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Side-by-side financial comparison of IQVIA (IQV) and PG&E Corporation (PCG). Click either name above to swap in a different company.
PG&E Corporation is the larger business by last-quarter revenue ($6.9B vs $4.4B, roughly 1.6× IQVIA). PG&E Corporation runs the higher net margin — 12.9% vs 11.8%, a 1.1% gap on every dollar of revenue. On growth, PG&E Corporation posted the faster year-over-year revenue change (15.0% vs 10.3%). Over the past eight quarters, IQVIA's revenue compounded faster (8.1% CAGR vs 7.2%).
IQVIA Holdings, Inc., headquartered in Durham, North Carolina, is an American company focused on health information technology and clinical research.
Pacific Gas and Electric Company (PG&E) is an American investor-owned utility (IOU). The company is headquartered at Kaiser Center, in Oakland, California. PG&E provides natural gas and electricity to 5.2 million households in the northern two-thirds of California, from Bakersfield and northern Santa Barbara County, almost to the Oregon and Nevada state lines.
IQV vs PCG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.4B | $6.9B |
| Net Profit | $514.0M | $885.0M |
| Gross Margin | — | — |
| Operating Margin | 14.4% | 21.4% |
| Net Margin | 11.8% | 12.9% |
| Revenue YoY | 10.3% | 15.0% |
| Net Profit YoY | 17.6% | 39.6% |
| EPS (diluted) | $2.97 | $0.39 |
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 | — | $6.9B | ||
| Q4 25 | $4.4B | $6.8B | ||
| Q3 25 | $4.1B | $6.3B | ||
| Q2 25 | $4.0B | $5.9B | ||
| Q1 25 | $3.8B | $6.0B | ||
| Q4 24 | $4.0B | $6.6B | ||
| Q3 24 | $3.9B | $5.9B | ||
| Q2 24 | $3.8B | $6.0B |
| Q1 26 | — | $885.0M | ||
| Q4 25 | $514.0M | $670.0M | ||
| Q3 25 | $331.0M | $850.0M | ||
| Q2 25 | $266.0M | $549.0M | ||
| Q1 25 | $249.0M | $634.0M | ||
| Q4 24 | $437.0M | $674.0M | ||
| Q3 24 | $285.0M | $579.0M | ||
| Q2 24 | $363.0M | $524.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 23.5% | — | ||
| Q2 24 | 22.6% | — |
| Q1 26 | — | 21.4% | ||
| Q4 25 | 14.4% | 18.0% | ||
| Q3 25 | 13.5% | 19.3% | ||
| Q2 25 | 12.6% | 18.6% | ||
| Q1 25 | 13.0% | 20.4% | ||
| Q4 24 | 15.8% | 15.4% | ||
| Q3 24 | 14.1% | 17.3% | ||
| Q2 24 | 13.6% | 18.9% |
| Q1 26 | — | 12.9% | ||
| Q4 25 | 11.8% | 9.8% | ||
| Q3 25 | 8.1% | 13.6% | ||
| Q2 25 | 6.6% | 9.3% | ||
| Q1 25 | 6.5% | 10.6% | ||
| Q4 24 | 11.0% | 10.2% | ||
| Q3 24 | 7.3% | 9.7% | ||
| Q2 24 | 9.5% | 8.8% |
| Q1 26 | — | $0.39 | ||
| Q4 25 | $2.97 | $0.29 | ||
| Q3 25 | $1.93 | $0.37 | ||
| Q2 25 | $1.54 | $0.24 | ||
| Q1 25 | $1.40 | $0.28 | ||
| Q4 24 | $2.41 | $0.30 | ||
| Q3 24 | $1.55 | $0.27 | ||
| Q2 24 | $1.97 | $0.24 |
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.
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $713.0M | ||
| Q3 25 | $2.0B | $404.0M | ||
| Q2 25 | $2.2B | $494.0M | ||
| Q1 25 | $1.9B | $2.0B | ||
| Q4 24 | $1.8B | $940.0M | ||
| Q3 24 | $1.7B | $895.0M | ||
| Q2 24 | $1.7B | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | $57.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $53.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $6.5B | $32.5B | ||
| Q3 25 | $6.2B | $32.0B | ||
| Q2 25 | $5.8B | $31.2B | ||
| Q1 25 | $6.0B | $30.7B | ||
| Q4 24 | $6.1B | $30.1B | ||
| Q3 24 | $7.0B | $26.8B | ||
| Q2 24 | $6.7B | $26.3B |
| Q1 26 | — | — | ||
| Q4 25 | $29.9B | $141.6B | ||
| Q3 25 | $28.7B | $138.2B | ||
| Q2 25 | $28.6B | $136.4B | ||
| Q1 25 | $27.3B | $135.4B | ||
| Q4 24 | $26.9B | $133.7B | ||
| Q3 24 | $27.2B | $132.3B | ||
| Q2 24 | $26.4B | $130.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.76× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.78× | ||
| 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 | $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.
| Q1 26 | — | — | ||
| Q4 25 | $735.0M | $2.0B | ||
| Q3 25 | $908.0M | $2.9B | ||
| Q2 25 | $443.0M | $1.1B | ||
| Q1 25 | $568.0M | $2.8B | ||
| Q4 24 | $885.0M | $1.9B | ||
| Q3 24 | $721.0M | $3.1B | ||
| Q2 24 | $588.0M | $711.0M |
| Q1 26 | — | — | ||
| Q4 25 | $561.0M | $-1.2B | ||
| Q3 25 | $772.0M | $-80.0M | ||
| Q2 25 | $292.0M | $-2.0B | ||
| Q1 25 | $426.0M | $213.0M | ||
| Q4 24 | $721.0M | $-896.0M | ||
| Q3 24 | $571.0M | $526.0M | ||
| Q2 24 | $445.0M | $-1.6B |
| Q1 26 | — | — | ||
| Q4 25 | 12.9% | -17.6% | ||
| Q3 25 | 18.8% | -1.3% | ||
| Q2 25 | 7.3% | -34.0% | ||
| Q1 25 | 11.1% | 3.6% | ||
| Q4 24 | 18.2% | -13.5% | ||
| Q3 24 | 14.7% | 8.9% | ||
| Q2 24 | 11.7% | -26.5% |
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 46.4% | ||
| Q3 25 | 3.3% | 46.9% | ||
| Q2 25 | 3.8% | 52.0% | ||
| Q1 25 | 3.7% | 44.0% | ||
| Q4 24 | 4.1% | 42.6% | ||
| Q3 24 | 3.9% | 43.8% | ||
| Q2 24 | 3.7% | 38.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.43× | 2.93× | ||
| Q3 25 | 2.74× | 3.35× | ||
| Q2 25 | 1.67× | 1.93× | ||
| Q1 25 | 2.28× | 4.49× | ||
| Q4 24 | 2.03× | 2.87× | ||
| Q3 24 | 2.53× | 5.41× | ||
| Q2 24 | 1.62× | 1.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IQV
Segment breakdown not available.
PCG
| Electric | $5.0B | 72% |
| Other | $1.9B | 28% |
