ICLR vs IQV
Icon PLC and Iqvia Holdings Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | ICLR | IQV |
|---|---|---|
| Revenue | $8.3B | $16.3B |
| Net income | $229.3M | $1.4B |
| Gross margin | 26.4% | 33.3% |
| Net margin | 2.8% | 8.3% |
| Return on equity | 2.5% | 21.6% |
| Diluted EPS | $2.90 | $7.84 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | $862.0M | $2.1B |
| Equity | $9.2B | $6.5B |
| Net debt / equity | 0.24× | 2.11× |
| Current ratio | 1.10× | 0.75× |
| Revenue CAGR 5y | 24.2% | 7.5% |
| Profit CAGR 5y | −7.2% | 37.3% |
IQV bills 2.0× the revenue of ICLR, and keeps more of each dollar of revenue as profit (8.3% against 2.8%).
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 | ICLR | IQV |
|---|---|---|
| FY2025 | $8.3B | $16.3B |
| FY2024 | $8.2B | $15.4B |
| FY2023 | $8.1B | $15.0B |
| FY2022 | $7.7B | $14.4B |
| FY2021 | $5.5B | $13.9B |
| FY2020 | $2.8B | $11.4B |
| FY2019 | $2.8B | $11.1B |
| FY2018 | $2.6B | $10.4B |
| FY2017 | $1.8B | $9.7B |
| FY2016 | $1.7B | $6.8B |
Bottom line
| Fiscal year | ICLR | IQV |
|---|---|---|
| FY2025 | $229.3M | $1.4B |
| FY2024 | $739.1M | $1.4B |
| FY2023 | $554.2M | $1.4B |
| FY2022 | $505.3M | $1.1B |
| FY2021 | $153.2M | $966.0M |
| FY2020 | $332.3M | $279.0M |
| FY2019 | $374.0M | $191.0M |
| FY2018 | $322.7M | $259.0M |
| FY2017 | $281.5M | $1.3B |
| FY2016 | $262.2M | $72.0M |
15 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$8,058,660,000 | IQV |
| FY2024 | −$7,216,010,000 | IQV |
| FY2023 | −$6,929,074,000 | IQV |
| FY2022 | −$6,668,614,000 | IQV |
| FY2021 | −$8,393,174,000 | IQV |
| FY2020 | −$8,561,712,000 | IQV |
| FY2019 | −$8,282,161,000 | IQV |
| FY2018 | −$7,816,223,000 | IQV |
| FY2017 | −$7,943,561,000 | IQV |
| FY2016 | −$5,148,513,000 | IQV |
| FY2015 | −$4,162,022,000 | IQV |
| FY2014 | −$3,956,684,000 | IQV |
| FY2013 | −$3,763,487,000 | IQV |
| FY2012 | −$3,750,507,000 | IQV |
| FY2011 | −$3,382,019,000 | IQV |
IQV has reported the higher revenue in every one of these 15 fiscal years. The gap has widened since the earliest year compared.
15 of 18 comparable fiscal years — a year missing data on either side is not counted.
15 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −5.6 pp | IQV |
| FY2024 | +0.1 pp | ICLR |
| FY2023 | −2.2 pp | IQV |
| FY2022 | −1.0 pp | IQV |
| FY2021 | −4.2 pp | IQV |
| FY2020 | +9.2 pp | ICLR |
| FY2019 | +11.3 pp | ICLR |
| FY2018 | +9.7 pp | ICLR |
| FY2017 | +2.6 pp | ICLR |
| FY2016 | +14.5 pp | ICLR |
| FY2015 | +8.4 pp | ICLR |
| FY2014 | +4.9 pp | ICLR |
| FY2013 | +3.3 pp | ICLR |
| FY2012 | +1.3 pp | ICLR |
| FY2011 | −3.1 pp | IQV |
The higher net margin has changed hands between ICLR and IQV over this period.
15 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
ICLR's net margin has been more volatile than IQV's over the 15 comparable fiscal years — 4.7 percentage points of standard deviation against 3.2.
15 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between ICLR and IQV over these 15 fiscal years — ICLR led in 10 and IQV in 5.
15 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
ICLR's return on equity has been more volatile than IQV's over the 9 comparable fiscal years — 9.7 percentage points of standard deviation against 7.8.
9 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between ICLR and IQV over these 9 fiscal years — ICLR led in 4 and IQV in 5.
9 of 18 comparable fiscal years — a year missing data on either side is not counted.