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Side-by-side financial comparison of Agilent Technologies (A) and ICON PLC (ICLR). Click either name above to swap in a different company.

ICON PLC is the larger business by last-quarter revenue ($2.0B vs $1.8B, roughly 1.1× Agilent Technologies). Agilent Technologies runs the higher net margin — 17.0% vs 0.1%, a 16.8% gap on every dollar of revenue. On growth, Agilent Technologies posted the faster year-over-year revenue change (7.0% vs 0.6%). ICON PLC produced more free cash flow last quarter ($333.9M vs $175.0M). Over the past eight quarters, Agilent Technologies's revenue compounded faster (6.9% CAGR vs 0.6%).

Agilent Technologies, Inc. provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. The Life Sciences and Applied Markets segment offers liquid chromatography systems and components; liquid chromatography mass spectrometry systems; gas chromatography systems and components; gas chromatography mass spectrometry systems; inductively coupled plasma mass spectrometry instruments; atomic absorption instruments; microwave plasma-atomic emissi...

ICON plc is an Irish headquartered multinational healthcare intelligence and clinical research organisation. As of February 2025 had approximately 41,900 employees in 55 countries.

A vs ICLR — Head-to-Head

Bigger by revenue
ICLR
ICLR
1.1× larger
ICLR
$2.0B
$1.8B
A
Growing faster (revenue YoY)
A
A
+6.3% gap
A
7.0%
0.6%
ICLR
Higher net margin
A
A
16.8% more per $
A
17.0%
0.1%
ICLR
More free cash flow
ICLR
ICLR
$158.9M more FCF
ICLR
$333.9M
$175.0M
A
Faster 2-yr revenue CAGR
A
A
Annualised
A
6.9%
0.6%
ICLR

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
A
A
ICLR
ICLR
Revenue
$1.8B
$2.0B
Net Profit
$305.0M
$2.4M
Gross Margin
52.6%
Operating Margin
19.6%
4.2%
Net Margin
17.0%
0.1%
Revenue YoY
7.0%
0.6%
Net Profit YoY
-4.1%
-98.8%
EPS (diluted)
$1.07
$0.03

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
A
A
ICLR
ICLR
Q1 26
$1.8B
Q4 25
$1.9B
Q3 25
$1.7B
$2.0B
Q2 25
$1.7B
$2.0B
Q1 25
$1.7B
$2.0B
Q4 24
$1.7B
Q3 24
$1.6B
$2.0B
Q2 24
$1.6B
$2.1B
Net Profit
A
A
ICLR
ICLR
Q1 26
$305.0M
Q4 25
$434.0M
Q3 25
$336.0M
$2.4M
Q2 25
$215.0M
$183.0M
Q1 25
$318.0M
$154.2M
Q4 24
$351.0M
Q3 24
$282.0M
$197.1M
Q2 24
$308.0M
$146.9M
Gross Margin
A
A
ICLR
ICLR
Q1 26
52.6%
Q4 25
53.2%
Q3 25
51.1%
Q2 25
51.9%
Q1 25
53.5%
Q4 24
53.9%
Q3 24
54.2%
Q2 24
54.4%
Operating Margin
A
A
ICLR
ICLR
Q1 26
19.6%
Q4 25
23.8%
Q3 25
20.7%
4.2%
Q2 25
18.0%
10.4%
Q1 25
22.4%
11.0%
Q4 24
24.0%
Q3 24
21.1%
14.1%
Q2 24
23.1%
10.8%
Net Margin
A
A
ICLR
ICLR
Q1 26
17.0%
Q4 25
23.3%
Q3 25
19.3%
0.1%
Q2 25
12.9%
9.1%
Q1 25
18.9%
7.7%
Q4 24
20.6%
Q3 24
17.9%
9.7%
Q2 24
19.6%
6.9%
EPS (diluted)
A
A
ICLR
ICLR
Q1 26
$1.07
Q4 25
$1.53
Q3 25
$1.18
$0.03
Q2 25
$0.75
$2.30
Q1 25
$1.11
$1.90
Q4 24
$1.23
Q3 24
$0.97
$2.36
Q2 24
$1.05
$1.76

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
A
A
ICLR
ICLR
Cash + ST InvestmentsLiquidity on hand
$1.8B
$468.9M
Total DebtLower is stronger
$3.0B
Stockholders' EquityBook value
$6.9B
$9.3B
Total Assets
$12.8B
$16.5B
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
A
A
ICLR
ICLR
Q1 26
$1.8B
Q4 25
$1.8B
Q3 25
$1.5B
$468.9M
Q2 25
$1.5B
$390.4M
Q1 25
$1.5B
$526.7M
Q4 24
$1.3B
Q3 24
$1.8B
$695.5M
Q2 24
$1.7B
$506.6M
Total Debt
A
A
ICLR
ICLR
Q1 26
$3.0B
Q4 25
$3.0B
Q3 25
$3.4B
Q2 25
$3.3B
Q1 25
$3.3B
Q4 24
$3.3B
Q3 24
$2.1B
Q2 24
$2.1B
Stockholders' Equity
A
A
ICLR
ICLR
Q1 26
$6.9B
Q4 25
$6.7B
Q3 25
$6.4B
$9.3B
Q2 25
$6.1B
$9.6B
Q1 25
$6.0B
$9.5B
Q4 24
$5.9B
Q3 24
$5.9B
$9.8B
Q2 24
$6.2B
$9.6B
Total Assets
A
A
ICLR
ICLR
Q1 26
$12.8B
Q4 25
$12.7B
Q3 25
$12.2B
$16.5B
Q2 25
$12.2B
$16.6B
Q1 25
$11.9B
$16.7B
Q4 24
$11.8B
Q3 24
$11.0B
$17.2B
Q2 24
$10.9B
$17.0B
Debt / Equity
A
A
ICLR
ICLR
Q1 26
0.44×
Q4 25
0.45×
Q3 25
0.53×
Q2 25
0.55×
Q1 25
0.56×
Q4 24
0.57×
Q3 24
0.36×
Q2 24
0.34×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
A
A
ICLR
ICLR
Operating Cash FlowLast quarter
$268.0M
$387.6M
Free Cash FlowOCF − Capex
$175.0M
$333.9M
FCF MarginFCF / Revenue
9.7%
16.3%
Capex IntensityCapex / Revenue
5.2%
2.6%
Cash ConversionOCF / Net Profit
0.88×
164.59×
TTM Free Cash FlowTrailing 4 quarters
$993.0M
$1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
A
A
ICLR
ICLR
Q1 26
$268.0M
Q4 25
$545.0M
Q3 25
$362.0M
$387.6M
Q2 25
$221.0M
$146.2M
Q1 25
$431.0M
$268.2M
Q4 24
$481.0M
Q3 24
$452.0M
$402.7M
Q2 24
$333.0M
$218.6M
Free Cash Flow
A
A
ICLR
ICLR
Q1 26
$175.0M
Q4 25
$452.0M
Q3 25
$259.0M
$333.9M
Q2 25
$107.0M
$113.9M
Q1 25
$334.0M
$239.3M
Q4 24
$388.0M
Q3 24
$360.0M
$359.3M
Q2 24
$230.0M
$182.3M
FCF Margin
A
A
ICLR
ICLR
Q1 26
9.7%
Q4 25
24.3%
Q3 25
14.9%
16.3%
Q2 25
6.4%
5.6%
Q1 25
19.9%
12.0%
Q4 24
22.8%
Q3 24
22.8%
17.7%
Q2 24
14.6%
8.6%
Capex Intensity
A
A
ICLR
ICLR
Q1 26
5.2%
Q4 25
5.0%
Q3 25
5.9%
2.6%
Q2 25
6.8%
1.6%
Q1 25
5.8%
1.4%
Q4 24
5.5%
Q3 24
5.8%
2.1%
Q2 24
6.5%
1.7%
Cash Conversion
A
A
ICLR
ICLR
Q1 26
0.88×
Q4 25
1.26×
Q3 25
1.08×
164.59×
Q2 25
1.03×
0.80×
Q1 25
1.36×
1.74×
Q4 24
1.37×
Q3 24
1.60×
2.04×
Q2 24
1.08×
1.49×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

A
A

Service Other$525.0M29%
Chemicaland Energy Market$422.0M23%
Agilent Cross Lab$273.0M15%
Environmentaland Forensics Market$177.0M10%
Food Market$166.0M9%
Academiaand Government Market$130.0M7%
Applied Markets$98.0M5%

ICLR
ICLR

Other Customers$681.3M33%
Clients1125$549.4M27%
Clients15$503.3M25%
Clients610$308.8M15%

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