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Side-by-side financial comparison of Incyte (INCY) and Liberty Energy Inc. (LBRT). 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 1.2× Liberty Energy Inc.). Incyte runs the higher net margin — 23.8% vs 2.2%, a 21.6% gap on every dollar of revenue. On growth, Incyte posted the faster year-over-year revenue change (20.9% vs 4.5%). Over the past eight quarters, Incyte's revenue compounded faster (10.4% CAGR vs -6.2%).
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.
Liberty Energy Inc. is a North American energy services provider specializing in hydraulic fracturing and well completion solutions for oil and gas operators. It serves clients across major U.S. shale basins, offering low-emission equipment and tailored support to optimize well productivity.
INCY vs LBRT — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.0B |
| Net Profit | $303.3M | $22.6M |
| Gross Margin | — | — |
| Operating Margin | 23.7% | 2.2% |
| Net Margin | 23.8% | 2.2% |
| Revenue YoY | 20.9% | 4.5% |
| Net Profit YoY | 91.7% | — |
| EPS (diluted) | $1.47 | $0.14 |
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.
| Q1 26 | $1.3B | $1.0B | ||
| Q4 25 | $1.5B | $1.0B | ||
| Q3 25 | $1.4B | $947.4M | ||
| Q2 25 | $1.2B | $1.0B | ||
| Q1 25 | $1.1B | $977.5M | ||
| Q4 24 | $1.2B | $943.6M | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.0B | $1.2B |
| Q1 26 | $303.3M | $22.6M | ||
| Q4 25 | $299.3M | $13.7M | ||
| Q3 25 | $424.2M | $43.1M | ||
| Q2 25 | $405.0M | $71.0M | ||
| Q1 25 | $158.2M | $20.1M | ||
| Q4 24 | $201.2M | $51.9M | ||
| Q3 24 | $106.5M | $73.8M | ||
| Q2 24 | $-444.6M | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | 92.0% | 20.6% | ||
| Q3 25 | 92.8% | 18.7% | ||
| Q2 25 | 93.5% | 22.1% | ||
| Q1 25 | 93.0% | 22.1% | ||
| Q4 24 | 92.5% | 21.4% | ||
| Q3 24 | 92.4% | 26.2% | ||
| Q2 24 | 92.7% | 27.9% |
| Q1 26 | 23.7% | 2.2% | ||
| Q4 25 | 22.3% | 1.9% | ||
| Q3 25 | 32.5% | -0.3% | ||
| Q2 25 | 43.6% | 3.6% | ||
| Q1 25 | 19.5% | 1.9% | ||
| Q4 24 | 25.6% | 2.6% | ||
| Q3 24 | 12.8% | 9.4% | ||
| Q2 24 | -45.8% | 12.2% |
| Q1 26 | 23.8% | 2.2% | ||
| Q4 25 | 19.9% | 1.3% | ||
| Q3 25 | 31.1% | 4.5% | ||
| Q2 25 | 33.3% | 6.8% | ||
| Q1 25 | 15.0% | 2.1% | ||
| Q4 24 | 17.1% | 5.5% | ||
| Q3 24 | 9.4% | 6.5% | ||
| Q2 24 | -42.6% | 9.3% |
| Q1 26 | $1.47 | $0.14 | ||
| Q4 25 | $1.46 | $0.08 | ||
| Q3 25 | $2.11 | $0.26 | ||
| Q2 25 | $2.04 | $0.43 | ||
| Q1 25 | $0.80 | $0.12 | ||
| Q4 24 | $0.90 | $0.31 | ||
| Q3 24 | $0.54 | $0.44 | ||
| Q2 24 | $-2.04 | $0.64 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $699.1M |
| Total DebtLower is stronger | — | $7.1M |
| Stockholders' EquityBook value | $5.6B | $1.9B |
| Total Assets | $7.3B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $699.1M | ||
| Q4 25 | $3.1B | $27.6M | ||
| Q3 25 | $2.5B | $13.5M | ||
| Q2 25 | $2.0B | $19.6M | ||
| Q1 25 | $1.9B | $24.1M | ||
| Q4 24 | $1.7B | $20.0M | ||
| Q3 24 | $1.3B | $23.0M | ||
| Q2 24 | $987.3M | $30.0M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | — | $246.6M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $190.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $5.6B | $1.9B | ||
| Q4 25 | $5.2B | $2.1B | ||
| Q3 25 | $4.7B | $2.1B | ||
| Q2 25 | $4.2B | $2.0B | ||
| Q1 25 | $3.7B | $2.0B | ||
| Q4 24 | $3.4B | $2.0B | ||
| Q3 24 | $3.2B | $2.0B | ||
| Q2 24 | $3.0B | $1.9B |
| Q1 26 | $7.3B | $4.4B | ||
| Q4 25 | $7.0B | $3.6B | ||
| Q3 25 | $6.3B | $3.5B | ||
| Q2 25 | $5.8B | $3.4B | ||
| Q1 25 | $5.7B | $3.4B | ||
| Q4 24 | $5.4B | $3.3B | ||
| Q3 24 | $5.0B | $3.3B | ||
| Q2 24 | $4.7B | $3.2B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | 0.12× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.10× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
