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

Evolent Health (EVH) recorded quarterly FCF Margin of 1.49% in Q1 2026, down 117.01% quarter-over-quarter from 8.76% in Q4 2025, and down 66.0% on a YoY basis from 4.38% in Q1 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.

  • In Q1 2026, FCF Margin fell 66.0% year-over-year to 1.49%; the TTM figure through Mar 2026 stood at 0.07% (up 48.0% YoY), while the FY2025 annual figure was 0.25%, up 49.0% from the prior year.
  • FCF Margin was 1.49% for Q1 2026 at Evolent Health, down from 8.76% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 14.99% in Q4 2023 to a low of 22.2% in Q1 2022.
  • Historically, FCF Margin has averaged 0.02% across 5 years, with a median of 0.07% in 2024.
  • The sharpest annual moves came in 2022 and 2023: FCF Margin slumped 2099 bps in 2022, then surged 1822 bps in 2023.
  • A 5-year view of FCF Margin shows it stood at 6.52% in 2022, then jumped by 130 bps to 14.99% in 2023, then plunged by 133 bps to 5.01% in 2024, then soared by 275 bps to 8.76% in 2025, then sank by 117 bps to 1.49% in 2026.
  • The last three FCF Margin figures came in at 1.49% (Q1 2026), 8.76% (Q4 2025), and 1.43% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Veeva Systems 24.83 Bn 17.52 Bn 662.02 Mn 127.46%
2 BrightSpring Health Services 13.57 Bn 12.69 Bn 482.22 Mn 3.30%
3 Healthequity 7.20 Bn 6.93 Bn 256.31 Mn 23.01%
4 Hinge Health 5.42 Bn 5.11 Bn 154.23 Mn 23.62%
5 10x Genomics 4.46 Bn 3.92 Bn 106.18 Mn 17.24%
6 Doximity 3.81 Bn 3.06 Bn 125.97 Mn 73.79%
7 Waystar Holding 3.52 Bn 3.36 Bn 268.04 Mn 22.17%
8 Privia Health 2.94 Bn 2.57 Bn 595.71 Mn -8.19%
9 Omnicell 1.76 Bn 1.59 Bn 140.36 Mn 13.57%
10 Evolent Health 501.33 Mn 335.36 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%