IQV vs WAT

Comparison between IQVIA Holdings Inc (IQV, Company) and Waters Corp (WAT, Company).

Both IQV and WAT are from the Healthcare sector.

5-Year PerformanceWAT has outperformed IQV, delivering a return of +0.2% compared to -1.4%

IQV vs WAT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IQV(COMPANY)	WAT(COMPANY)
Market Cap	$39B	$39B
Max Drawdown	51.52%	80.12%
Sharpe Ratio	0.68	1.04
5Y Beta	0.97	0.94
Industry	Diagnostics & Research	Diagnostics & Research
P/E Ratio	28.85	109.72
Forward P/E	18.25	27.70
PEG Ratio	3.04	1.51
5Y EPS CAGR	30.82%	15.00%
Debt to Equity	254.51%	31.75%
Free Cash Flow Yield	6.86%	0.99%
P/S Ratio	2.29	8.45
P/B Ratio	6.27	2.56

Market Cap

Winner

IQV

$39B

WAT

$39B

Max Drawdown

Winner

IQV

51.52%

WAT

80.12%

Sharpe Ratio

IQV

0.68

Winner

WAT

1.04

5Y Beta

IQV

0.97

Winner

WAT

0.94

Industry

IQV

Diagnostics & Research

WAT

Diagnostics & Research

P/E Ratio

Winner

IQV

28.85

WAT

109.72

Forward P/E

Winner

IQV

18.25

WAT

27.70

PEG Ratio

IQV

3.04

Winner

WAT

1.51

5Y EPS CAGR

Winner

IQV

30.82%

WAT

15.00%

Debt to Equity

IQV

254.51%

Winner

WAT

31.75%

Free Cash Flow Yield

Winner

IQV

6.86%

WAT

0.99%

P/S Ratio

Winner

IQV

2.29

WAT

8.45

P/B Ratio

IQV

6.27

Winner

WAT

2.56

IQV vs WAT - Historical Returns

Returns include dividend reinvestment.

Period	IQV	WAT
1 month	+12.85%	+5.49%
3 months	+31.71%	+14.35%
6 months	+23.97%	+4.83%
1 year	+30.95%	+43.92%
5 years(CAGR)	-1.36%	+0.21%
10 years(CAGR)	+11.57%	+9.78%
Max(CAGR)	+13.77%	+10.87%

Winner

IQV

+12.85%

WAT

+5.49%

Winner

IQV

+31.71%

WAT

+14.35%

Winner

IQV

+23.97%

WAT

+4.83%

IQV

+30.95%

Winner

WAT

+43.92%

5Y(CAGR)

IQV

-1.36%

Winner

WAT

+0.21%

10Y(CAGR)

Winner

IQV

+11.57%

WAT

+9.78%

Max(CAGR)

Winner

IQV

+13.77%

WAT

+10.87%

IQV vs WAT - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	IQV	WAT
2026	+3.13%	+4.64%
2025	+15.52%	+3.14%
2024	-14.71%	+12.89%
2023	+13.50%	-4.73%
2022	-25.11%	-6.04%
2021	+59.76%	+48.95%
2020	+14.55%	+5.26%
2019	+35.17%	+27.39%
2018	+16.45%	-3.60%
2017	+27.26%	+41.60%
2016	+13.44%	+3.10%
2015	+16.16%	+18.18%
2014	+28.54%	+13.61%
2013	+10.05%	+12.73%
2012	N/A	+14.72%
2011	N/A	-5.19%
2010	N/A	+26.09%
2009	N/A	+62.67%
2008	N/A	-52.25%
2007	N/A	+61.76%
2006	N/A	+28.53%
2005	N/A	-17.41%
2004	N/A	+41.27%
2003	N/A	+50.59%
2002	N/A	-43.79%
2001	N/A	-50.87%
2000	N/A	+224.27%
1999	N/A	+4.83%

IQV vs WAT Drawdown Comparison

The maximum drawdown for IQV was -51.52%, occurring on May 23, 2025. This drawdown has not yet recovered.

The maximum drawdown for WAT was -80.12%, occurring on Jul 22, 2002. Recovery took 2656 trading sessions.

The current IQV drawdown is -17.76%. The current WAT drawdown is -5.89%.

Rank	IQV	WAT
#1	-51.52% Dec 30, 2021 - May 23, 2025	-80.12% Sep 28, 2000 - Apr 21, 2011
#2	-49.43% Feb 12, 2020 - Sep 2, 2020	-44.27% Sep 8, 2021 - Oct 30, 2023
#3	-29.32% Jul 29, 2015 - Sep 23, 2016	-35.86% Apr 8, 2019 - Jan 5, 2021
#4	-19.17% Sep 27, 2018 - Feb 12, 2019	-28.07% May 19, 2011 - Jun 17, 2013
#5	-14.91% Feb 19, 2014 - Jul 3, 2014	-27.49% Mar 6, 2000 - Jun 2, 2000
#6	-14.78% Jul 3, 2019 - Jan 17, 2020	-20.65% Jan 29, 2018 - Jan 23, 2019
#7	-12.77% Sep 2, 2020 - Oct 12, 2020	-19.26% Jul 12, 2000 - Aug 21, 2000
#8	-12.63% Nov 6, 2017 - Jul 17, 2018	-17.37% Aug 23, 2016 - Apr 25, 2017
#9	-11.60% Sep 30, 2016 - Feb 14, 2017	-17.28% Feb 20, 2014 - Nov 20, 2014
#10	-11.24% Oct 20, 2020 - Nov 9, 2020	-16.98% Dec 31, 1999 - Jan 25, 2000
#11	-10.45% Sep 11, 2014 - Nov 3, 2014	-16.76% Jun 18, 2015 - Apr 18, 2016
#12	-10.17% Aug 1, 2013 - Dec 24, 2013	-13.96% Nov 1, 1999 - Dec 29, 1999
#13	-10.13% Sep 2, 2021 - Nov 16, 2021	-13.28% Aug 28, 2000 - Sep 25, 2000
#14	-9.63% Jan 11, 2021 - Feb 11, 2021	-11.58% Sep 26, 2013 - Jan 28, 2014
#15	-8.65% Apr 10, 2019 - Jun 18, 2019	-10.25% Feb 17, 2000 - Feb 25, 2000