InnovAge Holding (INNV) Return on Invested Capital [ROIC] (2021 - 2026)
InnovAge Holding's Return on Invested Capital [ROIC] was 0.00% in fiscal Q4 2026 (quarter ended Jun 30, 2026), up 9.82 percentage points from -9.82% a year earlier and up 3.17 percentage points from the prior quarter.
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Analysis
InnovAge Holding (INNV) Return on Invested Capital [ROIC] (2021 - 2026) Analysis & Trends
From fiscal Q4 2021 onward, InnovAge Holding has reported Return on Invested Capital [ROIC] for 21 quarters.
- Return on Invested Capital [ROIC] shows a five-year change of +3.35 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Return on Invested Capital [ROIC] was -9.29% in FY2025 (-2.80 pp), -6.50% in FY2024 (+4.35 pp), -10.84% in FY2023 (-9.78 pp) and -1.07% in FY2022 (+2.28 pp).
- Quarterly Return on Invested Capital [ROIC] has moved between -11.38% (fiscal Q3 2023) and 5.55% (fiscal Q1 2022) over five years.
- Compared with a year earlier, Return on Invested Capital [ROIC] has increased for three straight quarters, with an average year-over-year change of +3.46 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was fiscal Q2 2026 (a gain of 10.48 percentage points); the worst was fiscal Q3 2023 (a drop of 14.54 percentage points).
- Per Business Quant data, INNV's Return on Invested Capital [ROIC] in the three fiscal quarters before Q4 2026 was -3.17% (Q3 2026), 1.87% (Q2 2026) and -5.46% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 93.08 Bn | 92.52 Bn | - | 22.01% |
| 2 | Natera | 58.93 Bn | 54.61 Bn | 485.19 Mn | -11.74% |
| 3 | Quest Diagnostics | 25.75 Bn | 24.18 Bn | 1.03 Bn | 9.40% |
| 4 | Labcorp Holdings | 24.96 Bn | 22.73 Bn | 1.11 Bn | 8.25% |
| 5 | Guardant Health | 23.76 Bn | 19.82 Bn | 219.03 Mn | - |
| 6 | Tenet Healthcare | 20.83 Bn | 11.98 Bn | - | 18.77% |
| 7 | Tempus AI | 13.43 Bn | 10.46 Bn | 246.50 Mn | -51.95% |
| 8 | BrightSpring Health Services | 11.90 Bn | 10.24 Bn | 492.75 Mn | 8.62% |
| 9 | Encompass Health | 11.82 Bn | 12.29 Bn | - | 15.40% |
| 10 | InnovAge Holding | 1.22 Bn | 733.46 Mn | 178.30 Mn | 0.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.00% |
| Mar 31, 2026 | -3.17% |
| Dec 31, 2025 | 1.87% |
| Sep 30, 2025 | -5.46% |
| Jun 30, 2025 | -9.82% |
| Mar 31, 2025 | -10.34% |
| Dec 31, 2024 | -8.61% |
| Sep 30, 2024 | -5.13% |
| Jun 30, 2024 | -6.66% |
| Mar 31, 2024 | -8.23% |
| Dec 31, 2023 | -8.65% |
| Sep 30, 2023 | -10.94% |
| Jun 30, 2023 | -11.24% |
| Mar 31, 2023 | -11.38% |
| Dec 31, 2022 | -10.10% |
| Sep 30, 2022 | -6.75% |
| Jun 30, 2022 | -1.06% |
| Mar 31, 2022 | 3.16% |
| Dec 31, 2021 | 2.29% |
| Sep 30, 2021 | 5.55% |
API Access
InnovAge Holding Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=INNV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "INNV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=INNV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();