Forensic Analysis · Professional & Commercial Services · as of Aug 9, 2026

Iqvia Holdings Inc. (IQV)

A forensic read on Iqvia Holdings Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

B · Sound & dependable

Forensic grade

Safe

Financial health

2.6

Distress distance

Clean

Earnings quality

Forensic signals

27.6

P / E (ttm)

20.9%

ROE

$39.3B

Market cap

5.9%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Iqvia Holdings Inc. earns a B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 2.6, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by dividend — suspended.

What the filings flag

suspended

FY2020→FY2022

Dividend — suspended. The dividend has been SUSPENDED — $13M paid in FY2020, then $0 in FY2022. A suspension is a major signal the board is conserving cash; the prior payment history doesn't offset it.

+10.5%

FY2024→FY2025

Accruals ratio (% of NOA). Net operating assets grew +10.5% relative to their own average in FY2025 — scaled by NOA itself, not total assets (see the Forensic Screens card's differently-scaled Sloan Accrual Ratio for that read). Accruals are building faster than is comfortable — part of profit is sitting in the balance sheet rather than turning to cash. The cash-flow cross-check is more mixed: reported earnings ran behind operating cash by 7% of net operating assets, diverging from the balance-sheet accrual read.

8.6%

FY2025

Return on invested capital. Return on invested capital is 8.6% in the latest fiscal year and steady — around its ~10% cost of capital, so growth is roughly value-neutral.

Key fundamentals

Latest Revenue$16.31B

Revenue Growth YoY+5.9%

Revenue CAGR (3yr)+4.2%

Net Margin8.3%

Free Cash Flow$2.05B

Return on Equity20.9%

Debt / Equity2.42x

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Data from SEC EDGAR public filings · metrics as of Aug 9, 2026. Forensic signals flag probability, not certainty.