ICON PLC (ICLR) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does ICON PLC Do?
ICON Public Limited Company, a clinical research organization, provides outsourced development and commercialization services in Ireland, rest of Europe, the United States, and internationally. The company specializes in the strategic development, management, and analysis of programs that support various stages of the clinical development process from compound selection to Phase I-IV clinical studies. It offers clinical development services, including early development, patient recruitment and retention, strategy and analytics, late phase research, data and technology solution, and consulting and analytics services. The company's clinical development services also comprise medical imaging, clinical research and laboratory services, project management, site monitoring and management services, data management, biostatistics and programming, medical writing and publishing, medical affair, endpoint adjudication/data monitoring committees, pharmacovigilance, interactive response technologies, clinical supplies management, strategic regulatory, medical communication, and consulting and advisory services. It serves pharmaceutical, biotechnology, and medical device industries, as well as government and public health organizations. The company was incorporated in 1990 and is headquartered in Dublin, Ireland. ICON PLC (ICLR) is classified as a mid-cap stock in the Industrials sector, specifically within the Business Services industry. The company is led by CEO Stephen A. Cutler and employs approximately 41,100 people. With a market capitalization of $8.5B, ICLR is one of the notable companies in the Industrials sector.
ICON PLC (ICLR) Stock Rating — Hold (April 2026)
As of April 2026, ICON PLC receives a Hold rating with a composite score of 45.6/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.ICLR ranks #1,816 out of 4,446 stocks in our coverage universe. Within the Industrials sector, ICON PLC ranks #287 of 752 stocks, placing it in the upper half of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
ICLR Stock Price and 52-Week Range
ICON PLC (ICLR) currently trades at $106.81. The stock gained $0.11 (0.1%) in the most recent trading session. The 52-week high for ICLR is $211.00, which means the stock is currently trading -49.4% from its annual peak. The 52-week low is $66.57, putting the stock 60.4% above its annual trough. Recent trading volume was 670K shares, suggesting relatively thin trading activity.
Is ICLR Overvalued or Undervalued? — Valuation Analysis
ICON PLC (ICLR) carries a value factor score of 89/100 in the Blank Capital model, suggesting the stock trades at a meaningful discount to its fundamental earning power. The trailing price-to-earnings ratio is 11.11x, compared to the Industrials sector average of 28.33x — a discount of 61%. The price-to-book ratio stands at 0.86x, versus the sector average of 2.23x. The price-to-sales ratio is 0.25x, compared to 0.50x for the average Industrials stock. On an enterprise value basis, ICLR trades at 1.72x EV/EBITDA, versus 5.70x for the sector.
Based on these multiples, ICON PLC appears attractively valued relative to both its sector peers and the broader market. Value-oriented investors may find the current entry point compelling, particularly if the company's fundamental quality metrics also score well.
ICON PLC Profitability — ROE, Margins, and Quality Score
ICON PLC (ICLR) earns a quality factor score of 38/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 33.2%, compared to the Industrials sector average of 8.9%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 18.8% versus the sector average of 3.3%.
On a margin basis, ICON PLC reports gross margins of 29.4%, compared to 35.8% for the sector. The operating margin is 13.3% (sector: 6.2%). Net profit margin stands at 9.6%, versus 3.9% for the average Industrials stock. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.
ICLR Debt, Balance Sheet, and Financial Health
ICON PLC has a debt-to-equity ratio of 36.0%, compared to the Industrials sector average of 70.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. Total debt on the balance sheet is $3.43B. Cash and equivalents stand at $539M.
ICLR has a beta of 1.27, meaning it is more volatile than the broader market — a $10,000 investment in ICLR would be expected to move 26.6% more than the S&P 500 on any given day. The stability factor score for ICON PLC is 36/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.
ICON PLC Revenue and Earnings History — Quarterly Trend
In TTM 2026, ICON PLC reported revenue of $8.28B and earnings per share (EPS) of $9.60. Net income for the quarter was $791M. Gross margin was 29.4%. Operating income came in at $1.10B.
In FY 2024, ICON PLC reported revenue of $8.28B and earnings per share (EPS) of $9.60. Net income for the quarter was $791M. Gross margin was 29.4%. Revenue grew 2.0% year-over-year compared to FY 2023. Operating income came in at $1.10B.
In FY 2023, ICON PLC reported revenue of $8.12B and earnings per share (EPS) of $7.46. Net income for the quarter was $612M. Gross margin was 29.6%. Revenue grew 4.9% year-over-year compared to FY 2022. Operating income came in at $956M.
In FY 2022, ICON PLC reported revenue of $7.74B and earnings per share (EPS) of $6.20. Net income for the quarter was $505M. Gross margin was 28.6%. Revenue grew 41.2% year-over-year compared to FY 2021. Operating income came in at $795M.
Over the past 8 quarters, ICON PLC has demonstrated a growth trajectory, with revenue expanding from $2.60B to $8.28B. Investors analyzing ICLR stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
ICLR Dividend Yield and Income Analysis
ICON PLC (ICLR) does not currently pay a dividend. This is common among smaller companies in the Business Services industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Industrials dividend stocks may want to explore other Industrials stocks or use the stock screener to filter by dividend yield.
ICLR Momentum and Technical Analysis Profile
ICON PLC (ICLR) has a momentum factor score of 23/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 63/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 54/100 reflects moderate short selling activity.
ICLR vs Competitors — Industrials Sector Ranking and Peer Comparison
Within the Industrials sector, ICON PLC (ICLR) ranks #287 out of 752 stocks based on the Blank Capital composite score. This places ICLR in the upper half of all Industrials stocks in our coverage universe. Key competitors and sector peers include South Bow Corp (SOBO) with a score of 56.5/100, TSAKOS ENERGY NAVIGATION LTD (TEN) with a score of 61.4/100, Great Lakes Dredge & Dock CORP (GLDD) with a score of 56.7/100, Tri Pointe Homes, Inc. (TPH) with a score of 57.3/100, and Clear Channel Outdoor Holdings, Inc. (CCO) with a score of 52.2/100.
Comparing ICLR against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full ICLR vs S&P 500 (SPY) comparison to assess how ICON PLC stacks up against the broader market across all factor dimensions.
ICLR Next Earnings Date
No upcoming earnings date has been announced for ICON PLC (ICLR) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy ICLR? — Investment Thesis Summary
ICON PLC presents a balanced picture with arguments on both sides. The quality score of 38/100 flags below-average profitability. The value score of 89/100 suggests attractive pricing relative to fundamentals. Momentum is weak at 23/100, a headwind for near-term performance. High volatility (stability score 36/100) increases portfolio risk.
In summary, ICON PLC (ICLR) earns a Hold rating with a composite score of 45.6/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on ICLR stock.
Related Resources for ICLR Investors
Explore more research and tools: ICLR vs S&P 500 comparison, top Industrials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare ICLR head-to-head with peers: ICLR vs SOBO, ICLR vs TEN, ICLR vs GLDD.