Clover Health Investments (CLOV) Gross Margin (2020 - 2026)
Clover Health Investments' (CLOV) quarterly Gross Margin came in at 20.77% in Q1 2026, down 279.0% YoY from 11.6% in Q1 2025, and up 127.02% on a QoQ basis from 9.15% in Q4 2025.
Clover Health Investments (CLOV) Gross Margin (2020 - 2026) Analysis & Trends
Clover Health Investments (CLOV) has 7 years of Gross Margin data on file, last reported at 20.77% in 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 advanced to 20.77% in Q1 2026, from 9.15% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 655.78% in Q4 2022 to a low of 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 slumped 64262 bps.
- Tracing CLOV's Gross Margin over 5 years: stood at 655.78% in 2022, then sank by 98 bps to 13.16% in 2023, then surged by 65 bps to 21.78% in 2024, then sank by 58 bps to 9.15% in 2025, then surged by 127 bps to 20.77% in 2026.
- The last three Gross Margin figures came in at 20.77% (Q1 2026), 9.15% (Q4 2025), and 14.73% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 352.16 Bn | 320.69 Bn | 36.67 Bn | 32.74% |
| 2 | Cvs Health | 118.98 Bn | 105.02 Bn | 47.23 Bn | 44.52% |
| 3 | Elevance Health | 87.07 Bn | 51.12 Bn | 13.45 Bn | 26.65% |
| 4 | Humana | 45.75 Bn | 21.88 Bn | 5.50 Bn | 13.45% |
| 5 | Centene | 31.98 Bn | 4.93 Bn | 14.55 Bn | 27.16% |
| 6 | Molina Healthcare | 10.26 Bn | 1.34 Bn | 1.43 Bn | 13.19% |
| 7 | Oscar Health | 9.57 Bn | 1.02 Bn | 1.09 Bn | 22.25% |
| 8 | Alignment Healthcare | 2.75 Bn | 2.04 Bn | 180.96 Mn | 13.55% |
| 9 | Clover Health Investments | 2.18 Bn | 1.94 Bn | 153.00 Mn | 20.59% |
| 10 | Progyny | 2.00 Bn | 1.76 Bn | 89.30 Mn | 25.48% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 20.59% |
| 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% |