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Incyte focuses on the discovery and development of small-molecule drugs. The firm's leading drug, Jakafi, treats two types of rare blood cancer and graft versus host disease and is partnered with Novartis. Incyte's other marketed drugs include rheumatoid arthritis treatment Olumiant (licensed to Lilly), and oncology drugs Iclusig (chronic myeloid leukemia), Pemazyre (cholangiocarcinoma), Tabrecta (lung cancer), and Monjuvi (diffuse large B-cell lymphoma). The firm's first dermatology product, Opzelura, was approved in 2021 for atopic dermatitis and 2022 for vitiligo. Incyte's pipeline includes a broad array of oncology and dermatology programs.
1991
2.6K+
LTM Revenue $4.4B
LTM EBITDA $458M
$8.9B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Incyte has a last 12-month revenue of $4.4B and a last 12-month EBITDA of $458M.
In the most recent fiscal year, Incyte achieved revenue of $4.2B and an EBITDA of $408M.
Incyte expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Incyte valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $3.7B | $4.2B | XXX | XXX | XXX |
| Gross Profit | $3.2B | $3.4B | XXX | XXX | XXX |
| Gross Margin | 86% | 81% | XXX | XXX | XXX |
| EBITDA | $919M | $408M | XXX | XXX | XXX |
| EBITDA Margin | 25% | 10% | XXX | XXX | XXX |
| Net Profit | $341M | $598M | XXX | XXX | XXX |
| Net Margin | 9% | 14% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 22, 2025, Incyte's stock price is $57.
Incyte has current market cap of $11.0B, and EV of $8.9B.
See Incyte trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8.9B | $11.0B | XXX | XXX | XXX | XXX | $2.45 |
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Sign UpAs of April 22, 2025, Incyte has market cap of $11.0B and EV of $8.9B.
Incyte's trades at 2.0x LTM EV/Revenue multiple, and 19.4x LTM EBITDA.
Analysts estimate Incyte's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Incyte and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $8.9B | XXX | XXX | XXX |
| EV/Revenue | 2.1x | XXX | XXX | XXX |
| EV/EBITDA | 21.8x | XXX | XXX | XXX |
| P/E | 337.0x | XXX | XXX | XXX |
| P/E/Growth | 0.6x | XXX | XXX | XXX |
| EV/FCF | 37.7x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpIncyte's NTM/LTM revenue growth is 10%
Incyte's revenue per employee for the last fiscal year averaged $1.6M, while opex per employee averaged $1.5M for the same period.
Over next 12 months, Incyte's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Incyte's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Incyte and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 15% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -56% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 20% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $1.6M | XXX | XXX | XXX | XXX |
| Opex per Employee | $1.5M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 29% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 61% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 90% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Julphar | XXX | XXX | XXX | XXX | XXX | XXX |
| Benevolent AI | XXX | XXX | XXX | XXX | XXX | XXX |
| Galapagos | XXX | XXX | XXX | XXX | XXX | XXX |
| Pharming | XXX | XXX | XXX | XXX | XXX | XXX |
| Vivoryon Therapeutics | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Incyte acquired XXX companies to date.
Last acquisition by Incyte was XXXXXXXX, XXXXX XXXXX XXXXXX . Incyte acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Incyte founded? | Incyte was founded in 1991. |
| Where is Incyte headquartered? | Incyte is headquartered in United States of America. |
| How many employees does Incyte have? | As of today, Incyte has 2.6K+ employees. |
| Who is the CEO of Incyte? | Incyte's CEO is Mr. Herve Hoppenot. |
| Is Incyte publicy listed? | Yes, Incyte is a public company listed on NAS. |
| What is the stock symbol of Incyte? | Incyte trades under INCY ticker. |
| When did Incyte go public? | Incyte went public in 1993. |
| Who are competitors of Incyte? | Similar companies to Incyte include e.g. Julphar, Benevolent AI, Galapagos, Pharming. |
| What is the current market cap of Incyte? | Incyte's current market cap is $11.0B |
| What is the current revenue of Incyte? | Incyte's last 12-month revenue is $4.4B. |
| What is the current EBITDA of Incyte? | Incyte's last 12-month EBITDA is $458M. |
| What is the current EV/Revenue multiple of Incyte? | Current revenue multiple of Incyte is 2.0x. |
| What is the current EV/EBITDA multiple of Incyte? | Current EBITDA multiple of Incyte is 19.4x. |
| What is the current revenue growth of Incyte? | Incyte revenue growth between 2023 and 2024 was 15%. |
| Is Incyte profitable? | Yes, Incyte is EBITDA-positive (as of the last 12 months). |
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