What is Clover Health Investments's free cash flow margin?

Clover Health Investments (CLOV) reported free cash flow margin of -10.3% in Q3 2024.

What does free cash flow margin mean?

Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

Clover Health Investments CLOV Free cash flow margin

Free cash flow margin at other companies

CVS HealthCVS

1.8%—

UnitedHealth GroupUNH

4.4%-1.7pp

Alignment HealthcareALHC

4.1%—

Astrana HealthASTH

4.6%—

Elevance HealthELV

3.3%+1.3pp

Privia Health Group, Inc.PRVA

4.9%+1.4pp

Other financials

Income statement

See full

Revenue$749.2M+62.0%

Operating income$27.3M+2,246%

Net income$27.3M+2,246%

EPS (diluted)$0.05—

Balance sheet

See full

Cash & equivalents$173.3M+11.5%

Total debt$3.3M-0.9%

Total equity$339.4M+1.0%

Total assets$697.7M+19.5%

Cash flow

See full

Operating cash flow$107.9M+762%

CapEx$854.0K+362%

Free cash flow$107.0M+750%

Valuation

See full

Market cap$2.67B-49.7%

P/S1.2×-2.4×

Profitability

See full

Operating margin-2.6%+3.5pp

Net margin-2.6%+2.8pp

Returns & leverage

See full

Return on equity-16.9%-170pp

Debt / equity0×0.0×

Current ratio1.3×-0.2×

Where this comes from

Calculated from Clover Health Investments’s reported figures.

free cash flow/total revenue=-10.3%

Based on trailing twelve months.

The official record: Clover Health Investments’s 10-Q, filed November 7, 2025, on SEC EDGAR. View the filing →

Ask your AI about Clover Health Investments's free cash flow margin.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Clover Health Investments's free cash flow margin?: Clover Health Investments (CLOV) reported free cash flow margin of -10.3% in Q3 2024.
What does free cash flow margin mean?: Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.