Icon (ICLR) EV to CFO (2009 - 2026)
Icon's EV to CFO was 11.88 in the quarter ended Sep 30, 2026, down 0.9% from 11.98 a year earlier but up 2.7% from the prior quarter.
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Analysis
Icon (ICLR) EV to CFO (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Icon's EV to CFO was 9.52 through Sep 30, 2026, down 10.6% year-over-year; for the year ended Dec 31, 2025, it was 12.76, up 0.5% from the prior year.
- In earlier years, EV to CFO was 12.70 in the year ended Dec 31, 2024 (-35.7%), 19.75 in the year ended Dec 31, 2023 (-28.6%), 27.67 in the year ended Dec 31, 2022 (-6.4%) and 29.55 in the year ended Dec 31, 2021 (+77.6%).
- Quarterly EV to CFO has moved between 8.24 (the quarter ended Mar 31, 2026) and 37.80 (the quarter ended Jun 30, 2023) over five years.
- Compared with a year earlier, EV to CFO was higher in two of the last eight quarters, with an average decline of 20.9%.
- The best year-over-year quarter for EV to CFO over five years was the quarter ended Jun 30, 2023 (growth of 121.1%); the worst was the quarter ended Jun 30, 2024 (a decline of 49.5%).
- Per Business Quant data, ICLR's EV to CFO in the three quarters before the quarter ended Sep 30, 2026 was 11.56 (quarter ended Jun 30, 2026), 8.24 (quarter ended Mar 31, 2026) and 12.76 (quarter ended Dec 31, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Iqvia Holdings | 45.36 Bn | 36.74 Bn | 1.50 Bn |
| 2 | Medpace Holdings | 18.58 Bn | 16.23 Bn | 223.89 Mn |
| 3 | Charles River Laboratories International | 16.56 Bn | 15.80 Bn | 357.87 Mn |
| 4 | Icon | 15.67 Bn | 12.44 Bn | 491.83 Mn |
| 5 | Fortrea Holdings | 2.06 Bn | 1.35 Bn | 139.50 Mn |
| 6 | Ginkgo Bioworks Holdings | 774.61 Mn | 39.09 Mn | 25.91 Mn |
| 7 | Evotec SE | 600.89 Mn | -1.16 Bn | - |
| 8 | Champions Oncology | 66.11 Mn | 41.77 Mn | 7.70 Mn |
| 9 | MindWalk Holdings | 48.11 Mn | 11.77 Mn | 1.61 Mn |
| 10 | Natural Alternatives International | 6.27 Mn | -21.81 Mn | 1.73 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 11.88 |
| Jun 30, 2026 | 11.56 |
| Mar 31, 2026 | 8.24 |
| Dec 31, 2025 | 12.76 |
| Sep 30, 2025 | 11.98 |
| Jun 30, 2025 | 9.83 |
| Mar 31, 2025 | 11.08 |
| Dec 31, 2024 | 12.70 |
| Sep 30, 2024 | 16.57 |
| Jun 30, 2024 | 19.10 |
| Mar 31, 2024 | 20.81 |
| Dec 31, 2023 | 19.75 |
| Sep 30, 2023 | 29.95 |
| Jun 30, 2023 | 37.80 |
| Mar 31, 2023 | 33.55 |
| Dec 31, 2022 | 27.67 |
| Sep 30, 2022 | 15.75 |
| Jun 30, 2022 | 17.09 |
| Mar 31, 2022 | 20.42 |
| Dec 31, 2021 | 29.55 |
API Access
Icon EV to CFO API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=ICLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "ticker": "ICLR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=ICLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();