Evolent Health (EVH) Operating Margin (2015 - 2026)
Evolent Health (EVH) posted Operating Margin of 1.47% for Q2 2026, up 31.4% on a QoQ basis from 2.14% in Q1 2026, and down 120.0% year-over-year from 7.33% in Q2 2025.
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Evolent Health (EVH) Operating Margin (2015 - 2026) Analysis & Trends
Evolent Health has reported Operating Margin for 12 years, with the latest figure at 1.47% in Q2 2026.
- On a quarterly basis, Operating Margin fell 120.0% year-over-year to 1.47% in Q2 2026; TTM through Jun 2026 was 20.39%, a 1867.0% decrease from a year earlier, with the FY2025 full-year figure at 21.86%, down 2027.0% from the prior year.
- Operating Margin was 1.47% for Q2 2026 at Evolent Health, up from 2.14% in the prior quarter.
- The five-year high for Operating Margin was 3.67% in Q3 2022, with the low at 87.1% in Q4 2025.
- Average Operating Margin over 5 years is 6.17%, with a median of 1.78% recorded in 2024.
- The sharpest annual moves came in 2022 and 2025: Operating Margin jumped 663 bps in 2022, then sank 8422 bps in 2025.
- Over 5 years, Operating Margin stood at 0.49% in 2022, then plunged by 682 bps to 3.84% in 2023, then increased by 25 bps to 2.88% in 2024, then slumped by 2928 bps to 87.1% in 2025, then jumped by 98 bps to 1.47% in 2026.
- The last three Operating Margin figures came in at 1.47% (Q2 2026), 2.14% (Q1 2026), and 87.1% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Davita | 11.76 Bn | 12.64 Bn | 1.16 Bn | 16.29% |
| 2 | RadNet | 5.80 Bn | 5.37 Bn | 88.08 Mn | 6.34% |
| 3 | Concentra Group Holdings Parent | 4.40 Bn | 4.26 Bn | 192.10 Mn | 18.99% |
| 4 | Privia Health | 2.61 Bn | 2.25 Bn | - | 1.86% |
| 5 | Pediatrix Medical | 2.20 Bn | 1.79 Bn | - | 11.67% |
| 6 | Fresenius Medical Care AG | 2.11 Bn | 1.41 Bn | 1.52 Bn | 9.58% |
| 7 | Progyny | 2.01 Bn | 1.77 Bn | 89.30 Mn | 11.41% |
| 8 | Surgery Partners | 1.87 Bn | 3.08 Bn | 622.10 Mn | 12.03% |
| 9 | U S Physical Therapy | 1.18 Bn | 1.47 Bn | 41.94 Mn | 10.25% |
| 10 | Evolent Health | 488.42 Mn | 346.95 Mn | 80.84 Mn | -1.47% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.47% |
| Mar 31, 2026 | -2.14% |
| Dec 31, 2025 | -87.10% |
| Sep 30, 2025 | 0.18% |
| Jun 30, 2025 | -0.26% |
| Mar 31, 2025 | -0.34% |
| Dec 31, 2024 | -2.88% |
| Sep 30, 2024 | -2.62% |
| Jun 30, 2024 | 1.20% |
| Mar 31, 2024 | -2.10% |
| Dec 31, 2023 | -3.84% |
| Sep 30, 2023 | -3.51% |
| Jun 30, 2023 | -4.60% |
| Mar 31, 2023 | -2.42% |
| Dec 31, 2022 | -0.49% |
| Sep 30, 2022 | 3.67% |
| Jun 30, 2022 | -1.45% |
| Mar 31, 2022 | -0.94% |
| Dec 31, 2021 | -4.92% |
| Sep 30, 2021 | -2.96% |