Incyte Corporation Financial Ratios — INCY Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	- -	- -	35.29	-30.55	6.16	19.76	-11.35	29.73	8.37	12.5	0.76	29.87
Return on Assets (%)	-45.58	-13.44	-17.32	-6.8	0.72	7.88	-15.89	4.43	14.72	-8.46	22.33	6.32	9.47	0.53	20.75
Return on Capital (%)	- -	- -	- -	- -	6.64	15.23	- -	6.14	19.42	- -	- -	8.32	12.44	0.75	29.62
Return on Invested Capital (%)	- -	- -	- -	- -	6.32	16.93	- -	8.16	16.76	- -	- -	9.25	9.69	0.24	23.79
Gross Margin (%)	100	99.95	99.82	99.41	96.42	94.74	94.83	95	94.71	95.08	94.94	93.9	93.1	92.64	92.76
EBITDA Margin (%)	-122.26	10.48	3.69	7.16	12.67	19.97	-11.95	11.18	22.06	-7.07	22.05	19.43	19.97	4.49	27.93
Operating Margin (%)	-150.83	0.39	-4.54	-0.94	6.72	14.69	-15.34	8.26	19.53	-9.01	20.11	17.43	17.73	2.39	26.12
Incremental Operating Margin (%)	- -	70.89	- -	- -	22.88	31.76	- -	113.14	96.18	- -	263.09	-2.18	21.17	-101.56	137.94
Pretax Margin (%)	-197.49	-14.86	-23.34	-9.49	1	9.71	-20.33	6.13	22.55	-8.71	19.1	15.59	22.57	7.47	32.37
Profit Margin (%)	-197.49	-14.92	-23.43	-9.48	0.87	9.43	-20.38	5.82	20.7	-11.09	31.76	10.04	16.17	0.77	25.03
Net Income to Common Margin (%)	-197.49	-14.92	-23.43	-9.48	0.87	9.43	-20.38	5.82	20.7	-11.09	31.76	10.04	16.17	0.77	25.03
Effective Tax Rate (%)	- -	- -	- -	- -	13.57	2.96	- -	5.08	8.19	- -	- -	35.62	28.36	89.7	22.7
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	35.29	-30.55	6.16	19.76	-11.35	29.73	8.37	12.5	0.76	29.87

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	316	331	662	675	620	651	24	36	60	48	45	41	38	44	40
ST Debt	- -	- -	- -	85	- -	- -	7	19	28	15	13	11	9	10	10
LT Debt	316	331	662	590	620	651	17	17	32	33	32	30	29	34	30
Total Debt/EBITDA	-2.74	10.64	50.48	18.44	6.49	2.95	-0.13	0.17	0.13	-0.25	0.07	0.06	0.05	0.23	0.03
Net Debt/EBITDA	-0.37	3.44	14.51	6.09	1.03	- -	4.77	-5.45	-3.81	8.03	-3.13	-4.48	-4.35	-8.86	-2.16
Total Debt/EBIT	-2.22	288.39	-41.09	-140.54	12.25	4.01	-0.1	0.23	0.14	-0.2	0.07	0.07	0.06	0.43	0.03
Net Debt/EBIT	-0.3	93.22	-11.81	-46.39	1.94	-0.01	3.71	-7.38	-4.3	6.3	-3.43	-4.99	-4.9	-16.66	-2.31
EBITDA to Interest Expense	-2.64	0.68	0.34	0.78	2.09	5.7	-26.59	136.34	256.72	-86.68	345.05	247.37	289.31	83.57	591.46
EBITDA-CapEx/Interest Expense	-2.64	0.68	0.34	0.78	2.09	5.7	-26.59	136.34	256.72	-86.68	345.05	247.37	283.43	77.47	581.17
EBIT to Interest Expense	-3.25	0.02	-0.42	-0.1	1.11	4.19	-34.16	100.71	227.33	-110.51	314.74	221.92	256.9	44.43	553.04
Interest Expense	44	46	39	47	46	39	7	2	2	2	2	3	3	2	2
Common Equity/Total Assets	-69.03	-52.95	-30.67	-10.25	16.99	25.6	70.82	72.79	75.83	73.33	76.42	74.82	76.52	63.33	74.27
Long-Term Debt/Equity (%)	- -	- -	- -	- -	362.18	155.31	1.02	0.91	1.23	1.25	0.84	0.69	0.56	0.97	0.58
Long-Term Debt/Capital (%)	354.93	212.07	141.22	99.4	78.36	60.83	1	0.89	1.2	1.23	0.83	0.68	0.56	0.96	0.58
Long-Term Debt/Total Assets (%)	96.11	100.2	105.08	74.07	61.53	39.76	0.72	0.66	0.93	0.91	0.64	0.52	0.43	0.62	0.43
Total Debt/Equity (%)	-139.23	-189.23	-342.59	-827.13	362.18	155.31	1.47	1.88	2.32	1.82	1.19	0.95	0.74	1.26	0.78
Total Debt/Capital (%)	354.93	212.07	141.22	113.75	78.36	60.83	1.45	1.84	2.27	1.79	1.17	0.94	0.73	1.25	0.78
Total Debt/Total Assets (%)	96.11	100.2	105.08	84.77	61.53	39.76	1.04	1.37	1.76	1.33	0.91	0.71	0.56	0.8	0.58
Net Debt to Equity	-18.93	-61.17	-98.46	-273.03	57.52	-0.21	-53.69	-59.53	-69.83	-57.94	-54.57	-67.54	-61.92	-48.96	-59.95
Net Debt/Capital (%)	-23.35	-157.52	-6,401.95	157.79	36.52	-0.21	-115.94	-143.66	-219.67	-132.05	-117.07	-202.13	-159.49	-93.59	-146.81
EBITDA	-115	31	13	37	96	221	-184	210	476	-188	658	659	738	191	1,436
EBITDA-CapEx	-115	31	13	37	96	221	-184	210	476	-188	658	659	723	177	1,411
Operating Income (Loss)	-142	1	-16	-5	51	162	-236	155	422	-240	601	592	655	101	1,343

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	2.05	1.68	4.71	2.72	4.21	2.96	3.12	3.38	4.13	2.85	2.75	2.8	2.95	1.31	2.36
Current Ratio	2.29	2.27	5.14	3.07	5.01	3.64	4.01	4.31	4.83	3.74	3.65	3.54	3.75	1.97	3.32
Quick Ratio	2.09	2.2	5.04	2.98	4.89	3.5	3.83	4.11	4.73	3.62	3.47	3.36	3.55	1.83	3.04
CFO/Avg Current Liab	-1.3	-0.7	0.08	0.16	0.46	1.38	-0.29	0.84	1.51	-0.22	1.01	0.96	0.41	0.23	0.9
Common Equity/Total Assets	-69.03	-52.95	-30.67	-10.25	16.99	25.6	70.82	72.79	75.83	73.33	76.42	74.82	76.52	63.33	74.27
Long-Term Debt/Equity (%)	- -	- -	- -	- -	362.18	155.31	1.02	0.91	1.23	1.25	0.84	0.69	0.56	0.97	0.58
Long-Term Debt/Capital (%)	354.93	212.07	141.22	99.4	78.36	60.83	1	0.89	1.2	1.23	0.83	0.68	0.56	0.96	0.58
Long-Term Debt/Total Assets (%)	96.11	100.2	105.08	74.07	61.53	39.76	0.72	0.66	0.93	0.91	0.64	0.52	0.43	0.62	0.43
Total Debt/Equity (%)	-139.23	-189.23	-342.59	-827.13	362.18	155.31	1.47	1.88	2.32	1.82	1.19	0.95	0.74	1.26	0.78
Total Debt/Capital (%)	354.93	212.07	141.22	113.75	78.36	60.83	1.45	1.84	2.27	1.79	1.17	0.94	0.73	1.25	0.78
Total Debt/Total Assets (%)	96.11	100.2	105.08	84.77	61.53	39.76	1.04	1.37	1.76	1.33	0.91	0.71	0.56	0.8	0.58
CFO/Total Liabilities	-29.08	-18.76	1.12	2.99	10.69	25	-13.84	46.71	85.79	-13.12	64.43	65.94	31.18	16.79	78.94
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	33.1	24.12	56.54
Altman's Z-Score	-5.49	-2.84	3.49	6.71	13.77	9.45	17.51	11.94	14.94	12.54	9.8	8.78	6.87	4.98	8.67

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	15.59	7.68	6.68	10.96	8.75	8.4	7.4	6.56	7	6.74	5.44	5.38	5.32	5.31	5.48
Days Sales Outstanding	23.41	47.53	54.67	33.29	41.74	43.44	49.31	55.66	52.11	54.12	67.12	67.8	68.56	68.71	66.65
Inventory Turnover	- -	1.13	1.84	7.86	25.22	19.76	15.01	14	12.44	9.44	6.81	5.92	4.86	5.12	4.65
Days Inventory Outstanding	- -	323.15	198.14	46.41	14.47	18.47	24.31	26.08	29.34	38.68	53.58	61.63	75.13	71.25	78.44
Accounts Payable Turnover	- -	0.03	0.05	0.14	1.04	1.15	1.14	1.1	1.27	1.49	1.2	0.98	1.43	2.01	2.03
Accounts Payable Turnover Days	- -	12,124.71	7,960.42	2,689.59	350.21	318.75	319.43	330.82	288.28	244.2	304.27	371.17	256.02	181.95	179.47
Cash Conversion Cycle	- -	-11,754.03	-7,707.61	-2,609.88	-294	-256.83	-245.81	-249.09	-206.83	-151.4	-183.57	-241.74	-112.33	-41.99	-34.38
Inventory to Cash Days	- -	-275.62	-143.47	-13.12	27.27	24.97	25	29.58	22.77	15.44	13.54	6.18	-6.56	-2.54	-11.79
Inventories	- -	- -	- -	- -	2	4	6	7	11	16	28	42	63	59	101
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	2	4	6	7	11	16	28	42	63	59	101

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	1,898	2,217	8,252	12,493	20,242	18,936	20,009	13,562	18,877	19,091	16,228	17,891	14,083	13,361	19,602
- Cash & Cash Equivalents	273	224	471	452	521	652	900	1,164	1,833	1,513	2,057	2,951	3,213	1,688	3,098
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	316	331	662	675	620	651	24	36	60	48	45	41	38	44	40
Enterprise Value	1,937	2,319	8,404	12,568	20,154	18,779	18,863	12,160	16,819	17,337	13,924	14,694	10,465	11,246	16,062
Total Capital	89	156	468	594	791	1,071	1,655	1,962	2,659	2,659	3,815	4,412	5,228	3,491	5,208
Total Debt/Capital (%)	354.93	212.07	141.22	113.75	78.36	60.83	1.45	1.84	2.27	1.79	1.17	0.94	0.73	1.25	0.78
Total Debt / EV	0.16	0.14	0.08	0.05	0.03	0.03	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	20.51	7.81	23.68	24.57	26.74	16.98	12.28	6.46	7.79	6.5	4.66	4.33	2.83	2.65	3.12
EV/EBITDA	- -	74.52	641.32	343.3	211.03	85.03	- -	57.8	35.32	- -	21.15	22.28	14.18	59.02	11.18
EV/EBIT	- -	2,020.44	- -	- -	398.13	115.62	- -	78.25	39.89	- -	23.19	24.84	15.97	111.02	11.96
EV/Cash Flow to Firm	- -	- -	175.2	172.11	156.45	54.85	- -	36.01	23.61	- -	18.5	15.12	21	33.51	11.35
EV/Free Cash Flow to Firm	- -	- -	175.2	172.11	156.45	54.85	- -	36.01	23.61	- -	18.5	15.12	20.39	32.18	11.15
Diluted Market Cap	1,882	2,155	7,514	12,279	20,313	19,465	19,376	13,712	19,006	18,968	16,300	17,988	14,186	14,541	19,823
Diluted Enterprise Value	1,925	2,262	7,704	12,501	20,411	19,464	18,500	12,584	17,233	17,503	14,288	15,078	11,011	12,897	16,766
EV per Share	15.31	17.38	51.57	73.55	107.98	99.44	89.29	57.02	77.8	78.99	62.98	65.97	46.66	58.14	80.93
TTM Sales	94	297	355	511	754	1,106	1,536	1,882	2,159	2,667	2,986	3,395	3,696	4,241	5,141
TTM EBITDA	-115	31	13	37	96	221	-184	210	476	-188	658	659	738	191	1,436
TTM Operating Income	-142	1	-16	-5	51	162	-236	155	422	-240	601	592	655	101	1,343
TTM Cash Flow to Firm	-118	-49	48	73	129	342	-86	338	712	-122	753	972	498	336	1,415
TTM Free Cash Flow to Firm	-118	-49	48	73	129	342	-86	338	712	-122	753	972	513	349	1,440

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	-11.64	-22.73	818.48	467.65	227.19	63.87	-208.37	40.78	26.74	-152.23	21.75	18.55	27.73	41.64	13.78
EV/EBIT	- -	2,020.44	- -	- -	398.13	115.62	- -	78.25	39.89	- -	23.19	24.84	15.97	111.02	11.96
Enterprise Value	1,937	2,319	8,404	12,568	20,154	18,779	18,863	12,160	16,819	17,337	13,924	14,694	10,465	11,246	16,062
Low Price	11.76	14.72	16.58	40.3	69.05	55	92.91	57	62.03	62.48	61.91	65.07	50.27	50.35	53.56
EV/Sales	20.51	7.81	23.68	24.57	26.74	16.98	12.28	6.46	7.79	6.5	4.66	4.33	2.83	2.65	3.12
EV/EBITDA	- -	74.52	641.32	343.3	211.03	85.03	- -	57.8	35.32	- -	21.15	22.28	14.18	59.02	11.18
Price/Earnings	- -	- -	- -	- -	2,982.35	180.75	- -	123.35	41.99	- -	17.06	52.34	23.5	438.6	14.98
Price/Earnings Average	-10.56	-56.5	-51.72	-197.85	2,823.89	150.6	-79.3	141.35	39.42	-65.49	18.11	48.72	24.74	399.93	11.75
Price/Earnings High	-14.21	-76.99	-93.65	-279.84	3,674.52	198.2	-100.06	199.07	46.55	-81.39	23.58	55.3	32.29	533.09	16.58
Price/Earnings Low	-7.9	-43.09	-29.59	-139.61	1,898.86	99.14	-60.7	110.56	29.83	-46.08	14.39	42.41	18.81	319.73	8.13
Price/Book Value	-8.36	-12.67	-42.73	-153.05	118.27	45.14	12.27	7.04	7.26	7.31	4.3	4.09	2.71	3.88	3.79
Price/Book Value Average	-8.75	-14.72	-24.46	-119.56	111.98	37.61	15.73	8.07	6.82	7.46	4.57	3.81	2.86	3.53	2.97
Price/Book Value High	-11.78	-20.06	-44.29	-169.1	145.72	49.5	19.84	11.36	8.05	9.28	5.95	4.33	3.73	4.71	4.2
Price/Book Value Low	-6.55	-11.23	-13.99	-84.36	75.3	24.76	12.04	6.31	5.16	5.25	3.63	3.32	2.17	2.82	2.06
Price/Tangible Book Value	-8.07	-12.67	-42.73	-153.05	118.27	-2,885.25	16.16	8.72	8.39	8.36	4.69	4.38	2.87	4.2	3.99
Price/Tangible Book Value Average	-8.44	-14.72	-24.46	-119.56	111.98	-2,403.97	20.71	10	7.88	8.54	4.97	4.08	3.02	3.83	3.13
Price/Tangible Book Value High	-11.37	-20.06	-44.29	-169.1	145.72	-3,163.78	26.13	14.08	9.3	10.61	6.48	4.63	3.94	5.11	4.41
Price/Tangible Book Value Low	-6.32	-11.23	-13.99	-84.36	75.3	-1,582.61	15.85	7.82	5.96	6.01	3.95	3.55	2.3	3.06	2.16
Price/Sales	19.92	7.25	21.17	24.01	25.84	17.04	12.61	7.18	8.69	7.11	5.42	5.25	3.8	3.37	3.75
Price/Sales Average	20.85	8.43	12.11	18.75	24.47	14.2	16.16	8.22	8.16	7.26	5.75	4.89	4	3.08	2.94
Price/Sales High	28.07	11.49	21.94	26.52	31.84	18.68	20.4	11.58	9.64	9.03	7.49	5.55	5.22	4.1	4.15
Price/Sales Low	15.61	6.43	6.93	13.23	16.45	9.35	12.37	6.43	6.18	5.11	4.57	4.26	3.04	2.46	2.03
Price/Cash Flow	-11.64	-22.73	818.48	467.65	217.85	61.81	-208.37	40.17	26.41	-152.23	21.59	18.38	28.28	42.66	13.64
Price/Cash Flow Average	-12.18	-26.4	468.43	365.33	206.28	51.5	-267.04	46.03	24.79	-155.43	22.92	17.11	29.78	38.9	10.7
Price/Cash Flow High	-16.4	-35.98	848.22	516.71	268.41	67.78	-336.94	64.83	29.27	-193.16	29.84	19.42	38.87	51.85	15.09
Price/Cash Flow Low	-9.12	-20.14	268.03	257.78	138.71	33.91	-204.41	36	18.76	-109.35	18.21	14.89	22.64	31.1	7.4
Price/Free Cash Flow Average	-12.18	-26.4	468.43	365.33	215.12	53.22	-267.04	46.74	25.11	-155.43	23.09	17.26	29.2	37.97	10.81
Price/Free Cash Flow High	-16.4	-35.98	848.22	516.71	279.92	70.04	-336.94	65.82	29.64	-193.16	30.07	19.59	38.12	50.61	15.25
Price/Free Cash Flow Low	-9.12	-20.14	268.03	257.78	144.65	35.03	-204.41	36.56	19	-109.35	18.34	15.02	22.2	30.35	7.47
EV/Sales Average	21.49	9.03	13.84	19.52	25.56	14.27	16.12	7.66	7.39	6.76	5.1	4.05	3.15	2.48	2.4
EV/Sales High	28.77	12.18	24.63	27.42	33.22	18.78	20.49	11.03	8.87	8.53	6.84	4.71	4.38	3.44	3.62
EV/Sales Low	16.2	6.97	8.15	13.9	17.23	9.39	12.21	5.86	5.39	4.59	3.91	3.41	2.19	1.91	1.47
EV/EBITDA Average	-17.58	86.18	374.88	272.68	201.72	71.44	-134.97	68.52	33.49	-95.66	23.11	20.84	15.79	55.31	8.57
EV/EBITDA High	-23.54	116.2	667.07	383.14	262.17	94.02	-171.55	98.69	40.22	-120.78	31.02	24.25	21.92	76.59	12.97
EV/EBITDA Low	-13.25	66.55	220.71	194.19	135.98	47.03	-102.19	52.43	24.44	-65	17.73	17.57	10.98	42.48	5.27
EV/EBIT Average	-14.25	2,336.77	-305.1	-2,077.93	380.56	97.13	-105.09	92.76	37.82	-75.03	25.34	23.23	17.78	104.04	9.17
EV/EBIT High	-19.08	3,150.53	-542.91	-2,919.71	494.61	127.84	-133.57	133.6	45.42	-94.73	34.01	27.03	24.69	144.08	13.87
EV/EBIT Low	-10.74	1,804.51	-179.63	-1,479.85	256.54	63.94	-79.57	70.97	27.6	-50.98	19.44	19.58	12.36	79.92	5.64
Last Price	15.01	16.61	50.63	73.11	108.45	100.27	94.71	63.59	87.32	86.98	73.4	80.32	62.79	69.07	98.77
High Price	21.15	26.3	52.47	80.78	133.62	109.95	153.15	102.63	96.79	110.36	101.47	84.86	86.29	83.95	109.28
Enterprise Value Average	2,030	2,683	4,913	9,982	19,265	15,776	24,767	14,414	15,950	18,026	15,216	13,744	11,654	10,538	12,314
Enterprise Value High	2,718	3,617	8,742	14,026	25,039	20,763	31,479	20,761	19,151	22,758	20,421	15,992	16,179	14,595	18,630
Enterprise Value Low	1,530	2,072	2,892	7,109	12,987	10,386	18,753	11,029	11,637	12,248	11,675	11,584	8,100	8,095	7,572

Shares Outstanding	126	133	163	171	187	189	211	213	216	219	221	223	224	193	198
Diluted Weighted Avg Shares	125	130	148	168	187	194	205	216	218	218	222	224	226	211	201
Basic Weighted Avg Shares	125	130	148	168	180	188	205	212	215	218	220	222	224	207	195
Revenue per Share	0.75	2.29	2.39	3.05	4.2	5.89	7.51	8.86	10.04	12.23	13.55	15.29	16.53	20.48	26.34
EBITDA per Share	-0.92	0.24	0.09	0.22	0.53	1.18	-0.9	0.99	2.22	-0.86	2.99	2.97	3.3	0.92	7.36
Operating Income per Share	-1.14	0.01	-0.11	-0.03	0.28	0.86	-1.15	0.73	1.96	-1.1	2.72	2.66	2.93	0.49	6.88
Basic EPS, GAAP	-1.49	-0.34	-0.56	-0.29	0.04	0.55	-1.53	0.52	2.08	-1.36	4.3	1.53	2.67	0.16	6.59
Basic EPS from Cont Ops	-1.49	-0.34	-0.56	-0.29	0.04	0.55	-1.53	0.52	2.08	-1.36	4.3	1.53	2.67	0.16	6.59
Diluted EPS, GAAP	-1.49	-0.34	-0.56	-0.29	0.03	0.54	-1.53	0.51	2.05	-1.36	4.27	1.52	2.65	0.15	6.41
Diluted EPS from Cont Ops	-1.49	-0.34	-0.56	-0.29	0.03	0.54	-1.53	0.51	2.05	-1.36	4.27	1.52	2.65	0.15	6.41
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-1.29	-0.73	0.06	0.16	0.5	1.62	-0.45	1.58	3.31	-0.57	3.4	4.37	2.22	1.62	7.24
Free Cash Flow per Basic Share	-1.29	-0.73	0.06	0.16	0.5	1.62	-0.45	1.58	3.31	-0.57	3.4	4.37	2.15	1.55	7.11
Cash & Equivalents per Share	2.19	1.71	3.12	3.51	3.79	4.28	5.54	6.74	9.8	8.21	10.62	14.54	16.3	11.16	18.04
Book Value per Share	-1.8	-1.31	-1.18	-0.48	0.92	2.22	7.72	9.03	12.02	11.9	17.05	19.62	23.14	17.82	26.04
Tangible Book Value per Share	-1.86	-1.31	-1.18	-0.48	0.92	-0.03	5.86	7.29	10.4	10.4	15.67	18.34	21.89	16.43	24.78

Incyte Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)