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Evolent Health, Inc. EVH Operating margin

Operating margin at other companies

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CVS HealthCVS
1.5%-1.1pp
UnitedHealth Group logo
UnitedHealth GroupUNH
4.2%-4.0pp
The Oncology Institute, Inc. logo
The Oncology Institute, Inc.TOI
-6%-2.1pp
Astrana Health logo
Astrana HealthASTH
2.5%-1.1pp
BrightSpring Health Services, Inc. logo
BrightSpring Health Services, Inc.BTSG
2.7%+1.1pp
Privia Health Group, Inc. logo
Privia Health Group, Inc.PRVA
1.6%+0.4pp

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
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.

Based on trailing twelve months.

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 operating margin?
Evolent Health, Inc. (EVH) reported operating margin of -22.2% in Q1 2026.
How has Evolent Health, Inc.'s operating margin changed year-over-year?
Evolent Health, Inc.'s operating margin decreased by 1754.7% year-over-year, from -1.2% to -22.2%.
What is the long-term trend for Evolent Health, Inc.'s operating margin?
Over 4 years (2020 to 2025), Evolent Health, Inc.'s operating margin has grown at a -6.8% compound annual growth rate (CAGR), from -28.9% to -21.9%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.