Incyte Corp.

Incyte Corp.

INCY

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Market Cap$19.33B
Close$

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P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Incyte Corp.Incyte Corp.13.5-26%3.8-

Earnings Call Q4 2025

February 10, 2026 - AI Summary

Strong Revenue Growth: Incyte reported a fourth-quarter revenue of $1.51 billion, up 28% year-over-year (YOY), with full-year revenue reaching $5.14 billion, a 21% increase YOY. The strong performance was attributed to robust sales from multiple products, particularly Jakafi, Opsilora, and their hematology and oncology line.
Core Business Performance: Jakafi's sales totaled $1.26 billion for the fourth quarter, a 53% increase YOY, indicating its continued importance. The 2026 guidance forecasts Jakafi net sales between $3.22 billion and $3.27 billion. The company expects its core business excluding Jakafi to grow over 30% in 2026, signifying optimism for diversification beyond Jakafi's revenue.
Pipeline Advancements: Incyte successfully transitioned multiple assets to late-stage development, with potential revenue drivers identified in multiple cancers and dermatological conditions, including new trials and therapy indications. There are 14 pivotal trials planned for 2026 across 7 assets, indicating a robust pipeline with expected data readouts and potential approvals.

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$111.13

Target Price by Analysts

13.4% upsideIncyte Target Price DetailsTarget Price
$209.94

Current Fair Value

114.3% upside

Undervalued by 114.3% based on the discounted cash flow analysis.

Share Statistics

Market cap$19.33 Billion
Enterprise Value$15.90 Billion
Dividend Yield$- (-)
Earnings per Share$6.59
Beta0.8
Outstanding Shares199,343,000

Return

Return on Equity25.79%ROE
Return on Assets19.51%
Return on Invested Capital29.43%

Valuation & Multiples

P/E Ratio13.47P/E Ratio
PEG14.68PEG
Price to Sales3.77Price to Sales
Price to Book Ratio3.63Price to Book Ratio
Enterprise Value to Revenue2.97
Enterprise Value to EBIT9.24
Enterprise Value to Net Income11
Total Debt to Enterprise0
Debt to Equity0.01Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 5, 2026
EPS Estimate
$1.38
Average shareholder expectation
Revenue Estimate
$1.23 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 4, 2026
EPS Estimate
$1.82
Average shareholder expectation
Revenue Estimate
$1.37 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.9710 62.53%
Total Calls350,732 2.75%
Total Puts340,566 40.84%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %103.47% 0.65%
Total Invested$18.99B 4.31%
Investors Holding832 8.00%

ESG Score

No data

About Incyte Corp.

CEO: Paul Friedman

Relevant Senate Committees

Finance

Has primary jurisdiction over taxation, trade, and entitlement programs like Medicare and Medicaid. Decisions on drug pricing within these programs (e.g., Medicare Part D reform) and corporate tax policy directly impact Incyte's revenue, profitability, and market access. Committee members would have highly material non-public information on these critical financial drivers.

Health, Education, Labor, and Pensions

Possesses direct regulatory authority over the FDA (drug approval process), NIH (research funding), and public health initiatives. This committee's decisions directly impact Incyte's R&D, clinical trials, product approval timelines, and market access. Members would possess highly material non-public information.

Judiciary

Has critical oversight of intellectual property (patents), which is foundational to the biopharmaceutical business model. Also reviews antitrust matters, potentially impacting mergers and market competition within the pharmaceutical sector. Members would be privy to non-public information regarding IP litigation or antitrust investigations.