2023 | -13.44% |
| Dec 31, 2022 | 31.19% |
| Sep 30, 2022 | 36.01% |
| Jun 30, 2022 | 19.86% |
| Mar 31, 2022 | 27.27% |
| Dec 31, 2021 | 9.37% |
| Sep 30, 2021 | 17.14% |
| Jun 30, 2021 | 26.95% |