Icon annual free cash flow
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Icon Free Cash Flow (FCF) History (ICLR)
Icon reported $862.0M in free cash flow for fiscal 2025, a decrease of 22.94% from the previous fiscal year, with a free cash flow margin of 10.45%.
View full Icon company overviewIcon free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $862.0M | −$256.6M | −22.94% | +10.45% |
| 2024 | 2024-12-31 | $1.12B | $98.3M | +9.63% | +13.66% |
| 2023 | 2023-12-31 | $1.02B | $599.2M | +142.27% | +12.67% |
| 2022 | 2022-12-31 | $421.2M | −$314.2M | −42.73% | +5.44% |
| 2021 | 2021-12-31 | $735.4M | $208.2M | +39.50% | +13.42% |
| 2020 | 2020-12-31 | $527.1M | $153.6M | +41.10% | +18.85% |
| 2019 | 2019-12-31 | $373.6M | $153.4M | +69.63% | +13.31% |
| 2018 | 2018-12-31 | $220.2M | −$118.1M | −34.91% | +8.48% |
| 2017 | 2017-12-31 | $338.4M | $121.8M | +56.21% | +19.24% |
| 2016 | 2016-12-31 | $216.6M | −$12.7M | −5.55% | +13.00% |
| 2015 | 2015-12-31 | $229.3M | $92.2M | +67.20% | +14.56% |
| 2014 | 2014-12-31 | $137.2M | −$54.6M | −28.46% | +9.12% |
| 2013 | 2013-12-31 | $191.7M | $109.1M | +132.02% | +14.35% |
| 2012 | 2012-12-31 | $82.6M | $97.7M | — | +7.41% |
| 2011 | 2011-12-31 | −$15.1M | −$71.6M | — | −1.60% |
| 2010 | 2010-12-31 | $56.5M | −$164.8M | −74.48% | +6.27% |
| 2009 | 2009-12-31 | $221.3M | $207.9M | +1551.33% | +24.93% |
| 2008 | 2008-12-31 | $13.4M | — | — | +1.55% |
Icon quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $238.8M | $124.9M | +109.66% | +11.57% |
| Q1 2026 | 2026-03-31 | $136.2M | −$103.1M | −43.08% | +6.70% |
| Q4 2025 | 2025-12-31 | $174.8M | −$102.2M | −36.89% | +8.28% |
| Q3 2025 | 2025-09-30 | $333.9M | −$25.4M | −7.08% | +16.02% |
| Q2 2025 | 2025-06-30 | $113.9M | −$68.4M | −37.51% | +5.59% |
| Q1 2025 | 2025-03-31 | $239.3M | −$60.6M | −20.20% | +11.88% |
| Q4 2024 | 2024-12-31 | $277.0M | −$110.4M | −28.49% | +13.44% |
| Q3 2024 | 2024-09-30 | $359.3M | $46.9M | +15.02% | +17.60% |
| Q2 2024 | 2024-06-30 | $182.3M | $10.6M | +6.15% | +8.93% |
| Q1 2024 | 2024-03-31 | $299.9M | $151.2M | +101.62% | +14.68% |
| Q4 2023 | 2023-12-31 | $387.4M | $503.9M | — | +18.99% |
| Q3 2023 | 2023-09-30 | $312.4M | $135.9M | +77.04% | +15.31% |
| Q2 2023 | 2023-06-30 | $171.7M | $17.9M | +11.64% | +8.55% |
| Q1 2023 | 2023-03-31 | $148.8M | −$58.5M | −28.24% | +7.57% |
| Q4 2022 | 2022-12-31 | −$116.4M | −$358.6M | — | −5.93% |
| Q3 2022 | 2022-09-30 | $176.5M | −$98.1M | −35.73% | +9.09% |
| Q2 2022 | 2022-06-30 | $153.8M | $38.4M | +33.21% | +7.95% |
| Q1 2022 | 2022-03-31 | $207.3M | $104.1M | +100.83% | +10.90% |
| Q4 2021 | 2021-12-31 | $242.1M | $59.6M | +32.63% | +12.84% |
| Q3 2021 | 2021-09-30 | $274.6M | $169.5M | +161.23% | +14.71% |
| Q2 2021 | 2021-06-30 | $115.5M | $7.4M | +6.89% | +13.26% |
| Q1 2021 | 2021-03-31 | $103.2M | −$28.2M | −21.48% | +12.03% |
| Q4 2020 | 2020-12-31 | $182.6M | $55.1M | +43.27% | +24.01% |
| Q3 2020 | 2020-09-30 | $105.1M | −$41.9M | −28.51% | +14.98% |
| Q2 2020 | 2020-06-30 | $108.0M | $96.5M | +835.23% | +17.42% |
| Q1 2020 | 2020-03-31 | $131.4M | $43.8M | +50.06% | +18.38% |
| Q4 2019 | 2019-12-31 | $127.4M | $86.6M | +211.91% | +17.57% |
| Q3 2019 | 2019-09-30 | $147.0M | $30.1M | +25.72% | +20.69% |
| Q2 2019 | 2019-06-30 | $11.6M | −$18.7M | −61.86% | +1.66% |
| Q1 2019 | 2019-03-31 | $87.6M | $55.4M | +172.35% | +12.98% |
| Q4 2018 | 2018-12-31 | $40.9M | −$44.0M | −51.86% | +6.02% |
| Q3 2018 | 2018-09-30 | $116.9M | $16.7M | +16.64% | +17.85% |
| Q2 2018 | 2018-06-30 | $30.3M | $28.1M | +1270.50% | +4.72% |
| Q1 2018 | 2018-03-31 | $32.2M | −$118.9M | −78.70% | +5.19% |
| Q4 2017 | 2017-12-31 | $84.9M | −$32.0M | −27.40% | +18.65% |
| Q3 2017 | 2017-09-30 | $100.3M | $57.9M | +136.60% | +22.77% |
| Q2 2017 | 2017-06-30 | $2.2M | −$3.4M | −60.94% | +0.51% |
| Q1 2017 | 2017-03-31 | $151.0M | $99.4M | +192.34% | +34.96% |
| Q4 2016 | 2016-12-31 | $116.9M | $14.7M | +14.42% | +26.87% |
| Q3 2016 | 2016-09-30 | $42.4M | −$19.7M | −31.73% | +10.08% |
| Q2 2016 | 2016-06-30 | $5.7M | −$9.0M | −61.45% | +1.38% |
| Q1 2016 | 2016-03-31 | $51.7M | $1.2M | +2.45% | +12.90% |
| Q4 2015 | 2015-12-31 | $102.2M | $37.1M | +57.09% | +25.33% |
| Q3 2015 | 2015-09-30 | $62.1M | −$39.3M | −38.76% | +15.72% |
| Q2 2015 | 2015-06-30 | $14.7M | $76.4M | — | +3.78% |
| Q1 2015 | 2015-03-31 | $50.4M | $17.9M | +55.17% | +12.99% |
| Q4 2014 | 2014-12-31 | $65.0M | −$26.3M | −28.78% | +16.67% |
| Q3 2014 | 2014-09-30 | $101.3M | $63.9M | +170.96% | +26.15% |
| Q2 2014 | 2014-06-30 | −$61.7M | −$64.8M | — | −16.41% |
| Q1 2014 | 2014-03-31 | $32.5M | −$27.5M | −45.82% | +9.29% |
| Q4 2013 | 2013-12-31 | $91.3M | $87.8M | +2488.55% | +26.45% |
| Q3 2013 | 2013-09-30 | $37.4M | $14.7M | +64.55% | +11.01% |
| Q2 2013 | 2013-06-30 | $3.0M | $786,000 | +35.00% | +0.91% |
| Q1 2013 | 2013-03-31 | $60.0M | $5.8M | +10.80% | +18.93% |
| Q4 2012 | 2012-12-31 | $3.5M | −$23.6M | −87.00% | +1.18% |
| Q3 2012 | 2012-09-30 | $22.7M | $40.2M | — | +7.96% |
| Q2 2012 | 2012-06-30 | $2.2M | $15.7M | — | +0.81% |
| Q1 2012 | 2012-03-31 | $54.1M | $65.4M | — | +21.45% |
| Q4 2011 | 2011-12-31 | $27.1M | $2.3M | +9.09% | +11.19% |
| Q3 2011 | 2011-09-30 | −$17.5M | −$14.2M | — | −7.26% |
| Q2 2011 | 2011-06-30 | −$13.4M | −$41.1M | — | −5.77% |
| Q1 2011 | 2011-03-31 | −$11.3M | −$18.5M | — | −4.93% |
| Q4 2010 | 2010-12-31 | $24.9M | — | — | +10.72% |
| Q3 2010 | 2010-09-30 | −$3.3M | — | — | −1.45% |
| Q2 2010 | 2010-06-30 | $27.6M | — | — | +12.35% |
| Q1 2010 | 2010-03-31 | $7.2M | — | — | +3.29% |
Icon free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $527.1M to $862.0M, a compound annual growth rate of 10.34%. Icon's latest reported quarter, Q2 2026, generated $238.8M in free cash flow, an increase of 109.66% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Icon filings at SEC.gov ↗