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

Evolent Health (EVH) recorded quarterly Gross Margin of 16.88% in Q1 2026, down 18.64% quarter-over-quarter from 20.75% in Q4 2025, and down 431.0% on a YoY basis from 5.1% in Q1 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 was 16.88% for Q1 2026 at Evolent Health, down from 20.75% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 27.41% in Q1 2023 to a low of 11.71% in Q4 2024.
  • Historically, Gross Margin has averaged 20.52% across 5 years, with a median of 21.19% in 2025.
  • The sharpest annual moves came in 2022 and 2025: Gross Margin slumped 1205 bps in 2022, then surged 904 bps in 2025.
  • A 5-year view of Gross Margin shows it stood at 21.72% in 2022, then slipped by 16 bps to 18.28% in 2023, then slumped by 36 bps to 11.71% in 2024, then soared by 77 bps to 20.75% in 2025, then retreated by 19 bps to 16.88% in 2026.
  • The last three Gross Margin figures came in at 16.88% (Q1 2026), 20.75% (Q4 2025), and 20.81% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Veeva Systems 24.83 Bn 17.52 Bn 662.02 Mn 74.98%
2 BrightSpring Health Services 13.57 Bn 12.69 Bn 482.22 Mn 13.34%
3 Healthequity 7.20 Bn 6.93 Bn 256.31 Mn 72.27%
4 Hinge Health 5.42 Bn 5.11 Bn 154.23 Mn 84.60%
5 10x Genomics 4.46 Bn 3.92 Bn 106.18 Mn 70.39%
6 Doximity 3.81 Bn 3.06 Bn 125.97 Mn 86.65%
7 Waystar Holding 3.52 Bn 3.36 Bn 268.04 Mn 85.40%
8 Privia Health 2.94 Bn 2.57 Bn 595.71 Mn 98.65%
9 Omnicell 1.76 Bn 1.59 Bn 140.36 Mn 45.30%
10 Evolent Health 501.33 Mn 335.36 Mn 83.77 Mn 16.88%

Historic Data

Download Data
DateValue
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%
Jun 30, 2021 22.49%