vs
Side-by-side financial comparison of Incyte (INCY) and RH (RH). Click either name above to swap in a different company.
Incyte is the larger business by last-quarter revenue ($1.3B vs $883.8M, roughly 1.4× RH). Incyte runs the higher net margin — 23.8% vs 4.1%, a 19.7% gap on every dollar of revenue. On growth, Incyte posted the faster year-over-year revenue change (20.9% vs 8.9%). Over the past eight quarters, Incyte's revenue compounded faster (10.4% CAGR vs 9.4%).
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.
RH is an upscale American home-furnishings company headquartered in Corte Madera, California. The company sells its merchandise through its retail stores, catalog, and online. As of August 2018, the company operated a total of 70 galleries, 18 full-line design galleries, and 3 baby-and-child galleries. The company also has 36 outlet stores in the United States and Canada.
INCY vs RH — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $883.8M |
| Net Profit | $303.3M | $36.3M |
| Gross Margin | — | 44.1% |
| Operating Margin | 23.7% | 12.0% |
| Net Margin | 23.8% | 4.1% |
| Revenue YoY | 20.9% | 8.9% |
| Net Profit YoY | 91.7% | 9.3% |
| EPS (diluted) | $1.47 | $1.83 |
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 | — | ||
| Q4 25 | $1.5B | $883.8M | ||
| Q3 25 | $1.4B | $899.2M | ||
| Q2 25 | $1.2B | $814.0M | ||
| Q1 25 | $1.1B | $812.4M | ||
| Q4 24 | $1.2B | $811.7M | ||
| Q3 24 | $1.1B | $829.7M | ||
| Q2 24 | $1.0B | $727.0M |
| Q1 26 | $303.3M | — | ||
| Q4 25 | $299.3M | $36.3M | ||
| Q3 25 | $424.2M | $51.7M | ||
| Q2 25 | $405.0M | $8.0M | ||
| Q1 25 | $158.2M | $13.9M | ||
| Q4 24 | $201.2M | $33.2M | ||
| Q3 24 | $106.5M | $29.0M | ||
| Q2 24 | $-444.6M | $-3.6M |
| Q1 26 | — | — | ||
| Q4 25 | 92.0% | 44.1% | ||
| Q3 25 | 92.8% | 45.5% | ||
| Q2 25 | 93.5% | 43.7% | ||
| Q1 25 | 93.0% | 44.7% | ||
| Q4 24 | 92.5% | 44.5% | ||
| Q3 24 | 92.4% | 45.2% | ||
| Q2 24 | 92.7% | 43.5% |
| Q1 26 | 23.7% | — | ||
| Q4 25 | 22.3% | 12.0% | ||
| Q3 25 | 32.5% | 14.3% | ||
| Q2 25 | 43.6% | 6.9% | ||
| Q1 25 | 19.5% | 8.7% | ||
| Q4 24 | 25.6% | 12.5% | ||
| Q3 24 | 12.8% | 11.6% | ||
| Q2 24 | -45.8% | 7.5% |
| Q1 26 | 23.8% | — | ||
| Q4 25 | 19.9% | 4.1% | ||
| Q3 25 | 31.1% | 5.8% | ||
| Q2 25 | 33.3% | 1.0% | ||
| Q1 25 | 15.0% | 1.7% | ||
| Q4 24 | 17.1% | 4.1% | ||
| Q3 24 | 9.4% | 3.5% | ||
| Q2 24 | -42.6% | -0.5% |
| Q1 26 | $1.47 | — | ||
| Q4 25 | $1.46 | $1.83 | ||
| Q3 25 | $2.11 | $2.62 | ||
| Q2 25 | $2.04 | $0.40 | ||
| Q1 25 | $0.80 | $0.71 | ||
| Q4 24 | $0.90 | $1.66 | ||
| Q3 24 | $0.54 | $1.45 | ||
| Q2 24 | $-2.04 | $-0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $43.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.6B | $3.3M |
| Total Assets | $7.3B | $4.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $43.1M | ||
| Q3 25 | $2.5B | $34.6M | ||
| Q2 25 | $2.0B | $46.1M | ||
| Q1 25 | $1.9B | $30.4M | ||
| Q4 24 | $1.7B | $87.0M | ||
| Q3 24 | $1.3B | $78.3M | ||
| Q2 24 | $987.3M | $101.8M |
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.2B | $3.3M | ||
| Q3 25 | $4.7B | $-40.9M | ||
| Q2 25 | $4.2B | $-110.8M | ||
| Q1 25 | $3.7B | $-163.6M | ||
| Q4 24 | $3.4B | $-183.0M | ||
| Q3 24 | $3.2B | $-234.7M | ||
| Q2 24 | $3.0B | $-289.9M |
| Q1 26 | $7.3B | — | ||
| Q4 25 | $7.0B | $4.8B | ||
| Q3 25 | $6.3B | $4.7B | ||
| Q2 25 | $5.8B | $4.7B | ||
| Q1 25 | $5.7B | $4.6B | ||
| Q4 24 | $5.4B | $4.5B | ||
| Q3 24 | $5.0B | $4.4B | ||
| Q2 24 | $4.7B | $4.2B |
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 | — | $131.9M |
| Free Cash FlowOCF − Capex | — | $83.0M |
| FCF MarginFCF / Revenue | — | 9.4% |
| Capex IntensityCapex / Revenue | — | 5.5% |
| Cash ConversionOCF / Net Profit | — | 3.64× |
| TTM Free Cash FlowTrailing 4 quarters | — | $128.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $543.3M | $131.9M | ||
| Q3 25 | $559.4M | $137.7M | ||
| Q2 25 | $44.7M | $86.6M | ||
| Q1 25 | $266.1M | $-18.8M | ||
| Q4 24 | $381.2M | $-31.4M | ||
| Q3 24 | $310.9M | $11.2M | ||
| Q2 24 | $-575.6M | $56.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $83.0M | ||
| Q3 25 | — | $80.7M | ||
| Q2 25 | — | $34.1M | ||
| Q1 25 | — | $-69.7M | ||
| Q4 24 | — | $-96.0M | ||
| Q3 24 | — | $-37.9M | ||
| Q2 24 | — | $-10.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | 9.0% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | -8.6% | ||
| Q4 24 | — | -11.8% | ||
| Q3 24 | — | -4.6% | ||
| Q2 24 | — | -1.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 6.3% | ||
| Q2 25 | — | 6.5% | ||
| Q1 25 | — | 6.3% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 5.9% | ||
| Q2 24 | — | 9.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.82× | 3.64× | ||
| Q3 25 | 1.32× | 2.66× | ||
| Q2 25 | 0.11× | 10.78× | ||
| Q1 25 | 1.68× | -1.35× | ||
| Q4 24 | 1.89× | -0.95× | ||
| Q3 24 | 2.92× | 0.39× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INCY
Segment breakdown not available.
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
