Icon (FRA:IJF) Operating Margin %: 9.19% (As of Mar. 2026) — 36% Below Median


FRA:IJF Icon PLC FRA:IJF
87 GF Score
Price €137.25
GF Value €194.31
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Icon Operating Margin %?

Icon FRA:IJF +7.23% 87 Operating Margin % is 9.19% as of Mar. 2026, which is 36% below its 10-year median of 14.36. GuruFocus rates FRA:IJF with a GF Score™ of 87/100 and a GF Value™ of €194.31 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 204 Medical Diagnostics & Research companies, Icon ranks better than 70.59% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Icon's Operating Income for the three months ended in Mar. 2026 was €162 Mil. Icon's Revenue for the three months ended in Mar. 2026 was €1,759 Mil. Therefore, Icon's Operating Margin % for the quarter that ended in Mar. 2026 was 9.19%.

The historical rank and industry rank for Icon's Operating Margin % or its related term are showing as below:

FRA:IJF' s Operating Margin % Range Over the Past 10 Years
Min: 10.98   Med: 14.36   Max: 19.68
Current: 10.98


FRA:IJF's Operating Margin % is ranked better than
70.59% of 204 companies
in the Medical Diagnostics & Research industry
Industry Median: -3.195 vs FRA:IJF: 10.98

Icon's 5-Year Average Operating Margin % Growth Rate was -0.20% per year.

Icon's Operating Income for the three months ended in Mar. 2026 was €162 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €779 Mil.


Icon  (FRA:IJF) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Icon Operating Margin % Related Terms


Icon Operating Margin % Historical Data

* Premium members only.

The historical data trend for Icon's Operating Margin % 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.

Icon Operating Margin % Chart

Icon Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.09 11.19 12.34 14.09 12.27

Icon Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Margin % Get a 7-Day Free Trial 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 13.48 12.83 11.96 9.98 9.19

FRA:IJF vs RVTY, CRL, MEDP: Operating Margin % Comparison

For the Diagnostics & Research subindustry, Icon's Operating Margin %, along with its competitors' market caps and Operating Margin % 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 Operating Margin % vs Medical Diagnostics & Research Industry

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

* The bar in red indicates where Icon's Operating Margin % falls into.


FRA:IJF
87GF Score
Icon PLC FRA:IJF
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Icon Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Icon's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=864.64 / 7046.644
=12.27 %

Icon's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=161.752 / 1759.409
=9.19 %

* 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.

Frequently Asked Questions Learn more about Operating Margin % →
What does a Operating Margin % of 9.19% mean?
Icon (FRA:IJF) has a Operating Margin % of 9.19% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Icon and its competitors. This is 36% below median its historical median of 14.36. Over the past decade, Icon's Operating Margin % has ranged from 10.98 to 19.68. According to the industry distribution chart, Icon ranks #60 out of 204 companies in the Medical Diagnostics & Research industry, placing it in the top 29.4%.
Is Icon's Operating Margin % too high?
Icon's current Operating Margin % of 9.19% is 36% below median its 10-year median of 14.36. Over the past 10 years, this metric has ranged from a low of 10.98 to a high of 19.68. Based on the distribution chart, Icon ranks #60 out of 204 companies in the Medical Diagnostics & Research industry, which is above the industry midpoint. Overall, Icon has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Icon's Operating Margin % compare to RVTY and CRL?
According to the Medical Diagnostics & Research industry distribution chart, Icon ranks #60 out of 204 companies for Operating Margin %. This puts Icon in the upper half of its industry. Historically, Icon's own Operating Margin % has ranged from 10.98 to 19.68 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Medical Diagnostics & Research company?
A good Operating Margin % depends on the Medical Diagnostics & Research industry context. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Icon and its competitors. Icon's current Operating Margin % is 9.19%, which is 36% below median its own 10-year median of 14.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icon stock overvalued right now?
Based on GuruFocus' analysis, Icon (FRA:IJF) is currently considered Modestly Undervalued. The stock's GF Value™ is €194.31, compared to a current price of €137.25 — trading 29.4% below its estimated fair value. The current Operating Margin % is 9.19%, which is 36% below median its 10-year median of 14.36. Icon's overall GF Score™ is 87/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Icon (FRA:IJF), the current Operating Margin % is 9.19% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Icon (FRA:IJF) Overvalued in 2026?

Based on GuruFocus' analysis, Icon stock appears to be undervalued. The current stock price of €137.25 is trading 29.4% below its estimated GF Value™ of €194.31. GuruFocus considers Icon to be Modestly Undervalued.

Key valuation signals for FRA:IJF:

  • Operating Margin %: 9.19% (36% below median its 10-year median of 14.36)
  • GF Value™: €194.31 vs. price of €137.25 (29.4% below fair value)
  • GF Score™: 87/100 with 4 warning signs

No single metric tells the full story. See the FRA:IJF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Icon Business Description

Address South County Business Park, Leopardstown, Dublin, IRL, D18 X5R3
Icon is a global contract research organization that provides outsourced clinical development services to pharmaceutical and biotechnology firms. Icon supports clients across late-stage clinical trials through the regulatory approval process and postmarket studies. Icon's services include clinical trial management, patient recruitment, data analytics, laboratory services, and regulatory consulting. With more than 40,000 employees operating in over 50 countries, the company partners with life sciences firms to run clinical trials and bring new drugs to market.
87GF Score

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Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€137.25
Price
€194.31
GF Value