ICLRICON Public Limited Company
Is it safe?
Mostly sound, with a caveat: comfortable debt (AA), but big price swings.
Insiders were net sellers (-$4.0M, 90 days to Oct 8, 2026), selling is often routine.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -77% · now 19% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can ICLR take a bad year?
ICON Public Limited Company carries $2.46B of net debt at 3.69× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.69×
Net debt / EBITDA · 2.05× a year ago · the load is going up
- Debt / equity
- 0.36×
Debt / equity
- Annualised volatility
- 60%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ2 2026
- $3.39B
- Cash and short-term investments
- $928M
- Net debt
- $2.46B
- EBITDA, trailing twelve months
- $667M
- Operating profit, trailing twelve months
- $297M
- Debt / equity
- 0.36×
- Total debt / EBITDA
- 5.08×
- Annualised volatilitytwo years of daily moves
- 60%
- Worst drawdown on file
- −77%
- Below its 52-week high
- 19%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Diagnostics & Research
Ranks #3 of 21 by RyuScore