Evolent Health (EVH) Gross Margin (2015 - 2026)
Evolent Health (EVH) posted quarterly Gross Margin of 16.88% for Q1 2026, down 431.0% year-over-year from 5.1% in Q1 2025, and down 18.64% quarter-over-quarter from 20.75% in Q4 2025.
Evolent Health (EVH) Gross Margin (2015 - 2026) Analysis & Trends
Evolent Health's Gross Margin history runs 12 years deep, the most recent figure standing at 16.88% for Q1 2026.
- In Q1 2026, Gross Margin fell 431.0% year-over-year to 16.88%; the TTM figure through Mar 2026 stood at 20.18% (up 493.0% YoY), while the FY2025 annual figure was 21.31%, up 693.0% from the prior year.
- Gross Margin for Q1 2026 stood at 16.88%, down from 20.75% in the prior quarter.
- The five-year high for Gross Margin was 27.41% in Q1 2023, with the low at 11.71% in Q4 2024.
- The 5-year median for Gross Margin is 21.19% (2025), against an average of 20.52%.
- The sharpest annual moves came in 2022 and 2025: Gross Margin sank 1205 bps in 2022, then jumped 904 bps in 2025.
- Evolent Health's Gross Margin stood at 21.72% in 2022, then decreased by 16 bps to 18.28% in 2023, then sank by 36 bps to 11.71% in 2024, then surged by 77 bps to 20.75% in 2025, then fell by 19 bps to 16.88% in 2026.
- Business Quant data shows EVH's Gross Margin at 16.88% in Q1 2026, 20.75% in Q4 2025, and 20.81% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 74.98% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 12.72% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 72.27% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 74.48% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 86.44% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 57.35% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 69.44% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 84.87% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 83.00% |
| 10 | Evolent Health | 529.12 Mn | 387.65 Mn | 80.84 Mn | 12.39% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 12.39% |
| Mar 31, 2026 | 16.88% |
| Dec 31, 2025 | 20.75% |
| Sep 30, 2025 | 20.81% |
| Jun 30, 2025 | 22.59% |
| Mar 31, 2025 | 21.19% |
| Dec 31, 2024 | 11.71% |
| Sep 30, 2024 | 12.99% |
| Jun 30, 2024 | 16.51% |
| Mar 31, 2024 | 16.28% |
| Dec 31, 2023 | 18.28% |
| Sep 30, 2023 | 24.35% |
| Jun 30, 2023 | 24.98% |
| Mar 31, 2023 | 27.41% |
| Dec 31, 2022 | 21.72% |
| Sep 30, 2022 | 24.38% |
| Jun 30, 2022 | 21.95% |
| Mar 31, 2022 | 26.03% |
| Dec 31, 2021 | 33.77% |
| Sep 30, 2021 | 26.68% |