InnovAge Holding (INNV) Gross Margin (2020 - 2026)
InnovAge Holding's (INNV) quarterly Gross Margin came in at 69.17% in Q1 2026, up 103.0% YoY from 34.07% in Q1 2025, and up 0.59% on a QoQ basis from 68.76% in Q4 2025.
InnovAge Holding (INNV) Gross Margin (2020 - 2026) Analysis & Trends
InnovAge Holding (INNV) has 7 years of Gross Margin data on file, last reported at 69.17% in Q1 2026.
- Quarterly Gross Margin rose 103.0% year-over-year to 69.17% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 68.35% (down 74.0% YoY) and the FY2025 annual result came in at 68.5%, down 155.0% from the prior year.
- Gross Margin rose to 69.17% in Q1 2026, from 68.76% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 74.01% in Q1 2022 to a low of 67.5% in Q2 2025.
- A 5-year average of 69.5% and a median of 69.32% in 2022 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin tumbled 775 bps — and 2023, when it soared 192 bps.
- Tracing INNV's Gross Margin over 5 years: stood at 69.32% in 2022, then rose by 3 bps to 71.24% in 2023, then declined by 3 bps to 69.35% in 2024, then fell by 1 bps to 68.76% in 2025, then gained by 1 bps to 69.17% in 2026.
- The last three Gross Margin figures came in at 69.17% (Q1 2026), 68.76% (Q4 2025), and 67.86% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 88.19 Bn | 90.61 Bn | 15.19 Bn | 75.07% |
| 2 | Tenet Healthcare | 21.59 Bn | 21.56 Bn | 4.45 Bn | 79.14% |
| 3 | Encompass Health | 12.19 Bn | 12.86 Bn | 1.34 Bn | 84.04% |
| 4 | Davita | 11.52 Bn | 12.39 Bn | 1.16 Bn | 32.70% |
| 5 | Ensign | 10.59 Bn | 10.27 Bn | 306.24 Mn | 21.26% |
| 6 | Universal Health Services | 8.79 Bn | 8.72 Bn | 3.29 Bn | 70.85% |
| 7 | Pacs | 7.04 Bn | 6.88 Bn | 338.46 Mn | 23.70% |
| 8 | Chemed | 6.96 Bn | 6.92 Bn | 221.47 Mn | 32.90% |
| 9 | Concentra Group Holdings Parent | 4.52 Bn | 4.38 Bn | 192.10 Mn | 31.70% |
| 10 | InnovAge Holding | 1.44 Bn | 1.31 Bn | 174.27 Mn | 69.17% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 76.47% |
| Jun 30, 2021 | 77.58% |