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IQVIA Holdings IQV
$ 264.81 1.16%
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Quarterly report 2025-Q3
added 07-28-2026

IQVIA Holdings Financial Ratios 2025-2010 | IQV

Brief overview of IQVIA Holdings 's valuation and returns

This overview follows the five latest available observations from 2021 through 2025.

The current valuation set is P/E 20.82x (median 32.66x), EV/EBITDA 24.08x (median 20.17x), P/S 1.74x (median 2.95x). The combined multiple level is about 36.3% below the company's historical norm, suggesting more cautious expectations.

At the current P/E, inverse earnings yield is 4.8%, a useful bridge between price and business earnings.

Capital efficiency is characterized by ROE 20.9%, ROA 4.5%, ROCE 33.6%. Returns on capital and assets point to efficient economics and a strong internal source of growth.

The PEG ratio is 1.57x, reflecting a relatively balanced link between valuation and growth.

The cash conversion cycle remains near its former level at 73.9 days after 65.3 days.

Conclusion

IQVIA Holdings 's high-quality returns come with historically restrained multiples. Price appears more cautious than current business efficiency.

Annual Financial Ratios IQVIA Holdings

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010

P/E

20.8 26.0 32.7 39.0 48.5 121.9 160.4 100.3 17.4 97.7 19.3 21.7 26.1 - - -

P/S

1.7 2.3 3.0 3.0 3.4 3.0 2.8 2.5 2.3 1.6 1.3 1.4 1.2 - - -

EPS

7.9 7.6 7.4 5.8 5.0 1.5 1.0 1.3 5.9 0.5 3.1 2.8 1.8 1.5 2.1 -

EV (Enterprise Value)

49.6 B 54.8 B 63.5 B 60.9 B 64.2 B 50.5 B 46.8 B 40.7 B 36.2 B 22.4 B 10.8 B 10.9 B 8.88 B 3.29 B 2.78 B -647 M

EBITDA per Share

19.4 18.3 16.9 15.6 13.9 10.6 10.5 9.57 8.42 7.49 6.56 5.63 4.7 - - -

EV/EBITDA

14.9 16.5 20.5 20.8 24.1 21.6 20.2 18.5 17.5 15.4 11.1 12.7 12.3 - - -

PEG

1.57 2.14 2.62 2.87 3.58 12.09 -7.02 -1.27 0.03 -1.29 1.45 0.42 0.91 - - -

P/B

4.3 5.9 7.3 7.4 7.8 5.4 4.9 3.7 2.7 1.3 -22.3 -11.0 -8.9 - - -

P/CF

10.7 13.1 20.6 18.8 15.9 17.4 36.7 32.7 37.8 16.1 18.8 22.2 19.4 - - -

ROE %

20.91 22.63 22.22 18.92 15.99 4.44 3.05 3.72 15.66 1.30 -115.35 -50.62 -33.95 - - -

ROA %

4.54 5.10 5.09 4.31 3.91 1.14 0.82 1.15 5.76 0.54 9.86 10.78 7.39 - - -

ROCE %

33.55 36.29 32.35 31.21 23.06 11.64 4.41 4.25 4.14 4.47 29.15 32.68 30.07 - - -

Current Ratio

1.3 1.3 1.3 1.3 1.3 1.3 1.0 1.1 1.2 1.2 1.5 1.5 1.3 - - -

DSO

73.9 78.0 76.7 69.3 65.3 80.2 86.8 86.3 76.5 92.4 76.3 68.2 67.3 - - -

DPO

- - - - - - 125.6 23.6 18.7 19.2 12.8 10.0 9.8 - - -

Operating Cycle

73.9 78.0 76.7 69.2 65.3 80.2 86.8 86.3 76.5 92.4 76.3 68.2 67.3 - - -

Cash Conversion Cycle

73.9 78.0 76.7 69.2 65.3 80.2 -38.8 62.7 57.8 73.2 63.5 58.3 57.5 - - -

All numbers in USD currency

Quarterly Financial Ratios IQVIA Holdings

2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

EPS

1.63 - 1.94 1.55 1.42 - 1.57 1.99 1.58 - 1.66 1.61 1.56 - 1.52 1.36 1.71 - 1.36 0.91 1.11 0.62 0.53 -0.12 0.43 0.09 0.29 0.31 0.29 0.34 0.3 0.3 0.33 4.91 0.41 0.28 0.43 -0.74 0.83 0.73 0.89 0.86 0.91 0.69 0.69 0.7 0.73 0.66 0.69 0.57 0.52 0.31 0.42 0.3 0.45 0.41 0.37 - - - -

EBITDA per Share

4.76 - 4.93 4.55 4.33 - 4.55 4.33 4.23 - 4.25 4.25 3.9 - 3.86 3.84 3.95 - 3.33 3.28 3.47 1.51 2.65 1.94 2.66 0.86 2.59 2.5 2.56 1.05 2.29 2.2 2.24 - 2.1 1.7 1.89 0.58 1.7 1.53 1.77 1.49 1.62 1.53 1.39 1.28 1.41 1.32 1.31 0.98 1.18 0.98 1.21 0.82 1.17 1.08 1 - - - -

ROE %

18.54 14.14 18.23 18.26 18.20 14.04 19.26 20.33 19.80 15.26 20.55 20.11 20.44 15.57 20.04 17.79 16.49 11.00 12.98 10.18 6.76 4.65 2.93 2.20 3.58 3.18 3.94 3.89 3.80 3.86 15.68 15.88 15.75 15.97 1.07 1.11 1.34 1.33 -15.22 -35.87 -51.94 -68.60 -62.54 -56.20 -53.23 -50.62 -49.00 -45.84 -39.52 -33.95 -25.59 -19.41 -17.11 -13.06 -3.83 -3.47 -3.18 - - - -

ROA %

3.92 2.99 4.04 4.26 4.42 3.51 4.67 4.77 4.51 3.43 4.60 4.73 4.68 3.56 4.29 3.12 4.01 2.70 3.19 2.51 1.69 1.14 0.72 0.55 0.91 0.82 1.06 1.08 1.09 1.15 5.34 5.45 5.46 5.59 0.25 0.34 0.48 0.54 4.06 6.39 8.15 9.86 9.87 9.87 10.29 10.80 10.51 9.88 8.55 7.40 6.41 6.32 6.95 7.10 2.08 1.89 1.73 - - - -

ROCE %

34.28 26.02 33.92 32.68 31.90 23.62 31.90 33.12 33.32 25.34 34.17 34.35 33.59 25.65 30.84 26.97 23.99 15.63 20.45 18.38 14.45 12.18 10.13 10.41 12.66 12.94 13.26 12.56 11.81 11.04 9.73 9.47 8.52 8.32 8.21 7.72 7.89 7.44 -25.79 -57.16 -87.09 -114.51 -105.52 -97.28 -89.13 -83.85 -80.31 -77.90 -72.09 -69.27 -57.19 -46.45 -39.65 -29.16 -8.03 -7.42 -6.77 - - - -

Current Ratio

1.3 1.3 1.3 1.2 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 - 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.6 1.6 1.6 1.6 1.7 1.7 1.7 1.7 0.9 0.9 0.9 0.9 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.7 0.7 0.7 0.7 - - - -

DSO

74.2 - 73.6 75.1 77.1 - 75.5 79.9 83.1 - 77.7 75.9 74.7 - 33.8 33.8 66.1 - 62.0 61.5 63.9 66.7 78.9 87.2 82.7 81.4 85.1 86.0 84.6 81.3 84.2 85.1 80.0 75.9 77.6 80.6 74.7 - 104.0 100.3 88.0 - 74.7 73.7 72.5 - 63.6 66.4 66.3 - 70.5 65.1 62.0 - 56.7 55.3 29.4 - - - -

DPO

- - - - - - - - - - - - - - - - - - - - - - - - - - - - 11.4 - - - - - - - - - - - - - - - - - - - - - - - 4.2 - - - - - - - -

Operating Cycle

74.2 - - 75.1 77.1 - 75.5 79.9 83.1 - 77.7 75.9 74.7 - 33.8 33.8 66.1 - 62.0 61.5 63.9 66.7 78.9 87.2 82.7 81.4 85.1 86.0 84.6 81.3 84.2 85.1 80.0 75.9 77.6 80.6 74.7 - 104.0 100.3 88.0 - 74.7 73.7 72.5 - 63.6 66.4 66.3 - 70.5 65.1 62.0 - 56.7 55.3 29.4 - - - -

Cash Conversion Cycle

74.2 - - 75.1 77.1 - 75.5 79.9 83.1 - 77.7 75.9 74.7 - 33.8 33.8 66.1 - 62.0 61.5 63.9 66.7 78.9 87.2 82.7 81.4 85.1 86.0 73.2 81.3 84.2 85.1 80.0 75.9 77.6 80.6 74.7 - 104.0 100.3 88.0 - 74.7 73.7 72.5 - 63.6 66.4 66.3 - 70.5 65.1 57.8 - 56.7 55.3 29.4 - - - -

All numbers in USD currency

Multiples are an important financial analysis tool for the company IQVIA Holdings , allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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