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艾昆纬（IQV）与拉夫劳伦（RL）财务数据对比。点击上方公司名可切换其他公司
艾昆纬的季度营收约是拉夫劳伦的1.8倍（$4.4B vs $2.4B），拉夫劳伦净利率更高（15.0% vs 11.8%，领先3.3%），拉夫劳伦同比增速更快（12.2% vs 10.3%），拉夫劳伦自由现金流更多（$704.0M vs $561.0M），过去两年拉夫劳伦的营收复合增速更高（23.9% vs 8.1%）
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。
拉夫劳伦是源自美国的跨国时尚巨头，旗下同名高端时尚品牌风靡全球，企业规模达数十亿美元。品牌创始人拉夫劳伦于2015年9月卸任首席执行官，仍留任执行董事长兼首席创意官，主导品牌创意与整体发展方向。
IQV vs RL — 直观对比
营收规模更大
IQV
是对方的1.8倍
$2.4B
营收增速更快
RL
高出2.0%
10.3%
净利率更高
RL
高出3.3%
11.8%
自由现金流更多
RL
多$143.0M
$561.0M
两年增速更快
RL
近两年复合增速
8.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.4B | $2.4B |
| 净利润 | $514.0M | $361.6M |
| 毛利率 | — | 69.9% |
| 营业利润率 | 14.4% | 19.6% |
| 净利率 | 11.8% | 15.0% |
| 营收同比 | 10.3% | 12.2% |
| 净利润同比 | 17.6% | 21.6% |
| 每股收益（稀释后） | $2.97 | $5.82 |
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IQVRL
| Q4 25 | $4.4B | $2.4B | ||
| Q3 25 | $4.1B | $2.0B | ||
| Q2 25 | $4.0B | $1.7B | ||
| Q1 25 | $3.8B | $1.7B | ||
| Q4 24 | $4.0B | $2.1B | ||
| Q3 24 | $3.9B | $1.7B | ||
| Q2 24 | $3.8B | $1.5B | ||
| Q1 24 | $3.7B | $1.6B |
净利润IQVRL
| Q4 25 | $514.0M | $361.6M | ||
| Q3 25 | $331.0M | $207.5M | ||
| Q2 25 | $266.0M | $220.4M | ||
| Q1 25 | $249.0M | $129.0M | ||
| Q4 24 | $437.0M | $297.4M | ||
| Q3 24 | $285.0M | $147.9M | ||
| Q2 24 | $363.0M | $168.6M | ||
| Q1 24 | $288.0M | $90.7M |
毛利率IQVRL
| Q4 25 | — | 69.9% | ||
| Q3 25 | — | 68.0% | ||
| Q2 25 | — | 72.3% | ||
| Q1 25 | — | 68.7% | ||
| Q4 24 | — | 68.4% | ||
| Q3 24 | 23.5% | 67.0% | ||
| Q2 24 | 22.6% | 70.5% | ||
| Q1 24 | 22.1% | 66.6% |
营业利润率IQVRL
| Q4 25 | 14.4% | 19.6% | ||
| Q3 25 | 13.5% | 12.2% | ||
| Q2 25 | 12.6% | 15.9% | ||
| Q1 25 | 13.0% | 9.1% | ||
| Q4 24 | 15.8% | 18.2% | ||
| Q3 24 | 14.1% | 10.4% | ||
| Q2 24 | 13.6% | 13.8% | ||
| Q1 24 | 13.5% | 6.9% |
净利率IQVRL
| Q4 25 | 11.8% | 15.0% | ||
| Q3 25 | 8.1% | 10.3% | ||
| Q2 25 | 6.6% | 12.8% | ||
| Q1 25 | 6.5% | 7.6% | ||
| Q4 24 | 11.0% | 13.9% | ||
| Q3 24 | 7.3% | 8.6% | ||
| Q2 24 | 9.5% | 11.1% | ||
| Q1 24 | 7.7% | 5.8% |
每股收益（稀释后）IQVRL
| Q4 25 | $2.97 | $5.82 | ||
| Q3 25 | $1.93 | $3.32 | ||
| Q2 25 | $1.54 | $3.52 | ||
| Q1 25 | $1.40 | $2.03 | ||
| Q4 24 | $2.41 | $4.66 | ||
| Q3 24 | $1.55 | $2.31 | ||
| Q2 24 | $1.97 | $2.61 | ||
| Q1 24 | $1.56 | $1.37 |
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 | $2.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.5B | $2.9B |
| 总资产 | $29.9B | $7.8B |
| 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IQVRL
| Q4 25 | $2.1B | $2.3B | ||
| Q3 25 | $2.0B | $1.6B | ||
| Q2 25 | $2.2B | $2.3B | ||
| Q1 25 | $1.9B | $2.1B | ||
| Q4 24 | $1.8B | $2.1B | ||
| Q3 24 | $1.7B | $1.7B | ||
| Q2 24 | $1.7B | $1.8B | ||
| Q1 24 | $1.6B | $1.8B |
股东权益IQVRL
| Q4 25 | $6.5B | $2.9B | ||
| Q3 25 | $6.2B | $2.6B | ||
| Q2 25 | $5.8B | $2.5B | ||
| Q1 25 | $6.0B | $2.6B | ||
| Q4 24 | $6.1B | $2.5B | ||
| Q3 24 | $7.0B | $2.4B | ||
| Q2 24 | $6.7B | $2.4B | ||
| Q1 24 | $6.3B | $2.5B |
总资产IQVRL
| Q4 25 | $29.9B | $7.8B | ||
| Q3 25 | $28.7B | $7.3B | ||
| Q2 25 | $28.6B | $7.8B | ||
| Q1 25 | $27.3B | $7.0B | ||
| Q4 24 | $26.9B | $7.1B | ||
| Q3 24 | $27.2B | $6.8B | ||
| Q2 24 | $26.4B | $6.6B | ||
| Q1 24 | $26.6B | $6.6B |
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 | $779.6M |
| 自由现金流经营现金流 - 资本支出 | $561.0M | $704.0M |
| 自由现金流率自由现金流/营收 | 12.9% | 29.3% |
| 资本支出强度资本支出/营收 | 4.0% | 3.1% |
| 现金转化率经营现金流/净利润 | 1.43× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $2.1B | $694.5M |
8季度趋势，按日历期对齐
经营现金流IQVRL
| Q4 25 | $735.0M | $779.6M | ||
| Q3 25 | $908.0M | $53.2M | ||
| Q2 25 | $443.0M | $176.1M | ||
| Q1 25 | $568.0M | $122.2M | ||
| Q4 24 | $885.0M | $738.4M | ||
| Q3 24 | $721.0M | $97.2M | ||
| Q2 24 | $588.0M | $277.3M | ||
| Q1 24 | $522.0M | — |
自由现金流IQVRL
| Q4 25 | $561.0M | $704.0M | ||
| Q3 25 | $772.0M | $-40.6M | ||
| Q2 25 | $292.0M | $-11.2M | ||
| Q1 25 | $426.0M | $42.3M | ||
| Q4 24 | $721.0M | $677.2M | ||
| Q3 24 | $571.0M | $55.5M | ||
| Q2 24 | $445.0M | $243.9M | ||
| Q1 24 | $377.0M | — |
自由现金流率IQVRL
| Q4 25 | 12.9% | 29.3% | ||
| Q3 25 | 18.8% | -2.0% | ||
| Q2 25 | 7.3% | -0.7% | ||
| Q1 25 | 11.1% | 2.5% | ||
| Q4 24 | 18.2% | 31.6% | ||
| Q3 24 | 14.7% | 3.2% | ||
| Q2 24 | 11.7% | 16.1% | ||
| Q1 24 | 10.1% | — |
资本支出强度IQVRL
| Q4 25 | 4.0% | 3.1% | ||
| Q3 25 | 3.3% | 4.7% | ||
| Q2 25 | 3.8% | 10.9% | ||
| Q1 25 | 3.7% | 4.7% | ||
| Q4 24 | 4.1% | 2.9% | ||
| Q3 24 | 3.9% | 2.4% | ||
| Q2 24 | 3.7% | 2.2% | ||
| Q1 24 | 3.9% | — |
现金转化率IQVRL
| Q4 25 | 1.43× | 2.16× | ||
| Q3 25 | 2.74× | 0.26× | ||
| Q2 25 | 1.67× | 0.80× | ||
| Q1 25 | 2.28× | 0.95× | ||
| Q4 24 | 2.03× | 2.48× | ||
| Q3 24 | 2.53× | 0.66× | ||
| Q2 24 | 1.62× | 1.64× | ||
| Q1 24 | 1.81× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
