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Side-by-side financial comparison of IQVIA (IQV) and PAN AMERICAN SILVER CORP (PAAS). Click either name above to swap in a different company.
IQVIA is the larger business by last-quarter revenue ($4.4B vs $2.8B, roughly 1.6× PAN AMERICAN SILVER CORP).
IQVIA Holdings, Inc., headquartered in Durham, North Carolina, is an American company focused on health information technology and clinical research.
Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.
IQV vs PAAS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2022
| Metric | | |
|---|---|---|
| Revenue | $4.4B | $2.8B |
| Net Profit | $514.0M | — |
| Gross Margin | — | 27.0% |
| Operating Margin | 14.4% | — |
| Net Margin | 11.8% | — |
| Revenue YoY | 10.3% | — |
| Net Profit YoY | 17.6% | — |
| EPS (diluted) | $2.97 | $-1.05 |
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 | $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 | $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 | 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 | 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 | $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 | $2.1B | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $6.5B | — |
| Total Assets | $29.9B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | $1.6B | — |
| Q4 25 | $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 | $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 | — |
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 | $735.0M | — |
| Free Cash FlowOCF − Capex | $561.0M | — |
| FCF MarginFCF / Revenue | 12.9% | — |
| Capex IntensityCapex / Revenue | 4.0% | — |
| Cash ConversionOCF / Net Profit | 1.43× | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.1B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $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 | $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 | 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 | 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 | 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.
