InnovAge Holding (INNV) Net Margin (2020 - 2026)
InnovAge Holding's (INNV) quarterly Net Margin came in at 11.88% in Q1 2026, down 677.0% YoY from 2.06% in Q1 2025, and down 342.31% on a QoQ basis from 4.9% in Q4 2025.
InnovAge Holding (INNV) Net Margin (2020 - 2026) Analysis & Trends
InnovAge Holding (INNV) has 7 years of Net Margin data on file, last reported at 11.88% in Q1 2026.
- Quarterly Net Margin fell 677.0% year-over-year to 11.88% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 1.64% (up 229.0% YoY) and the FY2025 annual result came in at 4.14%, down 110.0% from the prior year.
- Net Margin fell to 11.88% in Q1 2026, from 4.9% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 4.9% in Q4 2025 to a low of 11.88% in Q1 2026.
- A 5-year average of 3.98% and a median of 4.22% in 2023 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin plunged 1240 bps — and 2025, when it soared 1136 bps.
- Tracing INNV's Net Margin over 5 years: stood at 6.3% in 2022, then jumped by 68 bps to 2.02% in 2023, then plunged by 219 bps to 6.46% in 2024, then jumped by 176 bps to 4.9% in 2025, then slumped by 342 bps to 11.88% in 2026.
- The last three Net Margin figures came in at 11.88% (Q1 2026), 4.9% (Q4 2025), and 3.25% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 88.19 Bn | 90.61 Bn | 15.19 Bn | 9.54% |
| 2 | Tenet Healthcare | 21.59 Bn | 21.56 Bn | 4.45 Bn | 14.68% |
| 3 | Encompass Health | 12.19 Bn | 12.86 Bn | 1.34 Bn | -0.04% |
| 4 | Davita | 11.52 Bn | 12.39 Bn | 1.16 Bn | 9.66% |
| 5 | Ensign | 10.59 Bn | 10.27 Bn | 306.24 Mn | 6.93% |
| 6 | Universal Health Services | 8.79 Bn | 8.72 Bn | 3.29 Bn | 7.73% |
| 7 | Pacs | 7.04 Bn | 6.88 Bn | 338.46 Mn | 5.35% |
| 8 | Chemed | 6.96 Bn | 6.92 Bn | 221.47 Mn | 10.06% |
| 9 | Concentra Group Holdings Parent | 4.52 Bn | 4.38 Bn | 192.10 Mn | 11.10% |
| 10 | InnovAge Holding | 1.44 Bn | 1.31 Bn | 174.27 Mn | -11.88% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -11.88% |
| Dec 31, 2025 | 4.90% |
| 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 | -4.22% |
| Dec 31, 2022 | -6.30% |
| 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 | 2.10% |