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
DateValue
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