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Icon Gross Profit

: $1,205 Mil (TTM As of Sep. 2021)
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Icon's gross profit for the three months ended in Sep. 2021 was $508 Mil. Icon's gross profit for the trailing twelve months (TTM) ended in Sep. 2021 was $1,205 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Icon's gross profit for the three months ended in Sep. 2021 was $508 Mil. Icon's Revenue for the three months ended in Sep. 2021 was $1,866 Mil. Therefore, Icon's Gross Margin % for the quarter that ended in Sep. 2021 was 27.24%.

Icon had a gross margin of 27.24% for the quarter that ended in Sep. 2021 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Icon was 42.31%. The lowest was 27.67%. And the median was 36.18%.

Warning Sign:

Icon PLC gross margin has been in long term decline. The average rate of decline per year is -8.9%.


Icon Gross Profit Historical Data

The historical data trend for Icon's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Icon Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Gross Profit
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 705.15 731.13 777.56 831.70 817.41

Icon Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 208.32 224.88 231.95 240.03 508.41

Competitive Comparison

For the Diagnostics & Research subindustry, Icon's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Icon Gross Profit Distribution

For the Medical Diagnostics & Research industry and Healthcare sector, Icon's Gross Profit distribution charts can be found below:

* The bar in red indicates where Icon's Gross Profit falls into.



Icon Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Icon's Gross Profit for the fiscal year that ended in Dec. 2020 is calculated as

Gross Profit (A: Dec. 2020 )=Revenue - Cost of Goods Sold
=2797.288 - 1979.883
=817

Icon's Gross Profit for the quarter that ended in Sep. 2021 is calculated as

Gross Profit (Q: Sep. 2021 )=Revenue - Cost of Goods Sold
=1866.352 - 1357.942
=508

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,205 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Icon's Gross Margin % for the quarter that ended in Sep. 2021 is calculated as

Gross Margin % (Q: Sep. 2021 )=Gross Profit (Q: Sep. 2021 ) / Revenue (Q: Sep. 2021 )
=(Revenue - Cost of Goods Sold) / Revenue
=508 / 1866.352
=27.24 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Icon  (NAS:ICLR) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Icon had a gross margin of 27.24% for the quarter that ended in Sep. 2021 => Competition eroding margins


Icon Gross Profit Related Terms

Thank you for viewing the detailed overview of Icon's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.


Icon Business Description

Icon logo
Industry
Traded in Other Exchanges
Address
South County Business Park, Leopardstown, Dublin, IRL, 18
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.

Icon Headlines

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