Icon (ICLR) FCF Margin (2009 - 2026)
Icon's FCF Margin was 15.69% in the quarter ended Jun 30, 2026, up 6.93 percentage points from 8.75% a year earlier and up 5.96 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 18.80% through Jun 30, 2026, down 0.68 percentage points year-over-year; for the year ended Dec 31, 2025, it was 18.25%, down 2.76 percentage points from the prior year.
- FCF Margin shows a five-year change of -3.52 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, FCF Margin was 21.00% in the year ended Dec 31, 2024 (+4.84 pp), 16.16% in the year ended Dec 31, 2023 (+7.05 pp), 9.11% in the year ended Dec 31, 2022 (-7.73 pp) and 16.84% in the year ended Dec 31, 2021 (-4.93 pp).
- Quarterly FCF Margin has moved between -0.12% (the quarter ended Dec 31, 2022) and 32.24% (the quarter ended Dec 31, 2024) over five years.
- Compared with a year earlier, FCF Margin was higher in three of the last eight quarters, with an average year-over-year change of +0.47 percentage points.
- The best year-over-year quarter for FCF Margin over five years was the quarter ended Dec 31, 2023 (a gain of 24.27 percentage points); the worst was the quarter ended Dec 31, 2022 (a drop of 18.03 percentage points).
- Per Business Quant data, ICLR's FCF Margin in the three quarters before the quarter ended Jun 30, 2026 was 9.72% (quarter ended Mar 31, 2026), 27.86% (quarter ended Dec 31, 2025) and 21.60% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Iqvia Holdings | 43.58 Bn | 35.28 Bn | 1.44 Bn | 8.24% |
| 2 | Medpace Holdings | 17.39 Bn | 15.45 Bn | 201.64 Mn | 19.52% |
| 3 | Charles River Laboratories International | 14.59 Bn | 13.78 Bn | 363.37 Mn | 14.80% |
| 4 | Icon | 13.27 Bn | 10.38 Bn | 479.29 Mn | 11.57% |
| 5 | Fortrea Holdings | 2.03 Bn | 1.41 Bn | 139.20 Mn | 2.93% |
| 6 | Ginkgo Bioworks Holdings | 716.57 Mn | -45.52 Mn | 18.44 Mn | -232.65% |
| 7 | Evotec SE | 506.10 Mn | -1.10 Bn | - | - |
| 8 | Champions Oncology | 66.85 Mn | 41.93 Mn | 7.70 Mn | -3.59% |
| 9 | MindWalk Holdings | 63.92 Mn | 27.58 Mn | 1.61 Mn | -107.46% |
| 10 | Natural Alternatives International | 6.75 Mn | -21.33 Mn | 1.73 Mn | -4.94% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.57% |
| Mar 31, 2026 | 6.70% |
| Dec 31, 2025 | 7.98% |
| Sep 30, 2025 | 16.35% |
| 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% |
| Sep 30, 2021 | 14.71% |
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();