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Side-by-side financial comparison of Diversified Energy Co (DEC) 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 $666.5M, roughly 1.9× Diversified Energy Co). Diversified Energy Co runs the higher net margin — 29.3% vs 23.8%, a 5.5% gap on every dollar of revenue.
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.
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.
DEC vs INCY — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $666.5M | $1.3B |
| Net Profit | $195.5M | $303.3M |
| Gross Margin | — | — |
| Operating Margin | 37.6% | 23.7% |
| Net Margin | 29.3% | 23.8% |
| Revenue YoY | — | 20.9% |
| Net Profit YoY | — | 91.7% |
| EPS (diluted) | — | $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.
| Q1 26 | — | $1.3B | ||
| Q4 25 | $666.5M | $1.5B | ||
| Q3 25 | $499.8M | $1.4B | ||
| Q2 25 | $600.3M | $1.2B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.0B |
| Q1 26 | — | $303.3M | ||
| Q4 25 | $195.5M | $299.3M | ||
| Q3 25 | $171.1M | $424.2M | ||
| Q2 25 | $297.7M | $405.0M | ||
| Q1 25 | — | $158.2M | ||
| Q4 24 | — | $201.2M | ||
| Q3 24 | — | $106.5M | ||
| Q2 24 | — | $-444.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 92.0% | ||
| Q3 25 | — | 92.8% | ||
| Q2 25 | 44.7% | 93.5% | ||
| Q1 25 | — | 93.0% | ||
| Q4 24 | — | 92.5% | ||
| Q3 24 | — | 92.4% | ||
| Q2 24 | — | 92.7% |
| Q1 26 | — | 23.7% | ||
| Q4 25 | 37.6% | 22.3% | ||
| Q3 25 | 36.2% | 32.5% | ||
| Q2 25 | 48.5% | 43.6% | ||
| Q1 25 | — | 19.5% | ||
| Q4 24 | — | 25.6% | ||
| Q3 24 | — | 12.8% | ||
| Q2 24 | — | -45.8% |
| Q1 26 | — | 23.8% | ||
| Q4 25 | 29.3% | 19.9% | ||
| Q3 25 | 34.2% | 31.1% | ||
| Q2 25 | 49.6% | 33.3% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | — | 17.1% | ||
| Q3 24 | — | 9.4% | ||
| Q2 24 | — | -42.6% |
| Q1 26 | — | $1.47 | ||
| Q4 25 | — | $1.46 | ||
| Q3 25 | $2.14 | $2.11 | ||
| Q2 25 | $3.67 | $2.04 | ||
| Q1 25 | — | $0.80 | ||
| Q4 24 | — | $0.90 | ||
| Q3 24 | — | $0.54 | ||
| Q2 24 | — | $-2.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.7M | — |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $984.1M | $5.6B |
| Total Assets | $6.2B | $7.3B |
| Debt / EquityLower = less leverage | 2.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $29.7M | $3.1B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | $23.7M | $2.0B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $987.3M |
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $5.6B | ||
| Q4 25 | $984.1M | $5.2B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | $727.7M | $4.2B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.0B |
| Q1 26 | — | $7.3B | ||
| Q4 25 | $6.2B | $7.0B | ||
| Q3 25 | — | $6.3B | ||
| Q2 25 | $5.7B | $5.8B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | — | $5.4B | ||
| Q3 24 | — | $5.0B | ||
| Q2 24 | — | $4.7B |
| Q1 26 | — | — | ||
| Q4 25 | 2.76× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $464.6M | — |
| Free Cash FlowOCF − Capex | $280.0M | — |
| FCF MarginFCF / Revenue | 42.0% | — |
| Capex IntensityCapex / Revenue | 27.7% | — |
| Cash ConversionOCF / Net Profit | 2.38× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $464.6M | $543.3M | ||
| Q3 25 | — | $559.4M | ||
| Q2 25 | $264.1M | $44.7M | ||
| Q1 25 | — | $266.1M | ||
| Q4 24 | — | $381.2M | ||
| Q3 24 | — | $310.9M | ||
| Q2 24 | — | $-575.6M |
| Q1 26 | — | — | ||
| Q4 25 | $280.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 42.0% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 27.7% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.38× | 1.82× | ||
| Q3 25 | — | 1.32× | ||
| Q2 25 | 0.89× | 0.11× | ||
| Q1 25 | — | 1.68× | ||
| Q4 24 | — | 1.89× | ||
| Q3 24 | — | 2.92× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
