InnovAge Holding (INNV) Gross Margin (2020 - 2026)
InnovAge Holding (INNV) posted Gross Margin of 67.71% for fiscal Q1 2027 (quarter ended Sep 30, 2026), down 0.15 percentage points from 67.86% a year earlier and down 0.36 percentage points from the prior quarter.
InnovAge Holding (INNV) Gross Margin (2020 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Gross Margin at InnovAge Holding was 68.41%, up 0.22 percentage points year-over-year; for FY2026 (ended Jun 30, 2026), it came in at 68.47%, down 0.04 percentage points from FY2025.
- Annual Gross Margin shows a five-year change of -7.33 percentage points (FY2021 to FY2026).
- In prior fiscal years, InnovAge Holding's Gross Margin was 68.50% in FY2025 (-1.55 pp), 70.05% in FY2024 (+0.90 pp), 69.15% in FY2023 (-5.05 pp) and 74.20% in FY2022 (-1.59 pp).
- The fiscal Q1 2027 figure stands as the lowest quarterly Gross Margin since fiscal Q4 2025.
- On a year-over-year basis, Gross Margin increased in two of the last eight quarters, with an average year-over-year change of -0.74 percentage points.
- The strongest year-over-year quarter for Gross Margin in the past five years was fiscal Q2 2024, with a gain of 1.92 percentage points; the weakest was fiscal Q1 2023, with a drop of 7.75 percentage points.
- According to Business Quant data, Gross Margin for the three prior fiscal quarters was 68.07% (Q4 2026), 69.17% (Q3 2026) and 68.76% (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.37 Bn | 104.21 Bn | 17.03 Bn | 85.78% |
| 2 | Natera | 45.03 Bn | 40.66 Bn | 513.47 Mn | 64.67% |
| 3 | Labcorp Holdings | 30.12 Bn | 28.22 Bn | 1.11 Bn | 29.08% |
| 4 | Quest Diagnostics | 28.44 Bn | 26.52 Bn | 1.04 Bn | 33.65% |
| 5 | Guardant Health | 20.93 Bn | 16.54 Bn | 236.15 Mn | 65.42% |
| 6 | BrightSpring Health Services | 14.41 Bn | 11.29 Bn | 518.55 Mn | 12.31% |
| 7 | Tempus AI | 14.27 Bn | 11.42 Bn | 266.70 Mn | 64.81% |
| 8 | Encompass Health | 13.98 Bn | 14.44 Bn | 1.54 Bn | 95.96% |
| 9 | Davita | 11.35 Bn | 10.22 Bn | 1.13 Bn | 31.50% |
| 10 | InnovAge Holding | 1.28 Bn | 741.03 Mn | 179.26 Mn | 67.71% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 67.71% |
| Jun 30, 2026 | 68.07% |
| Mar 31, 2026 | 69.17% |
| Dec 31, 2025 | 68.76% |
| Sep 30, 2025 | 67.86% |
| Jun 30, 2025 | 67.50% |
| Mar 31, 2025 | 68.14% |
| Dec 31, 2024 | 69.35% |
| Sep 30, 2024 | 69.10% |
| Jun 30, 2024 | 69.84% |
| Mar 31, 2024 | 69.40% |
| Dec 31, 2023 | 71.24% |
| Sep 30, 2023 | 69.72% |
| Jun 30, 2023 | 69.81% |
| Mar 31, 2023 | 68.73% |
| Dec 31, 2022 | 69.32% |
| Sep 30, 2022 | 68.72% |
| Jun 30, 2022 | 70.80% |
| Mar 31, 2022 | 74.01% |
| Dec 31, 2021 | 75.53% |
InnovAge Holding Gross 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=gross-margin&ticker=INNV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=INNV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();