vs
Side-by-side financial comparison of Incyte (INCY) and ON Semiconductor (ON). Click either name above to swap in a different company.
ON Semiconductor is the larger business by last-quarter revenue ($1.5B vs $1.3B, roughly 1.2× Incyte). Incyte runs the higher net margin — 23.8% vs 12.0%, a 11.8% 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 -9.9%).
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.
Fairchild Semiconductor International, Inc. was an American semiconductor company based in San Jose, California. It was founded in 1957 as a division of Fairchild Camera and Instrument by the "traitorous eight" who defected from Shockley Semiconductor Laboratory. It became a pioneer in the manufacturing of transistors and of integrated circuits. Schlumberger bought the firm in 1979 and sold it to National Semiconductor in 1987; Fairchild was spun off as an independent company again in 1997. I...
INCY vs ON — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.5B |
| Net Profit | $303.3M | $181.8M |
| Gross Margin | — | 38.5% |
| Operating Margin | 23.7% | 57.9% |
| Net Margin | 23.8% | 12.0% |
| Revenue YoY | 20.9% | 4.7% |
| Net Profit YoY | 91.7% | — |
| EPS (diluted) | $1.47 | $0.45 |
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 | $1.5B | ||
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | $1.4B | $1.5B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.1B | $1.8B | ||
| Q2 24 | $1.0B | $1.7B |
| Q1 26 | $303.3M | $181.8M | ||
| Q4 25 | $299.3M | $255.0M | ||
| Q3 25 | $424.2M | $170.3M | ||
| Q2 25 | $405.0M | $-486.1M | ||
| Q1 25 | $158.2M | — | ||
| Q4 24 | $201.2M | $379.9M | ||
| Q3 24 | $106.5M | $401.7M | ||
| Q2 24 | $-444.6M | $338.2M |
| Q1 26 | — | 38.5% | ||
| Q4 25 | 92.0% | 37.9% | ||
| Q3 25 | 92.8% | 37.6% | ||
| Q2 25 | 93.5% | 20.3% | ||
| Q1 25 | 93.0% | — | ||
| Q4 24 | 92.5% | 45.2% | ||
| Q3 24 | 92.4% | 45.4% | ||
| Q2 24 | 92.7% | 45.2% |
| Q1 26 | 23.7% | 57.9% | ||
| Q4 25 | 22.3% | 17.0% | ||
| Q3 25 | 32.5% | 13.2% | ||
| Q2 25 | 43.6% | -39.7% | ||
| Q1 25 | 19.5% | — | ||
| Q4 24 | 25.6% | 23.7% | ||
| Q3 24 | 12.8% | 25.3% | ||
| Q2 24 | -45.8% | 22.4% |
| Q1 26 | 23.8% | 12.0% | ||
| Q4 25 | 19.9% | 16.4% | ||
| Q3 25 | 31.1% | 11.6% | ||
| Q2 25 | 33.3% | -33.6% | ||
| Q1 25 | 15.0% | — | ||
| Q4 24 | 17.1% | 22.1% | ||
| Q3 24 | 9.4% | 22.8% | ||
| Q2 24 | -42.6% | 19.5% |
| Q1 26 | $1.47 | $0.45 | ||
| Q4 25 | $1.46 | $0.63 | ||
| Q3 25 | $2.11 | $0.41 | ||
| Q2 25 | $2.04 | $-1.15 | ||
| Q1 25 | $0.80 | — | ||
| Q4 24 | $0.90 | $0.88 | ||
| Q3 24 | $0.54 | $0.93 | ||
| Q2 24 | $-2.04 | $0.78 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $2.4B |
| Total DebtLower is stronger | — | $3.0B |
| Stockholders' EquityBook value | $5.6B | $7.3B |
| Total Assets | $7.3B | $12.0B |
| Debt / EquityLower = less leverage | — | 0.41× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.4B | ||
| Q4 25 | $3.1B | $2.9B | ||
| Q3 25 | $2.5B | $2.8B | ||
| Q2 25 | $2.0B | $3.0B | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.7B | $3.0B | ||
| Q3 24 | $1.3B | $2.8B | ||
| Q2 24 | $987.3M | $2.7B |
| Q1 26 | — | $3.0B | ||
| Q4 25 | — | $3.4B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | — | $3.4B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | $3.4B |
| Q1 26 | $5.6B | $7.3B | ||
| Q4 25 | $5.2B | $7.9B | ||
| Q3 25 | $4.7B | $7.9B | ||
| Q2 25 | $4.2B | $8.0B | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $3.4B | $8.8B | ||
| Q3 24 | $3.2B | $8.6B | ||
| Q2 24 | $3.0B | $8.3B |
| Q1 26 | $7.3B | $12.0B | ||
| Q4 25 | $7.0B | $13.0B | ||
| Q3 25 | $6.3B | $13.1B | ||
| Q2 25 | $5.8B | $13.3B | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $5.4B | $14.1B | ||
| Q3 24 | $5.0B | $13.9B | ||
| Q2 24 | $4.7B | $13.7B |
| Q1 26 | — | 0.41× | ||
| Q4 25 | — | 0.43× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.38× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.41× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $239.1M |
| Free Cash FlowOCF − Capex | — | $217.2M |
| FCF MarginFCF / Revenue | — | 14.4% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.32× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $239.1M | ||
| Q4 25 | $543.3M | $418.7M | ||
| Q3 25 | $559.4M | $184.3M | ||
| Q2 25 | $44.7M | $602.3M | ||
| Q1 25 | $266.1M | — | ||
| Q4 24 | $381.2M | $579.7M | ||
| Q3 24 | $310.9M | $465.8M | ||
| Q2 24 | $-575.6M | $362.2M |
| Q1 26 | — | $217.2M | ||
| Q4 25 | — | $372.4M | ||
| Q3 25 | — | $106.1M | ||
| Q2 25 | — | $454.7M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $434.8M | ||
| Q3 24 | — | $293.6M | ||
| Q2 24 | — | $207.7M |
| Q1 26 | — | 14.4% | ||
| Q4 25 | — | 24.0% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 31.5% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 25.2% | ||
| Q3 24 | — | 16.7% | ||
| Q2 24 | — | 12.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | 5.3% | ||
| Q2 25 | — | 10.2% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 8.4% | ||
| Q3 24 | — | 9.8% | ||
| Q2 24 | — | 8.9% |
| Q1 26 | — | 1.32× | ||
| Q4 25 | 1.82× | 1.64× | ||
| Q3 25 | 1.32× | 1.08× | ||
| Q2 25 | 0.11× | — | ||
| Q1 25 | 1.68× | — | ||
| Q4 24 | 1.89× | 1.53× | ||
| Q3 24 | 2.92× | 1.16× | ||
| Q2 24 | — | 1.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
