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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Incyte (INCY) Gross Margin (2016 - 2025)

Incyte's Gross Margin history spans 16 years, with the latest figure at 91.96% for Q4 2025.

  • For Q4 2025, Gross Margin fell 53.0% year-over-year to 91.96%; the TTM value through Dec 2025 reached 92.76%, up 12.0%, while the annual FY2025 figure was 92.76%, 12.0% up from the prior year.
  • Gross Margin reached 91.96% in Q4 2025 per INCY's latest filing, down from 92.75% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 95.17% in Q1 2021 to a low of 91.96% in Q4 2025.
  • Average Gross Margin over 5 years is 93.49%, with a median of 93.24% recorded in 2022.
  • Peak YoY movement for Gross Margin: tumbled -173bps in 2022, then skyrocketed 86bps in 2025.
  • A 5-year view of Gross Margin shows it stood at 94.92% in 2021, then dropped by -1bps to 93.62% in 2022, then dropped by -1bps to 93.12% in 2023, then fell by -1bps to 92.49% in 2024, then decreased by -1bps to 91.96% in 2025.
  • Per Business Quant, the three most recent readings for INCY's Gross Margin are 91.96% (Q4 2025), 92.75% (Q3 2025), and 93.52% (Q2 2025).