Common-Size Income Statement
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- Balance Sheet: Assets
- Common-Size Balance Sheet: Assets
- Analysis of Liquidity Ratios
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2013
- Price to Earnings (P/E) since 2013
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IQVIA Holdings Inc., common-size consolidated income statement (quarterly data)
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
- Cost of Revenues and Gross Profit Trends
- The cost of revenues, excluding depreciation and amortization, generally fluctuates around the mid-60% range of total revenues, varying between approximately 64.38% and 67.59%. Noticeable increases occurred during mid-2020, reaching a peak at 67.59%, followed by a reduction to near 64.38% in early 2023. Correspondingly, gross profit margins exhibit an inverse pattern, ranging mostly between 32% and 36%. The lowest gross margin occurred when cost of revenues peaked, while the highest gross margins occurred when costs were at their lower bound, indicating typical inverse relationship stability over the analyzed periods.
- Selling, General and Administrative Expenses (SG&A)
- SG&A expenses as a percentage of revenues show modest volatility, with a generally downward trend from around 16.5% in 2018 toward approximately 13–14% in 2023. There is a notable dip below 13% during mid-2021 and mid-2023, suggesting periodic efficiency gains or cost-containment initiatives. However, some quarters, such as mid-2020, show spikes up to 17.1%, indicating episodic increases in administrative spending.
- Depreciation and Amortization
- Depreciation and amortization costs consistently represent a significant portion of revenues, mostly fluctuating between 7% and 12%. Starting near 11% in early periods, these costs show a downward trend reaching lows below 7% in 2022 and early 2023, except for occasional increases such as in late 2020 and late 2022. These variations might indicate changes in capital asset base or amortization schedules.
- Restructuring Costs
- Restructuring expenses remain relatively low as a percentage of revenue, mostly below 1%, with occasional quarterly spikes nearing 1%. No clear trend upwards or downwards is evident, indicating that restructuring activities have been sporadic without sustained impact on financial ratios.
- Income from Operations
- Operating income margins show variability, with most quarters ranging from about 5.7% to 14%. A significant dip to 2.46% occurred in mid-2020, likely linked to higher costs during that period. The highest margins were seen in late 2021 and mid-late 2023, nearing or exceeding 14%, reflecting improved operational efficiency or revenue quality in those quarters.
- Interest Income and Expense
- Interest income remains minimal, typically around 0.03% to 0.16% of revenues, with a sharp increase to 0.37% in late 2023. Interest expense generally trends lower from above 4% in early periods to a range closer to 2.5–4.8% across the timeline, with a general rise observed in later quarters. This reflects varying debt costs or refinancing activities. Occasional losses on extinguishment of debt also appear intermittently but do not represent a major recurring cost.
- Other Income (Expense), Net
- Other income (expense) fluctuates, showing both positive and negative values without a definitive trend, generally within ±1% of revenues. Some spikes in positive income occur in 2020 and early 2021, which may indicate non-operational gains or one-time items.
- Pre-Tax Income and Income Tax Expense
- Income before income taxes and equity in earnings consistently shows positive margins except for a notable negative dip in mid-2020 (-0.99%). Margins generally improve from 3.3% in early 2018 to double-digit peaks over 10% in late 2021 and mid-2023, showing improved profitability before taxes. Income tax expense fluctuates with occasional benefits (positive values) and predominantly negative impacts concluding near 1–2% of revenues, occasionally exceeding this in some quarters.
- Net Income and Attributable Earnings
- Net income attributable to the company as a percentage of revenues shows a progressive improvement through the periods. It starts around 2.3–2.7% in 2018, dips briefly to a low of 0.55% in late 2019 and -0.91% in mid-2020, then rises consistently to near 8% in late 2023. This overall upward trend evidences enhanced profitability after all expenses, with recovery following periods of operational and market stress.
- Equity in Earnings of Unconsolidated Affiliates
- The contribution from equity earnings of unconsolidated affiliates experiences minor fluctuations around zero with small positive and negative impacts. No strong trend emerges, indicating a relatively stable but minor influence on overall profitability.