ICON Historical Income Statement
| ICLR Stock | USD 214.25 1.49 0.70% |
Historical analysis of ICON PLC income statement accounts such as Gross Profit of 1.9 B or Operating Income of 1 B can show how well ICON PLC performed in making a profits. Evaluating ICON PLC income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of ICON PLC's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining ICON PLC latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether ICON PLC is a good buy for the upcoming year.
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About ICON Income Statement Analysis
ICON PLC Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to ICON PLC shareholders. The income statement also shows ICON investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
ICON PLC Income Statement Chart
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Total Revenue
Total revenue comprises all receipts ICON PLC generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of ICON PLC minus its cost of goods sold. It is profit before ICON PLC operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Operating Income
Operating Income is the amount of profit realized from ICON PLC operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of ICON PLC is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Most accounts from ICON PLC's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into ICON PLC current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ICON PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. To learn how to invest in ICON Stock, please use our How to Invest in ICON PLC guide.At this time, ICON PLC's Net Income is relatively stable compared to the past year. As of 11/25/2024, Depreciation And Amortization is likely to grow to about 615.2 M, though Total Other Income Expense Net is likely to grow to (315.1 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.5B | 2.2B | 1.8B | 1.9B | Total Revenue | 5.5B | 7.7B | 8.1B | 8.5B |
ICON PLC income statement Correlations
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ICON PLC Account Relationship Matchups
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ICON PLC income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 6.4M | 15.1M | 182.4M | 229.7M | 336.7M | 353.5M | |
| Total Revenue | 2.8B | 2.8B | 5.5B | 7.7B | 8.1B | 8.5B | |
| Gross Profit | 831.7M | 808.0M | 1.5B | 2.2B | 1.8B | 1.9B | |
| Operating Income | 433.4M | 392.0M | 608.5M | 795.2M | 956.2M | 1.0B | |
| Ebit | 433.4M | 394.2M | 379.1M | 797.6M | 1.0B | 1.1B | |
| Ebitda | 495.0M | 488.8M | 739.4M | 1.4B | 1.6B | 1.7B | |
| Income Before Tax | 427.0M | 382.2M | 196.7M | 567.9M | 624.5M | 655.7M | |
| Net Income | 374.0M | 327.8M | 153.2M | 505.3M | 612.3M | 643.0M | |
| Income Tax Expense | 51.1M | 50.8M | 41.3M | 59.4M | 11.7M | 11.2M | |
| Depreciation And Amortization | 61.6M | 94.6M | 360.3M | 614.7M | 586.0M | 615.2M | |
| Other Operating Expenses | 2.4B | 2.4B | 4.9B | 6.9B | 7.2B | 7.5B | |
| Cost Of Revenue | 2.0B | 2.0B | 4.0B | 5.5B | 6.3B | 6.6B | |
| Total Operating Expenses | 398.3M | 416.1M | 900.3M | 1.3B | 755.6M | 793.4M | |
| Total Other Income Expense Net | (6.4M) | (10.3M) | (181.8M) | (227.4M) | (331.7M) | (315.1M) | |
| Selling General Administrative | 336.7M | 341.7M | 585.3M | 778.8M | 768.6M | 807.0M | |
| Net Income Applicable To Common Shares | 368.9M | 327.8M | 153.2M | 505.3M | 581.1M | 610.2M | |
| Net Income From Continuing Ops | 375.9M | 333.0M | 153.2M | 505.3M | 612.3M | 336.1M | |
| Tax Provision | 51.1M | 47.9M | 41.3M | 59.4M | 11.7M | 11.2M | |
| Interest Income | 6.9M | 2.7M | 574K | 2.3M | 5.0M | 3.5M | |
| Net Interest Income | (6.4M) | (10.3M) | (181.8M) | (227.4M) | (331.7M) | (315.1M) | |
| Reconciled Depreciation | 61.6M | 66.1M | 315.0M | 569.5M | 586.0M | 615.2M |
Pair Trading with ICON PLC
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ICON PLC position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ICON PLC will appreciate offsetting losses from the drop in the long position's value.Moving together with ICON Stock
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Moving against ICON Stock
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| 0.39 | VRDN | Viridian Therapeutics | PairCorr |
The ability to find closely correlated positions to ICON PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ICON PLC when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ICON PLC - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ICON PLC to buy it.
The correlation of ICON PLC is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ICON PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ICON PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ICON PLC can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for ICON Stock Analysis
When running ICON PLC's price analysis, check to measure ICON PLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ICON PLC is operating at the current time. Most of ICON PLC's value examination focuses on studying past and present price action to predict the probability of ICON PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ICON PLC's price. Additionally, you may evaluate how the addition of ICON PLC to your portfolios can decrease your overall portfolio volatility.