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Side-by-side financial comparison of Incyte (INCY) and Uniti Group Inc. (UNIT). Click either name above to swap in a different company.

Incyte is the larger business by last-quarter revenue ($1.3B vs $722.6M, roughly 1.8× Uniti Group Inc.). Uniti Group Inc. runs the higher net margin — 222.7% vs 23.8%, a 198.8% gap on every dollar of revenue.

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.

Uniti was an electric vehicle prototype by Uniti Sweden, a Swedish automotive startup. The company was founded in January 2016 by a team of students and engineers under CEO Lewis Horne which aimed at developing an electric microcar in Lund, Sweden. It filed for bankruptcy in April 2022. No products were ever delivered to customers.

INCY vs UNIT — Head-to-Head

Bigger by revenue
INCY
INCY
1.8× larger
INCY
$1.3B
$722.6M
UNIT
Higher net margin
UNIT
UNIT
198.8% more per $
UNIT
222.7%
23.8%
INCY

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
INCY
INCY
UNIT
UNIT
Revenue
$1.3B
$722.6M
Net Profit
$303.3M
$1.6B
Gross Margin
Operating Margin
23.7%
-5.9%
Net Margin
23.8%
222.7%
Revenue YoY
19.8%
Net Profit YoY
91.7%
EPS (diluted)
$1.47
$4.92

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
UNIT
UNIT
Q1 26
$1.3B
Q4 25
$1.5B
Q3 25
$1.4B
$722.6M
Q2 25
$1.2B
Q1 25
$1.1B
Q4 24
$1.2B
Q3 24
$1.1B
Q2 24
$1.0B
Net Profit
INCY
INCY
UNIT
UNIT
Q1 26
$303.3M
Q4 25
$299.3M
Q3 25
$424.2M
$1.6B
Q2 25
$405.0M
Q1 25
$158.2M
Q4 24
$201.2M
Q3 24
$106.5M
Q2 24
$-444.6M
Gross Margin
INCY
INCY
UNIT
UNIT
Q1 26
Q4 25
92.0%
Q3 25
92.8%
Q2 25
93.5%
Q1 25
93.0%
Q4 24
92.5%
Q3 24
92.4%
Q2 24
92.7%
Operating Margin
INCY
INCY
UNIT
UNIT
Q1 26
23.7%
Q4 25
22.3%
Q3 25
32.5%
-5.9%
Q2 25
43.6%
Q1 25
19.5%
Q4 24
25.6%
Q3 24
12.8%
Q2 24
-45.8%
Net Margin
INCY
INCY
UNIT
UNIT
Q1 26
23.8%
Q4 25
19.9%
Q3 25
31.1%
222.7%
Q2 25
33.3%
Q1 25
15.0%
Q4 24
17.1%
Q3 24
9.4%
Q2 24
-42.6%
EPS (diluted)
INCY
INCY
UNIT
UNIT
Q1 26
$1.47
Q4 25
$1.46
Q3 25
$2.11
$4.92
Q2 25
$2.04
Q1 25
$0.80
Q4 24
$0.90
Q3 24
$0.54
Q2 24
$-2.04

Balance Sheet & Financial Strength

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

Metric
INCY
INCY
UNIT
UNIT
Cash + ST InvestmentsLiquidity on hand
$158.0M
Total DebtLower is stronger
$9.3B
Stockholders' EquityBook value
$5.6B
$680.7M
Total Assets
$7.3B
$12.1B
Debt / EquityLower = less leverage
13.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INCY
INCY
UNIT
UNIT
Q1 26
Q4 25
$3.1B
Q3 25
$2.5B
$158.0M
Q2 25
$2.0B
Q1 25
$1.9B
Q4 24
$1.7B
Q3 24
$1.3B
Q2 24
$987.3M
Total Debt
INCY
INCY
UNIT
UNIT
Q1 26
Q4 25
Q3 25
$9.3B
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
INCY
INCY
UNIT
UNIT
Q1 26
$5.6B
Q4 25
$5.2B
Q3 25
$4.7B
$680.7M
Q2 25
$4.2B
Q1 25
$3.7B
Q4 24
$3.4B
Q3 24
$3.2B
Q2 24
$3.0B
Total Assets
INCY
INCY
UNIT
UNIT
Q1 26
$7.3B
Q4 25
$7.0B
Q3 25
$6.3B
$12.1B
Q2 25
$5.8B
Q1 25
$5.7B
Q4 24
$5.4B
Q3 24
$5.0B
Q2 24
$4.7B
Debt / Equity
INCY
INCY
UNIT
UNIT
Q1 26
Q4 25
Q3 25
13.64×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

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
UNIT
UNIT
Operating Cash FlowLast quarter
$229.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.14×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INCY
INCY
UNIT
UNIT
Q1 26
Q4 25
$543.3M
Q3 25
$559.4M
$229.8M
Q2 25
$44.7M
Q1 25
$266.1M
Q4 24
$381.2M
Q3 24
$310.9M
Q2 24
$-575.6M
Cash Conversion
INCY
INCY
UNIT
UNIT
Q1 26
Q4 25
1.82×
Q3 25
1.32×
0.14×
Q2 25
0.11×
Q1 25
1.68×
Q4 24
1.89×
Q3 24
2.92×
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

INCY
INCY

Segment breakdown not available.

UNIT
UNIT

Revenue And Sales$315.5M44%
DSL Subscriber And Other$102.7M14%
Fiber Subscriber$77.7M11%
Business Services$66.4M9%
Uniti Fiber$55.7M8%
Wholesale$54.8M8%
Sales Revenue$27.3M4%
Time Division Multiplexing$8.7M1%
Switched Access$2.2M0%

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