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

ICON PLC is the larger business by last-quarter revenue ($2.0B vs $2.0B, roughly 1.0× MNTN, Inc.). MNTN, Inc. runs the higher net margin — 0.4% vs 0.1%, a 0.3% gap on every dollar of revenue. On growth, ICON PLC posted the faster year-over-year revenue change (0.6% vs -0.0%).

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.

MNTN Inc. is a U.S.-headquartered advertising technology firm specializing in performance-driven connected TV (CTV) advertising solutions. It serves e-commerce, retail, and consumer goods brands, helping clients accurately measure ad campaign ROI and reach targeted audiences across streaming TV platforms in North American and European markets.

ICLR vs MNTN — Head-to-Head

Bigger by revenue
ICLR
ICLR
1.0× larger
ICLR
$2.0B
$2.0B
MNTN
Growing faster (revenue YoY)
ICLR
ICLR
+0.7% gap
ICLR
0.6%
-0.0%
MNTN
Higher net margin
MNTN
MNTN
0.3% more per $
MNTN
0.4%
0.1%
ICLR

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
ICLR
ICLR
MNTN
MNTN
Revenue
$2.0B
$2.0B
Net Profit
$2.4M
$8.8M
Gross Margin
100.0%
Operating Margin
4.2%
97.5%
Net Margin
0.1%
0.4%
Revenue YoY
0.6%
-0.0%
Net Profit YoY
-98.8%
EPS (diluted)
$0.03
$0.11

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
ICLR
ICLR
MNTN
MNTN
Q1 26
$2.0B
Q4 25
$2.0B
Q3 25
$2.0B
$70.0M
Q2 25
$2.0B
$68.5M
Q1 25
$2.0B
Q3 24
$2.0B
Q2 24
$2.1B
Q1 24
$2.1B
Net Profit
ICLR
ICLR
MNTN
MNTN
Q1 26
$8.8M
Q4 25
$34.5M
Q3 25
$2.4M
$6.4M
Q2 25
$183.0M
$-26.2M
Q1 25
$154.2M
Q3 24
$197.1M
Q2 24
$146.9M
Q1 24
$187.4M
Gross Margin
ICLR
ICLR
MNTN
MNTN
Q1 26
100.0%
Q4 25
100.0%
Q3 25
78.9%
Q2 25
76.8%
Q1 25
Q3 24
Q2 24
Q1 24
Operating Margin
ICLR
ICLR
MNTN
MNTN
Q1 26
97.5%
Q4 25
97.5%
Q3 25
4.2%
10.8%
Q2 25
10.4%
5.4%
Q1 25
11.0%
Q3 24
14.1%
Q2 24
10.8%
Q1 24
13.7%
Net Margin
ICLR
ICLR
MNTN
MNTN
Q1 26
0.4%
Q4 25
1.7%
Q3 25
0.1%
9.2%
Q2 25
9.1%
-38.3%
Q1 25
7.7%
Q3 24
9.7%
Q2 24
6.9%
Q1 24
9.0%
EPS (diluted)
ICLR
ICLR
MNTN
MNTN
Q1 26
$0.11
Q4 25
$0.43
Q3 25
$0.03
$0.08
Q2 25
$2.30
$-0.65
Q1 25
$1.90
Q3 24
$2.36
Q2 24
$1.76
Q1 24
$2.25

Balance Sheet & Financial Strength

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

Metric
ICLR
ICLR
MNTN
MNTN
Cash + ST InvestmentsLiquidity on hand
$468.9M
$213.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$9.3B
$318.6M
Total Assets
$16.5B
$375.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ICLR
ICLR
MNTN
MNTN
Q1 26
$213.9M
Q4 25
$210.2M
Q3 25
$468.9M
$179.2M
Q2 25
$390.4M
$175.2M
Q1 25
$526.7M
Q3 24
$695.5M
Q2 24
$506.6M
Q1 24
$396.1M
Stockholders' Equity
ICLR
ICLR
MNTN
MNTN
Q1 26
$318.6M
Q4 25
Q3 25
$9.3B
$266.7M
Q2 25
$9.6B
$238.9M
Q1 25
$9.5B
Q3 24
$9.8B
Q2 24
$9.6B
Q1 24
$9.4B
Total Assets
ICLR
ICLR
MNTN
MNTN
Q1 26
$375.1M
Q4 25
$378.3M
Q3 25
$16.5B
$335.9M
Q2 25
$16.6B
$337.0M
Q1 25
$16.7B
Q3 24
$17.2B
Q2 24
$17.0B
Q1 24
$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
ICLR
ICLR
MNTN
MNTN
Operating Cash FlowLast quarter
$387.6M
$7.1M
Free Cash FlowOCF − Capex
$333.9M
FCF MarginFCF / Revenue
16.3%
Capex IntensityCapex / Revenue
2.6%
Cash ConversionOCF / Net Profit
164.59×
0.81×
TTM Free Cash FlowTrailing 4 quarters
$1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ICLR
ICLR
MNTN
MNTN
Q1 26
$7.1M
Q4 25
$56.5M
Q3 25
$387.6M
$9.3M
Q2 25
$146.2M
$17.6M
Q1 25
$268.2M
Q3 24
$402.7M
Q2 24
$218.6M
Q1 24
$327.1M
Free Cash Flow
ICLR
ICLR
MNTN
MNTN
Q1 26
Q4 25
Q3 25
$333.9M
Q2 25
$113.9M
Q1 25
$239.3M
Q3 24
$359.3M
Q2 24
$182.3M
Q1 24
$299.9M
FCF Margin
ICLR
ICLR
MNTN
MNTN
Q1 26
Q4 25
Q3 25
16.3%
Q2 25
5.6%
Q1 25
12.0%
Q3 24
17.7%
Q2 24
8.6%
Q1 24
14.3%
Capex Intensity
ICLR
ICLR
MNTN
MNTN
Q1 26
Q4 25
Q3 25
2.6%
Q2 25
1.6%
Q1 25
1.4%
Q3 24
2.1%
Q2 24
1.7%
Q1 24
1.3%
Cash Conversion
ICLR
ICLR
MNTN
MNTN
Q1 26
0.81×
Q4 25
1.64×
Q3 25
164.59×
1.45×
Q2 25
0.80×
Q1 25
1.74×
Q3 24
2.04×
Q2 24
1.49×
Q1 24
1.74×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ICLR
ICLR

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

MNTN
MNTN

Segment breakdown not available.

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