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Side-by-side financial comparison of ICON PLC (ICLR) and MERCURY GENERAL CORP (MCY). Click either name above to swap in a different company.
ICON PLC is the larger business by last-quarter revenue ($2.0B vs $1.5B, roughly 1.3× MERCURY GENERAL CORP). MERCURY GENERAL CORP runs the higher net margin — 13.2% vs 0.1%, a 13.1% gap on every dollar of revenue. On growth, MERCURY GENERAL CORP posted the faster year-over-year revenue change (12.4% vs 0.6%). ICON PLC produced more free cash flow last quarter ($333.9M vs $273.9M). Over the past eight quarters, MERCURY GENERAL CORP's revenue compounded faster (9.8% CAGR vs 0.6%).
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.
Mercury General Corporation is a multiple-line insurance organization that offers personal automobiles, homeowners, renters, and business insurance. Mercury's primary focus is automobiles and homeowners' insurance.
ICLR vs MCY — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $1.5B |
| Net Profit | $2.4M | $202.5M |
| Gross Margin | — | 99.7% |
| Operating Margin | 4.2% | 16.2% |
| Net Margin | 0.1% | 13.2% |
| Revenue YoY | 0.6% | 12.4% |
| Net Profit YoY | -98.8% | 100.4% |
| EPS (diluted) | $0.03 | $3.66 |
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.
| Q4 25 | — | $1.5B | ||
| Q3 25 | $2.0B | $1.6B | ||
| Q2 25 | $2.0B | $1.5B | ||
| Q1 25 | $2.0B | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $2.0B | $1.5B | ||
| Q2 24 | $2.1B | $1.3B | ||
| Q1 24 | $2.1B | $1.3B |
| Q4 25 | — | $202.5M | ||
| Q3 25 | $2.4M | $280.4M | ||
| Q2 25 | $183.0M | $166.5M | ||
| Q1 25 | $154.2M | $-108.3M | ||
| Q4 24 | — | $101.1M | ||
| Q3 24 | $197.1M | $230.9M | ||
| Q2 24 | $146.9M | $62.6M | ||
| Q1 24 | $187.4M | $73.5M |
| Q4 25 | — | 99.7% | ||
| Q3 25 | — | 99.8% | ||
| Q2 25 | — | 99.8% | ||
| Q1 25 | — | 99.7% | ||
| Q4 24 | — | 99.7% | ||
| Q3 24 | — | 99.8% | ||
| Q2 24 | — | 99.8% | ||
| Q1 24 | — | 99.7% |
| Q4 25 | — | 16.2% | ||
| Q3 25 | 4.2% | 22.1% | ||
| Q2 25 | 10.4% | 14.0% | ||
| Q1 25 | 11.0% | -10.2% | ||
| Q4 24 | — | 9.0% | ||
| Q3 24 | 14.1% | 18.8% | ||
| Q2 24 | 10.8% | 5.8% | ||
| Q1 24 | 13.7% | 7.0% |
| Q4 25 | — | 13.2% | ||
| Q3 25 | 0.1% | 17.7% | ||
| Q2 25 | 9.1% | 11.3% | ||
| Q1 25 | 7.7% | -7.8% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | 9.7% | 15.1% | ||
| Q2 24 | 6.9% | 4.8% | ||
| Q1 24 | 9.0% | 5.8% |
| Q4 25 | — | $3.66 | ||
| Q3 25 | $0.03 | $5.06 | ||
| Q2 25 | $2.30 | $3.01 | ||
| Q1 25 | $1.90 | $-1.96 | ||
| Q4 24 | — | $1.82 | ||
| Q3 24 | $2.36 | $4.17 | ||
| Q2 24 | $1.76 | $1.13 | ||
| Q1 24 | $2.25 | $1.33 |
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 | — | $575.0M |
| Stockholders' EquityBook value | $9.3B | $2.4B |
| Total Assets | $16.5B | $9.6B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $468.9M | — | ||
| Q2 25 | $390.4M | — | ||
| Q1 25 | $526.7M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $695.5M | — | ||
| Q2 24 | $506.6M | — | ||
| Q1 24 | $396.1M | — |
| Q4 25 | — | $575.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $575.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $2.4B | ||
| Q3 25 | $9.3B | $2.2B | ||
| Q2 25 | $9.6B | $2.0B | ||
| Q1 25 | $9.5B | $1.8B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | $9.8B | $1.9B | ||
| Q2 24 | $9.6B | $1.6B | ||
| Q1 24 | $9.4B | $1.6B |
| Q4 25 | — | $9.6B | ||
| Q3 25 | $16.5B | $9.4B | ||
| Q2 25 | $16.6B | $9.1B | ||
| Q1 25 | $16.7B | $9.0B | ||
| Q4 24 | — | $8.3B | ||
| Q3 24 | $17.2B | $8.2B | ||
| Q2 24 | $17.0B | $7.7B | ||
| Q1 24 | $17.0B | $7.4B |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.30× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $387.6M | $287.9M |
| Free Cash FlowOCF − Capex | $333.9M | $273.9M |
| FCF MarginFCF / Revenue | 16.3% | 17.8% |
| Capex IntensityCapex / Revenue | 2.6% | 0.9% |
| Cash ConversionOCF / Net Profit | 164.59× | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | $1.0B | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $287.9M | ||
| Q3 25 | $387.6M | $496.4M | ||
| Q2 25 | $146.2M | $371.6M | ||
| Q1 25 | $268.2M | $-68.7M | ||
| Q4 24 | — | $248.3M | ||
| Q3 24 | $402.7M | $318.1M | ||
| Q2 24 | $218.6M | $278.0M | ||
| Q1 24 | $327.1M | $192.6M |
| Q4 25 | — | $273.9M | ||
| Q3 25 | $333.9M | $479.5M | ||
| Q2 25 | $113.9M | $357.2M | ||
| Q1 25 | $239.3M | $-81.9M | ||
| Q4 24 | — | $236.0M | ||
| Q3 24 | $359.3M | $306.2M | ||
| Q2 24 | $182.3M | $266.5M | ||
| Q1 24 | $299.9M | $182.4M |
| Q4 25 | — | 17.8% | ||
| Q3 25 | 16.3% | 30.3% | ||
| Q2 25 | 5.6% | 24.2% | ||
| Q1 25 | 12.0% | -5.9% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | 17.7% | 20.0% | ||
| Q2 24 | 8.6% | 20.4% | ||
| Q1 24 | 14.3% | 14.3% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | 2.6% | 1.1% | ||
| Q2 25 | 1.6% | 1.0% | ||
| Q1 25 | 1.4% | 0.9% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | 2.1% | 0.8% | ||
| Q2 24 | 1.7% | 0.9% | ||
| Q1 24 | 1.3% | 0.8% |
| Q4 25 | — | 1.42× | ||
| Q3 25 | 164.59× | 1.77× | ||
| Q2 25 | 0.80× | 2.23× | ||
| Q1 25 | 1.74× | — | ||
| Q4 24 | — | 2.46× | ||
| Q3 24 | 2.04× | 1.38× | ||
| Q2 24 | 1.49× | 4.44× | ||
| Q1 24 | 1.74× | 2.62× |
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% |
MCY
Segment breakdown not available.
