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) Operating margin

Alert me on Operating margin

ICON PLC's operating margin over the twelve months to 30 September 2026 was 8.72%, up 3.4 percentage points from fiscal 2025 (5.37%). Over the past ten years it has ranged from 5.37% (fiscal 2025) to 19.2% (fiscal 2017) — the current reading is the lowest in ten years. That is above the Diagnostics & Research industry median of −5.68% and above the Healthcare sector median of 0.00%.

Operating margin, annual

Embed this chart

Annual newest first

Period Operating margin Change (points)
FY2025 5.37% (7.24)
FY2024 12.6% 0.83
FY2023 11.8% 1.51
FY2022 10.3% 3.36
FY2021 6.91% (7.09)
FY2020 14.0% (1.45)
FY2019 15.5% 1.07
FY2018 14.4% (4.86)
FY2017 19.2% 0.54
FY2016 18.7% 0.82

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 9.82% 3.14
Jun 2026 6.68% (1.86)
Mar 2026 8.54% (1.30)
Dec 2025 9.84% 20.53
43 more quarters

Against its own ten years

Low 5.37% High 19.2%
Ten-year median 14.0%
Current reading's percentile 21

Operating margin against peers

Company Operating margin
MEDP Medpace Holdings, Inc. compare 21.4%
QGEN QIAGEN N.V. compare 21.2%
ILMN Illumina, Inc. compare 21.2%
DGX Quest Diagnostics Incorporated compare 14.6%
RVTY Revvity Inc. compare 12.7%
LH Labcorp Holdings Inc. compare 10.3%
ICLR ICON PLC 8.72%
CRL Charles River Laboratories International, Inc. compare 4.00%
GH Guardant Health, Inc. compare −39.4%
Diagnostics & Research industry median −5.68%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on ICLR