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Side-by-side financial comparison of Incyte (INCY) and Lineage, Inc. (LINE). Click either name above to swap in a different company.

Lineage, Inc. is the larger business by last-quarter revenue ($1.3B vs $1.3B, roughly 1.0× Incyte). Incyte runs the higher net margin — 23.8% vs 0.4%, a 23.4% gap on every dollar of revenue. On growth, Incyte posted the faster year-over-year revenue change (20.9% vs -0.2%). Over the past eight quarters, Incyte's revenue compounded faster (10.4% CAGR vs 0.3%).

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.

Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.

INCY vs LINE — Head-to-Head

Bigger by revenue
LINE
LINE
1.0× larger
LINE
$1.3B
$1.3B
INCY
Growing faster (revenue YoY)
INCY
INCY
+21.1% gap
INCY
20.9%
-0.2%
LINE
Higher net margin
INCY
INCY
23.4% more per $
INCY
23.8%
0.4%
LINE
Faster 2-yr revenue CAGR
INCY
INCY
Annualised
INCY
10.4%
0.3%
LINE

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
INCY
INCY
LINE
LINE
Revenue
$1.3B
$1.3B
Net Profit
$303.3M
$6.0M
Gross Margin
Operating Margin
23.7%
5.0%
Net Margin
23.8%
0.4%
Revenue YoY
20.9%
-0.2%
Net Profit YoY
91.7%
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
LINE
LINE
Q1 26
$1.3B
$1.3B
Q4 25
$1.5B
Q3 25
$1.4B
$1.4B
Q2 25
$1.2B
$1.4B
Q1 25
$1.1B
$1.3B
Q4 24
$1.2B
$1.3B
Q3 24
$1.1B
$1.3B
Q2 24
$1.0B
$1.3B
Net Profit
INCY
INCY
LINE
LINE
Q1 26
$303.3M
$6.0M
Q4 25
$299.3M
Q3 25
$424.2M
$-100.0M
Q2 25
$405.0M
$-6.0M
Q1 25
$158.2M
$0
Q4 24
$201.2M
$-71.0M
Q3 24
$106.5M
$-485.0M
Q2 24
$-444.6M
$-68.0M
Gross Margin
INCY
INCY
LINE
LINE
Q1 26
Q4 25
92.0%
Q3 25
92.8%
32.3%
Q2 25
93.5%
31.9%
Q1 25
93.0%
32.2%
Q4 24
92.5%
32.3%
Q3 24
92.4%
32.8%
Q2 24
92.7%
33.4%
Operating Margin
INCY
INCY
LINE
LINE
Q1 26
23.7%
5.0%
Q4 25
22.3%
Q3 25
32.5%
2.5%
Q2 25
43.6%
1.7%
Q1 25
19.5%
4.3%
Q4 24
25.6%
-1.6%
Q3 24
12.8%
-38.6%
Q2 24
-45.8%
5.5%
Net Margin
INCY
INCY
LINE
LINE
Q1 26
23.8%
0.4%
Q4 25
19.9%
Q3 25
31.1%
-7.3%
Q2 25
33.3%
-0.4%
Q1 25
15.0%
Q4 24
17.1%
-5.3%
Q3 24
9.4%
-36.3%
Q2 24
-42.6%
-5.1%
EPS (diluted)
INCY
INCY
LINE
LINE
Q1 26
$1.47
$0.03
Q4 25
$1.46
Q3 25
$2.11
$-0.44
Q2 25
$2.04
$-0.03
Q1 25
$0.80
$0.01
Q4 24
$0.90
$-0.52
Q3 24
$0.54
$-2.44
Q2 24
$-2.04
$-0.46

Balance Sheet & Financial Strength

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

Metric
INCY
INCY
LINE
LINE
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$5.6B
$8.2B
Total Assets
$7.3B
$19.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INCY
INCY
LINE
LINE
Q1 26
Q4 25
$3.1B
Q3 25
$2.5B
Q2 25
$2.0B
Q1 25
$1.9B
Q4 24
$1.7B
$173.0M
Q3 24
$1.3B
$409.0M
Q2 24
$987.3M
$73.0M
Stockholders' Equity
INCY
INCY
LINE
LINE
Q1 26
$5.6B
$8.2B
Q4 25
$5.2B
Q3 25
$4.7B
$8.4B
Q2 25
$4.2B
$8.6B
Q1 25
$3.7B
$8.6B
Q4 24
$3.4B
$8.6B
Q3 24
$3.2B
$9.0B
Q2 24
$3.0B
$4.9B
Total Assets
INCY
INCY
LINE
LINE
Q1 26
$7.3B
$19.2B
Q4 25
$7.0B
Q3 25
$6.3B
$19.2B
Q2 25
$5.8B
$19.4B
Q1 25
$5.7B
$18.8B
Q4 24
$5.4B
$18.7B
Q3 24
$5.0B
$19.3B
Q2 24
$4.7B
$18.8B

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
LINE
LINE
Operating Cash FlowLast quarter
$943.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
157.17×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INCY
INCY
LINE
LINE
Q1 26
$943.0M
Q4 25
$543.3M
Q3 25
$559.4M
$230.0M
Q2 25
$44.7M
$258.0M
Q1 25
$266.1M
$139.0M
Q4 24
$381.2M
Q3 24
$310.9M
$186.0M
Q2 24
$-575.6M
$155.0M
Free Cash Flow
INCY
INCY
LINE
LINE
Q1 26
Q4 25
Q3 25
$35.0M
Q2 25
$95.0M
Q1 25
$-12.0M
Q4 24
Q3 24
$33.0M
Q2 24
$-31.0M
FCF Margin
INCY
INCY
LINE
LINE
Q1 26
Q4 25
Q3 25
2.5%
Q2 25
7.0%
Q1 25
-0.9%
Q4 24
Q3 24
2.5%
Q2 24
-2.3%
Capex Intensity
INCY
INCY
LINE
LINE
Q1 26
4.2%
Q4 25
Q3 25
14.2%
Q2 25
12.1%
Q1 25
11.7%
Q4 24
Q3 24
11.5%
Q2 24
13.9%
Cash Conversion
INCY
INCY
LINE
LINE
Q1 26
157.17×
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

Financial Flow Comparison

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

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