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InnovAge Holdings, Inc. INNV Free cash flow margin

Free cash flow margin at other companies

CVS Health logo
CVS HealthCVS
1.8%
UnitedHealth Group logo
UnitedHealth GroupUNH
4.4%-1.7pp
Astrana Health logo
Astrana HealthASTH
4.6%
Agilon Health logo
Agilon HealthAGL
-1.1%
Clover Health Investments logo
Clover Health InvestmentsCLOV
-10.3%
Alignment Healthcare logo
Alignment HealthcareALHC
4.1%

Other financials

Income statement

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Revenue$251.9M+15.5%
Operating income-$29.1M-186%
Net income-$29.5M-159%
EPS (diluted)-$0.22-175%

Balance sheet

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Cash & equivalents$95.5M+58.0%
Total debt$93.8M-11.0%
Total equity$229.0M-3.8%
Total assets$547.4M+2.0%

Cash flow

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Operating cash flow$18.1M-26.3%
CapEx$3.6M+24.3%
Free cash flow$14.5M-33.1%

Valuation

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Market cap$1.31B+150%
Enterprise value$1.31B+130%
P/S1.4×+0.7×

Profitability

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Operating margin-1%-0.4pp
Net margin-1.2%-0.5pp

Returns & leverage

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Return on equity-5%-1.8pp
Debt / equity0.4×0.0×
Current ratio+0.3×

Where this comes from

Calculated from InnovAge Holdings, Inc.’s reported figures.

Based on trailing twelve months.

The official record: InnovAge Holdings, Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is InnovAge Holdings, Inc.'s free cash flow margin?
InnovAge Holdings, Inc. (INNV) reported free cash flow margin of 4.5% in Q1 2026.
How has InnovAge Holdings, Inc.'s free cash flow margin changed year-over-year?
InnovAge Holdings, Inc.'s free cash flow margin increased by 133.2% year-over-year, from 1.9% to 4.5%.
What is the long-term trend for InnovAge Holdings, Inc.'s free cash flow margin?
Over 2 years (2022 to 2025), InnovAge Holdings, Inc.'s free cash flow margin has grown at a 41.1% compound annual growth rate (CAGR), from -1.6% to 3.1%.
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.