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Side-by-side financial comparison of COMERICA INC (CMA) and Incyte (INCY). Click either name above to swap in a different company.

Incyte is the larger business by last-quarter revenue ($1.3B vs $838.0M, roughly 1.5× COMERICA INC). Incyte runs the higher net margin — 23.8% vs 21.0%, a 2.8% gap on every dollar of revenue. On growth, Incyte posted the faster year-over-year revenue change (20.9% vs 3.3%). Over the past eight quarters, COMERICA INC's revenue compounded faster (108.9% CAGR vs 10.4%).

Comerica Incorporated is an American financial services company, headquartered in Dallas, Texas. It is the parent of Comerica Bank, a regional commercial bank with 413 branches in the U.S. states of Texas, Michigan, California, Florida and Arizona. Comerica is among the largest U.S. financial holding companies, with offices in a number of U.S. cities.

Incyte Corporation is an American multinational pharmaceutical company with headquarters in Wilmington, Delaware. The company currently operates manufacturing and R&D locations in North America, Europe, and Asia.

CMA vs INCY — Head-to-Head

Bigger by revenue
INCY
INCY
1.5× larger
INCY
$1.3B
$838.0M
CMA
Growing faster (revenue YoY)
INCY
INCY
+17.5% gap
INCY
20.9%
3.3%
CMA
Higher net margin
INCY
INCY
2.8% more per $
INCY
23.8%
21.0%
CMA
Faster 2-yr revenue CAGR
CMA
CMA
Annualised
CMA
108.9%
10.4%
INCY

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
CMA
CMA
INCY
INCY
Revenue
$838.0M
$1.3B
Net Profit
$176.0M
$303.3M
Gross Margin
Operating Margin
23.7%
Net Margin
21.0%
23.8%
Revenue YoY
3.3%
20.9%
Net Profit YoY
-4.3%
91.7%
EPS (diluted)
$1.35
$1.47

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CMA
CMA
INCY
INCY
Q1 26
$1.3B
Q4 25
$1.5B
Q3 25
$838.0M
$1.4B
Q2 25
$849.0M
$1.2B
Q1 25
$829.0M
$1.1B
Q4 24
$825.0M
$1.2B
Q3 24
$811.0M
$1.1B
Q2 24
$824.0M
$1.0B
Net Profit
CMA
CMA
INCY
INCY
Q1 26
$303.3M
Q4 25
$299.3M
Q3 25
$176.0M
$424.2M
Q2 25
$199.0M
$405.0M
Q1 25
$172.0M
$158.2M
Q4 24
$170.0M
$201.2M
Q3 24
$184.0M
$106.5M
Q2 24
$206.0M
$-444.6M
Gross Margin
CMA
CMA
INCY
INCY
Q1 26
Q4 25
92.0%
Q3 25
92.8%
Q2 25
93.5%
Q1 25
93.0%
Q4 24
92.5%
Q3 24
92.4%
Q2 24
92.7%
Operating Margin
CMA
CMA
INCY
INCY
Q1 26
23.7%
Q4 25
22.3%
Q3 25
32.5%
Q2 25
43.6%
Q1 25
19.5%
Q4 24
25.6%
Q3 24
12.8%
Q2 24
-45.8%
Net Margin
CMA
CMA
INCY
INCY
Q1 26
23.8%
Q4 25
19.9%
Q3 25
21.0%
31.1%
Q2 25
23.4%
33.3%
Q1 25
20.7%
15.0%
Q4 24
20.6%
17.1%
Q3 24
22.7%
9.4%
Q2 24
25.0%
-42.6%
EPS (diluted)
CMA
CMA
INCY
INCY
Q1 26
$1.47
Q4 25
$1.46
Q3 25
$1.35
$2.11
Q2 25
$1.42
$2.04
Q1 25
$1.25
$0.80
Q4 24
$1.22
$0.90
Q3 24
$1.33
$0.54
Q2 24
$1.49
$-2.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CMA
CMA
INCY
INCY
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$5.4B
Stockholders' EquityBook value
$7.4B
$5.6B
Total Assets
$77.4B
$7.3B
Debt / EquityLower = less leverage
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMA
CMA
INCY
INCY
Q1 26
Q4 25
$3.1B
Q3 25
$2.5B
Q2 25
$2.0B
Q1 25
$1.9B
Q4 24
$1.7B
Q3 24
$1.3B
Q2 24
$987.3M
Total Debt
CMA
CMA
INCY
INCY
Q1 26
Q4 25
Q3 25
$5.4B
Q2 25
$5.8B
Q1 25
$5.7B
Q4 24
$6.7B
Q3 24
$6.8B
Q2 24
$7.1B
Stockholders' Equity
CMA
CMA
INCY
INCY
Q1 26
$5.6B
Q4 25
$5.2B
Q3 25
$7.4B
$4.7B
Q2 25
$6.9B
$4.2B
Q1 25
$7.1B
$3.7B
Q4 24
$6.5B
$3.4B
Q3 24
$7.4B
$3.2B
Q2 24
$6.2B
$3.0B
Total Assets
CMA
CMA
INCY
INCY
Q1 26
$7.3B
Q4 25
$7.0B
Q3 25
$77.4B
$6.3B
Q2 25
$78.0B
$5.8B
Q1 25
$77.6B
$5.7B
Q4 24
$79.3B
$5.4B
Q3 24
$79.7B
$5.0B
Q2 24
$79.6B
$4.7B
Debt / Equity
CMA
CMA
INCY
INCY
Q1 26
Q4 25
Q3 25
0.73×
Q2 25
0.84×
Q1 25
0.81×
Q4 24
1.02×
Q3 24
0.92×
Q2 24
1.15×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CMA
CMA
INCY
INCY
Operating Cash FlowLast quarter
$-270.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-1.53×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMA
CMA
INCY
INCY
Q1 26
Q4 25
$543.3M
Q3 25
$-270.0M
$559.4M
Q2 25
$476.0M
$44.7M
Q1 25
$273.0M
$266.1M
Q4 24
$601.0M
$381.2M
Q3 24
$1.0B
$310.9M
Q2 24
$111.0M
$-575.6M
Cash Conversion
CMA
CMA
INCY
INCY
Q1 26
Q4 25
1.82×
Q3 25
-1.53×
1.32×
Q2 25
2.39×
0.11×
Q1 25
1.59×
1.68×
Q4 24
3.54×
1.89×
Q3 24
5.70×
2.92×
Q2 24
0.54×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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