Evolent Health (EVH) Gross Margin (2015 - 2026)
Evolent Health (EVH) recorded Gross Margin of 12.39% in Q2 2026, down 10.20 percentage points from 22.59% a year earlier and down 4.49 percentage points from the prior quarter.
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Analysis
Evolent Health (EVH) Gross Margin (2015 - 2026) Analysis & Trends
On a TTM basis, Evolent Health's Gross Margin came in at 17.25% as of Jun 30, 2026, up 0.88 percentage points year-over-year; for FY2025, it came in at 21.31%, up 6.93 percentage points from FY2024.
- Annual Gross Margin has a five-year change of -3.35 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 14.38% in FY2024 (-9.07 pp), 23.45% in FY2023 (+0.03 pp), 23.42% in FY2022 (-4.16 pp) and 27.58% in FY2021 (+2.91 pp).
- The Q2 2026 figure is the lowest quarterly Gross Margin since Q4 2024.
- On a year-over-year basis, Gross Margin rose in four of the last eight quarters, with an average year-over-year change of -0.57 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 9.04 percentage points in Q4 2025, against a drop of 12.05 percentage points in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 16.88% (Q1 2026), 20.75% (Q4 2025) and 20.81% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.13 Bn | 102.23 Bn | - | - |
| 2 | Natera | 44.93 Bn | 40.56 Bn | 513.47 Mn | 64.67% |
| 3 | Labcorp Holdings | 29.97 Bn | 28.06 Bn | 1.11 Bn | 29.08% |
| 4 | Quest Diagnostics | 28.09 Bn | 25.85 Bn | 1.04 Bn | 33.65% |
| 5 | Tenet Healthcare | 22.72 Bn | 12.03 Bn | - | - |
| 6 | Guardant Health | 20.11 Bn | 15.73 Bn | 236.15 Mn | 65.42% |
| 7 | BrightSpring Health Services | 13.90 Bn | 11.66 Bn | 518.55 Mn | 12.31% |
| 8 | Tempus AI | 13.80 Bn | 10.95 Bn | 266.70 Mn | 64.81% |
| 9 | Encompass Health | 13.52 Bn | 13.15 Bn | - | - |
| 10 | Evolent Health | 518.26 Mn | -8.03 Mn | 80.84 Mn | 12.39% |
Historic Data
Download Data
Historic 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% |
API Access
Evolent Health Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=EVH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "EVH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=EVH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();