Is INCY or STE cheaper?

On trailing earnings, INCY is cheaper: INCY trades at a 15.19 P/E and STE at 26.56.

Which has grown faster, INCY or STE?

Over the past five years, INCY grew revenue faster — INCY at a 14.68% CAGR versus STE at 13.82%.

Does INCY or STE pay a bigger dividend?

STE pays a dividend (1.20% yield) while INCY does not currently pay one.

Is INCY or STE more profitable?

INCY runs the higher net margin — INCY at 26.71% versus STE at 13.18%.

Which has been the better investment, INCY or STE?

Over the past 10-year, STE delivered the higher annualized total return — INCY at 3.40% versus STE at 13.60%. Past performance doesn't predict future results.

Incyte Corporation (INCY) vs STERIS plc (STE)

INCY leads on 14 of 16 compared metrics.

A side-by-side comparison of Incyte Corporation and STERIS plc across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 26, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — INCY vs STE

growth of $100 · last 30y

INCY +1155.8%STE +1226.2%STE compounded faster

INCY STE

INCY vs STE: by the numbers

•INCY is the larger company ($21.48B vs $20.52B market cap).
•INCY trades at the lower earnings multiple (15.19 vs 26.56 P/E).
•INCY converts more revenue to profit (26.71% vs 13.18% net margin).
•INCY grew revenue faster over the past five years (14.68% vs 13.82% CAGR).
•STE pays a dividend (1.20% yield) while INCY does not currently pay one.

Which is better, INCY or STE?

Metric tally: INCY 14 · STE 2

It depends on what you're optimizing for:

ValueINCY(lower P/E)

GrowthINCY(faster 5Y revenue CAGR)

QualityINCY(higher ROIC)

Metrics side by side

Valuation

Metric	INCY	STE
P/E ratio	15.19●	26.56
Forward P/E	12.08●	20.65
P/S ratio	4.15	3.49●
P/B ratio	4.01	2.88●
PEG ratio	0.72●	1.03
EV / EBITDA	10.06●	12.24
FCF yield	6.52%●	4.69%

Profitability

Metric	INCY	STE
Gross margin	92.48%●	44.25%
Operating margin	27.05%●	18.56%
Net margin	26.71%●	13.18%
ROE	25.79%●	10.89%
ROIC	20.58%●	8.47%

Dividends

Metric	INCY	STE
Dividend yield	—	1.20%
Payout ratio	—	31.78%

Growth (annualized)

Metric	INCY	STE
Revenue CAGR (5Y)	14.68%●	13.82%
EPS CAGR (5Y)	21.19%●	11.22%
FCF CAGR (5Y)	20.60%●	16.64%
Total return CAGR (5Y)	4.37%●	1.32%

Frequently asked

Which is better, INCY or STE?: It depends on your goal. value: INCY (lower P/E); growth: INCY (faster 5Y revenue CAGR); quality: INCY (higher ROIC). Across all compared metrics, INCY leads 14 to 2.
Is INCY or STE cheaper?: On trailing earnings, INCY is cheaper: INCY trades at a 15.19 P/E and STE at 26.56.
Which has grown faster, INCY or STE?: Over the past five years, INCY grew revenue faster — INCY at a 14.68% CAGR versus STE at 13.82%.
Does INCY or STE pay a bigger dividend?: STE pays a dividend (1.20% yield) while INCY does not currently pay one.
Is INCY or STE more profitable?: INCY runs the higher net margin — INCY at 26.71% versus STE at 13.18%.
Which has been the better investment, INCY or STE?: Over the past 10-year, STE delivered the higher annualized total return — INCY at 3.40% versus STE at 13.60%. 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 Incyte dividend yield 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

Highest ROE Stocks Highest ROIC Stocks Highest FCF Yield Stocks Best 10-Year Total Return 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 June 26, 2026.