Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 3.9B | 2.1% |
| Gross Profit | 915M | 6% |
| Cost of Revenue | 3.07B | 1.4% |
| Operating expense | 550M | 2.4% |
| Net Income | 285M | 21.5% |
| EBITDA | 797M | 2.4% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 27.2B | 3% |
| Total Liabilities | 20.2B | 2.7% |
| Total Equity | 6.97B | 3.8% |
| Shares Outstanding | 182M | 0.4% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 721M | 22.6% |
| Cash from investing | -599M | 171% |
| Cash from financing | -137M | 47.3% |
EPS
Financial Highlights for IQVIA in Q3 '24
IQVIA reported a revenue of 3.9B, which is a 2.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 915M, marking a 6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 3.07B, a 1.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 550M, showing a 2.4% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 285M, showing a -21.5% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 797M, showing a -2.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
IQVIA faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
