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Side-by-side financial comparison of IQVIA (IQV) and PulteGroup (PHM). Click either name above to swap in a different company.
IQVIA is the larger business by last-quarter revenue ($4.4B vs $3.4B, roughly 1.3× PulteGroup). IQVIA runs the higher net margin — 11.8% vs 10.2%, a 1.6% gap on every dollar of revenue. On growth, IQVIA posted the faster year-over-year revenue change (10.3% vs -12.4%). Over the past eight quarters, IQVIA's revenue compounded faster (8.1% CAGR vs -13.9%).
IQVIA Holdings, Inc., headquartered in Durham, North Carolina, is an American company focused on health information technology and clinical research.
PulteGroup, Inc. is an American residential home-construction company based in Atlanta, Georgia, United States. As of 2023, the company is the third-largest home-construction company in the United States based on the number of homes closed. In total, the company has built over 775,000 homes.
IQV vs PHM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.4B | $3.4B |
| Net Profit | $514.0M | $347.0M |
| Gross Margin | — | — |
| Operating Margin | 14.4% | — |
| Net Margin | 11.8% | 10.2% |
| Revenue YoY | 10.3% | -12.4% |
| Net Profit YoY | 17.6% | -33.6% |
| EPS (diluted) | $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.
| Q1 26 | — | $3.4B | ||
| Q4 25 | $4.4B | $4.6B | ||
| Q3 25 | $4.1B | $4.4B | ||
| Q2 25 | $4.0B | $4.4B | ||
| Q1 25 | $3.8B | $3.9B | ||
| Q4 24 | $4.0B | $4.9B | ||
| Q3 24 | $3.9B | $4.5B | ||
| Q2 24 | $3.8B | $4.6B |
| Q1 26 | — | $347.0M | ||
| Q4 25 | $514.0M | $501.6M | ||
| Q3 25 | $331.0M | $585.8M | ||
| Q2 25 | $266.0M | $608.5M | ||
| Q1 25 | $249.0M | $522.8M | ||
| Q4 24 | $437.0M | $913.2M | ||
| Q3 24 | $285.0M | $697.9M | ||
| Q2 24 | $363.0M | $809.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 27.8% | ||
| Q2 25 | — | 28.6% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | 23.5% | 30.4% | ||
| Q2 24 | 22.6% | 31.4% |
| Q1 26 | — | — | ||
| 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 26 | — | 10.2% | ||
| Q4 25 | 11.8% | 10.9% | ||
| Q3 25 | 8.1% | 13.3% | ||
| Q2 25 | 6.6% | 13.8% | ||
| Q1 25 | 6.5% | 13.4% | ||
| Q4 24 | 11.0% | 18.6% | ||
| Q3 24 | 7.3% | 15.6% | ||
| Q2 24 | 9.5% | 17.6% |
| Q1 26 | — | — | ||
| Q4 25 | $2.97 | $2.56 | ||
| Q3 25 | $1.93 | $2.96 | ||
| Q2 25 | $1.54 | $3.03 | ||
| Q1 25 | $1.40 | $2.57 | ||
| Q4 24 | $2.41 | $4.41 | ||
| Q3 24 | $1.55 | $3.35 | ||
| Q2 24 | $1.97 | $3.83 |
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 | $1.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $6.5B | $13.0B |
| Total Assets | $29.9B | $5.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.8B | ||
| Q4 25 | $2.1B | $2.0B | ||
| Q3 25 | $2.0B | $1.5B | ||
| Q2 25 | $2.2B | $1.2B | ||
| Q1 25 | $1.9B | $1.2B | ||
| Q4 24 | $1.8B | $1.6B | ||
| Q3 24 | $1.7B | $1.4B | ||
| Q2 24 | $1.7B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | $43.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $31.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $13.0B | ||
| Q4 25 | $6.5B | $13.0B | ||
| Q3 25 | $6.2B | $12.8B | ||
| Q2 25 | $5.8B | $12.6B | ||
| Q1 25 | $6.0B | $12.3B | ||
| Q4 24 | $6.1B | $12.1B | ||
| Q3 24 | $7.0B | $11.6B | ||
| Q2 24 | $6.7B | $11.2B |
| Q1 26 | — | $5.2B | ||
| Q4 25 | $29.9B | $18.0B | ||
| Q3 25 | $28.7B | $17.9B | ||
| Q2 25 | $28.6B | $17.6B | ||
| Q1 25 | $27.3B | $17.3B | ||
| Q4 24 | $26.9B | $17.4B | ||
| Q3 24 | $27.2B | $17.0B | ||
| Q2 24 | $26.4B | $16.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| 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 | $159.8M |
| Free Cash FlowOCF − Capex | $561.0M | — |
| FCF MarginFCF / Revenue | 12.9% | — |
| Capex IntensityCapex / Revenue | 4.0% | 0.7% |
| Cash ConversionOCF / Net Profit | 1.43× | 0.46× |
| TTM Free Cash FlowTrailing 4 quarters | $2.1B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $159.8M | ||
| Q4 25 | $735.0M | $771.1M | ||
| Q3 25 | $908.0M | $678.4M | ||
| Q2 25 | $443.0M | $287.5M | ||
| Q1 25 | $568.0M | $134.2M | ||
| Q4 24 | $885.0M | $567.6M | ||
| Q3 24 | $721.0M | $455.9M | ||
| Q2 24 | $588.0M | $417.5M |
| Q1 26 | — | — | ||
| Q4 25 | $561.0M | $739.8M | ||
| Q3 25 | $772.0M | $651.1M | ||
| Q2 25 | $292.0M | $253.0M | ||
| Q1 25 | $426.0M | $104.6M | ||
| Q4 24 | $721.0M | $543.1M | ||
| Q3 24 | $571.0M | $417.2M | ||
| Q2 24 | $445.0M | $386.2M |
| Q1 26 | — | — | ||
| Q4 25 | 12.9% | 16.0% | ||
| Q3 25 | 18.8% | 14.8% | ||
| Q2 25 | 7.3% | 5.7% | ||
| Q1 25 | 11.1% | 2.7% | ||
| Q4 24 | 18.2% | 11.0% | ||
| Q3 24 | 14.7% | 9.3% | ||
| Q2 24 | 11.7% | 8.4% |
| Q1 26 | — | 0.7% | ||
| Q4 25 | 4.0% | 0.7% | ||
| Q3 25 | 3.3% | 0.6% | ||
| Q2 25 | 3.8% | 0.8% | ||
| Q1 25 | 3.7% | 0.8% | ||
| Q4 24 | 4.1% | 0.5% | ||
| Q3 24 | 3.9% | 0.9% | ||
| Q2 24 | 3.7% | 0.7% |
| Q1 26 | — | 0.46× | ||
| Q4 25 | 1.43× | 1.54× | ||
| Q3 25 | 2.74× | 1.16× | ||
| Q2 25 | 1.67× | 0.47× | ||
| Q1 25 | 2.28× | 0.26× | ||
| Q4 24 | 2.03× | 0.62× | ||
| Q3 24 | 2.53× | 0.65× | ||
| Q2 24 | 1.62× | 0.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IQV
Segment breakdown not available.
PHM
| Home sale revenues | $3.3B | 97% |
| Financial Services | $71.7M | 2% |
| Land sale and other revenues | $29.3M | 1% |
