Icon (ICLR) Return on Invested Capital [ROIC] (2009 - 2026)
Icon (ICLR) recorded Return on Invested Capital [ROIC] of 4.75% in the quarter ended Sep 30, 2026, up 1.06 percentage points from 3.69% a year earlier and up 3.83 percentage points from the prior quarter.
Icon (ICLR) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Icon reported Return on Invested Capital [ROIC] of 3.16%, down 4.18 percentage points from the prior year.
- Annual Return on Invested Capital [ROIC] has a five-year change of -13.27 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 7.34% in the year ended Dec 31, 2024 (+0.64 pp), 6.70% in the year ended Dec 31, 2023 (+1.36 pp), 5.34% in the year ended Dec 31, 2022 (+1.53 pp) and 3.81% in the year ended Dec 31, 2021 (-12.62 pp).
- The figure for the quarter ended Sep 30, 2026 is the highest quarterly Return on Invested Capital [ROIC] since the quarter ended Jun 30, 2025.
- On a year-over-year basis, Return on Invested Capital [ROIC] rose in three of the last eight quarters, with an average year-over-year change of -2.07 percentage points.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 3.24 percentage points in the quarter ended Dec 31, 2022, against a drop of 13.89 percentage points in the quarter ended Dec 31, 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 0.91% (quarter ended Jun 30, 2026), 2.69% (quarter ended Mar 31, 2026) and 3.22% (quarter ended Dec 31, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Iqvia Holdings | 44.71 Bn | 35.96 Bn | 1.50 Bn | 8.22% |
| 2 | Medpace Holdings | 18.26 Bn | 15.91 Bn | 223.89 Mn | - |
| 3 | Charles River Laboratories International | 16.16 Bn | 15.36 Bn | 357.87 Mn | 0.00% |
| 4 | Icon | 16.06 Bn | 12.83 Bn | 491.83 Mn | 4.75% |
| 5 | Fortrea Holdings | 2.10 Bn | 1.39 Bn | 139.50 Mn | 0.81% |
| 6 | Ginkgo Bioworks Holdings | 699.49 Mn | -62.59 Mn | 18.44 Mn | - |
| 7 | Evotec SE | 601.99 Mn | -1.16 Bn | - | - |
| 8 | Champions Oncology | 66.71 Mn | 41.80 Mn | 7.70 Mn | - |
| 9 | MindWalk Holdings | 48.93 Mn | 12.59 Mn | 1.61 Mn | - |
| 10 | Natural Alternatives International | 6.57 Mn | -21.51 Mn | 1.73 Mn | -24.93% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 4.75% |
| Jun 30, 2026 | 0.91% |
| Mar 31, 2026 | 2.69% |
| Dec 31, 2025 | 3.22% |
| Sep 30, 2025 | 3.69% |
| Jun 30, 2025 | 7.45% |
| Mar 31, 2025 | 7.02% |
| Dec 31, 2024 | 7.28% |
| Sep 30, 2024 | 7.07% |
| Jun 30, 2024 | 7.15% |
| Mar 31, 2024 | 7.14% |
| Dec 31, 2023 | 6.74% |
| Sep 30, 2023 | 6.21% |
| Jun 30, 2023 | 6.00% |
| Mar 31, 2023 | 5.73% |
| Dec 31, 2022 | 5.43% |
| Sep 30, 2022 | 4.94% |
| Jun 30, 2022 | 3.19% |
| Mar 31, 2022 | 2.64% |
| Dec 31, 2021 | 2.18% |
Icon Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=ICLR&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=ICLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();