Company Analysis

ICON plc (ICLR)

Nasdaq: ICLR · Services-Commercial Physical & Biological Research · Dublin 18, IE · filing with the SEC since 2001
Grade5.7
◀ Past 6.2● Present 6.0▶ Future 4.4
1 est.

The grade of ICON plc

Nine metrics read from its own filings, by tense
Headline grade
5.7/10
◀ Past6.240% of the headline
● Present6.035% of the headline
▶ Future4.425% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.2/1040% of the headline grade · 3 of 3 filed

Surviving crises

as filed
5.4/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2026-05-01.

weight 33% of this tense · 54th percentile among 12 sector filers · read for itself

From the record

ICON plc's filings since 2017 show 1 warning event: a late-report notice (Form NT 10-K or NT 10-Q, the latest 2026-05-01) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.6/10

What has it actually done, year after year?

+19.5% a year over 10 filed years; profitable in 10 of 10.

weight 45% of this tense · 76th percentile among 12 sector filers · read for its customers

From the record

ICON plc's 10 filed years say what it did: revenue went from $1.7 billion in fiscal 2016 to $8.3 billion in fiscal 2025, up 19.5% a year; it rose in 8 of 9 years; the deepest fall was 0% from fiscal 2019 to fiscal 2020; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span19.5%top 21% of its family
  • the share of years revenue rosetop 29% of its family
  • the share of filed years with a profittop 17% of its family
  • the deepest fall from a revenue peak0.3%top 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
4.4/10

How has it treated the people who own it?

Share count shrank 1.3% a year. 36% of cash flow returned. Insiders: 58 sales, 0 purchases.

weight 22% of this tense · 44th percentile among 6 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, ICON plc's diluted share count shrank about 1.3% a year, and dividends and buybacks returned about 36% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 58 sales and 0 purchases of their own stock on the open market in the year to 2026-11-04 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 37% of its family
  • cash returned against operating cash flowbottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.0/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
6.1/10

Is it financially healthy right now?

ROE 2%: 2¢ of profit per shareholder dollar. Leverage 43%: owes 43¢ per asset dollar.

weight 33% of this tense · 61st percentile among 12 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, ICON plc earned about 2 cents of profit for every dollar of shareholders' money. Leverage: it owed about 43 cents per dollar of assets, and net share issuance: its share count shrank 4.9% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 46% of its family
  • return on equitytop 41% of its family
  • the share count against the year beforetop 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
6.8/10

How strong is its position in its industry?

top 32% of 12 in its family; net margin 2.8%.

weight 45% of this tense · 68th percentile among 12 sector filers · read for its customers

From the record

ICON plc's standing among 12 graded names in its industry family: revenue of $8.3 billion in fiscal 2025 ranks in the top 12% by size; a net margin of 2.8% ranks in the top 37%; revenue growth of 2.1% a year over the last 3 filed years ranks in the top 46% (its annual reports).

What it rests on

  • revenue against the family$8.25Btop 12% of its family
  • net margin2.8%top 37% of its family
  • three-year revenue growth2.1%top 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
4.0/10

What are the people in charge doing?

SI estimate 4.0/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 9 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 9 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 9 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: ICON plc's leadership is put at 4.0 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 9 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.4/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.2/10

How much room does it have to grow?

bottom 42% of 12 in its family for room to expand.

weight 33% of this tense · 42nd percentile among 12 sector filers · read for itself

From the record

ICON plc's room to grow, from the newest filed statements (fiscal 2025): cash of $647 million against debt of $2.9 billion leaves -13.7% of its assets as net cash, bottom 29% of its family; cash from operations less capital spending is 10.4% of revenue (top 46%) (its annual report).

What it rests on

  • cash less debt against assets-13.7%bottom 29% of its family
  • cash from operations less capital spending against revenue10.4%top 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.7/10

What could actually drive growth from here?

top 43% of 12 in its family for growth drivers.

weight 33% of this tense · 57th percentile among 12 sector filers · read for its customers

From the record

ICON plc's growth drivers, from the filed years to fiscal 2025: revenue grew 2.1% a year over the last three filed years against 19.5% over all 10, slowing (bottom 13% of its family); the newest year grew 0.8% (top 37%); capital spending grew 7% a year (top 4%) (its annual reports). ICON plc tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-17.3 points a yearbottom 13% of its family
  • the newest year's revenue growth0.8%top 37% of its family
  • three-year growth of capital spending7.0%top 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.5/10

Did its newest year beat what its own record pointed to?

bottom 35% of 11 in its family for expectations against reality.

weight 33% of this tense · 35th percentile among 11 sector filers · read for its shareholders

From the record

ICON plc's newest year against its own record: revenue of $8.3 billion in fiscal 2025 came in 2% below the $8.4 billion its prior three years' pace pointed to (bottom 32% of its family); net income of $229 million against a prior three-year average of $600 million (bottom 23%); a net margin of 2.8% against 7.5% before (top 50%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-2.0%bottom 32% of its family
  • net income against the prior three years' average-62%bottom 23% of its family
  • net margin against its prior average-4.7 pointstop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ICLR · research, not advice