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Side-by-side financial comparison of IQVIA (IQV) and Stanley Black & Decker (SWK). Click either name above to swap in a different company.
IQVIA is the larger business by last-quarter revenue ($4.4B vs $3.8B, roughly 1.2× Stanley Black & Decker). IQVIA runs the higher net margin — 11.8% vs 1.4%, a 10.4% gap on every dollar of revenue. On growth, IQVIA posted the faster year-over-year revenue change (10.3% vs 0.1%). IQVIA produced more free cash flow last quarter ($561.0M vs $155.3M). Over the past eight quarters, IQVIA's revenue compounded faster (8.1% CAGR vs 0.3%).
IQVIA Holdings, Inc., headquartered in Durham, North Carolina, is an American company focused on health information technology and clinical research.
Stanley Black & Decker, Inc., formerly known as The Stanley Works, is an American manufacturer of industrial tools and household hardware, and a provider of security products. Headquartered in the Greater Hartford city of New Britain, Connecticut, Stanley Black & Decker is the result of the merger of The Stanley Works and Black & Decker on March 12, 2010.
IQV vs SWK — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.4B | $3.8B |
| Net Profit | $514.0M | $51.4M |
| Gross Margin | — | 31.4% |
| Operating Margin | 14.4% | — |
| Net Margin | 11.8% | 1.4% |
| Revenue YoY | 10.3% | 0.1% |
| Net Profit YoY | 17.6% | -43.6% |
| EPS (diluted) | $2.97 | $0.34 |
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 | $3.8B | ||
| Q2 25 | $4.0B | $3.9B | ||
| Q1 25 | $3.8B | $3.7B | ||
| Q4 24 | $4.0B | $3.7B | ||
| Q3 24 | $3.9B | $3.8B | ||
| Q2 24 | $3.8B | $4.0B | ||
| Q1 24 | $3.7B | $3.9B |
| Q4 25 | $514.0M | — | ||
| Q3 25 | $331.0M | $51.4M | ||
| Q2 25 | $266.0M | $101.9M | ||
| Q1 25 | $249.0M | $90.4M | ||
| Q4 24 | $437.0M | $194.9M | ||
| Q3 24 | $285.0M | $91.1M | ||
| Q2 24 | $363.0M | $-11.2M | ||
| Q1 24 | $288.0M | $19.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | 31.4% | ||
| Q2 25 | — | 27.0% | ||
| Q1 25 | — | 29.9% | ||
| Q4 24 | — | 30.8% | ||
| Q3 24 | 23.5% | 29.9% | ||
| Q2 24 | 22.6% | 28.4% | ||
| Q1 24 | 22.1% | 28.6% |
| Q4 25 | 14.4% | — | ||
| Q3 25 | 13.5% | — | ||
| Q2 25 | 12.6% | — | ||
| Q1 25 | 13.0% | — | ||
| Q4 24 | 15.8% | 3.4% | ||
| Q3 24 | 14.1% | 10.6% | ||
| Q2 24 | 13.6% | 9.5% | ||
| Q1 24 | 13.5% | 8.3% |
| Q4 25 | 11.8% | — | ||
| Q3 25 | 8.1% | 1.4% | ||
| Q2 25 | 6.6% | 2.6% | ||
| Q1 25 | 6.5% | 2.4% | ||
| Q4 24 | 11.0% | 5.2% | ||
| Q3 24 | 7.3% | 2.4% | ||
| Q2 24 | 9.5% | -0.3% | ||
| Q1 24 | 7.7% | 0.5% |
| Q4 25 | $2.97 | — | ||
| Q3 25 | $1.93 | $0.34 | ||
| Q2 25 | $1.54 | $0.67 | ||
| Q1 25 | $1.40 | $0.60 | ||
| Q4 24 | $2.41 | $1.29 | ||
| Q3 24 | $1.55 | $0.60 | ||
| Q2 24 | $1.97 | $-0.07 | ||
| Q1 24 | $1.56 | $0.13 |
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 | $268.3M |
| Total DebtLower is stronger | — | $5.3B |
| Stockholders' EquityBook value | $6.5B | $9.0B |
| Total Assets | $29.9B | $21.8B |
| Debt / EquityLower = less leverage | — | 0.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.0B | $268.3M | ||
| Q2 25 | $2.2B | $311.8M | ||
| Q1 25 | $1.9B | $344.8M | ||
| Q4 24 | $1.8B | $290.5M | ||
| Q3 24 | $1.7B | $298.7M | ||
| Q2 24 | $1.7B | $318.5M | ||
| Q1 24 | $1.6B | $476.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | $5.3B | ||
| Q2 25 | — | $5.6B | ||
| Q1 25 | — | $5.6B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.1B | ||
| Q2 24 | — | $6.1B | ||
| Q1 24 | — | $6.1B |
| Q4 25 | $6.5B | — | ||
| Q3 25 | $6.2B | $9.0B | ||
| Q2 25 | $5.8B | $9.1B | ||
| Q1 25 | $6.0B | $8.8B | ||
| Q4 24 | $6.1B | $8.7B | ||
| Q3 24 | $7.0B | $8.9B | ||
| Q2 24 | $6.7B | $8.7B | ||
| Q1 24 | $6.3B | $8.9B |
| Q4 25 | $29.9B | — | ||
| Q3 25 | $28.7B | $21.8B | ||
| Q2 25 | $28.6B | $22.5B | ||
| Q1 25 | $27.3B | $22.5B | ||
| Q4 24 | $26.9B | $21.8B | ||
| Q3 24 | $27.2B | $22.5B | ||
| Q2 24 | $26.4B | $22.5B | ||
| Q1 24 | $26.6B | $23.9B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | — | 0.70× | ||
| Q3 24 | — | 0.69× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.69× |
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 | $221.2M |
| Free Cash FlowOCF − Capex | $561.0M | $155.3M |
| FCF MarginFCF / Revenue | 12.9% | 4.1% |
| Capex IntensityCapex / Revenue | 4.0% | 1.8% |
| Cash ConversionOCF / Net Profit | 1.43× | 4.30× |
| TTM Free Cash FlowTrailing 4 quarters | $2.1B | $369.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $735.0M | — | ||
| Q3 25 | $908.0M | $221.2M | ||
| Q2 25 | $443.0M | $214.3M | ||
| Q1 25 | $568.0M | $-420.0M | ||
| Q4 24 | $885.0M | $679.1M | ||
| Q3 24 | $721.0M | $285.8M | ||
| Q2 24 | $588.0M | $573.0M | ||
| Q1 24 | $522.0M | $-431.0M |
| Q4 25 | $561.0M | — | ||
| Q3 25 | $772.0M | $155.3M | ||
| Q2 25 | $292.0M | $134.7M | ||
| Q1 25 | $426.0M | $-485.0M | ||
| Q4 24 | $721.0M | $564.6M | ||
| Q3 24 | $571.0M | $199.3M | ||
| Q2 24 | $445.0M | $485.8M | ||
| Q1 24 | $377.0M | $-496.7M |
| Q4 25 | 12.9% | — | ||
| Q3 25 | 18.8% | 4.1% | ||
| Q2 25 | 7.3% | 3.4% | ||
| Q1 25 | 11.1% | -13.0% | ||
| Q4 24 | 18.2% | 15.2% | ||
| Q3 24 | 14.7% | 5.3% | ||
| Q2 24 | 11.7% | 12.1% | ||
| Q1 24 | 10.1% | -12.8% |
| Q4 25 | 4.0% | — | ||
| Q3 25 | 3.3% | 1.8% | ||
| Q2 25 | 3.8% | 2.0% | ||
| Q1 25 | 3.7% | 1.7% | ||
| Q4 24 | 4.1% | 3.1% | ||
| Q3 24 | 3.9% | 2.3% | ||
| Q2 24 | 3.7% | 2.2% | ||
| Q1 24 | 3.9% | 1.7% |
| Q4 25 | 1.43× | — | ||
| Q3 25 | 2.74× | 4.30× | ||
| Q2 25 | 1.67× | 2.10× | ||
| Q1 25 | 2.28× | -4.65× | ||
| Q4 24 | 2.03× | 3.48× | ||
| Q3 24 | 2.53× | 3.14× | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 1.81× | -22.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IQV
Segment breakdown not available.
SWK
| Tools And Outdoor Segment | $3.3B | 87% |
| Engineered Fastening Segment | $500.5M | 13% |
