IQVIA Holdings Inc. (IQV) vs Labcorp Holdings Inc. (LH)
IQV leads on 11 of 16 compared metrics.
A side-by-side comparison of IQVIA Holdings Inc. and Labcorp Holdings Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 18, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
Total return — IQV vs LH
growth of $100 · last 13yIQV +305.3%LH +221.0%IQV compounded faster
IQV LH
IQV vs LH: by the numbers
- •IQV is the larger company ($28.48B vs $21.28B market cap).
- •IQV trades at the lower earnings multiple (21.15 vs 22.99 P/E).
- •IQV converts more revenue to profit (8.33% vs 6.66% net margin).
- •IQV grew revenue faster over the past five years (6.72% vs -1.58% CAGR).
- •LH pays a dividend (1.11% yield) while IQV does not currently pay one.
Which is better, IQV or LH?
Metric tally: IQV 11 · LH 5It depends on what you're optimizing for:
ValueIQV(lower P/E)
GrowthIQV(faster 5Y revenue CAGR)
QualityIQV(higher ROIC)
Metrics side by side
Valuation
| Metric | IQV | LH |
|---|---|---|
| P/E ratio | 21.15● | 22.99 |
| Forward P/E | 12.05● | 13.31 |
| P/S ratio | 1.74 | 1.52● |
| P/B ratio | 4.66 | 2.47● |
| PEG ratio | 6.34 | 1.28● |
| EV / EBITDA | 12.25● | 13.47 |
| FCF yield | 8.78%● | 6.43% |
Profitability
| Metric | IQV | LH |
|---|---|---|
| Gross margin | 26.11% | 27.79%● |
| Operating margin | 13.86%● | 11.03% |
| Net margin | 8.33%● | 6.66% |
| ROE | 22.26%● | 10.79% |
| ROIC | 8.23%● | 7.39% |
Dividends
| Metric | IQV | LH |
|---|---|---|
| Dividend yield | — | 1.11% |
| Payout ratio | — | 27.32% |
Growth (annualized)
| Metric | IQV | LH |
|---|---|---|
| Revenue CAGR (5Y) | 6.72%● | -1.58% |
| EPS CAGR (5Y) | 40.21%● | -8.00% |
| FCF CAGR (5Y) | 4.53%● | -12.63% |
| Total return CAGR (5Y) | -7.07% | 4.10%● |
Frequently asked
- Which is better, IQV or LH?
- It depends on your goal. value: IQV (lower P/E); growth: IQV (faster 5Y revenue CAGR); quality: IQV (higher ROIC). Across all compared metrics, IQV leads 11 to 5.
- Is IQV or LH cheaper?
- On trailing earnings, IQV is cheaper: IQV trades at a 21.15 P/E and LH at 22.99.
- Which has grown faster, IQV or LH?
- Over the past five years, IQV grew revenue faster — IQV at a 6.72% CAGR versus LH at -1.58%.
- Does IQV or LH pay a bigger dividend?
- LH pays a dividend (1.11% yield) while IQV does not currently pay one.
- Is IQV or LH more profitable?
- IQV runs the higher net margin — IQV at 8.33% versus LH at 6.66%.
- Which has been the better investment, IQV or LH?
- Over the past 10-year, IQV delivered the higher annualized total return — IQV at 10.41% versus LH at 9.73%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
IQVIA P/E ratioLabcorp P/E ratioIQVIA dividend yieldLabcorp dividend yieldIQVIA ROELabcorp ROEIQVIA operating marginLabcorp operating marginIQVIA revenue growthLabcorp revenue growthIQVIA free cash flowLabcorp free cash flow
IQVIA & Labcorp appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 18, 2026.