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Side-by-side financial comparison of Huntsman CORP (HUN) and Incyte (INCY). Click either name above to swap in a different company.

Huntsman CORP is the larger business by last-quarter revenue ($1.4B vs $1.3B, roughly 1.1× Incyte). Incyte runs the higher net margin — 23.8% vs -7.1%, a 30.9% gap on every dollar of revenue. On growth, Incyte posted the faster year-over-year revenue change (19.8% vs -6.7%). Over the past eight quarters, Incyte's revenue compounded faster (10.4% CAGR vs -4.0%).

Huntsman Corporation is an American multinational manufacturer and marketer of chemical products for consumers and industrial customers. Huntsman manufactures assorted polyurethanes, performance products, and adhesives for customers like BMW, GE, Chevron, Procter & Gamble, Unilever and Walkaroo. With global headquarters in The Woodlands, Texas, it operates more than 60 manufacturing, R&D and operations facilities in over 25 countries and employ approximately 7,000 associates across three busi...

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.

HUN vs INCY — Head-to-Head

Bigger by revenue
HUN
HUN
1.1× larger
HUN
$1.4B
$1.3B
INCY
Growing faster (revenue YoY)
INCY
INCY
+26.4% gap
INCY
19.8%
-6.7%
HUN
Higher net margin
INCY
INCY
30.9% more per $
INCY
23.8%
-7.1%
HUN
Faster 2-yr revenue CAGR
INCY
INCY
Annualised
INCY
10.4%
-4.0%
HUN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HUN
HUN
INCY
INCY
Revenue
$1.4B
$1.3B
Net Profit
$-96.0M
$303.3M
Gross Margin
12.1%
Operating Margin
-4.4%
23.7%
Net Margin
-7.1%
23.8%
Revenue YoY
-6.7%
19.8%
Net Profit YoY
31.9%
91.7%
EPS (diluted)
$-0.56
$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
HUN
HUN
INCY
INCY
Q1 26
$1.3B
Q4 25
$1.4B
$1.5B
Q3 25
$1.5B
$1.4B
Q2 25
$1.5B
$1.2B
Q1 25
$1.4B
$1.1B
Q4 24
$1.5B
$1.2B
Q3 24
$1.5B
$1.1B
Q2 24
$1.6B
$1.0B
Net Profit
HUN
HUN
INCY
INCY
Q1 26
$303.3M
Q4 25
$-96.0M
$299.3M
Q3 25
$-25.0M
$424.2M
Q2 25
$-158.0M
$405.0M
Q1 25
$-5.0M
$158.2M
Q4 24
$-141.0M
$201.2M
Q3 24
$-33.0M
$106.5M
Q2 24
$22.0M
$-444.6M
Gross Margin
HUN
HUN
INCY
INCY
Q1 26
Q4 25
12.1%
92.0%
Q3 25
14.0%
92.8%
Q2 25
12.5%
93.5%
Q1 25
14.3%
93.0%
Q4 24
12.9%
92.5%
Q3 24
15.2%
92.4%
Q2 24
15.4%
92.7%
Operating Margin
HUN
HUN
INCY
INCY
Q1 26
23.7%
Q4 25
-4.4%
22.3%
Q3 25
0.4%
32.5%
Q2 25
-8.2%
43.6%
Q1 25
3.0%
19.5%
Q4 24
-4.3%
25.6%
Q3 24
2.7%
12.8%
Q2 24
2.2%
-45.8%
Net Margin
HUN
HUN
INCY
INCY
Q1 26
23.8%
Q4 25
-7.1%
19.9%
Q3 25
-1.7%
31.1%
Q2 25
-10.8%
33.3%
Q1 25
-0.4%
15.0%
Q4 24
-9.7%
17.1%
Q3 24
-2.1%
9.4%
Q2 24
1.4%
-42.6%
EPS (diluted)
HUN
HUN
INCY
INCY
Q1 26
$1.47
Q4 25
$-0.56
$1.46
Q3 25
$-0.14
$2.11
Q2 25
$-0.92
$2.04
Q1 25
$-0.03
$0.80
Q4 24
$-0.82
$0.90
Q3 24
$-0.19
$0.54
Q2 24
$0.13
$-2.04

Balance Sheet & Financial Strength

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

Metric
HUN
HUN
INCY
INCY
Cash + ST InvestmentsLiquidity on hand
$429.0M
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$2.8B
$5.6B
Total Assets
$7.0B
$7.3B
Debt / EquityLower = less leverage
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HUN
HUN
INCY
INCY
Q1 26
Q4 25
$429.0M
$3.1B
Q3 25
$468.0M
$2.5B
Q2 25
$399.0M
$2.0B
Q1 25
$334.0M
$1.9B
Q4 24
$340.0M
$1.7B
Q3 24
$330.0M
$1.3B
Q2 24
$335.0M
$987.3M
Total Debt
HUN
HUN
INCY
INCY
Q1 26
Q4 25
$2.0B
Q3 25
$2.0B
Q2 25
$2.0B
Q1 25
$2.0B
Q4 24
$1.8B
Q3 24
$1.9B
Q2 24
$1.9B
Stockholders' Equity
HUN
HUN
INCY
INCY
Q1 26
$5.6B
Q4 25
$2.8B
$5.2B
Q3 25
$2.8B
$4.7B
Q2 25
$2.8B
$4.2B
Q1 25
$3.0B
$3.7B
Q4 24
$3.0B
$3.4B
Q3 24
$3.1B
$3.2B
Q2 24
$3.1B
$3.0B
Total Assets
HUN
HUN
INCY
INCY
Q1 26
$7.3B
Q4 25
$7.0B
$7.0B
Q3 25
$7.1B
$6.3B
Q2 25
$7.1B
$5.8B
Q1 25
$7.2B
$5.7B
Q4 24
$7.1B
$5.4B
Q3 24
$7.3B
$5.0B
Q2 24
$7.3B
$4.7B
Debt / Equity
HUN
HUN
INCY
INCY
Q1 26
Q4 25
0.73×
Q3 25
0.73×
Q2 25
0.72×
Q1 25
0.66×
Q4 24
0.62×
Q3 24
0.60×
Q2 24
0.62×

Cash Flow & Capital Efficiency

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

Metric
HUN
HUN
INCY
INCY
Operating Cash FlowLast quarter
$76.0M
Free Cash FlowOCF − Capex
$19.0M
FCF MarginFCF / Revenue
1.4%
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$116.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HUN
HUN
INCY
INCY
Q1 26
Q4 25
$76.0M
$543.3M
Q3 25
$196.0M
$559.4M
Q2 25
$91.0M
$44.7M
Q1 25
$-74.0M
$266.1M
Q4 24
$153.0M
$381.2M
Q3 24
$129.0M
$310.9M
Q2 24
$46.0M
$-575.6M
Free Cash Flow
HUN
HUN
INCY
INCY
Q1 26
Q4 25
$19.0M
Q3 25
$153.0M
Q2 25
$54.0M
Q1 25
$-110.0M
Q4 24
$102.0M
Q3 24
$88.0M
Q2 24
$-4.0M
FCF Margin
HUN
HUN
INCY
INCY
Q1 26
Q4 25
1.4%
Q3 25
10.5%
Q2 25
3.7%
Q1 25
-7.8%
Q4 24
7.0%
Q3 24
5.7%
Q2 24
-0.3%
Capex Intensity
HUN
HUN
INCY
INCY
Q1 26
Q4 25
4.2%
Q3 25
2.9%
Q2 25
2.5%
Q1 25
2.6%
Q4 24
3.5%
Q3 24
2.7%
Q2 24
3.2%
Cash Conversion
HUN
HUN
INCY
INCY
Q1 26
Q4 25
1.82×
Q3 25
1.32×
Q2 25
0.11×
Q1 25
1.68×
Q4 24
1.89×
Q3 24
2.92×
Q2 24
2.09×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HUN
HUN

Diversified$897.0M66%
Specialty$231.0M17%
Performance Products$113.0M8%
Advanced Materials$61.0M5%
Related Party Customers$19.0M1%
Other$12.0M1%

INCY
INCY

Segment breakdown not available.

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