Incyte
Incyte returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | 32.03% | — | 30.67% | 23.55% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | 32.61% | — | 30.82% | 21.88% | — |
| FY 2025 Q4 | Dec 31, 2025 | — | 32.77% | — | 29.87% | 20.75% | — |
| FY 2025 Q3 | Sep 30, 2025 | — | 34.83% | — | 30.39% | 20.96% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | 30.08% | — | 24.3% | 16.61% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | 3.58% | — | 0.47% | 0.33% | — |
| FY 2024 Q4 | Dec 31, 2024 | — | 1.31% | — | 0.76% | 0.53% | — |
| FY 2024 Q3 | Sep 30, 2024 | — | -1.21% | — | 0.8% | 0.57% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | 0.37% | — | 2.51% | 1.79% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | 13.06% | — | 15.13% | 11.53% | — |
| FY 2023 Q4 | Dec 31, 2023 | — | 12.14% | — | 12.5% | 9.47% | — |
| FY 2023 Q3 | Sep 30, 2023 | — | 10.31% | — | 9.28% | 7.14% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | 9.01% | — | 8.3% | 6.36% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | 10.89% | — | 7.79% | 5.98% | — |
| FY 2022 Q4 | Dec 31, 2022 | — | 13.22% | — | 8.37% | 6.32% | — |
| FY 2022 Q3 | Sep 30, 2022 | — | 15.58% | — | 23.76% | 18.05% | — |
| FY 2022 Q2 | Jun 30, 2022 | — | 18.78% | — | 26.92% | 20.49% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | 16.75% | — | 28.31% | 21.41% | — |
| FY 2021 Q4 | Dec 31, 2021 | — | — | — | — | — | — |
| FY 2021 Q3 | Sep 30, 2021 | — | — | — | — | — | — |
| FY 2021 Q2 | Jun 30, 2021 | — | 13.59% | — | 13.25% | 9.78% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | 18.88% | — | 20.51% | 14.92% | — |
| FY 2020 Q2 | Sep 30, 2020 | — | -7.52% | — | -8.89% | -6.6% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | -14.49% | — | -18.69% | -13.66% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | 15.66% | — | 19.76% | 14.72% | — |
| FY 2019 Q3 | Sep 30, 2019 | — | 16.04% | — | 19.17% | 14.12% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | 12.4% | — | 15.37% | 11.45% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | 12.53% | — | 13.62% | 10% | — |
| FY 2018 Q4 | Dec 31, 2018 | 1.19% | 6.23% | — | 6.16% | 4.43% | -6.5 pp |
| FY 2018 Q3 | Sep 30, 2018 | — | -4.11% | — | -6.13% | -4.46% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | -6.01% | — | -7.42% | -5.07% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | -11% | — | -12.89% | -8.55% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | -14.81% | — | -30.55% | -15.89% | — |
| FY 2017 Q3 | Sep 30, 2017 | — | -4.11% | — | -14.54% | — | — |
| FY 2017 Q2 | Jun 30, 2017 | — | -4.81% | — | -23.24% | — | — |
| FY 2017 Q1 | Mar 31, 2017 | — | -2.21% | — | -17.91% | — | — |
| FY 2016 Q4 | Dec 31, 2016 | 30.71% | 13.15% | 82.55% | 35.29% | 7.88% | 23 pp |
| FY 2016 Q3 | Sep 30, 2016 | — | 16.16% | — | 65.63% | — | — |
| FY 2016 Q2 | Jun 30, 2016 | — | 14.88% | — | 42.06% | — | — |
| FY 2016 Q1 | Mar 31, 2016 | — | 12.15% | — | 52.53% | — | — |
| FY 2015 Q4 | Dec 31, 2015 | 12.39% | 7% | — | 14.59% | — | 4.7 pp |
| FY 2015 Q3 | Sep 30, 2015 | — | -5.58% | — | — | — | — |
| FY 2015 Q2 | Jun 30, 2015 | — | 4.6% | — | — | — | — |
| FY 2015 Q1 | Mar 31, 2015 | — | 1.87% | — | — | — | — |
| FY 2014 Q4 | Dec 31, 2014 | — | -0.85% | — | — | — | — |
| FY 2014 Q3 | Sep 30, 2014 | — | 1.03% | — | — | — | — |
| FY 2014 Q2 | Jun 30, 2014 | — | -19.67% | — | — | — | — |
| FY 2014 Q1 | Mar 31, 2014 | — | -9.09% | — | — | — | — |
| FY 2013 Q4 | Dec 31, 2013 | — | -4.5% | — | — | — | — |
| FY 2013 Q3 | Sep 30, 2013 | — | 14.89% | — | — | — | — |
| FY 2013 Q2 | Jun 30, 2013 | — | 16.52% | — | — | — | — |
| FY 2013 Q1 | Mar 31, 2013 | — | 17.34% | — | — | — | — |
| FY 2012 Q4 | Dec 31, 2012 | — | 0.59% | — | — | — | — |
| FY 2012 Q3 | Sep 30, 2012 | — | -35.8% | — | — | — | — |
| FY 2012 Q2 | Jun 30, 2012 | — | -44% | — | — | — | — |
| FY 2012 Q1 | Mar 31, 2012 | — | -64.53% | — | — | — | — |
| FY 2011 Q4 | Dec 31, 2011 | — | — | — | — | — | — |
| FY 2011 Q3 | Sep 30, 2011 | — | — | — | — | — | — |
| FY 2011 Q2 | Jun 30, 2011 | — | — | — | — | — | — |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · INCY, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.