Icon (ICLR) FCF Margin (2009 - 2026)
Icon's FCF Margin was 15.17% in the quarter ended Sep 30, 2026, down 0.85 percentage points from 16.02% a year earlier but up 3.59 percentage points from the prior quarter.
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Analysis
Icon (ICLR) FCF Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Icon's FCF Margin was 10.41% through Sep 30, 2026, down 1.51 percentage points year-over-year; for the year ended Dec 31, 2025, it was 10.45%, down 3.21 percentage points from the prior year.
- FCF Margin shows a five-year change of -8.40 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, FCF Margin was 13.66% in the year ended Dec 31, 2024 (+0.99 pp), 12.67% in the year ended Dec 31, 2023 (+7.23 pp), 5.44% in the year ended Dec 31, 2022 (-7.98 pp) and 13.42% in the year ended Dec 31, 2021 (-5.43 pp).
- Quarterly FCF Margin has moved between -5.93% (the quarter ended Dec 31, 2022) and 19.36% (the quarter ended Dec 31, 2023) over five years.
- Compared with a year earlier, FCF Margin was higher in 1 of the last eight quarters, with an average year-over-year change of -2.29 percentage points.
- The best year-over-year quarter for FCF Margin over five years was the quarter ended Dec 31, 2023 (a gain of 25.30 percentage points); the worst was the quarter ended Dec 31, 2022 (a drop of 18.78 percentage points).
- Per Business Quant data, ICLR's FCF Margin in the three quarters before the quarter ended Sep 30, 2026 was 11.57% (quarter ended Jun 30, 2026), 6.70% (quarter ended Mar 31, 2026) and 8.28% (quarter ended Dec 31, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Iqvia Holdings | 42.58 Bn | 33.96 Bn | 1.50 Bn | 15.06% |
| 2 | Medpace Holdings | 18.13 Bn | 15.77 Bn | 223.89 Mn | 27.44% |
| 3 | Charles River Laboratories International | 16.15 Bn | 15.39 Bn | 363.37 Mn | 14.80% |
| 4 | Icon | 15.71 Bn | 12.48 Bn | 491.83 Mn | 15.17% |
| 5 | Fortrea Holdings | 1.93 Bn | 1.22 Bn | 139.50 Mn | 7.59% |
| 6 | Ginkgo Bioworks Holdings | 627.55 Mn | -134.53 Mn | 18.44 Mn | -232.65% |
| 7 | Evotec SE | 540.45 Mn | -1.07 Bn | - | - |
| 8 | Champions Oncology | 68.48 Mn | 44.13 Mn | 7.70 Mn | -3.59% |
| 9 | MindWalk Holdings | 51.38 Mn | 15.04 Mn | 1.61 Mn | -107.46% |
| 10 | Natural Alternatives International | 6.45 Mn | -21.63 Mn | 1.73 Mn | -4.94% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 15.17% |
| Jun 30, 2026 | 11.57% |
| Mar 31, 2026 | 6.70% |
| Dec 31, 2025 | 8.28% |
| Sep 30, 2025 | 16.02% |
| Jun 30, 2025 | 5.59% |
| Mar 31, 2025 | 11.88% |
| Dec 31, 2024 | 14.22% |
| Sep 30, 2024 | 17.70% |
| Jun 30, 2024 | 8.60% |
| Mar 31, 2024 | 14.35% |
| Dec 31, 2023 | 19.36% |
| Sep 30, 2023 | 15.20% |
| Jun 30, 2023 | 8.50% |
| Mar 31, 2023 | 7.52% |
| Dec 31, 2022 | -5.93% |
| Sep 30, 2022 | 9.09% |
| Jun 30, 2022 | 7.95% |
| Mar 31, 2022 | 10.90% |
| Dec 31, 2021 | 12.84% |
API Access
Icon FCF Margin 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=fcf-margin&ticker=ICLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=ICLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();