Which has the lower trailing P/E, INCY or STE?

INCY has the lower trailing P/E: INCY trades at 15.36 and STE at 29.03. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, INCY or STE?

Over the past five years, INCY grew revenue faster — INCY at a 16.43% CAGR versus STE at 5.93%.

Does INCY or STE pay a bigger dividend?

STE pays a dividend (1.06% yield), while INCY has no payments in the available dividend history.

Is INCY or STE more profitable?

INCY runs the higher net margin — INCY at 27.71% versus STE at 13.31%.

How have INCY and STE total returns compared?

Over the past 10 years, INCY delivered 2.87% and STE delivered 13.80% annualized total return. Past performance doesn't predict future results.

Incyte Corporation (INCY) vs STERIS plc (STE)

A side-by-side comparison of Incyte Corporation and STERIS plc across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 10, 2026. Differences are shown without an overall score or investment verdict.

INCY

Incyte Corporation

$24.75B

$122.12HealthcareDelayed quote: Aug 10, 2026, 10:00 AM EDT

STE

STERIS plc

$23.08B

$236.82HealthcareDelayed quote: Aug 10, 2026, 10:00 AM EDT

Total return — INCY vs STE

growth of $100 · dividends reinvested · last 10y

INCY +48.7% (+4.1%/yr)STE +270.9% (+14.0%/yr)STE compounded faster over this window

INCY STE

INCY vs STE: by the numbers

•INCY is the larger company ($24.75B vs $23.08B market cap).
•INCY trades at the lower trailing earnings multiple (15.36 vs 29.03 P/E), one valuation lens rather than an overall verdict.
•INCY converts more revenue to profit (27.71% vs 13.31% net margin).
•INCY grew revenue faster over the past five years (16.43% vs 5.93% CAGR).
•STE pays a dividend (1.06% yield), while INCY has no payments in the available dividend history.

Metrics side by side

Valuation

Metric	INCY	STE
P/E ratio	15.36	29.03
Forward P/E	28.83	23.29
P/S ratio	4.31	3.86
P/B ratio	3.96	3.19
EV / EBITDA	10.93	13.45
FCF yield	7.65%	4.24%

Profitability

Metric	INCY	STE
Gross margin	92.62%	43.97%
Operating margin	31.57%	18.83%
Net margin	27.71%	13.31%
ROE	25.41%	8.38%
ROIC	20.58%	8.47%

Dividends

Metric	INCY	STE
Dividend yield	N/A	1.06%
Payout ratio	N/A	31.78%

Growth (annualized)

Metric	INCY	STE
Revenue CAGR (5Y)	16.43%	5.93%
EPS CAGR (5Y)	21.19%	11.22%
FCF CAGR (5Y)	33.69%	16.89%
Total return CAGR (5Y)	9.58%	2.86%

Frequently asked

Which has the lower trailing P/E, INCY or STE?: INCY has the lower trailing P/E: INCY trades at 15.36 and STE at 29.03. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, INCY or STE?: Over the past five years, INCY grew revenue faster — INCY at a 16.43% CAGR versus STE at 5.93%.
Does INCY or STE pay a bigger dividend?: STE pays a dividend (1.06% yield), while INCY has no payments in the available dividend history.
Is INCY or STE more profitable?: INCY runs the higher net margin — INCY at 27.71% versus STE at 13.31%.
How have INCY and STE total returns compared?: Over the past 10 years, INCY delivered 2.87% and STE delivered 13.80% annualized total return. Past performance doesn't predict future results.

Go deeper

Full INCY analysis Full STE analysis Interactive comparison tool

Dig into the metrics

Incyte P/E ratio STERIS P/E ratio STERIS dividend yield Incyte ROE STERIS ROE Incyte operating margin STERIS operating margin Incyte revenue growth STERIS revenue growth Incyte free cash flow STERIS free cash flow

Incyte & STERIS appear in these rankings

Fastest Revenue Growth Stocks Highest ROE Stocks Highest ROIC Stocks Highest Operating Margin Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 10, 2026.