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Side-by-side financial comparison of IQVIA (IQV) and RENAISSANCERE HOLDINGS LTD (RNR). Click either name above to swap in a different company.
IQVIA is the larger business by last-quarter revenue ($4.4B vs $2.2B, roughly 2.0× RENAISSANCERE HOLDINGS LTD). RENAISSANCERE HOLDINGS LTD runs the higher net margin — 23.5% vs 11.8%, a 11.7% gap on every dollar of revenue. On growth, IQVIA posted the faster year-over-year revenue change (10.3% vs -36.8%). Over the past eight quarters, IQVIA's revenue compounded faster (8.1% CAGR vs -11.9%).
IQVIA Holdings, Inc., headquartered in Durham, North Carolina, is an American company focused on health information technology and clinical research.
RenaissanceRe Holdings Ltd is a Bermudian provider of reinsurance, insurance and other related business services. The company operates in reinsurance, insurance and ventures.
IQV vs RNR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.4B | $2.2B |
| Net Profit | $514.0M | $515.8M |
| Gross Margin | — | — |
| Operating Margin | 14.4% | — |
| Net Margin | 11.8% | 23.5% |
| Revenue YoY | 10.3% | -36.8% |
| Net Profit YoY | 17.6% | 72.6% |
| EPS (diluted) | $2.97 | $6.57 |
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 | — | $2.2B | ||
| Q4 25 | $4.4B | $3.0B | ||
| Q3 25 | $4.1B | $3.2B | ||
| Q2 25 | $4.0B | $3.2B | ||
| Q1 25 | $3.8B | $3.5B | ||
| Q4 24 | $4.0B | $2.3B | ||
| Q3 24 | $3.9B | $4.0B | ||
| Q2 24 | $3.8B | $2.8B |
| Q1 26 | — | $515.8M | ||
| Q4 25 | $514.0M | $760.5M | ||
| Q3 25 | $331.0M | $916.5M | ||
| Q2 25 | $266.0M | $835.4M | ||
| Q1 25 | $249.0M | $170.0M | ||
| Q4 24 | $437.0M | $-189.7M | ||
| Q3 24 | $285.0M | $1.2B | ||
| Q2 24 | $363.0M | $503.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 23.5% | — | ||
| Q2 24 | 22.6% | — |
| Q1 26 | — | — | ||
| Q4 25 | 14.4% | 42.5% | ||
| Q3 25 | 13.5% | 46.3% | ||
| Q2 25 | 12.6% | 41.8% | ||
| Q1 25 | 13.0% | -2.0% | ||
| Q4 24 | 15.8% | -3.6% | ||
| Q3 24 | 14.1% | 43.7% | ||
| Q2 24 | 13.6% | 25.0% |
| Q1 26 | — | 23.5% | ||
| Q4 25 | 11.8% | 25.6% | ||
| Q3 25 | 8.1% | 28.7% | ||
| Q2 25 | 6.6% | 26.1% | ||
| Q1 25 | 6.5% | 4.9% | ||
| Q4 24 | 11.0% | -8.3% | ||
| Q3 24 | 7.3% | 29.8% | ||
| Q2 24 | 9.5% | 17.8% |
| Q1 26 | — | $6.57 | ||
| Q4 25 | $2.97 | $16.16 | ||
| Q3 25 | $1.93 | $19.40 | ||
| Q2 25 | $1.54 | $17.20 | ||
| Q1 25 | $1.40 | $3.27 | ||
| Q4 24 | $2.41 | $-3.76 | ||
| Q3 24 | $1.55 | $22.62 | ||
| Q2 24 | $1.97 | $9.41 |
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 | $1.6B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $6.5B | $4.3B |
| Total Assets | $29.9B | $53.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $2.1B | $1.7B | ||
| Q3 25 | $2.0B | $1.7B | ||
| Q2 25 | $2.2B | $1.4B | ||
| Q1 25 | $1.9B | $1.6B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.7B | $1.6B | ||
| Q2 24 | $1.7B | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $2.0B |
| Q1 26 | — | $4.3B | ||
| Q4 25 | $6.5B | $11.6B | ||
| Q3 25 | $6.2B | $11.5B | ||
| Q2 25 | $5.8B | $10.8B | ||
| Q1 25 | $6.0B | $10.3B | ||
| Q4 24 | $6.1B | $10.6B | ||
| Q3 24 | $7.0B | $11.2B | ||
| Q2 24 | $6.7B | $10.2B |
| Q1 26 | — | $53.7B | ||
| Q4 25 | $29.9B | $53.8B | ||
| Q3 25 | $28.7B | $54.5B | ||
| Q2 25 | $28.6B | $54.7B | ||
| Q1 25 | $27.3B | $53.6B | ||
| Q4 24 | $26.9B | $50.7B | ||
| Q3 24 | $27.2B | $52.8B | ||
| Q2 24 | $26.4B | $51.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | — | 0.19× |
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 | $483.0M | ||
| Q3 25 | $908.0M | $1.6B | ||
| Q2 25 | $443.0M | $1.5B | ||
| Q1 25 | $568.0M | $157.8M | ||
| Q4 24 | $885.0M | $778.9M | ||
| Q3 24 | $721.0M | $1.5B | ||
| Q2 24 | $588.0M | $1.2B |
| Q1 26 | — | — | ||
| 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 | — | — | ||
| 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 | — | — | ||
| Q4 25 | 1.43× | 0.64× | ||
| Q3 25 | 2.74× | 1.73× | ||
| Q2 25 | 1.67× | 1.76× | ||
| Q1 25 | 2.28× | 0.93× | ||
| Q4 24 | 2.03× | — | ||
| Q3 24 | 2.53× | 1.26× | ||
| Q2 24 | 1.62× | 2.41× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
