InnovAge Holding (INNV) Operating Margin (2020 - 2026)
InnovAge Holding (INNV) reported Operating Margin of 11.54% for Q1 2026, down 689.0% on a YoY basis from 1.96% in Q1 2025, and down 308.62% quarter-over-quarter from 5.53% in Q4 2025.
InnovAge Holding (INNV) Operating Margin (2020 - 2026) Analysis & Trends
InnovAge Holding has reported Operating Margin for 7 years, with the latest figure at 11.54% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 689.0% year-over-year to 11.54%; the trailing twelve-month figure through Mar 2026 stood at 1.02% (up 289.0% YoY), and the FY2025 full-year result was 3.49%, down 45.0% from the prior year.
- Operating Margin for Q1 2026 stood at 11.54%, down from 5.53% in the prior quarter.
- The five-year high for Operating Margin was 5.53% in Q4 2025, with the low at 11.54% in Q1 2026.
- Historically, Operating Margin has averaged 4.03% across 5 years, with a median of 4.66% in 2025.
- Annual changes were most pronounced in 2022 — Operating Margin tumbled 1643 bps — and 2025, when it surged 1154 bps.
- InnovAge Holding's Operating Margin stood at 8.17% in 2022, then surged by 88 bps to 0.94% in 2023, then slumped by 536 bps to 6.01% in 2024, then jumped by 192 bps to 5.53% in 2025, then tumbled by 309 bps to 11.54% in 2026.
- The last three Operating Margin figures came in at 11.54% (Q1 2026), 5.53% (Q4 2025), and 3.51% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 83.85 Bn | 86.23 Bn | 16.26 Bn | -2.96% |
| 2 | Tenet Healthcare | 14.98 Bn | 14.15 Bn | 4.41 Bn | 24.14% |
| 3 | Davita | 13.99 Bn | 14.84 Bn | 1.07 Bn | 14.11% |
| 4 | Encompass Health | 9.72 Bn | 10.34 Bn | 1.34 Bn | 3.76% |
| 5 | Ensign | 8.90 Bn | 8.31 Bn | 293.37 Mn | 8.99% |
| 6 | Universal Health Services | 8.59 Bn | 8.55 Bn | 3.21 Bn | 11.19% |
| 7 | Fresenius Medical Care AG | 7.67 Bn | 5.29 Bn | -4.26 Bn | 9,308.50% |
| 8 | Chemed | 5.97 Bn | 5.96 Bn | 215.76 Mn | 12.86% |
| 9 | Pacs | 5.74 Bn | 5.50 Bn | 345.96 Mn | 8.45% |
| 10 | InnovAge Holding | 1.21 Bn | 1.12 Bn | 243.20 Mn | -11.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -11.54% |
| Dec 31, 2025 | 5.53% |
| Sep 30, 2025 | 3.51% |
| Jun 30, 2025 | -0.97% |
| Mar 31, 2025 | -4.66% |
| Dec 31, 2024 | -6.01% |
| Sep 30, 2024 | -2.39% |
| Jun 30, 2024 | -2.45% |
| Mar 31, 2024 | -3.00% |
| Dec 31, 2023 | -0.94% |
| Sep 30, 2023 | -5.87% |
| Jun 30, 2023 | -6.19% |
| Mar 31, 2023 | -4.73% |
| Dec 31, 2022 | -8.17% |
| Sep 30, 2022 | -9.70% |
| Jun 30, 2022 | -7.14% |
| Mar 31, 2022 | -3.76% |
| Dec 31, 2021 | 1.68% |
| Sep 30, 2021 | 6.74% |
| Jun 30, 2021 | 6.22% |