Incyte Corporation (INCY)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 61,366 | 620,525 | 579,440 | 585,777 | -263,676 |
| Revenue | US$ in thousands | 4,241,220 | 3,693,100 | 3,394,640 | 2,986,270 | 2,666,700 |
| Operating profit margin | 1.45% | 16.80% | 17.07% | 19.62% | -9.89% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $61,366K ÷ $4,241,220K
= 1.45%
Incyte Corporation's operating profit margin has exhibited fluctuations over the past five years. Starting at a negative 9.89% on December 31, 2020, the company managed to significantly increase its operating profit margin to 19.62% by December 31, 2021. However, there was a slight decrease in the margin to 17.07% by the end of 2022, followed by a further decline to 16.80% by December 31, 2023. The most recent data point shows a notable drop to 1.45% by December 31, 2024, indicating a substantial decrease in profitability. This declining trend in operating profit margin may raise concerns about Incyte Corporation's operational efficiency and ability to generate profits from its core business activities.
Peer comparison
Dec 31, 2024