Incyte Corp. (INCY) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$116.80 -0.06% NASDAQ • Public Delayed / 60s Snapshot

Incyte Corp. (INCY) earns a Roarable Rating of B (Buy) with 74/100 RQD Confidence. High-quality cash engine (93% profit margin, 42% return on capital) with steady institutional support. Even if the broader market gets choppy, the company’s underlying cash engine and big-money support put the odds in buyers’ favor.

ROARABLE B • BUY Cap $23.68B
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
RQD QUANT TACHOMETERBUY • B
025507510074
2-of-3 JEV AI Jury Bullish
Cash
SEC
Whale
5-PILLAR SNOWFLAKE RADARRw C+ · Rk A-
Cash (19)Whales (10)SEC (16)Macro (17)CEO (12)
Each axis scored 0–20
12M PRICE TARGET CONE+7.2% Base Target
$148 Bull$125 Base$96 Bear
🔴 SUNDAY NIGHT PREP • 7:00 PM ET
WHALE OPTIONS TUG-OF-WAR:58% Call Buyers ($2.6M)
42% PutsMax Pain: $114.00
VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How INCY Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$1.18B (23% FCF Margin)
Revenue$5.14BGross Profit $4.77B (92.8%)Cost of Sales $372.1MOp Profit $1.51B (29.5%)OpEx (R&D/SG&A) $3.25BNet Profit$1.29B (25%)Tax/Other $228.2M

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow
FY23
Rev $3.70B
FY24
Rev $4.24B
FY25
Rev $5.14B
Fiscal YearRevenueGross MarginOp MarginNet ProfitFree Cash FlowROIC %
FY 2025$5.14B92.8%29.5%$1.29B$1.18B41.6%
FY 2024$4.24B92.6%1.4%$32.6M$144.5M1.8%
FY 2023$3.70B44%16.8%$597.6M$330.2M6.2%
🔴 SUNDAY NIGHT PREP • 7:00 PM ETHosted Live by Perry Belcher & Guest Forensic Quant Desk

Red-Light Warning Desk: How Pros Profit When Overhyped Stocks Crack (Featuring INCY)

  • ✓Live walkthrough of INCY's RQD Radar, SEC cash-conversion gap & downside levels
  • ✓3 asymmetric Bear/Hedge setups institutions use when 10-year yields stay elevated
  • ✓Includes instant 24/7 email alert whenever any of your stocks flip to Red
RQD INSIDER CLUB UPGRADE$49/YEAR
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INCY // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +26.37%▼ DESCENDING CHANNEL
2026-10-30O $120.1H $122.9L $119.6C $120.4VOL 2.84M
RES: $125.6SUP: $105.6SMA50: $120.5SMA200: $108.1
$135.4$123.7$112.0$100.3$88.54RES $125.6SUP $105.6$120.42026-04-302026-06-152026-07-312026-09-162026-10-30
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

INCY Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)
11.7%/yr Implied 5Y Growth

vs. +21.2% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on INCY today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for INCY. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for INCY today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

INCY Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

How profitable is Incyte Corp. (INCY)?

In FY 2025 (10-K), INCY converted $5.1B of revenue into a 92.8% gross margin, 29.5% operating margin, and $1.2B in free cash flow (23% FCF margin).