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Side-by-side financial comparison of IQVIA (IQV) and Union Pacific Corporation (UNP). Click either name above to swap in a different company.
Union Pacific Corporation is the larger business by last-quarter revenue ($6.2B vs $4.4B, roughly 1.4× IQVIA). Union Pacific Corporation runs the higher net margin — 27.4% vs 11.8%, a 15.6% gap on every dollar of revenue. On growth, IQVIA posted the faster year-over-year revenue change (10.3% vs 3.2%). Union Pacific Corporation produced more free cash flow last quarter ($631.0M vs $561.0M). Over the past eight quarters, IQVIA's revenue compounded faster (8.1% CAGR vs 1.7%).
IQVIA Holdings, Inc., headquartered in Durham, North Carolina, is an American company focused on health information technology and clinical research.
The Union Pacific Railroad Company is a Class I freight-hauling railroad that operates 8,300 locomotives over 32,200 miles (51,800 km) routes in 23 U.S. states west of Chicago and New Orleans. Union Pacific is the second-largest railroad in the United States after BNSF.
IQV vs UNP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.4B | $6.2B |
| Net Profit | $514.0M | $1.7B |
| Gross Margin | — | — |
| Operating Margin | 14.4% | 39.5% |
| Net Margin | 11.8% | 27.4% |
| Revenue YoY | 10.3% | 3.2% |
| Net Profit YoY | 17.6% | 4.6% |
| EPS (diluted) | $2.97 | $2.87 |
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 | — | $6.2B | ||
| Q4 25 | $4.4B | $6.1B | ||
| Q3 25 | $4.1B | $6.2B | ||
| Q2 25 | $4.0B | $6.2B | ||
| Q1 25 | $3.8B | $6.0B | ||
| Q4 24 | $4.0B | $6.1B | ||
| Q3 24 | $3.9B | $6.1B | ||
| Q2 24 | $3.8B | $6.0B |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $514.0M | $1.8B | ||
| Q3 25 | $331.0M | $1.8B | ||
| Q2 25 | $266.0M | $1.9B | ||
| Q1 25 | $249.0M | $1.6B | ||
| Q4 24 | $437.0M | $1.8B | ||
| Q3 24 | $285.0M | $1.7B | ||
| Q2 24 | $363.0M | $1.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 23.5% | — | ||
| Q2 24 | 22.6% | — |
| Q1 26 | — | 39.5% | ||
| Q4 25 | 14.4% | 39.5% | ||
| Q3 25 | 13.5% | 40.8% | ||
| Q2 25 | 12.6% | 41.0% | ||
| Q1 25 | 13.0% | 39.3% | ||
| Q4 24 | 15.8% | 41.3% | ||
| Q3 24 | 14.1% | 39.7% | ||
| Q2 24 | 13.6% | 40.0% |
| Q1 26 | — | 27.4% | ||
| Q4 25 | 11.8% | 30.4% | ||
| Q3 25 | 8.1% | 28.6% | ||
| Q2 25 | 6.6% | 30.5% | ||
| Q1 25 | 6.5% | 27.0% | ||
| Q4 24 | 11.0% | 28.8% | ||
| Q3 24 | 7.3% | 27.4% | ||
| Q2 24 | 9.5% | 27.9% |
| Q1 26 | — | $2.87 | ||
| Q4 25 | $2.97 | $3.12 | ||
| Q3 25 | $1.93 | $3.01 | ||
| Q2 25 | $1.54 | $3.15 | ||
| Q1 25 | $1.40 | $2.70 | ||
| Q4 24 | $2.41 | $2.91 | ||
| Q3 24 | $1.55 | $2.75 | ||
| Q2 24 | $1.97 | $2.74 |
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 | $735.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $6.5B | — |
| Total Assets | $29.9B | $69.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $735.0M | ||
| Q4 25 | $2.1B | $1.3B | ||
| Q3 25 | $2.0B | $808.0M | ||
| Q2 25 | $2.2B | $1.1B | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | $1.8B | $1.0B | ||
| Q3 24 | $1.7B | $947.0M | ||
| Q2 24 | $1.7B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | $30.3B | ||
| Q3 25 | — | $30.3B | ||
| Q2 25 | — | $30.3B | ||
| Q1 25 | — | $30.6B | ||
| Q4 24 | — | $29.8B | ||
| Q3 24 | — | $29.8B | ||
| Q2 24 | — | $31.2B |
| Q1 26 | — | — | ||
| Q4 25 | $6.5B | $18.5B | ||
| Q3 25 | $6.2B | $17.3B | ||
| Q2 25 | $5.8B | $16.3B | ||
| Q1 25 | $6.0B | $16.0B | ||
| Q4 24 | $6.1B | $16.9B | ||
| Q3 24 | $7.0B | $16.6B | ||
| Q2 24 | $6.7B | $16.5B |
| Q1 26 | — | $69.6B | ||
| Q4 25 | $29.9B | $69.7B | ||
| Q3 25 | $28.7B | $68.6B | ||
| Q2 25 | $28.6B | $68.6B | ||
| Q1 25 | $27.3B | $68.5B | ||
| Q4 24 | $26.9B | $67.7B | ||
| Q3 24 | $27.2B | $67.6B | ||
| Q2 24 | $26.4B | $67.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.64× | ||
| Q3 25 | — | 1.75× | ||
| Q2 25 | — | 1.86× | ||
| Q1 25 | — | 1.91× | ||
| Q4 24 | — | 1.76× | ||
| Q3 24 | — | 1.79× | ||
| Q2 24 | — | 1.89× |
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 | $631.0M |
| FCF MarginFCF / Revenue | 12.9% | 10.1% |
| Capex IntensityCapex / Revenue | 4.0% | — |
| Cash ConversionOCF / Net Profit | 1.43× | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.1B | $4.8B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $735.0M | $2.2B | ||
| Q3 25 | $908.0M | $2.5B | ||
| Q2 25 | $443.0M | $2.3B | ||
| Q1 25 | $568.0M | $2.2B | ||
| Q4 24 | $885.0M | $2.7B | ||
| Q3 24 | $721.0M | $2.7B | ||
| Q2 24 | $588.0M | $1.9B |
| Q1 26 | — | $631.0M | ||
| Q4 25 | $561.0M | $1.2B | ||
| Q3 25 | $772.0M | $1.6B | ||
| Q2 25 | $292.0M | $1.4B | ||
| Q1 25 | $426.0M | $1.3B | ||
| Q4 24 | $721.0M | $1.7B | ||
| Q3 24 | $571.0M | $1.8B | ||
| Q2 24 | $445.0M | $1.0B |
| Q1 26 | — | 10.1% | ||
| Q4 25 | 12.9% | 20.1% | ||
| Q3 25 | 18.8% | 25.2% | ||
| Q2 25 | 7.3% | 22.7% | ||
| Q1 25 | 11.1% | 21.6% | ||
| Q4 24 | 18.2% | 28.4% | ||
| Q3 24 | 14.7% | 29.9% | ||
| Q2 24 | 11.7% | 16.8% |
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 16.4% | ||
| Q3 25 | 3.3% | 15.2% | ||
| Q2 25 | 3.8% | 15.2% | ||
| Q1 25 | 3.7% | 15.0% | ||
| Q4 24 | 4.1% | 15.1% | ||
| Q3 24 | 3.9% | 13.6% | ||
| Q2 24 | 3.7% | 15.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.43× | 1.20× | ||
| Q3 25 | 2.74× | 1.41× | ||
| Q2 25 | 1.67× | 1.24× | ||
| Q1 25 | 2.28× | 1.36× | ||
| Q4 24 | 2.03× | 1.51× | ||
| Q3 24 | 2.53× | 1.59× | ||
| Q2 24 | 1.62× | 1.14× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IQV
Segment breakdown not available.
UNP
| Freight revenues | $5.9B | 95% |
| Other revenues | $324.0M | 5% |
