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Side-by-side financial comparison of IQVIA (IQV) and OLD REPUBLIC INTERNATIONAL CORP (ORI). Click either name above to swap in a different company.

IQVIA is the larger business by last-quarter revenue ($4.2B vs $2.4B, roughly 1.7× OLD REPUBLIC INTERNATIONAL CORP). OLD REPUBLIC INTERNATIONAL CORP runs the higher net margin — 13.8% vs 6.6%, a 7.1% gap on every dollar of revenue. On growth, IQVIA posted the faster year-over-year revenue change (8.4% vs 6.7%). Over the past eight quarters, OLD REPUBLIC INTERNATIONAL CORP's revenue compounded faster (13.2% CAGR vs 4.3%).

IQVIA Holdings, Inc., headquartered in Durham, North Carolina, is an American company focused on health information technology and clinical research.

Old Republic International Corporation is an American property insurance and title insurance company. The company is headquartered in Chicago, Illinois.

IQV vs ORI — Head-to-Head

Bigger by revenue
IQV
IQV
1.7× larger
IQV
$4.2B
$2.4B
ORI
Growing faster (revenue YoY)
IQV
IQV
+1.7% gap
IQV
8.4%
6.7%
ORI
Higher net margin
ORI
ORI
7.1% more per $
ORI
13.8%
6.6%
IQV
Faster 2-yr revenue CAGR
ORI
ORI
Annualised
ORI
13.2%
4.3%
IQV

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
IQV
IQV
ORI
ORI
Revenue
$4.2B
$2.4B
Net Profit
$275.0M
$330.0M
Gross Margin
Operating Margin
12.4%
Net Margin
6.6%
13.8%
Revenue YoY
8.4%
6.7%
Net Profit YoY
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.

Revenue
IQV
IQV
ORI
ORI
Q1 26
$4.2B
$2.4B
Q4 25
$4.4B
$2.4B
Q3 25
$4.1B
$2.4B
Q2 25
$4.0B
$2.2B
Q1 25
$3.8B
$2.1B
Q4 24
$4.0B
$2.0B
Q3 24
$3.9B
$2.3B
Q2 24
$3.8B
$1.9B
Net Profit
IQV
IQV
ORI
ORI
Q1 26
$275.0M
$330.0M
Q4 25
$514.0M
$206.5M
Q3 25
$331.0M
$279.5M
Q2 25
$266.0M
$204.4M
Q1 25
$249.0M
$245.0M
Q4 24
$437.0M
$105.3M
Q3 24
$285.0M
$338.9M
Q2 24
$363.0M
$91.8M
Gross Margin
IQV
IQV
ORI
ORI
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
23.5%
Q2 24
22.6%
Operating Margin
IQV
IQV
ORI
ORI
Q1 26
12.4%
Q4 25
14.4%
Q3 25
13.5%
14.6%
Q2 25
12.6%
11.8%
Q1 25
13.0%
14.6%
Q4 24
15.8%
Q3 24
14.1%
18.2%
Q2 24
13.6%
6.1%
Net Margin
IQV
IQV
ORI
ORI
Q1 26
6.6%
13.8%
Q4 25
11.8%
8.6%
Q3 25
8.1%
11.5%
Q2 25
6.6%
9.3%
Q1 25
6.5%
11.6%
Q4 24
11.0%
5.3%
Q3 24
7.3%
14.5%
Q2 24
9.5%
4.9%
EPS (diluted)
IQV
IQV
ORI
ORI
Q1 26
$1.61
Q4 25
$2.97
$0.82
Q3 25
$1.93
$1.11
Q2 25
$1.54
$0.81
Q1 25
$1.40
$0.98
Q4 24
$2.41
$0.42
Q3 24
$1.55
$1.32
Q2 24
$1.97
$0.35

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IQV
IQV
ORI
ORI
Cash + ST InvestmentsLiquidity on hand
$1.9B
Total DebtLower is stronger
$15.8B
Stockholders' EquityBook value
$6.3B
$5.9M
Total Assets
$29.7B
$29.6M
Debt / EquityLower = less leverage
2.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IQV
IQV
ORI
ORI
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
Total Debt
IQV
IQV
ORI
ORI
Q1 26
$15.8B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
IQV
IQV
ORI
ORI
Q1 26
$6.3B
$5.9M
Q4 25
$6.5B
$5.9B
Q3 25
$6.2B
$6.4B
Q2 25
$5.8B
$6.2B
Q1 25
$6.0B
$5.9B
Q4 24
$6.1B
$5.6B
Q3 24
$7.0B
$6.4B
Q2 24
$6.7B
$6.0B
Total Assets
IQV
IQV
ORI
ORI
Q1 26
$29.7B
$29.6M
Q4 25
$29.9B
$29.9B
Q3 25
$28.7B
$30.3B
Q2 25
$28.6B
$29.3B
Q1 25
$27.3B
$28.0B
Q4 24
$26.9B
$27.8B
Q3 24
$27.2B
$28.8B
Q2 24
$26.4B
$27.5B
Debt / Equity
IQV
IQV
ORI
ORI
Q1 26
2.49×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
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
IQV
IQV
ORI
ORI
Operating Cash FlowLast quarter
$618.0M
Free Cash FlowOCF − Capex
$491.0M
FCF MarginFCF / Revenue
11.8%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.25×
TTM Free Cash FlowTrailing 4 quarters
$2.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IQV
IQV
ORI
ORI
Q1 26
$618.0M
Q4 25
$735.0M
$234.9M
Q3 25
$908.0M
$563.9M
Q2 25
$443.0M
$133.8M
Q1 25
$568.0M
$231.7M
Q4 24
$885.0M
$361.7M
Q3 24
$721.0M
$474.8M
Q2 24
$588.0M
$236.5M
Free Cash Flow
IQV
IQV
ORI
ORI
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
FCF Margin
IQV
IQV
ORI
ORI
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%
Capex Intensity
IQV
IQV
ORI
ORI
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%
Cash Conversion
IQV
IQV
ORI
ORI
Q1 26
2.25×
Q4 25
1.43×
1.14×
Q3 25
2.74×
2.02×
Q2 25
1.67×
0.65×
Q1 25
2.28×
0.95×
Q4 24
2.03×
3.43×
Q3 24
2.53×
1.40×
Q2 24
1.62×
2.58×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IQV
IQV

Segment breakdown not available.

ORI
ORI

operating$2.2B92%
net investment gains$201.8M8%

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