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艾昆纬（IQV）与贝宝（PYPL）财务数据对比。点击上方公司名可切换其他公司
贝宝的季度营收约是艾昆纬的2.0倍（$8.7B vs $4.4B），贝宝净利率更高（16.6% vs 11.8%，领先4.8%），艾昆纬同比增速更快（10.3% vs 3.7%），贝宝自由现金流更多（$2.2B vs $561.0M），过去两年艾昆纬的营收复合增速更高（8.1% vs 6.2%）
艾昆纬控股（IQVIA Holdings Inc.）总部位于美国北卡罗来纳州达勒姆，是专注于医疗信息技术与临床研究领域的知名企业。公司依托专业技术优势与行业资源积累，为医疗健康、医药研发等领域客户提供专业解决方案与服务支持，助力产业创新发展。
贝宝控股（PayPal Holdings, Inc.）是美国跨国金融科技企业，在全球多数支持线上转账的国家运营在线支付系统，可作为支票、汇票等传统纸质支付方式的电子替代选项，同时为线上商户、拍卖网站及各类商业用户提供支付处理服务。
IQV vs PYPL — 直观对比
营收规模更大
PYPL
是对方的2.0倍
$4.4B
营收增速更快
IQV
高出6.6%
3.7%
净利率更高
PYPL
高出4.8%
11.8%
自由现金流更多
PYPL
多$1.6B
$561.0M
两年增速更快
IQV
近两年复合增速
6.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.4B | $8.7B |
| 净利润 | $514.0M | $1.4B |
| 毛利率 | — | — |
| 营业利润率 | 14.4% | 17.4% |
| 净利率 | 11.8% | 16.6% |
| 营收同比 | 10.3% | 3.7% |
| 净利润同比 | 17.6% | 28.2% |
| 每股收益（稀释后） | $2.97 | $1.53 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收IQVPYPL
| Q4 25 | $4.4B | $8.7B | ||
| Q3 25 | $4.1B | $8.4B | ||
| Q2 25 | $4.0B | $8.3B | ||
| Q1 25 | $3.8B | $7.8B | ||
| Q4 24 | $4.0B | $8.4B | ||
| Q3 24 | $3.9B | $7.8B | ||
| Q2 24 | $3.8B | $7.9B | ||
| Q1 24 | $3.7B | $7.7B |
净利润IQVPYPL
| Q4 25 | $514.0M | $1.4B | ||
| Q3 25 | $331.0M | $1.2B | ||
| Q2 25 | $266.0M | $1.3B | ||
| Q1 25 | $249.0M | $1.3B | ||
| Q4 24 | $437.0M | $1.1B | ||
| Q3 24 | $285.0M | $1.0B | ||
| Q2 24 | $363.0M | $1.1B | ||
| Q1 24 | $288.0M | $888.0M |
毛利率IQVPYPL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 23.5% | — | ||
| Q2 24 | 22.6% | — | ||
| Q1 24 | 22.1% | — |
营业利润率IQVPYPL
| Q4 25 | 14.4% | 17.4% | ||
| Q3 25 | 13.5% | 18.1% | ||
| Q2 25 | 12.6% | 18.1% | ||
| Q1 25 | 13.0% | 19.6% | ||
| Q4 24 | 15.8% | 17.2% | ||
| Q3 24 | 14.1% | 17.7% | ||
| Q2 24 | 13.6% | 16.8% | ||
| Q1 24 | 13.5% | 15.2% |
净利率IQVPYPL
| Q4 25 | 11.8% | 16.6% | ||
| Q3 25 | 8.1% | 14.8% | ||
| Q2 25 | 6.6% | 15.2% | ||
| Q1 25 | 6.5% | 16.5% | ||
| Q4 24 | 11.0% | 13.4% | ||
| Q3 24 | 7.3% | 12.9% | ||
| Q2 24 | 9.5% | 14.3% | ||
| Q1 24 | 7.7% | 11.5% |
每股收益（稀释后）IQVPYPL
| Q4 25 | $2.97 | $1.53 | ||
| Q3 25 | $1.93 | $1.30 | ||
| Q2 25 | $1.54 | $1.29 | ||
| Q1 25 | $1.40 | $1.29 | ||
| Q4 24 | $2.41 | $1.09 | ||
| Q3 24 | $1.55 | $0.99 | ||
| Q2 24 | $1.97 | $1.08 | ||
| Q1 24 | $1.56 | $0.83 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $2.1B | $10.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.5B | $20.3B |
| 总资产 | $29.9B | $80.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资IQVPYPL
| Q4 25 | $2.1B | $10.4B | ||
| Q3 25 | $2.0B | $10.8B | ||
| Q2 25 | $2.2B | $10.0B | ||
| Q1 25 | $1.9B | $11.2B | ||
| Q4 24 | $1.8B | $10.8B | ||
| Q3 24 | $1.7B | $11.9B | ||
| Q2 24 | $1.7B | $13.6B | ||
| Q1 24 | $1.6B | $14.3B |
股东权益IQVPYPL
| Q4 25 | $6.5B | $20.3B | ||
| Q3 25 | $6.2B | $20.2B | ||
| Q2 25 | $5.8B | $20.2B | ||
| Q1 25 | $6.0B | $20.3B | ||
| Q4 24 | $6.1B | $20.4B | ||
| Q3 24 | $7.0B | $20.2B | ||
| Q2 24 | $6.7B | $20.6B | ||
| Q1 24 | $6.3B | $20.7B |
总资产IQVPYPL
| Q4 25 | $29.9B | $80.2B | ||
| Q3 25 | $28.7B | $79.8B | ||
| Q2 25 | $28.6B | $79.8B | ||
| Q1 25 | $27.3B | $81.3B | ||
| Q4 24 | $26.9B | $81.6B | ||
| Q3 24 | $27.2B | $83.5B | ||
| Q2 24 | $26.4B | $84.0B | ||
| Q1 24 | $26.6B | $83.3B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $735.0M | $2.4B |
| 自由现金流经营现金流 - 资本支出 | $561.0M | $2.2B |
| 自由现金流率自由现金流/营收 | 12.9% | 25.2% |
| 资本支出强度资本支出/营收 | 4.0% | 2.2% |
| 现金转化率经营现金流/净利润 | 1.43× | 1.66× |
| 过去12个月自由现金流最近4个季度 | $2.1B | $5.6B |
8季度趋势，按日历期对齐
经营现金流IQVPYPL
| Q4 25 | $735.0M | $2.4B | ||
| Q3 25 | $908.0M | $2.0B | ||
| Q2 25 | $443.0M | $898.0M | ||
| Q1 25 | $568.0M | $1.2B | ||
| Q4 24 | $885.0M | $2.4B | ||
| Q3 24 | $721.0M | $1.6B | ||
| Q2 24 | $588.0M | $1.5B | ||
| Q1 24 | $522.0M | $1.9B |
自由现金流IQVPYPL
| Q4 25 | $561.0M | $2.2B | ||
| Q3 25 | $772.0M | $1.7B | ||
| Q2 25 | $292.0M | $692.0M | ||
| Q1 25 | $426.0M | $964.0M | ||
| Q4 24 | $721.0M | $2.2B | ||
| Q3 24 | $571.0M | $1.4B | ||
| Q2 24 | $445.0M | $1.4B | ||
| Q1 24 | $377.0M | $1.8B |
自由现金流率IQVPYPL
| Q4 25 | 12.9% | 25.2% | ||
| Q3 25 | 18.8% | 20.4% | ||
| Q2 25 | 7.3% | 8.3% | ||
| Q1 25 | 11.1% | 12.4% | ||
| Q4 24 | 18.2% | 26.2% | ||
| Q3 24 | 14.7% | 18.4% | ||
| Q2 24 | 11.7% | 17.3% | ||
| Q1 24 | 10.1% | 22.9% |
资本支出强度IQVPYPL
| Q4 25 | 4.0% | 2.2% | ||
| Q3 25 | 3.3% | 3.0% | ||
| Q2 25 | 3.8% | 2.5% | ||
| Q1 25 | 3.7% | 2.5% | ||
| Q4 24 | 4.1% | 2.4% | ||
| Q3 24 | 3.9% | 2.2% | ||
| Q2 24 | 3.7% | 2.0% | ||
| Q1 24 | 3.9% | 2.0% |
现金转化率IQVPYPL
| Q4 25 | 1.43× | 1.66× | ||
| Q3 25 | 2.74× | 1.58× | ||
| Q2 25 | 1.67× | 0.71× | ||
| Q1 25 | 2.28× | 0.90× | ||
| Q4 24 | 2.03× | 2.14× | ||
| Q3 24 | 2.53× | 1.60× | ||
| Q2 24 | 1.62× | 1.35× | ||
| Q1 24 | 1.81× | 2.16× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
IQV
暂无分部数据
PYPL
| US | $4.9B | 57% |
| Non Us | $3.7B | 43% |
