Teladoc Health vs Veeva Systems
Veeva Systems is the larger business, with $3.20bn of revenue in fiscal 2026 against $2.53bn for Teladoc Health (1.3 times as much). Veeva Systems grew faster (16.3% against -1.5%). Veeva Systems kept more of each dollar of sales as profit: a net margin of 28.4% against -7.9%.
| Latest fiscal year | Teladoc HealthTDOC, 2025 | Veeva SystemsVEEV, 2026 |
|---|---|---|
| Revenue | $2.53bn | $3.20bn |
| Revenue growth | -1.5% | 16.3% |
| Net income | −$200m | $909m |
| Operating margin | — | 28.7% |
| Net margin | -7.9% | 28.4% |
| Return on equity | -13.9% | 13.9% |
| Free cash flow | $285m | $1.42bn |
| Cash | $781m | $1.42bn |
| Total debt | $995m | — |
| Debt to equity | — | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $170m |
| Employees | 5,600 | 7,928 |
| Market value | $1.62bn | $49.27bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 36 (Weak) | 79 (Strong) |
| Insider trades, 12 months | 1 buys, 37 sales | 0 buys, 16 sales |