Iqvia Holdings Inc.
IQVHIGH VELOCITYFILING INTENSITYIqvia Holdings Inc. reads as an High Velocity (composite 78/100); Transformational Buyer deploying $3B across 0 disclosed transactions, running flat vs the prior cycle · primary market Life Sciences, ranked #9 on disclosed spend.
Lens
Disclosed M&A capital (2023–2025)
$3.3B
vs $3B in 2020–2022
Disclosed transactions
N/A
3/3 active fiscal years in window
Buyer archetype
Transformational Buyer
Episodic but very large disclosed transactions drive the profile.
Composite score
78
High Velocity dominates · Filing Intensity
Behavioral posture, nine reads.
Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.
Active Acquirer
Companies actively deploying disclosed capital into M&A
- $8.4B disclosed buyer spend
- Filed within 19d
Buyer Cadence
Buyer-side companies with recent filing activity
- Filed within 19d
- 160 8-Ks
Target Probability
Issuers showing target-side patterns from filings
- 19 activism filings
Spin/Carve
Issuers showing spin-off, carve-out, or sum-of-parts posture
- 19 activism filings
Pressure Watch
Issuers facing activism, governance, or control pressure
- 19 activism filings
- Latest activism 6.8y ago; heavily discounted
Distress Watch
Issuers showing financial-distress filing patterns
- 19 activism filings
Restatement Risk
Issuers with accounting-integrity flags from filings
Capital Velocity
DominantIssuers with the highest filing-activity intensity
- 160 8-Ks
- Filed within 19d
- 5 form types
Quiet Power
Large issuers with low signal volume and clean disclosure cadence
- Enterprise value $30B
- 10-Q 21d ago
- 2 active signals
Capital cadence.
Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.
Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $1,714M · Peak count: 1
| FY | Disclosed buys | Disclosed spend | Avg ticket | Audited tier |
|---|---|---|---|---|
| 2025 | N/A | $1.7B | N/A | N/A |
| 2024 | N/A | $735M | N/A | N/A |
| 2023 | N/A | $876M | N/A | N/A |
| 2022 | N/A | $1.3B | N/A | N/A |
| 2021 | N/A | $1.5B | N/A | N/A |
| 2020 | N/A | $224M | N/A | N/A |
Strategy posture.
The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.
Archetype mix
- Bolt On20%
- Geographic Expansion20%
- Platform20%
- Horizontal Consolidation20%
- Tuck In20%
Strategy keywords
Terms recurring across recent 10-K acquisition disclosures.
- bolt_on
- geographic_expansion
- platform
- horizontal_consolidation
- tuck_in
Filing language.
Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.
“In July 2015, we combined our global clinical trials laboratory operations in our Product Development segment with the clinical trials laboratory operations of Quest with the resulting combined business referred to as Q2 Solutions.”
“ongoing efforts to streamline our global operations and reduce overcapacity to adapt to changing market conditions and integrate acquisitions”
“We have completed and will continue to consider strategic business combinations to enhance our capabilities and offerings in certain areas.”
“We completed a number of business combinations in 2013, 2014 and 2015 to enhance our capabilities and offerings in certain areas.”
“completed a number of individually immaterial acquisitions during the years ended December 31, 2018 and 2017”
Market context.
Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.
Primary market
Life Sciences
- Market spend (2023–2025)
- $68.3B
- Market spend (2020–2022)
- $107.5B
- Recent vs prior
- −36%
- Issuer rank in market
- #9 of 155
- Share of market capital
- 2.3%
Valuation positioning
IQV trades at a -7.5-turn discount to the Life Sciences peer median of 16.1×.
- EV / Revenue
- 1.8×
- Net debt / EBITDA
- -0.0×
- Peer median EV / EBITDA
- 16.1×
Trading comparables
FMP market data · 2026-05-10
| Company | EV / EBITDA | EV / Rev | Net debt / EBITDA | Revenue | M&A 2023–2025 |
|---|---|---|---|---|---|
| 19.1× | 4.7× | -0.0× | $45.2B | $10.8B | |
| 18.8× | 4.3× | -0.3× | $20.6B | $8B | |
| 13.3× | 3.5× | -0.1× | $35.5B | $2.2B | |
| 13.1× | 1.9× | -0.2× | $14.1B | $2.1B | |
Iqvia Holdings Inc.IQV | 8.5× | 1.8× | -0.0× | $16.6B | $3.3B |
Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Life Sciences. Bars scaled to the highest EV/EBITDA in the set.
Target landscape.
Public-issuer targets that fit this buyer's archetype and target categories from filing-derived signal. Scores reflect cross-signal fit; reasons cite the EDGAR-anchored facts that drove the match.
No qualifying public-issuer targets surfaced from the current signal mix.
Stated target categories
No target categories enumerated in the audited corpus for this issuer.
Filing activity & signal stream.
Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.
Filing cadence
- 10-K (annual)142026-02-17
- 10-Q (quarterly)402026-05-05
- 8-K (event)1602026-05-07
- Proxy / DEF 14A272026-02-27
- Activism (13D / DFAN / PREC)192019-08-13
Signals on file
- elevated
Activism on file
2019-08-1319 activist filings on file (13D, DFAN14A, PREC14A series).
- info
Signal
Serial acquisition history
- info
Signal
10-K strategy themes
Audited corpus.
No audited record on file for this CIK in the current v6 corpus.
This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.