Growth Metrics

Evolent Health (EVH) Debt Ratio (2019 - 2026)

Evolent Health's quarterly Debt Ratio came in at 0.52 in Q1 2026, up 67.8% year-on-year from 0.31 in Q1 2025, and up 1.39% quarter-over-quarter from 0.51 in Q4 2025.

Evolent Health has reported Debt Ratio for 8 years, with the latest figure at 0.52 in Q1 2026.

  • For the quarter ending Q1 2026, Debt Ratio rose 67.8% year-over-year to 0.52; the trailing twelve-month figure through Mar 2026 stood at 0.52 (up 67.8% YoY), and the FY2025 full-year result was 0.51, up 96.41% from the prior year.
  • Debt Ratio for Q1 2026 stood at 0.52, up from 0.51 in the prior quarter.
  • The five-year high for Debt Ratio was 0.52 in Q1 2026, with the low at 0.21 in Q1 2022.
  • Average Debt Ratio over 5 years is 0.29, with a median of 0.24 recorded in 2024.
  • Year-over-year, Debt Ratio slipped 7.38% in 2024 and jumped 96.41% in 2025.
  • Tracing EVH's Debt Ratio over 5 years: stood at 0.23 in 2022, then decreased by 1.98% to 0.22 in 2023, then increased by 16.8% to 0.26 in 2024, then surged by 96.41% to 0.51 in 2025, then grew by 1.39% to 0.52 in 2026.
  • The last three Debt Ratio figures came in at 0.52 (Q1 2026), 0.51 (Q4 2025), and 0.43 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Veeva Systems 30.85 Bn 24.28 Bn 622.47 Mn -
2 BrightSpring Health Services 12.29 Bn 11.41 Bn 482.22 Mn 0.40
3 Healthequity 7.80 Bn 7.48 Bn 256.31 Mn 0.29
4 Hinge Health 4.82 Bn 4.51 Bn 154.23 Mn -
5 Doximity 4.21 Bn 3.46 Bn 125.97 Mn -
6 Waystar Holding 4.18 Bn 4.03 Bn 268.04 Mn 0.25
7 10x Genomics 3.78 Bn 3.24 Bn 106.18 Mn -
8 Privia Health 2.65 Bn 2.28 Bn 595.71 Mn -
9 Omnicell 1.95 Bn 1.78 Bn 140.36 Mn -
10 Evolent Health 467.76 Mn 301.79 Mn 83.77 Mn 0.52

Historic Data

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DateValue
Mar 31, 2026 0.52
Dec 31, 2025 0.51
Sep 30, 2025 0.43
Jun 30, 2025 0.33
Mar 31, 2025 0.31
Dec 31, 2024 0.26
Sep 30, 2024 0.24
Jun 30, 2024 0.24
Mar 31, 2024 0.23
Dec 31, 2023 0.22
Sep 30, 2023 0.23
Jun 30, 2023 0.24
Mar 31, 2023 0.24
Dec 31, 2022 0.23
Sep 30, 2022 0.23
Jun 30, 2022 0.22
Mar 31, 2022 0.21
Dec 31, 2021 0.15
Sep 30, 2021 0.19
Jun 30, 2021 0.18
Mar 31, 2021 0.18
Dec 31, 2020 0.21
Dec 31, 2019 0.20