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Side-by-side financial comparison of ICON PLC (ICLR) and Snowflake Inc. (SNOW). Click either name above to swap in a different company.
ICON PLC is the larger business by last-quarter revenue ($2.0B vs $1.2B, roughly 1.7× Snowflake Inc.). ICON PLC runs the higher net margin — 0.1% vs -24.2%, a 24.4% gap on every dollar of revenue. On growth, Snowflake Inc. posted the faster year-over-year revenue change (28.7% vs 0.6%). ICON PLC produced more free cash flow last quarter ($333.9M vs $113.6M). Over the past eight quarters, Snowflake Inc.'s revenue compounded faster (25.1% 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.
Snowflake Inc. is an American cloud-based data platform company founded in San Mateo, California, and headquartered in Bozeman, Montana. It operates a platform that supports data analysis and simultaneous access to data sets with minimal latency. It operates on Amazon Web Services, Microsoft Azure, and Google Cloud Platform.
ICLR vs SNOW — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $1.2B |
| Net Profit | $2.4M | $-294.0M |
| Gross Margin | — | 67.8% |
| Operating Margin | 4.2% | -27.2% |
| Net Margin | 0.1% | -24.2% |
| Revenue YoY | 0.6% | 28.7% |
| Net Profit YoY | -98.8% | 9.4% |
| EPS (diluted) | $0.03 | $-0.87 |
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.
| Q4 25 | — | $1.2B | ||
| Q3 25 | $2.0B | $1.1B | ||
| Q2 25 | $2.0B | $1.0B | ||
| Q1 25 | $2.0B | $986.8M | ||
| Q4 24 | — | $942.1M | ||
| Q3 24 | $2.0B | $868.8M | ||
| Q2 24 | $2.1B | $828.7M | ||
| Q1 24 | $2.1B | $774.7M |
| Q4 25 | — | $-294.0M | ||
| Q3 25 | $2.4M | $-298.0M | ||
| Q2 25 | $183.0M | $-430.1M | ||
| Q1 25 | $154.2M | $-327.5M | ||
| Q4 24 | — | $-324.3M | ||
| Q3 24 | $197.1M | $-316.9M | ||
| Q2 24 | $146.9M | $-317.0M | ||
| Q1 24 | $187.4M | $-169.4M |
| Q4 25 | — | 67.8% | ||
| Q3 25 | — | 67.5% | ||
| Q2 25 | — | 66.5% | ||
| Q1 25 | — | 66.2% | ||
| Q4 24 | — | 65.9% | ||
| Q3 24 | — | 66.8% | ||
| Q2 24 | — | 67.1% | ||
| Q1 24 | — | 68.8% |
| Q4 25 | — | -27.2% | ||
| Q3 25 | 4.2% | -29.7% | ||
| Q2 25 | 10.4% | -42.9% | ||
| Q1 25 | 11.0% | -39.2% | ||
| Q4 24 | — | -38.8% | ||
| Q3 24 | 14.1% | -40.9% | ||
| Q2 24 | 10.8% | -42.1% | ||
| Q1 24 | 13.7% | -35.6% |
| Q4 25 | — | -24.2% | ||
| Q3 25 | 0.1% | -26.0% | ||
| Q2 25 | 9.1% | -41.3% | ||
| Q1 25 | 7.7% | -33.2% | ||
| Q4 24 | — | -34.4% | ||
| Q3 24 | 9.7% | -36.5% | ||
| Q2 24 | 6.9% | -38.3% | ||
| Q1 24 | 9.0% | -21.9% |
| Q4 25 | — | $-0.87 | ||
| Q3 25 | $0.03 | $-0.89 | ||
| Q2 25 | $2.30 | $-1.29 | ||
| Q1 25 | $1.90 | $-0.98 | ||
| Q4 24 | — | $-0.98 | ||
| Q3 24 | $2.36 | $-0.95 | ||
| Q2 24 | $1.76 | $-0.95 | ||
| Q1 24 | $2.25 | $-0.51 |
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 | $1.9B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $9.3B | $2.1B |
| Total Assets | $16.5B | $8.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.9B | ||
| Q3 25 | $468.9M | $1.9B | ||
| Q2 25 | $390.4M | $2.2B | ||
| Q1 25 | $526.7M | $2.6B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | $695.5M | $1.3B | ||
| Q2 24 | $506.6M | $1.3B | ||
| Q1 24 | $396.1M | $1.8B |
| Q4 25 | — | $2.1B | ||
| Q3 25 | $9.3B | $2.4B | ||
| Q2 25 | $9.6B | $2.4B | ||
| Q1 25 | $9.5B | $3.0B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | $9.8B | $4.1B | ||
| Q2 24 | $9.6B | $4.6B | ||
| Q1 24 | $9.4B | $5.2B |
| Q4 25 | — | $8.2B | ||
| Q3 25 | $16.5B | $8.2B | ||
| Q2 25 | $16.6B | $8.2B | ||
| Q1 25 | $16.7B | $9.0B | ||
| Q4 24 | — | $8.2B | ||
| Q3 24 | $17.2B | $6.9B | ||
| Q2 24 | $17.0B | $7.3B | ||
| Q1 24 | $17.0B | $8.2B |
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 | $137.5M |
| Free Cash FlowOCF − Capex | $333.9M | $113.6M |
| FCF MarginFCF / Revenue | 16.3% | 9.4% |
| Capex IntensityCapex / Revenue | 2.6% | 2.0% |
| Cash ConversionOCF / Net Profit | 164.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.0B | $776.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $137.5M | ||
| Q3 25 | $387.6M | $74.9M | ||
| Q2 25 | $146.2M | $228.4M | ||
| Q1 25 | $268.2M | $432.7M | ||
| Q4 24 | — | $101.7M | ||
| Q3 24 | $402.7M | $69.9M | ||
| Q2 24 | $218.6M | $355.5M | ||
| Q1 24 | $327.1M | $344.6M |
| Q4 25 | — | $113.6M | ||
| Q3 25 | $333.9M | $58.2M | ||
| Q2 25 | $113.9M | $183.4M | ||
| Q1 25 | $239.3M | $421.4M | ||
| Q4 24 | — | $88.3M | ||
| Q3 24 | $359.3M | $64.8M | ||
| Q2 24 | $182.3M | $338.9M | ||
| Q1 24 | $299.9M | $331.5M |
| Q4 25 | — | 9.4% | ||
| Q3 25 | 16.3% | 5.1% | ||
| Q2 25 | 5.6% | 17.6% | ||
| Q1 25 | 12.0% | 42.7% | ||
| Q4 24 | — | 9.4% | ||
| Q3 24 | 17.7% | 7.5% | ||
| Q2 24 | 8.6% | 40.9% | ||
| Q1 24 | 14.3% | 42.8% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | 2.6% | 1.5% | ||
| Q2 25 | 1.6% | 4.3% | ||
| Q1 25 | 1.4% | 1.1% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | 2.1% | 0.6% | ||
| Q2 24 | 1.7% | 2.0% | ||
| Q1 24 | 1.3% | 1.7% |
| Q4 25 | — | — | ||
| Q3 25 | 164.59× | — | ||
| Q2 25 | 0.80× | — | ||
| Q1 25 | 1.74× | — | ||
| Q4 24 | — | — | ||
| 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
| Other Customers | $681.3M | 33% |
| Clients1125 | $549.4M | 27% |
| Clients15 | $503.3M | 25% |
| Clients610 | $308.8M | 15% |
SNOW
| Products | $1.2B | 96% |
| Professional Services And Other | $54.5M | 4% |
| Related Party | $6.7M | 1% |
