Icon Energy's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Icon Energy (ICON) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Icon Energy vs Its Competitors
- TTM: Trailing 12-month revenue of 11M vs 164,531M combined for tracked competitors (0.0% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months), vs accelerating (+41.4%) for its tracked peer group.
- Growth: Icon Energy generated 112.0% revenue growth year over year in Q4 2025, vs 9.6% for its tracked competitors combined.
- Profitability: Its -37.3% net margin compares with 7.7% for the peer group.
- Scale: Icon Energy ranks #53 of 57 companies by market capitalization in the Marine Transportation industry, holding 0.0% of industry market cap.
- Peer revenue share: Icon Energy accounted for 0.0% of combined revenue among its tracked peer group, up from 0.0% a year earlier.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
ICON Sales vs. its Competitors, Q4 2025
Icon Energy reported revenue growth of 112.02 % year on year in Q4 2025, above its competitors' combined revenue growth of 9.61 %.
With a net margin of -37.29 %, Icon Energy reported lower profitability than its competitors (7.66 %).
Icon Energy generated 0.02 % of the combined sales of its peer group, up from 0.01 % a year earlier.
Icon Energy vs. its Competitors, Q4 2025
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Icon Energy and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Icon Energy Corp | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (5) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (6) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Icon Energy's competitor groups requires a Commercial License.
For context: the Marine Transportation industry grew revenue 2.3% year over year, combined, vs 112.0% for Icon Energy. Icon Energy's share of combined industry revenue moved from 0.01% to 0.03%, a gain of 0.01 percentage points.
Icon Energy's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Icon Energy Corp | No | Yes | Yes | No |
| Competitors combined (30) | ||||
| High-Confidence Competitors (2) | ||||
| Similar-Size Competitors (5) | ||||
| Similar Growth & Profitability (8) | 75.00 % (6 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 28.60 % (2 of 7) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
ICON Stock Performance relative to its Competitors
ICON Stock Performance relative to High-Confidence Competitors
ICON Stock Performance relative to Similar-Size Competitors
ICON Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Fossil Group inc | 282.9% | Outperformed |
| 2 | Vera Bradley Inc | 282.9% | Outperformed |
| 3 | Movado Group Inc | 282.9% | Outperformed |
| 4 | Ross Stores Inc | 282.9% | Outperformed |
| 5 | Weyco Group inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Icon Energy's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Icon Energy's Comment on Competition and Industry Peers
Publicly Traded Peers of Icon Energy Corp
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Icon Energy Corp | 0.37 | 11.26 |
| Ross Stores Inc | 76,160.66 | 23,776.06 |
| Nike Inc | 53,863.97 | 46,398.00 |
| Ralph Lauren Corporation | 21,893.91 | 8,355.20 |
| Amer Sports Inc | 15,552.15 | 6,565.30 |
| Lululemon Athletica Inc | 11,357.39 | 11,093.25 |
| SUBTOTAL | 247,370.27 | 178,623.32 |
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Sources: Icon Energy Corp's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Icon Energy Corp versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Icon Energy's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Bowflex Inc | Named by the company | 85% |
| Fitell Corporation | Named by the company | 85% |
| Blackwell 3d Construction Corp | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Icon Energy's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Icon Energy's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Ross Stores Inc | Reportable 100.00 % |
| Nike Inc | North America 44.56 % |
| Ralph Lauren Corporation | North America 41.03 % |
| Lululemon Athletica Inc | Americas 71.41 % |
| Deckers Outdoor Corp | UGG Brand 50.05 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Icon Energy's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Icon Energy Corp | 0 | - | - |
| Ross Stores Inc | 76,161 | 214,199 | 20,863 |
| Nike Inc | 53,864 | 635,589 | 42,575 |
| Ralph Lauren Corporation | 21,894 | 357,060 | 42,004 |
| Amer Sports Inc | 15,552 | 426,318 | 28,597 |
| Lululemon Athletica Inc | 11,357 | 284,442 | 36,358 |
| PEERS TOTAL | 247,370 | 385,190 | 28,983 |
Icon Energy's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Ralph Lauren Corporation | Americas 43.07 % |
| Lululemon Athletica Inc | Americas 71.41 % |
| Deckers Outdoor Corp | United States 58.33 % |
| Skechers Usa Inc | Americas 45.63 % |
| Urban Outfitters Inc | Geographic Distribution Domestic 87.31 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Icon Energy's Position in Industry Market Structure
Market-capitalization share and concentration across all 55 companies in Icon Energy's industry classification, broader than the peer set above. Market cap in millions of $.Icon Energy ranks #53 of 55 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 996, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Expeditors International Of Washington Inc | 24,774 | 22.63 % |
| 2 | C h Robinson Worldwide Inc | 17,752 | 16.21 % |
| 3 | Frontline Plc | 10,703 | 9.78 % |
| 4 | Cmb tech Nv | 4,371 | 3.99 % |
| 5 | Brink s Co | 1,234 | 5.2% |
| 6 | Scorpio Tankers Inc | 1,234 | 5.2% |
| 7 | Torm Plc | 1,234 | 5.2% |
| 8 | Dht Holdings Inc | 1,234 | 5.2% |
| 9 | Zim Integrated Shipping Services Ltd | 1,234 | 5.2% |
| 10 | Star Bulk Carriers Corp | 1,234 | 5.2% |
| 53 | Icon Energy Corp | 0 | 0.00 % |
Market cap and industry share for the rest of Icon Energy's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Icon Energy's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 48 | Jayud Global Logistics Limited | 2 | - |
| 49 | Hub Group Inc | 2 | -13.64 % |
| 50 | Singularity Future Technology Ltd | 0 | -20.37 % |
| 51 | Robin Energy Ltd | 1,234 | 12.3% |
| 52 | Globavend Holdings Limited | 1,234 | 12.3% |
| 53 | Icon Energy Corp | 0 | -90.91 % |
| 54 | Freight Technologies Inc | 1,234 | 12.3% |
| 55 | C3is Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Icon Energy's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Icon Energy's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Marine Transportation industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (65 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 0.00 % | 47.92 % (avg) | -47.9 pp |
| Operating Margin | 1.60 % | industry median | -23.2 pp |
| EBITDA Margin | -10.48 % | 22.53 % (avg) | -33.0 pp |
| Capital Intensity (Capex / Revenue) | 54.07 % | 15.33 % (avg) | +38.7 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Icon Energy's Valuation vs Competitive Position
Valuation multiples vs the Marine Transportation industry average (65 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 11.0x | - |
| EV / EBITDA | - | 7.1x | - |
| P/B | 0.0x | 1.2x | -1.2x |
| Return on Equity | -19.63 % | industry aggregate | -33.78 % |
| Return on Invested Capital | 0.17 % | 4.43 % (avg) | -4.26 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Icon Energy's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2020 | 2024 | 2025 |
|---|---|---|---|
| Revenue Growth | -27.12 % | -95.11 % | 112.02 % |
| Operating Margin | 62.26 % | 3.20 % | 1.60 % |
| Return on Invested Capital | 69.76 % | 0.33 % | 0.17 % |
| P/E | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Icon Energy's Strategic Group Map
Every company in Icon Energy's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Icon Energy is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Icon Energy's BCG Growth-Share Matrix
Relative market share (vs Icon Energy's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Icon Energy falls in the Dog quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue -0.1% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Icon Energy's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 996 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 54.07 % vs industry average 15.33 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Icon Energy's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Icon Energy's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Icon Energy's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Icon Energy falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Icon Energy's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months).
Weaknesses
- Operating margin 23.2 points below the industry median.
- Return on equity 33.8 points below the industry aggregate.
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.00x).
Opportunities
No rule matched.
Threats
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Icon Energy's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Icon Energy Corp | 0.85 | 1.10 | 3.15 |
| Ross Stores Inc | 0.87 | 1.55 | 0.23 |
| Nike Inc | 0.64 | 2.12 | 0.61 |
| Ralph Lauren Corporation | 0.93 | 1.99 | 0.46 |
| Amer Sports Inc | 0.30 | 1.50 | 0.05 |
| Lululemon Athletica Inc | 0.01 | 2.20 | - |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Icon Energy's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Icon Energy Corp | Q4 2025 | +112.0 % | - |
| Ross Stores Inc | Q1 2026 | +20.6 % | +35.6 % |
| Nike Inc | Q2 2026 | -1.1 % | +406.6 % |
| Ralph Lauren Corporation | Q2 2026 | +14.0 % | +19.0 % |
| Amer Sports Inc | Q4 2025 | +26.7 % | +461.7 % |
| Lululemon Athletica Inc | Q2 2026 | -4.3 % | -11.2 % |
| PEERS TOTAL | +8.5 % | +44.0 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Icon Energy's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Icon Energy Corp | Q4 2025 | - | -66.2 % |
| Ross Stores Inc | Q1 2026 | +18.1 % | +0.8 % |
| Nike Inc | Q2 2026 | -15.8 % | +38.0 % |
| Ralph Lauren Corporation | Q2 2026 | +8.1 % | -71.5 % |
| Amer Sports Inc | Q4 2025 | +19.6 % | -5.5 % |
| Lululemon Athletica Inc | Q2 2026 | -9.0 % | -15.9 % |
Icon Energy's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Icon Energy Corp | - | - | - |
| Ross Stores Inc | 15.18% | 23.36% | 38.42% |
| Nike Inc | 8.32% | 13.87% | 22.35% |
| Ralph Lauren Corporation | 13.20% | 14.27% | 36.63% |
| Amer Sports Inc | 4.38% | 3.89% | 7.57% |
| Lululemon Athletica Inc | 16.97% | 21.73% | 29.73% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Icon Energy's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Icon Energy Corp | - | 0.03 |
| Ross Stores Inc | 33.16 | 3.20 |
| Nike Inc | 17.40 | 1.16 |
| Ralph Lauren Corporation | 22.53 | 2.62 |
| Amer Sports Inc | 36.34 | 2.37 |
| Lululemon Athletica Inc | 8.29 | 1.02 |
| PEERS AVERAGE | 18.41 | 1.38 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.