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Side-by-side financial comparison of Incyte (INCY) and Permian Resources Corp (PR). Click either name above to swap in a different company.

Incyte is the larger business by last-quarter revenue ($1.3B vs $1.2B, roughly 1.1× Permian Resources Corp). Permian Resources Corp runs the higher net margin — 29.0% vs 23.8%, a 5.2% gap on every dollar of revenue. On growth, Incyte posted the faster year-over-year revenue change (20.9% vs -9.8%). Over the past eight quarters, Incyte's revenue compounded faster (10.4% CAGR vs -3.0%).

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.

Pioneer Natural Resources Company, headquartered in Irving, Texas, was a company engaged in hydrocarbon exploration. It operated in the Cline Shale, which is part of the Spraberry Trend of the Permian Basin, where the company was the largest acreage holder. In May 2024, the company was acquired by ExxonMobil.

INCY vs PR — Head-to-Head

Bigger by revenue
INCY
INCY
1.1× larger
INCY
$1.3B
$1.2B
PR
Growing faster (revenue YoY)
INCY
INCY
+30.7% gap
INCY
20.9%
-9.8%
PR
Higher net margin
PR
PR
5.2% more per $
PR
29.0%
23.8%
INCY
Faster 2-yr revenue CAGR
INCY
INCY
Annualised
INCY
10.4%
-3.0%
PR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
INCY
INCY
PR
PR
Revenue
$1.3B
$1.2B
Net Profit
$303.3M
$339.5M
Gross Margin
Operating Margin
23.7%
23.1%
Net Margin
23.8%
29.0%
Revenue YoY
20.9%
-9.8%
Net Profit YoY
91.7%
56.7%
EPS (diluted)
$1.47
$0.48

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
PR
PR
Q1 26
$1.3B
Q4 25
$1.5B
$1.2B
Q3 25
$1.4B
$1.3B
Q2 25
$1.2B
$1.2B
Q1 25
$1.1B
$1.4B
Q4 24
$1.2B
$1.3B
Q3 24
$1.1B
$1.2B
Q2 24
$1.0B
$1.2B
Net Profit
INCY
INCY
PR
PR
Q1 26
$303.3M
Q4 25
$299.3M
$339.5M
Q3 25
$424.2M
$59.2M
Q2 25
$405.0M
$207.1M
Q1 25
$158.2M
$329.3M
Q4 24
$201.2M
$216.7M
Q3 24
$106.5M
$386.4M
Q2 24
$-444.6M
$235.1M
Gross Margin
INCY
INCY
PR
PR
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
PR
PR
Q1 26
23.7%
Q4 25
22.3%
23.1%
Q3 25
32.5%
29.6%
Q2 25
43.6%
24.8%
Q1 25
19.5%
36.6%
Q4 24
25.6%
32.8%
Q3 24
12.8%
32.5%
Q2 24
-45.8%
36.5%
Net Margin
INCY
INCY
PR
PR
Q1 26
23.8%
Q4 25
19.9%
29.0%
Q3 25
31.1%
4.5%
Q2 25
33.3%
17.3%
Q1 25
15.0%
23.9%
Q4 24
17.1%
16.7%
Q3 24
9.4%
31.8%
Q2 24
-42.6%
18.9%
EPS (diluted)
INCY
INCY
PR
PR
Q1 26
$1.47
Q4 25
$1.46
$0.48
Q3 25
$2.11
$0.08
Q2 25
$2.04
$0.28
Q1 25
$0.80
$0.44
Q4 24
$0.90
$0.31
Q3 24
$0.54
$0.53
Q2 24
$-2.04
$0.36

Balance Sheet & Financial Strength

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

Metric
INCY
INCY
PR
PR
Cash + ST InvestmentsLiquidity on hand
$153.7M
Total DebtLower is stronger
$3.5B
Stockholders' EquityBook value
$5.6B
$10.3B
Total Assets
$7.3B
$17.9B
Debt / EquityLower = less leverage
0.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INCY
INCY
PR
PR
Q1 26
Q4 25
$3.1B
$153.7M
Q3 25
$2.5B
$111.8M
Q2 25
$2.0B
$451.0M
Q1 25
$1.9B
$702.2M
Q4 24
$1.7B
$479.3M
Q3 24
$1.3B
$272.0M
Q2 24
$987.3M
$47.8M
Total Debt
INCY
INCY
PR
PR
Q1 26
Q4 25
$3.5B
Q3 25
$3.5B
Q2 25
$4.0B
Q1 25
$4.0B
Q4 24
$4.2B
Q3 24
$4.2B
Q2 24
$3.9B
Stockholders' Equity
INCY
INCY
PR
PR
Q1 26
$5.6B
Q4 25
$5.2B
$10.3B
Q3 25
$4.7B
$10.0B
Q2 25
$4.2B
$9.5B
Q1 25
$3.7B
$9.4B
Q4 24
$3.4B
$9.1B
Q3 24
$3.2B
$9.0B
Q2 24
$3.0B
$8.3B
Total Assets
INCY
INCY
PR
PR
Q1 26
$7.3B
Q4 25
$7.0B
$17.9B
Q3 25
$6.3B
$17.3B
Q2 25
$5.8B
$17.5B
Q1 25
$5.7B
$17.1B
Q4 24
$5.4B
$16.9B
Q3 24
$5.0B
$16.6B
Q2 24
$4.7B
$15.4B
Debt / Equity
INCY
INCY
PR
PR
Q1 26
Q4 25
0.34×
Q3 25
0.35×
Q2 25
0.42×
Q1 25
0.43×
Q4 24
0.46×
Q3 24
0.47×
Q2 24
0.46×

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
PR
PR
Operating Cash FlowLast quarter
$904.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.66×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INCY
INCY
PR
PR
Q1 26
Q4 25
$543.3M
$904.3M
Q3 25
$559.4M
$766.5M
Q2 25
$44.7M
$1.0B
Q1 25
$266.1M
$898.0M
Q4 24
$381.2M
$871.6M
Q3 24
$310.9M
$954.4M
Q2 24
$-575.6M
$938.4M
Cash Conversion
INCY
INCY
PR
PR
Q1 26
Q4 25
1.82×
2.66×
Q3 25
1.32×
12.94×
Q2 25
0.11×
5.01×
Q1 25
1.68×
2.73×
Q4 24
1.89×
4.02×
Q3 24
2.92×
2.47×
Q2 24
3.99×

Financial Flow Comparison

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

Revenue Breakdown by Segment

INCY
INCY

Segment breakdown not available.

PR
PR

Crude Oil$1.0B87%
Natural Gas Liquids Reserves$145.1M12%

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