Immunocore Holdings (IMCR) FCF Margin (2023 - 2026)

Immunocore Holdings' (IMCR) quarterly FCF Margin came in at 14.58% in Q1 2026, down 1473.0% year-on-year from 1.06% in Q1 2025, and up 57.13% quarter-over-quarter from 34.01% in Q4 2025.

Immunocore Holdings (IMCR) FCF Margin (2023 - 2026) Analysis & Trends

Immunocore Holdings has disclosed FCF Margin across 4 years of filings, most recently posting 14.58% for Q1 2026.

  • FCF Margin for Q1 2026 came in at 14.58%, down 1473.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 7.45% (down 1525.0% YoY), and the FY2025 annual result was 3.76%, down 1050.0% from the prior year.
  • FCF Margin came in at 14.58% for Q1 2026 at Immunocore Holdings, up from 34.01% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 30.69% in Q2 2024 to a low of 34.01% in Q4 2025.
  • The 4-year median for FCF Margin is 2.26% (2023), against an average of 0.07%.
  • Across the five-year window, FCF Margin jumped 3295 bps in 2024 and plunged 3031 bps in 2025, its largest moves.
  • Immunocore Holdings' FCF Margin stood at 26.44% in 2023, then increased by 21 bps to 20.86% in 2024, then tumbled by 63 bps to 34.01% in 2025, then jumped by 57 bps to 14.58% in 2026.
  • The last three FCF Margin figures came in at 14.58% (Q1 2026), 34.01% (Q4 2025), and 5.02% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Alterity Therapeutics 767,934.24 Bn 767,934.20 Bn - -
2 Belite Bio 55,234.00 Bn 55,234.00 Bn - -
3 Quantum Biopharma 17,823.14 Bn 17,823.14 Bn - -
4 Legend Biotech 3,624.50 Bn 3,624.21 Bn 242.10 Mn -3.98%
5 Akari Therapeutics 1,745.73 Bn 1,745.73 Bn - -
6 Evaxion A 1,540.85 Bn 1,540.84 Bn - -
7 Psyence Biomedical 229.39 Bn 229.38 Bn - -
8 Vertex Pharmaceuticals 112.57 Bn 105.33 Bn 2.59 Bn 43.35%
9 Abivax 93.46 Bn 93.46 Bn - -
10 Immunocore Holdings 1.46 Bn 616.35 Mn 106.24 Mn -14.58%

Historic Data

Download Data
DateValue
Mar 31, 2026 -14.58%
Dec 31, 2025 -34.01%
Sep 30, 2025 -5.02%
Jun 30, 2025 26.08%
Mar 31, 2025 0.15%
Dec 31, 2024 -20.86%
Sep 30, 2024 25.30%
Jun 30, 2024 30.69%
Mar 31, 2024 -7.12%
Dec 31, 2023 -26.44%
Sep 30, 2023 15.23%
Jun 30, 2023 -2.26%
Mar 31, 2023 13.79%