Icon (ICLR) Operating Margin (2009 - 2025)
Icon (ICLR) reported Operating Margin of 3.31% for Q4 2025, down 1786.0% year-over-year from 0.2% in Q4 2024, and down 178.12% quarter-over-quarter from 4.24% in Q3 2025.
Icon (ICLR) Operating Margin (2009 - 2025) Analysis & Trends
Icon (ICLR) has 17 years of Operating Margin data on file, last reported at 3.31% in Q4 2025.
- Operating Margin for Q4 2025 came in at 3.31%, down 1786.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 5.37% (down 765.0% YoY), and the FY2025 annual result was 5.37%, down 1205.0% from the prior year.
- Operating Margin retreated to 3.31% in Q4 2025 per ICLR's latest filing, from 4.24% in the prior quarter.
- Over five years, Operating Margin peaked at 14.55% in Q4 2024 and troughed at 3.31% in Q4 2025.
- A 5-year average of 9.73% and a median of 10.65% in 2024 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2022 and 2025: Operating Margin jumped 1227 bps in 2022, then slumped 1786 bps in 2025.
- A 5-year view of Operating Margin shows it stood at 7.67% in 2021, then jumped by 35 bps to 10.37% in 2022, then climbed by 24 bps to 12.85% in 2023, then increased by 13 bps to 14.55% in 2024, then plunged by 123 bps to 3.31% in 2025.
- Business Quant data shows ICLR's Operating Margin at 3.31% in Q4 2025, 4.24% in Q3 2025, and 10.37% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 30,529.42 Bn | 30,528.96 Bn | 1.11 Bn | -3.71% |
| 2 | Thermo Fisher Scientific | 183.75 Bn | 180.50 Bn | 7.74 Bn | 16.93% |
| 3 | Danaher | 133.13 Bn | 127.43 Bn | 3.59 Bn | 22.58% |
| 4 | Idexx Laboratories | 46.14 Bn | 45.94 Bn | 722.74 Mn | 31.78% |
| 5 | Agilent Technologies | 38.20 Bn | 36.39 Bn | 990.00 Mn | 21.74% |
| 6 | Natera | 31.50 Bn | 30.40 Bn | 696.04 Mn | -13.42% |
| 7 | Iqvia Holdings | 31.34 Bn | 29.36 Bn | 1.36 Bn | 12.38% |
| 8 | Illumina | 24.51 Bn | 23.36 Bn | 721.00 Mn | 19.16% |
| 9 | Mettler Toledo International | 23.53 Bn | 23.47 Bn | 555.82 Mn | 25.23% |
| 10 | Icon | 11.96 Bn | 11.31 Bn | 500.89 Mn | -3.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -3.31% |
| Sep 30, 2025 | 4.24% |
| Jun 30, 2025 | 10.37% |
| Mar 31, 2025 | 10.97% |
| Dec 31, 2024 | 14.55% |
| Sep 30, 2024 | 14.06% |
| Jun 30, 2024 | 10.84% |
| Mar 31, 2024 | 10.46% |
| Dec 31, 2023 | 12.85% |
| Sep 30, 2023 | 12.86% |
| Jun 30, 2023 | 10.37% |
| Mar 31, 2023 | 10.96% |
| Dec 31, 2022 | 10.37% |
| Sep 30, 2022 | 12.55% |
| Jun 30, 2022 | 9.19% |
| Mar 31, 2022 | 8.96% |
| Dec 31, 2021 | 7.67% |
| Sep 30, 2021 | 0.27% |
| Jun 30, 2021 | 12.96% |
| Mar 31, 2021 | 13.52% |