Normalized Pre-Tax Income (Annual)

Normalized Pre-Tax Income: A company's income before income tax expense smoothed out by removing non-recurring items.

Incyte Corporation (INCY) had Normalized Pre-Tax Income of $1.64B for the most recently reported fiscal year, ending 2025-12-31.

Quarterly Annual

Figures for fiscal year ending 2025-12-31

Income Statement Financials
Revenue	$5.14B
Net Income	$1.29B
Cost of Goods Sold	$372.13M
Gross Profit	$4.77B
Operating Expenses	$3.63B
Operating Income	$1.51B
Non-Operating Income/Expense	$149.59M
Pre-Tax Income	$1.66B
Normalized Pre-Tax Income	$1.64B
Income after Taxes	$1.29B
Income from Continuous Operations	$1.29B
Consolidated Net Income/Loss	$1.29B
Normalized Income after Taxes	$1.26B
EBIT	$1.51B
EBITDA	$1.61B
Weighted-Average Shares Outstanding (Basic)	195.20M
Weighted-Average Shares Outstanding (Diluted)	200.70M
Earnings per Share (EPS) (Basic)	$6.59
Earnings per Share (EPS) (Diluted)	$6.41
Balance Sheet Financials
Current Assets	$5.02B
Property, Plant, and Equipment	$730.88M
Long-Term Assets	$1.93B
Total Assets	$6.96B
Current Liabilities	$1.52B
Long-Term Debt	$30.20M
Long-Term Liabilities	$275.32M
Total Liabilities	$1.79B
Common Equity	$5.17B
Tangible Shareholders Equity	$4.92B
Shareholders Equity	$5.17B
Common Shares Outstanding	198.46M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$1.41B
Cash Flow from Investing Activities	$-102.61M
Cash Flow from Financial Activities	$101.04M
Beginning Cash	$1.69B
End Cash	$3.10B
Increase/Decrease in Cash	$1.41B
Stock-Based Compensation	$249.35M
Common Stock Dividends Paid	--
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	3.32
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.01
Debt to Equity Ratio	0.01
Gross Margin	92.76%
Operating Margin	29.46%
EBIT Margin	29.46%
EBITDA Margin	31.28%
Pre-Tax Profit Margin	32.37%
Profit Margin	25.03%
Free Cash Flow	$1.35B
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.74
Inventory Turnover	3.68
Receiveable Turnover	5.02
Days Sales in Receivables	72.73
Return on Equity	24.90%
Return on Tangible Equity	26.17%
Return on Assets	18.49%
Return on Investments	24.75%
Book Value Per Share	$26.04
Free Cash Flow per Share	$6.75
Operating Cash Flow per Share	$7.04

Data from Zacks Investment Research, Inc.