Evolent Health (EVH) Gross Margin (2015 - 2026)
Evolent Health's (EVH) quarterly Gross Margin came in at 16.88% in Q1 2026, down 431.0% year-on-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.
- On a quarterly basis, Gross Margin fell 431.0% year-over-year to 16.88% in Q1 2026; TTM through Mar 2026 was 20.18%, a 493.0% increase from a year earlier, with the FY2025 full-year figure at 21.31%, up 693.0% from the prior year.
- Gross Margin slipped to 16.88% in Q1 2026 per EVH's latest filing, from 20.75% in the prior quarter.
- Across five years, Gross Margin topped out at 27.41% in Q1 2023 and bottomed at 11.71% in Q4 2024.
- The 5-year median for Gross Margin is 21.19% (2025), against an average of 20.52%.
- Across the five-year window, Gross Margin slumped 1205 bps in 2022 and jumped 904 bps in 2025, its largest moves.
- Year by year, Gross Margin stood at 21.72% in 2022, then slipped by 16 bps to 18.28% in 2023, then plunged 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.
- Per Business Quant, the three latest EVH Gross Margin figures stand at 16.88% (Q1 2026), 20.75% (Q4 2025), and 20.81% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 32.25 Bn | 24.94 Bn | 662.02 Mn | 74.98% |
| 2 | BrightSpring Health Services | 14.59 Bn | 13.69 Bn | 482.22 Mn | 13.34% |
| 3 | Healthequity | 8.33 Bn | 8.07 Bn | 256.31 Mn | 72.27% |
| 4 | Hinge Health | 5.98 Bn | 5.67 Bn | 154.23 Mn | 84.60% |
| 5 | 10x Genomics | 5.88 Bn | 5.34 Bn | 106.18 Mn | 70.39% |
| 6 | MiniMed | 4.49 Bn | 4.20 Bn | 480.00 Mn | 57.35% |
| 7 | Waystar Holding | 4.48 Bn | 4.41 Bn | 216.84 Mn | 69.08% |
| 8 | Doximity | 3.97 Bn | 3.22 Bn | 125.97 Mn | 86.65% |
| 9 | Privia Health | 3.13 Bn | 2.71 Bn | - | - |
| 10 | Evolent Health | 445.94 Mn | 279.96 Mn | 83.77 Mn | 16.88% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |