Icon (ICLR) FCF Margin (2009 - 2025)
Icon (ICLR) reported FCF Margin of 2.51% for Q4 2025, down 111.61% quarter-over-quarter from 21.6% in Q3 2025.
Icon (ICLR) FCF Margin (2009 - 2025) Analysis & Trends
Icon (ICLR) has 17 years of FCF Margin data on file, last reported at 2.51% in Q4 2025.
- FCF Margin for Q4 2025 came in at 2.51%, changed N/A year-over-year; the trailing twelve-month figure through Dec 2025 was 10.45% (down 229.0% YoY), and the FY2025 annual result was 10.45%, down 1007.0% from the prior year.
- FCF Margin slipped to 2.51% in Q4 2025 per ICLR's latest filing, from 21.6% in the prior quarter.
- Over five years, FCF Margin peaked at 21.97% in Q3 2024 and troughed at 14.61% in Q4 2022.
- A 5-year average of 11.66% and a median of 12.93% in 2022 frame the typical range for FCF Margin.
- The sharpest annual moves came in 2022 and 2023: FCF Margin slumped 2257 bps in 2022, then jumped 2485 bps in 2023.
- A 5-year view of FCF Margin shows it stood at 7.96% in 2021, then tumbled by 284 bps to 14.61% in 2022, then surged by 170 bps to 10.23% in 2023, then jumped by 115 bps to 21.97% in 2024, then plunged by 111 bps to 2.51% in 2025.
- Business Quant data shows ICLR's FCF Margin at 2.51% in Q4 2025, 21.6% in Q3 2025, and 8.85% in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 30,529.42 Bn | 30,528.96 Bn | 1.11 Bn | -3.31% |
| 2 | Thermo Fisher Scientific | 183.75 Bn | 180.50 Bn | 7.74 Bn | 7.41% |
| 3 | Danaher | 133.13 Bn | 127.43 Bn | 3.59 Bn | 18.23% |
| 4 | Idexx Laboratories | 46.14 Bn | 45.94 Bn | 722.74 Mn | 22.61% |
| 5 | Agilent Technologies | 38.20 Bn | 36.39 Bn | 990.00 Mn | 10.95% |
| 6 | Natera | 31.50 Bn | 30.40 Bn | 696.04 Mn | 2.59% |
| 7 | Iqvia Holdings | 31.34 Bn | 29.36 Bn | 1.36 Bn | 11.83% |
| 8 | Illumina | 24.51 Bn | 23.36 Bn | 721.00 Mn | 23.01% |
| 9 | Mettler Toledo International | 23.53 Bn | 23.47 Bn | 555.82 Mn | 12.92% |
| 10 | Icon | 11.96 Bn | 11.31 Bn | 500.89 Mn | -2.51% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -2.51% |
| Sep 30, 2025 | 21.60% |
| Jun 30, 2025 | 8.85% |
| Mar 31, 2025 | 14.85% |
| 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% |
| Dec 31, 2020 | 16.64% |