InnovAge Holding (INNV) FCF Margin (2020 - 2026)
InnovAge Holding (INNV) reported FCF Margin of 5.77% for Q1 2026, down 419.0% on a YoY basis from 1.81% in Q1 2025, and down 27.2% quarter-over-quarter from 7.93% in Q4 2025.
InnovAge Holding (INNV) FCF Margin (2020 - 2026) Analysis & Trends
InnovAge Holding has reported FCF Margin for 7 years, with the latest figure at 5.77% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin fell 419.0% year-over-year to 5.77%; the trailing twelve-month figure through Mar 2026 stood at 4.48% (up 256.0% YoY), and the FY2025 full-year result was 3.12%, up 898.0% from the prior year.
- FCF Margin for Q1 2026 stood at 5.77%, down from 7.93% in the prior quarter.
- The five-year high for FCF Margin was 14.13% in Q1 2023, with the low at 25.13% in Q4 2022.
- Historically, FCF Margin has averaged 1.12% across 5 years, with a median of 1.58% in 2024.
- Annual changes were most pronounced in 2022 — FCF Margin sank 2649 bps — and 2023, when it jumped 2314 bps.
- InnovAge Holding's FCF Margin stood at 25.13% in 2022, then soared by 77 bps to 5.76% in 2023, then jumped by 145 bps to 2.59% in 2024, then jumped by 206 bps to 7.93% in 2025, then retreated by 27 bps to 5.77% in 2026.
- The last three FCF Margin figures came in at 5.77% (Q1 2026), 7.93% (Q4 2025), and 0.06% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 83.85 Bn | 86.23 Bn | 16.26 Bn | 4.68% |
| 2 | Tenet Healthcare | 14.98 Bn | 14.15 Bn | 4.41 Bn | 27.22% |
| 3 | Davita | 13.99 Bn | 14.84 Bn | 1.07 Bn | 6.41% |
| 4 | Encompass Health | 9.72 Bn | 10.34 Bn | 1.34 Bn | 9.50% |
| 5 | Ensign | 8.90 Bn | 8.31 Bn | 293.37 Mn | 6.49% |
| 6 | Universal Health Services | 8.59 Bn | 8.55 Bn | 3.21 Bn | 4.10% |
| 7 | Fresenius Medical Care AG | 7.67 Bn | 5.29 Bn | -4.26 Bn | 7,234.71% |
| 8 | Chemed | 5.97 Bn | 5.96 Bn | 215.76 Mn | 10.81% |
| 9 | Pacs | 5.74 Bn | 5.50 Bn | 345.96 Mn | 10.55% |
| 10 | InnovAge Holding | 1.21 Bn | 1.12 Bn | 243.20 Mn | 5.77% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.77% |
| Dec 31, 2025 | 7.93% |
| Sep 30, 2025 | -0.06% |
| Jun 30, 2025 | 4.15% |
| Mar 31, 2025 | 9.96% |
| Dec 31, 2024 | 2.59% |
| Sep 30, 2024 | -4.74% |
| Jun 30, 2024 | -0.72% |
| Mar 31, 2024 | 1.58% |
| Dec 31, 2023 | -5.76% |
| Sep 30, 2023 | -19.48% |
| Jun 30, 2023 | 5.16% |
| Mar 31, 2023 | 14.13% |
| Dec 31, 2022 | -25.13% |
| Sep 30, 2022 | 3.19% |
| Jun 30, 2022 | -8.59% |
| Mar 31, 2022 | -9.01% |
| Dec 31, 2021 | 1.36% |
| Sep 30, 2021 | 10.12% |
| Jun 30, 2021 | 3.51% |