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

Consolidated Edison is the larger business by last-quarter revenue ($4.0B vs $2.0B, roughly 1.9× ICON PLC). Consolidated Edison runs the higher net margin — 7.5% vs 0.1%, a 7.4% gap on every dollar of revenue. On growth, Consolidated Edison posted the faster year-over-year revenue change (8.2% vs 0.6%). Over the past eight quarters, ICON PLC's revenue compounded faster (0.6% CAGR vs -3.7%).

Consolidated Edison, Inc., commonly known as Con Edison or ConEd, is an energy company based in New York City. It is one of the largest investor-owned energy companies in the United States, with approximately $15.26 billion in annual revenues as of 2024, and over $70 billion in assets. The company provides a wide range of energy-related products and services to its customers through its subsidiaries:Consolidated Edison Company of New York, Inc.

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.

ED vs ICLR — Head-to-Head

Bigger by revenue
ED
ED
1.9× larger
ED
$4.0B
$2.0B
ICLR
Growing faster (revenue YoY)
ED
ED
+7.6% gap
ED
8.2%
0.6%
ICLR
Higher net margin
ED
ED
7.4% more per $
ED
7.5%
0.1%
ICLR
Faster 2-yr revenue CAGR
ICLR
ICLR
Annualised
ICLR
0.6%
-3.7%
ED

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ED
ED
ICLR
ICLR
Revenue
$4.0B
$2.0B
Net Profit
$298.0M
$2.4M
Gross Margin
Operating Margin
12.3%
4.2%
Net Margin
7.5%
0.1%
Revenue YoY
8.2%
0.6%
Net Profit YoY
-3.9%
-98.8%
EPS (diluted)
$0.81
$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
ED
ED
ICLR
ICLR
Q4 25
$4.0B
Q3 25
$4.6B
$2.0B
Q2 25
$3.6B
$2.0B
Q1 25
$4.9B
$2.0B
Q4 24
$3.7B
Q3 24
$4.2B
$2.0B
Q2 24
$3.3B
$2.1B
Q1 24
$4.3B
$2.1B
Net Profit
ED
ED
ICLR
ICLR
Q4 25
$298.0M
Q3 25
$688.0M
$2.4M
Q2 25
$246.0M
$183.0M
Q1 25
$791.0M
$154.2M
Q4 24
$310.0M
Q3 24
$588.0M
$197.1M
Q2 24
$202.0M
$146.9M
Q1 24
$720.0M
$187.4M
Operating Margin
ED
ED
ICLR
ICLR
Q4 25
12.3%
Q3 25
21.2%
4.2%
Q2 25
9.8%
10.4%
Q1 25
23.0%
11.0%
Q4 24
13.0%
Q3 24
20.4%
14.1%
Q2 24
9.7%
10.8%
Q1 24
23.6%
13.7%
Net Margin
ED
ED
ICLR
ICLR
Q4 25
7.5%
Q3 25
15.1%
0.1%
Q2 25
6.8%
9.1%
Q1 25
16.2%
7.7%
Q4 24
8.5%
Q3 24
13.9%
9.7%
Q2 24
6.1%
6.9%
Q1 24
16.8%
9.0%
EPS (diluted)
ED
ED
ICLR
ICLR
Q4 25
$0.81
Q3 25
$1.90
$0.03
Q2 25
$0.68
$2.30
Q1 25
$2.25
$1.90
Q4 24
$0.89
Q3 24
$1.69
$2.36
Q2 24
$0.58
$1.76
Q1 24
$2.08
$2.25

Balance Sheet & Financial Strength

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

Metric
ED
ED
ICLR
ICLR
Cash + ST InvestmentsLiquidity on hand
$1.6B
$468.9M
Total DebtLower is stronger
$25.8B
Stockholders' EquityBook value
$24.2B
$9.3B
Total Assets
$74.6B
$16.5B
Debt / EquityLower = less leverage
1.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ED
ED
ICLR
ICLR
Q4 25
$1.6B
Q3 25
$181.0M
$468.9M
Q2 25
$1.5B
$390.4M
Q1 25
$360.0M
$526.7M
Q4 24
$1.3B
Q3 24
$93.0M
$695.5M
Q2 24
$1.5B
$506.6M
Q1 24
$169.0M
$396.1M
Total Debt
ED
ED
ICLR
ICLR
Q4 25
$25.8B
Q3 25
Q2 25
Q1 25
Q4 24
$24.7B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ED
ED
ICLR
ICLR
Q4 25
$24.2B
Q3 25
$24.2B
$9.3B
Q2 25
$23.8B
$9.6B
Q1 25
$23.8B
$9.5B
Q4 24
$22.0B
Q3 24
$21.9B
$9.8B
Q2 24
$21.6B
$9.6B
Q1 24
$21.6B
$9.4B
Total Assets
ED
ED
ICLR
ICLR
Q4 25
$74.6B
Q3 25
$71.8B
$16.5B
Q2 25
$71.5B
$16.6B
Q1 25
$70.7B
$16.7B
Q4 24
$70.6B
Q3 24
$68.6B
$17.2B
Q2 24
$67.9B
$17.0B
Q1 24
$66.7B
$17.0B
Debt / Equity
ED
ED
ICLR
ICLR
Q4 25
1.07×
Q3 25
Q2 25
Q1 25
Q4 24
1.13×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
ED
ED
ICLR
ICLR
Operating Cash FlowLast quarter
$1.5B
$387.6M
Free Cash FlowOCF − Capex
$333.9M
FCF MarginFCF / Revenue
16.3%
Capex IntensityCapex / Revenue
2.6%
Cash ConversionOCF / Net Profit
4.97×
164.59×
TTM Free Cash FlowTrailing 4 quarters
$1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ED
ED
ICLR
ICLR
Q4 25
$1.5B
Q3 25
$504.0M
$387.6M
Q2 25
$2.0B
$146.2M
Q1 25
$837.0M
$268.2M
Q4 24
$1.3B
Q3 24
$392.0M
$402.7M
Q2 24
$1.3B
$218.6M
Q1 24
$573.0M
$327.1M
Free Cash Flow
ED
ED
ICLR
ICLR
Q4 25
Q3 25
$333.9M
Q2 25
$113.9M
Q1 25
$239.3M
Q4 24
Q3 24
$359.3M
Q2 24
$182.3M
Q1 24
$299.9M
FCF Margin
ED
ED
ICLR
ICLR
Q4 25
Q3 25
16.3%
Q2 25
5.6%
Q1 25
12.0%
Q4 24
Q3 24
17.7%
Q2 24
8.6%
Q1 24
14.3%
Capex Intensity
ED
ED
ICLR
ICLR
Q4 25
Q3 25
2.6%
Q2 25
1.6%
Q1 25
1.4%
Q4 24
Q3 24
2.1%
Q2 24
1.7%
Q1 24
1.3%
Cash Conversion
ED
ED
ICLR
ICLR
Q4 25
4.97×
Q3 25
0.73×
164.59×
Q2 25
8.04×
0.80×
Q1 25
1.06×
1.74×
Q4 24
4.23×
Q3 24
0.67×
2.04×
Q2 24
6.63×
1.49×
Q1 24
0.80×
1.74×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ED
ED

Electricity$2.9B73%
Oil And Gas Purchased$923.0M23%
Steam Plant$189.0M5%
Con Edison Transmission$1.0M0%

ICLR
ICLR

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

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