ICON plc Financials
ICON plc (ICLR) reported $8.3B in revenue for fiscal year 2025, up 0.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
ICON’s dominant mechanic is cash-generative operations funding debt reduction and buybacks even as 2025 profitability sharply compresses.
In FY2025, operating cash flow of$1.0B remained more than four times net income of$229M , so reported earnings understated the cash produced by operations. That cushion did not prevent an operating-margin reset to5.4% , while free cash flow still reached$862M , indicating the earnings weakness was not simply a cash-timing issue.
Revenue was essentially flat in FY2025, yet gross margin fell to
Long-term debt declined to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of ICON plc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
ICON plc has an operating margin of 5.4%, meaning the company retains $5 of operating profit per $100 of revenue. This strong profitability earns a score of 67/100, reflecting efficient cost management and pricing power. This is down from 12.6% the prior year.
ICON plc's revenue grew a modest 0.8% year-over-year to $8.3B. This slow but positive growth earns a score of 35/100.
ICON plc has elevated debt relative to equity (D/E of 0.31), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 23/100, reflecting increased financial risk.
ICON plc's current ratio of 1.10 is below the typical benchmark, resulting in a score of 24/100. This tight liquidity could limit financial flexibility if cash inflows slow.
ICON plc converts 10.4% of revenue into free cash flow ($862.0M). This strong cash generation earns a score of 72/100.
ICON plc's ROE of 2.5% shows moderate profitability relative to equity, earning a score of 56/100. This is down from 7.8% the prior year.
ICON plc scores 1.91, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($13.0B) relative to total liabilities ($7.1B). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
ICON plc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, ICON plc generates $4.52 in operating cash flow ($1.0B OCF vs $229.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
ICON plc earns $2.35 in operating income for every $1 of interest expense ($442.8M vs $188.1M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
ICON plc generated $8.3B in revenue in fiscal year 2025. This represents an increase of 0.8% from the prior year.
ICON plc's EBITDA was $825.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 45.7% from the prior year.
ICON plc reported $229.3M in net income in fiscal year 2025. This represents a decrease of 69.0% from the prior year.
ICON plc earned $2.90 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 67.4% from the prior year.
Cash & Balance Sheet
ICON plc generated $862.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 22.9% from the prior year.
ICON plc held $647.3M in cash against $2.9B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
ICON plc's gross margin was 26.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.3 percentage points from the prior year.
ICON plc's operating margin was 5.4% in fiscal year 2025, reflecting core business profitability. This is down 7.2 percentage points from the prior year.
ICON plc's net profit margin was 2.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 6.3 percentage points from the prior year.
ICON plc's ROE was 2.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 5.3 percentage points from the prior year.
Capital Allocation
ICON plc spent $750.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 50.0% from the prior year.
ICON plc invested $174.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 3.7% from the prior year.
Not reported for fiscal year 2025.
ICLR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.3B | $8.3B+0.8% | $8.2B+1.7% | $8.1B+4.1% | $7.7B+41.2% | $5.5B+95.9% | $2.8B-0.3% | $2.8B+8.1% | $2.6B+47.6% | $1.8B+5.5% | $1.7B+5.8% | $1.6B+4.8% | $1.5B+12.5% | $1.3B+19.8% | $1.1B+17.9% | $945.7M |
| Cost of Revenue | $6.3B | $6.1B+3.9% | $5.8B+2.2% | $5.7B+3.5% | $5.5B+39.1% | $4.0B+100.6% | $2.0B+0.3% | $2.0B+8.6% | $1.8B+77.0% | $1.0B+6.9% | $961.3M+5.8% | $909.0M+0.6% | $903.2M+6.8% | $845.4M+17.8% | $717.8M+17.3% | $611.9M |
| Gross Profit | $2.0B | $2.2B-7.2% | $2.3B+0.4% | $2.3B+5.4% | $2.2B+46.8% | $1.5B+84.5% | $817.4M-1.7% | $831.7M+7.0% | $777.6M+6.4% | $731.1M+3.7% | $705.2M+5.9% | $666.0M+11.0% | $600.1M+22.3% | $490.6M+23.5% | $397.3M+19.0% | $333.8M |
| SG&A Expenses | $771.7M | $780.1M+7.1% | $728.3M-5.2% | $768.6M-1.3% | $778.8M+33.0% | $585.3M+70.9% | $342.4M+2.9% | $332.7M+2.1% | $325.8M+0.6% | $323.7M-0.6% | $325.7M-0.3% | $326.8M-2.9% | $336.5M+7.2% | $313.9M+11.8% | $280.8M+9.7% | $255.9M |
| Operating Income | $296.5M | $442.8M-57.1% | $1.0B+14.1% | $904.7M+13.8% | $795.2M+110.1% | $378.5M-3.3% | $391.5M-9.7% | $433.4M+16.1% | $373.4M+10.4% | $338.3M+8.5% | $311.7M+10.7% | $281.5M+39.1% | $202.3M+67.0% | $121.2M+78.1% | $68.0M+131.0% | $29.4M |
| Interest Expense | $187.1M | $188.1M-8.8% | $206.2M-38.8% | $336.7M+46.6% | $229.7M+25.9% | $182.4M+1301.2% | $13.0M-1.9% | $13.3M-1.7% | $13.5M+6.9% | $12.6M-2.9% | $13.0M+225.8% | $4.0M+408.5% | $785K-39.1% | $1.3M-33.8% | $1.9M+18.6% | $1.6M |
| Income Tax | $65.9M | $23.1M-64.2% | $64.6M+251.5% | $18.4M-69.0% | $59.4M+43.7% | $41.3M-13.7% | $47.9M-6.4% | $51.1M+21.9% | $42.0M-9.9% | $46.6M+22.6% | $38.0M-3.4% | $39.3M+30.0% | $30.2M+67.6% | $18.1M+53.0% | $11.8M+93.0% | $6.1M |
| Net Income | $42.3M | $229.3M-69.0% | $739.1M+33.4% | $554.2M+9.7% | $505.3M+229.9% | $153.2M-53.9% | $332.3M-11.1% | $374.0M+15.9% | $322.7M+14.6% | $281.5M+7.4% | $262.2M+9.5% | $239.5M+38.9% | $172.5M+67.8% | $102.8M+85.5% | $55.4M+142.2% | $22.9M |
| EPS (Diluted) | — | $2.90-67.4% | $8.90+32.8% | $6.70+9.3% | $6.13+172.4% | $2.25-63.4% | $6.15-9.4% | $6.79+15.3% | $5.89+14.8% | $5.13+10.3% | $4.65+17.1% | $3.97+45.4% | $2.73+65.5% | $1.65+79.3% | $0.92+148.6% | $0.37 |
Not reported in any period shown, so not listed: R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
ICLR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $16.3B-2.2% | $16.6B-1.4% | $16.9B-1.9% | $17.2B-1.2% | $17.4B+406.1% | $3.4B+18.2% | $2.9B+23.5% | $2.4B+9.7% | $2.1B+17.6% | $1.8B+6.3% | $1.7B+12.3% | $1.5B+6.0% | $1.4B+20.0% | $1.2B+17.0% | $1.0B |
| Current Assets | $3.5B+6.9% | $3.3B-0.4% | $3.3B+1.8% | $3.2B+9.8% | $2.9B+39.9% | $2.1B+29.4% | $1.6B+22.2% | $1.3B+20.8% | $1.1B+14.9% | $958.0M+11.0% | $862.7M+5.3% | $819.5M-4.0% | $853.4M+28.6% | $663.7M+18.6% | $559.6M |
| Cash & Equivalents | $647.3M+20.1% | $538.8M+42.5% | $378.1M+30.9% | $288.8M-61.6% | $752.2M-10.5% | $840.3M+61.5% | $520.3M+31.4% | $395.9M+39.9% | $282.9M+46.9% | $192.5M+85.3% | $103.9M-12.6% | $118.9M-34.9% | $182.5M+60.0% | $114.0M-4.4% | $119.2M |
| Inventory | N/A | N/A | N/A | N/A | $5.8M+20.8% | $4.8M+50.0% | $3.2M+39.1% | $2.3M+4.5% | $2.2M-8.3% | $2.4M+33.3% | $1.8M+5.9% | $1.7M-22.7% | $2.2M-26.7% | $3.0M+7.1% | $2.8M |
| Accounts Receivable | $1.5B+5.9% | $1.4B-21.1% | $1.8B+1.9% | $1.7B+28.9% | $1.3B+87.7% | $715.3M+35.5% | $527.7M+27.2% | $414.8M+9.3% | $379.5M-8.8% | $416.2M+1.7% | $409.2M+10.3% | $371.0M+8.3% | $342.6M+20.0% | $285.4M+41.8% | $201.3M |
| Goodwill | $8.7B-3.5% | $9.1B+0.3% | $9.0B+0.6% | $9.0B-0.7% | $9.0B+865.3% | $936.3M+6.0% | $883.2M+16.8% | $756.3M-1.7% | $769.1M+24.8% | $616.1M+4.7% | $588.4M+27.0% | $463.3M+29.6% | $357.5M+13.3% | $315.4M+24.5% | $253.4M |
| Total Liabilities | $7.1B-1.6% | $7.2B-6.0% | $7.7B-11.9% | $8.7B-6.8% | $9.3B+487.9% | $1.6B+26.8% | $1.2B+25.0% | $1000.0M+4.6% | $955.6M+8.5% | $880.7M-7.7% | $954.1M+64.9% | $578.6M+8.8% | $531.9M+18.8% | $447.5M+29.4% | $346.0M |
| Current Liabilities | $3.2B+21.3% | $2.6B-3.5% | $2.7B+1.5% | $2.7B+8.5% | $2.5B+120.6% | $1.1B-0.6% | $1.1B+85.3% | $610.6M+7.9% | $566.1M+14.5% | $494.4M-13.5% | $571.8M+6.2% | $538.4M+7.4% | $501.2M+21.2% | $413.4M+35.1% | $306.1M |
| Long-Term Debt | $2.9B-15.4% | $3.4B-7.3% | $3.7B-20.3% | $4.6B-14.5% | $5.4B+1444.2% | $348.5M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $9.2B-2.6% | $9.4B+2.5% | $9.2B+8.0% | $8.5B+5.7% | $8.1B+336.0% | $1.9B+14.3% | $1.6B+19.5% | $1.4B+13.7% | $1.2B+26.0% | $945.2M+23.9% | $763.1M-19.7% | $950.2M+4.4% | $910.6M+20.7% | $754.6M+10.7% | $681.5M |
| Retained Earnings | $2.1B-19.7% | $2.6B+9.9% | $2.4B+32.0% | $1.8B+28.6% | $1.4B+12.1% | $1.3B+13.8% | $1.1B+25.0% | $888.3M+19.6% | $742.8M+26.4% | $587.8M+34.8% | $435.9M-33.5% | $655.2M+5.0% | $623.8M+19.7% | $521.0M+8.2% | $481.3M |
ICLR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.1B | $1.0B-19.5% | $1.3B+10.8% | $1.2B+106.1% | $563.3M-32.1% | $829.1M+46.0% | $568.0M+37.7% | $412.5M+53.6% | $268.6M-29.9% | $383.1M+47.8% | $259.2M-7.1% | $279.1M+64.2% | $169.9M-23.2% | $221.2M+95.0% | $113.4M+461.8% | $20.2M |
| Capital Expenditures | $186.2M | $174.2M+3.7% | $168.1M+19.5% | $140.7M-1.0% | $142.2M+51.6% | $93.8M+129.3% | $40.9M+5.0% | $38.9M-19.5% | $48.4M+8.2% | $44.7M+5.0% | $42.6M-14.3% | $49.7M+51.7% | $32.8M+11.2% | $29.5M-4.2% | $30.8M-12.7% | $35.3M |
| Free Cash Flow | $883.8M | $862.0M-22.9% | $1.1B+9.6% | $1.0B+142.3% | $421.2M-42.7% | $735.4M+39.5% | $527.1M+41.1% | $373.6M+69.6% | $220.2M-34.9% | $338.4M+56.2% | $216.6M-5.6% | $229.3M+67.2% | $137.2M-28.5% | $191.7M+132.0% | $82.6M+647.5% | -$15.1M |
| Investing Cash Flow | -$259.8M | -$187.5M+29.7% | -$266.8M-17.7% | -$226.7M-55.4% | -$145.9M+97.6% | -$6.0B-12834.2% | -$46.6M+71.3% | -$162.0M-334.4% | -$37.3M+79.0% | -$177.8M-137.7% | -$74.8M+63.4% | -$204.3M-81.9% | -$112.3M+39.1% | -$184.4M-52.2% | -$121.1M+20.5% | -$152.4M |
| Financing Cash Flow | -$277.0M | -$771.3M+7.9% | -$837.2M+0.8% | -$844.0M+2.3% | -$864.2M-116.9% | $5.1B+2555.1% | -$208.3M-66.1% | -$125.4M-11.0% | -$113.0M+5.2% | -$119.3M-27.3% | -$93.7M-15.1% | -$81.4M+30.1% | -$116.4M-504.2% | $28.8M+2422.5% | -$1.2M+67.8% | -$3.8M |
| Share Buybacks | $250.0M | $750.0M+50.0% | $500.0M | $0-100.0% | $100.0M | $0-100.0% | $175.0M+19.1% | $146.9M+13.9% | $129.0M-3.1% | $133.1M+21.0% | $110.0M-76.0% | $457.9M+227.0% | $140.0M | N/A | $15.6M+73.3% | $9.0M |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
ICLR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.4%-2.3pp | 28.6%-0.4pp | 29.0%+0.4pp | 28.6%+1.1pp | 27.5%-1.7pp | 29.2%-0.4pp | 29.6%-0.3pp | 29.9%-11.6pp | 41.6%-0.7pp | 42.3%0.0pp | 42.3%+2.4pp | 39.9%+3.2pp | 36.7%+1.1pp | 35.6%+0.3pp | 35.3% |
| Operating Margin | 5.4%-7.2pp | 12.6%+1.4pp | 11.2%+1.0pp | 10.3%+3.4pp | 6.9%-7.1pp | 14.0%-1.4pp | 15.4%+1.1pp | 14.4%-4.9pp | 19.2%+0.5pp | 18.7%+0.8pp | 17.9%+4.4pp | 13.5%+4.4pp | 9.1%+3.0pp | 6.1%+3.0pp | 3.1% |
| Net Margin | 2.8%-6.3pp | 9.0%+2.2pp | 6.9%+0.4pp | 6.5%+3.7pp | 2.8%-9.1pp | 11.9%-1.4pp | 13.3%+0.9pp | 12.4%-3.6pp | 16.0%+0.3pp | 15.7%+0.5pp | 15.2%+3.7pp | 11.5%+3.8pp | 7.7%+2.7pp | 5.0%+2.6pp | 2.4% |
| Return on Equity | 2.5%-5.3pp | 7.8%+1.8pp | 6.0%+0.1pp | 5.9%+4.0pp | 1.9%-16.1pp | 18.0%-5.1pp | 23.1%-0.7pp | 23.8%+0.2pp | 23.6%-4.1pp | 27.7%-3.7pp | 31.4%+13.2pp | 18.1%+6.9pp | 11.3%+3.9pp | 7.3%+4.0pp | 3.4% |
| Return on Assets | 1.4%-3.0pp | 4.4%+1.2pp | 3.3%+0.3pp | 2.9%+2.1pp | 0.9%-8.8pp | 9.7%-3.2pp | 12.9%-0.9pp | 13.7%+0.6pp | 13.1%-1.3pp | 14.4%+0.4pp | 14.0%+2.7pp | 11.3%+4.1pp | 7.1%+2.5pp | 4.6%+2.4pp | 2.2% |
| Current Ratio | 1.10-0.1x | 1.240.0x | 1.200.0x | 1.200.0x | 1.19-0.7x | 1.87+0.4x | 1.44-0.7x | 2.18+0.2x | 1.950.0x | 1.94+0.4x | 1.510.0x | 1.52-0.2x | 1.70+0.1x | 1.61-0.2x | 1.83 |
| Debt-to-Equity | 0.310.0x | 0.360.0x | 0.40-0.1x | 0.54-0.1x | 0.67+0.5x | 0.19-0.6x | 0.770.0x | 0.74-0.1x | 0.80-0.1x | 0.93-0.3x | 1.25+0.6x | 0.610.0x | 0.580.0x | 0.59+0.1x | 0.51 |
| FCF Margin | 10.4%-3.2pp | 13.7%+1.0pp | 12.7%+7.2pp | 5.4%-8.0pp | 13.4%-5.4pp | 18.9%+5.5pp | 13.3%+4.8pp | 8.5%-10.8pp | 19.2%+6.2pp | 13.0%-1.6pp | 14.6%+5.4pp | 9.1%-5.2pp | 14.3%+6.9pp | 7.4%+9.0pp | -1.6% |
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Where ICON plc Ranks
Frequently Asked Questions
What is ICON plc's annual revenue?
ICON plc (ICLR) reported $8.3B in total revenue for fiscal year 2025. This represents a 0.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is ICON plc's revenue growing?
ICON plc (ICLR) revenue grew by 0.8% year-over-year, from $8.2B to $8.3B in fiscal year 2025.
Is ICON plc profitable?
Yes, ICON plc (ICLR) reported a net income of $229.3M in fiscal year 2025, with a net profit margin of 2.8%.
What is ICON plc's EBITDA?
ICON plc (ICLR) had EBITDA of $825.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does ICON plc have?
As of fiscal year 2025, ICON plc (ICLR) had $647.3M in cash and equivalents against $2.9B in long-term debt.
What is ICON plc's gross margin?
ICON plc (ICLR) had a gross margin of 26.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is ICON plc's operating margin?
ICON plc (ICLR) had an operating margin of 5.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is ICON plc's net profit margin?
ICON plc (ICLR) had a net profit margin of 2.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is ICON plc's return on equity (ROE)?
ICON plc (ICLR) has a return on equity of 2.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is ICON plc's free cash flow?
ICON plc (ICLR) generated $862.0M in free cash flow during fiscal year 2025. This represents a -22.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is ICON plc's operating cash flow?
ICON plc (ICLR) generated $1.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are ICON plc's total assets?
ICON plc (ICLR) had $16.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What are ICON plc's capital expenditures?
ICON plc (ICLR) invested $174.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is ICON plc's current ratio?
ICON plc (ICLR) had a current ratio of 1.10 as of fiscal year 2025, which is considered adequate.
What is ICON plc's debt-to-equity ratio?
ICON plc (ICLR) had a debt-to-equity ratio of 0.31 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is ICON plc's return on assets (ROA)?
ICON plc (ICLR) had a return on assets of 1.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is ICON plc's Altman Z-Score?
ICON plc (ICLR) has an Altman Z-Score of 1.91, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is ICON plc's Piotroski F-Score?
ICON plc (ICLR) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are ICON plc's earnings high quality?
ICON plc (ICLR) has an earnings quality ratio of 4.52x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can ICON plc cover its interest payments?
ICON plc (ICLR) has an interest coverage ratio of 2.35x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is ICON plc?
ICON plc (ICLR) scores 46 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.