Icon (ICLR) Free Cash Flow (2009 - 2026)
Icon (ICLR) posted quarterly Free Cash Flow of $323.7 million for Q2 2026, up 81.36% year-over-year from $178.5 million in Q2 2025, and up 63.67% quarter-over-quarter from $197.8 million in Q1 2026.
Icon (ICLR) Free Cash Flow (2009 - 2026) Analysis & Trends
Icon (ICLR) has reported Free Cash Flow for 18 consecutive years, with $323.7 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Free Cash Flow rose 81.36% year-over-year to $323.7 million; the TTM figure through Jun 2026 stood at $907.8 million (down 7.84% YoY), while the FY2025 annual figure was $862.0 million, down 22.94% from the prior year.
- Free Cash Flow grew to $323.7 million in Q2 2026 per ICLR's latest filing, from $197.8 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $446.0 million in Q3 2024 and bottomed at -$286.7 million in Q4 2022.
- Historically, Free Cash Flow has averaged $219.1 million across 5 years, with a median of $241.3 million in 2022.
- Annual changes were most pronounced in 2022 — Free Cash Flow plunged 291.15% — and 2023, when it surged 173.75%.
- Icon's Free Cash Flow stood at -$286.7 million in 2022, then surged by 173.75% to $211.5 million in 2023, then sank by 69.98% to $63.5 million in 2024, then tumbled by 186.54% to -$54.9 million in 2025, then surged by 689.21% to $323.7 million in 2026.
- Business Quant data shows ICLR's Free Cash Flow at $323.7 million in Q2 2026, $197.8 million in Q1 2026, and -$54.9 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 213.88 Bn | 209.81 Bn | 8.34 Bn | 1.68 Bn |
| 2 | Danaher | 140.65 Bn | 136.30 Bn | 3.61 Bn | 1.27 Bn |
| 3 | Idexx Laboratories | 46.02 Bn | 45.83 Bn | 779.09 Mn | 322.52 Mn |
| 4 | Agilent Technologies | 39.85 Bn | 38.05 Bn | 990.00 Mn | 201.00 Mn |
| 5 | Iqvia Holdings | 39.20 Bn | 37.12 Bn | 1.44 Bn | 360.00 Mn |
| 6 | Natera | 38.80 Bn | 37.70 Bn | 696.04 Mn | 18.03 Mn |
| 7 | Illumina | 30.11 Bn | 28.94 Bn | 770.00 Mn | 161.00 Mn |
| 8 | Mettler Toledo International | 28.66 Bn | 28.61 Bn | 650.22 Mn | 282.62 Mn |
| 9 | Quest Diagnostics | 26.24 Bn | 25.61 Bn | 1.03 Bn | 459.00 Mn |
| 10 | Icon | 12.52 Bn | 12.52 Bn | 479.29 Mn | 323.69 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 323.69 Mn |
| Jun 30, 2026 | 323.69 Mn |
| Mar 31, 2026 | 197.78 Mn |
| Mar 31, 2026 | 197.78 Mn |
| Dec 31, 2025 | -54.94 Mn |
| Dec 31, 2025 | -54.94 Mn |
| Sep 30, 2025 | 441.30 Mn |
| Sep 30, 2025 | 441.30 Mn |
| Jun 30, 2025 | 178.48 Mn |
| Jun 30, 2025 | 178.48 Mn |
| Mar 31, 2025 | 297.15 Mn |
| Mar 31, 2025 | 297.15 Mn |
| Dec 31, 2024 | 63.48 Mn |
| Dec 31, 2024 | 63.48 Mn |
| Sep 30, 2024 | 446.01 Mn |
| Sep 30, 2024 | 446.01 Mn |
| Jun 30, 2024 | 254.88 Mn |
| Jun 30, 2024 | 254.88 Mn |
| Mar 31, 2024 | 354.23 Mn |
| Mar 31, 2024 | 354.23 Mn |