InnovAge Holding (INNV) Gross Margin (2020 - 2026)
InnovAge Holding posted quarterly Gross Margin of 96.53% for Q1 2026, down 30.0% year-on-year from 137.9% in Q1 2025, and up 40.39% on a QoQ basis from 68.76% in Q4 2025.
InnovAge Holding (INNV) has 7 years of Gross Margin data on file, last reported at 96.53% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 30.0% year-over-year to 96.53%; the trailing twelve-month figure through Mar 2026 stood at 75.61% (down 2106.0% YoY), and the FY2025 full-year result was 68.5%, down 2823.0% from the prior year.
- Gross Margin for Q1 2026 stood at 96.53%, up from 68.76% in the prior quarter.
- Across five years, Gross Margin topped out at 178.73% in Q2 2023 and bottomed at 6.8% in Q2 2022.
- The 5-year median for Gross Margin is 71.24% (2023), against an average of 81.92%.
- The widest annual swing landed in 2022, when Gross Margin tumbled 8860 bps; it then jumped 17193 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 69.32% in 2022, then gained by 3 bps to 71.24% in 2023, then soared by 35 bps to 96.31% in 2024, then decreased by 29 bps to 68.76% in 2025, then surged by 40 bps to 96.53% in 2026.
- The last three Gross Margin figures came in at 96.53% (Q1 2026), 68.76% (Q4 2025), and 67.86% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 84.64 Bn | 87.02 Bn | 16.26 Bn | 85.07% |
| 2 | Tenet Healthcare | 15.22 Bn | 14.39 Bn | 4.41 Bn | 82.10% |
| 3 | Davita | 13.10 Bn | 13.96 Bn | 1.07 Bn | 31.42% |
| 4 | Encompass Health | 10.50 Bn | 11.12 Bn | 1.34 Bn | 84.75% |
| 5 | Ensign | 9.69 Bn | 9.09 Bn | 293.37 Mn | 21.12% |
| 6 | Universal Health Services | 8.92 Bn | 8.88 Bn | 3.21 Bn | 71.44% |
| 7 | Fresenius Medical Care AG | 7.31 Bn | 4.93 Bn | 22,843.10 Bn | 99.98% |
| 8 | Chemed | 5.83 Bn | 5.81 Bn | 215.76 Mn | 32.82% |
| 9 | Pacs | 5.76 Bn | 5.51 Bn | 345.96 Mn | 24.35% |
| 10 | InnovAge Holding | 1.03 Bn | 938.20 Mn | 243.20 Mn | 96.53% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 96.53% |
| Dec 31, 2025 | 68.76% |
| Sep 30, 2025 | 67.86% |
| Jun 30, 2025 | 67.50% |
| Mar 31, 2025 | 96.83% |
| Dec 31, 2024 | 96.31% |
| Sep 30, 2024 | 96.84% |
| Jun 30, 2024 | 96.72% |
| Mar 31, 2024 | 69.40% |
| Dec 31, 2023 | 71.24% |
| Sep 30, 2023 | 69.72% |
| Jun 30, 2023 | 178.73% |
| Mar 31, 2023 | 68.73% |
| Dec 31, 2022 | 69.32% |
| Sep 30, 2022 | 97.42% |
| Jun 30, 2022 | 6.80% |
| Mar 31, 2022 | 74.01% |
| Dec 31, 2021 | 75.53% |
| Sep 30, 2021 | 76.47% |
| Jun 30, 2021 | 95.40% |
| Mar 31, 2021 | 96.42% |
| Dec 31, 2020 | 97.06% |
| Sep 30, 2020 | 74.91% |
| Jun 30, 2020 | 96.99% |
| Mar 31, 2020 | 72.86% |