ICON PLC

ICLR Healthcare Diagnostics & Research

ICON PLC’s revenue for fiscal 2025 (year ended December 2025) was $8.3 billion, up 0.76% from fiscal 2024.

Revenue
−2.86%
EPS
+143.2%
Free cash flow
−8.01%
Total debt
−0.86%

Quarter to September 2026, against a year earlier

201.62 1.49 −0.73%
Market cap
$15.1B
P/E
34.5×
Fwd P/E
34.6×
Dividend yield
—
F-score
6/9
Altman Z
2.01
Beneish M
−2.62
Dividend safety
n/a

ICON PLC (ICLR) Gross margin

Alert me on Gross margin

ICON PLC's gross margin over the twelve months to 30 September 2026 was 23.4%, down 2.9 percentage points from fiscal 2025 (26.4%). Over the past ten years it has ranged from 26.4% (fiscal 2025) to 42.3% (fiscal 2016) — the current reading is the lowest in ten years. That is below the Diagnostics & Research industry median of 48.3% and below the Healthcare sector median of 53.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 26.4% (2.58)
FY2024 29.0% (0.61)
FY2023 29.6% 0.96
FY2022 28.6% 1.08
FY2021 27.5% (1.70)
FY2020 29.2% (0.42)
FY2019 29.6% (0.31)
FY2018 30.0% (11.63)
FY2017 41.6% (0.73)
FY2016 42.3% 0.02

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 24.3% 1.06
Jun 2026 23.2% (0.27)
Mar 2026 23.5% 0.74
Dec 2025 22.8% (3.41)
43 more quarters

Against its own ten years

Low 26.4% High 42.3%
Ten-year median 29.6%
Current reading's percentile 2

Gross margin against peers

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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