ICON Total Operating Expenses vs Operating Income Analysis

ICLR Stock  USD 215.96  3.27  1.49%   
ICON PLC financial indicator trend analysis is infinitely more than just investigating ICON PLC recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ICON PLC is a good investment. Please check the relationship between ICON PLC Total Operating Expenses and its Operating Income accounts. 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.

Total Operating Expenses vs Operating Income

Total Operating Expenses vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ICON PLC Total Operating Expenses account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between ICON PLC's Total Operating Expenses and Operating Income is 0.95. Overlapping area represents the amount of variation of Total Operating Expenses that can explain the historical movement of Operating Income in the same time period over historical financial statements of ICON PLC, assuming nothing else is changed. The correlation between historical values of ICON PLC's Total Operating Expenses and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Operating Expenses of ICON PLC are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Total Operating Expenses i.e., ICON PLC's Total Operating Expenses and Operating Income go up and down completely randomly.

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

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.
Most indicators from ICON PLC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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 Selling General Administrative is relatively stable compared to the past year. As of 12/11/2024, Sales General And Administrative To Revenue is likely to grow to 0.22, while Enterprise Value Over EBITDA is likely to drop 8.93.
 2021 2022 2023 2024 (projected)
Gross Profit1.5B2.2B2.4B2.5B
Total Revenue5.5B7.7B8.1B8.5B

ICON PLC fundamental ratios Correlations

0.490.530.520.480.480.570.480.480.390.250.480.240.51-0.10.490.40.480.50.510.170.970.450.510.480.48
0.490.980.960.981.00.970.980.880.950.361.00.280.97-0.730.980.321.01.00.95-0.130.530.990.981.00.99
0.530.980.930.920.960.950.990.780.870.350.980.270.9-0.671.00.330.980.990.88-0.070.580.961.00.980.99
0.520.960.930.950.950.980.930.860.910.40.950.320.94-0.710.940.360.950.960.93-0.190.550.940.940.950.94
0.480.980.920.950.980.960.920.940.970.460.960.370.99-0.770.930.290.970.960.98-0.180.520.960.930.970.95
0.481.00.960.950.980.970.960.910.960.330.990.250.98-0.730.960.321.00.980.95-0.130.510.990.961.00.98
0.570.970.950.980.960.970.940.880.920.410.960.340.94-0.690.950.380.960.970.94-0.090.620.950.950.960.95
0.480.980.990.930.920.960.940.770.870.280.990.20.9-0.691.00.30.980.990.87-0.060.520.970.990.981.0
0.480.880.780.860.940.910.880.770.960.450.860.390.96-0.70.790.290.870.850.97-0.20.50.870.780.870.82
0.390.950.870.910.970.960.920.870.960.410.930.330.96-0.780.880.310.940.920.96-0.260.420.950.870.940.91
0.250.360.350.40.460.330.410.280.450.410.320.990.38-0.530.350.190.30.380.53-0.470.40.270.360.320.31
0.481.00.980.950.960.990.960.990.860.930.320.240.95-0.720.990.321.01.00.93-0.110.520.990.981.01.0
0.240.280.270.320.370.250.340.20.390.330.990.240.3-0.410.260.130.210.30.46-0.420.40.180.280.230.23
0.510.970.90.940.990.980.940.90.960.960.380.950.3-0.720.910.260.960.950.98-0.150.520.950.90.960.92
-0.1-0.73-0.67-0.71-0.77-0.73-0.69-0.69-0.7-0.78-0.53-0.72-0.41-0.72-0.7-0.43-0.72-0.73-0.750.5-0.15-0.72-0.69-0.72-0.71
0.490.981.00.940.930.960.951.00.790.880.350.990.260.91-0.70.320.980.990.89-0.110.550.971.00.981.0
0.40.320.330.360.290.320.380.30.290.310.190.320.130.26-0.430.320.320.320.29-0.220.410.310.330.310.32
0.481.00.980.950.971.00.960.980.870.940.31.00.210.96-0.720.980.320.990.93-0.110.511.00.971.00.99
0.51.00.990.960.960.980.970.990.850.920.381.00.30.95-0.730.990.320.990.93-0.130.540.980.990.991.0
0.510.950.880.930.980.950.940.870.970.960.530.930.460.98-0.750.890.290.930.93-0.230.550.920.880.930.9
0.17-0.13-0.07-0.19-0.18-0.13-0.09-0.06-0.2-0.26-0.47-0.11-0.42-0.150.5-0.11-0.22-0.11-0.13-0.230.14-0.11-0.1-0.11-0.1
0.970.530.580.550.520.510.620.520.50.420.40.520.40.52-0.150.550.410.510.540.550.140.480.560.510.52
0.450.990.960.940.960.990.950.970.870.950.270.990.180.95-0.720.970.311.00.980.92-0.110.480.961.00.99
0.510.981.00.940.930.960.950.990.780.870.360.980.280.9-0.691.00.330.970.990.88-0.10.560.960.980.99
0.481.00.980.950.971.00.960.980.870.940.321.00.230.96-0.720.980.311.00.990.93-0.110.511.00.980.99
0.480.990.990.940.950.980.951.00.820.910.311.00.230.92-0.711.00.320.991.00.9-0.10.520.990.990.99
Click cells to compare fundamentals

ICON PLC Account Relationship Matchups

ICON PLC fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding54.3M53.3M68.1M82.5M82.7M47.6M
Total Assets2.9B3.5B17.4B17.2B17.0B17.8B
Short Long Term Debt Total454.6M433.6M5.6B4.8B3.9B4.1B
Other Current Liab362.3M360.9M899.7M961.4M879.0M922.9M
Total Current Liabilities1.1B1.1B2.5B2.7B2.8B3.0B
Total Stockholder Equity1.6B1.9B8.1B8.5B9.2B9.7B
Property Plant And Equipment Net270.1M192.9M534.6M504.2M501.5M526.6M
Net Debt(65.8M)(406.7M)4.8B4.5B3.6B3.7B
Retained Earnings1.1B1.4B1.4B1.8B2.4B2.6B
Accounts Payable24.1M51.1M90.8M81.2M131.6M138.2M
Cash520.3M840.3M752.2M288.8M378.1M216.9M
Non Current Assets Total1.3B1.4B14.4B14.0B13.6B14.3B
Cash And Short Term Investments569.9M842.0M753.9M290.5M380.1M261.1M
Net Receivables1.0B1.1B2.1B2.8B2.9B3.0B
Short Term Investments49.6M1.7M1.7M1.7M2.0M1.9M
Liabilities And Stockholders Equity2.9B3.5B17.4B17.2B17.0B17.8B
Non Current Liabilities Total158.2M446.6M6.8B6.0B4.9B5.2B
Other Current Assets41.5M117.0M114.3M137.1M132.1M79.8M
Other Stockholder Equity579.0M617.1M6.7B6.8B6.9B7.3B
Total Liab1.3B1.6B9.3B8.7B7.7B8.1B
Total Current Assets1.6B2.1B2.9B3.2B3.4B3.6B
Accumulated Other Comprehensive Income(75.8M)(13M)(90.9M)(171.5M)(142.3M)(135.2M)
Short Term Debt378.0M(498.3M)105.1M98.8M146.6M97.4M
Common Stock4.6M4.6M6.6M6.6M6.7M4.0M
Other Liab42.1M52.1M1.3B1.3B1.5B1.5B
Good Will883.2M936.3M9.0B9.0B9.0B9.5B
Intangible Assets67.9M66.5M4.7B4.3B3.9B4.0B
Property Plant Equipment270.1M258.9M534.6M504.2M579.8M608.8M
Current Deferred Revenue367.0M660.9M1.3B1.5B1.7B1.7B
Non Currrent Assets Other34.7M26.9M89.2M92.2M78.5M82.4M
Common Stock Total Equity4.7M4.7M4.6M4.6M5.3M3.8M
Inventory2.3M3.2M4.8M1.07.1M0.95
Property Plant And Equipment Gross270.1M258.9M534.6M329.4M921.4M967.5M
Other Assets51.4M50.7M137.6M169.1M194.5M204.2M
Net Tangible Assets667.0M847.5M(5.7B)(4.8B)(4.3B)(4.1B)
Long Term Investments10.1M20.3M25.0M32.6M46.8M49.1M

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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  0.49XCUR ExicurePairCorr
  0.42DYAI Dyadic InternationalPairCorr
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.
Pair CorrelationCorrelation Matching

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.