ICON plc (ICLR) closed fiscal year 2025 with a gross margin of 26.4 % and a net margin of 2.8 %.
ICON plc (ICLR) closed fiscal year 2025 with a gross margin of 26.4 % and a net margin of 2.8 %. The same year shows an EBITDA margin of 10.0 % and an EBIT margin of 5.3 %. The free cash flow margin was 10.4 %. Against the previous year the gross margin moved −2.6 pp and the net margin −6.2 pp. Across the period the gross margin ranges between 26.4 % in 2025 and 29.2 % in 2023. The series covers 4 fiscal years, from 2022 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Gross margin (%) | 28.60 % | 29.16 % | 28.95 % | 26.37 % |
| EBITDA margin (%) | 17.39 % | 18.25 % | 18.30 % | 9.98 % |
| EBIT margin (%) | 10.04 % | 10.97 % | 12.33 % | 5.34 % |
| Net margin (%) | 6.53 % | 6.88 % | 9.03 % | 2.78 % |
| FCF margin (%) | 5.44 % | 12.67 % | 13.66 % | 10.45 % |
