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Side-by-side financial comparison of ICON PLC (ICLR) and SELECTIVE INSURANCE GROUP INC (SIGI). 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× SELECTIVE INSURANCE GROUP INC). SELECTIVE INSURANCE GROUP INC runs the higher net margin — 7.2% vs 0.1%, a 7.1% gap on every dollar of revenue. On growth, SELECTIVE INSURANCE GROUP INC posted the faster year-over-year revenue change (5.7% vs 0.6%). Over the past eight quarters, SELECTIVE INSURANCE GROUP INC's revenue compounded faster (6.6% 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.

Selective Insurance Group Inc. is a U.S.-based insurance holding company that provides a comprehensive portfolio of property and casualty insurance products, including personal auto, home insurance, commercial property, liability, and workers' compensation coverage. It primarily serves small and medium-sized businesses, individual consumers, and nonprofits across the U.S., distributing offerings via a network of independent insurance agents.

ICLR vs SIGI — Head-to-Head

Bigger by revenue
ICLR
ICLR
1.5× larger
ICLR
$2.0B
$1.4B
SIGI
Growing faster (revenue YoY)
SIGI
SIGI
+5.1% gap
SIGI
5.7%
0.6%
ICLR
Higher net margin
SIGI
SIGI
7.1% more per $
SIGI
7.2%
0.1%
ICLR
Faster 2-yr revenue CAGR
SIGI
SIGI
Annualised
SIGI
6.6%
0.6%
ICLR

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
ICLR
ICLR
SIGI
SIGI
Revenue
$2.0B
$1.4B
Net Profit
$2.4M
$97.7M
Gross Margin
Operating Margin
4.2%
Net Margin
0.1%
7.2%
Revenue YoY
0.6%
5.7%
Net Profit YoY
-98.8%
-37.0%
EPS (diluted)
$0.03
$1.58

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
SIGI
SIGI
Q1 26
$1.4B
Q4 25
$1.4B
Q3 25
$2.0B
$1.4B
Q2 25
$2.0B
$1.3B
Q1 25
$2.0B
$1.3B
Q4 24
$1.3B
Q3 24
$2.0B
$1.2B
Q2 24
$2.1B
$1.2B
Net Profit
ICLR
ICLR
SIGI
SIGI
Q1 26
$97.7M
Q4 25
$155.2M
Q3 25
$2.4M
$115.3M
Q2 25
$183.0M
$85.9M
Q1 25
$154.2M
$109.9M
Q4 24
$95.5M
Q3 24
$197.1M
$92.3M
Q2 24
$146.9M
$-63.3M
Operating Margin
ICLR
ICLR
SIGI
SIGI
Q1 26
Q4 25
14.4%
Q3 25
4.2%
10.7%
Q2 25
10.4%
8.2%
Q1 25
11.0%
10.8%
Q4 24
9.5%
Q3 24
14.1%
9.4%
Q2 24
10.8%
-6.7%
Net Margin
ICLR
ICLR
SIGI
SIGI
Q1 26
7.2%
Q4 25
11.4%
Q3 25
0.1%
8.5%
Q2 25
9.1%
6.5%
Q1 25
7.7%
8.6%
Q4 24
7.6%
Q3 24
9.7%
7.4%
Q2 24
6.9%
-5.3%
EPS (diluted)
ICLR
ICLR
SIGI
SIGI
Q1 26
$1.58
Q4 25
$2.52
Q3 25
$0.03
$1.85
Q2 25
$2.30
$1.36
Q1 25
$1.90
$1.76
Q4 24
$1.53
Q3 24
$2.36
$1.47
Q2 24
$1.76
$-1.08

Balance Sheet & Financial Strength

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

Metric
ICLR
ICLR
SIGI
SIGI
Cash + ST InvestmentsLiquidity on hand
$468.9M
$451.8M
Total DebtLower is stronger
$901.4M
Stockholders' EquityBook value
$9.3B
$3.6B
Total Assets
$16.5B
$15.3B
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ICLR
ICLR
SIGI
SIGI
Q1 26
$451.8M
Q4 25
Q3 25
$468.9M
Q2 25
$390.4M
Q1 25
$526.7M
Q4 24
Q3 24
$695.5M
Q2 24
$506.6M
Total Debt
ICLR
ICLR
SIGI
SIGI
Q1 26
$901.4M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$507.9M
Q3 24
$508.2M
Q2 24
$508.8M
Stockholders' Equity
ICLR
ICLR
SIGI
SIGI
Q1 26
$3.6B
Q4 25
$3.6B
Q3 25
$9.3B
$3.5B
Q2 25
$9.6B
$3.4B
Q1 25
$9.5B
$3.3B
Q4 24
$3.1B
Q3 24
$9.8B
$3.2B
Q2 24
$9.6B
$2.9B
Total Assets
ICLR
ICLR
SIGI
SIGI
Q1 26
$15.3B
Q4 25
$15.2B
Q3 25
$16.5B
$15.0B
Q2 25
$16.6B
$14.5B
Q1 25
$16.7B
$14.2B
Q4 24
$13.5B
Q3 24
$17.2B
$13.5B
Q2 24
$17.0B
$12.6B
Debt / Equity
ICLR
ICLR
SIGI
SIGI
Q1 26
0.25×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.16×
Q3 24
0.16×
Q2 24
0.17×

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
SIGI
SIGI
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.

Operating Cash Flow
ICLR
ICLR
SIGI
SIGI
Q1 26
Q4 25
$376.3M
Q3 25
$387.6M
$405.8M
Q2 25
$146.2M
$166.9M
Q1 25
$268.2M
$284.0M
Q4 24
$332.2M
Q3 24
$402.7M
$387.4M
Q2 24
$218.6M
$266.1M
Free Cash Flow
ICLR
ICLR
SIGI
SIGI
Q1 26
Q4 25
$366.3M
Q3 25
$333.9M
$397.3M
Q2 25
$113.9M
$159.7M
Q1 25
$239.3M
$271.0M
Q4 24
$324.7M
Q3 24
$359.3M
$378.0M
Q2 24
$182.3M
$258.4M
FCF Margin
ICLR
ICLR
SIGI
SIGI
Q1 26
Q4 25
26.8%
Q3 25
16.3%
29.2%
Q2 25
5.6%
12.0%
Q1 25
12.0%
21.1%
Q4 24
25.8%
Q3 24
17.7%
30.4%
Q2 24
8.6%
21.6%
Capex Intensity
ICLR
ICLR
SIGI
SIGI
Q1 26
Q4 25
0.7%
Q3 25
2.6%
0.6%
Q2 25
1.6%
0.5%
Q1 25
1.4%
1.0%
Q4 24
0.6%
Q3 24
2.1%
0.8%
Q2 24
1.7%
0.6%
Cash Conversion
ICLR
ICLR
SIGI
SIGI
Q1 26
Q4 25
2.42×
Q3 25
164.59×
3.52×
Q2 25
0.80×
1.94×
Q1 25
1.74×
2.58×
Q4 24
3.48×
Q3 24
2.04×
4.20×
Q2 24
1.49×

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%

SIGI
SIGI

Segment breakdown not available.

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