Clover Health Investments (CLOV) Gross Margin (2020 - 2026)
Clover Health Investments (CLOV) recorded Gross Margin of 20.59% in Q2 2026, down 0.27 percentage points from 20.86% a year earlier and down 0.71 percentage points from the prior quarter.
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Analysis
Clover Health Investments (CLOV) Gross Margin (2020 - 2026) Analysis & Trends
On a TTM basis, Clover Health Investments' Gross Margin came in at 18.57% as of Jun 30, 2026, down 5.29 percentage points year-over-year; for FY2025, it was 18.50%, down 8.11 percentage points from FY2024.
- Annual Gross Margin has a five-year change of +6.19 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 26.61% in FY2024 (+6.30 pp), 20.30% in FY2023 (+13.90 pp), 6.41% in FY2022 (+11.79 pp) and -5.38% in FY2021 (-17.69 pp).
- Quarterly Gross Margin has ranged from -2.29% in Q4 2021 to 30.29% in Q2 2024 over the past five years.
- On a year-over-year basis, Gross Margin has declined for six consecutive quarters, with an average year-over-year change of -3.13 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 25.13 percentage points in Q2 2023, against a drop of 16.47 percentage points in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 21.30% (Q1 2026), 15.22% (Q4 2025) and 14.73% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 341.92 Bn | 226.55 Bn | 36.67 Bn | 32.74% |
| 2 | Cvs Health | 112.26 Bn | 64.87 Bn | 47.23 Bn | 44.52% |
| 3 | Mckesson | 99.84 Bn | 86.30 Bn | 3.69 Bn | 3.50% |
| 4 | Elevance Health | 85.53 Bn | -56.21 Bn | 13.45 Bn | 26.65% |
| 5 | Cigna | 71.85 Bn | 41.39 Bn | 14.97 Bn | 20.88% |
| 6 | Cencora | 57.95 Bn | 47.04 Bn | 3.61 Bn | 4.26% |
| 7 | Cardinal Health | 51.09 Bn | 35.09 Bn | 2.56 Bn | 4.02% |
| 8 | Humana | 46.78 Bn | -41.02 Bn | 5.50 Bn | 13.45% |
| 9 | Centene | 30.87 Bn | -59.41 Bn | 14.55 Bn | 27.16% |
| 10 | Clover Health Investments | 2.29 Bn | 1.55 Bn | 153.00 Mn | 20.59% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.59% |
| Mar 31, 2026 | 21.30% |
| Dec 31, 2025 | 15.22% |
| Sep 30, 2025 | 14.73% |
| Jun 30, 2025 | 20.86% |
| Mar 31, 2025 | 23.55% |
| Dec 31, 2024 | 27.87% |
| Sep 30, 2024 | 24.54% |
| Jun 30, 2024 | 30.29% |
| Mar 31, 2024 | 23.57% |
| Dec 31, 2023 | 20.05% |
| Sep 30, 2023 | 22.95% |
| Jun 30, 2023 | 23.70% |
| Mar 31, 2023 | 14.66% |
| Sep 30, 2022 | 1.99% |
| Jun 30, 2022 | -1.43% |
| Mar 31, 2022 | 1.45% |
| Dec 31, 2021 | -2.29% |
| Sep 30, 2021 | -2.14% |
| Jun 30, 2021 | -11.16% |
API Access
Clover Health Investments Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=CLOV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "CLOV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=CLOV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();