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IQVIA IQV EV / sales

EV / sales at other companies

Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
5.1×-0.9×
UnitedHealth Group logo
UnitedHealth GroupUNH
0.7×-0.6×
Labcorp Holdings logo
Labcorp HoldingsLH
+0.1×
Cognizant logo
CognizantCTSH
1.4×-0.5×
Oracle logo
OracleORCL
6.4×-3.5×
Veeva Systems logo
Veeva SystemsVEEV
7.1×-5.2×

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
Debt / equity2.6×+0.2×
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 EV / sales?
IQVIA (IQV) reported EV / sales of 2.6× in Q1 2026.
How has IQVIA's EV / sales changed year-over-year?
IQVIA's EV / sales decreased by 9.2% year-over-year, from 2.8× to 2.6×.
What is the long-term trend for IQVIA's EV / sales?
Over 5 years (2020 to 2025), IQVIA's EV / sales has grown at a -4.3% compound annual growth rate (CAGR), from 4× to 3.2×.
What does EV / sales mean?
What the whole business costs relative to its annual sales.
How do you interpret EV / sales?
A fallback valuation gauge for pre-profit or cyclical firms. Like P/S, only comparable across similar-margin businesses, but it accounts for debt and cash unlike P/S.
How does EV / sales compare across companies?
Compare within a margin cohort; the debt-and-cash adjustment makes it cleaner than P/S for leveraged firms.