ELAN vs. INCY: Elanco Animal Health vs. Incyte Stock Comparison

November 11, 2026

How do Elanco Animal Health (ELAN) and Incyte (INCY) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Elanco Animal Health (ELAN) and Incyte (INCY) both fall under the Pharmaceuticals, Biotechnology & Life Sciences industry group, but ELAN is classified in Pharmaceuticals while INCY is classified in Biotechnology.

Company profile comparison for Elanco Animal Health (ELAN) and Incyte (INCY)
Profile Item	ELAN	INCY
Name	Elanco Animal Health Incorporated	Incyte Corp.
Country/Region	United States	United States
GICS Sector	Health Care	Health Care
GICS Industry Group	Pharmaceuticals, Biotechnology & Life Sciences	Pharmaceuticals, Biotechnology & Life Sciences
GICS Industry	Pharmaceuticals	Biotechnology
GICS Sub-Industry	Pharmaceuticals	Biotechnology
Market Capitalization	12.86 billion USD	24.39 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	September 20, 2018	November 4, 1993
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ELAN

INCY

GSPC

Elanco Animal Health (ELAN) vs. Incyte (INCY), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Elanco Animal Health (ELAN) and Incyte (INCY). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Elanco Animal Health (ELAN) and Incyte (INCY). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Elanco Animal Health (ELAN) and Incyte (INCY)
Metric	ELAN	INCY
Total Return (1Y)	24.03%	14.06%
Total Return (3Y, Annualized)	37.47%	32.03%
Total Return (5Y, Annualized)	-4.24%	12.69%

Risk Profile

Drawdown History

ELAN

INCY

GSPC

Elanco Animal Health (ELAN) vs. Incyte (INCY), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Elanco Animal Health (ELAN) and Incyte (INCY). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Elanco Animal Health (ELAN) and Incyte (INCY)
Metric	ELAN	INCY
Volatility (1Y, Annualized)	43.57%	33.19%
Beta (5Y)	1.65	0.78
Max Drawdown (5Y)	-75.59%	-40.50%
Avg. Volume (3M)	5.65M	1.58M

Risk-Adjusted Performance

Risk-Return Positioning

ELAN and INCY are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Elanco Animal Health (ELAN) and Incyte (INCY)
Metric	ELAN	INCY
Sharpe Ratio (1Y)	0.45	0.29
Sortino Ratio (1Y)	0.66	0.46

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Incyte (INCY) earns 7.84% on shareholders’ equity, ranked against its industry; Elanco Animal Health (ELAN) has no ROE this period.

ELAN

Pharmaceuticals, Biotechnology & Life Sciences industry group

Max: 109.18%
Q3: 6.23%
Median: -26.66%
Q1: -64.05%
Min: -167.77%
ELAN: --

INCY

Pharmaceuticals, Biotechnology & Life Sciences industry group

7.84%

Max: 109.18%
INCY: 7.84%
Q3: 6.23%
Median: -26.66%
Q1: -64.05%
Min: -167.77%

Elanco Animal Health (ELAN) vs. Incyte (INCY): ELAN does not report ROE, so it has no value marker; INCY is benchmarked against the Pharmaceuticals, Biotechnology & Life Sciences industry group.

Net Margin (TTM)

Elanco Animal Health (ELAN) reports a negative net margin of -2.86%, usually indicating a net loss over the period. Meanwhile Incyte (INCY) reports 6.71%, ranking against industry peers normally.

ELAN

Pharmaceuticals, Biotechnology & Life Sciences industry group

-2.86%

Max: 18.05%
Q3: 4.78%
Median: 0.00%
ELAN: -2.86%
Q1: -4.14%
Min: -17.05%

INCY

Pharmaceuticals, Biotechnology & Life Sciences industry group

6.71%

Max: 18.05%
INCY: 6.71%
Q3: 4.78%
Median: 0.00%
Q1: -4.14%
Min: -17.05%

Elanco Animal Health (ELAN) vs. Incyte (INCY): A comparison of their net margin against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

Operating Margin (TTM)

Incyte (INCY) at 33.72% operates in the top operating margin quartile, ahead of Elanco Animal Health (ELAN) at 6.64%, which runs around its industry’s norm.

ELAN

Pharmaceuticals, Biotechnology & Life Sciences industry group

6.64%

Max: 83.12%
Q3: 14.77%
ELAN: 6.64%
Median: 0.00%
Q1: -78.82%
Min: -207.40%

INCY

Pharmaceuticals, Biotechnology & Life Sciences industry group

33.72%

Max: 83.12%
INCY: 33.72%
Q3: 14.77%
Median: 0.00%
Q1: -78.82%
Min: -207.40%

Elanco Animal Health (ELAN) vs. Incyte (INCY): A comparison of their operating margin against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

Profitability Metrics

Profitability metrics for Elanco Animal Health (ELAN) and Incyte (INCY)
Metric	ELAN	INCY
ROE (TTM)	--	7.84%
ROA (TTM)	--	17.78%
Net Margin (TTM)	-2.86%	6.71%
Operating Margin (TTM)	6.64%	33.72%
Gross Margin (TTM)	56.18%	56.02%

Growth

Revenue Growth

Both Elanco Animal Health (ELAN) at 6.22% and Incyte (INCY) at 21.22% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Elanco Animal Health (ELAN) vs. Incyte (INCY): A comparison of their Revenue Growth across different time periods.

EPS Growth

Incyte (INCY) at 4,173.33% delivers above-range EPS growth, while Elanco Animal Health (ELAN) at -169.12% falls into the bottom quartile — a wide split in earnings momentum.

Elanco Animal Health (ELAN) vs. Incyte (INCY): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Elanco Animal Health (ELAN) and Incyte (INCY)
Metric	ELAN	INCY
Revenue Growth (YoY)	6.22%	21.22%
Revenue Growth (3Y CAGR)	2.25%	14.84%
EPS Growth (YoY)	-169.12%	4,173.33%
EPS Growth (3Y CAGR)	--	61.56%

Financial Strength

Current Ratio (MRQ)

Short-term liquidity can only be read on one side of this pairing: Incyte (INCY) shows current ratio of 3.84 against its industry benchmark, while Elanco Animal Health (ELAN) has no reading this period.

ELAN

Pharmaceuticals, Biotechnology & Life Sciences industry group

Max: 25.13
Q3: 12.13
Median: 5.52
Q1: 2.47
Min: 0.10
ELAN: --

INCY

Pharmaceuticals, Biotechnology & Life Sciences industry group

3.84

Max: 25.13
Q3: 12.13
Median: 5.52
INCY: 3.84
Q1: 2.47
Min: 0.10

Elanco Animal Health (ELAN) vs. Incyte (INCY): ELAN does not report current ratio, so it has no value marker; INCY is benchmarked against the Pharmaceuticals, Biotechnology & Life Sciences industry group.

Debt / Equity (MRQ)

Incyte (INCY) at 0.01 keeps leverage in the lower industry quartile, while Elanco Animal Health (ELAN) at 0.64 runs a more typical debt-to-equity mix.

ELAN

Pharmaceuticals, Biotechnology & Life Sciences industry group

0.64

Max: 1.42
Q3: 0.65
ELAN: 0.64
Median: 0.15
Q1: 0.02
Min: 0.00

INCY

Pharmaceuticals, Biotechnology & Life Sciences industry group

0.01

Max: 1.42
Q3: 0.65
Median: 0.15
Q1: 0.02
INCY: 0.01
Min: 0.00

Elanco Animal Health (ELAN) vs. Incyte (INCY): A comparison of their debt-to-equity ratio against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Elanco Animal Health (ELAN) and Incyte (INCY)
Metric	ELAN	INCY
Current Ratio (MRQ)	--	3.84
Debt / Equity (MRQ)	0.64	0.01
Net Debt / EBITDA	3.49	-1.88

Dividends

Dividend Yield (TTM)

Neither Elanco Animal Health (ELAN) nor Incyte (INCY) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

ELAN

Pharmaceuticals, Biotechnology & Life Sciences industry group

0.00%

ELAN: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

INCY

Pharmaceuticals, Biotechnology & Life Sciences industry group

0.00%

INCY: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Elanco Animal Health (ELAN) vs. Incyte (INCY): A comparison of their dividend yield against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Elanco Animal Health (ELAN) nor Incyte (INCY) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

ELAN

Pharmaceuticals, Biotechnology & Life Sciences industry group

0.00%

ELAN: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

INCY

Pharmaceuticals, Biotechnology & Life Sciences industry group

0.00%

INCY: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Elanco Animal Health (ELAN) vs. Incyte (INCY): A comparison of their payout ratio against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

Dividend Metrics

Dividend metrics for Elanco Animal Health (ELAN) and Incyte (INCY)
Metric	ELAN	INCY
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Incyte (INCY) trades at 61.05 times trailing earnings, ranked against its peers, while Elanco Animal Health (ELAN) has no P/E ratio this period.

ELAN

Pharmaceuticals, Biotechnology & Life Sciences industry group

Max: 85.34
Q3: 43.46
Median: 26.69
Q1: 13.30
Min: 0.07
ELAN: --

INCY

Pharmaceuticals, Biotechnology & Life Sciences industry group

61.05

Max: 85.34
INCY: 61.05
Q3: 43.46
Median: 26.69
Q1: 13.30
Min: 0.07

Elanco Animal Health (ELAN) vs. Incyte (INCY): ELAN does not report P/E ratio, so it has no value marker; INCY is benchmarked against the Pharmaceuticals, Biotechnology & Life Sciences industry group.

P/S Ratio (TTM)

Elanco Animal Health (ELAN) at 2.50 sits in the cheaper P/S ratio quartile while Incyte (INCY) at 4.06 prices around its industry’s middle — ELAN costs less per dollar of sales, though read it alongside growth and margins.

ELAN

Pharmaceuticals, Biotechnology & Life Sciences industry group

2.50

Max: 58.18
Q3: 25.77
Median: 7.30
Q1: 3.01
ELAN: 2.50
Min: 0.01

INCY

Pharmaceuticals, Biotechnology & Life Sciences industry group

4.06

Max: 58.18
Q3: 25.77
Median: 7.30
INCY: 4.06
Q1: 3.01
Min: 0.01

Elanco Animal Health (ELAN) vs. Incyte (INCY): A comparison of their P/S ratio against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Elanco Animal Health (ELAN) at 1.95 and Incyte (INCY) at 4.33 are valued close to their industries’ norm against book — neither stands out from peers.

ELAN

Pharmaceuticals, Biotechnology & Life Sciences industry group

1.95

Max: 13.53
Q3: 6.54
Median: 3.25
ELAN: 1.95
Q1: 1.69
Min: -5.59

INCY

Pharmaceuticals, Biotechnology & Life Sciences industry group

4.33

Max: 13.53
Q3: 6.54
INCY: 4.33
Median: 3.25
Q1: 1.69
Min: -5.59

Elanco Animal Health (ELAN) vs. Incyte (INCY): A comparison of their P/B ratio against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

Valuation Metrics

Valuation metrics for Elanco Animal Health (ELAN) and Incyte (INCY)
Metric	ELAN	INCY
P/E Ratio (TTM)	--	61.05
P/S Ratio (TTM)	2.50	4.06
P/B Ratio (MRQ)	1.95	4.33
Free Cash Flow Yield (TTM)	--	5.28%