Clover Health Investments (CLOV) Gross Margin (2020 - 2026)
Clover Health Investments (CLOV) posted Gross Margin of 20.77% for Q1 2026, up 127.02% on a QoQ basis from 9.15% in Q4 2025, and down 279.0% year-over-year from 11.6% in Q1 2025.
Clover Health Investments (CLOV) Gross Margin (2020 - 2026) Analysis & Trends
Clover Health Investments' Gross Margin history runs 7 years deep, the most recent figure standing at 20.77% for Q1 2026.
- Quarterly Gross Margin fell 279.0% year-over-year to 20.77% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 16.68% (down 837.0% YoY) and the FY2025 annual result came in at 17.09%, down 808.0% from the prior year.
- Gross Margin was 20.77% for Q1 2026 at Clover Health Investments, up from 9.15% in the prior quarter.
- Across five years, Gross Margin topped out at 655.78% in Q4 2022 and bottomed at 219.84% in Q2 2022.
- A 5-year average of 15.88% and a median of 20.77% in 2026 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin jumped 65807 bps — and 2023, when it sank 64262 bps.
- Clover Health Investments' Gross Margin stood at 655.78% in 2022, then tumbled by 98 bps to 13.16% in 2023, then jumped by 65 bps to 21.78% in 2024, then tumbled by 58 bps to 9.15% in 2025, then jumped by 127 bps to 20.77% in 2026.
- Business Quant data shows CLOV's Gross Margin at 20.77% in Q1 2026, 9.15% in Q4 2025, and 14.73% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 384.70 Bn | 354.90 Bn | 38.23 Bn | 34.22% |
| 2 | Cvs Health | 136.05 Bn | 124.42 Bn | 22.85 Bn | 67.61% |
| 3 | Elevance Health | 82.25 Bn | 46.44 Bn | 35.79 Bn | 86.70% |
| 4 | Cigna | 75.16 Bn | 67.54 Bn | -44.29 Bn | -451.37% |
| 5 | Humana | 47.47 Bn | 25.57 Bn | 5.94 Bn | 14.98% |
| 6 | Centene | 31.35 Bn | 7.64 Bn | 43.95 Bn | 98.43% |
| 7 | Molina Healthcare | 10.44 Bn | 1.19 Bn | 1.43 Bn | 13.19% |
| 8 | Oscar Health | 8.62 Bn | 1.83 Bn | 1.42 Bn | 30.50% |
| 9 | Alignment Healthcare | 4.13 Bn | 3.41 Bn | 144.48 Mn | 11.70% |
| 10 | Clover Health Investments | 2.38 Bn | 2.18 Bn | 154.54 Mn | 20.77% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 20.77% |
| Dec 31, 2025 | 9.15% |
| Sep 30, 2025 | 14.73% |
| Jun 30, 2025 | 19.55% |
| Mar 31, 2025 | 23.55% |
| Dec 31, 2024 | 21.78% |
| Sep 30, 2024 | 24.54% |
| Jun 30, 2024 | 30.29% |
| Mar 31, 2024 | 22.40% |
| Dec 31, 2023 | 13.16% |
| Sep 30, 2023 | 21.73% |
| Jun 30, 2023 | 22.30% |
| Mar 31, 2023 | 13.34% |
| Dec 31, 2022 | 655.78% |
| Sep 30, 2022 | -213.48% |
| Jun 30, 2022 | -219.84% |
| Mar 31, 2022 | -209.78% |
| Dec 31, 2021 | -2.29% |
| Sep 30, 2021 | -114.25% |
| Jun 30, 2021 | -134.70% |