Evolent Health (EVH) FCF Margin (2015 - 2026)

Evolent Health's (EVH) quarterly FCF Margin came in at 1.49% in Q1 2026, down 66.0% year-on-year from 4.38% in Q1 2025, and down 117.01% quarter-over-quarter from 8.76% in Q4 2025.

Evolent Health (EVH) FCF Margin (2015 - 2026) Analysis & Trends

Evolent Health's FCF Margin history runs 12 years deep, the most recent figure standing at 1.49% for Q1 2026.

  • On a quarterly basis, FCF Margin fell 66.0% year-over-year to 1.49% in Q1 2026; TTM through Mar 2026 was 0.07%, a 48.0% increase from a year earlier, with the FY2025 full-year figure at 0.25%, up 49.0% from the prior year.
  • FCF Margin declined to 1.49% in Q1 2026 per EVH's latest filing, from 8.76% in the prior quarter.
  • Across five years, FCF Margin topped out at 14.99% in Q4 2023 and bottomed at 22.2% in Q1 2022.
  • The 5-year median for FCF Margin is 0.07% (2024), against an average of 0.02%.
  • Across the five-year window, FCF Margin slumped 2099 bps in 2022 and jumped 1822 bps in 2023, its largest moves.
  • Year by year, FCF Margin stood at 6.52% in 2022, then jumped by 130 bps to 14.99% in 2023, then slumped by 133 bps to 5.01% in 2024, then soared by 275 bps to 8.76% in 2025, then tumbled by 117 bps to 1.49% in 2026.
  • Per Business Quant, the three latest EVH FCF Margin figures stand at 1.49% (Q1 2026), 8.76% (Q4 2025), and 1.43% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Veeva Systems 33.04 Bn 25.73 Bn 662.02 Mn 127.46%
2 Healthequity 8.57 Bn 8.30 Bn 256.31 Mn 23.01%
3 10x Genomics 5.94 Bn 5.40 Bn 106.18 Mn 17.24%
4 Hinge Health 5.91 Bn 5.59 Bn 154.23 Mn 23.59%
5 MiniMed 4.63 Bn 4.33 Bn 480.00 Mn -27.00%
6 Waystar Holding 4.61 Bn 4.55 Bn 216.84 Mn 22.17%
7 Doximity 4.02 Bn 3.27 Bn 125.97 Mn 79.91%
8 Privia Health 3.09 Bn 2.67 Bn - -8.03%
9 Omnicell 1.94 Bn 1.70 Bn 140.36 Mn 18.01%
10 Evolent Health 410.69 Mn 244.71 Mn 83.77 Mn -1.49%

Historic Data

Download Data
DateValue
Mar 31, 2026 -1.49%
Dec 31, 2025 8.76%
Sep 30, 2025 1.43%
Jun 30, 2025 -8.80%
Mar 31, 2025 -0.83%
Dec 31, 2024 -5.01%
Sep 30, 2024 1.99%
Jun 30, 2024 2.21%
Mar 31, 2024 -0.07%
Dec 31, 2023 14.99%
Sep 30, 2023 10.51%
Jun 30, 2023 -1.32%
Mar 31, 2023 -3.98%
Dec 31, 2022 6.52%
Sep 30, 2022 -3.78%
Jun 30, 2022 1.38%
Mar 31, 2022 -22.20%
Dec 31, 2021 23.92%
Sep 30, 2021 17.20%
Jun 30, 2021 -13.43%