IQVIA IQV Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 33%-1.7pp | 33.3%-1.6pp | 33.8%-1.4pp | 34.2%-0.8pp | 34.7%-0.3pp | |
| Operating margin | 13.2%-0.9pp | 13.4%-0.9pp | 13.7%+0.2pp | 13.9%+0.6pp | 14.1%+0.8pp | |
| Net margin | 8.3%-0.3pp | 8.3%-0.6pp | 8.1%-1.1pp | 7.9%-1.5pp | 8.6%-0.4pp | |
| EBITDA margin | 21.2%-1.0pp | 21.2%-1.2pp | 21.6%0.0pp | 21.3%-0.7pp | 22.2%+0.5pp | |
| Free cash flow margin | 12.7%-1.2pp | 12.6%-1.1pp | 13.9%+1.1pp | 12.8%+0.7pp | 14%+3.2pp | |
| Returns | ||||||
| Return on equity | 22.7%+1.1pp | 21.6%-0.9pp | 19.5%-2.5pp | 19.8%-3.0pp | 21.7%-0.5pp | |
| Return on assets | 4.9%-0.1pp | 4.8%-0.3pp | 4.6%-0.7pp | 4.5%-0.9pp | 5%-0.2pp | |
| Return on invested capital | 10.2%+0.1pp | 9.9%-0.3pp | 9.7%-2.0pp | 9.5%-2.4pp | 10.1%-1.6pp | |
| Efficiency | ||||||
| Asset turnover | 0.6×0.0× | 0.6×0.0× | 0.6×0.0× | 0.6×0.0× | 0.6×0.0× | |
| Liquidity | ||||||
| Current ratio | 0.7×-0.1× | 0.7×-0.1× | 0.7×-0.1× | 0.8×0.0× | 0.8×-0.1× | |
| Quick ratio | 0.7×-0.1× | 0.7×-0.1× | 0.7×-0.1× | 0.8×0.0× | 0.8×-0.1× | |
| Cash ratio | 0.2×0.0× | 0.2×0.0× | 0.2×0.0× | 0.3×0.0× | 0.2×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 2.6×+0.2× | 2.5×+0.1× | 2.5×+0.5× | 2.7×+0.7× | 2.4×+0.3× | |
| Debt-to-assets | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | |
| Net debt / EBITDA | 4×+0.3× | 4.1×+0.4× | 3.9×+0.2× | 4.1×+0.5× | 3.7×0.0× | |
| Interest coverage | 3.1×-0.4× | 3.2×-0.3× | 3.3×+0.1× | 3.2×+0.1× | 3.5×+0.4× | |
| Per Share | ||||||
| Book value per share | $36.64+8.7% | $37.48+13.3% | $35.88-5.1% | $33.36-8.4% | $33.69-2.1% | |
| Valuation | ||||||
| Market capitalization | $28.63B-7.9% | $38.39B+7.6% | $32.29B-25.2% | $27.43B-28.7% | $31.08B-32.4% | |
| Enterprise value | $42.75B-2.5% | $52.67B+8.7% | $45.67B-17.4% | $41.1B-18.4% | $43.85B-24.8% | |
| Price / earnings | 20.7×-2.6× | 28.2×+2.2× | 25.2×-5.6× | 22.2×-4.8× | 23.3×-10.6× | |
| Price / sales | 1.7×-0.3× | 2.4×0.0× | 2×-0.8× | 1.7×-0.8× | 2×-1.0× | |
| Price / book | 4.6×-0.6× | 5.9×0.0× | 5.2×-1.0× | 4.7×-1.0× | 5.2×-2.1× | |
| EV / EBITDA | 12.1×-0.6× | 15.2×+1.2× | 13.3×-3.4× | 12.3×-2.8× | 12.8×-5.1× | |
| EV / sales | 2.6×-0.3× | 3.2×+0.1× | 2.9×-0.7× | 2.6×-0.7× | 2.8×-1.0× | |
| Free cash flow yield | 7.4%+0.4pp | 5.3%-0.6pp | 6.8%+2.3pp | 7.3%+2.6pp | 7%+3.4pp | |
| Earnings yield | 4.8%+0.5pp | 3.5%-0.3pp | 4%+0.7pp | 4.5%+0.8pp | 4.3%+1.3pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
