Incyte Corporation (INCY)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	597,599	340,660	948,581	-295,697	446,906
Revenue	US$ in thousands	3,693,100	3,394,640	2,986,270	2,666,700	2,158,760
Net profit margin		16.18%	10.04%	31.76%	-11.09%	20.70%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $597,599K ÷ $3,693,100K
= 16.18%

The net profit margin of Incyte Corp. has exhibited fluctuations over the past five years. In 2023, the net profit margin improved to 16.17%, indicating that the company earned $0.1617 in profit for every dollar of revenue generated. This represents a positive trend compared to the previous year's net profit margin of 10.04%.

In 2021, Incyte Corp. achieved a high net profit margin of 31.76%, signaling strong profitability during that period. However, in 2020, the company experienced a negative net profit margin of -11.09%, indicating that expenses exceeded revenues, resulting in a loss.

The net profit margin rebounded in 2019 to 20.70%, suggesting a recovery in profitability compared to the previous year. Overall, the fluctuating net profit margins reflect the company's varying levels of operational efficiency and cost management over the years. Further analysis is essential to understand the underlying factors driving these fluctuations and to assess the company's overall financial performance.