InnovAge Holding (INNV) Net Margin (2020 - 2026)
InnovAge Holding (INNV) reported Net Margin of 11.9% for Q1 2026, down 678.0% on a YoY basis from 2.06% in Q1 2025, and down 341.57% quarter-over-quarter from 4.92% in Q4 2025.
InnovAge Holding (INNV) Net Margin (2020 - 2026) Analysis & Trends
InnovAge Holding has reported Net Margin for 7 years, with the latest figure at 11.9% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 678.0% year-over-year to 11.9%; the trailing twelve-month figure through Mar 2026 stood at 1.63% (up 229.0% YoY), and the FY2025 full-year result was 4.14%, down 110.0% from the prior year.
- Net Margin for Q1 2026 stood at 11.9%, down from 4.92% in the prior quarter.
- The five-year high for Net Margin was 4.92% in Q4 2025, with the low at 11.9% in Q1 2026.
- Historically, Net Margin has averaged 3.98% across 5 years, with a median of 4.24% in 2023.
- Annual changes were most pronounced in 2022 — Net Margin sank 1524 bps — and 2025, when it surged 1138 bps.
- InnovAge Holding's Net Margin stood at 6.31% in 2022, then surged by 68 bps to 2.02% in 2023, then plunged by 219 bps to 6.46% in 2024, then soared by 176 bps to 4.92% in 2025, then sank by 342 bps to 11.9% in 2026.
- The last three Net Margin figures came in at 11.9% (Q1 2026), 4.92% (Q4 2025), and 3.25% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 83.85 Bn | 86.23 Bn | 16.26 Bn | 9.72% |
| 2 | Tenet Healthcare | 14.98 Bn | 14.15 Bn | 4.41 Bn | 13.08% |
| 3 | Davita | 13.99 Bn | 14.84 Bn | 1.07 Bn | 8.05% |
| 4 | Encompass Health | 9.72 Bn | 10.34 Bn | 1.34 Bn | 1.00% |
| 5 | Ensign | 8.90 Bn | 8.31 Bn | 293.37 Mn | 6.93% |
| 6 | Universal Health Services | 8.59 Bn | 8.55 Bn | 3.21 Bn | 7.76% |
| 7 | Fresenius Medical Care AG | 7.67 Bn | 5.29 Bn | -4.26 Bn | 300.60% |
| 8 | Chemed | 5.97 Bn | 5.96 Bn | 215.76 Mn | 10.08% |
| 9 | Pacs | 5.74 Bn | 5.50 Bn | 345.96 Mn | 5.68% |
| 10 | InnovAge Holding | 1.21 Bn | 1.12 Bn | 243.20 Mn | -11.90% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -11.90% |
| Dec 31, 2025 | 4.92% |
| Sep 30, 2025 | 3.25% |
| Jun 30, 2025 | -2.26% |
| Mar 31, 2025 | -5.12% |
| Dec 31, 2024 | -6.46% |
| Sep 30, 2024 | -2.78% |
| Jun 30, 2024 | -1.13% |
| Mar 31, 2024 | -3.22% |
| Dec 31, 2023 | -2.02% |
| Sep 30, 2023 | -6.01% |
| Jun 30, 2023 | -6.76% |
| Mar 31, 2023 | -4.24% |
| Dec 31, 2022 | -6.31% |
| Sep 30, 2022 | -8.00% |
| Jun 30, 2022 | -7.82% |
| Mar 31, 2022 | -1.79% |
| Dec 31, 2021 | 0.63% |
| Sep 30, 2021 | 4.40% |
| Jun 30, 2021 | 7.42% |