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

203.49 1.84 +0.91%
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) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, ICON PLC (ICLR) trades at a price to free cash flow of 18.1×. Over the past ten years it has ranged from 7.3× (February 2026) to 57.2× (August 2023); the current reading is higher than 28% of that period. That is below the Diagnostics & Research industry median of 33.5× and below the Healthcare sector median of 21.1×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 16.6× 7.21%
FY2024 15.5× (31.56%)
FY2023 22.6× (39.71%)
FY2022 37.5× 32.61%
FY2021 28.3× 44.55%
FY2020 19.6× (23.72%)
FY2019 25.6× (19.27%)
FY2018 31.8× 73.37%
FY2017 18.3× (3.90%)
FY2016 19.1× (4.25%)

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 15.3× 1.03%
Jun 2026 15.1× 35.26%
Mar 2026 11.2× (32.64%)
Dec 2025 16.6× 18.05%
43 more quarters

Against its own ten years

Low 7.3× High 57.2×
Ten-year median 21.3×
Current reading's percentile 28

Price to free cash flow against peers

Company Price to free cash flow
GH Guardant Health, Inc. compare n/m
ICLR ICON PLC 18.1×
DGX Quest Diagnostics Incorporated compare 20.3×
QGEN QIAGEN N.V. compare 23.8×
LH Labcorp Holdings Inc. compare 25.4×
MEDP Medpace Holdings, Inc. compare 26.6×
RVTY Revvity Inc. compare 28.2×
ILMN Illumina, Inc. compare 30.4×
CRL Charles River Laboratories International, Inc. compare 37.6×
Diagnostics & Research industry median 33.5×
Healthcare sector median 21.1×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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