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| Date | Value |
|---|---|
| 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% |