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Side-by-side financial comparison of IQVIA (IQV) and Block, Inc. (XYZ). Click either name above to swap in a different company.
Block, Inc. is the larger business by last-quarter revenue ($6.3B vs $4.4B, roughly 1.4× IQVIA). IQVIA runs the higher net margin — 11.8% vs 1.9%, a 9.9% gap on every dollar of revenue. On growth, IQVIA posted the faster year-over-year revenue change (10.3% vs 3.6%). Block, Inc. produced more free cash flow last quarter ($579.8M vs $561.0M). Over the past eight quarters, IQVIA's revenue compounded faster (8.1% CAGR vs 2.4%).
IQVIA Holdings, Inc., headquartered in Durham, North Carolina, is an American company focused on health information technology and clinical research.
Block, Inc. is an American technology company and a financial services provider for consumers and merchants. Founded in 2009 by Jack Dorsey, it is the U.S. market leader in point-of-sale systems. As of 2024, Block serves 57 million users and 4 million sellers, processing $241 billion in payments annually.
IQV vs XYZ — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.4B | $6.3B |
| Net Profit | $514.0M | $115.8M |
| Gross Margin | — | 45.9% |
| Operating Margin | 14.4% | 7.8% |
| Net Margin | 11.8% | 1.9% |
| Revenue YoY | 10.3% | 3.6% |
| Net Profit YoY | 17.6% | -94.1% |
| EPS (diluted) | $2.97 | $0.19 |
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 | $6.3B | ||
| Q3 25 | $4.1B | $6.1B | ||
| Q2 25 | $4.0B | $6.1B | ||
| Q1 25 | $3.8B | $5.8B | ||
| Q4 24 | $4.0B | $6.0B | ||
| Q3 24 | $3.9B | $6.0B | ||
| Q2 24 | $3.8B | $6.2B | ||
| Q1 24 | $3.7B | $6.0B |
| Q4 25 | $514.0M | $115.8M | ||
| Q3 25 | $331.0M | $461.5M | ||
| Q2 25 | $266.0M | $538.5M | ||
| Q1 25 | $249.0M | $189.9M | ||
| Q4 24 | $437.0M | $1.9B | ||
| Q3 24 | $285.0M | $283.8M | ||
| Q2 24 | $363.0M | $195.3M | ||
| Q1 24 | $288.0M | $472.0M |
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 43.5% | ||
| Q2 25 | — | 41.9% | ||
| Q1 25 | — | 39.7% | ||
| Q4 24 | — | 38.3% | ||
| Q3 24 | 23.5% | 37.6% | ||
| Q2 24 | 22.6% | 36.3% | ||
| Q1 24 | 22.1% | 35.2% |
| Q4 25 | 14.4% | 7.8% | ||
| Q3 25 | 13.5% | 6.7% | ||
| Q2 25 | 12.6% | 8.0% | ||
| Q1 25 | 13.0% | 5.7% | ||
| Q4 24 | 15.8% | 0.2% | ||
| Q3 24 | 14.1% | 5.4% | ||
| Q2 24 | 13.6% | 5.0% | ||
| Q1 24 | 13.5% | 4.2% |
| Q4 25 | 11.8% | 1.9% | ||
| Q3 25 | 8.1% | 7.5% | ||
| Q2 25 | 6.6% | 8.9% | ||
| Q1 25 | 6.5% | 3.3% | ||
| Q4 24 | 11.0% | 32.3% | ||
| Q3 24 | 7.3% | 4.7% | ||
| Q2 24 | 9.5% | 3.2% | ||
| Q1 24 | 7.7% | 7.9% |
| Q4 25 | $2.97 | $0.19 | ||
| Q3 25 | $1.93 | $0.74 | ||
| Q2 25 | $1.54 | $0.87 | ||
| Q1 25 | $1.40 | $0.30 | ||
| Q4 24 | $2.41 | $3.06 | ||
| Q3 24 | $1.55 | $0.45 | ||
| Q2 24 | $1.97 | $0.31 | ||
| Q1 24 | $1.56 | $0.74 |
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 | $6.6B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $6.5B | $22.2B |
| Total Assets | $29.9B | $39.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.1B | $6.6B | ||
| Q3 25 | $2.0B | $8.3B | ||
| Q2 25 | $2.2B | $6.4B | ||
| Q1 25 | $1.9B | $7.1B | ||
| Q4 24 | $1.8B | $8.1B | ||
| Q3 24 | $1.7B | $8.3B | ||
| Q2 24 | $1.7B | $7.8B | ||
| Q1 24 | $1.6B | $5.8B |
| Q4 25 | — | — | ||
| Q3 25 | — | $7.3B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.1B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.1B | ||
| Q2 24 | — | $6.1B | ||
| Q1 24 | — | $4.1B |
| Q4 25 | $6.5B | $22.2B | ||
| Q3 25 | $6.2B | $22.5B | ||
| Q2 25 | $5.8B | $22.2B | ||
| Q1 25 | $6.0B | $21.5B | ||
| Q4 24 | $6.1B | $21.3B | ||
| Q3 24 | $7.0B | $19.9B | ||
| Q2 24 | $6.7B | $19.3B | ||
| Q1 24 | $6.3B | $19.0B |
| Q4 25 | $29.9B | $39.5B | ||
| Q3 25 | $28.7B | $39.2B | ||
| Q2 25 | $28.6B | $36.9B | ||
| Q1 25 | $27.3B | $36.4B | ||
| Q4 24 | $26.9B | $36.8B | ||
| Q3 24 | $27.2B | $36.4B | ||
| Q2 24 | $26.4B | $37.5B | ||
| Q1 24 | $26.6B | $35.6B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.32× | ||
| Q2 25 | — | 0.23× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 0.31× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | 0.22× |
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 | $621.0M |
| Free Cash FlowOCF − Capex | $561.0M | $579.8M |
| FCF MarginFCF / Revenue | 12.9% | 9.3% |
| Capex IntensityCapex / Revenue | 4.0% | 0.7% |
| Cash ConversionOCF / Net Profit | 1.43× | 5.36× |
| TTM Free Cash FlowTrailing 4 quarters | $2.1B | $2.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $735.0M | $621.0M | ||
| Q3 25 | $908.0M | $1.5B | ||
| Q2 25 | $443.0M | $374.3M | ||
| Q1 25 | $568.0M | $133.3M | ||
| Q4 24 | $885.0M | $13.8M | ||
| Q3 24 | $721.0M | $684.8M | ||
| Q2 24 | $588.0M | $519.4M | ||
| Q1 24 | $522.0M | $489.4M |
| Q4 25 | $561.0M | $579.8M | ||
| Q3 25 | $772.0M | $1.4B | ||
| Q2 25 | $292.0M | $343.0M | ||
| Q1 25 | $426.0M | $101.5M | ||
| Q4 24 | $721.0M | $-13.2M | ||
| Q3 24 | $571.0M | $628.2M | ||
| Q2 24 | $445.0M | $481.0M | ||
| Q1 24 | $377.0M | $457.4M |
| Q4 25 | 12.9% | 9.3% | ||
| Q3 25 | 18.8% | 22.9% | ||
| Q2 25 | 7.3% | 5.7% | ||
| Q1 25 | 11.1% | 1.8% | ||
| Q4 24 | 18.2% | -0.2% | ||
| Q3 24 | 14.7% | 10.5% | ||
| Q2 24 | 11.7% | 7.8% | ||
| Q1 24 | 10.1% | 7.7% |
| Q4 25 | 4.0% | 0.7% | ||
| Q3 25 | 3.3% | 0.8% | ||
| Q2 25 | 3.8% | 0.5% | ||
| Q1 25 | 3.7% | 0.6% | ||
| Q4 24 | 4.1% | 0.4% | ||
| Q3 24 | 3.9% | 0.9% | ||
| Q2 24 | 3.7% | 0.6% | ||
| Q1 24 | 3.9% | 0.5% |
| Q4 25 | 1.43× | 5.36× | ||
| Q3 25 | 2.74× | 3.14× | ||
| Q2 25 | 1.67× | 0.70× | ||
| Q1 25 | 2.28× | 0.70× | ||
| Q4 24 | 2.03× | 0.01× | ||
| Q3 24 | 2.53× | 2.41× | ||
| Q2 24 | 1.62× | 2.66× | ||
| Q1 24 | 1.81× | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IQV
Segment breakdown not available.
XYZ
| US | $5.7B | 91% |
| Non Us | $560.9M | 9% |
