Icon (ICLR) Gross Margin (2009 - 2026)
Icon's Gross Margin was 24.29% in the quarter ended Sep 30, 2026, down 1.88 percentage points from 26.17% a year earlier but up 1.06 percentage points from the prior quarter.
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Analysis
Icon (ICLR) Gross Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Icon's Gross Margin was 23.43% through Sep 30, 2026, down 4.12 percentage points year-over-year; for the year ended Dec 31, 2025, it was 26.37%, down 2.59 percentage points from the prior year.
- Gross Margin shows a five-year change of -2.85 percentage points (years ended Dec 2020 to Dec 2025).
- In earlier years, Gross Margin was 28.95% in the year ended Dec 31, 2024 (+28.74 pp), 0.21% in the year ended Dec 31, 2023 (-28.40 pp), 28.60% in the year ended Dec 31, 2022 (+1.09 pp) and 27.52% in the year ended Dec 31, 2021 (-1.70 pp).
- Quarterly Gross Margin has moved between 22.76% (the quarter ended Dec 31, 2025) and 29.63% (the quarter ended Dec 31, 2022) over five years.
- Compared with a year earlier, Gross Margin has declined for nine straight quarters, with an average year-over-year change of -2.87 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was the quarter ended Mar 31, 2023 (a gain of 1.95 percentage points); the worst was the quarter ended Jun 30, 2026 (a drop of 5.38 percentage points).
- Per Business Quant data, ICLR's Gross Margin in the three quarters before the quarter ended Sep 30, 2026 was 23.23% (quarter ended Jun 30, 2026), 23.50% (quarter ended Mar 31, 2026) and 22.76% (quarter ended Dec 31, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Iqvia Holdings | 42.58 Bn | 33.96 Bn | 1.50 Bn | 33.83% |
| 2 | Medpace Holdings | 18.13 Bn | 15.77 Bn | 223.89 Mn | 31.27% |
| 3 | Charles River Laboratories International | 16.15 Bn | 15.39 Bn | 363.37 Mn | 36.19% |
| 4 | Icon | 15.71 Bn | 12.48 Bn | 491.83 Mn | 24.29% |
| 5 | Fortrea Holdings | 1.93 Bn | 1.22 Bn | 139.50 Mn | 20.17% |
| 6 | Ginkgo Bioworks Holdings | 627.55 Mn | -134.53 Mn | 18.44 Mn | 91.47% |
| 7 | Evotec SE | 540.45 Mn | -1.07 Bn | - | - |
| 8 | Champions Oncology | 68.48 Mn | 44.13 Mn | 7.70 Mn | 50.54% |
| 9 | MindWalk Holdings | 51.38 Mn | 15.04 Mn | 1.61 Mn | 58.58% |
| 10 | Natural Alternatives International | 6.45 Mn | -21.63 Mn | 1.73 Mn | 5.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 24.29% |
| Jun 30, 2026 | 23.23% |
| Mar 31, 2026 | 23.50% |
| Dec 31, 2025 | 22.76% |
| Sep 30, 2025 | 26.17% |
| Jun 30, 2025 | 28.61% |
| Mar 31, 2025 | 28.09% |
| Dec 31, 2024 | 27.40% |
| Sep 30, 2024 | 29.13% |
| Jun 30, 2024 | 29.55% |
| Mar 31, 2024 | 29.61% |
| Dec 31, 2023 | 28.44% |
| Sep 30, 2023 | 29.49% |
| Jun 30, 2023 | 29.24% |
| Mar 31, 2023 | 29.47% |
| Dec 31, 2022 | 29.63% |
| Sep 30, 2022 | 29.17% |
| Jun 30, 2022 | 28.07% |
| Mar 31, 2022 | 27.52% |
| Dec 31, 2021 | 28.00% |
API Access
Icon Gross 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=gross-margin&ticker=ICLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=ICLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();