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Iqvia vs Nrc Health: revenue, profit, margins and growth compared

Iqvia brought in $16.3B of revenue in fiscal 2025, Nrc Health $137.4M in fiscal 2025. Revenue changed by +5.9% at Iqvia and -4.0% at Nrc Health on the year before, so Iqvia grew faster. Iqvia kept 8.3% of its revenue as net profit, Nrc Health 8.2%. Free cash flow was $2.1B at Iqvia and $15.7M at Nrc Health.

Side by side, latest fiscal year

IQVNRC
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$16.3B$137.4M
Revenue growth+5.9%-4.0%
Net income$1.4B$11.3M
Net margin8.3%8.2%
Free cash flow$2.1B$15.7M
Free cash flow margin12.6%11.5%
Earnings per share (diluted)$7.84$50.00
Cash$2B$4.1M
Debt$15.7B$79M
Price to earnings34.50.4
Market value$44.5B$432.9M
Dividend yieldn/a2.66%
Rank by revenue in sector#32 of 523 · Health care#278 of 523 · Health care

Over the years

Revenue
IQV FY2018: $10.4BIQV FY2019: $11.1BIQV FY2020: $11.4BIQV FY2021: $13.9BIQV FY2022: $14.4BIQV FY2023: $15BIQV FY2024: $15.4BIQV FY2025: $16.3BNRC FY2018: $119.7MNRC FY2019: $128MNRC FY2020: $133.3MNRC FY2021: $148MNRC FY2022: $151.6MNRC FY2023: $148.6MNRC FY2024: $143.1MNRC FY2025: $137.4MFY18FY19FY20FY21FY22FY23FY24FY25
IQV $16.3BNRC $137.4M
Net income
IQV FY2018: $259MIQV FY2019: $191MIQV FY2020: $279MIQV FY2021: $966MIQV FY2022: $1.1BIQV FY2023: $1.4BIQV FY2024: $1.4BIQV FY2025: $1.4BNRC FY2018: $30MNRC FY2019: $32.4MNRC FY2020: $37.2MNRC FY2021: $37.4MNRC FY2022: $31.8MNRC FY2023: $31MNRC FY2024: $24.8MNRC FY2025: $11.3MFY18FY19FY20FY21FY22FY23FY24FY25
IQV $1.4BNRC $11.3M
Net margin
IQV FY2018: 2.5%IQV FY2019: 1.7%IQV FY2020: 2.5%IQV FY2021: 7.0%IQV FY2022: 7.6%IQV FY2023: 9.1%IQV FY2024: 8.9%IQV FY2025: 8.3%NRC FY2018: 25.1%NRC FY2019: 25.3%NRC FY2020: 27.9%NRC FY2021: 25.3%NRC FY2022: 21.0%NRC FY2023: 20.8%NRC FY2024: 17.3%NRC FY2025: 8.2%FY18FY19FY20FY21FY22FY23FY24FY25
IQV 8.3%NRC 8.2%
Revenue growth
IQV FY2019: +6.5%IQV FY2020: +2.4%IQV FY2021: +22.1%IQV FY2022: +3.9%IQV FY2023: +4.0%IQV FY2024: +2.8%IQV FY2025: +5.9%NRC FY2019: +6.9%NRC FY2020: +4.1%NRC FY2021: +11.0%NRC FY2022: +2.4%NRC FY2023: -2.0%NRC FY2024: -3.7%NRC FY2025: -4.0%FY19FY20FY21FY22FY23FY24FY25
IQV +5.9%NRC -4.0%
Free cash flow
IQV FY2018: $795MIQV FY2019: $835MIQV FY2020: $1.3BIQV FY2021: $2.3BIQV FY2022: $1.6BIQV FY2023: $1.5BIQV FY2024: $2.1BIQV FY2025: $2.1BNRC FY2018: $33.9MNRC FY2019: $36.3MNRC FY2020: $36.7MNRC FY2021: $40.8MNRC FY2022: $26.4MNRC FY2023: $22.3MNRC FY2024: $19.2MNRC FY2025: $15.7MFY18FY19FY20FY21FY22FY23FY24FY25
IQV $2.1BNRC $15.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Iqvia and Nrc Health

Which is bigger by revenue, Iqvia or Nrc Health?

Iqvia is bigger by revenue: $16.3B in fiscal 2025, against $137.4M for Nrc Health in fiscal 2025.

Which keeps more of its revenue as profit, Iqvia or Nrc Health?

Iqvia had a net margin of 8.3% in fiscal 2025; Nrc Health had 8.2% in fiscal 2025.

Which grew revenue faster, Iqvia or Nrc Health?

In their latest fiscal years revenue changed by +5.9% at Iqvia and -4.0% at Nrc Health.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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