Evolent Health (EVH) Invested Capital (2019 - 2026)
Evolent Health's Invested Capital came in at $1.35 billion for Q2 2026, down 21.4% from $1.72 billion a year earlier and down 1.5% from the prior quarter.
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Analysis
Evolent Health (EVH) Invested Capital (2019 - 2026) Analysis & Trends
For FY2025, Evolent Health's Invested Capital was $1.39 billion, down 16.7% from FY2024.
- Invested Capital carries a five-year compound annual growth rate of 8.8% (FY2020 to FY2025).
- Going back by year, Invested Capital was $1.66 billion in FY2024 (-0.1%), $1.66 billion in FY2023 (+30.8%), $1.27 billion in FY2022 (+39.9%) and $909.31 million in FY2021 (unchanged).
- The Q2 2026 figure represents the lowest quarterly Invested Capital since Q4 2022.
- Year-over-year, Invested Capital has declined for three consecutive quarters, with an average decline of 4.6% over the last eight quarters.
- The fastest year-over-year change in Invested Capital over five years came in Q1 2023 (growth of 96.2%), and the weakest in Q1 2026 (a decline of 21.9%).
- Business Quant data shows EVH's Invested Capital at $1.37 billion (Q1 2026), $1.39 billion (Q4 2025) and $1.9 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 93.06 Bn | 92.50 Bn | - | 43.08 Bn |
| 2 | Natera | 59.36 Bn | 55.04 Bn | 485.19 Mn | 1.90 Bn |
| 3 | Quest Diagnostics | 25.72 Bn | 24.15 Bn | 1.03 Bn | 13.46 Bn |
| 4 | Labcorp Holdings | 24.93 Bn | 22.69 Bn | 1.11 Bn | 14.47 Bn |
| 5 | Guardant Health | 23.83 Bn | 19.89 Bn | 219.03 Mn | - |
| 6 | Tenet Healthcare | 20.58 Bn | 11.72 Bn | - | 19.81 Bn |
| 7 | Tempus AI | 14.35 Bn | 11.38 Bn | 246.50 Mn | 444.93 Mn |
| 8 | Encompass Health | 11.99 Bn | 12.46 Bn | - | 6.04 Bn |
| 9 | BrightSpring Health Services | 11.21 Bn | 9.55 Bn | 492.75 Mn | 4.24 Bn |
| 10 | Evolent Health | 392.32 Mn | -133.97 Mn | 80.84 Mn | 1.35 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.35 Bn |
| Mar 31, 2026 | 1.37 Bn |
| Dec 31, 2025 | 1.39 Bn |
| Sep 30, 2025 | 1.90 Bn |
| Jun 30, 2025 | 1.72 Bn |
| Mar 31, 2025 | 1.75 Bn |
| Dec 31, 2024 | 1.66 Bn |
| Sep 30, 2024 | 1.64 Bn |
| Jun 30, 2024 | 1.65 Bn |
| Mar 31, 2024 | 1.65 Bn |
| Dec 31, 2023 | 1.66 Bn |
| Sep 30, 2023 | 1.70 Bn |
| Jun 30, 2023 | 1.73 Bn |
| Mar 31, 2023 | 1.75 Bn |
| Dec 31, 2022 | 1.27 Bn |
| Sep 30, 2022 | 1.27 Bn |
| Jun 30, 2022 | 896.23 Mn |
| Mar 31, 2022 | 893.81 Mn |
| Dec 31, 2021 | 909.31 Mn |
| Sep 30, 2021 | 845.25 Mn |
API Access
Evolent Health Invested Capital 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=invested-capital&ticker=EVH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=EVH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();