Dashboard|IQV – Overview

IQV

IQVIA HOLDINGS INC.

Industrials • CIK: 0001478242

Market Cap

$33.08B

P/E (TTM)

25.9x

Rev Growth (TTM)

+3.8%

Net Margin (TTM)

8.1%

FCF Yield (TTM)

6.7%

FCF Margin (TTM)

13.9%

LATEST EARNINGS

•

Q4 FY2025

•

22 days ago

•View source

Revenue

$4.36B

+10.3%

Net Income

$514.00M

+17.6%

EPS

$2.99

+23.6%

Operating

14.4%↓ -1.4%

Net

11.8%↑ +0.7%

•Fourth-quarter revenue of $4,364 million increased 10.3% on a reported basis and 8.1% at constant currency.
•Full-year 2025 revenue grew 5.9% on a reported basis and 4.8% at constant currency to $16,310 million.
•R&D Solutions revenue grew 9.9% year-over-year in Q4 to $2,333 million, and 4.3% for the full year to $8,896 million.
•Technology & Analytics Solutions (TAS) revenue grew 9.8% year-over-year in Q4 to $1,821 million, and 7.6% for the full year to $6,626 million.

View Full Earnings →

Cash Flow Health

Free Cash Flow8/8 positive

TTM$2.2B

Q3 '25

$772M+164%

Q2 '25

$292M-31%

FCF Margin

TTM13.9%

Q3 '2518.8%+159%

Sector: 7.3%Top 25%

OCF Margin17.6%

OCF/NI2.19x

CapEx Coverage4.7x

FCF Yield6.7%

FCF Growth (2Y)+9%

Cash Conversion Cycle

75 days

DSO: 75+DIO: 0−DPO: 0

View Insights from Latest Filing →View Full Cash Flow Statement →

Capital Allocation & Returns

Shareholder Friendly

Total Shareholder YieldTTM

TTM6.6%

Div Yield0.0%

Buyback (TTM)6.6%

Strong capital returns to shareholders

Dividend & Payout Metrics

Dividend Yield (TTM)0.0%

Free Cash Flow (TTM)$2.2B

Stock Repurchases (TTM)$2.2B

Capital Return / FCF98.7%

Est. Dividends Paid (TTM)$0

Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM

9.2%

Stable

-0.1% YoY-3.2%

P25MedianP75

75th pctl (med: 0.1%)

DuPont BreakdownROIC = Margin × Turn × (1+D/E)

NOPAT Margin

11.1%

8Q: 11.4%

Asset Turnover

0.57x

8Q: 0.58x

Leverage (1+D/E)

3.43x

D/E: 2.43x

DuPont: 21.8% ≈ 9.2% ROIC

Asset & CapEx Efficiency

Fixed Asset Turn

29.97x

8Q:30.14x

+48.0%

Invested Cap Turn

0.83x

8Q:0.82x

+4.3%

CapEx Intensity

3.1%

8Q:3.1%

CapEx/Depreciation

0.52x

Asset-based ROIC formula

Full Analysis

QUARTERLY TRENDS

Last 8 quarters + TTM

Metric	TTM	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023
Revenue	$15.9B	$4.1B↑2.1%	$4.0B↑4.9%	$3.8B↓3.3%	$4.0B↑1.6%	$3.9B↑2.1%	$3.8B↑2.1%	$3.7B↓3.4%	$3.9B
Operating Income	$2.2B	$553.0M↑9.3%	$506.0M↑2.0%	$496.0M↓20.8%	$626.0M↑13.8%	$550.0M↑5.8%	$520.0M↑2.8%	$506.0M↑1.0%	$501.0M
Net Income	$1.3B	$331.0M↑24.4%	$266.0M↑6.8%	$249.0M↓43.0%	$437.0M↑53.3%	$285.0M↓21.5%	$363.0M↑26.0%	$288.0M↓38.6%	$469.0M
Operating Cash Flow	$2.8B	$908.0M↑105.0%	$443.0M↓22.0%	$568.0M↓35.8%	$885.0M↑22.7%	$721.0M↑22.6%	$588.0M↑12.6%	$522.0M↓30.1%	$747.0M
Free Cash Flow	$2.2B	$772.0M↑164.4%	$292.0M↓31.5%	$426.0M↓40.9%	$721.0M↑26.3%	$571.0M↑28.3%	$445.0M↑18.0%	$377.0M↓33.6%	$568.0M
Total Equity	N/A

Income Statement Cash Flow Statement Balance Sheet

Valuation Analysis

Fair Value

Price-to-EarningsTTM

25.9x

Volatile

8Q: 104.0x-2110%

Valuation Lenses

Earnings

25.9x

vs – sector

Cash Flow

20.4x

EV/FCF vs –

Growth-Adj

–PEG

N/A

Quality-Adj

2.8P/E per %ROIC

ROIC: 9.2%

Shareholder Returns

Dividend

–

Buyback

6.6%

Total Yield

6.6%

Market Cap$33.08B

EV–

Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score

96/100

Exceptional

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Top 25%

29.7%

8Q:–

Return on Invested Capital (ROIC)Top 25%

9.2%

8Q:–

-3.2%

vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 11.1%

Asset Turnover: 0.57x

Earnings Quality

Cash Conversion

2.19x

OCF / Net Income ✓

FCF Consistency

–

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin5.1%

Capital Efficiency

Invested Capital Turnover0.83x

Working Capital

Cash Conversion Cycle75 days

Growth Quality & Momentum

Moderate Growth

Growth Quality Score

58/100

Growth 40%

Margins 30%

FCF 20%

Consistency 10%

Growth Rates

Revenue Growth YoY

3.8%

OpInc Growth YoY

0.5%

EPS Growth YoY

-4.3%

FCF 3Y CAGR

9.0%

Growth Quality Analysis

✓Efficient Growth: Free cash flow growing faster than revenue

Margin Quality & Sustainability

Low Quality

Profitability Cascade

Gross

5.1%

Operating

13.7%

Above Avg in sector

Net

8.1%

Margins Unknown

Earnings Quality Signals

SBC / Revenue

—

FCF vs Net Gap

+5.8 pts

FCF: 13.9% | Net: 8.1%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Leveraged

Net Debt / EBITDA

–Net Debt: $12.98B

Interest Coverage

–

Leverage Metrics

Debt-to-Equity

2.43x

Balance sheet risk & solvency analysis