IQV vs PAYX
Iqvia Holdings Inc. and Paychex Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | IQV | PAYX |
|---|---|---|
| Revenue | $16.3B | $6.5B |
| Net income | $1.4B | $1.8B |
| Gross margin | 33.3% | 74.3% |
| Net margin | 8.3% | 27.0% |
| Return on equity | 21.6% | 44.8% |
| Diluted EPS | $7.84 | $4.89 |
| Dividend / share | · | $4.43 |
| Payout ratio | · | 90.3% |
| Free cash flow | $2.1B | $2.3B |
| Equity | $6.5B | $3.7B |
| Net debt / equity | 2.11× | 0.93× |
| Current ratio | 0.75× | 1.26× |
| Revenue CAGR 5y | 7.5% | 9.9% |
| Profit CAGR 5y | 37.3% | · |
IQV bills 2.5× the revenue of PAYX, and PAYX keeps more of each dollar of revenue as profit (27.0% against 8.3%).
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 | IQV | PAYX |
|---|---|---|
| FY2025 | $16.3B | $6.5B |
| FY2024 | $15.4B | $5.6B |
| FY2023 | $15.0B | $5.3B |
| FY2022 | $14.4B | $5.0B |
| FY2021 | $13.9B | $4.6B |
| FY2020 | $11.4B | $4.1B |
| FY2019 | $11.1B | $4.0B |
| FY2018 | $10.4B | $3.8B |
| FY2017 | $9.7B | $3.4B |
| FY2016 | $6.8B | $3.2B |
Bottom line
| Fiscal year | IQV | PAYX |
|---|---|---|
| FY2025 | $1.4B | $1.8B |
| FY2024 | $1.4B | $1.7B |
| FY2023 | $1.4B | $1.7B |
| FY2022 | $1.1B | $1.6B |
| FY2021 | $966.0M | $1.4B |
| FY2020 | $279.0M | $1.1B |
| FY2019 | $191.0M | $1.1B |
| FY2018 | $259.0M | $1.0B |
| FY2017 | $1.3B | $994.1M |
| FY2016 | $72.0M | $826.3M |
15 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$9,798,000,000 | IQV |
| FY2024 | +$9,833,300,000 | IQV |
| FY2023 | +$9,705,700,000 | IQV |
| FY2022 | +$9,402,900,000 | IQV |
| FY2021 | +$9,262,300,000 | IQV |
| FY2020 | +$7,302,200,000 | IQV |
| FY2019 | +$7,047,500,000 | IQV |
| FY2018 | +$6,639,500,000 | IQV |
| FY2017 | +$6,324,300,000 | IQV |
| FY2016 | +$3,662,000,000 | IQV |
| FY2015 | +$2,785,100,000 | IQV |
| FY2014 | +$2,720,400,000 | IQV |
| FY2013 | +$2,580,645,000 | IQV |
| FY2012 | +$2,539,313,000 | IQV |
| FY2011 | +$2,097,948,000 | 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 19 comparable fiscal years — a year missing data on either side is not counted.
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −18.7 pp | PAYX |
| FY2024 | −20.8 pp | PAYX |
| FY2023 | −23.0 pp | PAYX |
| FY2022 | −23.5 pp | PAYX |
| FY2021 | −23.2 pp | PAYX |
| FY2014 | −18.1 pp | PAYX |
| FY2013 | −20.5 pp | PAYX |
| FY2012 | −20.8 pp | PAYX |
| FY2011 | −19.0 pp | PAYX |
PAYX has kept the higher net margin in every one of these 9 fiscal years.
9 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
PAYX's net margin has been more volatile than IQV's over the 9 comparable fiscal years — 3.0 percentage points of standard deviation against 1.8.
9 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
PAYX led in net margin in every one of the 9 comparable fiscal years — a structural lead, not a recent swing.
9 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
IQV's return on equity has been more volatile than PAYX's over the 9 comparable fiscal years — 7.8 percentage points of standard deviation against 2.8.
9 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
PAYX led in return on equity in every one of the 9 comparable fiscal years — a structural lead, not a recent swing.
9 of 19 comparable fiscal years — a year missing data on either side is not counted.