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| Date | Value |
|---|---|
| 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% |