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ICON plc Valuation Multiples

Discover revenue and EBITDA valuation multiples for ICON plc and similar public comparables like Suven Pharma, Syngene International, and Biocon.

ICON plc Overview

About ICON plc

Icon is a global late-stage contract research organization that provides drug development and clinical trial services to pharmaceutical, biotechnology, and medical-device firms. While the vast majority of its revenue comes from clinical research, Icon also offers ancillary services such as laboratory and imaging capabilities. The company is headquartered in Ireland.


Founded

1990

HQ

United States of America
Employees

41.9K+

Website

iconplc.com

Financials

LTM Revenue $8.3B

LTM EBITDA $1.7B

EV

$14.9B

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ICON plc Financials

ICON plc has a last 12-month revenue of $8.3B and a last 12-month EBITDA of $1.7B.

In the most recent fiscal year, ICON plc achieved revenue of $8.3B and an EBITDA of $1.6B.

ICON plc expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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ICON plc P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $8.1B $8.3B XXX XXX XXX
Gross Profit $2.2B $2.4B XXX XXX XXX
Gross Margin 27% 29% XXX XXX XXX
EBITDA $1.5B $1.6B XXX XXX XXX
EBITDA Margin 19% 19% XXX XXX XXX
Net Profit $505M $612M XXX XXX XXX
Net Margin 6% 7% XXX XXX XXX
Net Debt $4.4B $3.4B XXX XXX XXX

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ICON plc Stock Performance

As of April 15, 2025, ICON plc's stock price is $147.

ICON plc has current market cap of $11.9B, and EV of $14.9B.

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ICON plc Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$14.9B $11.9B XXX XXX XXX XXX $13.91

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ICON plc Valuation Multiples

As of April 15, 2025, ICON plc has market cap of $11.9B and EV of $14.9B.

ICON plc's trades at 1.8x LTM EV/Revenue multiple, and 8.7x LTM EBITDA.

Analysts estimate ICON plc's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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ICON plc Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $14.9B XXX XXX XXX
EV/Revenue 1.8x XXX XXX XXX
EV/EBITDA 9.5x XXX XXX XXX
P/E 15.0x XXX XXX XXX
P/E/Growth 0.6x XXX XXX XXX
EV/FCF 13.3x XXX XXX XXX

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ICON plc Valuation Multiples

ICON plc's NTM/LTM revenue growth is 1%

ICON plc's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $29K for the same period.

Over next 12 months, ICON plc's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate ICON plc's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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ICON plc Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth 2% XXX XXX XXX XXX
EBITDA Margin 19% XXX XXX XXX XXX
EBITDA Growth 3% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 20% XXX XXX XXX XXX
Revenue per Employee $0.2M XXX XXX XXX XXX
Opex per Employee $29K XXX XXX XXX XXX
S&M Expenses to Revenue n/a XXX XXX XXX XXX
G&A Expenses to Revenue n/a XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 15% XXX XXX XXX XXX

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ICON plc Public Comps

See public comps and valuation multiples for Contract Research & Manufacturing and Healthcare Software comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Jubilant Pharmova XXX XXX XXX XXX XXX XXX
Biocon XXX XXX XXX XXX XXX XXX
Syngene International XXX XXX XXX XXX XXX XXX
Dishman Carbogen Amics XXX XXX XXX XXX XXX XXX
Suven Pharma XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

Valuation data powered by FactSet, Inc.

ICON plc M&A and Investment Activity

ICON plc acquired  XXX companies to date.

Last acquisition by ICON plc was  XXXXXXXX, XXXXX XXXXX XXXXXX . ICON plc acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by ICON plc

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About ICON plc

When was ICON plc founded? ICON plc was founded in 1990.
Where is ICON plc headquartered? ICON plc is headquartered in United States of America.
How many employees does ICON plc have? As of today, ICON plc has 41.9K+ employees.
Who is the CEO of ICON plc? ICON plc's CEO is Dr. Steven Cutler, PhD.
Is ICON plc publicy listed? Yes, ICON plc is a public company listed on NAS.
What is the stock symbol of ICON plc? ICON plc trades under ICLR ticker.
When did ICON plc go public? ICON plc went public in 1998.
Who are competitors of ICON plc? Similar companies to ICON plc include e.g. Jubilant Pharmova, Biocon, Syngene International, Dishman Carbogen Amics.
What is the current market cap of ICON plc? ICON plc's current market cap is $11.9B
What is the current revenue of ICON plc? ICON plc's last 12-month revenue is $8.3B.
What is the current EBITDA of ICON plc? ICON plc's last 12-month EBITDA is $1.7B.
What is the current EV/Revenue multiple of ICON plc? Current revenue multiple of ICON plc is 1.8x.
What is the current EV/EBITDA multiple of ICON plc? Current EBITDA multiple of ICON plc is 8.7x.
What is the current revenue growth of ICON plc? ICON plc revenue growth between 2023 and 2024 was 2%.
Is ICON plc profitable? Yes, ICON plc is EBITDA-positive (as of the last 12 months).

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