Evolent Health (EVH) Operating Margin (2015 - 2026)
Evolent Health's (EVH) quarterly Operating Margin came in at 2.14% in Q1 2026, down 180.0% year-on-year from 2.67% in Q1 2025, and up 97.55% quarter-over-quarter from 87.1% in Q4 2025.
Evolent Health (EVH) Operating Margin (2015 - 2026) Analysis & Trends
Evolent Health's Operating Margin history runs 12 years deep, the most recent figure standing at 2.14% for Q1 2026.
- On a quarterly basis, Operating Margin fell 180.0% year-over-year to 2.14% in Q1 2026; TTM through Mar 2026 was 22.19%, a 2099.0% decrease from a year earlier, with the FY2025 full-year figure at 21.86%, down 2027.0% from the prior year.
- Operating Margin improved to 2.14% in Q1 2026 per EVH's latest filing, from 87.1% in the prior quarter.
- Across five years, Operating Margin topped out at 3.67% in Q3 2022 and bottomed at 87.1% in Q4 2025.
- The 5-year median for Operating Margin is 2.1% (2024), against an average of 6.45%.
- Across the five-year window, Operating Margin surged 663 bps in 2022 and slumped 8422 bps in 2025, its largest moves.
- Year by year, Operating Margin stood at 0.49% in 2022, then tumbled by 682 bps to 3.84% in 2023, then grew by 25 bps to 2.88% in 2024, then sank by 2928 bps to 87.1% in 2025, then jumped by 98 bps to 2.14% in 2026.
- Per Business Quant, the three latest EVH Operating Margin figures stand at 2.14% (Q1 2026), 87.1% (Q4 2025), and 0.18% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 29.34 Bn | 22.03 Bn | 662.02 Mn | 30.93% |
| 2 | BrightSpring Health Services | 13.49 Bn | 12.59 Bn | 482.22 Mn | 3.36% |
| 3 | Healthequity | 7.96 Bn | 7.70 Bn | 256.31 Mn | 29.03% |
| 4 | 10x Genomics | 6.17 Bn | 5.63 Bn | 106.18 Mn | -11.30% |
| 5 | Hinge Health | 6.02 Bn | 5.70 Bn | 154.23 Mn | 17.59% |
| 6 | MiniMed | 4.19 Bn | 3.89 Bn | 480.00 Mn | -11.11% |
| 7 | Waystar Holding | 4.14 Bn | 4.07 Bn | 216.84 Mn | 25.64% |
| 8 | Doximity | 3.82 Bn | 3.08 Bn | 125.97 Mn | 17.08% |
| 9 | Privia Health | 3.10 Bn | 2.73 Bn | - | 1.23% |
| 10 | Evolent Health | 517.00 Mn | 351.02 Mn | 83.77 Mn | -2.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | -3.45% |