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Side-by-side financial comparison of ICON PLC (ICLR) and Tapestry, Inc. (TPR). Click either name above to swap in a different company.
Tapestry, Inc. is the larger business by last-quarter revenue ($2.5B vs $2.0B, roughly 1.2× ICON PLC). Tapestry, Inc. runs the higher net margin — 22.4% vs 0.1%, a 22.3% gap on every dollar of revenue. On growth, Tapestry, Inc. posted the faster year-over-year revenue change (14.0% vs 0.6%). Tapestry, Inc. produced more free cash flow last quarter ($1.0B vs $333.9M). Over the past eight quarters, Tapestry, Inc.'s revenue compounded faster (29.9% 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.
Tapestry, Inc. is a leading American multinational luxury fashion holding company. It owns three iconic lifestyle brands: Coach, Kate Spade New York, and Stuart Weitzman, offering premium handbags, apparel, footwear, accessories, and fragrances to global consumers via physical retail stores and e-commerce platforms.
ICLR vs TPR — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $2.5B |
| Net Profit | $2.4M | $561.3M |
| Gross Margin | — | 75.5% |
| Operating Margin | 4.2% | 28.6% |
| Net Margin | 0.1% | 22.4% |
| Revenue YoY | 0.6% | 14.0% |
| Net Profit YoY | -98.8% | 80.8% |
| EPS (diluted) | $0.03 | $2.68 |
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 | — | $2.5B | ||
| Q3 25 | $2.0B | $1.7B | ||
| Q2 25 | $2.0B | $1.7B | ||
| Q1 25 | $2.0B | $1.6B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | $2.0B | $1.5B | ||
| Q2 24 | $2.1B | $1.6B | ||
| Q1 24 | $2.1B | $1.5B |
| Q4 25 | — | $561.3M | ||
| Q3 25 | $2.4M | $274.8M | ||
| Q2 25 | $183.0M | $-517.1M | ||
| Q1 25 | $154.2M | $203.3M | ||
| Q4 24 | — | $310.4M | ||
| Q3 24 | $197.1M | $186.6M | ||
| Q2 24 | $146.9M | $159.3M | ||
| Q1 24 | $187.4M | $139.4M |
| Q4 25 | — | 75.5% | ||
| Q3 25 | — | 76.3% | ||
| Q2 25 | — | 76.3% | ||
| Q1 25 | — | 76.1% | ||
| Q4 24 | — | 74.4% | ||
| Q3 24 | — | 75.3% | ||
| Q2 24 | — | 74.9% | ||
| Q1 24 | — | 74.7% |
| Q4 25 | — | 28.6% | ||
| Q3 25 | 4.2% | 19.3% | ||
| Q2 25 | 10.4% | -33.9% | ||
| Q1 25 | 11.0% | 16.0% | ||
| Q4 24 | — | 22.4% | ||
| Q3 24 | 14.1% | 16.7% | ||
| Q2 24 | 10.8% | 14.8% | ||
| Q1 24 | 13.7% | 13.8% |
| Q4 25 | — | 22.4% | ||
| Q3 25 | 0.1% | 16.1% | ||
| Q2 25 | 9.1% | -30.0% | ||
| Q1 25 | 7.7% | 12.8% | ||
| Q4 24 | — | 14.1% | ||
| Q3 24 | 9.7% | 12.4% | ||
| Q2 24 | 6.9% | 10.0% | ||
| Q1 24 | 9.0% | 9.4% |
| Q4 25 | — | $2.68 | ||
| Q3 25 | $0.03 | $1.28 | ||
| Q2 25 | $2.30 | $-2.30 | ||
| Q1 25 | $1.90 | $0.95 | ||
| Q4 24 | — | $1.38 | ||
| Q3 24 | $2.36 | $0.79 | ||
| Q2 24 | $1.76 | $0.67 | ||
| Q1 24 | $2.25 | $0.60 |
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 | $1.1B |
| Total DebtLower is stronger | — | $2.4B |
| Stockholders' EquityBook value | $9.3B | $551.2M |
| Total Assets | $16.5B | $6.5B |
| Debt / EquityLower = less leverage | — | 4.32× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.1B | ||
| Q3 25 | $468.9M | $743.2M | ||
| Q2 25 | $390.4M | $1.1B | ||
| Q1 25 | $526.7M | $1.1B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | $695.5M | $7.3B | ||
| Q2 24 | $506.6M | $7.2B | ||
| Q1 24 | $396.1M | $7.4B |
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $7.0B | ||
| Q2 24 | — | $6.9B | ||
| Q1 24 | — | $7.7B |
| Q4 25 | — | $551.2M | ||
| Q3 25 | $9.3B | $399.5M | ||
| Q2 25 | $9.6B | $857.8M | ||
| Q1 25 | $9.5B | $1.5B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $9.8B | $3.0B | ||
| Q2 24 | $9.6B | $2.9B | ||
| Q1 24 | $9.4B | $2.8B |
| Q4 25 | — | $6.5B | ||
| Q3 25 | $16.5B | $6.4B | ||
| Q2 25 | $16.6B | $6.6B | ||
| Q1 25 | $16.7B | $7.3B | ||
| Q4 24 | — | $7.3B | ||
| Q3 24 | $17.2B | $13.7B | ||
| Q2 24 | $17.0B | $13.4B | ||
| Q1 24 | $17.0B | $13.7B |
| Q4 25 | — | 4.32× | ||
| Q3 25 | — | 5.95× | ||
| Q2 25 | — | 2.77× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 2.35× | ||
| Q2 24 | — | 2.39× | ||
| Q1 24 | — | 2.77× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | $333.9M | $1.0B |
| FCF MarginFCF / Revenue | 16.3% | 41.5% |
| Capex IntensityCapex / Revenue | 2.6% | 1.7% |
| Cash ConversionOCF / Net Profit | 164.59× | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | $1.0B | $1.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.1B | ||
| Q3 25 | $387.6M | $112.6M | ||
| Q2 25 | $146.2M | $446.8M | ||
| Q1 25 | $268.2M | $144.3M | ||
| Q4 24 | — | $506.0M | ||
| Q3 24 | $402.7M | $119.5M | ||
| Q2 24 | $218.6M | $256.0M | ||
| Q1 24 | $327.1M | $97.8M |
| Q4 25 | — | $1.0B | ||
| Q3 25 | $333.9M | $80.2M | ||
| Q2 25 | $113.9M | $411.5M | ||
| Q1 25 | $239.3M | $113.4M | ||
| Q4 24 | — | $475.1M | ||
| Q3 24 | $359.3M | $93.9M | ||
| Q2 24 | $182.3M | $209.8M | ||
| Q1 24 | $299.9M | $78.8M |
| Q4 25 | — | 41.5% | ||
| Q3 25 | 16.3% | 4.7% | ||
| Q2 25 | 5.6% | 23.9% | ||
| Q1 25 | 12.0% | 7.2% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | 17.7% | 6.2% | ||
| Q2 24 | 8.6% | 13.2% | ||
| Q1 24 | 14.3% | 5.3% |
| Q4 25 | — | 1.7% | ||
| Q3 25 | 2.6% | 1.9% | ||
| Q2 25 | 1.6% | 2.0% | ||
| Q1 25 | 1.4% | 2.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | 2.1% | 1.7% | ||
| Q2 24 | 1.7% | 2.9% | ||
| Q1 24 | 1.3% | 1.3% |
| Q4 25 | — | 1.93× | ||
| Q3 25 | 164.59× | 0.41× | ||
| Q2 25 | 0.80× | — | ||
| Q1 25 | 1.74× | 0.71× | ||
| Q4 24 | — | 1.63× | ||
| Q3 24 | 2.04× | 0.64× | ||
| Q2 24 | 1.49× | 1.61× | ||
| Q1 24 | 1.74× | 0.70× |
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% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
