Pricing Log in Create free account

IQVIA Holdings Inc. (IQV) vs Waters Corporation (WAT)

IQVIA Holdings Inc. and Waters Corporation are both Diagnostics & Research companies. IQVIA Holdings Inc. and Waters Corporation are of similar size ($44.5B and $43.7B). IQVIA Holdings Inc. trades at the lower P/E: 31.8× against 194×. Waters Corporation grew revenue faster over the last twelve months: 80.7% against 8.85%. IQVIA Holdings Inc. has the higher net margin (8.05% vs 1.76%) and the higher return on invested capital (6.79% vs 1.13%). Across the 22 metrics below, IQVIA Holdings Inc. leads on 17 and Waters Corporation on 5.

Valuation

Metric IQV WAT Diagnostics & Research median
P/E 31.77 193.97 34.52
P/S 2.52 7.96 4.24
P/B 6.42 2.94 3.42
Price to free cash flow 20.96 172.93 33.51
EV/EBITDA 16.54 51.94 23.44
EV/Sales 3.31 8.73 5.18
Earnings yield 3.15% 0.52% (1.50%)
Free cash flow yield 4.77% 0.58% 0.00%

Profitability

Metric IQV WAT Diagnostics & Research median
Gross margin 33.07% 49.53% 48.32%
Operating margin 12.82% 4.73% (5.68%)
Net margin 8.05% 1.76% (4.10%)
Free cash flow margin 12.01% 4.60% 0.00%
Return on equity 21.32% 0.00% 0.00%
Return on assets 4.71% 0.68% (6.05%)
Return on invested capital 6.79% 1.13% 0.00%

Growth

Metric IQV WAT Diagnostics & Research median
Revenue growth (TTM) 8.85% 80.69% 8.99%
EPS growth (last fiscal year) 4.67% 0.47% 20.36%
Revenue growth, 5-year CAGR 7.50% 6.00% 7.30%
Net income growth, 5-year CAGR 37.27% 4.26% 0.00%

Health

Metric IQV WAT Diagnostics & Research median
Debt to equity 2.37 0.00 0.01
Current ratio 0.83 0.66 2.27
Net debt to EBITDA 4.06 0.36 0.68

Dividend

Metric IQV WAT Diagnostics & Research median
Dividend yield — — 0.67%
Payout ratio — — 0.20

Size

Metric IQV WAT Diagnostics & Research median
Market cap 43.65b 44.51b 2.22b

Compare with another peer

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