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.

Evolent Health, Inc. EVH Free cash flow margin

Discontinued — last reported Q4 '19

Free cash flow margin at other companies

CVS HealthCVS

1.8%—

UnitedHealth GroupUNH

4.4%-1.7pp

The Oncology Institute, Inc.TOI

-5.1%—

Astrana HealthASTH

4.6%—

BrightSpring Health Services, Inc.BTSG

3%—

Elevance HealthELV

3.3%+1.3pp

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

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.

free cash flow/total revenue=-9.7%

Based on trailing twelve months.

The official record: Evolent Health, Inc.’s 10-K, filed February 26, 2021, on SEC EDGAR. View the filing →

Questions, answered.

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.