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

Sprouts Farmers Market, Inc. is the larger business by last-quarter revenue ($2.1B vs $1.3B, roughly 1.7× Incyte). Incyte runs the higher net margin — 23.8% vs 4.2%, a 19.7% gap on every dollar of revenue. On growth, Incyte posted the faster year-over-year revenue change (19.8% vs 7.6%). Over the past eight quarters, Incyte's revenue compounded faster (10.4% CAGR vs 6.8%).

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.

Sprouts Farmers Market, Inc., is a supermarket chain headquartered in Phoenix, Arizona, offering natural and organic foods, including fresh produce, bulk foods, packaged groceries, meat, poultry, seafood, deli, baked goods, dairy products, and frozen foods. They also sell vitamins and supplements, natural body care, and household items. Sprouts employs 35,000 workers and operates more than 400 stores in 24 states.

INCY vs SFM — Head-to-Head

Bigger by revenue
SFM
SFM
1.7× larger
SFM
$2.1B
$1.3B
INCY
Growing faster (revenue YoY)
INCY
INCY
+12.1% gap
INCY
19.8%
7.6%
SFM
Higher net margin
INCY
INCY
19.7% more per $
INCY
23.8%
4.2%
SFM
Faster 2-yr revenue CAGR
INCY
INCY
Annualised
INCY
10.4%
6.8%
SFM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
INCY
INCY
SFM
SFM
Revenue
$1.3B
$2.1B
Net Profit
$303.3M
$89.8M
Gross Margin
38.0%
Operating Margin
23.7%
5.7%
Net Margin
23.8%
4.2%
Revenue YoY
19.8%
7.6%
Net Profit YoY
91.7%
12.8%
EPS (diluted)
$1.47
$0.93

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
SFM
SFM
Q1 26
$1.3B
Q4 25
$1.5B
$2.1B
Q3 25
$1.4B
$2.2B
Q2 25
$1.2B
$2.2B
Q1 25
$1.1B
$2.2B
Q4 24
$1.2B
$2.0B
Q3 24
$1.1B
$1.9B
Q2 24
$1.0B
$1.9B
Net Profit
INCY
INCY
SFM
SFM
Q1 26
$303.3M
Q4 25
$299.3M
$89.8M
Q3 25
$424.2M
$120.1M
Q2 25
$405.0M
$133.7M
Q1 25
$158.2M
$180.0M
Q4 24
$201.2M
$79.6M
Q3 24
$106.5M
$91.6M
Q2 24
$-444.6M
$95.3M
Gross Margin
INCY
INCY
SFM
SFM
Q1 26
Q4 25
92.0%
38.0%
Q3 25
92.8%
38.7%
Q2 25
93.5%
38.8%
Q1 25
93.0%
39.6%
Q4 24
92.5%
38.1%
Q3 24
92.4%
38.1%
Q2 24
92.7%
37.9%
Operating Margin
INCY
INCY
SFM
SFM
Q1 26
23.7%
Q4 25
22.3%
5.7%
Q3 25
32.5%
7.2%
Q2 25
43.6%
8.1%
Q1 25
19.5%
10.1%
Q4 24
25.6%
5.3%
Q3 24
12.8%
6.3%
Q2 24
-45.8%
6.7%
Net Margin
INCY
INCY
SFM
SFM
Q1 26
23.8%
Q4 25
19.9%
4.2%
Q3 25
31.1%
5.5%
Q2 25
33.3%
6.0%
Q1 25
15.0%
8.0%
Q4 24
17.1%
4.0%
Q3 24
9.4%
4.7%
Q2 24
-42.6%
5.0%
EPS (diluted)
INCY
INCY
SFM
SFM
Q1 26
$1.47
Q4 25
$1.46
$0.93
Q3 25
$2.11
$1.22
Q2 25
$2.04
$1.35
Q1 25
$0.80
$1.81
Q4 24
$0.90
$0.78
Q3 24
$0.54
$0.91
Q2 24
$-2.04
$0.94

Balance Sheet & Financial Strength

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

Metric
INCY
INCY
SFM
SFM
Cash + ST InvestmentsLiquidity on hand
$257.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.6B
$1.4B
Total Assets
$7.3B
$4.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INCY
INCY
SFM
SFM
Q1 26
Q4 25
$3.1B
$257.3M
Q3 25
$2.5B
$322.4M
Q2 25
$2.0B
$261.4M
Q1 25
$1.9B
$285.7M
Q4 24
$1.7B
$265.2M
Q3 24
$1.3B
$309.7M
Q2 24
$987.3M
$177.3M
Stockholders' Equity
INCY
INCY
SFM
SFM
Q1 26
$5.6B
Q4 25
$5.2B
$1.4B
Q3 25
$4.7B
$1.4B
Q2 25
$4.2B
$1.4B
Q1 25
$3.7B
$1.3B
Q4 24
$3.4B
$1.3B
Q3 24
$3.2B
$1.3B
Q2 24
$3.0B
$1.3B
Total Assets
INCY
INCY
SFM
SFM
Q1 26
$7.3B
Q4 25
$7.0B
$4.2B
Q3 25
$6.3B
$4.0B
Q2 25
$5.8B
$3.8B
Q1 25
$5.7B
$3.7B
Q4 24
$5.4B
$3.6B
Q3 24
$5.0B
$3.6B
Q2 24
$4.7B
$3.4B

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
SFM
SFM
Operating Cash FlowLast quarter
$138.5M
Free Cash FlowOCF − Capex
$66.3M
FCF MarginFCF / Revenue
3.1%
Capex IntensityCapex / Revenue
3.4%
Cash ConversionOCF / Net Profit
1.54×
TTM Free Cash FlowTrailing 4 quarters
$467.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INCY
INCY
SFM
SFM
Q1 26
Q4 25
$543.3M
$138.5M
Q3 25
$559.4M
$167.1M
Q2 25
$44.7M
$111.2M
Q1 25
$266.1M
$299.1M
Q4 24
$381.2M
$124.9M
Q3 24
$310.9M
$209.1M
Q2 24
$-575.6M
$91.6M
Free Cash Flow
INCY
INCY
SFM
SFM
Q1 26
Q4 25
$66.3M
Q3 25
$111.4M
Q2 25
$50.4M
Q1 25
$239.6M
Q4 24
$56.2M
Q3 24
$156.3M
Q2 24
$33.9M
FCF Margin
INCY
INCY
SFM
SFM
Q1 26
Q4 25
3.1%
Q3 25
5.1%
Q2 25
2.3%
Q1 25
10.7%
Q4 24
2.8%
Q3 24
8.0%
Q2 24
1.8%
Capex Intensity
INCY
INCY
SFM
SFM
Q1 26
Q4 25
3.4%
Q3 25
2.5%
Q2 25
2.7%
Q1 25
2.7%
Q4 24
3.4%
Q3 24
2.7%
Q2 24
3.0%
Cash Conversion
INCY
INCY
SFM
SFM
Q1 26
Q4 25
1.82×
1.54×
Q3 25
1.32×
1.39×
Q2 25
0.11×
0.83×
Q1 25
1.68×
1.66×
Q4 24
1.89×
1.57×
Q3 24
2.92×
2.28×
Q2 24
0.96×

Financial Flow Comparison

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

Revenue Breakdown by Segment

INCY
INCY

Segment breakdown not available.

SFM
SFM

Perishables$1.2B56%
Non Perishables$935.4M44%

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