BAH vs IQV
Booz Allen Hamilton Holding Corp. and Iqvia Holdings Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | BAH | IQV |
|---|---|---|
| Revenue | $11.2B | $16.3B |
| Net income | $851.0M | $1.4B |
| Gross margin | 52.7% | 33.3% |
| Net margin | 7.6% | 8.3% |
| Return on equity | 80.7% | 21.6% |
| Diluted EPS | $6.90 | $7.84 |
| Dividend / share | $2.24 | · |
| Payout ratio | 32.4% | · |
| Free cash flow | $951.0M | $2.1B |
| Equity | $1.1B | $6.5B |
| Net debt / equity | 2.91× | 2.11× |
| Current ratio | 1.78× | 0.75× |
| Revenue CAGR 5y | 7.4% | 7.5% |
| Profit CAGR 5y | 6.9% | 37.3% |
IQV bills 1.5× the revenue of BAH, and keeps more of each dollar of revenue as profit (8.3% against 7.6%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | BAH | IQV |
|---|---|---|
| FY2025 | $11.2B | $16.3B |
| FY2024 | $12.0B | $15.4B |
| FY2023 | $10.7B | $15.0B |
| FY2022 | $9.3B | $14.4B |
| FY2021 | $8.4B | $13.9B |
| FY2020 | $7.9B | $11.4B |
| FY2019 | $7.5B | $11.1B |
| FY2018 | $6.7B | $10.4B |
| FY2017 | $6.2B | $9.7B |
| FY2016 | $5.8B | $6.8B |
Bottom line
| Fiscal year | BAH | IQV |
|---|---|---|
| FY2025 | $851.0M | $1.4B |
| FY2024 | $935.0M | $1.4B |
| FY2023 | $606.0M | $1.4B |
| FY2022 | $272.0M | $1.1B |
| FY2021 | $466.7M | $966.0M |
| FY2020 | $609.0M | $279.0M |
| FY2019 | $482.6M | $191.0M |
| FY2018 | $418.5M | $259.0M |
| FY2017 | $301.7M | $1.3B |
| FY2016 | $260.8M | $72.0M |
15 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$5,093,000,000 | IQV |
| FY2024 | −$3,425,000,000 | IQV |
| FY2023 | −$4,322,000,000 | IQV |
| FY2022 | −$5,151,000,000 | IQV |
| FY2021 | −$5,510,300,000 | IQV |
| FY2020 | −$3,500,062,000 | IQV |
| FY2019 | −$3,624,159,000 | IQV |
| FY2018 | −$3,707,963,000 | IQV |
| FY2017 | −$3,534,400,000 | IQV |
| FY2016 | −$1,005,509,000 | IQV |
| FY2015 | −$331,262,000 | IQV |
| FY2014 | −$185,230,000 | IQV |
| FY2013 | +$379,148,000 | BAH |
| FY2012 | +$892,546,000 | BAH |
| FY2011 | +$1,531,470,000 | BAH |
The higher-revenue side has changed between BAH and IQV over this period. The gap has widened since the earliest year compared.
15 of 17 comparable fiscal years — a year missing data on either side is not counted.
15 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −0.8 pp | IQV |
| FY2024 | −1.1 pp | IQV |
| FY2023 | −3.4 pp | IQV |
| FY2022 | −4.6 pp | IQV |
| FY2021 | −1.4 pp | IQV |
| FY2020 | +5.0 pp | BAH |
| FY2019 | +4.4 pp | BAH |
| FY2018 | +3.5 pp | BAH |
| FY2017 | −8.5 pp | IQV |
| FY2016 | +3.2 pp | BAH |
| FY2015 | −1.3 pp | IQV |
| FY2014 | −2.1 pp | IQV |
| FY2013 | −0.2 pp | IQV |
| FY2012 | +0.2 pp | BAH |
| FY2011 | −1.5 pp | IQV |
The higher net margin has changed hands between BAH and IQV over this period.
15 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
IQV's net margin has been more volatile than BAH's over the 15 comparable fiscal years — 3.2 percentage points of standard deviation against 1.5.
15 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between BAH and IQV over these 15 fiscal years — BAH led in 5 and IQV in 10.
15 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BAH's return on equity has been more volatile than IQV's over the 9 comparable fiscal years — 17.9 percentage points of standard deviation against 7.8.
9 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
BAH led in return on equity in every one of the 9 comparable fiscal years — a structural lead, not a recent swing.
9 of 17 comparable fiscal years — a year missing data on either side is not counted.