Icon (ICLR) FCF Margin (2009 - 2026)

Icon (ICLR) posted quarterly FCF Margin of 9.72% for Q1 2026, down 502.0% YoY from 2.42% in Q1 2025, and down 54.99% sequentially from 21.6% in Q3 2025.

Icon (ICLR) FCF Margin (2009 - 2026) Analysis & Trends

Icon has disclosed FCF Margin across 18 years of filings, most recently posting 9.72% for Q1 2026.

  • In Q1 2026, FCF Margin fell 502.0% year-over-year to 9.72%; the TTM figure through Mar 2026 stood at 9.4% (down 353.0% YoY), while the FY2025 annual figure was 14.6%, down 411.0% from the prior year.
  • FCF Margin eased to 9.72% in Q1 2026, from 21.6% in the prior quarter.
  • Over the last five years, FCF Margin for ICLR reached as high as 21.97% in Q3 2024 and fell as low as 3.11% in Q4 2024.
  • The 5-year median for FCF Margin is 12.47% (2024), against an average of 13.26%.
  • Annual changes were most pronounced in 2022 — FCF Margin sank 536 bps — and 2024, when it soared 672 bps.
  • A 5-year view of FCF Margin shows it stood at 12.93% in 2022, then soared by 40 bps to 18.03% in 2023, then plunged by 83 bps to 3.11% in 2024, then surged by 595 bps to 21.6% in 2025, then tumbled by 55 bps to 9.72% in 2026.
  • According to Business Quant data, FCF Margin over the past three periods registered 9.72%, 21.6%, and 8.85% for Q1 2026, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Waters 31,055.11 Bn 31,054.65 Bn 1.11 Bn -3.31%
2 Thermo Fisher Scientific 191.02 Bn 187.77 Bn 7.74 Bn 7.41%
3 Danaher 137.16 Bn 131.47 Bn 3.59 Bn 18.23%
4 Idexx Laboratories 42.82 Bn 42.62 Bn 722.74 Mn 22.61%
5 Natera 39.09 Bn 37.99 Bn 696.04 Mn 2.59%
6 Agilent Technologies 37.61 Bn 35.81 Bn 990.00 Mn 10.95%
7 Iqvia Holdings 34.23 Bn 32.25 Bn 1.36 Bn 11.83%
8 Illumina 28.14 Bn 26.98 Bn 721.00 Mn 23.01%
9 Mettler Toledo International 26.40 Bn 26.33 Bn 555.82 Mn 12.92%
10 Icon 13.41 Bn 12.64 Bn 477.93 Mn 9.72%

Historic Data

Download Data
DateValue
Mar 31, 2026 9.72%
Sep 30, 2025 21.60%
Jun 30, 2025 8.85%
Mar 31, 2025 14.74%
Dec 31, 2024 3.11%
Sep 30, 2024 21.97%
Jun 30, 2024 12.02%
Mar 31, 2024 16.95%
Dec 31, 2023 10.23%
Sep 30, 2023 18.03%
Jun 30, 2023 11.68%
Mar 31, 2023 10.22%
Dec 31, 2022 -14.61%
Sep 30, 2022 12.93%
Jun 30, 2022 10.86%
Mar 31, 2022 12.96%
Dec 31, 2021 7.96%
Sep 30, 2021 17.33%
Jun 30, 2021 16.23%
Mar 31, 2021 14.06%