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IQVIA IQV Ratios & Valuation

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Profitability
Gross margin33%-1.7pp33.3%-1.6pp33.8%-1.4pp34.2%-0.8pp34.7%-0.3pp
Operating margin13.2%-0.9pp13.4%-0.9pp13.7%+0.2pp13.9%+0.6pp14.1%+0.8pp
Net margin8.3%-0.3pp8.3%-0.6pp8.1%-1.1pp7.9%-1.5pp8.6%-0.4pp
EBITDA margin21.2%-1.0pp21.2%-1.2pp21.6%0.0pp21.3%-0.7pp22.2%+0.5pp
Free cash flow margin12.7%-1.2pp12.6%-1.1pp13.9%+1.1pp12.8%+0.7pp14%+3.2pp
Returns
Return on equity22.7%+1.1pp21.6%-0.9pp19.5%-2.5pp19.8%-3.0pp21.7%-0.5pp
Return on assets4.9%-0.1pp4.8%-0.3pp4.6%-0.7pp4.5%-0.9pp5%-0.2pp
Return on invested capital10.2%+0.1pp9.9%-0.3pp9.7%-2.0pp9.5%-2.4pp10.1%-1.6pp
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×-0.1×0.7×-0.1×0.7×-0.1×0.8×0.0×0.8×-0.1×
Quick ratio0.7×-0.1×0.7×-0.1×0.7×-0.1×0.8×0.0×0.8×-0.1×
Cash ratio0.2×0.0×0.2×0.0×0.2×0.0×0.3×0.0×0.2×0.0×
Leverage
Debt-to-equity2.6×+0.2×2.5×+0.1×2.5×+0.5×2.7×+0.7×2.4×+0.3×
Debt-to-assets0.5×0.0×0.5×0.0×0.5×0.0×0.5×0.0×0.5×0.0×
Net debt / EBITDA+0.3×4.1×+0.4×3.9×+0.2×4.1×+0.5×3.7×0.0×
Interest coverage3.1×-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 / earnings20.7×-2.6×28.2×+2.2×25.2×-5.6×22.2×-4.8×23.3×-10.6×
Price / sales1.7×-0.3×2.4×0.0×-0.8×1.7×-0.8×-1.0×
Price / book4.6×-0.6×5.9×0.0×5.2×-1.0×4.7×-1.0×5.2×-2.1×
EV / EBITDA12.1×-0.6×15.2×+1.2×13.3×-3.4×12.3×-2.8×12.8×-5.1×
EV / sales2.6×-0.3×3.2×+0.1×2.9×-0.7×2.6×-0.7×2.8×-1.0×
Free cash flow yield7.4%+0.4pp5.3%-0.6pp6.8%+2.3pp7.3%+2.6pp7%+3.4pp
Earnings yield4.8%+0.5pp3.5%-0.3pp4%+0.7pp4.5%+0.8pp4.3%+1.3pp

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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.