Biotechnology
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Side-by-side financial analysisStock Comparison
WHWK vs IQV vs CRL vs ICLR vs MEDP
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Diagnostics & Research
Medical - Diagnostics & Research
Medical - Diagnostics & Research
Medical - Diagnostics & Research
WHWK vs IQV vs CRL vs ICLR vs MEDP — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Biotechnology | Medical - Diagnostics & Research | Medical - Diagnostics & Research | Medical - Diagnostics & Research | Medical - Diagnostics & Research |
| Market Cap | $206M | $30.79B | $9.03B | $11.19B | $13.35B |
| Revenue (TTM) | $7M | $16.63B | $4.03B | $8.17B | $2.68B |
| Net Income (TTM) | $-21M | $1.39B | $-185M | $489M | $460M |
| Gross Margin | 89.3% | 26.1% | 31.9% | 25.2% | 29.1% |
| Operating Margin | -16.0% | 13.9% | 11.8% | 11.0% | 21.0% |
| Forward P/E | — | 14.2x | 16.9x | 13.9x | 27.5x |
| Total Debt | $0.00 | $16.17B | $3.07B | $3.56B | $250M |
| Cash & Equiv. | $38M | $1.98B | $214M | $647M | $497M |
WHWK vs IQV vs CRL vs ICLR vs MEDP — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Jun 20 | Jun 26 | Return |
|---|---|---|---|
| Whitehawk Therapeut… (WHWK) | 100 | 22.2 | -77.8% |
| IQVIA Holdings Inc. (IQV) | 100 | 127.9 | +27.9% |
| Charles River Labor… (CRL) | 100 | 107.5 | +7.5% |
| ICON Public Limited… (ICLR) | 100 | 86.8 | -13.2% |
| Medpace Holdings, I… (MEDP) | 100 | 502.4 | +402.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: WHWK vs IQV vs CRL vs ICLR vs MEDP
Each card shows where this stock fits in a portfolio — not just who wins on paper.
WHWK is the #2 pick in this set and the best alternative if momentum is your priority.
- +103.9% vs ICLR's -0.6%
IQV is the clearest fit if your priority is income & stability and valuation efficiency.
- Dividend streak 2 yrs, beta 1.16
- PEG 0.35 vs MEDP's 0.86
CRL is the clearest fit if your priority is defensive.
- Beta 1.39, current ratio 1.29x
ICLR ranks third and is worth considering specifically for value.
- Lower P/E (13.9x vs 27.5x)
MEDP carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 20.0%, EPS growth 21.0%, 3Y rev CAGR 20.1%
- 15.8% 10Y total return vs IQV's 177.5%
- Lower volatility, beta 1.04, Low D/E 54.6%, current ratio 0.74x
- 20.0% revenue growth vs WHWK's -72.5%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 20.0% revenue growth vs WHWK's -72.5% | |
| Value | Lower P/E (13.9x vs 27.5x) | |
| Quality / Margins | 17.2% margin vs WHWK's -288.3% | |
| Stability / Safety | Beta 1.04 vs WHWK's 1.68 | |
| Dividends | Tie | None of these 5 stocks pay a meaningful dividend |
| Momentum (1Y) | +103.9% vs ICLR's -0.6% | |
| Efficiency (ROA) | 24.8% ROA vs WHWK's -11.2%, ROIC 154.9% vs -139.1% |
WHWK vs IQV vs CRL vs ICLR vs MEDP — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
WHWK vs IQV vs CRL vs ICLR vs MEDP — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
MEDP leads in 3 of 6 categories
ICLR leads 1 • IQV leads 1 • WHWK leads 0 • CRL leads 0 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
MEDP leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
IQV is the larger business by revenue, generating $16.6B annually — 2327.8x WHWK's $7M. MEDP is the more profitable business, keeping 17.2% of every revenue dollar as net income compared to WHWK's -2.9%. On growth, MEDP holds the edge at +26.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $7M | $16.6B | $4.0B | $8.2B | $2.7B |
| EBITDAEarnings before interest/tax | -$114M | $3.5B | $824M | $1.5B | $577M |
| Net IncomeAfter-tax profit | -$21M | $1.4B | -$185M | $489M | $460M |
| Free Cash FlowCash after capex | -$98M | $2.7B | $391M | $1.3B | $745M |
| Gross MarginGross profit ÷ Revenue | +89.3% | +26.1% | +31.9% | +25.2% | +29.1% |
| Operating MarginEBIT ÷ Revenue | -16.0% | +13.9% | +11.8% | +11.0% | +21.0% |
| Net MarginNet income ÷ Revenue | -2.9% | +8.3% | -4.6% | +6.0% | +17.2% |
| FCF MarginFCF ÷ Revenue | -13.7% | +16.1% | +9.7% | +16.4% | +27.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | -100.0% | +8.4% | +1.2% | +3.5% | +26.5% |
| EPS Growth (YoY)Latest quarter vs prior year | +49.3% | +15.0% | -160.0% | -38.9% | +16.6% |
Valuation Metrics
ICLR leads this category, winning 5 of 7 comparable metrics.
Valuation Metrics
At 23.1x trailing earnings, IQV trades at a 54% valuation discount to ICLR's 50.4x P/E. Adjusting for growth (PEG ratio), IQV offers better value at 0.57x vs MEDP's 0.96x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $206M | $30.8B | $9.0B | $11.2B | $13.3B |
| Enterprise ValueMkt cap + debt − cash | $168M | $45.0B | $11.9B | $14.1B | $13.1B |
| Trailing P/EPrice ÷ TTM EPS | -12.61x | 23.15x | -64.44x | 50.41x | 30.59x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 14.16x | 16.90x | 13.86x | 27.51x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.57x | — | — | 0.96x |
| EV / EBITDAEnterprise value multiple | — | 13.11x | 13.04x | 10.11x | 23.27x |
| Price / SalesMarket cap ÷ Revenue | 28.79x | 1.89x | 2.25x | 1.36x | 5.27x |
| Price / BookPrice ÷ Book value/share | 1.89x | 4.75x | 2.89x | 1.26x | 30.06x |
| Price / FCFMarket cap ÷ FCF | — | 15.01x | 17.42x | 12.98x | 19.57x |
Profitability & Efficiency
MEDP leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
MEDP delivers a 120.9% return on equity — every $100 of shareholder capital generates $121 in annual profit, vs $-12 for WHWK. ICLR carries lower financial leverage with a 0.39x debt-to-equity ratio, signaling a more conservative balance sheet compared to IQV's 2.44x. On the Piotroski fundamental quality scale (0–9), MEDP scores 6/9 vs WHWK's 3/9, reflecting solid financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | -12.0% | +22.1% | -5.7% | +5.2% | +120.9% |
| ROA (TTM)Return on assets | -11.2% | +4.7% | -2.5% | +3.0% | +24.8% |
| ROICReturn on invested capital | -139.1% | +8.7% | +6.3% | +6.2% | +154.9% |
| ROCEReturn on capital employed | -120.7% | +11.0% | +8.1% | +7.5% | +65.7% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 4 | 4 | 5 | 6 |
| Debt / EquityFinancial leverage | — | 2.44x | 0.95x | 0.39x | 0.55x |
| Net DebtTotal debt minus cash | -$38M | $14.2B | $2.9B | $2.9B | -$247M |
| Cash & Equiv.Liquid assets | $38M | $2.0B | $214M | $647M | $497M |
| Total DebtShort + long-term debt | $0 | $16.2B | $3.1B | $3.6B | $250M |
| Interest CoverageEBIT ÷ Interest expense | — | 3.10x | 4.29x | 3.83x | — |
Total Returns (Dividends Reinvested)
MEDP leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in MEDP five years ago would be worth $26,044 today (with dividends reinvested), compared to $1,401 for WHWK. Over the past 12 months, WHWK leads with a +103.9% total return vs ICLR's -0.6%. The 3-year compound annual growth rate (CAGR) favors MEDP at 28.9% vs WHWK's -19.1% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +70.5% | -19.5% | -7.4% | -22.5% | -18.2% |
| 1-Year ReturnPast 12 months | +103.9% | +14.0% | +23.5% | -0.6% | +53.7% |
| 3-Year ReturnCumulative with dividends | -47.1% | -14.4% | -8.7% | -35.9% | +114.4% |
| 5-Year ReturnCumulative with dividends | -86.0% | -25.8% | -47.2% | -32.0% | +160.4% |
| 10-Year ReturnCumulative with dividends | -95.4% | +177.5% | +122.4% | +120.9% | +1581.7% |
| CAGR (3Y)Annualised 3-year return | -19.1% | -5.0% | -3.0% | -13.8% | +28.9% |
Risk & Volatility
Evenly matched — CRL and MEDP each lead in 1 of 2 comparable metrics.
Risk & Volatility
MEDP is the less volatile stock with a 1.04 beta — it tends to amplify market swings less than WHWK's 1.68 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CRL currently trades 81.9% from its 52-week high vs ICLR's 69.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.68x | 1.16x | 1.39x | 1.59x | 1.04x |
| 52-Week HighHighest price in past year | $5.50 | $247.05 | $228.88 | $211.00 | $628.92 |
| 52-Week LowLowest price in past year | $1.57 | $153.01 | $143.06 | $66.57 | $294.07 |
| % of 52W HighCurrent price vs 52-week peak | +75.7% | +73.5% | +81.9% | +69.3% | +74.3% |
| RSI (14)Momentum oscillator 0–100 | 45.5 | 54.4 | 60.8 | 67.3 | 66.2 |
| Avg Volume (50D)Average daily shares traded | 331K | 1.5M | 767K | 1.2M | 365K |
Analyst Outlook
IQV leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Analyst consensus: IQV as "Buy", CRL as "Buy", ICLR as "Buy", MEDP as "Hold". Consensus price targets imply 68.3% upside for WHWK (target: $7) vs -0.6% for ICLR (target: $145).
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy | Buy | Buy | Hold |
| Price TargetConsensus 12-month target | $7.00 | $222.22 | $213.17 | $145.36 | $498.86 |
| # AnalystsCovering analysts | — | 44 | 37 | 30 | 19 |
| Dividend YieldAnnual dividend ÷ price | — | — | — | — | — |
| Dividend StreakConsecutive years of raises | 1 | 2 | 1 | 0 | — |
| Dividend / ShareAnnual DPS | — | — | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +4.0% | +4.0% | +6.7% | +6.9% |
MEDP leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). ICLR leads in 1 (Valuation Metrics). 1 tied.
WHWK vs IQV vs CRL vs ICLR vs MEDP: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is WHWK or IQV or CRL or ICLR or MEDP a better buy right now?
For growth investors, Medpace Holdings, Inc.
(MEDP) is the stronger pick with 20. 0% revenue growth year-over-year, versus -72. 5% for Whitehawk Therapeutics Inc (WHWK). IQVIA Holdings Inc. (IQV) offers the better valuation at 23. 1x trailing P/E (14. 2x forward), making it the more compelling value choice. Analysts rate IQVIA Holdings Inc. (IQV) a "Buy" — based on 44 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — WHWK or IQV or CRL or ICLR or MEDP?
On trailing P/E, IQVIA Holdings Inc.
(IQV) is the cheapest at 23. 1x versus ICON Public Limited Company at 50. 4x. On forward P/E, ICON Public Limited Company is actually cheaper at 13. 9x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: IQVIA Holdings Inc. wins at 0. 35x versus Medpace Holdings, Inc. 's 0. 86x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — WHWK or IQV or CRL or ICLR or MEDP?
Over the past 5 years, Medpace Holdings, Inc.
(MEDP) delivered a total return of +160. 4%, compared to -86. 0% for Whitehawk Therapeutics Inc (WHWK). Over 10 years, the gap is even starker: MEDP returned +1582% versus WHWK's -95. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — WHWK or IQV or CRL or ICLR or MEDP?
By beta (market sensitivity over 5 years), Medpace Holdings, Inc.
(MEDP) is the lower-risk stock at 1. 04β versus Whitehawk Therapeutics Inc's 1. 68β — meaning WHWK is approximately 61% more volatile than MEDP relative to the S&P 500. On balance sheet safety, ICON Public Limited Company (ICLR) carries a lower debt/equity ratio of 39% versus 2% for IQVIA Holdings Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — WHWK or IQV or CRL or ICLR or MEDP?
By revenue growth (latest reported year), Medpace Holdings, Inc.
(MEDP) is pulling ahead at 20. 0% versus -72. 5% for Whitehawk Therapeutics Inc (WHWK). On earnings-per-share growth, the picture is similar: Whitehawk Therapeutics Inc grew EPS 86. 0% year-over-year, compared to -1555. 0% for Charles River Laboratories International, Inc.. Over a 3-year CAGR, MEDP leads at 20. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — WHWK or IQV or CRL or ICLR or MEDP?
Medpace Holdings, Inc.
(MEDP) is the more profitable company, earning 17. 8% net margin versus -288. 3% for Whitehawk Therapeutics Inc — meaning it keeps 17. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MEDP leads at 21. 1% versus -1601. 1% for WHWK. At the gross margin level — before operating expenses — WHWK leads at 89. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is WHWK or IQV or CRL or ICLR or MEDP more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, IQVIA Holdings Inc. (IQV) is the more undervalued stock at a PEG of 0. 35x versus Medpace Holdings, Inc. 's 0. 86x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, ICON Public Limited Company (ICLR) trades at 13. 9x forward P/E versus 27. 5x for Medpace Holdings, Inc. — 13. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for WHWK: 68. 3% to $7. 00.
08Which pays a better dividend — WHWK or IQV or CRL or ICLR or MEDP?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is WHWK or IQV or CRL or ICLR or MEDP better for a retirement portfolio?
For long-horizon retirement investors, Medpace Holdings, Inc.
(MEDP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 04), +1582% 10Y return). Whitehawk Therapeutics Inc (WHWK) carries a higher beta of 1. 68 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (MEDP: +1582%, WHWK: -95. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between WHWK and IQV and CRL and ICLR and MEDP?
Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: WHWK is a small-cap quality compounder stock; IQV is a mid-cap quality compounder stock; CRL is a small-cap quality compounder stock; ICLR is a mid-cap quality compounder stock; MEDP is a mid-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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