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IQVIA IQV Ratios & Valuation

FY'25FY'24FY'23FY'22
Profitability
Gross margin33.3%-1.6pp34.9%-0.1pp35%+0.1pp34.9%+1.4pp
Operating margin13.4%-0.9pp14.3%+1.1pp13.2%+0.7pp12.5%+2.4pp
Net margin8.3%-0.6pp8.9%-0.2pp9.1%+1.5pp7.6%+0.6pp
Returns
Return on equity21.6%-0.9pp22.5%-0.3pp22.9%+4.4pp18.5%+2.4pp
Return on invested capital9.9%-0.3pp10.1%-1.4pp11.6%+3.4pp8.1%+0.8pp
Efficiency
Asset turnover0.6×0.0×0.6×0.0×0.6×0.0×0.6×0.0×
Liquidity
Current ratio0.7×-0.1×0.8×0.0×0.9×0.0×0.9×0.0×
Leverage
Debt-to-equity2.5×+0.1×2.4×+0.1×2.3×0.0×2.3×+0.2×
Net debt / EBITDA4.1×+0.4×3.7×-0.2×3.9×-0.2×4.2×+0.1×
Per Share
Book value per share$37.48+13.3%$33.08+0.8%$32.81+8.5%$30.25-2.4%
Valuation
Market capitalization$38.39B+7.6%$35.67B-15.3%$42.09B+10.6%$38.05B-29.0%
Price / earnings28.2×+2.2×26×-5.0×31×-3.9×34.9×-20.6×
Price / sales2.4×0.0×2.3×-0.5×2.8×+0.2×2.6×-1.2×
Price / book5.9×0.0×5.9×-1.0×6.9×+0.3×6.6×-2.3×
EV / EBITDA15.2×+1.2×14×-2.8×16.9×-0.4×17.3×-6.2×

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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.