Evolent Health (EVH) Operating Margin (2015 - 2026)
Evolent Health (EVH) posted Operating Margin of -1.47% for Q2 2026, down 1.20 percentage points from -0.26% a year earlier but up 0.67 percentage points from the prior quarter.
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Analysis
Evolent Health (EVH) Operating Margin (2015 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Evolent Health was -20.39%, down 18.67 percentage points year-over-year; for FY2025, it came in at -21.86%, down 20.27 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of +6.57 percentage points (FY2020 to FY2025).
- In prior years, Evolent Health's Operating Margin was -1.58% in FY2024 (+2.04 pp), -3.63% in FY2023 (-3.90 pp), 0.27% in FY2022 (+4.94 pp) and -4.67% in FY2021 (+23.76 pp).
- Quarterly Operating Margin has run from a low of -87.10% in Q4 2025 to a high of 3.67% in Q3 2022 over five years.
- On a year-over-year basis, Operating Margin has declined in each of the last three quarters, with an average year-over-year change of -10.28 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q3 2022, with a gain of 6.63 percentage points; the weakest was Q4 2025, with a drop of 84.22 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was -2.14% (Q1 2026), -87.10% (Q4 2025) and 0.18% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.08 Bn | 93.52 Bn | - | - |
| 2 | Natera | 59.53 Bn | 55.21 Bn | 485.19 Mn | -10.07% |
| 3 | Quest Diagnostics | 25.60 Bn | 24.03 Bn | 1.03 Bn | 15.08% |
| 4 | Labcorp Holdings | 24.98 Bn | 22.75 Bn | 1.11 Bn | 12.10% |
| 5 | Guardant Health | 23.75 Bn | 19.81 Bn | 219.03 Mn | -38.55% |
| 6 | Tenet Healthcare | 20.75 Bn | 11.90 Bn | - | 26.67% |
| 7 | Tempus AI | 14.47 Bn | 11.50 Bn | 246.50 Mn | -19.85% |
| 8 | Encompass Health | 12.19 Bn | 12.65 Bn | - | - |
| 9 | Davita | 11.20 Bn | 9.97 Bn | 1.16 Bn | 16.29% |
| 10 | Evolent Health | 399.10 Mn | -127.19 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% |
API Access
Evolent Health Operating 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=operating-margin&ticker=EVH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=EVH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();