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Side-by-side financial comparison of Incyte (INCY) and Tapestry, Inc. (TPR). Click either name above to swap in a different company.
Tapestry, Inc. is the larger business by last-quarter revenue ($2.5B vs $1.3B, roughly 2.0× Incyte). Incyte runs the higher net margin — 23.8% vs 22.4%, a 1.4% gap on every dollar of revenue. On growth, Incyte posted the faster year-over-year revenue change (19.8% vs 14.0%). Over the past eight quarters, Tapestry, Inc.'s revenue compounded faster (29.9% 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.
Tapestry, Inc. is a leading American multinational luxury fashion holding company. It owns three iconic lifestyle brands: Coach, Kate Spade New York, and Stuart Weitzman, offering premium handbags, apparel, footwear, accessories, and fragrances to global consumers via physical retail stores and e-commerce platforms.
INCY vs TPR — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $2.5B |
| Net Profit | $303.3M | $561.3M |
| Gross Margin | — | 75.5% |
| Operating Margin | 23.7% | 28.6% |
| Net Margin | 23.8% | 22.4% |
| Revenue YoY | 19.8% | 14.0% |
| Net Profit YoY | 91.7% | 80.8% |
| EPS (diluted) | $1.47 | $2.68 |
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 | $2.5B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | $1.2B | $1.7B | ||
| Q1 25 | $1.1B | $1.6B | ||
| Q4 24 | $1.2B | $2.2B | ||
| Q3 24 | $1.1B | $1.5B | ||
| Q2 24 | $1.0B | $1.6B |
| Q1 26 | $303.3M | — | ||
| Q4 25 | $299.3M | $561.3M | ||
| Q3 25 | $424.2M | $274.8M | ||
| Q2 25 | $405.0M | $-517.1M | ||
| Q1 25 | $158.2M | $203.3M | ||
| Q4 24 | $201.2M | $310.4M | ||
| Q3 24 | $106.5M | $186.6M | ||
| Q2 24 | $-444.6M | $159.3M |
| Q1 26 | — | — | ||
| Q4 25 | 92.0% | 75.5% | ||
| Q3 25 | 92.8% | 76.3% | ||
| Q2 25 | 93.5% | 76.3% | ||
| Q1 25 | 93.0% | 76.1% | ||
| Q4 24 | 92.5% | 74.4% | ||
| Q3 24 | 92.4% | 75.3% | ||
| Q2 24 | 92.7% | 74.9% |
| Q1 26 | 23.7% | — | ||
| Q4 25 | 22.3% | 28.6% | ||
| Q3 25 | 32.5% | 19.3% | ||
| Q2 25 | 43.6% | -33.9% | ||
| Q1 25 | 19.5% | 16.0% | ||
| Q4 24 | 25.6% | 22.4% | ||
| Q3 24 | 12.8% | 16.7% | ||
| Q2 24 | -45.8% | 14.8% |
| Q1 26 | 23.8% | — | ||
| Q4 25 | 19.9% | 22.4% | ||
| Q3 25 | 31.1% | 16.1% | ||
| Q2 25 | 33.3% | -30.0% | ||
| Q1 25 | 15.0% | 12.8% | ||
| Q4 24 | 17.1% | 14.1% | ||
| Q3 24 | 9.4% | 12.4% | ||
| Q2 24 | -42.6% | 10.0% |
| Q1 26 | $1.47 | — | ||
| Q4 25 | $1.46 | $2.68 | ||
| Q3 25 | $2.11 | $1.28 | ||
| Q2 25 | $2.04 | $-2.30 | ||
| Q1 25 | $0.80 | $0.95 | ||
| Q4 24 | $0.90 | $1.38 | ||
| Q3 24 | $0.54 | $0.79 | ||
| Q2 24 | $-2.04 | $0.67 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.1B |
| Total DebtLower is stronger | — | $2.4B |
| Stockholders' EquityBook value | $5.6B | $551.2M |
| Total Assets | $7.3B | $6.5B |
| Debt / EquityLower = less leverage | — | 4.32× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $1.1B | ||
| Q3 25 | $2.5B | $743.2M | ||
| Q2 25 | $2.0B | $1.1B | ||
| Q1 25 | $1.9B | $1.1B | ||
| Q4 24 | $1.7B | $1.0B | ||
| Q3 24 | $1.3B | $7.3B | ||
| Q2 24 | $987.3M | $7.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $7.0B | ||
| Q2 24 | — | $6.9B |
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.2B | $551.2M | ||
| Q3 25 | $4.7B | $399.5M | ||
| Q2 25 | $4.2B | $857.8M | ||
| Q1 25 | $3.7B | $1.5B | ||
| Q4 24 | $3.4B | $1.3B | ||
| Q3 24 | $3.2B | $3.0B | ||
| Q2 24 | $3.0B | $2.9B |
| Q1 26 | $7.3B | — | ||
| Q4 25 | $7.0B | $6.5B | ||
| Q3 25 | $6.3B | $6.4B | ||
| Q2 25 | $5.8B | $6.6B | ||
| Q1 25 | $5.7B | $7.3B | ||
| Q4 24 | $5.4B | $7.3B | ||
| Q3 24 | $5.0B | $13.7B | ||
| Q2 24 | $4.7B | $13.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.32× | ||
| Q3 25 | — | 5.95× | ||
| Q2 25 | — | 2.77× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 2.35× | ||
| Q2 24 | — | 2.39× |
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 | — | $1.1B |
| Free Cash FlowOCF − Capex | — | $1.0B |
| FCF MarginFCF / Revenue | — | 41.5% |
| Capex IntensityCapex / Revenue | — | 1.7% |
| Cash ConversionOCF / Net Profit | — | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.6B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $543.3M | $1.1B | ||
| Q3 25 | $559.4M | $112.6M | ||
| Q2 25 | $44.7M | $446.8M | ||
| Q1 25 | $266.1M | $144.3M | ||
| Q4 24 | $381.2M | $506.0M | ||
| Q3 24 | $310.9M | $119.5M | ||
| Q2 24 | $-575.6M | $256.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $80.2M | ||
| Q2 25 | — | $411.5M | ||
| Q1 25 | — | $113.4M | ||
| Q4 24 | — | $475.1M | ||
| Q3 24 | — | $93.9M | ||
| Q2 24 | — | $209.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 41.5% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 13.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.82× | 1.93× | ||
| Q3 25 | 1.32× | 0.41× | ||
| Q2 25 | 0.11× | — | ||
| Q1 25 | 1.68× | 0.71× | ||
| Q4 24 | 1.89× | 1.63× | ||
| Q3 24 | 2.92× | 0.64× | ||
| Q2 24 | — | 1.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INCY
Segment breakdown not available.
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
