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Side-by-side financial comparison of IQVIA (IQV) and Sprouts Farmers Market, Inc. (SFM). Click either name above to swap in a different company.

IQVIA is the larger business by last-quarter revenue ($4.4B vs $2.3B, roughly 1.9× Sprouts Farmers Market, Inc.). IQVIA runs the higher net margin — 11.8% vs 7.0%, a 4.7% gap on every dollar of revenue. On growth, IQVIA posted the faster year-over-year revenue change (10.3% vs 4.1%). Over the past eight quarters, Sprouts Farmers Market, Inc.'s revenue compounded faster (10.9% CAGR vs 8.1%).

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

Sprouts Farmers Market, Inc., is a supermarket chain headquartered in Phoenix, Arizona, offering natural and organic foods, including fresh produce, bulk foods, packaged groceries, meat, poultry, seafood, deli, baked goods, dairy products, and frozen foods. They also sell vitamins and supplements, natural body care, and household items. Sprouts employs 35,000 workers and operates more than 400 stores in 24 states.

IQV vs SFM — Head-to-Head

Bigger by revenue
IQV
IQV
1.9× larger
IQV
$4.4B
$2.3B
SFM
Growing faster (revenue YoY)
IQV
IQV
+6.1% gap
IQV
10.3%
4.1%
SFM
Higher net margin
IQV
IQV
4.7% more per $
IQV
11.8%
7.0%
SFM
Faster 2-yr revenue CAGR
SFM
SFM
Annualised
SFM
10.9%
8.1%
IQV

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IQV
IQV
SFM
SFM
Revenue
$4.4B
$2.3B
Net Profit
$514.0M
$163.7M
Gross Margin
39.4%
Operating Margin
14.4%
9.2%
Net Margin
11.8%
7.0%
Revenue YoY
10.3%
4.1%
Net Profit YoY
17.6%
-9.1%
EPS (diluted)
$2.97
$1.71

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
SFM
SFM
Q1 26
$2.3B
Q4 25
$4.4B
$2.1B
Q3 25
$4.1B
$2.2B
Q2 25
$4.0B
$2.2B
Q1 25
$3.8B
$2.2B
Q4 24
$4.0B
$2.0B
Q3 24
$3.9B
$1.9B
Q2 24
$3.8B
$1.9B
Net Profit
IQV
IQV
SFM
SFM
Q1 26
$163.7M
Q4 25
$514.0M
$89.8M
Q3 25
$331.0M
$120.1M
Q2 25
$266.0M
$133.7M
Q1 25
$249.0M
$180.0M
Q4 24
$437.0M
$79.6M
Q3 24
$285.0M
$91.6M
Q2 24
$363.0M
$95.3M
Gross Margin
IQV
IQV
SFM
SFM
Q1 26
39.4%
Q4 25
38.0%
Q3 25
38.7%
Q2 25
38.8%
Q1 25
39.6%
Q4 24
38.1%
Q3 24
23.5%
38.1%
Q2 24
22.6%
37.9%
Operating Margin
IQV
IQV
SFM
SFM
Q1 26
9.2%
Q4 25
14.4%
5.7%
Q3 25
13.5%
7.2%
Q2 25
12.6%
8.1%
Q1 25
13.0%
10.1%
Q4 24
15.8%
5.3%
Q3 24
14.1%
6.3%
Q2 24
13.6%
6.7%
Net Margin
IQV
IQV
SFM
SFM
Q1 26
7.0%
Q4 25
11.8%
4.2%
Q3 25
8.1%
5.5%
Q2 25
6.6%
6.0%
Q1 25
6.5%
8.0%
Q4 24
11.0%
4.0%
Q3 24
7.3%
4.7%
Q2 24
9.5%
5.0%
EPS (diluted)
IQV
IQV
SFM
SFM
Q1 26
$1.71
Q4 25
$2.97
$0.93
Q3 25
$1.93
$1.22
Q2 25
$1.54
$1.35
Q1 25
$1.40
$1.81
Q4 24
$2.41
$0.78
Q3 24
$1.55
$0.91
Q2 24
$1.97
$0.94

Balance Sheet & Financial Strength

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

Metric
IQV
IQV
SFM
SFM
Cash + ST InvestmentsLiquidity on hand
$2.1B
$252.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.5B
$1.4B
Total Assets
$29.9B
$4.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IQV
IQV
SFM
SFM
Q1 26
$252.2M
Q4 25
$2.1B
$257.3M
Q3 25
$2.0B
$322.4M
Q2 25
$2.2B
$261.4M
Q1 25
$1.9B
$285.7M
Q4 24
$1.8B
$265.2M
Q3 24
$1.7B
$309.7M
Q2 24
$1.7B
$177.3M
Stockholders' Equity
IQV
IQV
SFM
SFM
Q1 26
$1.4B
Q4 25
$6.5B
$1.4B
Q3 25
$6.2B
$1.4B
Q2 25
$5.8B
$1.4B
Q1 25
$6.0B
$1.3B
Q4 24
$6.1B
$1.3B
Q3 24
$7.0B
$1.3B
Q2 24
$6.7B
$1.3B
Total Assets
IQV
IQV
SFM
SFM
Q1 26
$4.3B
Q4 25
$29.9B
$4.2B
Q3 25
$28.7B
$4.0B
Q2 25
$28.6B
$3.8B
Q1 25
$27.3B
$3.7B
Q4 24
$26.9B
$3.6B
Q3 24
$27.2B
$3.6B
Q2 24
$26.4B
$3.4B

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
SFM
SFM
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.

Operating Cash Flow
IQV
IQV
SFM
SFM
Q1 26
Q4 25
$735.0M
$138.5M
Q3 25
$908.0M
$167.1M
Q2 25
$443.0M
$111.2M
Q1 25
$568.0M
$299.1M
Q4 24
$885.0M
$124.9M
Q3 24
$721.0M
$209.1M
Q2 24
$588.0M
$91.6M
Free Cash Flow
IQV
IQV
SFM
SFM
Q1 26
Q4 25
$561.0M
$66.3M
Q3 25
$772.0M
$111.4M
Q2 25
$292.0M
$50.4M
Q1 25
$426.0M
$239.6M
Q4 24
$721.0M
$56.2M
Q3 24
$571.0M
$156.3M
Q2 24
$445.0M
$33.9M
FCF Margin
IQV
IQV
SFM
SFM
Q1 26
Q4 25
12.9%
3.1%
Q3 25
18.8%
5.1%
Q2 25
7.3%
2.3%
Q1 25
11.1%
10.7%
Q4 24
18.2%
2.8%
Q3 24
14.7%
8.0%
Q2 24
11.7%
1.8%
Capex Intensity
IQV
IQV
SFM
SFM
Q1 26
Q4 25
4.0%
3.4%
Q3 25
3.3%
2.5%
Q2 25
3.8%
2.7%
Q1 25
3.7%
2.7%
Q4 24
4.1%
3.4%
Q3 24
3.9%
2.7%
Q2 24
3.7%
3.0%
Cash Conversion
IQV
IQV
SFM
SFM
Q1 26
Q4 25
1.43×
1.54×
Q3 25
2.74×
1.39×
Q2 25
1.67×
0.83×
Q1 25
2.28×
1.66×
Q4 24
2.03×
1.57×
Q3 24
2.53×
2.28×
Q2 24
1.62×
0.96×

Financial Flow Comparison

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

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