Icon (ICLR) Cost of Revenue (2009 - 2025)

Icon (ICLR) reported Cost of Revenue of $1.7 billion for Q4 2025, up 17.15% year-over-year from $1.4 billion in Q4 2024, and up 13.48% quarter-over-quarter from $1.5 billion in Q3 2025.

Icon (ICLR) Cost of Revenue (2009 - 2025) Analysis & Trends

Icon (ICLR) has 17 years of Cost of Revenue data on file, last reported at $1.7 billion in Q4 2025.

  • Cost of Revenue for Q4 2025 came in at $1.7 billion, up 17.15% year-over-year; the trailing twelve-month figure through Dec 2025 was $6.1 billion (up 3.94% YoY), and the FY2025 annual result was $6.1 billion, up 45.21% from the prior year.
  • Cost of Revenue advanced to $1.7 billion in Q4 2025 per ICLR's latest filing, from $1.5 billion in the prior quarter.
  • Over five years, Cost of Revenue peaked at $1.7 billion in Q4 2025 and troughed at $626.2 million in Q1 2021.
  • A 5-year average of $1.4 billion and a median of $1.4 billion in 2023 frame the typical range for Cost of Revenue.
  • On a YoY basis, Cost of Revenue climbed as much as 175.22% in 2021 and fell as far as 43.25% in 2021.
  • A 5-year view of Cost of Revenue shows it stood at $1.4 billion in 2021, then gained by 1.72% to $1.4 billion in 2022, then advanced by 4.71% to $1.4 billion in 2023, then fell by 0.28% to $1.4 billion in 2024, then grew by 17.15% to $1.7 billion in 2025.
  • Business Quant data shows ICLR's Cost of Revenue at $1.7 billion in Q4 2025, $1.5 billion in Q3 2025, and $1.5 billion in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Waters 30,010.71 Bn 30,010.25 Bn 1.11 Bn 155.00 Mn
2 Thermo Fisher Scientific 179.46 Bn 176.21 Bn 7.74 Bn 3.26 Bn
3 Danaher 130.33 Bn 124.64 Bn 3.59 Bn 2.36 Bn
4 Idexx Laboratories 44.44 Bn 44.24 Bn 722.74 Mn 175.25 Mn
5 Agilent Technologies 37.27 Bn 35.46 Bn 990.00 Mn 845.00 Mn
6 Iqvia Holdings 30.70 Bn 28.73 Bn 1.36 Bn 2.80 Bn
7 Natera 30.59 Bn 29.49 Bn 696.04 Mn 608,000.00
8 Illumina 24.86 Bn 23.71 Bn 721.00 Mn 370.00 Mn
9 Mettler Toledo International 23.06 Bn 23.00 Bn 555.82 Mn 118.74 Mn
10 Icon 11.34 Bn 10.69 Bn 500.89 Mn 1.69 Bn

Historic Data

Download Data
DateValue
Dec 31, 2025 1.69 Bn
Dec 31, 2025 1.69 Bn
Sep 30, 2025 1.49 Bn
Sep 30, 2025 1.49 Bn
Jun 30, 2025 1.46 Bn
Jun 30, 2025 1.46 Bn
Mar 31, 2025 1.44 Bn
Mar 31, 2025 1.44 Bn
Dec 31, 2024 1.44 Bn
Dec 31, 2024 1.44 Bn
Sep 30, 2024 1.44 Bn
Sep 30, 2024 1.44 Bn
Jun 30, 2024 1.49 Bn
Jun 30, 2024 1.49 Bn
Mar 31, 2024 1.47 Bn
Mar 31, 2024 1.47 Bn
Dec 31, 2023 1.45 Bn
Dec 31, 2023 1.45 Bn
Sep 30, 2023 1.45 Bn
Sep 30, 2023 1.45 Bn