What is Evolent Health, Inc.'s EV / sales?

Evolent Health, Inc. (EVH) reported EV / sales of 0.6× in Q1 2026.

How has Evolent Health, Inc.'s EV / sales changed year-over-year?

Evolent Health, Inc.'s EV / sales decreased by 19.3% year-over-year, from 0.7× to 0.6×.

What is the long-term trend for Evolent Health, Inc.'s EV / sales?

Over 5 years (2020 to 2025), Evolent Health, Inc.'s EV / sales has grown at a -15.6% compound annual growth rate (CAGR), from 1.6× to 0.7×.

What does EV / sales mean?

Enterprise value at the quarter end divided by trailing-twelve-month revenue. A capital-structure-neutral revenue multiple, useful when earnings are negative.

Evolent Health, Inc. EVH EV / sales

EV / sales at other companies

CVS HealthCVS

0.2×0.0×

UnitedHealth GroupUNH

0.7×-0.6×

The Oncology Institute, Inc.TOI

0.7×+0.3×

Astrana HealthASTH

0.6×-0.2×

BrightSpring Health Services, Inc.BTSG

0.7×+0.2×

Elevance HealthELV

0.4×-0.2×

Other financials

Income statement

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Revenue$496.2M+2.6%

Gross profit$83.8M-18.2%

Operating income-$10.6M-553%

Net income-$26.6M+58.8%

EPS (diluted)-$0.24+61.9%

Balance sheet

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Cash & equivalents$142.0M-42.4%

Total debt$985.4M+13.3%

Total equity$396.4M-57.6%

Total assets$1.9B-29.2%

Cash flow

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Operating cash flow-$984.0K-122%

Valuation

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Market cap$565.78M-47.9%

Enterprise value$1.41B-17.6%

P/S0.3×-0.2×

Profitability

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Gross margin20.2%+4.9pp

Operating margin-22.2%-23.5pp

Net margin-26.3%-33.2pp

FCF margin-9.7%—

Returns & leverage

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Return on equity-74.6%-90.1pp

Debt / equity2.5×+1.6×

Current ratio1.3×+0.3×

Where this comes from

Calculated from Evolent Health, Inc.’s reported figures.

enterprise value/total revenue=0.6×

Based on the most recent quarter.

The official record: Evolent Health, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Evolent Health, Inc.'s EV / sales?: Evolent Health, Inc. (EVH) reported EV / sales of 0.6× in Q1 2026.
How has Evolent Health, Inc.'s EV / sales changed year-over-year?: Evolent Health, Inc.'s EV / sales decreased by 19.3% year-over-year, from 0.7× to 0.6×.
What is the long-term trend for Evolent Health, Inc.'s EV / sales?: Over 5 years (2020 to 2025), Evolent Health, Inc.'s EV / sales has grown at a -15.6% compound annual growth rate (CAGR), from 1.6× to 0.7×.
What does EV / sales mean?: Enterprise value at the quarter end divided by trailing-twelve-month revenue. A capital-structure-neutral revenue multiple, useful when earnings are negative.