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Side-by-side financial comparison of Robinhood Markets, Inc. (HOOD) 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 $1.1B, roughly 1.2× Robinhood Markets, Inc.). Robinhood Markets, Inc. runs the higher net margin — 32.4% vs 23.8%, a 8.6% gap on every dollar of revenue. On growth, Incyte posted the faster year-over-year revenue change (20.9% vs 15.1%). Over the past eight quarters, Robinhood Markets, Inc.'s revenue compounded faster (25.1% CAGR vs 10.4%).

Robinhood Markets, Inc. is an American financial services company based in Menlo Park, California. It provides an electronic trading platform that facilitates trades of stocks, exchange-traded funds, options, index options, futures contracts, event contracts on prediction markets, and cryptocurrency. It also offers cryptocurrency wallets, wealth management, credit cards and other banking services, some in partnership with banks insured by the FDIC, as well as a news website, Sherwood.News.

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.

HOOD vs INCY — Head-to-Head

Bigger by revenue
INCY
INCY
1.2× larger
INCY
$1.3B
$1.1B
HOOD
Growing faster (revenue YoY)
INCY
INCY
+5.8% gap
INCY
20.9%
15.1%
HOOD
Higher net margin
HOOD
HOOD
8.6% more per $
HOOD
32.4%
23.8%
INCY
Faster 2-yr revenue CAGR
HOOD
HOOD
Annualised
HOOD
25.1%
10.4%
INCY

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
HOOD
HOOD
INCY
INCY
Revenue
$1.1B
$1.3B
Net Profit
$346.0M
$303.3M
Gross Margin
Operating Margin
38.5%
23.7%
Net Margin
32.4%
23.8%
Revenue YoY
15.1%
20.9%
Net Profit YoY
3.0%
91.7%
EPS (diluted)
$0.38
$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
HOOD
HOOD
INCY
INCY
Q1 26
$1.1B
$1.3B
Q4 25
$1.3B
$1.5B
Q3 25
$1.3B
$1.4B
Q2 25
$989.0M
$1.2B
Q1 25
$927.0M
$1.1B
Q4 24
$1.0B
$1.2B
Q3 24
$637.0M
$1.1B
Q2 24
$682.0M
$1.0B
Net Profit
HOOD
HOOD
INCY
INCY
Q1 26
$346.0M
$303.3M
Q4 25
$605.0M
$299.3M
Q3 25
$556.0M
$424.2M
Q2 25
$386.0M
$405.0M
Q1 25
$336.0M
$158.2M
Q4 24
$916.0M
$201.2M
Q3 24
$150.0M
$106.5M
Q2 24
$188.0M
$-444.6M
Gross Margin
HOOD
HOOD
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
HOOD
HOOD
INCY
INCY
Q1 26
38.5%
23.7%
Q4 25
51.5%
22.3%
Q3 25
49.8%
32.5%
Q2 25
44.7%
43.6%
Q1 25
40.0%
19.5%
Q4 24
55.0%
25.6%
Q3 24
24.0%
12.8%
Q2 24
28.0%
-45.8%
Net Margin
HOOD
HOOD
INCY
INCY
Q1 26
32.4%
23.8%
Q4 25
47.2%
19.9%
Q3 25
43.6%
31.1%
Q2 25
39.0%
33.3%
Q1 25
36.2%
15.0%
Q4 24
90.3%
17.1%
Q3 24
23.5%
9.4%
Q2 24
27.6%
-42.6%
EPS (diluted)
HOOD
HOOD
INCY
INCY
Q1 26
$0.38
$1.47
Q4 25
$0.65
$1.46
Q3 25
$0.61
$2.11
Q2 25
$0.42
$2.04
Q1 25
$0.37
$0.80
Q4 24
$1.00
$0.90
Q3 24
$0.17
$0.54
Q2 24
$0.21
$-2.04

Balance Sheet & Financial Strength

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

Metric
HOOD
HOOD
INCY
INCY
Cash + ST InvestmentsLiquidity on hand
$5.0B
Total DebtLower is stronger
Stockholders' EquityBook value
$9.7B
$5.6B
Total Assets
$45.5B
$7.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HOOD
HOOD
INCY
INCY
Q1 26
$5.0B
Q4 25
$4.3B
$3.1B
Q3 25
$4.3B
$2.5B
Q2 25
$4.2B
$2.0B
Q1 25
$4.4B
$1.9B
Q4 24
$4.3B
$1.7B
Q3 24
$4.6B
$1.3B
Q2 24
$4.5B
$987.3M
Stockholders' Equity
HOOD
HOOD
INCY
INCY
Q1 26
$9.7B
$5.6B
Q4 25
$9.2B
$5.2B
Q3 25
$8.6B
$4.7B
Q2 25
$8.1B
$4.2B
Q1 25
$8.0B
$3.7B
Q4 24
$8.0B
$3.4B
Q3 24
$7.2B
$3.2B
Q2 24
$7.1B
$3.0B
Total Assets
HOOD
HOOD
INCY
INCY
Q1 26
$45.5B
$7.3B
Q4 25
$38.1B
$7.0B
Q3 25
$41.5B
$6.3B
Q2 25
$35.3B
$5.8B
Q1 25
$27.5B
$5.7B
Q4 24
$26.2B
$5.4B
Q3 24
$43.2B
$5.0B
Q2 24
$41.3B
$4.7B

Cash Flow & Capital Efficiency

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

Metric
HOOD
HOOD
INCY
INCY
Operating Cash FlowLast quarter
$2.0B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
5.89×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HOOD
HOOD
INCY
INCY
Q1 26
$2.0B
Q4 25
$-937.0M
$543.3M
Q3 25
$-1.6B
$559.4M
Q2 25
$3.5B
$44.7M
Q1 25
$642.0M
$266.1M
Q4 24
$-1.4B
$381.2M
Q3 24
$1.8B
$310.9M
Q2 24
$54.0M
$-575.6M
Cash Conversion
HOOD
HOOD
INCY
INCY
Q1 26
5.89×
Q4 25
-1.55×
1.82×
Q3 25
-2.83×
1.32×
Q2 25
9.09×
0.11×
Q1 25
1.91×
1.68×
Q4 24
-1.53×
1.89×
Q3 24
12.08×
2.92×
Q2 24
0.29×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HOOD
HOOD

Net interest$359.0M34%
Options$260.0M24%
Other transaction$147.0M14%
Cryptocurrencies$134.0M13%
Other revenues$85.0M8%
Equities$82.0M8%

INCY
INCY

Segment breakdown not available.

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