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Side-by-side financial comparison of IQVIA (IQV) and WHIRLPOOL CORP (WHR). Click either name above to swap in a different company.

IQVIA is the larger business by last-quarter revenue ($4.4B vs $4.1B, roughly 1.1× WHIRLPOOL CORP). IQVIA runs the higher net margin — 11.8% vs 2.7%, a 9.1% gap on every dollar of revenue. On growth, IQVIA posted the faster year-over-year revenue change (10.3% vs -0.9%). WHIRLPOOL CORP produced more free cash flow last quarter ($989.0M vs $561.0M). Over the past eight quarters, IQVIA's revenue compounded faster (8.1% CAGR vs -4.5%).

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

Whirlpool Corporation is an American multinational manufacturer and marketer of home appliances headquartered in Benton Charter Township, Michigan, United States. In 2023, the Fortune 500 company had an annual revenue of approximately $19 billion in sales, around 59,000 employees, and more than 55 manufacturing and technology research centers globally.

IQV vs WHR — Head-to-Head

Bigger by revenue
IQV
IQV
1.1× larger
IQV
$4.4B
$4.1B
WHR
Growing faster (revenue YoY)
IQV
IQV
+11.2% gap
IQV
10.3%
-0.9%
WHR
Higher net margin
IQV
IQV
9.1% more per $
IQV
11.8%
2.7%
WHR
More free cash flow
WHR
WHR
$428.0M more FCF
WHR
$989.0M
$561.0M
IQV
Faster 2-yr revenue CAGR
IQV
IQV
Annualised
IQV
8.1%
-4.5%
WHR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IQV
IQV
WHR
WHR
Revenue
$4.4B
$4.1B
Net Profit
$514.0M
$109.0M
Gross Margin
14.0%
Operating Margin
14.4%
6.0%
Net Margin
11.8%
2.7%
Revenue YoY
10.3%
-0.9%
Net Profit YoY
17.6%
127.8%
EPS (diluted)
$2.97
$1.92

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
WHR
WHR
Q4 25
$4.4B
$4.1B
Q3 25
$4.1B
$4.0B
Q2 25
$4.0B
$3.8B
Q1 25
$3.8B
$3.6B
Q4 24
$4.0B
$4.1B
Q3 24
$3.9B
$4.0B
Q2 24
$3.8B
$4.0B
Q1 24
$3.7B
$4.5B
Net Profit
IQV
IQV
WHR
WHR
Q4 25
$514.0M
$109.0M
Q3 25
$331.0M
$73.0M
Q2 25
$266.0M
$65.0M
Q1 25
$249.0M
$71.0M
Q4 24
$437.0M
$-392.0M
Q3 24
$285.0M
$109.0M
Q2 24
$363.0M
$219.0M
Q1 24
$288.0M
$-259.0M
Gross Margin
IQV
IQV
WHR
WHR
Q4 25
14.0%
Q3 25
14.7%
Q2 25
16.2%
Q1 25
16.8%
Q4 24
16.2%
Q3 24
23.5%
16.1%
Q2 24
22.6%
15.7%
Q1 24
22.1%
14.3%
Operating Margin
IQV
IQV
WHR
WHR
Q4 25
14.4%
6.0%
Q3 25
13.5%
5.1%
Q2 25
12.6%
5.4%
Q1 25
13.0%
5.1%
Q4 24
15.8%
-3.3%
Q3 24
14.1%
6.6%
Q2 24
13.6%
3.3%
Q1 24
13.5%
-2.6%
Net Margin
IQV
IQV
WHR
WHR
Q4 25
11.8%
2.7%
Q3 25
8.1%
1.8%
Q2 25
6.6%
1.7%
Q1 25
6.5%
2.0%
Q4 24
11.0%
-9.5%
Q3 24
7.3%
2.7%
Q2 24
9.5%
5.5%
Q1 24
7.7%
-5.8%
EPS (diluted)
IQV
IQV
WHR
WHR
Q4 25
$2.97
$1.92
Q3 25
$1.93
$1.29
Q2 25
$1.54
$1.17
Q1 25
$1.40
$1.28
Q4 24
$2.41
$-7.11
Q3 24
$1.55
$2.00
Q2 24
$1.97
$3.96
Q1 24
$1.56
$-4.72

Balance Sheet & Financial Strength

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

Metric
IQV
IQV
WHR
WHR
Cash + ST InvestmentsLiquidity on hand
$2.1B
$669.0M
Total DebtLower is stronger
$6.2B
Stockholders' EquityBook value
$6.5B
$2.7B
Total Assets
$29.9B
$16.0B
Debt / EquityLower = less leverage
2.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IQV
IQV
WHR
WHR
Q4 25
$2.1B
$669.0M
Q3 25
$2.0B
$934.0M
Q2 25
$2.2B
$1.1B
Q1 25
$1.9B
$1.0B
Q4 24
$1.8B
$1.3B
Q3 24
$1.7B
$1.1B
Q2 24
$1.7B
$1.2B
Q1 24
$1.6B
$1.2B
Total Debt
IQV
IQV
WHR
WHR
Q4 25
$6.2B
Q3 25
Q2 25
Q1 25
Q4 24
$6.6B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
IQV
IQV
WHR
WHR
Q4 25
$6.5B
$2.7B
Q3 25
$6.2B
$2.6B
Q2 25
$5.8B
$2.6B
Q1 25
$6.0B
$2.6B
Q4 24
$6.1B
$2.7B
Q3 24
$7.0B
$3.0B
Q2 24
$6.7B
$3.1B
Q1 24
$6.3B
$2.4B
Total Assets
IQV
IQV
WHR
WHR
Q4 25
$29.9B
$16.0B
Q3 25
$28.7B
$16.9B
Q2 25
$28.6B
$16.8B
Q1 25
$27.3B
$16.5B
Q4 24
$26.9B
$16.3B
Q3 24
$27.2B
$17.2B
Q2 24
$26.4B
$17.3B
Q1 24
$26.6B
$17.4B
Debt / Equity
IQV
IQV
WHR
WHR
Q4 25
2.26×
Q3 25
Q2 25
Q1 25
Q4 24
2.46×
Q3 24
Q2 24
Q1 24

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
WHR
WHR
Operating Cash FlowLast quarter
$735.0M
$1.1B
Free Cash FlowOCF − Capex
$561.0M
$989.0M
FCF MarginFCF / Revenue
12.9%
24.1%
Capex IntensityCapex / Revenue
4.0%
3.7%
Cash ConversionOCF / Net Profit
1.43×
10.45×
TTM Free Cash FlowTrailing 4 quarters
$2.1B
$81.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IQV
IQV
WHR
WHR
Q4 25
$735.0M
$1.1B
Q3 25
$908.0M
$33.0M
Q2 25
$443.0M
$19.0M
Q1 25
$568.0M
$-721.0M
Q4 24
$885.0M
$1.1B
Q3 24
$721.0M
$214.0M
Q2 24
$588.0M
$388.0M
Q1 24
$522.0M
$-873.0M
Free Cash Flow
IQV
IQV
WHR
WHR
Q4 25
$561.0M
$989.0M
Q3 25
$772.0M
$-52.0M
Q2 25
$292.0M
$-63.0M
Q1 25
$426.0M
$-793.0M
Q4 24
$721.0M
$970.0M
Q3 24
$571.0M
$127.0M
Q2 24
$445.0M
$275.0M
Q1 24
$377.0M
$-988.0M
FCF Margin
IQV
IQV
WHR
WHR
Q4 25
12.9%
24.1%
Q3 25
18.8%
-1.3%
Q2 25
7.3%
-1.7%
Q1 25
11.1%
-21.9%
Q4 24
18.2%
23.5%
Q3 24
14.7%
3.2%
Q2 24
11.7%
6.9%
Q1 24
10.1%
-22.0%
Capex Intensity
IQV
IQV
WHR
WHR
Q4 25
4.0%
3.7%
Q3 25
3.3%
2.1%
Q2 25
3.8%
2.2%
Q1 25
3.7%
2.0%
Q4 24
4.1%
3.3%
Q3 24
3.9%
2.2%
Q2 24
3.7%
2.8%
Q1 24
3.9%
2.6%
Cash Conversion
IQV
IQV
WHR
WHR
Q4 25
1.43×
10.45×
Q3 25
2.74×
0.45×
Q2 25
1.67×
0.29×
Q1 25
2.28×
-10.15×
Q4 24
2.03×
Q3 24
2.53×
1.96×
Q2 24
1.62×
1.77×
Q1 24
1.81×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IQV
IQV

Segment breakdown not available.

WHR
WHR

Refrigeration$1.2B30%
Laundry$1.1B27%
Cooking$1.1B26%
Dishwashing$299.0M7%
Other$266.0M6%
Spare Parts And Warranties$139.0M3%

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