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Side-by-side financial comparison of ICON PLC (ICLR) and Triumph Financial, Inc. (TFIN). Click either name above to swap in a different company.

Triumph Financial, Inc. is the larger business by last-quarter revenue ($2.4B vs $2.0B, roughly 1.2× ICON PLC). Triumph Financial, Inc. runs the higher net margin — 0.3% vs 0.1%, a 0.1% gap on every dollar of revenue. On growth, Triumph Financial, Inc. posted the faster year-over-year revenue change (2.6% vs 0.6%). Over the past eight quarters, Triumph Financial, Inc.'s revenue compounded faster (377.6% 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.

The Triumph Motor Company was a British car and motor manufacturing company in the 19th and 20th centuries. The marque had its origins in 1885 when Siegfried Bettmann of Nuremberg formed S. Bettmann & Co. and started importing bicycles from Europe and selling them under his own trade name in London. The trade name became "Triumph" the following year, and in 1887 Bettmann was joined by a partner, Moritz Schulte, also from Germany. In 1889, the businessmen started producing their own bicycles i...

ICLR vs TFIN — Head-to-Head

Bigger by revenue
TFIN
TFIN
1.2× larger
TFIN
$2.4B
$2.0B
ICLR
Growing faster (revenue YoY)
TFIN
TFIN
+1.9% gap
TFIN
2.6%
0.6%
ICLR
Higher net margin
TFIN
TFIN
0.1% more per $
TFIN
0.3%
0.1%
ICLR
Faster 2-yr revenue CAGR
TFIN
TFIN
Annualised
TFIN
377.6%
0.6%
ICLR

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
ICLR
ICLR
TFIN
TFIN
Revenue
$2.0B
$2.4B
Net Profit
$2.4M
$6.4M
Gross Margin
86.1%
Operating Margin
4.2%
Net Margin
0.1%
0.3%
Revenue YoY
0.6%
2.6%
Net Profit YoY
-98.8%
-66.9%
EPS (diluted)
$0.03
$0.23

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
TFIN
TFIN
Q1 26
$2.4B
Q4 25
$120.1M
Q3 25
$2.0B
$109.3M
Q2 25
$2.0B
$108.1M
Q1 25
$2.0B
$101.6M
Q4 24
$103.6M
Q3 24
$2.0B
$106.2M
Q2 24
$2.1B
$105.1M
Net Profit
ICLR
ICLR
TFIN
TFIN
Q1 26
$6.4M
Q4 25
Q3 25
$2.4M
$1.7M
Q2 25
$183.0M
$4.4M
Q1 25
$154.2M
$17.0K
Q4 24
$3.8M
Q3 24
$197.1M
$5.3M
Q2 24
$146.9M
$2.7M
Gross Margin
ICLR
ICLR
TFIN
TFIN
Q1 26
86.1%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
ICLR
ICLR
TFIN
TFIN
Q1 26
Q4 25
Q3 25
4.2%
1.2%
Q2 25
10.4%
7.3%
Q1 25
11.0%
0.1%
Q4 24
5.6%
Q3 24
14.1%
5.9%
Q2 24
10.8%
3.4%
Net Margin
ICLR
ICLR
TFIN
TFIN
Q1 26
0.3%
Q4 25
Q3 25
0.1%
1.6%
Q2 25
9.1%
4.1%
Q1 25
7.7%
0.0%
Q4 24
3.7%
Q3 24
9.7%
5.0%
Q2 24
6.9%
2.6%
EPS (diluted)
ICLR
ICLR
TFIN
TFIN
Q1 26
$0.23
Q4 25
Q3 25
$0.03
$0.04
Q2 25
$2.30
$0.15
Q1 25
$1.90
$-0.03
Q4 24
$0.13
Q3 24
$2.36
$0.19
Q2 24
$1.76
$0.08

Balance Sheet & Financial Strength

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

Metric
ICLR
ICLR
TFIN
TFIN
Cash + ST InvestmentsLiquidity on hand
$468.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$9.3B
$950.7M
Total Assets
$16.5B
$6.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ICLR
ICLR
TFIN
TFIN
Q1 26
Q4 25
$248.5M
Q3 25
$468.9M
$147.2M
Q2 25
$390.4M
$282.3M
Q1 25
$526.7M
$502.9M
Q4 24
$330.1M
Q3 24
$695.5M
$489.3M
Q2 24
$506.6M
$500.7M
Stockholders' Equity
ICLR
ICLR
TFIN
TFIN
Q1 26
$950.7M
Q4 25
$941.8M
Q3 25
$9.3B
$919.3M
Q2 25
$9.6B
$912.4M
Q1 25
$9.5B
$893.9M
Q4 24
$890.9M
Q3 24
$9.8B
$885.8M
Q2 24
$9.6B
$874.2M
Total Assets
ICLR
ICLR
TFIN
TFIN
Q1 26
$6.9B
Q4 25
$6.4B
Q3 25
$16.5B
$6.4B
Q2 25
$16.6B
$6.5B
Q1 25
$16.7B
$6.3B
Q4 24
$5.9B
Q3 24
$17.2B
$5.9B
Q2 24
$17.0B
$5.8B

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
TFIN
TFIN
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
TFIN
TFIN
Q1 26
Q4 25
$67.1M
Q3 25
$387.6M
$24.4M
Q2 25
$146.2M
$9.8M
Q1 25
$268.2M
$-3.6M
Q4 24
$58.5M
Q3 24
$402.7M
$26.6M
Q2 24
$218.6M
$21.9M
Free Cash Flow
ICLR
ICLR
TFIN
TFIN
Q1 26
Q4 25
Q3 25
$333.9M
$22.4M
Q2 25
$113.9M
$6.8M
Q1 25
$239.3M
$-7.9M
Q4 24
Q3 24
$359.3M
$25.8M
Q2 24
$182.3M
$-31.9M
FCF Margin
ICLR
ICLR
TFIN
TFIN
Q1 26
Q4 25
Q3 25
16.3%
20.5%
Q2 25
5.6%
6.2%
Q1 25
12.0%
-7.7%
Q4 24
Q3 24
17.7%
24.3%
Q2 24
8.6%
-30.3%
Capex Intensity
ICLR
ICLR
TFIN
TFIN
Q1 26
Q4 25
Q3 25
2.6%
1.8%
Q2 25
1.6%
2.8%
Q1 25
1.4%
4.2%
Q4 24
Q3 24
2.1%
0.8%
Q2 24
1.7%
51.1%
Cash Conversion
ICLR
ICLR
TFIN
TFIN
Q1 26
Q4 25
Q3 25
164.59×
14.29×
Q2 25
0.80×
2.22×
Q1 25
1.74×
-212.82×
Q4 24
15.25×
Q3 24
2.04×
4.97×
Q2 24
1.49×
7.95×

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%

TFIN
TFIN

Segment breakdown not available.

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