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Side-by-side financial comparison of Incyte (INCY) and KEMPER Corp (KMPR). 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 1.1× KEMPER Corp). Incyte runs the higher net margin — 23.8% vs -0.7%, a 24.5% gap on every dollar of revenue. On growth, Incyte posted the faster year-over-year revenue change (20.9% vs -4.7%). Over the past eight quarters, Incyte's revenue compounded faster (10.4% CAGR vs -0.5%).

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.

Kemper Corporation is an American insurance provider with corporate headquarters located in Chicago, Illinois. With nearly $13 billion in assets, the Kemper family of companies provides insurance to individuals, families, and businesses.

INCY vs KMPR — Head-to-Head

Bigger by revenue
INCY
INCY
1.1× larger
INCY
$1.3B
$1.1B
KMPR
Growing faster (revenue YoY)
INCY
INCY
+25.5% gap
INCY
20.9%
-4.7%
KMPR
Higher net margin
INCY
INCY
24.5% more per $
INCY
23.8%
-0.7%
KMPR
Faster 2-yr revenue CAGR
INCY
INCY
Annualised
INCY
10.4%
-0.5%
KMPR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
INCY
INCY
KMPR
KMPR
Revenue
$1.3B
$1.1B
Net Profit
$303.3M
$-8.0M
Gross Margin
Operating Margin
23.7%
Net Margin
23.8%
-0.7%
Revenue YoY
20.9%
-4.7%
Net Profit YoY
91.7%
-108.2%
EPS (diluted)
$1.47
$-0.03

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
KMPR
KMPR
Q1 26
$1.3B
Q4 25
$1.5B
$1.1B
Q3 25
$1.4B
$1.2B
Q2 25
$1.2B
$1.2B
Q1 25
$1.1B
$1.2B
Q4 24
$1.2B
$1.2B
Q3 24
$1.1B
$1.2B
Q2 24
$1.0B
$1.1B
Net Profit
INCY
INCY
KMPR
KMPR
Q1 26
$303.3M
Q4 25
$299.3M
$-8.0M
Q3 25
$424.2M
$-21.0M
Q2 25
$405.0M
$72.6M
Q1 25
$158.2M
$99.7M
Q4 24
$201.2M
$97.4M
Q3 24
$106.5M
$73.7M
Q2 24
$-444.6M
$75.4M
Gross Margin
INCY
INCY
KMPR
KMPR
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
KMPR
KMPR
Q1 26
23.7%
Q4 25
22.3%
Q3 25
32.5%
Q2 25
43.6%
Q1 25
19.5%
Q4 24
25.6%
Q3 24
12.8%
11.2%
Q2 24
-45.8%
10.1%
Net Margin
INCY
INCY
KMPR
KMPR
Q1 26
23.8%
Q4 25
19.9%
-0.7%
Q3 25
31.1%
-1.7%
Q2 25
33.3%
5.9%
Q1 25
15.0%
8.4%
Q4 24
17.1%
8.2%
Q3 24
9.4%
6.3%
Q2 24
-42.6%
6.7%
EPS (diluted)
INCY
INCY
KMPR
KMPR
Q1 26
$1.47
Q4 25
$1.46
$-0.03
Q3 25
$2.11
$-0.34
Q2 25
$2.04
$1.12
Q1 25
$0.80
$1.54
Q4 24
$0.90
$1.51
Q3 24
$0.54
$1.14
Q2 24
$-2.04
$1.16

Balance Sheet & Financial Strength

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

Metric
INCY
INCY
KMPR
KMPR
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$943.5M
Stockholders' EquityBook value
$5.6B
$2.7B
Total Assets
$7.3B
$12.5B
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INCY
INCY
KMPR
KMPR
Q1 26
Q4 25
$3.1B
Q3 25
$2.5B
$371.2M
Q2 25
$2.0B
$407.6M
Q1 25
$1.9B
$545.3M
Q4 24
$1.7B
$1.0B
Q3 24
$1.3B
$696.9M
Q2 24
$987.3M
$539.1M
Total Debt
INCY
INCY
KMPR
KMPR
Q1 26
Q4 25
$943.5M
Q3 25
$943.1M
Q2 25
$942.6M
Q1 25
$942.1M
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$1.4B
Stockholders' Equity
INCY
INCY
KMPR
KMPR
Q1 26
$5.6B
Q4 25
$5.2B
$2.7B
Q3 25
$4.7B
$2.7B
Q2 25
$4.2B
$370.0M
Q1 25
$3.7B
$366.0M
Q4 24
$3.4B
$2.8B
Q3 24
$3.2B
$2.8B
Q2 24
$3.0B
$358.0M
Total Assets
INCY
INCY
KMPR
KMPR
Q1 26
$7.3B
Q4 25
$7.0B
$12.5B
Q3 25
$6.3B
$12.4B
Q2 25
$5.8B
$12.6B
Q1 25
$5.7B
$12.5B
Q4 24
$5.4B
$12.6B
Q3 24
$5.0B
$12.6B
Q2 24
$4.7B
$12.6B
Debt / Equity
INCY
INCY
KMPR
KMPR
Q1 26
Q4 25
0.35×
Q3 25
0.35×
Q2 25
2.55×
Q1 25
2.57×
Q4 24
0.50×
Q3 24
0.50×
Q2 24
3.88×

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
KMPR
KMPR
Operating Cash FlowLast quarter
$175.0M
Free Cash FlowOCF − Capex
$166.2M
FCF MarginFCF / Revenue
14.7%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$553.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INCY
INCY
KMPR
KMPR
Q1 26
Q4 25
$543.3M
$175.0M
Q3 25
$559.4M
$139.9M
Q2 25
$44.7M
$89.6M
Q1 25
$266.1M
$180.0M
Q4 24
$381.2M
$175.1M
Q3 24
$310.9M
$141.9M
Q2 24
$-575.6M
$22.9M
Free Cash Flow
INCY
INCY
KMPR
KMPR
Q1 26
Q4 25
$166.2M
Q3 25
$133.4M
Q2 25
$82.0M
Q1 25
$172.3M
Q4 24
$165.4M
Q3 24
$131.4M
Q2 24
$5.2M
FCF Margin
INCY
INCY
KMPR
KMPR
Q1 26
Q4 25
14.7%
Q3 25
10.8%
Q2 25
6.7%
Q1 25
14.4%
Q4 24
13.9%
Q3 24
11.1%
Q2 24
0.5%
Capex Intensity
INCY
INCY
KMPR
KMPR
Q1 26
Q4 25
0.8%
Q3 25
0.5%
Q2 25
0.6%
Q1 25
0.6%
Q4 24
0.8%
Q3 24
0.9%
Q2 24
1.6%
Cash Conversion
INCY
INCY
KMPR
KMPR
Q1 26
Q4 25
1.82×
Q3 25
1.32×
Q2 25
0.11×
1.23×
Q1 25
1.68×
1.81×
Q4 24
1.89×
1.80×
Q3 24
2.92×
1.93×
Q2 24
0.30×

Financial Flow Comparison

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

Revenue Breakdown by Segment

INCY
INCY

Segment breakdown not available.

KMPR
KMPR

Specialty Property Casualty Insurance Segment$995.1M88%
Life Insurance Segment1$140.7M12%

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