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Side-by-side financial comparison of ICON PLC (ICLR) and Lineage, Inc. (LINE). Click either name above to swap in a different company.
ICON PLC is the larger business by last-quarter revenue ($2.0B vs $1.4B, roughly 1.5× Lineage, Inc.). ICON PLC runs the higher net margin — 0.1% vs -7.3%, a 7.4% gap on every dollar of revenue. On growth, Lineage, Inc. posted the faster year-over-year revenue change (3.1% vs 0.6%). ICON PLC produced more free cash flow last quarter ($333.9M vs $35.0M).
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.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
ICLR vs LINE — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $1.4B |
| Net Profit | $2.4M | $-100.0M |
| Gross Margin | — | 32.3% |
| Operating Margin | 4.2% | 2.5% |
| Net Margin | 0.1% | -7.3% |
| Revenue YoY | 0.6% | 3.1% |
| Net Profit YoY | -98.8% | 79.4% |
| EPS (diluted) | $0.03 | $-0.44 |
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.
| Q3 25 | $2.0B | $1.4B | ||
| Q2 25 | $2.0B | $1.4B | ||
| Q1 25 | $2.0B | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $2.0B | $1.3B | ||
| Q2 24 | $2.1B | $1.3B | ||
| Q1 24 | $2.1B | $1.3B | ||
| Q3 23 | $2.1B | — |
| Q3 25 | $2.4M | $-100.0M | ||
| Q2 25 | $183.0M | $-6.0M | ||
| Q1 25 | $154.2M | $0 | ||
| Q4 24 | — | $-71.0M | ||
| Q3 24 | $197.1M | $-485.0M | ||
| Q2 24 | $146.9M | $-68.0M | ||
| Q1 24 | $187.4M | $-40.0M | ||
| Q3 23 | $163.7M | — |
| Q3 25 | — | 32.3% | ||
| Q2 25 | — | 31.9% | ||
| Q1 25 | — | 32.2% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | — | 32.8% | ||
| Q2 24 | — | 33.4% | ||
| Q1 24 | — | 33.4% | ||
| Q3 23 | — | — |
| Q3 25 | 4.2% | 2.5% | ||
| Q2 25 | 10.4% | 1.7% | ||
| Q1 25 | 11.0% | 4.3% | ||
| Q4 24 | — | -1.6% | ||
| Q3 24 | 14.1% | -38.6% | ||
| Q2 24 | 10.8% | 5.5% | ||
| Q1 24 | 13.7% | 7.6% | ||
| Q3 23 | 12.9% | — |
| Q3 25 | 0.1% | -7.3% | ||
| Q2 25 | 9.1% | -0.4% | ||
| Q1 25 | 7.7% | — | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | 9.7% | -36.3% | ||
| Q2 24 | 6.9% | -5.1% | ||
| Q1 24 | 9.0% | -3.0% | ||
| Q3 23 | 8.0% | — |
| Q3 25 | $0.03 | $-0.44 | ||
| Q2 25 | $2.30 | $-0.03 | ||
| Q1 25 | $1.90 | $0.01 | ||
| Q4 24 | — | $-0.52 | ||
| Q3 24 | $2.36 | $-2.44 | ||
| Q2 24 | $1.76 | $-0.46 | ||
| Q1 24 | $2.25 | $-0.28 | ||
| Q3 23 | $1.97 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $468.9M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $9.3B | $8.4B |
| Total Assets | $16.5B | $19.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $468.9M | — | ||
| Q2 25 | $390.4M | — | ||
| Q1 25 | $526.7M | — | ||
| Q4 24 | — | $173.0M | ||
| Q3 24 | $695.5M | $409.0M | ||
| Q2 24 | $506.6M | $73.0M | ||
| Q1 24 | $396.1M | — | ||
| Q3 23 | $313.1M | — |
| Q3 25 | $9.3B | $8.4B | ||
| Q2 25 | $9.6B | $8.6B | ||
| Q1 25 | $9.5B | $8.6B | ||
| Q4 24 | — | $8.6B | ||
| Q3 24 | $9.8B | $9.0B | ||
| Q2 24 | $9.6B | $4.9B | ||
| Q1 24 | $9.4B | $5.6B | ||
| Q3 23 | $9.0B | — |
| Q3 25 | $16.5B | $19.2B | ||
| Q2 25 | $16.6B | $19.4B | ||
| Q1 25 | $16.7B | $18.8B | ||
| Q4 24 | — | $18.7B | ||
| Q3 24 | $17.2B | $19.3B | ||
| Q2 24 | $17.0B | $18.8B | ||
| Q1 24 | $17.0B | — | ||
| Q3 23 | $17.0B | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $387.6M | $230.0M |
| Free Cash FlowOCF − Capex | $333.9M | $35.0M |
| FCF MarginFCF / Revenue | 16.3% | 2.5% |
| Capex IntensityCapex / Revenue | 2.6% | 14.2% |
| Cash ConversionOCF / Net Profit | 164.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.0B | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $387.6M | $230.0M | ||
| Q2 25 | $146.2M | $258.0M | ||
| Q1 25 | $268.2M | $139.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $402.7M | $186.0M | ||
| Q2 24 | $218.6M | $155.0M | ||
| Q1 24 | $327.1M | $105.0M | ||
| Q3 23 | $341.5M | — |
| Q3 25 | $333.9M | $35.0M | ||
| Q2 25 | $113.9M | $95.0M | ||
| Q1 25 | $239.3M | $-12.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $359.3M | $33.0M | ||
| Q2 24 | $182.3M | $-31.0M | ||
| Q1 24 | $299.9M | $-42.0M | ||
| Q3 23 | $312.4M | — |
| Q3 25 | 16.3% | 2.5% | ||
| Q2 25 | 5.6% | 7.0% | ||
| Q1 25 | 12.0% | -0.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | 17.7% | 2.5% | ||
| Q2 24 | 8.6% | -2.3% | ||
| Q1 24 | 14.3% | -3.2% | ||
| Q3 23 | 15.2% | — |
| Q3 25 | 2.6% | 14.2% | ||
| Q2 25 | 1.6% | 12.1% | ||
| Q1 25 | 1.4% | 11.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.1% | 11.5% | ||
| Q2 24 | 1.7% | 13.9% | ||
| Q1 24 | 1.3% | 11.1% | ||
| Q3 23 | 1.4% | — |
| Q3 25 | 164.59× | — | ||
| Q2 25 | 0.80× | — | ||
| Q1 25 | 1.74× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.04× | — | ||
| Q2 24 | 1.49× | — | ||
| Q1 24 | 1.74× | — | ||
| Q3 23 | 2.09× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ICLR
| Other Customers | $681.3M | 33% |
| Clients1125 | $549.4M | 27% |
| Clients15 | $503.3M | 25% |
| Clients610 | $308.8M | 15% |
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
