Incyte Corporation (INCY)

Net profit margin

		Dec 31, 2024	Sep 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	678,295	648,352	745,444	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
Revenue (ttm)	US$ in thousands	4,209,569	3,949,271	3,765,356	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
Net profit margin		16.11%	16.42%	19.80%	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%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $678,295K ÷ $4,209,569K
= 16.11%

Incyte Corporation's net profit margin has shown fluctuations over the periods from December 2019 to December 2024. The net profit margin was positive in most periods, indicating the company was generating profits after accounting for all expenses.

Looking at the trend, there was a significant decline in the net profit margin in March 2020, dropping to -16.87%, signaling a period of losses. This trend improved gradually, with fluctuations until reaching 31.76% in December 2021. The company demonstrated strong profitability during this period.

However, the net profit margin declined in the following periods, reaching 10.03% by December 2022 and fluctuating around 10-20% until December 2024. This indicates some volatility in the company's profitability but still sustaining positive margins.

Overall, Incyte Corporation has shown periods of strong profitability and some volatility in its net profit margin. It is important for the company to monitor and manage its expenses and revenue generation to maintain sustainable profitability in the future.