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Gross Margin % is calculated as gross profit divided by its revenue. IQVIA Holdings's Gross Profit for the three months ended in Jun. 2024 was $1,326 Mil. IQVIA Holdings's Revenue for the three months ended in Jun. 2024 was $3,814 Mil. Therefore, IQVIA Holdings's Gross Margin % for the quarter that ended in Jun. 2024 was 34.77%.
The historical rank and industry rank for IQVIA Holdings's Gross Margin % or its related term are showing as below:
During the past 13 years, the highest Gross Margin % of IQVIA Holdings was 35.21%. The lowest was 27.49%. And the median was 34.07%.
IQVIA Holdings had a gross margin of 34.77% for the quarter that ended in Jun. 2024 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for IQVIA Holdings was 0.00% per year.
The historical data trend for IQVIA Holdings's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
IQVIA Holdings Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Gross Margin % | Get a 7-Day Free Trial | 34.16 | 33.97 | 33.45 | 34.89 | 34.96 |
IQVIA Holdings Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Gross Margin % | Get a 7-Day Free Trial | 34.47 | 35.06 | 35.94 | 34.60 | 34.77 |
For the Diagnostics & Research subindustry, IQVIA Holdings's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Medical Diagnostics & Research industry and Healthcare sector, IQVIA Holdings's Gross Margin % distribution charts can be found below:
* The bar in red indicates where IQVIA Holdings's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
IQVIA Holdings's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as
Gross Margin % (A: Dec. 2023 ) | = | Gross Profit (A: Dec. 2023 ) | / | Revenue (A: Dec. 2023 ) |
= | 5239 | / | 14984 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (14984 - 9745) | / | 14984 | |
= | 34.96 % |
IQVIA Holdings's Gross Margin for the quarter that ended in Jun. 2024 is calculated as
Gross Margin % (Q: Jun. 2024 ) | = | Gross Profit (Q: Jun. 2024 ) | / | Revenue (Q: Jun. 2024 ) |
= | 1326 | / | 3814 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (3814 - 2488) | / | 3814 | |
= | 34.77 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
IQVIA Holdings (NYSE:IQV) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
IQVIA Holdings had a gross margin of 34.77% for the quarter that ended in Jun. 2024 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Thank you for viewing the detailed overview of IQVIA Holdings's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Eric Sherbet | officer: See Remarks | 100 IMS DRIVE, PARSIPPANY NJ 07054-4235 |
Ari Bousbib | director, officer: Chairman, CEO & Pres | UNITED TECHNOLOGIES CORP, ONE FINANCIAL PLAZA, HARTFORD CT 06101 |
W Richard Staub | officer: See Remarks | |
Kevin C Knightly | officer: Pres Info & Tech Solutions | 1499 POST ROAD, FAIRFIELD CT 06824 |
Panagos Constantinos | officer: See Remarks | 4280 EMPEROR BLVD, DURHAM NC 27703 |
Keriann Cherofsky | officer: See Remarks | 4280 EMPEROR BLVD, DURHAM NC 27703 |
Sheila A Stamps | director | C/O CIT GROUP, 1 CIT DRIVE, ATTN: GENERAL COUNSEL, LIVINGSTON NJ 07039 |
Morris Leslie Wims | director | 4280 EMPEROR BLVD, DURHAM NC 27703 |
John Connaughton | director, 10 percent owner | BAIN CAPITAL PARTNERS LLC, JOHN HANCOCK TOWER, 200 CLARENDON STREET, BOSTON MA 02116 |
Ronald E Bruehlman | officer: See Remarks | C/O IQVIA HOLDINGS, INC., 83 WOOSTER HEIGHTS ROAD, DANBURY CT 06810 |
Ronald A Rittenmeyer | director | 5400 LEGACY DRIVE, PLANO TX 75024 |
Tpg Group Holdings (sbs) Advisors, Inc. | 10 percent owner | C/O TPG GLOBAL, LLC, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
Michael J Evanisko | director | BRAUN CONSULTING, 20 W KINZIE STREET SUITE 1600, CHICAGO IL 60610 |
Michael R Mcdonnell | officer: Chief Financial Officer | C/O IQVIA HOLDINGS INC., 83 WOOSTER HEIGHTS ROAD, DANBURY CT 06810 |
John M. Leonard | director | C/O INTELLIA THERAPEUTICS INC, 40 ERIE STREET, SUITE 130, CAMBRIDGE MA 02139 |
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