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Teladoc Health TDOC Ratios & Valuation

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Profitability
Gross margin69%-1.3pp69.3%-1.2pp69.5%-1.3pp69.8%-1.0pp70.3%-0.5pp
Operating margin-7.5%+3.0pp-8.1%+33.2pp-10.4%+29.3pp-10.9%+28.0pp-10.5%+28.9pp
Net margin-7.1%+1.0pp-6.8%+32.9pp-7.9%+31.0pp-8.8%+29.1pp-8.2%+30.4pp
Returns
Return on equity-13%+1.2pp-12.4%+42.1pp-13.9%+38.5pp-15.4%+36.2pp-14.2%+38.8pp
Return on invested capital-15.9%+15.2pp-28%+73.8pp-36.6%+63.4pp-34.9%+57.9pp-31.1%+57.4pp
Efficiency
Asset turnover0.9×+0.1×0.8×+0.1×0.8×+0.1×0.8×+0.1×0.8×+0.1×
Liquidity
Current ratio0.8×-1.8×2.8×+1.1×2.8×+1.0×2.7×+1.0×2.7×+1.0×
Leverage
Debt-to-equity0.8×+0.8×-0.4×-0.4×-0.4×-0.4×
Net debt / EBITDA1.5×+9.6×-4.7×-8.4×-9.7×-8.1×
Per Share
Book value per share$7.24-10.5%$7.46-9.0%$7.86-10.1%$7.87-10.5%$8.08-8.4%
Valuation
Market capitalization$1.21B-1.7%$972.26M-29.7%$1.24B-20.6%$1.37B-12.6%$1.4B-14.4%
Price / sales0.5×0.0×0.4×-0.2×0.5×-0.1×0.5×-0.1×0.6×-0.1×
Price / book0.9×+0.1×0.7×-0.2×0.9×-0.2×-0.1×-0.1×
EV / EBITDA8.7×+1.1×1.7×5.8×9.8×9.7×

FAQ

What are Teladoc Health's profit margins?
Teladoc Health (TDOC) runs a 69.0% gross margin and a -7.5% operating margin, with a -7.1% net margin.
Where do Teladoc Health's ratios come from?
Every ratio is computed from Teladoc Health's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.