vs
Side-by-side financial comparison of Athene Holding Ltd. (ATHS) and IQVIA (IQV). Click either name above to swap in a different company.
Athene Holding Ltd. is the larger business by last-quarter revenue ($8.1B vs $4.2B, roughly 2.0× IQVIA). IQVIA runs the higher net margin — 6.6% vs 6.4%, a 0.2% gap on every dollar of revenue. On growth, Athene Holding Ltd. posted the faster year-over-year revenue change (115.1% vs 8.4%). Over the past eight quarters, Athene Holding Ltd.'s revenue compounded faster (19.2% CAGR vs 4.3%).
Athene Holding Ltd. is a leading US-focused retirement services provider. It offers fixed, indexed and variable annuity products plus tailored retirement savings solutions for individual consumers and institutional clients, aiming to help customers secure long-term financial stability for their retirement.
IQVIA Holdings, Inc., headquartered in Durham, North Carolina, is an American company focused on health information technology and clinical research.
ATHS vs IQV — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $8.1B | $4.2B |
| Net Profit | $523.0M | $275.0M |
| Gross Margin | — | — |
| Operating Margin | 16.9% | 12.4% |
| Net Margin | 6.4% | 6.6% |
| Revenue YoY | 115.1% | 8.4% |
| Net Profit YoY | -48.5% | 10.0% |
| EPS (diluted) | — | $1.61 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $4.2B | ||
| Q4 25 | $8.1B | $4.4B | ||
| Q3 25 | $8.0B | $4.1B | ||
| Q2 25 | $5.4B | $4.0B | ||
| Q1 25 | $4.2B | $3.8B | ||
| Q4 24 | $3.8B | $4.0B | ||
| Q3 24 | $6.5B | $3.9B | ||
| Q2 24 | $4.7B | $3.8B |
| Q1 26 | — | $275.0M | ||
| Q4 25 | $523.0M | $514.0M | ||
| Q3 25 | $1.3B | $331.0M | ||
| Q2 25 | $464.0M | $266.0M | ||
| Q1 25 | $465.0M | $249.0M | ||
| Q4 24 | $1.0B | $437.0M | ||
| Q3 24 | $625.0M | $285.0M | ||
| Q2 24 | $629.0M | $363.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.5% | ||
| Q2 24 | — | 22.6% |
| Q1 26 | — | 12.4% | ||
| Q4 25 | 16.9% | 14.4% | ||
| Q3 25 | 26.8% | 13.5% | ||
| Q2 25 | 12.2% | 12.6% | ||
| Q1 25 | 22.3% | 13.0% | ||
| Q4 24 | 30.4% | 15.8% | ||
| Q3 24 | 25.7% | 14.1% | ||
| Q2 24 | 22.0% | 13.6% |
| Q1 26 | — | 6.6% | ||
| Q4 25 | 6.4% | 11.8% | ||
| Q3 25 | 15.7% | 8.1% | ||
| Q2 25 | 8.7% | 6.6% | ||
| Q1 25 | 11.1% | 6.5% | ||
| Q4 24 | 26.8% | 11.0% | ||
| Q3 24 | 9.6% | 7.3% | ||
| Q2 24 | 13.5% | 9.5% |
| Q1 26 | — | $1.61 | ||
| Q4 25 | — | $2.97 | ||
| Q3 25 | — | $1.93 | ||
| Q2 25 | — | $1.54 | ||
| Q1 25 | — | $1.40 | ||
| Q4 24 | — | $2.41 | ||
| Q3 24 | — | $1.55 | ||
| Q2 24 | — | $1.97 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.9B |
| Total DebtLower is stronger | $7.8B | $15.8B |
| Stockholders' EquityBook value | $20.5B | $6.3B |
| Total Assets | $442.2B | $29.7B |
| Debt / EquityLower = less leverage | 0.38× | 2.49× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.9B | ||
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B |
| Q1 26 | — | $15.8B | ||
| Q4 25 | $7.8B | — | ||
| Q3 25 | $7.9B | — | ||
| Q2 25 | $7.9B | — | ||
| Q1 25 | $6.3B | — | ||
| Q4 24 | $6.3B | — | ||
| Q3 24 | $5.7B | — | ||
| Q2 24 | $5.7B | — |
| Q1 26 | — | $6.3B | ||
| Q4 25 | $20.5B | $6.5B | ||
| Q3 25 | $20.4B | $6.2B | ||
| Q2 25 | $18.1B | $5.8B | ||
| Q1 25 | $17.5B | $6.0B | ||
| Q4 24 | $16.4B | $6.1B | ||
| Q3 24 | $17.4B | $7.0B | ||
| Q2 24 | $15.0B | $6.7B |
| Q1 26 | — | $29.7B | ||
| Q4 25 | $442.2B | $29.9B | ||
| Q3 25 | $429.9B | $28.7B | ||
| Q2 25 | $405.3B | $28.6B | ||
| Q1 25 | $381.5B | $27.3B | ||
| Q4 24 | $363.3B | $26.9B | ||
| Q3 24 | $355.0B | $27.2B | ||
| Q2 24 | $332.6B | $26.4B |
| Q1 26 | — | 2.49× | ||
| Q4 25 | 0.38× | — | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.36× | — | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | 0.33× | — | ||
| Q2 24 | 0.38× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.0B | $618.0M |
| Free Cash FlowOCF − Capex | — | $491.0M |
| FCF MarginFCF / Revenue | — | 11.8% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 5.82× | 2.25× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.1B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $618.0M | ||
| Q4 25 | $3.0B | $735.0M | ||
| Q3 25 | $636.0M | $908.0M | ||
| Q2 25 | $1.1B | $443.0M | ||
| Q1 25 | $426.0M | $568.0M | ||
| Q4 24 | $386.0M | $885.0M | ||
| Q3 24 | $780.0M | $721.0M | ||
| Q2 24 | $525.0M | $588.0M |
| Q1 26 | — | $491.0M | ||
| Q4 25 | — | $561.0M | ||
| Q3 25 | — | $772.0M | ||
| Q2 25 | — | $292.0M | ||
| Q1 25 | — | $426.0M | ||
| Q4 24 | — | $721.0M | ||
| Q3 24 | — | $571.0M | ||
| Q2 24 | — | $445.0M |
| Q1 26 | — | 11.8% | ||
| Q4 25 | — | 12.9% | ||
| Q3 25 | — | 18.8% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 11.1% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | — | 14.7% | ||
| Q2 24 | — | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | — | 4.1% | ||
| Q3 24 | — | 3.9% | ||
| Q2 24 | — | 3.7% |
| Q1 26 | — | 2.25× | ||
| Q4 25 | 5.82× | 1.43× | ||
| Q3 25 | 0.51× | 2.74× | ||
| Q2 25 | 2.28× | 1.67× | ||
| Q1 25 | 0.92× | 2.28× | ||
| Q4 24 | 0.38× | 2.03× | ||
| Q3 24 | 1.25× | 2.53× | ||
| Q2 24 | 0.83× | 1.62× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
