Quest Diagnostics Incorporated (DGX) vs IQVIA Holdings Inc. (IQV)

Quest Diagnostics Incorporated and IQVIA Holdings Inc. are both Diagnostics & Research companies. IQVIA Holdings Inc. is the larger, with a market value of $43.7B against $28.0B — 1.6× the size. Quest Diagnostics Incorporated trades at the lower P/E: 25.0× against 31.8×. Quest Diagnostics Incorporated grew revenue faster over the last twelve months: 9.13% against 8.85%. Quest Diagnostics Incorporated has the higher net margin (9.50% vs 8.05%) and the higher return on invested capital (8.48% vs 6.79%). Across the 22 metrics below, Quest Diagnostics Incorporated leads on 18 and IQVIA Holdings Inc. on 4.

Valuation

Metric DGX IQV Diagnostics & Research median
P/E 24.98 31.77 34.52
P/S 2.36 2.52 4.24
P/B 3.52 6.42 3.42
Price to free cash flow 20.34 20.96 33.51
EV/EBITDA 14.18 16.54 23.44
EV/Sales 2.76 3.31 5.18
Earnings yield 4.00% 3.15% (1.50%)
Free cash flow yield 4.92% 4.77% 0.00%

Profitability

Metric DGX IQV Diagnostics & Research median
Gross margin 33.11% 33.07% 48.32%
Operating margin 14.55% 12.82% (5.68%)
Net margin 9.50% 8.05% (4.10%)
Free cash flow margin 11.61% 12.01% 0.00%
Return on equity 14.76% 21.32% 0.00%
Return on assets 6.73% 4.71% (6.05%)
Return on invested capital 8.48% 6.79% 0.00%

Growth

Metric DGX IQV Diagnostics & Research median
Revenue growth (TTM) 9.13% 8.85% 8.99%
EPS growth (last fiscal year) 13.78% 4.67% 20.36%
Revenue growth, 5-year CAGR 3.18% 7.50% 7.30%
Net income growth, 5-year CAGR (7.06%) 37.27% 0.00%

Health

Metric DGX IQV Diagnostics & Research median
Debt to equity 0.70 2.37 0.01
Current ratio 1.70 0.83 2.27
Net debt to EBITDA 2.47 4.06 0.68

Dividend

Metric DGX IQV Diagnostics & Research median
Dividend yield 1.33% — 0.67%
Payout ratio 0.34 — 0.20

Size

Metric DGX IQV Diagnostics & Research median
Market cap 28.03b 43.65b 2.22b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack