Icon Energy Corp. (ICON) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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ICON Revenue Growth
Revenue Breakdown (FY 2020)
ICON's revenue distribution by segment and geography for fiscal year 2020
By Product/Segment
By Geography
ICON Revenue Analysis (2013–2024)
As of May 8, 2026, Icon Energy Corp. (ICON) generated trailing twelve-month (TTM) revenue of $6.1 million. The most recent quarter (Q2 2025) recorded $2.0 million in revenue, up 32.6% sequentially.
Looking at the longer-term picture, ICON's 5-year compound annual growth rate (CAGR) stands at -48.7%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $461.2 million in 2014.
Revenue diversification analysis shows ICON's business is primarily driven by Wholesale License (71%), and Direct To Retail License (29%). With over half of revenue concentrated in Wholesale License, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including TRMD (-21.3% YoY), TNK (-26.3% YoY), and INSW (-21.5% YoY). Compare ICON vs TRMD →
ICON Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ICONCurrent | $6M | - | -48.7% | 3.2% | |
 TRMD | $1.6B | -21.3% | +17.6% | 42.3% | |
 TNK | $952M | -26.3% | +1.4% | 22.6% | |
 INSW | $843M | -21.5% | +14.9% | 36.3% | |
 DHT | $497M | +4.2% | -6.4% | 34.2% | |
 STNG | $938M | -2.8% | +0.5% | 33.0% |
ICON Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $5.3M | +18.6% | $1.5M | 27.6% | $170K | 3.2% |
| 2023 | $4.5M | -38.2% | $3.3M | 73.2% | $1.1M | 24.7% |
| 2022 | $7.2M | +21.5% | $5.9M | 81.9% | $4.2M | 58.3% |
| 2021 | $6.0M | - | $5.1M | 85.7% | $3.3M | 55.5% |
| 2020 | $0 | -100.0% | $0 | - | $-30,780,000 | - |
| 2019 | $149.0M | -20.6% | $149.0M | 100.0% | $63.2M | 42.4% |
| 2018 | $187.7M | -16.9% | $187.7M | 100.0% | $54.6M | 29.1% |
| 2017 | $225.8M | -38.7% | $225.8M | 100.0% | $81.3M | 36.0% |
| 2016 | $368.5M | -2.8% | $368.5M | 100.0% | $196.5M | 53.3% |
| 2015 | $379.2M | -17.8% | $379.2M | 100.0% | $169.5M | 44.7% |
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Start ComparisonICON — Frequently Asked Questions
Quick answers to the most common questions about buying ICON stock.
Is ICON's revenue growth accelerating or slowing?
ICON TTM revenue: $6M. YoY growth: N/A. 5-year CAGR: -48.7%.
What is ICON's long-term revenue growth rate?
Icon Energy Corp.'s 5-year revenue CAGR of -48.7% reflects the variable expansion pattern. Current YoY growth of N/A is near this long-term average.
How is ICON's revenue distributed by segment?
ICON reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.