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

Unum Group is the larger business by last-quarter revenue ($3.4B vs $2.0B, roughly 1.6× ICON PLC). Unum Group runs the higher net margin — 6.9% vs 0.1%, a 6.8% gap on every dollar of revenue. On growth, Unum Group posted the faster year-over-year revenue change (8.5% vs 0.6%). Over the past eight quarters, Unum Group's revenue compounded faster (1.9% 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.

Unum Group is an American insurance company headquartered in Chattanooga, Tennessee. Founded as Union Mutual in 1848 and known as UnumProvident from 1999–2007, the company is part of the Fortune 500. Unum Group was created by the 1999 merger of Unum Corporation and The Provident Companies and comprises four distinct businesses – Unum US, Unum UK, Unum Poland and Colonial Life. Its underwriting insurers include The Paul Revere Life Insurance Company and Provident Life and Accident Insurance Co...

ICLR vs UNM — Head-to-Head

Bigger by revenue
UNM
UNM
1.6× larger
UNM
$3.4B
$2.0B
ICLR
Growing faster (revenue YoY)
UNM
UNM
+7.9% gap
UNM
8.5%
0.6%
ICLR
Higher net margin
UNM
UNM
6.8% more per $
UNM
6.9%
0.1%
ICLR
Faster 2-yr revenue CAGR
UNM
UNM
Annualised
UNM
1.9%
0.6%
ICLR

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
ICLR
ICLR
UNM
UNM
Revenue
$2.0B
$3.4B
Net Profit
$2.4M
$232.0M
Gross Margin
Operating Margin
4.2%
Net Margin
0.1%
6.9%
Revenue YoY
0.6%
8.5%
Net Profit YoY
-98.8%
22.7%
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
UNM
UNM
Q1 26
$3.4B
Q4 25
$3.2B
Q3 25
$2.0B
$3.4B
Q2 25
$2.0B
$3.4B
Q1 25
$2.0B
$3.1B
Q4 24
$3.2B
Q3 24
$2.0B
$3.2B
Q2 24
$2.1B
$3.2B
Net Profit
ICLR
ICLR
UNM
UNM
Q1 26
$232.0M
Q4 25
$174.1M
Q3 25
$2.4M
$39.7M
Q2 25
$183.0M
$335.6M
Q1 25
$154.2M
$189.1M
Q4 24
$348.7M
Q3 24
$197.1M
$645.7M
Q2 24
$146.9M
$389.5M
Operating Margin
ICLR
ICLR
UNM
UNM
Q1 26
Q4 25
6.7%
Q3 25
4.2%
1.6%
Q2 25
10.4%
12.4%
Q1 25
11.0%
7.9%
Q4 24
13.8%
Q3 24
14.1%
15.6%
Q2 24
10.8%
15.3%
Net Margin
ICLR
ICLR
UNM
UNM
Q1 26
6.9%
Q4 25
5.4%
Q3 25
0.1%
1.2%
Q2 25
9.1%
10.0%
Q1 25
7.7%
6.1%
Q4 24
10.8%
Q3 24
9.7%
20.1%
Q2 24
6.9%
12.0%
EPS (diluted)
ICLR
ICLR
UNM
UNM
Q1 26
Q4 25
$1.06
Q3 25
$0.03
$0.23
Q2 25
$2.30
$1.92
Q1 25
$1.90
$1.06
Q4 24
$1.91
Q3 24
$2.36
$3.46
Q2 24
$1.76
$2.05

Balance Sheet & Financial Strength

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

Metric
ICLR
ICLR
UNM
UNM
Cash + ST InvestmentsLiquidity on hand
$468.9M
$2.1M
Total DebtLower is stronger
$3.8M
Stockholders' EquityBook value
$9.3B
$10.9M
Total Assets
$16.5B
$62.7M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ICLR
ICLR
UNM
UNM
Q1 26
$2.1M
Q4 25
Q3 25
$468.9M
Q2 25
$390.4M
Q1 25
$526.7M
Q4 24
Q3 24
$695.5M
Q2 24
$506.6M
Total Debt
ICLR
ICLR
UNM
UNM
Q1 26
$3.8M
Q4 25
$3.8B
Q3 25
$3.5B
Q2 25
$3.5B
Q1 25
$3.5B
Q4 24
$3.5B
Q3 24
$3.5B
Q2 24
$3.5B
Stockholders' Equity
ICLR
ICLR
UNM
UNM
Q1 26
$10.9M
Q4 25
$11.1B
Q3 25
$9.3B
$10.9B
Q2 25
$9.6B
$11.3B
Q1 25
$9.5B
$11.2B
Q4 24
$11.0B
Q3 24
$9.8B
$11.0B
Q2 24
$9.6B
$10.5B
Total Assets
ICLR
ICLR
UNM
UNM
Q1 26
$62.7M
Q4 25
$63.5B
Q3 25
$16.5B
$63.7B
Q2 25
$16.6B
$62.8B
Q1 25
$16.7B
$62.5B
Q4 24
$62.0B
Q3 24
$17.2B
$64.1B
Q2 24
$17.0B
$62.0B
Debt / Equity
ICLR
ICLR
UNM
UNM
Q1 26
0.35×
Q4 25
0.34×
Q3 25
0.32×
Q2 25
0.31×
Q1 25
0.31×
Q4 24
0.32×
Q3 24
0.32×
Q2 24
0.33×

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
UNM
UNM
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
UNM
UNM
Q1 26
Q4 25
$357.9M
Q3 25
$387.6M
$-371.8M
Q2 25
$146.2M
$348.0M
Q1 25
$268.2M
$353.6M
Q4 24
$485.8M
Q3 24
$402.7M
$390.0M
Q2 24
$218.6M
$339.1M
Free Cash Flow
ICLR
ICLR
UNM
UNM
Q1 26
Q4 25
$320.1M
Q3 25
$333.9M
$-402.6M
Q2 25
$113.9M
$320.1M
Q1 25
$239.3M
$317.8M
Q4 24
$453.8M
Q3 24
$359.3M
$352.3M
Q2 24
$182.3M
$311.4M
FCF Margin
ICLR
ICLR
UNM
UNM
Q1 26
Q4 25
9.9%
Q3 25
16.3%
-11.9%
Q2 25
5.6%
9.5%
Q1 25
12.0%
10.3%
Q4 24
14.0%
Q3 24
17.7%
11.0%
Q2 24
8.6%
9.6%
Capex Intensity
ICLR
ICLR
UNM
UNM
Q1 26
Q4 25
1.2%
Q3 25
2.6%
0.9%
Q2 25
1.6%
0.8%
Q1 25
1.4%
1.2%
Q4 24
1.0%
Q3 24
2.1%
1.2%
Q2 24
1.7%
0.9%
Cash Conversion
ICLR
ICLR
UNM
UNM
Q1 26
Q4 25
2.06×
Q3 25
164.59×
-9.37×
Q2 25
0.80×
1.04×
Q1 25
1.74×
1.87×
Q4 24
1.39×
Q3 24
2.04×
0.60×
Q2 24
1.49×
0.87×

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%

UNM
UNM

Premium Income$2.8B83%
Other$561.2M17%

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