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InnovAge Holdings, Inc. INNV Return on invested capital

Return on invested capital at other companies

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HumanaHUM
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7.1%-1.2pp
UnitedHealth Group logo
UnitedHealth GroupUNH
12.3%-6.5pp
Astrana Health logo
Astrana HealthASTH
4.6%-1.1pp
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Aveanna Healthcare Holdings Inc.AVAH
21.6%+7.0pp

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
FCF margin4.5%+2.6pp

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 return on invested capital?
InnovAge Holdings, Inc. (INNV) reported return on invested capital of -3.8% in Q1 2026.
How has InnovAge Holdings, Inc.'s return on invested capital changed year-over-year?
InnovAge Holdings, Inc.'s return on invested capital increased by 63.7% year-over-year, from -10.5% to -3.8%.
What is the long-term trend for InnovAge Holdings, Inc.'s return on invested capital?
Over 3 years (2022 to 2025), InnovAge Holdings, Inc.'s return on invested capital has grown at a 71.5% compound annual growth rate (CAGR), from -2% to -10%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.