Verdict: Side-by-side breakdown using the Bull Rankings model. INCY scored 84.1, TGTX scored 48.3 — INCY leads.
Compare another set
Different reporting periods. TGTX's fundamentals are as of June 2026, but INCY's are as of March 2026 — a 3-month gap. Growth, margin and valuation figures below therefore describe different windows and aren't strictly like-for-like.
INCY
Incyte Corporation
Biotechnology · Quality-Growth
84.1
$112.79 · $22.9B
fundamentals as of
Score gap
35.8
INCY leads
TGTX
TG Therapeutics, Inc.
Biotechnology · Quality-Growth
48.3
$55.37 · $8.5B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
CheapestINCY14.4x
Fastest growthTGTX+76.1%
Strongest balance sheetINCY0.01
Highest qualityINCY83 / 100
Largest discount to fair valueINCY-31%
Side by side · every name on one set of axes
Growth against the P/E multiple. Up and to the right is cheaper and faster — the quality-growth idea in one picture. Points beyond the axis are pinned to the edge and marked off-scale rather than allowed to compress everything else.
The model, pillar by pillar (0–100 each)
INCY
stronger →← stronger
TGTX
83
Qualityreturns · margins · balance sheet
58
87
Growthrevenue & earnings expansion
72
83
Valuevaluation vs sector peers
27
INCY is stronger on 3 of 3 pillars.
Fundamentals, head-to-head
INCY
TGTX
$1.4bC+
FCF
$17mC-
+21.5%A-
Rev
+76.1%A
0.01A
D/E
1.25C
14.4xA-
P/E
19.4xB+
10.82D
PEG
—
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
Valuation · DCF cross-check
INCY
TGTX
31% below
Price vs fair valuelower is cheaper
3323% above
~0%/yr
Growth the price impliesyr-1 FCF growth, fading to 4% · lower = less priced in
>60%/yr
+26%
1-yr DCF upside
-98%
+44%
5-yr DCF upside
-97%
+76%
10-yr DCF upside
-96%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
INCY
Why this score
Diluting shareholders
TGTX
Why this score
Buying back stock
The companies
INCYIncyte Corporation
Biotechnology · $112.79 · beta 0.74
Why now
Biotechnology · market cap $22.9b. 15% off the 52-week high of $132.60. Revenue growing +21%, comfortably above the S&P median. 24 sell-side analysts rate this a Buy with a mean 1-yr target of $129.13 (implying +14% upside).
Moat
Net margin 27% sits well above the S&P median (~11%) — suggests structural pricing advantage or cost discipline competitors can't quickly close. ROE 25% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which. FCF converts 98% of net income — earnings translate cleanly into cash.
Risk
Reimbursement risk — even an approved drug can fail commercially if payors don't reimburse; pricing pressure from Medicare and large PBMs has been accelerating since 2024.
TGTXTG Therapeutics, Inc.
Biotechnology · $55.37 · beta 1.80
Why now
Biotechnology · market cap $8.5b. 7% off the 52-week high of $59.30. Revenue growing +76% — in hypergrowth territory. 7 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $69.71 (implying +26% upside).
Moat
Net margin 55% is exceptional — pricing-power territory rare outside premium software, branded staples, and specialty pharma. ROE 73% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which. Pharma moat is patent runway + pipeline depth — a single approved molecule funds the next generation of bets. Late-stage trials carry binary readouts that swing valuation 30%+.
Risk
Beta 1.80 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return. P/S 10.6x embeds aggressive forward growth — disappointing top-line guidance would compress the multiple hard. Trial-readout binary — late-stage clinical trials carry approve/reject outcomes that swing valuation 30%+; the equity is effectively a portfolio of these binary events, not a steady cash-flow business.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.
Where INCY and TGTX diverge
On the headline score the gap is 35.8 points in favor of INCY. The widest single difference is Value, where INCY leads by 55.5 points.
ValueINCY 82.6 · TGTX 27.1INCY +55.5
QualityINCY 82.8 · TGTX 58.1INCY +24.7
GrowthINCY 86.9 · TGTX 71.8INCY +15.1
Pillars run 0–100. Value is judged against each company's own sector, so a Value score is a statement about a company relative to its own industry rather than to the other name here. A wide Value gap usually means the market already prices the difference in quality or growth — which is the trade-off this comparison comes down to.
Common questions
Is INCY or TGTX the better stock?
INCY scores higher: INCY 84.1, TGTX 48.3 out of 100 on the Bull Rankings quality-growth score, which blends business quality, growth and valuation into one number. A higher score means a stronger business at a more reasonable price — it is not a price target or a recommendation.
Where do INCY and TGTX differ most?
The widest gap is value, where INCY leads by 56 points on the 0–100 pillar scale. INCY leads all three pillars, so the gap is broad rather than a single-measure difference.
How are INCY and TGTX scored?
Each carries the same 0–100 quality-growth score used everywhere on the site, built from three pillars — quality (profitability and returns on capital), growth (revenue and earnings), and value (what you pay for them) — combined as a geometric mean, so a weak pillar cannot be papered over by a strong one.
How current is this comparison?
The whole universe is re-scored every trading day after the US market close, so the scores and fundamentals here reflect the latest published edition.