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Side-by-side financial comparison of ICON PLC (ICLR) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.
Molson Coors Beverage Company is the larger business by last-quarter revenue ($2.7B vs $2.0B, roughly 1.3× ICON PLC). Molson Coors Beverage Company runs the higher net margin — 5.5% vs 0.1%, a 5.4% gap on every dollar of revenue. On growth, Molson Coors Beverage Company posted the faster year-over-year revenue change (2.0% vs 0.6%). ICON PLC produced more free cash flow last quarter ($333.9M vs $-212.9M). Over the past eight quarters, ICON PLC's revenue compounded faster (0.6% CAGR vs -15.8%).
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.
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
ICLR vs TAP — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $2.7B |
| Net Profit | $2.4M | $150.1M |
| Gross Margin | — | 33.0% |
| Operating Margin | 4.2% | — |
| Net Margin | 0.1% | 5.5% |
| Revenue YoY | 0.6% | 2.0% |
| Net Profit YoY | -98.8% | 25.0% |
| EPS (diluted) | $0.03 | $0.80 |
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 | — | $2.7B | ||
| Q4 25 | — | $3.1B | ||
| Q3 25 | $2.0B | $3.5B | ||
| Q2 25 | $2.0B | $3.7B | ||
| Q1 25 | $2.0B | $2.7B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | $2.0B | $3.6B | ||
| Q2 24 | $2.1B | $3.8B |
| Q1 26 | — | $150.1M | ||
| Q4 25 | — | $238.3M | ||
| Q3 25 | $2.4M | $-2.9B | ||
| Q2 25 | $183.0M | $428.7M | ||
| Q1 25 | $154.2M | $121.0M | ||
| Q4 24 | — | $287.8M | ||
| Q3 24 | $197.1M | $199.8M | ||
| Q2 24 | $146.9M | $427.0M |
| Q1 26 | — | 33.0% | ||
| Q4 25 | — | 31.0% | ||
| Q3 25 | — | 33.7% | ||
| Q2 25 | — | 34.3% | ||
| Q1 25 | — | 31.6% | ||
| Q4 24 | — | 32.0% | ||
| Q3 24 | — | 33.4% | ||
| Q2 24 | — | 34.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 10.4% | ||
| Q3 25 | 4.2% | -98.5% | ||
| Q2 25 | 10.4% | 15.6% | ||
| Q1 25 | 11.0% | 6.9% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | 14.1% | 12.5% | ||
| Q2 24 | 10.8% | 15.6% |
| Q1 26 | — | 5.5% | ||
| Q4 25 | — | 7.6% | ||
| Q3 25 | 0.1% | -84.0% | ||
| Q2 25 | 9.1% | 11.5% | ||
| Q1 25 | 7.7% | 4.5% | ||
| Q4 24 | — | 8.9% | ||
| Q3 24 | 9.7% | 5.5% | ||
| Q2 24 | 6.9% | 11.1% |
| Q1 26 | — | $0.80 | ||
| Q4 25 | — | $1.32 | ||
| Q3 25 | $0.03 | $-14.79 | ||
| Q2 25 | $2.30 | $2.13 | ||
| Q1 25 | $1.90 | $0.59 | ||
| Q4 24 | — | $1.39 | ||
| Q3 24 | $2.36 | $0.96 | ||
| Q2 24 | $1.76 | $2.03 |
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 | $382.6M |
| Total DebtLower is stronger | — | $3.8B |
| Stockholders' EquityBook value | $9.3B | $10.3B |
| Total Assets | $16.5B | $22.4B |
| Debt / EquityLower = less leverage | — | 0.38× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $382.6M | ||
| Q4 25 | — | $896.5M | ||
| Q3 25 | $468.9M | $950.2M | ||
| Q2 25 | $390.4M | $613.8M | ||
| Q1 25 | $526.7M | $412.7M | ||
| Q4 24 | — | $969.3M | ||
| Q3 24 | $695.5M | $1.0B | ||
| Q2 24 | $506.6M | $1.6B |
| Q1 26 | — | $3.8B | ||
| Q4 25 | — | $6.3B | ||
| Q3 25 | — | $6.3B | ||
| Q2 25 | — | $6.3B | ||
| Q1 25 | — | $6.2B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.2B | ||
| Q2 24 | — | $7.0B |
| Q1 26 | — | $10.3B | ||
| Q4 25 | — | $10.2B | ||
| Q3 25 | $9.3B | $10.3B | ||
| Q2 25 | $9.6B | $13.4B | ||
| Q1 25 | $9.5B | $13.1B | ||
| Q4 24 | — | $13.1B | ||
| Q3 24 | $9.8B | $13.3B | ||
| Q2 24 | $9.6B | $13.2B |
| Q1 26 | — | $22.4B | ||
| Q4 25 | — | $22.7B | ||
| Q3 25 | $16.5B | $22.9B | ||
| Q2 25 | $16.6B | $26.8B | ||
| Q1 25 | $16.7B | $25.9B | ||
| Q4 24 | — | $26.1B | ||
| Q3 24 | $17.2B | $26.6B | ||
| Q2 24 | $17.0B | $27.4B |
| Q1 26 | — | 0.38× | ||
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.61× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.53× |
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 | $-212.9M |
| FCF MarginFCF / Revenue | 16.3% | -7.8% |
| Capex IntensityCapex / Revenue | 2.6% | — |
| Cash ConversionOCF / Net Profit | 164.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.0B | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $540.7M | ||
| Q3 25 | $387.6M | $616.1M | ||
| Q2 25 | $146.2M | $718.3M | ||
| Q1 25 | $268.2M | $-90.7M | ||
| Q4 24 | — | $494.5M | ||
| Q3 24 | $402.7M | $521.2M | ||
| Q2 24 | $218.6M | $869.2M |
| Q1 26 | — | $-212.9M | ||
| Q4 25 | — | $357.8M | ||
| Q3 25 | $333.9M | $483.0M | ||
| Q2 25 | $113.9M | $555.0M | ||
| Q1 25 | $239.3M | $-328.0M | ||
| Q4 24 | — | $383.4M | ||
| Q3 24 | $359.3M | $350.4M | ||
| Q2 24 | $182.3M | $691.7M |
| Q1 26 | — | -7.8% | ||
| Q4 25 | — | 11.4% | ||
| Q3 25 | 16.3% | 13.9% | ||
| Q2 25 | 5.6% | 14.8% | ||
| Q1 25 | 12.0% | -12.2% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | 17.7% | 9.7% | ||
| Q2 24 | 8.6% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.9% | ||
| Q3 25 | 2.6% | 3.8% | ||
| Q2 25 | 1.6% | 4.4% | ||
| Q1 25 | 1.4% | 8.8% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | 2.1% | 4.7% | ||
| Q2 24 | 1.7% | 4.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.27× | ||
| Q3 25 | 164.59× | — | ||
| Q2 25 | 0.80× | 1.68× | ||
| Q1 25 | 1.74× | -0.75× | ||
| Q4 24 | — | 1.72× | ||
| Q3 24 | 2.04× | 2.61× | ||
| Q2 24 | 1.49× | 2.04× |
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% |
TAP
Segment breakdown not available.
