vs
Side-by-side financial comparison of Incyte (INCY) and Toast, Inc. (TOST). Click either name above to swap in a different company.
Toast, Inc. is the larger business by last-quarter revenue ($1.6B vs $1.3B, roughly 1.3× Incyte). Incyte runs the higher net margin — 23.8% vs 6.2%, a 17.6% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs 20.9%). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% CAGR vs 10.4%).
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.
Toast, Inc. is an American cloud-based restaurant management software company based in Boston, Massachusetts. The company provides an all-in-one point of sale (POS) system built on the Android operating system.
INCY vs TOST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.6B |
| Net Profit | $303.3M | $101.0M |
| Gross Margin | — | 25.9% |
| Operating Margin | 23.7% | 5.2% |
| Net Margin | 23.8% | 6.2% |
| Revenue YoY | 20.9% | 22.0% |
| Net Profit YoY | 91.7% | 215.6% |
| EPS (diluted) | $1.47 | $0.18 |
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 | $1.6B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $1.2B | $1.6B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.0B | $1.2B |
| Q1 26 | $303.3M | — | ||
| Q4 25 | $299.3M | $101.0M | ||
| Q3 25 | $424.2M | $105.0M | ||
| Q2 25 | $405.0M | $80.0M | ||
| Q1 25 | $158.2M | $56.0M | ||
| Q4 24 | $201.2M | $32.0M | ||
| Q3 24 | $106.5M | $56.0M | ||
| Q2 24 | $-444.6M | $14.0M |
| Q1 26 | — | — | ||
| Q4 25 | 92.0% | 25.9% | ||
| Q3 25 | 92.8% | 26.5% | ||
| Q2 25 | 93.5% | 25.3% | ||
| Q1 25 | 93.0% | 25.9% | ||
| Q4 24 | 92.5% | 24.9% | ||
| Q3 24 | 92.4% | 24.7% | ||
| Q2 24 | 92.7% | 23.0% |
| Q1 26 | 23.7% | — | ||
| Q4 25 | 22.3% | 5.2% | ||
| Q3 25 | 32.5% | 5.1% | ||
| Q2 25 | 43.6% | 5.2% | ||
| Q1 25 | 19.5% | 3.2% | ||
| Q4 24 | 25.6% | 2.5% | ||
| Q3 24 | 12.8% | 2.6% | ||
| Q2 24 | -45.8% | 0.4% |
| Q1 26 | 23.8% | — | ||
| Q4 25 | 19.9% | 6.2% | ||
| Q3 25 | 31.1% | 6.4% | ||
| Q2 25 | 33.3% | 5.2% | ||
| Q1 25 | 15.0% | 4.2% | ||
| Q4 24 | 17.1% | 2.4% | ||
| Q3 24 | 9.4% | 4.3% | ||
| Q2 24 | -42.6% | 1.1% |
| Q1 26 | $1.47 | — | ||
| Q4 25 | $1.46 | $0.18 | ||
| Q3 25 | $2.11 | $0.16 | ||
| Q2 25 | $2.04 | $0.13 | ||
| Q1 25 | $0.80 | $0.09 | ||
| Q4 24 | $0.90 | $0.09 | ||
| Q3 24 | $0.54 | $0.07 | ||
| Q2 24 | $-2.04 | $0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.6B | $2.1B |
| Total Assets | $7.3B | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $1.4B | ||
| Q3 25 | $2.5B | $1.4B | ||
| Q2 25 | $2.0B | $1.2B | ||
| Q1 25 | $1.9B | $1.0B | ||
| Q4 24 | $1.7B | $903.0M | ||
| Q3 24 | $1.3B | $761.0M | ||
| Q2 24 | $987.3M | $691.0M |
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.2B | $2.1B | ||
| Q3 25 | $4.7B | $2.0B | ||
| Q2 25 | $4.2B | $1.8B | ||
| Q1 25 | $3.7B | $1.7B | ||
| Q4 24 | $3.4B | $1.5B | ||
| Q3 24 | $3.2B | $1.4B | ||
| Q2 24 | $3.0B | $1.3B |
| Q1 26 | $7.3B | — | ||
| Q4 25 | $7.0B | $3.1B | ||
| Q3 25 | $6.3B | $3.0B | ||
| Q2 25 | $5.8B | $2.8B | ||
| Q1 25 | $5.7B | $2.6B | ||
| Q4 24 | $5.4B | $2.4B | ||
| Q3 24 | $5.0B | $2.2B | ||
| Q2 24 | $4.7B | $2.2B |
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 | — | $194.0M |
| Free Cash FlowOCF − Capex | — | $178.0M |
| FCF MarginFCF / Revenue | — | 10.9% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | — | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | — | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $543.3M | $194.0M | ||
| Q3 25 | $559.4M | $165.0M | ||
| Q2 25 | $44.7M | $223.0M | ||
| Q1 25 | $266.1M | $79.0M | ||
| Q4 24 | $381.2M | $147.0M | ||
| Q3 24 | $310.9M | $109.0M | ||
| Q2 24 | $-575.6M | $124.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $178.0M | ||
| Q3 25 | — | $153.0M | ||
| Q2 25 | — | $208.0M | ||
| Q1 25 | — | $69.0M | ||
| Q4 24 | — | $134.0M | ||
| Q3 24 | — | $97.0M | ||
| Q2 24 | — | $108.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 10.9% | ||
| Q3 25 | — | 9.4% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | — | 10.0% | ||
| Q3 24 | — | 7.4% | ||
| Q2 24 | — | 8.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.82× | 1.92× | ||
| Q3 25 | 1.32× | 1.57× | ||
| Q2 25 | 0.11× | 2.79× | ||
| Q1 25 | 1.68× | 1.41× | ||
| Q4 24 | 1.89× | 4.59× | ||
| Q3 24 | 2.92× | 1.95× | ||
| Q2 24 | — | 8.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INCY
Segment breakdown not available.
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
