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Side-by-side financial comparison of Brightstar Lottery PLC (BRSL) and IQVIA (IQV). Click either name above to swap in a different company.
IQVIA is the larger business by last-quarter revenue ($4.4B vs $2.5B, roughly 1.7× Brightstar Lottery PLC). IQVIA runs the higher net margin — 11.8% vs 5.9%, a 5.9% gap on every dollar of revenue. IQVIA produced more free cash flow last quarter ($561.0M vs $-415.0M).
IQVIA Holdings, Inc., headquartered in Durham, North Carolina, is an American company focused on health information technology and clinical research.
BRSL vs IQV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $4.4B |
| Net Profit | $147.0M | $514.0M |
| Gross Margin | — | — |
| Operating Margin | 11.9% | 14.4% |
| Net Margin | 5.9% | 11.8% |
| Revenue YoY | — | 10.3% |
| Net Profit YoY | — | 17.6% |
| EPS (diluted) | $0.74 | $2.97 |
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.
| Q4 25 | $2.5B | $4.4B | ||
| Q3 25 | — | $4.1B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $3.8B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.8B | ||
| Q1 24 | — | $3.7B |
| Q4 25 | $147.0M | $514.0M | ||
| Q3 25 | — | $331.0M | ||
| Q2 25 | — | $266.0M | ||
| Q1 25 | — | $249.0M | ||
| Q4 24 | — | $437.0M | ||
| Q3 24 | — | $285.0M | ||
| Q2 24 | — | $363.0M | ||
| Q1 24 | — | $288.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.5% | ||
| Q2 24 | — | 22.6% | ||
| Q1 24 | — | 22.1% |
| Q4 25 | 11.9% | 14.4% | ||
| Q3 25 | — | 13.5% | ||
| Q2 25 | — | 12.6% | ||
| Q1 25 | — | 13.0% | ||
| Q4 24 | — | 15.8% | ||
| Q3 24 | — | 14.1% | ||
| Q2 24 | — | 13.6% | ||
| Q1 24 | — | 13.5% |
| Q4 25 | 5.9% | 11.8% | ||
| Q3 25 | — | 8.1% | ||
| Q2 25 | — | 6.6% | ||
| Q1 25 | — | 6.5% | ||
| Q4 24 | — | 11.0% | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | — | 9.5% | ||
| Q1 24 | — | 7.7% |
| Q4 25 | $0.74 | $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 | ||
| Q1 24 | — | $1.56 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.4B | $2.1B |
| Total DebtLower is stronger | $4.1B | — |
| Stockholders' EquityBook value | $875.0M | $6.5B |
| Total Assets | $9.2B | $29.9B |
| Debt / EquityLower = less leverage | 4.64× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $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 24 | — | $1.6B |
| Q4 25 | $4.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $875.0M | $6.5B | ||
| Q3 25 | — | $6.2B | ||
| Q2 25 | — | $5.8B | ||
| Q1 25 | — | $6.0B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $7.0B | ||
| Q2 24 | — | $6.7B | ||
| Q1 24 | — | $6.3B |
| Q4 25 | $9.2B | $29.9B | ||
| Q3 25 | — | $28.7B | ||
| Q2 25 | — | $28.6B | ||
| Q1 25 | — | $27.3B | ||
| Q4 24 | — | $26.9B | ||
| Q3 24 | — | $27.2B | ||
| Q2 24 | — | $26.4B | ||
| Q1 24 | — | $26.6B |
| Q4 25 | 4.64× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-99.0M | $735.0M |
| Free Cash FlowOCF − Capex | $-415.0M | $561.0M |
| FCF MarginFCF / Revenue | -16.5% | 12.9% |
| Capex IntensityCapex / Revenue | 12.6% | 4.0% |
| Cash ConversionOCF / Net Profit | -0.67× | 1.43× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-99.0M | $735.0M | ||
| Q3 25 | — | $908.0M | ||
| Q2 25 | — | $443.0M | ||
| Q1 25 | — | $568.0M | ||
| Q4 24 | — | $885.0M | ||
| Q3 24 | — | $721.0M | ||
| Q2 24 | — | $588.0M | ||
| Q1 24 | — | $522.0M |
| Q4 25 | $-415.0M | $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 24 | — | $377.0M |
| Q4 25 | -16.5% | 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 24 | — | 10.1% |
| Q4 25 | 12.6% | 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 24 | — | 3.9% |
| Q4 25 | -0.67× | 1.43× | ||
| Q3 25 | — | 2.74× | ||
| Q2 25 | — | 1.67× | ||
| Q1 25 | — | 2.28× | ||
| Q4 24 | — | 2.03× | ||
| Q3 24 | — | 2.53× | ||
| Q2 24 | — | 1.62× | ||
| Q1 24 | — | 1.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
