INCYTE CORP (INCY) closed fiscal year 2025 with a gross margin of 92.8 % and a net margin of 25.0 %.
INCYTE CORP (INCY) closed fiscal year 2025 with a gross margin of 92.8 % and a net margin of 25.0 %. The same year shows an EBITDA margin of 31.3 % and an EBIT margin of 29.5 %. The free cash flow margin was 26.3 %. Against the previous year the gross margin moved +0.1 pp and the net margin +24.3 pp. Across the period the gross margin ranges between 92.6 % in 2024 and 99.9 % in 2012. The series covers 17 fiscal years, from 2009 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | — | 99.95 % | 99.82 % | 99.41 % | 96.42 % | 94.74 % | 94.83 % | 95.00 % | 94.71 % | 95.08 % | 94.94 % | 93.90 % | 93.10 % | 92.64 % | 92.76 % |
| EBITDA margin (%) | -1,328.42 % | 22.68 % | -123.01 % | 10.48 % | 3.69 % | 7.16 % | 12.67 % | 18.40 % | -12.45 % | 9.79 % | 21.15 % | -7.94 % | 21.55 % | 19.07 % | 19.03 % | 3.55 % | 31.28 % |
| EBIT margin (%) | -1,508.56 % | 8.27 % | -151.59 % | 0.39 % | -4.54 % | -0.94 % | 6.72 % | 13.11 % | -15.84 % | 6.87 % | 18.62 % | -9.89 % | 19.62 % | 17.07 % | 16.79 % | 1.45 % | 29.46 % |
| Net margin (%) | -2,286.78 % | -18.75 % | -197.49 % | -14.92 % | -23.43 % | -9.48 % | 0.87 % | 9.43 % | -20.38 % | 5.82 % | 20.70 % | -11.09 % | 31.76 % | 10.04 % | 16.17 % | 0.77 % | 25.03 % |
| FCF margin (%) | 129.21 % | 55.23 % | -175.23 % | -32.88 % | 1.38 % | -0.32 % | 8.41 % | 16.68 % | -13.28 % | 13.96 % | 29.30 % | -11.70 % | 19.04 % | 26.28 % | 12.56 % | 5.87 % | 26.35 % |
