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Side-by-side financial comparison of ICON PLC (ICLR) and Roper Technologies (ROP). Click either name above to swap in a different company.
Roper Technologies is the larger business by last-quarter revenue ($2.1B vs $2.0B, roughly 1.0× ICON PLC). Roper Technologies runs the higher net margin — 15.8% vs 0.1%, a 15.7% gap on every dollar of revenue. On growth, Roper Technologies posted the faster year-over-year revenue change (11.3% vs 0.6%). Roper Technologies produced more free cash flow last quarter ($507.0M vs $333.9M). Over the past eight quarters, Roper Technologies's revenue compounded faster (10.5% 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.
Roper Technologies, Inc. is a holding company that owns companies in the technology sector.
ICLR vs ROP — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $2.1B |
| Net Profit | $2.4M | $331.0M |
| Gross Margin | — | 69.4% |
| Operating Margin | 4.2% | 27.2% |
| Net Margin | 0.1% | 15.8% |
| Revenue YoY | 0.6% | 11.3% |
| Net Profit YoY | -98.8% | 53.7% |
| EPS (diluted) | $0.03 | $4.87 |
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 | — | $2.1B | ||
| Q4 25 | — | $2.1B | ||
| Q3 25 | $2.0B | $2.0B | ||
| Q2 25 | $2.0B | $1.9B | ||
| Q1 25 | $2.0B | $1.9B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | $2.0B | $1.8B | ||
| Q2 24 | $2.1B | $1.7B |
| Q1 26 | — | $331.0M | ||
| Q4 25 | — | $428.4M | ||
| Q3 25 | $2.4M | $398.5M | ||
| Q2 25 | $183.0M | $378.3M | ||
| Q1 25 | $154.2M | $331.1M | ||
| Q4 24 | — | $462.3M | ||
| Q3 24 | $197.1M | $367.9M | ||
| Q2 24 | $146.9M | $337.1M |
| Q1 26 | — | 69.4% | ||
| Q4 25 | — | 69.5% | ||
| Q3 25 | — | 69.5% | ||
| Q2 25 | — | 69.2% | ||
| Q1 25 | — | 68.7% | ||
| Q4 24 | — | 68.3% | ||
| Q3 24 | — | 69.2% | ||
| Q2 24 | — | 69.5% |
| Q1 26 | — | 27.2% | ||
| Q4 25 | — | 28.6% | ||
| Q3 25 | 4.2% | 28.4% | ||
| Q2 25 | 10.4% | 28.2% | ||
| Q1 25 | 11.0% | 27.9% | ||
| Q4 24 | — | 28.0% | ||
| Q3 24 | 14.1% | 28.1% | ||
| Q2 24 | 10.8% | 28.8% |
| Q1 26 | — | 15.8% | ||
| Q4 25 | — | 20.8% | ||
| Q3 25 | 0.1% | 19.8% | ||
| Q2 25 | 9.1% | 19.5% | ||
| Q1 25 | 7.7% | 17.6% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | 9.7% | 20.8% | ||
| Q2 24 | 6.9% | 19.6% |
| Q1 26 | — | $4.87 | ||
| Q4 25 | — | $3.97 | ||
| Q3 25 | $0.03 | $3.68 | ||
| Q2 25 | $2.30 | $3.49 | ||
| Q1 25 | $1.90 | $3.06 | ||
| Q4 24 | — | $4.29 | ||
| Q3 24 | $2.36 | $3.40 | ||
| Q2 24 | $1.76 | $3.12 |
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 | $382.9M |
| Total DebtLower is stronger | — | $9.7B |
| Stockholders' EquityBook value | $9.3B | $18.8B |
| Total Assets | $16.5B | $34.6B |
| Debt / EquityLower = less leverage | — | 0.52× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $382.9M | ||
| Q4 25 | — | $297.4M | ||
| Q3 25 | $468.9M | $320.0M | ||
| Q2 25 | $390.4M | $242.4M | ||
| Q1 25 | $526.7M | $372.8M | ||
| Q4 24 | — | $188.2M | ||
| Q3 24 | $695.5M | $269.6M | ||
| Q2 24 | $506.6M | $251.5M |
| Q1 26 | — | $9.7B | ||
| Q4 25 | — | $9.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $7.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $18.8B | ||
| Q4 25 | — | $19.9B | ||
| Q3 25 | $9.3B | $20.0B | ||
| Q2 25 | $9.6B | $19.6B | ||
| Q1 25 | $9.5B | $19.2B | ||
| Q4 24 | — | $18.9B | ||
| Q3 24 | $9.8B | $18.5B | ||
| Q2 24 | $9.6B | $18.1B |
| Q1 26 | — | $34.6B | ||
| Q4 25 | — | $34.6B | ||
| Q3 25 | $16.5B | $34.6B | ||
| Q2 25 | $16.6B | $33.2B | ||
| Q1 25 | $16.7B | $31.4B | ||
| Q4 24 | — | $31.3B | ||
| Q3 24 | $17.2B | $31.6B | ||
| Q2 24 | $17.0B | $29.8B |
| Q1 26 | — | 0.52× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| Free Cash FlowOCF − Capex | $333.9M | $507.0M |
| FCF MarginFCF / Revenue | 16.3% | 24.2% |
| Capex IntensityCapex / Revenue | 2.6% | 0.5% |
| 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 | — | $738.0M | ||
| Q3 25 | $387.6M | $869.5M | ||
| Q2 25 | $146.2M | $404.1M | ||
| Q1 25 | $268.2M | $528.7M | ||
| Q4 24 | — | $722.2M | ||
| Q3 24 | $402.7M | $755.4M | ||
| Q2 24 | $218.6M | $384.1M |
| Q1 26 | — | $507.0M | ||
| 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 | — | 24.2% | ||
| 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 | — | 0.5% | ||
| 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 | — | 1.72× | ||
| Q3 25 | 164.59× | 2.18× | ||
| Q2 25 | 0.80× | 1.07× | ||
| Q1 25 | 1.74× | 1.60× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | 2.04× | 2.05× | ||
| Q2 24 | 1.49× | 1.14× |
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% |
ROP
Segment breakdown not available.
