ICLR - ICON PLC

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗	FY 2007 Dec 31, 2007 20-F ↗
Revenue Growth YoY (%)	0.8% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-85%)	0.8% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-83%)	4.9% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	41.2% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+725%)	95.9% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1819%)	-0.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-106%)	8.1% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+62%)	47.6% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+852%)	5.5% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+10%)	5.8% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+16%)	4.8% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	12.5% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+150%)	19.8% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+297%)	17.9% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+258%)	5.1% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	1.4% Caution Caution Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-72%)	2.6% Caution Caution Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-48%)	—	—
EPS Growth YoY (%)	-67.4% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	20.1% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	20.3% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	171.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-63.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-9.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	14.9% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	14.6% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	9.5% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	16.4% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	45.7% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	65.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	83.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	142.1% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-74.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-9.3% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	20.1% Good Good Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-69.0% Weak ↓ Weak Declining Year-over-year change in net income	20.7% Good ↓ Good Declining Year-over-year change in net income	21.2% Good ↓ Good Declining Year-over-year change in net income	229.9% Excellent ↑ Excellent Improving Year-over-year change in net income	-53.9% Weak ↓ Weak Declining Year-over-year change in net income	-11.1% Weak ↓ Weak Declining Year-over-year change in net income	15.9% Good ↑ Good Improving Year-over-year change in net income	14.6% Fair ↓ Fair Declining Year-over-year change in net income	7.4% Fair ↓ Fair Declining Year-over-year change in net income	9.5% Fair ↓ Fair Declining Year-over-year change in net income	38.9% Excellent ↓ Excellent Declining Year-over-year change in net income	67.8% Excellent ↑ Excellent Improving Year-over-year change in net income	85.5% Excellent ↑ Excellent Improving Year-over-year change in net income	142.2% Excellent ↑ Excellent Improving Year-over-year change in net income	-73.7% Weak ↓ Weak Declining Year-over-year change in net income	-7.7% Weak Weak Year-over-year change in net income	20.7% Good Good Year-over-year change in net income	—	—
FCF Growth YoY (%)	-19.0% Weak ↓ Weak Declining Year-over-year change in free cash flow	9.1% Fair ↓ Fair Declining Year-over-year change in free cash flow	140.6% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-52.9% Weak ↓ Weak Declining Year-over-year change in free cash flow	9.9% Fair ↓ Fair Declining Year-over-year change in free cash flow	48.4% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	65.1% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-34.9% Weak Weak Year-over-year change in free cash flow	59.4% Excellent Excellent Year-over-year change in free cash flow	—	—	-29.1% Weak Weak Year-over-year change in free cash flow	128.4% Excellent Excellent Year-over-year change in free cash flow	N/M	N/M	-74.9% Weak Weak Year-over-year change in free cash flow	1540.3% Excellent Excellent Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	2.1% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	14.3% Good ↓ Good Declining Compound annual revenue growth over 3 years	42.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	40.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	28.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	16.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	19.0% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	18.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	5.4% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	7.6% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	12.2% Good ↓ Good Declining Compound annual revenue growth over 3 years	16.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	14.1% Good ↑ Good Improving Compound annual revenue growth over 3 years	7.9% Fair Fair Compound annual revenue growth over 3 years	3.0% Caution Caution Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	24.2% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	23.9% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	25.6% Excellent → Excellent Stable Compound annual revenue growth over 5 years	34.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	26.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	12.2% Excellent → Excellent Stable Compound annual revenue growth over 5 years	13.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	14.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	9.5% Good ↓ Good Declining Compound annual revenue growth over 5 years	12.0% Good ↑ Good Improving Compound annual revenue growth over 5 years	11.8% Good ↑ Good Improving Compound annual revenue growth over 5 years	11.1% Good Good Compound annual revenue growth over 5 years	9.1% Good Good Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	-22.2% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	57.8% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	6.4% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	-3.3% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-27.4% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	6.0% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	13.0% Good ↓ Good Declining Compound annual EPS growth over 3 years	13.5% Good ↓ Good Declining Compound annual EPS growth over 3 years	22.9% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	41.1% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	64.3% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	94.6% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	5.0% Caution ↑ Caution Improving Compound annual EPS growth over 3 years	-17.0% Weak Weak Compound annual EPS growth over 3 years	-34.3% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗	FY 2007 Dec 31, 2007 20-F ↗
Operating Margin (%) (%)	5.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-55%)	12.6% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+5%)	11.8% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	10.3% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-14%)	6.9% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-42%)	14.0% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+17%)	15.4% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+29%)	14.4% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+20%)	19.2% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+60%)	18.7% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+56%)	17.9% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+49%)	13.5% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+12%)	9.1% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-24%)	6.1% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-49%)	3.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-74%)	10.2% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-15%)	12.1% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	11.5% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	—
Profit Margin (%) (%)	2.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-65%)	9.0% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+13%)	7.5% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-6%)	6.5% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-18%)	2.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-65%)	11.9% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+49%)	13.3% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+67%)	12.4% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+55%)	16.0% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+100%)	15.7% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+97%)	15.2% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+90%)	11.5% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+43%)	7.7% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	5.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-38%)	2.4% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-70%)	9.7% Caution → Caution Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+21%)	10.6% Fair Fair Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+33%)	9.0% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+13%)	—
FCF Margin (%) (%)	10.4% Fair → Fair Stable Free cash flow as a percentage of revenue Optimal: > 10%	13.7% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	12.6% Fair → Fair Stable Free cash flow as a percentage of revenue Optimal: > 10%	5.4% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	13.4% Fair → Fair Stable Free cash flow as a percentage of revenue Optimal: > 10%	18.8% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	12.9% Fair → Fair Stable Free cash flow as a percentage of revenue Optimal: > 10%	8.5% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	19.2% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	13.0% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	—	9.1% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	14.4% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	7.4% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	-1.6% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	6.3% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	24.9% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	1.5% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	3.76x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.51x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	1.67x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	0.83x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	4.80x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.59x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.97x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.68x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.20x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.83x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	—	0.80x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.86x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.49x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	-0.66x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.65x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.35x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	0.17x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗	FY 2007 Dec 31, 2007 20-F ↗
Return on Invested Capital (%)	2.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	6.4% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	5.8% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	4.8% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	2.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	14.1% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	21.2% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	25.8% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	22.4% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	26.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	29.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	16.8% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	10.5% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	7.1% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	3.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	10.9% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	14.8% Good Good Return earned on debt + equity capital invested Optimal: > 10%	17.2% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	2.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	6.2% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	5.6% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	4.6% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	2.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	11.4% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	14.9% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	15.9% Excellent → Excellent Stable Operating profit relative to total assets Optimal: > 10%	15.8% Excellent → Excellent Stable Operating profit relative to total assets Optimal: > 10%	17.1% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	16.4% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	13.2% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	8.4% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	5.7% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	2.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	9.7% Fair Fair Operating profit relative to total assets Optimal: > 10%	11.8% Good Good Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	2.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-83%)	7.8% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-48%)	6.6% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-56%)	5.9% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-60%)	1.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-87%)	18.0% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+20%)	23.1% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+54%)	28.2% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+88%)	23.6% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+58%)	27.7% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+85%)	31.4% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+109%)	18.2% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+21%)	11.3% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-25%)	7.3% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-51%)	3.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-78%)	13.0% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-13%)	16.5% Good Good Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+10%)	17.1% Good Good Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+14%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗	FY 2007 Dec 31, 2007 20-F ↗
Debt to Equity (x)	0.31x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-55%)	0.36x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-49%)	0.41x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-41%)	0.55x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-21%)	0.67x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	0.19x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-73%)	—	—	—	—	—	—	—	—	—	—	—	—	—
Interest Coverage (x)	2.35x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	5.01x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	2.84x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	3.46x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	2.08x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	30.07x Excellent → Excellent Stable Operating income divided by interest expense Optimal: > 5x	32.65x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	27.65x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	26.79x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	23.97x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	70.53x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	257.77x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	94.07x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	34.93x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	17.93x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	81.36x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	30.44x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	24.24x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$2.23B	$2.86B	$3.43B	$4.41B	$4.63B	$-491.83M	$-520.31M	$-395.85M	$-282.86M	$-192.54M	$-103.91M	$-118.90M	$-182.52M	$-114.05M	$-119.24M	$-255.71M	$-144.80M	$-58.38M	$-76.88M
Debt / EBITDA (x)	3.48x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.23x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.47x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.44x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.76x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.76x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—	—	—	—	—	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗	FY 2007 Dec 31, 2007 20-F ↗
Revenue per Share (USD)	$105.21	$99.28	$98.90	$94.95	$81.67	$52.92	$52.10	$47.96	$32.49	$30.16	$26.81	$24.45	$21.94	$18.59	$15.66	$15.07	$15.14	$14.86	—
Basic EPS, GAAP (USD)	$2.92	$8.96	$7.46	$6.20	$2.28	$6.20	$6.85	$5.96	$5.20	$4.75	$4.08	$2.80	$1.69	$0.92	$0.38	$1.46	$1.61	$1.34	—
Free Cash Flow per Share (USD)	$10.99	$13.56	$12.43	$5.17	$10.96	$9.97	$6.72	$4.07	$6.25	$3.92	—	$2.23	$3.15	$1.38	$-0.25	$0.95	$3.77	$0.23	—
Book Value per Share (USD)	$120.07	$116.91	$112.02	$103.98	$98.91	$35.05	$30.18	$21.18	$22.02	$17.33	$13.88	$15.81	$14.79	$12.52	$11.33	$11.12	$9.70	$7.84	—
Tangible Book Value per Share (USD)	$6.03	$4.83	$2.65	$-5.80	$-11.91	$17.31	$13.70	$7.16	$7.80	$6.03	$3.18	$8.10	$8.98	$7.28	$7.12	$8.20	$6.76	$7.84	—
Basic Weighted Avg Shares (shares)	78.42M	82.48M	82.10M	81.53M	67.11M	52.86M	53.86M	54.12M	54.13M	55.25M	58.75M	61.50M	60.91M	59.97M	60.38M	59.72M	58.64M	58.25M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗	FY 2007 Dec 31, 2007 20-F ↗
Working Capital (USD)	$305.50M	$639.68M	$585.86M	$538.47M	$462.26M	$979.03M	$493.73M	$719.56M	$534.96M	$463.55M	$290.94M	$281.15M	$352.26M	$250.33M	$253.51M	$330.33M	$235.91M	—	—
LT Debt (USD)	$2.87B	$3.40B	$3.81B	$4.70B	$5.38B	$348.48M	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Equity (USD)	$9.19B	$9.44B	$9.24B	$8.50B	$8.07B	$1.85B	$1.62B	$1.14B	$1.19B	$945.17M	$763.10M	$950.21M	$910.58M	$754.58M	$681.54M	$670.00M	$572.25M	$456.37M	$388.40M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗	FY 2007 Dec 31, 2007 20-F ↗
Sales/Revenue/Turnover (USD)	$8.25B	$8.19B	$8.12B	$7.74B	$5.48B	$2.80B	$2.81B	$2.60B	$1.76B	$1.67B	$1.57B	$1.50B	$1.34B	$1.12B	$945.73M	$900.04M	$887.61M	$865.25M	—
Depreciation Expense (USD)	$383.00M	$488.50M	$585.95M	$569.51M	$314.99M	$66.13M	$45.60M	$50.56M	$43.44M	$42.12M	$40.21M	$42.20M	$38.98M	$35.21M	$34.03M	—	—	—	—
Net Income, GAAP (USD)	$229.34M	$739.13M	$612.34M	$505.30M	$153.19M	$332.33M	$373.99M	$322.66M	$281.49M	$262.18M	$239.54M	$172.47M	$102.81M	$55.42M	$22.88M	$87.07M	$94.30M	$78.12M	—
Operating Cash Flow (USD)	$1.04B	$1.29B	$1.16B	$563.32M	$829.14M	$568.03M	$412.54M	$268.64M	$383.08M	$259.20M	—	$169.95M	$221.23M	$113.43M	$20.19M	$87.43M	$255.07M	$81.28M	—

ICON PLC

Analytical Summary

19-Year Financial Trajectory

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