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IQVIA IQV Debt-to-equity

Debt-to-equity at other companies

Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
0.8×+0.1×
UnitedHealth Group logo
UnitedHealth GroupUNH
0.8×-0.1×
Labcorp Holdings logo
Labcorp HoldingsLH
0.8×0.0×
Cognizant logo
CognizantCTSH
0.1×0.0×
Oracle logo
OracleORCL
0.7×-5.3×
Veeva Systems logo
Veeva SystemsVEEV
0.0×

Other financials

Income statement

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Revenue$4.2B+8.4%
Gross profit$1.4B+4.4%
Operating income$514.0M+3.6%
Net income$274.0M+10.0%
EPS (diluted)$1.61+15.0%

Balance sheet

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Cash & equivalents$1.9B+11.9%
Total debt$16.1B+10.7%
Total equity$6.2B+4.1%
Total assets$29.7B+8.6%

Cash flow

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Operating cash flow$618.0M+8.8%
CapEx$127.0M-10.6%
Free cash flow$491.0M+15.3%

Valuation

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Market cap$28B-7.9%
Enterprise value$42.12B-2.5%
P/E20.2×-2.6×
P/S1.7×-0.3×

Profitability

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Gross margin33%-1.7pp
Operating margin13.2%-0.9pp
Net margin8.3%-0.3pp
FCF margin12.7%-1.2pp

Returns & leverage

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Return on equity22.7%+1.1pp
Current ratio0.7×-0.1×

Where this comes from

Calculated from IQVIA’s reported figures.

Based on the most recent quarter.

The official record: IQVIA’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is IQVIA's debt-to-equity?
IQVIA (IQV) reported debt-to-equity of 2.6× in Q1 2026.
How has IQVIA's debt-to-equity changed year-over-year?
IQVIA's debt-to-equity increased by 6.4% year-over-year, from 2.4× to 2.6×.
What is the long-term trend for IQVIA's debt-to-equity?
Over 5 years (2020 to 2025), IQVIA's debt-to-equity has grown at a 2.6% compound annual growth rate (CAGR), from 2.2× to 2.5×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.