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IQVIA IQV Ratios & Valuation

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Profitability
Gross margin33%-0.3pp33.3%-0.5pp33.8%-0.5pp34.2%-0.5pp34.7%-0.2pp
Operating margin13.2%-0.2pp13.4%-0.3pp13.7%-0.2pp13.9%-0.3pp14.1%-0.1pp
Net margin8.3%0.0pp8.3%+0.3pp8.1%+0.2pp7.9%-0.7pp8.6%-0.3pp
Returns
Return on equity22.7%+1.1pp21.6%+2.1pp19.5%-0.3pp19.8%-1.8pp21.7%-0.9pp
Return on invested capital10.2%+0.3pp9.9%+0.2pp9.7%+0.2pp9.5%-0.6pp10.1%-0.1pp
Efficiency
Asset turnover0.6×0.0×0.6×0.0×0.6×0.0×0.6×0.0×0.6×0.0×
Liquidity
Current ratio0.7×0.0×0.7×0.0×0.7×-0.1×0.8×0.0×0.8×0.0×
Leverage
Debt-to-equity2.6×+0.1×2.5×0.0×2.5×-0.3×2.7×+0.3×2.4×0.0×
Net debt / EBITDA-0.1×4.1×+0.2×3.9×-0.2×4.1×+0.4×3.7×0.0×
Per Share
Book value per share$36.64-2.3%$37.48+4.5%$35.88+7.5%$33.36-1.0%$33.69+1.8%
Valuation
Market capitalization$28.63B-25.4%$38.39B+18.9%$32.29B+17.7%$27.43B-11.7%$31.08B-12.8%
Price / earnings20.7×-7.6×28.2×+3.1×25.2×+3.0×22.2×-1.1×23.3×-2.7×
Price / sales1.7×-0.6×2.4×+0.3×+0.3×1.7×-0.3×-0.3×
Price / book4.6×-1.3×5.9×+0.7×5.2×+0.5×4.7×-0.5×5.2×-0.7×
EV / EBITDA12.1×-3.1×15.2×+1.9×13.3×+1.0×12.3×-0.5×12.8×-1.3×

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Questions, answered.

What are IQVIA's profit margins?
IQVIA (IQV) runs a 33.0% gross margin and a 13.2% operating margin, with a 8.3% net margin.
Where do IQVIA's ratios come from?
Every ratio is computed from IQVIA's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.