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ICON PLC ICLR

Nasdaq · stock · Services-Commercial Physical & Biological Research · website · IPO 1998-05-15 · LEI

ICON PLC statistics & valuation

Market cap$13.0B
P / E56.7×
P / S1.6×
P / B1.4×
P / FCF15.1×
Net margin2.8%
Return on equity2.5%
FCF margin10.4%
Net debt$2.2B
Net debt / EBITDA2.7×
Enterprise value USD$15.2B
EV / EBITDA18.4×
Earnings yield EBIT/EV2.9%
Return on capital3.4%
Graham number -47.9%$87.16

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($87.16); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
15.70% 16.00% 12.40% 13.30% 11.90% 2.80% 6.50% 6.90% 9.00% 2.80% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
18.70% 19.20% 14.40% 15.40% 14.00% 6.90% 10.30% 11.20% 12.60% 5.40% 2016201720182019202020212022202320242025
Return on equity (%)
27.70% 23.60% 23.80% 23.10% 18.00% 1.90% 5.90% 6.00% 7.80% 2.50% 2016201720182019202020212022202320242025
Shares outstanding
56.4M 54.8M 54.8M 54.3M 53.3M 81.6M 82.5M 82.7M 83.0M 79.0M 2016201720182019202020212022202320242025
Net debt ($)
-$491.8M $4.75B $4.41B $3.43B $2.86B $2.23B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
14.40% 13.10% 13.70% 12.90% 9.70% 0.90% 2.90% 3.30% 4.40% 1.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
13.00% 19.20% 8.50% 13.30% 18.80% 13.40% 5.40% 12.70% 13.70% 10.40% 2016201720182019202020212022202320242025
Debt / equity (×)
0.19× 0.68× 0.55× 0.41× 0.36× 0.31× 2016201720182019202020212022202320242025
EPS ($)
$4.65 $5.13 $5.89 $6.79 $6.15 $2.25 $6.13 $6.70 $8.90 $2.90 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ICON PLC trades at about 57.6× earnings — above its 10-year norm (10-year range 18.1×–118.1×, median 33.1×).

18.1× 118.1×

Shaded band = 10-year range (18.1×–118.1×); dot = today's 57.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin5.4%12.6%11.2%10.3%6.9%14.0%15.4%14.4%19.2%18.7%
Net margin2.8%9.0%6.9%6.5%2.8%11.9%13.3%12.4%16.0%15.7%
FCF margin10.4%13.7%12.7%5.4%13.4%18.8%13.3%8.5%19.2%13.0%
Return on assets1.4%4.4%3.3%2.9%0.9%9.7%12.9%13.7%13.1%14.4%
Return on equity2.5%7.8%6.0%5.9%1.9%18.0%23.1%23.8%23.6%27.7%
Debt / equity0.31×0.36×0.41×0.55×0.68×0.19×————
Current ratio1.101.241.201.201.191.871.442.181.951.94

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.