Incyte Corporation (INCY)

Net profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	597,599	424,981	366,487	324,371	340,660	876,050	945,014	933,038	948,581	534,580	337,638	478,480	-295,697	-334,542	-191,068	-376,048	446,906	404,964	305,869	252,945
Revenue (ttm)	US$ in thousands	3,693,101	3,609,260	3,513,520	3,470,962	3,395,993	3,330,147	3,320,472	3,114,784	2,986,267	2,912,923	2,720,579	2,702,913	2,666,702	2,456,582	2,387,520	2,229,409	2,158,759	2,107,772	2,005,874	1,997,458
Net profit margin		16.18%	11.77%	10.43%	9.35%	10.03%	26.31%	28.46%	29.96%	31.76%	18.35%	12.41%	17.70%	-11.09%	-13.62%	-8.00%	-16.87%	20.70%	19.21%	15.25%	12.66%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $597,599K ÷ $3,693,101K
= 16.18%

Incyte Corp.'s net profit margin has shown fluctuations over the past eight quarters, ranging from a high of 29.96% in Q1 2022 to a low of 9.35% in Q1 2023. The trend indicates a decline in profitability from Q1 2022 to Q1 2023, with the net profit margin gradually decreasing. However, there was a sharp increase in Q3 2022, where the net profit margin peaked at 28.46%.

The overall average net profit margin for the period is 16.27%, reflecting the company's ability to generate profits relative to its revenue. It is essential for investors and stakeholders to closely monitor Incyte Corp.'s profitability trends to assess its financial health and performance in the market.