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

V F CORP is the larger business by last-quarter revenue ($2.9B vs $2.0B, roughly 1.4× ICON PLC). V F CORP runs the higher net margin — 10.5% vs 0.1%, a 10.3% gap on every dollar of revenue. On growth, V F CORP posted the faster year-over-year revenue change (1.5% vs 0.6%). V F CORP produced more free cash flow last quarter ($977.9M vs $333.9M). Over the past eight quarters, V F CORP's revenue compounded faster (10.1% 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 F. W. Woolworth Company was a retail company and one of the pioneers of the five-and-dime store. It was among the most successful American and international five-and-dime businesses, setting trends and creating the modern retail model that stores worldwide follow today.

ICLR vs VFC — Head-to-Head

Bigger by revenue
VFC
VFC
1.4× larger
VFC
$2.9B
$2.0B
ICLR
Growing faster (revenue YoY)
VFC
VFC
+0.8% gap
VFC
1.5%
0.6%
ICLR
Higher net margin
VFC
VFC
10.3% more per $
VFC
10.5%
0.1%
ICLR
More free cash flow
VFC
VFC
$644.0M more FCF
VFC
$977.9M
$333.9M
ICLR
Faster 2-yr revenue CAGR
VFC
VFC
Annualised
VFC
10.1%
0.6%
ICLR

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
ICLR
ICLR
VFC
VFC
Revenue
$2.0B
$2.9B
Net Profit
$2.4M
$300.8M
Gross Margin
56.6%
Operating Margin
4.2%
10.1%
Net Margin
0.1%
10.5%
Revenue YoY
0.6%
1.5%
Net Profit YoY
-98.8%
79.3%
EPS (diluted)
$0.03
$0.76

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
VFC
VFC
Q4 25
$2.9B
Q3 25
$2.0B
$2.8B
Q2 25
$2.0B
$1.8B
Q1 25
$2.0B
$2.0B
Q4 24
$2.8B
Q3 24
$2.0B
$2.8B
Q2 24
$2.1B
$1.9B
Q1 24
$2.1B
$2.4B
Net Profit
ICLR
ICLR
VFC
VFC
Q4 25
$300.8M
Q3 25
$2.4M
$189.8M
Q2 25
$183.0M
$-116.4M
Q1 25
$154.2M
$-150.8M
Q4 24
$167.8M
Q3 24
$197.1M
$52.2M
Q2 24
$146.9M
$-258.9M
Q1 24
$187.4M
$-418.3M
Gross Margin
ICLR
ICLR
VFC
VFC
Q4 25
56.6%
Q3 25
52.2%
Q2 25
53.9%
Q1 25
52.7%
Q4 24
56.3%
Q3 24
52.2%
Q2 24
52.0%
Q1 24
48.4%
Operating Margin
ICLR
ICLR
VFC
VFC
Q4 25
10.1%
Q3 25
4.2%
11.2%
Q2 25
10.4%
-4.9%
Q1 25
11.0%
2.2%
Q4 24
8.0%
Q3 24
14.1%
9.9%
Q2 24
10.8%
-12.6%
Q1 24
13.7%
-15.0%
Net Margin
ICLR
ICLR
VFC
VFC
Q4 25
10.5%
Q3 25
0.1%
6.8%
Q2 25
9.1%
-6.6%
Q1 25
7.7%
-7.5%
Q4 24
5.9%
Q3 24
9.7%
1.9%
Q2 24
6.9%
-13.6%
Q1 24
9.0%
-17.6%
EPS (diluted)
ICLR
ICLR
VFC
VFC
Q4 25
$0.76
Q3 25
$0.03
$0.48
Q2 25
$2.30
$-0.30
Q1 25
$1.90
$-0.37
Q4 24
$0.43
Q3 24
$2.36
$0.13
Q2 24
$1.76
$-0.67
Q1 24
$2.25
$-1.07

Balance Sheet & Financial Strength

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

Metric
ICLR
ICLR
VFC
VFC
Cash + ST InvestmentsLiquidity on hand
$468.9M
$1.5B
Total DebtLower is stronger
$3.6B
Stockholders' EquityBook value
$9.3B
$1.8B
Total Assets
$16.5B
$10.4B
Debt / EquityLower = less leverage
1.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ICLR
ICLR
VFC
VFC
Q4 25
$1.5B
Q3 25
$468.9M
$419.1M
Q2 25
$390.4M
$642.4M
Q1 25
$526.7M
$429.4M
Q4 24
$1.4B
Q3 24
$695.5M
$492.2M
Q2 24
$506.6M
$637.4M
Q1 24
$396.1M
$674.6M
Total Debt
ICLR
ICLR
VFC
VFC
Q4 25
$3.6B
Q3 25
$3.5B
Q2 25
$3.6B
Q1 25
$3.4B
Q4 24
$3.9B
Q3 24
$4.0B
Q2 24
$3.9B
Q1 24
$4.7B
Stockholders' Equity
ICLR
ICLR
VFC
VFC
Q4 25
$1.8B
Q3 25
$9.3B
$1.5B
Q2 25
$9.6B
$1.3B
Q1 25
$9.5B
$1.5B
Q4 24
$1.7B
Q3 24
$9.8B
$1.4B
Q2 24
$9.6B
$1.4B
Q1 24
$9.4B
$1.7B
Total Assets
ICLR
ICLR
VFC
VFC
Q4 25
$10.4B
Q3 25
$16.5B
$10.6B
Q2 25
$16.6B
$10.2B
Q1 25
$16.7B
$9.4B
Q4 24
$10.6B
Q3 24
$17.2B
$12.2B
Q2 24
$17.0B
$11.5B
Q1 24
$17.0B
$11.6B
Debt / Equity
ICLR
ICLR
VFC
VFC
Q4 25
1.99×
Q3 25
2.40×
Q2 25
2.76×
Q1 25
2.30×
Q4 24
2.31×
Q3 24
2.86×
Q2 24
2.84×
Q1 24
2.84×

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
VFC
VFC
Operating Cash FlowLast quarter
$387.6M
$1.0B
Free Cash FlowOCF − Capex
$333.9M
$977.9M
FCF MarginFCF / Revenue
16.3%
34.0%
Capex IntensityCapex / Revenue
2.6%
1.1%
Cash ConversionOCF / Net Profit
164.59×
3.36×
TTM Free Cash FlowTrailing 4 quarters
$1.0B
$357.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ICLR
ICLR
VFC
VFC
Q4 25
$1.0B
Q3 25
$387.6M
$-227.0M
Q2 25
$146.2M
$-145.5M
Q1 25
$268.2M
$-171.1M
Q4 24
$918.1M
Q3 24
$402.7M
$-301.6M
Q2 24
$218.6M
$19.8M
Q1 24
$327.1M
Free Cash Flow
ICLR
ICLR
VFC
VFC
Q4 25
$977.9M
Q3 25
$333.9M
$-253.5M
Q2 25
$113.9M
$-173.7M
Q1 25
$239.3M
$-193.0M
Q4 24
$899.7M
Q3 24
$359.3M
$-322.4M
Q2 24
$182.3M
$-5.4M
Q1 24
$299.9M
FCF Margin
ICLR
ICLR
VFC
VFC
Q4 25
34.0%
Q3 25
16.3%
-9.0%
Q2 25
5.6%
-9.9%
Q1 25
12.0%
-9.6%
Q4 24
31.7%
Q3 24
17.7%
-11.7%
Q2 24
8.6%
-0.3%
Q1 24
14.3%
Capex Intensity
ICLR
ICLR
VFC
VFC
Q4 25
1.1%
Q3 25
2.6%
0.9%
Q2 25
1.6%
1.6%
Q1 25
1.4%
1.1%
Q4 24
0.6%
Q3 24
2.1%
0.8%
Q2 24
1.7%
1.3%
Q1 24
1.3%
Cash Conversion
ICLR
ICLR
VFC
VFC
Q4 25
3.36×
Q3 25
164.59×
-1.20×
Q2 25
0.80×
Q1 25
1.74×
Q4 24
5.47×
Q3 24
2.04×
-5.78×
Q2 24
1.49×
Q1 24
1.74×

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%

VFC
VFC

Outdoor$1.9B67%
Sales Channel Through Intermediary$813.4M28%
Other$136.3M5%

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