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
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%