ICON Public Limited Company

ICLRNASDAQHealthcare● Active

$152.63

+$3.18(+2.12%)

Market Cap$11.7B

P/E Ratio—

52W High$211

52W Low$66.57

Avg Volume1.2M

Open$149.45

Beta1.27

Overview

ICON Public Limited Company (ICLR) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

ICLR · free cash flow · updated Jun 8, 2026

Core FCF metrics

ICLR · FCF · TTM · margin & CAGR

Free cash flow was $862.0M for FY2025 (fiscal year ending 2025-12-31), down 22.9% year-over-year The FCF margin was 10.4%. Five-year CAGR stands at +9.7%.

FY2025 Free Cash Flow$862.0M▼ -22.9% YoY

Trailing 12M (TTM)$1.34Btrailing 4 quarters sum

FCF Margin10.4%$862.0M ÷ revenue

3-Year CAGR+27.0%FY2022 → FY2025

5-Year CAGR+9.7%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

ICLR · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.04B(174M)$862.0M▼ 22.9%10.4%

FY2024$1.29B(168M)$1.12B▲ +9.6%13.5%

FY2023$1.16B(141M)$1.02B▲ +142.3%12.6%

FY2022$563.3M(142M)$421.2M▼ 42.7%5.4%

FY2021$829.1M(94M)$735.4M▲ +35.3%13.4%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

ICLR · P/FCF · FCF yield · FCF per share

ICON Public Limited Company (ICLR) trades at a FCF yield of 11.46% and a price-to-free-cash-flow ratio of 8.9x. FCF per share stands at $17.10, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

11.46%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$17.10

TTM FCF ÷ Shares Outstanding

Price / FCF

x8.9

Share Price ÷ FCF per Share

EV / FCF (TTM)

x10.9

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

ICLR · cash flow statement · operating / investing / financing

For FY2025, ICON Public Limited Company generated $1.04B in operating cash flow and spent 174M in capital expenditures, yielding $862.0M in free cash flow.

Operating Activities

+$1.04B

Cash from core business operations

2025-12-31

Investing Activities

−$187.5M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$771.3M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($1.04B) − |CapEx| (174M) = FCF ($862.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Healthcare)

ICLR vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

ICON Public Limited CompanyYOU

ICLR

$862.0M-22.9%10.4%

UnitedHealth Group Incorporated

UNH

$16.07B-22.4%3.6%

82%

Eli Lilly and Company

LLY

$8.97B+2065.6%13.8%

46%

Healthcare · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

ICON Public Limited Company (ICLR) reported free cash flow of $862.0M for FY2025 (fiscal year ending 2025-12-31), down 22.9% year-over-year. The FCF margin was 10.4%.

Based on available data, ICON Public Limited Company has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $1.12B in FY2024. The 5-year CAGR stands at +9.7%.

ICON Public Limited Company's FCF yield is 11.46% and price-to-FCF ratio is 8.9x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

ICLR free cash flow · 8 questions

ICON Public Limited Company free cash flow was $862.0M for FY2025, down 22.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.34B.

ICLR free cash flowICLR FCFICLR FCF 2025ICLR free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · ICON Public Limited Company · ICON Public Limited Company SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026