vs
Side-by-side financial comparison of ICON PLC (ICLR) and RENAISSANCERE HOLDINGS LTD (RNR). Click either name above to swap in a different company.
RENAISSANCERE HOLDINGS LTD is the larger business by last-quarter revenue ($2.2B vs $2.0B, roughly 1.1× ICON PLC). RENAISSANCERE HOLDINGS LTD runs the higher net margin — 23.5% vs 0.1%, a 23.4% gap on every dollar of revenue. On growth, ICON PLC posted the faster year-over-year revenue change (0.6% vs -36.8%). Over the past eight quarters, ICON PLC's revenue compounded faster (0.6% CAGR vs -11.9%).
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.
RenaissanceRe Holdings Ltd is a Bermudian provider of reinsurance, insurance and other related business services. The company operates in reinsurance, insurance and ventures.
ICLR vs RNR — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $2.2B |
| Net Profit | $2.4M | $515.8M |
| Gross Margin | — | — |
| Operating Margin | 4.2% | — |
| Net Margin | 0.1% | 23.5% |
| Revenue YoY | 0.6% | -36.8% |
| Net Profit YoY | -98.8% | 72.6% |
| EPS (diluted) | $0.03 | $6.57 |
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.
| Q1 26 | — | $2.2B | ||
| Q4 25 | — | $3.0B | ||
| Q3 25 | $2.0B | $3.2B | ||
| Q2 25 | $2.0B | $3.2B | ||
| Q1 25 | $2.0B | $3.5B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | $2.0B | $4.0B | ||
| Q2 24 | $2.1B | $2.8B |
| Q1 26 | — | $515.8M | ||
| Q4 25 | — | $760.5M | ||
| Q3 25 | $2.4M | $916.5M | ||
| Q2 25 | $183.0M | $835.4M | ||
| Q1 25 | $154.2M | $170.0M | ||
| Q4 24 | — | $-189.7M | ||
| Q3 24 | $197.1M | $1.2B | ||
| Q2 24 | $146.9M | $503.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 42.5% | ||
| Q3 25 | 4.2% | 46.3% | ||
| Q2 25 | 10.4% | 41.8% | ||
| Q1 25 | 11.0% | -2.0% | ||
| Q4 24 | — | -3.6% | ||
| Q3 24 | 14.1% | 43.7% | ||
| Q2 24 | 10.8% | 25.0% |
| Q1 26 | — | 23.5% | ||
| Q4 25 | — | 25.6% | ||
| Q3 25 | 0.1% | 28.7% | ||
| Q2 25 | 9.1% | 26.1% | ||
| Q1 25 | 7.7% | 4.9% | ||
| Q4 24 | — | -8.3% | ||
| Q3 24 | 9.7% | 29.8% | ||
| Q2 24 | 6.9% | 17.8% |
| Q1 26 | — | $6.57 | ||
| Q4 25 | — | $16.16 | ||
| Q3 25 | $0.03 | $19.40 | ||
| Q2 25 | $2.30 | $17.20 | ||
| Q1 25 | $1.90 | $3.27 | ||
| Q4 24 | — | $-3.76 | ||
| Q3 24 | $2.36 | $22.62 | ||
| Q2 24 | $1.76 | $9.41 |
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 | $1.6B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $9.3B | $4.3B |
| Total Assets | $16.5B | $53.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.6B | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | $468.9M | $1.7B | ||
| Q2 25 | $390.4M | $1.4B | ||
| Q1 25 | $526.7M | $1.6B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $695.5M | $1.6B | ||
| Q2 24 | $506.6M | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $2.0B |
| Q1 26 | — | $4.3B | ||
| Q4 25 | — | $11.6B | ||
| Q3 25 | $9.3B | $11.5B | ||
| Q2 25 | $9.6B | $10.8B | ||
| Q1 25 | $9.5B | $10.3B | ||
| Q4 24 | — | $10.6B | ||
| Q3 24 | $9.8B | $11.2B | ||
| Q2 24 | $9.6B | $10.2B |
| Q1 26 | — | $53.7B | ||
| Q4 25 | — | $53.8B | ||
| Q3 25 | $16.5B | $54.5B | ||
| Q2 25 | $16.6B | $54.7B | ||
| Q1 25 | $16.7B | $53.6B | ||
| Q4 24 | — | $50.7B | ||
| Q3 24 | $17.2B | $52.8B | ||
| Q2 24 | $17.0B | $51.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | — | 0.19× |
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 | — |
| Free Cash FlowOCF − Capex | $333.9M | — |
| FCF MarginFCF / Revenue | 16.3% | — |
| Capex IntensityCapex / Revenue | 2.6% | — |
| Cash ConversionOCF / Net Profit | 164.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.0B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $483.0M | ||
| Q3 25 | $387.6M | $1.6B | ||
| Q2 25 | $146.2M | $1.5B | ||
| Q1 25 | $268.2M | $157.8M | ||
| Q4 24 | — | $778.9M | ||
| Q3 24 | $402.7M | $1.5B | ||
| Q2 24 | $218.6M | $1.2B |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | 0.64× | ||
| Q3 25 | 164.59× | 1.73× | ||
| Q2 25 | 0.80× | 1.76× | ||
| Q1 25 | 1.74× | 0.93× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.04× | 1.26× | ||
| Q2 24 | 1.49× | 2.41× |
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% |
RNR
Segment breakdown not available.
