Agilent Technologies vs Icon
Icon is the larger business, with $8.25bn of revenue in fiscal 2025 against $6.95bn for Agilent Technologies (1.2 times as much). Agilent Technologies grew faster (6.7% against 0.8%). Agilent Technologies kept more of each dollar of sales as profit: a net margin of 18.8% against 2.8%. Icon carries less debt relative to equity (37.2% against 49.8%).
| Latest fiscal year | Agilent TechnologiesA, 2025 | IconICLR, 2025 |
|---|---|---|
| Revenue | $6.95bn | $8.25bn |
| Revenue growth | 6.7% | 0.8% |
| Net income | $1.30bn | $229m |
| Operating margin | 21.3% | 5.4% |
| Net margin | 18.8% | 2.8% |
| Return on equity | 20.6% | 2.5% |
| Free cash flow | $1.15bn | $862m |
| Cash | $1.79bn | $647m |
| Total debt | $3.35bn | $3.42bn |
| Debt to equity | 49.8% | 37.2% |
| Dividend per share | $0.99 | — |
| Dividend yield | 0.6% | — |
| Share buybacks | $425m | $750m |
| Employees | 18,100 | — |
| Market value | $49.72bn | $15.75bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | 87 (Strong) | 52 (Moderate) |
| Insider trades, 12 months | 0 buys, 6 sales | 0 buys, 42 sales |