NASDAQ$ICLR
ICON Public Limited Company · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
ICON Q4 2024: $2.04B revenue, $3.16 GAAP EPS as book-to-bill rebounds to 1.18
ICON plc reported fourth quarter and full year 2024 results on February 19, 2025. Q4 revenue was $2,041.1 million, down 1.2% year over year, while full year revenue rose 2.0% to $8,281.7 million. GAAP net income for the quarter was $260.0 million, or $3.16 diluted EPS, up 21.5% from Q4 2023. Adjusted diluted EPS was $3.43 versus $3.46 a year ago. Net business wins totaled $2,413 million with a book-to-bill of 1.18, and closing backlog reached $24.7 billion. Adjusted EBITDA was $422.6 million (20.7% margin). Free cash flow for 2024 hit the $1.1 billion target. Management reaffirmed 2025 revenue guidance of $8,050–$8,650 million and adjusted EPS of $13.00–$15.00.
- Q4 revenue of $2,041.1M declined 1.2% YoY; full year revenue grew 2.0% to $8,281.7M
- Net business wins of $2,413M produced a 1.18 book-to-bill; backlog rose to $24.7B
- GAAP EPS of $3.16 rose 21.5% YoY; adjusted EPS was $3.43
- Full year free cash flow reached $1.1B target; $400M of stock repurchased in Q4
- 2025 revenue and adjusted EPS guidance reaffirmed at $8.05–8.65B and $13.00–15.00
Headline financials
Revenue & EPS history
ICON · Revenue · Quarterly
$2.04B
Forward guidance
Reaffirmed FY2025 revenue of $8,050–8,650 million and adjusted diluted EPS of $13.00–15.00.
Tailwinds
- Book-to-bill recovery to 1.18
- Gross business wins up 8% sequentially
Headwinds
- Q4 revenue still down 1.2% YoY on constant currency
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q4 2024
+1.2%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+1.1%
Avg return
30 days after
58%
38 / 65 earnings
Positive
+21.0%
Q2 2015
Best reaction
-21.8%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | -2.9% | — | — | |
| Q4 2026 | -2.9% | +4.4% | — | |
| Q1 2025 | -4.1% | -6.9% | -9.8% | |
| Q4 2024 | +5.5% | +3.2% | -3.4% | |
| Q3 2024 | -21.8% | -18.7% | -24.4% | |
| Q2 2024 | -5.8% | -0.9% | -2.4% | |
| Q1 2024 | -2.1% | -0.8% | +4.7% | |
| Q4 2023 | +10.5% | +12.4% | +17.1% | |
| Q3 2023 | +1.7% | +0.7% | +15.0% | |
| Q2 2023 | -3.2% | +0.7% | +2.7% | |
| Q1 2023 | -6.2% | -3.8% | +0.2% | |
| Q4 2022 | -0.1% | -0.1% | -7.4% | |
| Q3 2022 | +2.8% | +1.0% | +8.5% | |
| Q2 2022 | +6.2% | +5.8% | -4.6% | |
| Q1 2022 | +6.8% | +8.5% | +7.9% | |
| Q4 2021 | -2.5% | +5.0% | +4.8% | |
| Q3 2021 | -0.7% | -5.1% | -3.4% | |
| Q2 2021 | -3.0% | +0.1% | +14.8% | |
| Q1 2021 | +0.5% | -0.7% | +4.0% | |
| Q4 2020 | -11.6% | -17.1% | -8.6% | |
| Q3 2020 | -2.6% | -5.6% | -6.7% | |
| Q2 2020 | -0.5% | -1.9% | -1.7% | |
| Q1 2020 | -1.9% | -0.6% | +9.6% | |
| Q4 2019 | -0.9% | -5.8% | -30.2% | |
| Q3 2019 | +4.7% | +7.1% | +11.8% | |
| Q2 2019 | +4.5% | +2.4% | -0.7% | |
| Q1 2019 | +3.7% | +3.4% | +3.6% | |
| Q4 2018 | -2.2% | +1.1% | -8.5% | |
| Q3 2018 | -4.0% | -4.7% | -5.4% | |
| Q2 2018 | +3.8% | -1.3% | +3.5% | |
| Q1 2018 | -0.5% | +2.1% | +10.4% | |
| Q4 2017 | +4.4% | +4.4% | +10.9% | |
| Q3 2017 | +7.3% | +5.3% | +3.7% | |
| Q2 2017 | +3.4% | +6.7% | +8.8% | |
| Q1 2017 | +10.0% | +10.6% | +19.4% | |
| Q4 2016 | +0.0% | -1.0% | -6.9% | |
| Q3 2016 | +7.8% | +5.8% | -2.9% | |
| Q2 2016 | +9.4% | +9.1% | +5.4% | |
| Q1 2016 | -8.0% | — | — | |
| Q4 2015 | +0.8% | — | — | |
| Q3 2015 | -4.7% | — | — | |
| Q2 2015 | +21.0% | — | — | |
| Q1 2015 | -9.9% | — | — | |
| Q4 2014 | +12.8% | — | — | |
| Q3 2014 | -0.6% | — | — | |
| Q2 2014 | +8.1% | — | — | |
| Q1 2014 | +3.0% | — | — | |
| Q4 2013 | +5.4% | — | — | |
| Q3 2013 | +9.9% | — | — | |
| Q2 2013 | +3.8% | — | — | |
| Q1 2013 | +7.7% | — | — | |
| Q4 2012 | +2.7% | — | — | |
| Q3 2012 | +0.8% | — | — | |
| Q2 2012 | +0.4% | — | — | |
| Q1 2012 | -0.6% | — | — | |
| Q4 2011 | +0.4% | — | — | |
| Q3 2011 | +0.6% | — | — | |
| Q3 2010 | +0.6% | — | — | |
| Q2 2011 | -0.5% | — | — | |
| Q2 2010 | -0.5% | — | — | |
| Q1 2010 | +5.3% | — | — | |
| Q1 2011 | +5.3% | — | — | |
| Q4 2010 | +0.2% | — | — | |
| Q4 2008 | +0.2% | — | — | |
| Q4 2009 | +0.2% | — | — |
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