Icon (ICLR) FCF Margin (2009 - 2026)
Icon (ICLR) posted quarterly FCF Margin of 15.69% for Q2 2026, up 693.0% year-over-year from 1.98% in Q2 2025, and up 61.33% quarter-over-quarter from 9.72% in Q1 2026.
Icon (ICLR) FCF Margin (2009 - 2026) Analysis & Trends
Icon (ICLR) has reported FCF Margin for 18 consecutive years, with 15.69% the latest figure, recorded in Q2 2026.
- In Q2 2026, FCF Margin rose 693.0% year-over-year to 15.69%; the TTM figure through Jun 2026 stood at 11.1% (down 102.0% YoY), while the FY2024 annual figure was 54.8%, up 542.0% from the prior year.
- FCF Margin advanced to 15.69% in Q2 2026 per ICLR's latest filing, from 9.72% in the prior quarter.
- Across five years, FCF Margin topped out at 21.97% in Q3 2024 and bottomed at 14.61% in Q4 2022.
- Historically, FCF Margin has averaged 11.58% across 5 years, with a median of 12.02% in 2024.
- Annual changes were most pronounced in 2022 — FCF Margin slumped 2257 bps — and 2023, when it jumped 2485 bps.
- Icon's FCF Margin stood at 14.61% in 2022, then soared by 170 bps to 10.23% in 2023, then tumbled by 70 bps to 3.11% in 2024, then soared by 595 bps to 21.6% in 2025, then fell by 27 bps to 15.69% in 2026.
- Business Quant data shows ICLR's FCF Margin at 15.69% in Q2 2026, 9.72% in Q1 2026, and 21.6% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 213.88 Bn | 209.81 Bn | 8.34 Bn | 13.97% |
| 2 | Danaher | 140.65 Bn | 136.30 Bn | 3.61 Bn | 20.19% |
| 3 | Idexx Laboratories | 46.02 Bn | 45.83 Bn | 779.09 Mn | 26.51% |
| 4 | Agilent Technologies | 39.85 Bn | 38.05 Bn | 990.00 Mn | 10.95% |
| 5 | Iqvia Holdings | 39.20 Bn | 37.12 Bn | 1.44 Bn | 8.24% |
| 6 | Natera | 38.80 Bn | 37.70 Bn | 696.04 Mn | 2.59% |
| 7 | Illumina | 30.11 Bn | 28.94 Bn | 770.00 Mn | 13.89% |
| 8 | Mettler Toledo International | 28.66 Bn | 28.61 Bn | 650.22 Mn | 27.51% |
| 9 | Quest Diagnostics | 26.24 Bn | 25.61 Bn | 1.03 Bn | 15.08% |
| 10 | Icon | 12.52 Bn | 12.52 Bn | 479.29 Mn | 15.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 15.69% |
| Mar 31, 2026 | 9.72% |
| Sep 30, 2025 | 21.60% |
| Jun 30, 2025 | 8.75% |
| 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% |