Icon (ICLR) EBITDA (2009 - 2025)
Icon (ICLR) reported EBITDA of -$72.5 million for Q4 2025, down 117.16% year-over-year from $422.6 million in Q4 2024, and down 118.28% quarter-over-quarter from $396.7 million in Q3 2025.
Icon (ICLR) EBITDA (2009 - 2025) Analysis & Trends
Icon (ICLR) has 17 years of EBITDA data on file, last reported at -$72.5 million in Q4 2025.
- EBITDA for Q4 2025 came in at -$72.5 million, down 117.16% year-over-year; the trailing twelve-month figure through Dec 2025 was $1.1 billion (down 36.0% YoY), and the FY2025 annual result was $598.6 million, down 65.51% from the prior year.
- EBITDA slipped to -$72.5 million in Q4 2025 per ICLR's latest filing, from $396.7 million in the prior quarter.
- Over five years, EBITDA peaked at $450.4 million in Q2 2024 and troughed at -$72.5 million in Q4 2025.
- A 5-year average of $349.5 million and a median of $396.4 million in 2025 frame the typical range for EBITDA.
- The sharpest annual moves came in 2021 and 2025: EBITDA soared 182.47% in 2021, then plunged 117.16% in 2025.
- A 5-year view of EBITDA shows it stood at $332.5 million in 2021, then advanced by 21.79% to $405.0 million in 2022, then rose by 10.66% to $448.2 million in 2023, then retreated by 5.72% to $422.6 million in 2024, then sank by 117.16% to -$72.5 million in 2025.
- Business Quant data shows ICLR's EBITDA at -$72.5 million in Q4 2025, $396.7 million in Q3 2025, and $396.0 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 29,902.70 Bn | 29,902.24 Bn | 1.11 Bn | -47.00 Mn |
| 2 | Thermo Fisher Scientific | 175.99 Bn | 172.74 Bn | 7.74 Bn | 1.86 Bn |
| 3 | Danaher | 129.87 Bn | 124.18 Bn | 3.59 Bn | 1.34 Bn |
| 4 | Idexx Laboratories | 44.75 Bn | 44.55 Bn | 722.74 Mn | 362.59 Mn |
| 5 | Agilent Technologies | 37.52 Bn | 35.72 Bn | 990.00 Mn | 399.00 Mn |
| 6 | Iqvia Holdings | 30.91 Bn | 28.94 Bn | 1.36 Bn | 514.00 Mn |
| 7 | Natera | 30.21 Bn | 29.11 Bn | 696.04 Mn | -85.04 Mn |
| 8 | Illumina | 24.19 Bn | 23.04 Bn | 721.00 Mn | 209.00 Mn |
| 9 | Mettler Toledo International | 23.12 Bn | 23.06 Bn | 555.82 Mn | 183.97 Mn |
| 10 | Icon | 11.97 Bn | 11.32 Bn | 500.89 Mn | -72.51 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -72.51 Mn |
| Sep 30, 2025 | 396.73 Mn |
| Jun 30, 2025 | 396.04 Mn |
| Mar 31, 2025 | 390.66 Mn |
| Dec 31, 2024 | 422.56 Mn |
| Sep 30, 2024 | 418.79 Mn |
| Jun 30, 2024 | 450.41 Mn |
| Mar 31, 2024 | 444.04 Mn |
| Dec 31, 2023 | 448.19 Mn |
| Sep 30, 2023 | 432.54 Mn |
| Jun 30, 2023 | 414.25 Mn |
| Mar 31, 2023 | 399.12 Mn |
| Dec 31, 2022 | 405.02 Mn |
| Sep 30, 2022 | 379.60 Mn |
| Jun 30, 2022 | 354.25 Mn |
| Mar 31, 2022 | 340.61 Mn |
| Dec 31, 2021 | 332.54 Mn |
| Sep 30, 2021 | 324.87 Mn |
| Jun 30, 2021 | 160.86 Mn |
| Mar 31, 2021 | 151.70 Mn |