IQVIA Holdings Inc (IQV)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,459,000 | 1,351,000 | 1,129,000 | 351,000 | 307,000 |
| Revenue | US$ in thousands | 14,308,000 | 14,004,000 | 13,470,000 | 10,935,000 | 10,616,000 |
| Pretax margin | 10.20% | 9.65% | 8.38% | 3.21% | 2.89% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,459,000K ÷ $14,308,000K
= 10.20%
The pretax margin of IQVIA Holdings Inc has shown a positive trend over the five-year period from 2019 to 2023. The company's pretax margin increased from 3.09% in 2019 to 9.74% in 2023. This improvement indicates an increasing profitability before taxes, reflecting better cost management or revenue growth strategies implemented by the company. The consistent growth in pretax margin suggests that IQVIA has been effective in controlling costs and maximizing profits over the years. This positive trend is a favorable indicator of the company's financial performance and potential sustainability in generating profits.
Peer comparison
Dec 31, 2023