IQVIA Holdings Inc (IQV)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,349,000 | 1,452,000 | 1,553,000 | 1,136,000 | 441,000 |
| Revenue | US$ in thousands | 15,403,000 | 14,308,000 | 14,004,000 | 13,470,000 | 10,935,000 |
| Gross profit margin | 15.25% | 10.15% | 11.09% | 8.43% | 4.03% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,349,000K ÷ $15,403,000K
= 15.25%
The gross profit margin of IQVIA Holdings Inc has been showing a positive trend over the years based on the data provided. The margin has increased steadily from 4.03% as of December 31, 2020, to 15.25% as of December 31, 2024. This indicates an improvement in the company's ability to generate profit from its core business operations after accounting for the cost of goods sold.
The significant increase in gross profit margin from 2020 to 2024 reflects potential improvements in operational efficiency, cost management, pricing strategies, or product mix. A higher gross profit margin suggests that the company is effectively controlling its production costs and/or commanding higher prices for its products or services.
However, the slight decrease in the margin from 11.09% in 2022 to 10.15% in 2023 may warrant further investigation into the factors influencing this change. Overall, the trend in IQVIA Holdings Inc's gross profit margin is positive, indicating a potentially stronger financial performance and profitability over the years analyzed.
Peer comparison
Dec 31, 2024