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Evolent Health, Inc. EVH Net debt / EBITDA

Net debt / EBITDA at other companies

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4.9×+4.4×
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1.7×+0.3×
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3.4×-3.7×
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2.4×+0.4×
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-0.3×+0.1×
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-5.8×

Other financials

Income statement

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Revenue$652.5M+46.9%
Gross profit$80.8M-19.5%
Operating income-$9.6M-716%
Net income-$28.4M-42.6%
EPS (diluted)-$0.25+43.2%

Balance sheet

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Cash & equivalents$115.7M-23.4%
Total debt$970.4M+13.7%
Total equity$383.2M-57.2%
Total assets$2.0B-19.9%

Cash flow

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Operating cash flow-$9.3M+69.3%

Valuation

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Market cap$446.58M-58.2%
Enterprise value$1.3B-26.5%
P/S0.2×-0.3×

Profitability

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Gross margin17.2%+0.9pp
Operating margin-20.4%-22.4pp
Net margin-24.1%-35.8pp
FCF margin-9.7%

Returns & leverage

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Return on equity-79%-99.2pp
Debt / equity2.5×+1.6×
Current ratio1.2×+0.2×

Where this comes from

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

Based on the most recent quarter.

The source filing: Evolent Health, Inc.’s 10-Q, filed November 7, 2025. Open the filing →

Filed
Nov 7, 2025
Fiscal quarter
Q3 FY2025
Calendar quarter
Q3 2025
Accession
0001628908-25-000133

FAQ

What is Evolent Health, Inc.'s net debt / EBITDA?
Evolent Health, Inc. (EVH) reported net debt / EBITDA of 12.1× in Q3 2025.
How has Evolent Health, Inc.'s net debt / EBITDA changed year-over-year?
Evolent Health, Inc.'s net debt / EBITDA increased by 69.9% year-over-year, from 7.1× to 12.1×.
What is the long-term trend for Evolent Health, Inc.'s net debt / EBITDA?
Over 3 years (2021 to 2024), Evolent Health, Inc.'s net debt / EBITDA has grown at a 113.4% compound annual growth rate (CAGR), from 0.8× to 7.8×.
What does net debt / EBITDA mean?
Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

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