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Side-by-side financial comparison of Incyte (INCY) and TUTOR PERINI CORP (TPC). Click either name above to swap in a different company.

TUTOR PERINI CORP 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 1.9%, a 21.9% gap on every dollar of revenue. On growth, TUTOR PERINI CORP posted the faster year-over-year revenue change (41.2% vs 20.9%). Over the past eight quarters, TUTOR PERINI CORP's revenue compounded faster (19.9% 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.

Tutor Perini Corporation is one of the largest general contractors in the United States. It was formed by the merger of Perini Corporation and Tutor-Saliba Corporation in 2008. As of 2024, it reported annual revenue of approximately $4.33 billion. Tutor Perini is headquartered in Sylmar, California, and works on construction projects throughout North America. Specific areas of focus are civil infrastructure such as bridges, highways, tunnels, airports, and mass transit systems, building infra...

INCY vs TPC — Head-to-Head

Bigger by revenue
TPC
TPC
1.2× larger
TPC
$1.5B
$1.3B
INCY
Growing faster (revenue YoY)
TPC
TPC
+20.3% gap
TPC
41.2%
20.9%
INCY
Higher net margin
INCY
INCY
21.9% more per $
INCY
23.8%
1.9%
TPC
Faster 2-yr revenue CAGR
TPC
TPC
Annualised
TPC
19.9%
10.4%
INCY

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
INCY
INCY
TPC
TPC
Revenue
$1.3B
$1.5B
Net Profit
$303.3M
$28.8M
Gross Margin
9.8%
Operating Margin
23.7%
3.3%
Net Margin
23.8%
1.9%
Revenue YoY
20.9%
41.2%
Net Profit YoY
91.7%
136.3%
EPS (diluted)
$1.47
$0.53

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
TPC
TPC
Q1 26
$1.3B
Q4 25
$1.5B
$1.5B
Q3 25
$1.4B
$1.4B
Q2 25
$1.2B
$1.4B
Q1 25
$1.1B
$1.2B
Q4 24
$1.2B
$1.1B
Q3 24
$1.1B
$1.1B
Q2 24
$1.0B
$1.1B
Net Profit
INCY
INCY
TPC
TPC
Q1 26
$303.3M
Q4 25
$299.3M
$28.8M
Q3 25
$424.2M
$3.6M
Q2 25
$405.0M
$20.0M
Q1 25
$158.2M
$28.0M
Q4 24
$201.2M
$-79.4M
Q3 24
$106.5M
$-100.9M
Q2 24
$-444.6M
$812.0K
Gross Margin
INCY
INCY
TPC
TPC
Q1 26
Q4 25
92.0%
9.8%
Q3 25
92.8%
12.0%
Q2 25
93.5%
14.3%
Q1 25
93.0%
10.8%
Q4 24
92.5%
-0.9%
Q3 24
92.4%
-2.4%
Q2 24
92.7%
10.4%
Operating Margin
INCY
INCY
TPC
TPC
Q1 26
23.7%
Q4 25
22.3%
3.3%
Q3 25
32.5%
2.8%
Q2 25
43.6%
5.6%
Q1 25
19.5%
5.2%
Q4 24
25.6%
-8.1%
Q3 24
12.8%
-9.9%
Q2 24
-45.8%
3.6%
Net Margin
INCY
INCY
TPC
TPC
Q1 26
23.8%
Q4 25
19.9%
1.9%
Q3 25
31.1%
0.3%
Q2 25
33.3%
1.5%
Q1 25
15.0%
2.2%
Q4 24
17.1%
-7.4%
Q3 24
9.4%
-9.3%
Q2 24
-42.6%
0.1%
EPS (diluted)
INCY
INCY
TPC
TPC
Q1 26
$1.47
Q4 25
$1.46
$0.53
Q3 25
$2.11
$0.07
Q2 25
$2.04
$0.38
Q1 25
$0.80
$0.53
Q4 24
$0.90
$-1.53
Q3 24
$0.54
$-1.92
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
INCY
INCY
TPC
TPC
Cash + ST InvestmentsLiquidity on hand
$734.6M
Total DebtLower is stronger
$407.4M
Stockholders' EquityBook value
$5.6B
$1.2B
Total Assets
$7.3B
$5.2B
Debt / EquityLower = less leverage
0.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INCY
INCY
TPC
TPC
Q1 26
Q4 25
$3.1B
$734.6M
Q3 25
$2.5B
$695.7M
Q2 25
$2.0B
$526.1M
Q1 25
$1.9B
$276.5M
Q4 24
$1.7B
$455.1M
Q3 24
$1.3B
$287.4M
Q2 24
$987.3M
$267.1M
Total Debt
INCY
INCY
TPC
TPC
Q1 26
Q4 25
$407.4M
Q3 25
$413.1M
Q2 25
$419.4M
Q1 25
$405.6M
Q4 24
$534.1M
Q3 24
$681.4M
Q2 24
$676.4M
Stockholders' Equity
INCY
INCY
TPC
TPC
Q1 26
$5.6B
Q4 25
$5.2B
$1.2B
Q3 25
$4.7B
$1.2B
Q2 25
$4.2B
$1.2B
Q1 25
$3.7B
$1.2B
Q4 24
$3.4B
$1.1B
Q3 24
$3.2B
$1.2B
Q2 24
$3.0B
$1.3B
Total Assets
INCY
INCY
TPC
TPC
Q1 26
$7.3B
Q4 25
$7.0B
$5.2B
Q3 25
$6.3B
$5.2B
Q2 25
$5.8B
$4.9B
Q1 25
$5.7B
$4.5B
Q4 24
$5.4B
$4.2B
Q3 24
$5.0B
$4.4B
Q2 24
$4.7B
$4.3B
Debt / Equity
INCY
INCY
TPC
TPC
Q1 26
Q4 25
0.33×
Q3 25
0.35×
Q2 25
0.35×
Q1 25
0.35×
Q4 24
0.47×
Q3 24
0.56×
Q2 24
0.52×

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
TPC
TPC
Operating Cash FlowLast quarter
$173.7M
Free Cash FlowOCF − Capex
$98.7M
FCF MarginFCF / Revenue
6.5%
Capex IntensityCapex / Revenue
5.0%
Cash ConversionOCF / Net Profit
6.02×
TTM Free Cash FlowTrailing 4 quarters
$567.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INCY
INCY
TPC
TPC
Q1 26
Q4 25
$543.3M
$173.7M
Q3 25
$559.4M
$289.1M
Q2 25
$44.7M
$262.4M
Q1 25
$266.1M
$22.9M
Q4 24
$381.2M
$329.6M
Q3 24
$310.9M
$22.6M
Q2 24
$-575.6M
$53.1M
Free Cash Flow
INCY
INCY
TPC
TPC
Q1 26
Q4 25
$98.7M
Q3 25
$240.2M
Q2 25
$235.6M
Q1 25
$-7.2M
Q4 24
$320.4M
Q3 24
$15.6M
Q2 24
$42.2M
FCF Margin
INCY
INCY
TPC
TPC
Q1 26
Q4 25
6.5%
Q3 25
17.0%
Q2 25
17.1%
Q1 25
-0.6%
Q4 24
30.0%
Q3 24
1.4%
Q2 24
3.7%
Capex Intensity
INCY
INCY
TPC
TPC
Q1 26
Q4 25
5.0%
Q3 25
3.5%
Q2 25
2.0%
Q1 25
2.4%
Q4 24
0.9%
Q3 24
0.6%
Q2 24
1.0%
Cash Conversion
INCY
INCY
TPC
TPC
Q1 26
Q4 25
1.82×
6.02×
Q3 25
1.32×
79.63×
Q2 25
0.11×
13.14×
Q1 25
1.68×
0.82×
Q4 24
1.89×
Q3 24
2.92×
Q2 24
65.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

INCY
INCY

Segment breakdown not available.

TPC
TPC

State And Local Agencies$591.1M39%
Mass Transit$449.9M30%
Federal Agencies$115.0M8%
Bridges$100.5M7%
Military Facilities$93.1M6%
Commercial And Industrial Facilities$46.7M3%
Detention Facilities$43.8M3%
Power And Energy$35.8M2%
Multi Unit Residential$25.9M2%
Education Facilities$12.0M1%
Water$3.6M0%

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