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ICON PLC（ICLR）与希悦尔（SEE）财务数据对比。点击上方公司名可切换其他公司
ICON PLC的季度营收约是希悦尔的1.5倍（$2.0B vs $1.4B），希悦尔净利率更高（3.1% vs 0.1%，领先3.0%），希悦尔同比增速更快（2.6% vs 0.6%），ICON PLC自由现金流更多（$333.9M vs $257.7M），过去两年希悦尔的营收复合增速更高（2.7% vs 0.6%）
ICON plc是总部位于爱尔兰的跨国医疗智能与临床研究服务机构，专注为全球医药健康领域客户提供专业研究及情报支持，截至2025年2月，已在全球55个国家布局业务，员工规模约4.19万人。
希悦尔是全球领先的包装与防护解决方案供应商，核心产品包括缓冲防护材料、食品保鲜包装、可持续减废包装系统，服务覆盖电商、零售、食品饮料、工业制造等多个海内外领域。
ICLR vs SEE — 直观对比
营收规模更大
ICLR
是对方的1.5倍
$1.4B
营收增速更快
SEE
高出2.0%
0.6%
净利率更高
SEE
高出3.0%
0.1%
自由现金流更多
ICLR
多$76.2M
$257.7M
两年增速更快
SEE
近两年复合增速
0.6%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.4B |
| 净利润 | $2.4M | $43.8M |
| 毛利率 | — | 28.6% |
| 营业利润率 | 4.2% | 11.4% |
| 净利率 | 0.1% | 3.1% |
| 营收同比 | 0.6% | 2.6% |
| 净利润同比 | -98.8% | 700.0% |
| 每股收益（稀释后） | $0.03 | $0.30 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ICLRSEE
| Q4 25 | — | $1.4B | ||
| Q3 25 | $2.0B | $1.3B | ||
| Q2 25 | $2.0B | $1.3B | ||
| Q1 25 | $2.0B | $1.3B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $2.0B | $1.3B | ||
| Q2 24 | $2.1B | $1.3B | ||
| Q1 24 | $2.1B | $1.3B |
净利润ICLRSEE
| Q4 25 | — | $43.8M | ||
| Q3 25 | $2.4M | $255.1M | ||
| Q2 25 | $183.0M | $93.1M | ||
| Q1 25 | $154.2M | $113.5M | ||
| Q4 24 | — | $-7.3M | ||
| Q3 24 | $197.1M | $91.7M | ||
| Q2 24 | $146.9M | $98.3M | ||
| Q1 24 | $187.4M | $82.0M |
毛利率ICLRSEE
| Q4 25 | — | 28.6% | ||
| Q3 25 | — | 29.8% | ||
| Q2 25 | — | 30.7% | ||
| Q1 25 | — | 30.9% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | — | 30.1% | ||
| Q2 24 | — | 31.2% | ||
| Q1 24 | — | 30.3% |
营业利润率ICLRSEE
| Q4 25 | — | 11.4% | ||
| Q3 25 | 4.2% | 13.8% | ||
| Q2 25 | 10.4% | 15.0% | ||
| Q1 25 | 11.0% | 14.5% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | 14.1% | 13.9% | ||
| Q2 24 | 10.8% | 15.4% | ||
| Q1 24 | 13.7% | 14.0% |
净利率ICLRSEE
| Q4 25 | — | 3.1% | ||
| Q3 25 | 0.1% | 19.0% | ||
| Q2 25 | 9.1% | 7.0% | ||
| Q1 25 | 7.7% | 9.0% | ||
| Q4 24 | — | -0.5% | ||
| Q3 24 | 9.7% | 6.9% | ||
| Q2 24 | 6.9% | 7.4% | ||
| Q1 24 | 9.0% | 6.2% |
每股收益（稀释后）ICLRSEE
| Q4 25 | — | $0.30 | ||
| Q3 25 | $0.03 | $1.73 | ||
| Q2 25 | $2.30 | $0.63 | ||
| Q1 25 | $1.90 | $0.77 | ||
| Q4 24 | — | $-0.05 | ||
| Q3 24 | $2.36 | $0.63 | ||
| Q2 24 | $1.76 | $0.67 | ||
| Q1 24 | $2.25 | $0.56 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $468.9M | $344.0M |
| 总债务越低越好 | — | $3.3B |
| 股东权益账面价值 | $9.3B | $1.2B |
| 总资产 | $16.5B | $7.0B |
| 负债/权益比越低杠杆越低 | — | 2.65× |
8季度趋势，按日历期对齐
现金及短期投资ICLRSEE
| Q4 25 | — | $344.0M | ||
| Q3 25 | $468.9M | $282.5M | ||
| Q2 25 | $390.4M | $354.4M | ||
| Q1 25 | $526.7M | $335.2M | ||
| Q4 24 | — | $371.8M | ||
| Q3 24 | $695.5M | $386.0M | ||
| Q2 24 | $506.6M | $388.6M | ||
| Q1 24 | $396.1M | $352.8M |
总债务ICLRSEE
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $4.5B |
股东权益ICLRSEE
| Q4 25 | — | $1.2B | ||
| Q3 25 | $9.3B | $1.2B | ||
| Q2 25 | $9.6B | $953.1M | ||
| Q1 25 | $9.5B | $797.9M | ||
| Q4 24 | — | $624.5M | ||
| Q3 24 | $9.8B | $771.2M | ||
| Q2 24 | $9.6B | $650.1M | ||
| Q1 24 | $9.4B | $598.3M |
总资产ICLRSEE
| Q4 25 | — | $7.0B | ||
| Q3 25 | $16.5B | $7.1B | ||
| Q2 25 | $16.6B | $7.2B | ||
| Q1 25 | $16.7B | $7.0B | ||
| Q4 24 | — | $7.0B | ||
| Q3 24 | $17.2B | $7.3B | ||
| Q2 24 | $17.0B | $7.3B | ||
| Q1 24 | $17.0B | $7.2B |
负债/权益比ICLRSEE
| Q4 25 | — | 2.65× | ||
| Q3 25 | — | 3.34× | ||
| Q2 25 | — | 4.18× | ||
| Q1 25 | — | 5.26× | ||
| Q4 24 | — | 6.72× | ||
| Q3 24 | — | 5.62× | ||
| Q2 24 | — | 6.81× | ||
| Q1 24 | — | 7.49× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $387.6M | $293.6M |
| 自由现金流经营现金流 - 资本支出 | $333.9M | $257.7M |
| 自由现金流率自由现金流/营收 | 16.3% | 18.5% |
| 资本支出强度资本支出/营收 | 2.6% | 2.6% |
| 现金转化率经营现金流/净利润 | 164.59× | 6.70× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $458.5M |
8季度趋势，按日历期对齐
经营现金流ICLRSEE
| Q4 25 | — | $293.6M | ||
| Q3 25 | $387.6M | $165.9M | ||
| Q2 25 | $146.2M | $136.6M | ||
| Q1 25 | $268.2M | $31.9M | ||
| Q4 24 | — | $244.2M | ||
| Q3 24 | $402.7M | $170.5M | ||
| Q2 24 | $218.6M | $188.2M | ||
| Q1 24 | $327.1M | $125.1M |
自由现金流ICLRSEE
| Q4 25 | — | $257.7M | ||
| Q3 25 | $333.9M | $119.6M | ||
| Q2 25 | $113.9M | $93.2M | ||
| Q1 25 | $239.3M | $-12.0M | ||
| Q4 24 | — | $185.1M | ||
| Q3 24 | $359.3M | $115.2M | ||
| Q2 24 | $182.3M | $129.5M | ||
| Q1 24 | $299.9M | $78.0M |
自由现金流率ICLRSEE
| Q4 25 | — | 18.5% | ||
| Q3 25 | 16.3% | 8.9% | ||
| Q2 25 | 5.6% | 7.0% | ||
| Q1 25 | 12.0% | -0.9% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | 17.7% | 8.6% | ||
| Q2 24 | 8.6% | 9.7% | ||
| Q1 24 | 14.3% | 5.9% |
资本支出强度ICLRSEE
| Q4 25 | — | 2.6% | ||
| Q3 25 | 2.6% | 3.4% | ||
| Q2 25 | 1.6% | 3.3% | ||
| Q1 25 | 1.4% | 3.5% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | 2.1% | 4.1% | ||
| Q2 24 | 1.7% | 4.4% | ||
| Q1 24 | 1.3% | 3.6% |
现金转化率ICLRSEE
| Q4 25 | — | 6.70× | ||
| Q3 25 | 164.59× | 0.65× | ||
| Q2 25 | 0.80× | 1.47× | ||
| Q1 25 | 1.74× | 0.28× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.04× | 1.86× | ||
| Q2 24 | 1.49× | 1.91× | ||
| Q1 24 | 1.74× | 1.53× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ICLR
| Other Customers | $681.3M | 33% |
| Clients1125 | $549.4M | 27% |
| Clients15 | $503.3M | 25% |
| Clients610 | $308.8M | 15% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
