Icon (ICLR) Free Cash Flow (2009 - 2026)
Icon (ICLR) posted Free Cash Flow of $307.15 million for the quarter ended Sep 30, 2026, down 8.0% from $333.9 million a year earlier but up 28.6% from the prior quarter.
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Icon (ICLR) Free Cash Flow (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Free Cash Flow at Icon was $857.06 million, down 11.1% year-over-year; for the year ended Dec 31, 2025, it was $861.99 million, down 22.9% from the prior year.
- Annual Free Cash Flow shows a five-year compound annual growth rate of 10.3% (years ended Dec 2020 to Dec 2025).
- In prior years, Icon's Free Cash Flow was $1.12 billion in the year ended Dec 31, 2024 (+9.6%), $1.02 billion in the year ended Dec 31, 2023 (+142.3%), $421.16 million in the year ended Dec 31, 2022 (-42.7%) and $735.39 million in the year ended Dec 31, 2021 (+39.5%).
- Quarterly Free Cash Flow has run from a low of -$116.44 million in the quarter ended Dec 31, 2022 to a high of $387.42 million in the quarter ended Dec 31, 2023 over five years.
- On a year-over-year basis, Free Cash Flow increased in 1 of the last eight quarters, with an average decline of 9.0%.
- The strongest year-over-year quarter for Free Cash Flow in the past five years was the quarter ended Jun 30, 2026, with growth of 109.7%; the weakest was the quarter ended Mar 31, 2026, with a decline of 43.1%.
- According to Business Quant data, Free Cash Flow for the three prior quarters was $238.85 million (quarter ended Jun 30, 2026), $136.24 million (quarter ended Mar 31, 2026) and $174.83 million (quarter ended Dec 31, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Iqvia Holdings | 42.58 Bn | 33.96 Bn | 1.50 Bn | 667.00 Mn |
| 2 | Medpace Holdings | 18.13 Bn | 15.77 Bn | 223.89 Mn | 196.44 Mn |
| 3 | Charles River Laboratories International | 16.15 Bn | 15.39 Bn | 363.37 Mn | 148.62 Mn |
| 4 | Icon | 15.71 Bn | 12.48 Bn | 491.83 Mn | 307.15 Mn |
| 5 | Fortrea Holdings | 1.93 Bn | 1.22 Bn | 139.50 Mn | 52.50 Mn |
| 6 | Ginkgo Bioworks Holdings | 627.55 Mn | -134.53 Mn | 18.44 Mn | -46.89 Mn |
| 7 | Evotec SE | 540.45 Mn | -1.07 Bn | - | - |
| 8 | Champions Oncology | 68.48 Mn | 44.13 Mn | 7.70 Mn | -547,000.00 |
| 9 | MindWalk Holdings | 51.38 Mn | 15.04 Mn | 1.61 Mn | -2.95 Mn |
| 10 | Natural Alternatives International | 6.45 Mn | -21.63 Mn | 1.73 Mn | -1.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 307.15 Mn |
| Jun 30, 2026 | 238.85 Mn |
| Mar 31, 2026 | 136.24 Mn |
| Dec 31, 2025 | 174.83 Mn |
| Sep 30, 2025 | 333.90 Mn |
| Jun 30, 2025 | 113.92 Mn |
| Mar 31, 2025 | 239.33 Mn |
| Dec 31, 2024 | 277.03 Mn |
| Sep 30, 2024 | 359.34 Mn |
| Jun 30, 2024 | 182.30 Mn |
| Mar 31, 2024 | 299.92 Mn |
| Dec 31, 2023 | 387.42 Mn |
| Sep 30, 2023 | 312.42 Mn |
| Jun 30, 2023 | 171.75 Mn |
| Mar 31, 2023 | 148.76 Mn |
| Dec 31, 2022 | -116.44 Mn |
| Sep 30, 2022 | 176.47 Mn |
| Jun 30, 2022 | 153.84 Mn |
| Mar 31, 2022 | 207.28 Mn |
| Dec 31, 2021 | 242.14 Mn |
API Access
Icon Free Cash Flow 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=free-cash-flow&ticker=ICLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=ICLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();