InnovAge Holding (INNV) FCF Margin (2020 - 2026)
InnovAge Holding (INNV) recorded FCF Margin of 9.73% in fiscal Q1 2027 (quarter ended Sep 30, 2026), up 9.79 percentage points from -0.06% a year earlier and up 3.23 percentage points from the prior quarter.
InnovAge Holding (INNV) FCF Margin (2020 - 2026) Analysis & Trends
On a TTM basis, InnovAge Holding's FCF Margin came in at 7.49% as of Sep 30, 2026, up 3.41 percentage points year-over-year; for FY2026 (ended Jun 30, 2026), it came in at 5.09%, up 1.98 percentage points from FY2025.
- Annual FCF Margin has a five-year change of +9.03 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, FCF Margin came in at 3.12% in FY2025 (+8.98 pp), -5.87% in FY2024 (-5.41 pp), -0.45% in FY2023 (+1.11 pp) and -1.57% in FY2022 (+2.37 pp).
- The fiscal Q1 2027 figure is the highest quarterly FCF Margin since fiscal Q3 2025.
- On a year-over-year basis, FCF Margin rose in seven of the last eight quarters, with an average year-over-year change of +4.94 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 23.14 percentage points in fiscal Q3 2023, against a drop of 26.49 percentage points in fiscal Q2 2023 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 6.50% (Q4 2026), 5.77% (Q3 2026) and 7.93% (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.37 Bn | 104.21 Bn | 17.03 Bn | 15.64% |
| 2 | Natera | 45.03 Bn | 40.66 Bn | 513.47 Mn | 0.66% |
| 3 | Labcorp Holdings | 30.12 Bn | 28.22 Bn | 1.11 Bn | 10.82% |
| 4 | Quest Diagnostics | 28.44 Bn | 26.52 Bn | 1.04 Bn | 14.37% |
| 5 | Guardant Health | 20.93 Bn | 16.54 Bn | 236.15 Mn | -10.30% |
| 6 | BrightSpring Health Services | 14.41 Bn | 11.29 Bn | 518.55 Mn | 4.33% |
| 7 | Tempus AI | 14.27 Bn | 11.42 Bn | 266.70 Mn | -0.03% |
| 8 | Encompass Health | 13.98 Bn | 14.44 Bn | 1.54 Bn | 7.92% |
| 9 | Davita | 11.35 Bn | 10.22 Bn | 1.13 Bn | 10.04% |
| 10 | InnovAge Holding | 1.28 Bn | 741.03 Mn | 179.26 Mn | 9.73% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.73% |
| Jun 30, 2026 | 6.50% |
| 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% |
InnovAge Holding FCF 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=fcf-margin&ticker=INNV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "INNV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=INNV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();