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

Incyte is the larger business by last-quarter revenue ($1.3B vs $844.1M, roughly 1.5× KIRBY CORP). Incyte runs the higher net margin — 23.8% vs 9.6%, a 14.2% gap on every dollar of revenue. On growth, Incyte posted the faster year-over-year revenue change (20.9% vs 7.4%). Over the past eight quarters, Incyte's revenue compounded faster (10.4% CAGR vs 1.2%).

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.

Kirby Corporation, headquartered in Houston, Texas, is the largest tank barge operator in the United States, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, along all three U.S. Coasts, and in Alaska and Hawaii. Products transported by Kirby include petrochemicals, black oil, refined petroleum products, and agricultural chemical products by tank barge. Kirby also owns and operates eight ocean-going barge and tug units transporting ...

INCY vs KEX — Head-to-Head

Bigger by revenue
INCY
INCY
1.5× larger
INCY
$1.3B
$844.1M
KEX
Growing faster (revenue YoY)
INCY
INCY
+13.4% gap
INCY
20.9%
7.4%
KEX
Higher net margin
INCY
INCY
14.2% more per $
INCY
23.8%
9.6%
KEX
Faster 2-yr revenue CAGR
INCY
INCY
Annualised
INCY
10.4%
1.2%
KEX

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
INCY
INCY
KEX
KEX
Revenue
$1.3B
$844.1M
Net Profit
$303.3M
$81.3M
Gross Margin
Operating Margin
23.7%
12.8%
Net Margin
23.8%
9.6%
Revenue YoY
20.9%
7.4%
Net Profit YoY
91.7%
6.6%
EPS (diluted)
$1.47
$1.50

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
KEX
KEX
Q1 26
$1.3B
$844.1M
Q4 25
$1.5B
$851.8M
Q3 25
$1.4B
$871.2M
Q2 25
$1.2B
$855.5M
Q1 25
$1.1B
$785.7M
Q4 24
$1.2B
$802.3M
Q3 24
$1.1B
$831.1M
Q2 24
$1.0B
$824.4M
Net Profit
INCY
INCY
KEX
KEX
Q1 26
$303.3M
$81.3M
Q4 25
$299.3M
$91.8M
Q3 25
$424.2M
$92.5M
Q2 25
$405.0M
$94.3M
Q1 25
$158.2M
$76.0M
Q4 24
$201.2M
$42.8M
Q3 24
$106.5M
$90.0M
Q2 24
$-444.6M
$83.9M
Gross Margin
INCY
INCY
KEX
KEX
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
INCY
INCY
KEX
KEX
Q1 26
23.7%
12.8%
Q4 25
22.3%
15.2%
Q3 25
32.5%
14.8%
Q2 25
43.6%
15.4%
Q1 25
19.5%
13.4%
Q4 24
25.6%
6.3%
Q3 24
12.8%
15.3%
Q2 24
-45.8%
14.6%
Net Margin
INCY
INCY
KEX
KEX
Q1 26
23.8%
9.6%
Q4 25
19.9%
10.8%
Q3 25
31.1%
10.6%
Q2 25
33.3%
11.0%
Q1 25
15.0%
9.7%
Q4 24
17.1%
5.3%
Q3 24
9.4%
10.8%
Q2 24
-42.6%
10.2%
EPS (diluted)
INCY
INCY
KEX
KEX
Q1 26
$1.47
$1.50
Q4 25
$1.46
$1.68
Q3 25
$2.11
$1.65
Q2 25
$2.04
$1.67
Q1 25
$0.80
$1.33
Q4 24
$0.90
$0.74
Q3 24
$0.54
$1.55
Q2 24
$-2.04
$1.43

Balance Sheet & Financial Strength

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

Metric
INCY
INCY
KEX
KEX
Cash + ST InvestmentsLiquidity on hand
$58.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.6B
$3.4B
Total Assets
$7.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INCY
INCY
KEX
KEX
Q1 26
$58.0M
Q4 25
$3.1B
$78.8M
Q3 25
$2.5B
$47.0M
Q2 25
$2.0B
$68.4M
Q1 25
$1.9B
$51.1M
Q4 24
$1.7B
$74.4M
Q3 24
$1.3B
$67.1M
Q2 24
$987.3M
$53.5M
Total Debt
INCY
INCY
KEX
KEX
Q1 26
Q4 25
$919.3M
Q3 25
$1.0B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$874.9M
Q3 24
$978.6M
Q2 24
$1.0B
Stockholders' Equity
INCY
INCY
KEX
KEX
Q1 26
$5.6B
$3.4B
Q4 25
$5.2B
$3.4B
Q3 25
$4.7B
$3.4B
Q2 25
$4.2B
$3.4B
Q1 25
$3.7B
$3.3B
Q4 24
$3.4B
$3.4B
Q3 24
$3.2B
$3.3B
Q2 24
$3.0B
$3.3B
Total Assets
INCY
INCY
KEX
KEX
Q1 26
$7.3B
Q4 25
$7.0B
$6.0B
Q3 25
$6.3B
$6.1B
Q2 25
$5.8B
$6.1B
Q1 25
$5.7B
$6.0B
Q4 24
$5.4B
$5.9B
Q3 24
$5.0B
$5.9B
Q2 24
$4.7B
$5.9B
Debt / Equity
INCY
INCY
KEX
KEX
Q1 26
Q4 25
0.27×
Q3 25
0.31×
Q2 25
0.33×
Q1 25
0.33×
Q4 24
0.26×
Q3 24
0.30×
Q2 24
0.32×

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
KEX
KEX
Operating Cash FlowLast quarter
$97.7M
Free Cash FlowOCF − Capex
$49.4M
FCF MarginFCF / Revenue
5.9%
Capex IntensityCapex / Revenue
5.7%
Cash ConversionOCF / Net Profit
1.20×
TTM Free Cash FlowTrailing 4 quarters
$497.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INCY
INCY
KEX
KEX
Q1 26
$97.7M
Q4 25
$543.3M
$312.2M
Q3 25
$559.4M
$227.5M
Q2 25
$44.7M
$93.9M
Q1 25
$266.1M
$36.5M
Q4 24
$381.2M
$247.4M
Q3 24
$310.9M
$206.5M
Q2 24
$-575.6M
$179.3M
Free Cash Flow
INCY
INCY
KEX
KEX
Q1 26
$49.4M
Q4 25
$265.2M
Q3 25
$160.3M
Q2 25
$22.4M
Q1 25
$-42.1M
Q4 24
$150.7M
Q3 24
$130.1M
Q2 24
$90.8M
FCF Margin
INCY
INCY
KEX
KEX
Q1 26
5.9%
Q4 25
31.1%
Q3 25
18.4%
Q2 25
2.6%
Q1 25
-5.4%
Q4 24
18.8%
Q3 24
15.7%
Q2 24
11.0%
Capex Intensity
INCY
INCY
KEX
KEX
Q1 26
5.7%
Q4 25
5.5%
Q3 25
7.7%
Q2 25
8.4%
Q1 25
10.0%
Q4 24
12.0%
Q3 24
9.2%
Q2 24
10.7%
Cash Conversion
INCY
INCY
KEX
KEX
Q1 26
1.20×
Q4 25
1.82×
3.40×
Q3 25
1.32×
2.46×
Q2 25
0.11×
1.00×
Q1 25
1.68×
0.48×
Q4 24
1.89×
5.78×
Q3 24
2.92×
2.30×
Q2 24
2.14×

Financial Flow Comparison

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

Revenue Breakdown by Segment

INCY
INCY

Segment breakdown not available.

KEX
KEX

Marine transportation$497.2M59%
Distribution and services$346.9M41%

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