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Side-by-side financial comparison of Consolidated Edison (ED) and IQVIA (IQV). Click either name above to swap in a different company.
IQVIA is the larger business by last-quarter revenue ($4.2B vs $4.0B, roughly 1.0× Consolidated Edison). Consolidated Edison runs the higher net margin — 7.5% vs 6.6%, a 0.9% gap on every dollar of revenue. On growth, IQVIA posted the faster year-over-year revenue change (8.4% vs 8.2%). Over the past eight quarters, IQVIA's revenue compounded faster (4.3% CAGR vs -3.7%).
Consolidated Edison, Inc., commonly known as Con Edison or ConEd, is an energy company based in New York City. It is one of the largest investor-owned energy companies in the United States, with approximately $15.26 billion in annual revenues as of 2024, and over $70 billion in assets. The company provides a wide range of energy-related products and services to its customers through its subsidiaries:Consolidated Edison Company of New York, Inc.
IQVIA Holdings, Inc., headquartered in Durham, North Carolina, is an American company focused on health information technology and clinical research.
ED vs IQV — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.0B | $4.2B |
| Net Profit | $298.0M | $275.0M |
| Gross Margin | — | — |
| Operating Margin | 12.3% | 12.4% |
| Net Margin | 7.5% | 6.6% |
| Revenue YoY | 8.2% | 8.4% |
| Net Profit YoY | -3.9% | 10.0% |
| EPS (diluted) | $0.81 | $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 | $4.0B | $4.4B | ||
| Q3 25 | $4.6B | $4.1B | ||
| Q2 25 | $3.6B | $4.0B | ||
| Q1 25 | $4.9B | $3.8B | ||
| Q4 24 | $3.7B | $4.0B | ||
| Q3 24 | $4.2B | $3.9B | ||
| Q2 24 | $3.3B | $3.8B |
| Q1 26 | — | $275.0M | ||
| Q4 25 | $298.0M | $514.0M | ||
| Q3 25 | $688.0M | $331.0M | ||
| Q2 25 | $246.0M | $266.0M | ||
| Q1 25 | $791.0M | $249.0M | ||
| Q4 24 | $310.0M | $437.0M | ||
| Q3 24 | $588.0M | $285.0M | ||
| Q2 24 | $202.0M | $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 | 12.3% | 14.4% | ||
| Q3 25 | 21.2% | 13.5% | ||
| Q2 25 | 9.8% | 12.6% | ||
| Q1 25 | 23.0% | 13.0% | ||
| Q4 24 | 13.0% | 15.8% | ||
| Q3 24 | 20.4% | 14.1% | ||
| Q2 24 | 9.7% | 13.6% |
| Q1 26 | — | 6.6% | ||
| Q4 25 | 7.5% | 11.8% | ||
| Q3 25 | 15.1% | 8.1% | ||
| Q2 25 | 6.8% | 6.6% | ||
| Q1 25 | 16.2% | 6.5% | ||
| Q4 24 | 8.5% | 11.0% | ||
| Q3 24 | 13.9% | 7.3% | ||
| Q2 24 | 6.1% | 9.5% |
| Q1 26 | — | $1.61 | ||
| Q4 25 | $0.81 | $2.97 | ||
| Q3 25 | $1.90 | $1.93 | ||
| Q2 25 | $0.68 | $1.54 | ||
| Q1 25 | $2.25 | $1.40 | ||
| Q4 24 | $0.89 | $2.41 | ||
| Q3 24 | $1.69 | $1.55 | ||
| Q2 24 | $0.58 | $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 | $1.6B | $1.9B |
| Total DebtLower is stronger | $25.8B | $15.8B |
| Stockholders' EquityBook value | $24.2B | $6.3B |
| Total Assets | $74.6B | $29.7B |
| Debt / EquityLower = less leverage | 1.07× | 2.49× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.6B | $2.1B | ||
| Q3 25 | $181.0M | $2.0B | ||
| Q2 25 | $1.5B | $2.2B | ||
| Q1 25 | $360.0M | $1.9B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $93.0M | $1.7B | ||
| Q2 24 | $1.5B | $1.7B |
| Q1 26 | — | $15.8B | ||
| Q4 25 | $25.8B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $24.7B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $6.3B | ||
| Q4 25 | $24.2B | $6.5B | ||
| Q3 25 | $24.2B | $6.2B | ||
| Q2 25 | $23.8B | $5.8B | ||
| Q1 25 | $23.8B | $6.0B | ||
| Q4 24 | $22.0B | $6.1B | ||
| Q3 24 | $21.9B | $7.0B | ||
| Q2 24 | $21.6B | $6.7B |
| Q1 26 | — | $29.7B | ||
| Q4 25 | $74.6B | $29.9B | ||
| Q3 25 | $71.8B | $28.7B | ||
| Q2 25 | $71.5B | $28.6B | ||
| Q1 25 | $70.7B | $27.3B | ||
| Q4 24 | $70.6B | $26.9B | ||
| Q3 24 | $68.6B | $27.2B | ||
| Q2 24 | $67.9B | $26.4B |
| Q1 26 | — | 2.49× | ||
| Q4 25 | 1.07× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.13× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $1.5B | $618.0M |
| Free Cash FlowOCF − Capex | — | $491.0M |
| FCF MarginFCF / Revenue | — | 11.8% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 4.97× | 2.25× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.1B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $618.0M | ||
| Q4 25 | $1.5B | $735.0M | ||
| Q3 25 | $504.0M | $908.0M | ||
| Q2 25 | $2.0B | $443.0M | ||
| Q1 25 | $837.0M | $568.0M | ||
| Q4 24 | $1.3B | $885.0M | ||
| Q3 24 | $392.0M | $721.0M | ||
| Q2 24 | $1.3B | $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 | 4.97× | 1.43× | ||
| Q3 25 | 0.73× | 2.74× | ||
| Q2 25 | 8.04× | 1.67× | ||
| Q1 25 | 1.06× | 2.28× | ||
| Q4 24 | 4.23× | 2.03× | ||
| Q3 24 | 0.67× | 2.53× | ||
| Q2 24 | 6.63× | 1.62× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ED
| Electricity | $2.9B | 73% |
| Oil And Gas Purchased | $923.0M | 23% |
| Steam Plant | $189.0M | 5% |
| Con Edison Transmission | $1.0M | 0% |
IQV
Segment breakdown not available.
