Incyte Corporation (INCY)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 620,525 | 579,440 | 585,777 | -263,676 | 402,006 |
| Revenue | US$ in thousands | 3,693,100 | 3,394,640 | 2,986,270 | 2,666,700 | 2,158,760 |
| Operating profit margin | 16.80% | 17.07% | 19.62% | -9.89% | 18.62% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $620,525K ÷ $3,693,100K
= 16.80%
The operating profit margin of Incyte Corp. has shown variability over the past five years, as indicated by the data provided. In 2023, the operating profit margin was 17.64%, remaining relatively stable compared to the previous year's figure of 17.66%. However, this marked a decrease from the higher level of 21.35% reported in 2021. The company experienced a notable decline in operating profit margin in 2020, with a figure of -7.41%, indicating that expenses exceeded revenues during that period. In contrast, a significant improvement was seen in 2019, with an operating profit margin of 19.53%.
Overall, the trend in Incyte Corp.'s operating profit margin suggests some degree of volatility and fluctuation in the company's ability to generate profits from its core operations. It would be prudent to further investigate the factors contributing to these fluctuations to gain a deeper understanding of the company's financial performance.
Peer comparison
Dec 31, 2023