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Side-by-side financial comparison of ICON PLC (ICLR) and TELUS CORP (TU). Click either name above to swap in a different company.

TELUS CORP is the larger business by last-quarter revenue ($3.7B vs $2.0B, roughly 1.8× ICON PLC). ICON PLC runs the higher net margin — 0.1% vs -4.8%, a 4.9% gap on every dollar of revenue. On growth, TELUS CORP posted the faster year-over-year revenue change (2.2% 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.

Telus Corporation is a Canadian publicly traded holding company and conglomerate, headquartered in Vancouver, British Columbia, which is the parent company of several subsidiaries: Telus Communications offers telephony, television, data and Internet services; Telus Mobility offers wireless services; Telus Health operates companies that provide health products and services; and Telus Digital operates worldwide, providing multilingual customer service outsourcing and digital IT services. Telus ...

ICLR vs TU — Head-to-Head

Bigger by revenue
TU
TU
1.8× larger
TU
$3.7B
$2.0B
ICLR
Growing faster (revenue YoY)
TU
TU
+1.5% gap
TU
2.2%
0.6%
ICLR
Higher net margin
ICLR
ICLR
4.9% more per $
ICLR
0.1%
-4.8%
TU

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
ICLR
ICLR
TU
TU
Revenue
$2.0B
$3.7B
Net Profit
$2.4M
$-178.8M
Gross Margin
90.2%
Operating Margin
4.2%
3.4%
Net Margin
0.1%
-4.8%
Revenue YoY
0.6%
2.2%
Net Profit YoY
-98.8%
-210.9%
EPS (diluted)
$0.03

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
TU
TU
Q3 25
$2.0B
Q2 25
$2.0B
$3.7B
Q1 25
$2.0B
Q3 24
$2.0B
Q2 24
$2.1B
$3.6B
Q1 24
$2.1B
Q3 23
$2.1B
Q2 23
$2.0B
Net Profit
ICLR
ICLR
TU
TU
Q3 25
$2.4M
Q2 25
$183.0M
$-178.8M
Q1 25
$154.2M
Q3 24
$197.1M
Q2 24
$146.9M
$161.3M
Q1 24
$187.4M
Q3 23
$163.7M
Q2 23
$115.6M
Gross Margin
ICLR
ICLR
TU
TU
Q3 25
Q2 25
90.2%
Q1 25
Q3 24
Q2 24
87.9%
Q1 24
Q3 23
Q2 23
Operating Margin
ICLR
ICLR
TU
TU
Q3 25
4.2%
Q2 25
10.4%
3.4%
Q1 25
11.0%
Q3 24
14.1%
Q2 24
10.8%
13.7%
Q1 24
13.7%
Q3 23
12.9%
Q2 23
10.4%
Net Margin
ICLR
ICLR
TU
TU
Q3 25
0.1%
Q2 25
9.1%
-4.8%
Q1 25
7.7%
Q3 24
9.7%
Q2 24
6.9%
4.4%
Q1 24
9.0%
Q3 23
8.0%
Q2 23
5.7%
EPS (diluted)
ICLR
ICLR
TU
TU
Q3 25
$0.03
Q2 25
$2.30
Q1 25
$1.90
Q3 24
$2.36
Q2 24
$1.76
Q1 24
$2.25
Q3 23
$1.97
Q2 23
$1.40

Balance Sheet & Financial Strength

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

Metric
ICLR
ICLR
TU
TU
Cash + ST InvestmentsLiquidity on hand
$468.9M
$2.7B
Total DebtLower is stronger
Stockholders' EquityBook value
$9.3B
$11.8B
Total Assets
$16.5B
$44.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ICLR
ICLR
TU
TU
Q3 25
$468.9M
Q2 25
$390.4M
$2.7B
Q1 25
$526.7M
Q3 24
$695.5M
Q2 24
$506.6M
$676.7M
Q1 24
$396.1M
Q3 23
$313.1M
Q2 23
$270.2M
Stockholders' Equity
ICLR
ICLR
TU
TU
Q3 25
$9.3B
Q2 25
$9.6B
$11.8B
Q1 25
$9.5B
Q3 24
$9.8B
Q2 24
$9.6B
$12.4B
Q1 24
$9.4B
Q3 23
$9.0B
Q2 23
$8.8B
Total Assets
ICLR
ICLR
TU
TU
Q3 25
$16.5B
Q2 25
$16.6B
$44.3B
Q1 25
$16.7B
Q3 24
$17.2B
Q2 24
$17.0B
$41.8B
Q1 24
$17.0B
Q3 23
$17.0B
Q2 23
$17.1B

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
TU
TU
Operating Cash FlowLast quarter
$387.6M
$851.2M
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
TU
TU
Q3 25
$387.6M
Q2 25
$146.2M
$851.2M
Q1 25
$268.2M
Q3 24
$402.7M
Q2 24
$218.6M
$1.0B
Q1 24
$327.1M
Q3 23
$341.5M
Q2 23
$203.9M
Free Cash Flow
ICLR
ICLR
TU
TU
Q3 25
$333.9M
Q2 25
$113.9M
Q1 25
$239.3M
Q3 24
$359.3M
Q2 24
$182.3M
Q1 24
$299.9M
Q3 23
$312.4M
Q2 23
$171.7M
FCF Margin
ICLR
ICLR
TU
TU
Q3 25
16.3%
Q2 25
5.6%
Q1 25
12.0%
Q3 24
17.7%
Q2 24
8.6%
Q1 24
14.3%
Q3 23
15.2%
Q2 23
8.5%
Capex Intensity
ICLR
ICLR
TU
TU
Q3 25
2.6%
Q2 25
1.6%
Q1 25
1.4%
Q3 24
2.1%
Q2 24
1.7%
Q1 24
1.3%
Q3 23
1.4%
Q2 23
1.6%
Cash Conversion
ICLR
ICLR
TU
TU
Q3 25
164.59×
Q2 25
0.80×
Q1 25
1.74×
Q3 24
2.04×
Q2 24
1.49×
6.28×
Q1 24
1.74×
Q3 23
2.09×
Q2 23
1.76×

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%

TU
TU

Segment breakdown not available.

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