ICON Public Limited Company (ICLR) Financial Ratios
28 years of historical data (1998–2025) · Healthcare · Medical - Diagnostics & Research
EV/EBITDA
↓
10.10
↓-45% vs avg
5yr avg: 18.51
30Y Low1.5·High35.2
P/FCF
↓
12.97
↓-47% vs avg
5yr avg: 24.38
30Y Low4.4·High176.5
P/B Ratio
↓
1.25
↓-40% vs avg
5yr avg: 2.09
30Y Low0.5·High6.1
ROE
↓
2.5%
↑-55% vs avg
5yr avg: 5.4%
30Y Low2%·High31%
Debt/EBITDA
↓
2.55
↓-31% vs avg
5yr avg: 3.69
30Y Low0.0·High7.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ICLR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
ICON Public Limited Company trades at 50.3x earnings, 14% below its 5-year average of 58.5x, sitting at the 93rd percentile of its historical range. Compared to the Healthcare sector median P/E of 22.1x, the stock trades at a premium of 128%. On a free-cash-flow basis, the stock trades at 13.0x P/FCF, 47% below the 5-year average of 24.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $11.2B | $14.4B | $17.4B | $23.4B | $16.0B | $21.1B | $10.4B | $9.4B | $7.1B | $6.2B | $4.2B |
| Enterprise Value | $14.1B | $17.3B | $20.5B | $27.0B | $20.6B | $26.0B | $10.0B | $9.3B | $7.0B | $6.2B | $4.4B |
| P/E Ratio → | 50.34 | 62.83 | 22.01 | 38.25 | 31.69 | 137.64 | 31.25 | 25.37 | 21.90 | 21.86 | 16.17 |
| P/S Ratio | 1.35 | 1.74 | 2.10 | 2.88 | 2.07 | 3.85 | 3.71 | 3.34 | 2.72 | 3.50 | 2.55 |
| P/B Ratio | 1.25 | 1.57 | 1.83 | 2.53 | 1.89 | 2.61 | 5.62 | 5.78 | 5.22 | 5.00 | 4.49 |
| P/FCF | 12.97 | 16.69 | 15.57 | 22.95 | 38.04 | 28.67 | 19.11 | 25.86 | 32.80 | 126.32 | 19.58 |
| P/OCF | 10.79 | 13.89 | 13.53 | 20.17 | 28.44 | 25.42 | 17.47 | 22.68 | 26.79 | 126.25 | 16.36 |
P/E links to full P/E history page with 30-year chart
ICLR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
ICON Public Limited Company's enterprise value stands at 10.1x EBITDA, 45% below its 5-year average of 18.5x. The Healthcare sector median is 14.2x, placing the stock at a 29% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.10 | 2.47 | 3.32 | 2.66 | 4.74 | 3.57 | 3.31 | 2.71 | 3.54 | 2.64 |
| EV / EBITDA | 10.10 | 12.40 | 12.91 | 17.49 | 14.58 | 35.15 | 20.54 | 17.69 | 16.00 | 15.57 | 11.85 |
| EV / EBIT | 13.91 | 39.26 | 19.04 | 28.84 | 25.78 | 68.52 | 25.32 | 21.11 | 18.58 | 18.26 | 13.75 |
| EV / FCF | — | 20.07 | 18.31 | 26.44 | 48.82 | 35.32 | 18.36 | 25.68 | 32.59 | 127.68 | 20.30 |
ICLR Profitability
Margins and return-on-capital ratios measuring operating efficiency
ICON Public Limited Company earns an operating margin of 12.3%. ROE of 2.5% is modest. ROIC of 6.2% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.4% | 26.4% | 29.4% | 29.6% | 28.6% | 27.5% | 28.9% | 29.6% | 29.6% | 41.3% | 42.3% |
| Operating Margin | 12.3% | 12.3% | 13.3% | 11.8% | 10.3% | 6.9% | 14.0% | 15.4% | 14.4% | 19.2% | 18.7% |
| Net Profit Margin | 2.8% | 2.8% | 9.6% | 7.5% | 6.5% | 2.8% | 11.7% | 13.3% | 12.4% | 16.0% | 15.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.5% | 2.5% | 8.4% | 6.9% | 6.1% | 3.1% | 18.9% | 25.2% | 25.0% | 25.9% | 30.7% |
| ROA | 1.4% | 1.4% | 4.7% | 3.6% | 2.9% | 1.5% | 10.3% | 14.2% | 14.2% | 14.0% | 14.8% |
| ROIC | 6.2% | 6.2% | 6.5% | 5.6% | 4.6% | 3.9% | 19.6% | 22.7% | 21.5% | 21.2% | 22.1% |
| ROCE | 7.5% | 7.5% | 7.8% | 6.7% | 5.4% | 4.4% | 19.2% | 24.6% | 22.2% | 22.9% | 25.2% |
ICLR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
ICON Public Limited Company carries a Debt/EBITDA ratio of 2.5x, which is moderately leveraged (21% below the sector average of 3.2x). Net debt stands at $2.9B ($3.6B total debt minus $647M cash). Interest coverage of just 2.3x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.39 | 0.39 | 0.38 | 0.43 | 0.57 | 0.70 | 0.23 | 0.28 | 0.26 | 0.28 | 0.37 |
| Debt / EBITDA | 2.55 | 2.55 | 2.27 | 2.55 | 3.43 | 7.64 | 0.89 | 0.87 | 0.80 | 0.87 | 0.94 |
| Net Debt / Equity | — | 0.32 | 0.32 | 0.39 | 0.53 | 0.61 | -0.22 | -0.04 | -0.03 | 0.05 | 0.17 |
| Net Debt / EBITDA | 2.08 | 2.08 | 1.93 | 2.31 | 3.22 | 6.62 | -0.84 | -0.13 | -0.11 | 0.17 | 0.42 |
| Debt / FCF | — | 3.37 | 2.74 | 3.49 | 10.78 | 6.65 | -0.75 | -0.18 | -0.22 | 1.36 | 0.72 |
| Interest Coverage | 2.34 | 2.34 | 4.53 | 2.78 | 3.47 | 2.08 | 30.28 | 33.16 | 28.00 | 26.98 | 24.59 |
ICLR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.10x means ICON Public Limited Company can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.21x to 1.10x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.10 | 1.10 | 1.26 | 1.21 | 1.20 | 1.19 | 1.87 | 1.44 | 2.18 | 1.95 | 1.94 |
| Quick Ratio | 1.10 | 1.10 | 1.26 | 1.21 | 1.20 | 1.19 | 1.87 | 1.43 | 2.17 | 1.94 | 1.93 |
| Cash Ratio | 0.20 | 0.20 | 0.19 | 0.13 | 0.11 | 0.30 | 0.75 | 0.50 | 0.75 | 0.64 | 0.53 |
| Asset Turnover | — | 0.51 | 0.49 | 0.48 | 0.45 | 0.32 | 0.81 | 0.97 | 1.10 | 0.80 | 0.91 |
| Inventory Turnover | — | — | — | — | 782.54 | — | — | 616.92 | 794.04 | 468.85 | 400.56 |
| Days Sales Outstanding | — | 121.61 | 125.66 | 130.32 | 132.09 | 138.05 | 157.55 | 131.85 | 117.78 | 146.58 | 145.04 |
ICLR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
ICON Public Limited Company returns 6.7% to shareholders annually primarily through share buybacks. The earnings yield of 2.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.0% | 1.6% | 4.5% | 2.6% | 3.2% | 0.7% | 3.2% | 3.9% | 4.6% | 4.6% | 6.2% |
| FCF Yield | 7.7% | 6.0% | 6.4% | 4.4% | 2.6% | 3.5% | 5.2% | 3.9% | 3.0% | 0.8% | 5.1% |
| Buyback Yield | 6.7% | 5.2% | 2.9% | 0.0% | 0.6% | 0.0% | 1.7% | 1.6% | 1.8% | 2.2% | 2.6% |
| Total Shareholder Yield | 6.7% | 5.2% | 2.9% | 0.0% | 0.6% | 0.0% | 1.7% | 1.6% | 1.8% | 2.2% | 2.6% |
| Shares Outstanding | — | $79M | $83M | $83M | $82M | $68M | $53M | $54M | $55M | $55M | $56M |
Peer Comparison
Compare ICLR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ICLRYou | $11B | 50.3 | 10.1 | 13.0 | 26.4% | 12.3% | 2.5% | 6.2% | 2.5 |
 CRL | $9B | -63.6 | 12.9 | 17.2 | 30.5% | 12.6% | -4.3% | 6.3% | 3.4 |
 IQV | $28B | 21.4 | 12.4 | 13.9 | 26.3% | 14.0% | 21.4% | 8.7% | 4.7 |
 MEDP | $13B | 30.1 | 22.9 | 19.3 | 30.1% | 21.1% | 70.2% | 154.9% | 0.4 |
 PRA | $1B | 24.9 | 19.5 | — | 39.4% | 6.6% | 4.0% | 3.2% | 5.1 |
 LH | $21B | 24.5 | 12.6 | 17.5 | 26.8% | 10.9% | 10.5% | 7.8% | 3.3 |
 DGX | $22B | 22.3 | 12.9 | 15.9 | 31.9% | 14.5% | 14.0% | 8.8% | 3.2 |
 NVCR | $2B | -11.7 | — | — | 74.5% | -23.5% | -38.9% | -16.4% | — |
 HIMS | $8B | 69.5 | 55.1 | 105.3 | 73.8% | 4.5% | 25.2% | 8.6% | 7.9 |
 TMO | $173B | 26.2 | 18.7 | 27.4 | 37.7% | 18.2% | 13.1% | 7.5% | 3.8 |
 DHR | $125B | 35.2 | 18.4 | 23.8 | 60.9% | 20.9% | 7.1% | 5.9% | 2.4 |
| Healthcare Median | — | 22.1 | 14.2 | 18.5 | 63.9% | -4.3% | -32.6% | -11.6% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 28 years · Updated daily
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ICLR — Frequently Asked Questions
Quick answers to the most common questions about buying ICLR stock.
What is ICON Public Limited Company's P/E ratio?
ICON Public Limited Company's current P/E ratio is 50.3x. The historical average is 25.7x. This places it at the 93th percentile of its historical range.
What is ICON Public Limited Company's EV/EBITDA?
ICON Public Limited Company's current EV/EBITDA is 10.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.2x.
What is ICON Public Limited Company's ROE?
ICON Public Limited Company's return on equity (ROE) is 2.5%. The historical average is 14.2%.
Is ICLR stock overvalued?
Based on historical data, ICON Public Limited Company is trading at a P/E of 50.3x. This is at the 93th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are ICON Public Limited Company's profit margins?
ICON Public Limited Company has 26.4% gross margin and 12.3% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does ICON Public Limited Company have?
ICON Public Limited Company's Debt/EBITDA ratio is 2.5x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.