vs

Side-by-side financial comparison of Incyte (INCY) and JBT Marel Corp (JBTM). Click either name above to swap in a different company.

Incyte is the larger business by last-quarter revenue ($1.3B vs $1.0B, roughly 1.3× JBT Marel Corp). Incyte runs the higher net margin — 23.8% vs 5.3%, a 18.6% gap on every dollar of revenue. On growth, JBT Marel Corp posted the faster year-over-year revenue change (115.6% vs 20.9%). Over the past eight quarters, JBT Marel Corp's revenue compounded faster (60.3% CAGR vs 10.4%).

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.

JBT Marel Corporation, formerly known as JBT Corporation, or John Bean Technologies Corporation, is a food processing machinery and automated vehicle company. The company was incorporated in 2008 when FMC Technologies divested its non-energy businesses. The company is based in Chicago, Illinois and traces its history back to a company founded in 1884 by John Bean, an orchardist in Los Gatos, California.

INCY vs JBTM — Head-to-Head

Bigger by revenue
INCY
INCY
1.3× larger
INCY
$1.3B
$1.0B
JBTM
Growing faster (revenue YoY)
JBTM
JBTM
+94.7% gap
JBTM
115.6%
20.9%
INCY
Higher net margin
INCY
INCY
18.6% more per $
INCY
23.8%
5.3%
JBTM
Faster 2-yr revenue CAGR
JBTM
JBTM
Annualised
JBTM
60.3%
10.4%
INCY

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
INCY
INCY
JBTM
JBTM
Revenue
$1.3B
$1.0B
Net Profit
$303.3M
$53.1M
Gross Margin
34.5%
Operating Margin
23.7%
7.2%
Net Margin
23.8%
5.3%
Revenue YoY
20.9%
115.6%
Net Profit YoY
91.7%
858.6%
EPS (diluted)
$1.47
$1.04

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
INCY
INCY
JBTM
JBTM
Q1 26
$1.3B
Q4 25
$1.5B
$1.0B
Q3 25
$1.4B
$1.0B
Q2 25
$1.2B
$934.8M
Q1 25
$1.1B
$854.1M
Q4 24
$1.2B
$467.6M
Q3 24
$1.1B
$453.8M
Q2 24
$1.0B
$402.3M
Net Profit
INCY
INCY
JBTM
JBTM
Q1 26
$303.3M
Q4 25
$299.3M
$53.1M
Q3 25
$424.2M
$66.0M
Q2 25
$405.0M
$3.4M
Q1 25
$158.2M
$-173.0M
Q4 24
$201.2M
$-7.0M
Q3 24
$106.5M
$38.9M
Q2 24
$-444.6M
$30.7M
Gross Margin
INCY
INCY
JBTM
JBTM
Q1 26
Q4 25
92.0%
34.5%
Q3 25
92.8%
35.9%
Q2 25
93.5%
35.8%
Q1 25
93.0%
34.2%
Q4 24
92.5%
38.4%
Q3 24
92.4%
36.1%
Q2 24
92.7%
35.6%
Operating Margin
INCY
INCY
JBTM
JBTM
Q1 26
23.7%
Q4 25
22.3%
7.2%
Q3 25
32.5%
10.2%
Q2 25
43.6%
5.2%
Q1 25
19.5%
-3.9%
Q4 24
25.6%
3.4%
Q3 24
12.8%
10.3%
Q2 24
-45.8%
6.7%
Net Margin
INCY
INCY
JBTM
JBTM
Q1 26
23.8%
Q4 25
19.9%
5.3%
Q3 25
31.1%
6.6%
Q2 25
33.3%
0.4%
Q1 25
15.0%
-20.3%
Q4 24
17.1%
-1.5%
Q3 24
9.4%
8.6%
Q2 24
-42.6%
7.6%
EPS (diluted)
INCY
INCY
JBTM
JBTM
Q1 26
$1.47
Q4 25
$1.46
$1.04
Q3 25
$2.11
$1.26
Q2 25
$2.04
$0.07
Q1 25
$0.80
$-3.35
Q4 24
$0.90
$-0.22
Q3 24
$0.54
$1.21
Q2 24
$-2.04
$0.95

Balance Sheet & Financial Strength

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

Metric
INCY
INCY
JBTM
JBTM
Cash + ST InvestmentsLiquidity on hand
$167.9M
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$5.6B
$4.5B
Total Assets
$7.3B
$8.2B
Debt / EquityLower = less leverage
0.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INCY
INCY
JBTM
JBTM
Q1 26
Q4 25
$3.1B
$167.9M
Q3 25
$2.5B
Q2 25
$2.0B
Q1 25
$1.9B
Q4 24
$1.7B
$1.2B
Q3 24
$1.3B
Q2 24
$987.3M
Total Debt
INCY
INCY
JBTM
JBTM
Q1 26
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$2.0B
Q4 24
$1.3B
Q3 24
$648.3M
Q2 24
$647.7M
Stockholders' Equity
INCY
INCY
JBTM
JBTM
Q1 26
$5.6B
Q4 25
$5.2B
$4.5B
Q3 25
$4.7B
$4.4B
Q2 25
$4.2B
$4.4B
Q1 25
$3.7B
$4.1B
Q4 24
$3.4B
$1.5B
Q3 24
$3.2B
$1.6B
Q2 24
$3.0B
$1.5B
Total Assets
INCY
INCY
JBTM
JBTM
Q1 26
$7.3B
Q4 25
$7.0B
$8.2B
Q3 25
$6.3B
$8.2B
Q2 25
$5.8B
$8.3B
Q1 25
$5.7B
$8.0B
Q4 24
$5.4B
$3.4B
Q3 24
$5.0B
$2.8B
Q2 24
$4.7B
$2.7B
Debt / Equity
INCY
INCY
JBTM
JBTM
Q1 26
Q4 25
0.33×
Q3 25
0.34×
Q2 25
0.35×
Q1 25
0.48×
Q4 24
0.81×
Q3 24
0.41×
Q2 24
0.43×

Cash Flow & Capital Efficiency

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

Metric
INCY
INCY
JBTM
JBTM
Operating Cash FlowLast quarter
$117.4M
Free Cash FlowOCF − Capex
$83.5M
FCF MarginFCF / Revenue
8.3%
Capex IntensityCapex / Revenue
3.4%
Cash ConversionOCF / Net Profit
2.21×
TTM Free Cash FlowTrailing 4 quarters
$238.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INCY
INCY
JBTM
JBTM
Q1 26
Q4 25
$543.3M
$117.4M
Q3 25
$559.4M
$87.7M
Q2 25
$44.7M
$102.2M
Q1 25
$266.1M
$34.4M
Q4 24
$381.2M
$128.7M
Q3 24
$310.9M
$71.9M
Q2 24
$-575.6M
$21.6M
Free Cash Flow
INCY
INCY
JBTM
JBTM
Q1 26
Q4 25
$83.5M
Q3 25
$56.5M
Q2 25
$83.7M
Q1 25
$14.4M
Q4 24
$118.7M
Q3 24
$65.0M
Q2 24
$11.1M
FCF Margin
INCY
INCY
JBTM
JBTM
Q1 26
Q4 25
8.3%
Q3 25
5.6%
Q2 25
9.0%
Q1 25
1.7%
Q4 24
25.4%
Q3 24
14.3%
Q2 24
2.8%
Capex Intensity
INCY
INCY
JBTM
JBTM
Q1 26
Q4 25
3.4%
Q3 25
3.1%
Q2 25
2.0%
Q1 25
2.3%
Q4 24
2.1%
Q3 24
1.5%
Q2 24
2.6%
Cash Conversion
INCY
INCY
JBTM
JBTM
Q1 26
Q4 25
1.82×
2.21×
Q3 25
1.32×
1.33×
Q2 25
0.11×
30.06×
Q1 25
1.68×
Q4 24
1.89×
Q3 24
2.92×
1.85×
Q2 24
0.70×

Financial Flow Comparison

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

Related Comparisons