Icon (ICLR) Invested Capital (2009 - 2026)
Icon's Invested Capital was $12.51 billion in the quarter ended Sep 30, 2026, up 0.8% from $12.4 billion a year earlier but down 2.1% from the prior quarter.
Powered by 
Analysis
Icon (ICLR) Invested Capital (2009 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Invested Capital at Icon came in at $12.6 billion, down 2.1% from the prior year.
- Invested Capital has now declined for four consecutive years, though with a five-year compound annual growth rate of 41.8% (years ended Dec 2020 to Dec 2025).
- In earlier years, Invested Capital was $12.87 billion in the year ended Dec 31, 2024 (-0.9%), $12.99 billion in the year ended Dec 31, 2023 (-1.3%), $13.15 billion in the year ended Dec 31, 2022 (-2.6%) and $13.5 billion in the year ended Dec 31, 2021 (+514.1%).
- Quarterly Invested Capital has moved between $12.4 billion (the quarter ended Sep 30, 2025) and $13.5 billion (the quarter ended Dec 31, 2021) over five years.
- Compared with a year earlier, Invested Capital was higher in 1 of the last eight quarters, with an average decline of 1.5%.
- The best year-over-year quarter for Invested Capital over five years was the quarter ended Dec 31, 2021 (growth of 514.1%); the worst was the quarter ended Sep 30, 2025 (a decline of 6.1%).
- Per Business Quant data, ICLR's Invested Capital in the three quarters before the quarter ended Sep 30, 2026 was $12.77 billion (quarter ended Jun 30, 2026), $12.7 billion (quarter ended Mar 31, 2026) and $12.6 billion (quarter ended Dec 31, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Iqvia Holdings | 43.52 Bn | 34.77 Bn | 1.50 Bn | 22.86 Bn |
| 2 | Medpace Holdings | 18.33 Bn | 15.97 Bn | 223.89 Mn | - |
| 3 | Icon | 15.92 Bn | 12.69 Bn | 491.83 Mn | 12.51 Bn |
| 4 | Charles River Laboratories International | 15.79 Bn | 14.99 Bn | 363.37 Mn | 5.47 Bn |
| 5 | Fortrea Holdings | 1.99 Bn | 1.28 Bn | 139.50 Mn | 1.59 Bn |
| 6 | Ginkgo Bioworks Holdings | 729.92 Mn | -32.16 Mn | 18.44 Mn | - |
| 7 | Evotec SE | 555.82 Mn | -1.06 Bn | - | 1.30 Bn |
| 8 | Champions Oncology | 67.26 Mn | 42.35 Mn | 7.70 Mn | - |
| 9 | MindWalk Holdings | 48.24 Mn | 11.89 Mn | 1.61 Mn | - |
| 10 | Natural Alternatives International | 6.45 Mn | -21.63 Mn | 1.73 Mn | 68.65 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.51 Bn |
| Jun 30, 2026 | 12.77 Bn |
| Mar 31, 2026 | 12.70 Bn |
| Dec 31, 2025 | 12.60 Bn |
| Sep 30, 2025 | 12.40 Bn |
| Jun 30, 2025 | 12.91 Bn |
| Mar 31, 2025 | 12.85 Bn |
| Dec 31, 2024 | 12.87 Bn |
| Sep 30, 2024 | 13.21 Bn |
| Jun 30, 2024 | 13.02 Bn |
| Mar 31, 2024 | 12.93 Bn |
| Dec 31, 2023 | 12.99 Bn |
| Sep 30, 2023 | 13.00 Bn |
| Jun 30, 2023 | 13.11 Bn |
| Mar 31, 2023 | 13.14 Bn |
| Dec 31, 2022 | 13.15 Bn |
| Sep 30, 2022 | 13.09 Bn |
| Jun 30, 2022 | 13.19 Bn |
| Mar 31, 2022 | 13.21 Bn |
| Dec 31, 2021 | 13.50 Bn |
API Access
Icon Invested Capital 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=invested-capital&ticker=ICLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=ICLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();