InnovAge Holding (INNV) Return on Invested Capital [ROIC] (2021 - 2026)
InnovAge Holding's Return on Invested Capital [ROIC] was 4.89% in fiscal Q1 2027 (quarter ended Sep 30, 2026), up 10.35 percentage points from -5.46% a year earlier and up 4.89 percentage points from the prior quarter.
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Analysis
InnovAge Holding (INNV) Return on Invested Capital [ROIC] (2021 - 2026) Analysis & Trends
For FY2026 (ended Jun 30, 2026), Return on Invested Capital [ROIC] at InnovAge Holding came in at 0.00%, up 9.29 percentage points from FY2025.
- 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).
- The fiscal Q1 2027 figure marks the highest quarterly Return on Invested Capital [ROIC] since fiscal Q1 2022.
- Compared with a year earlier, Return on Invested Capital [ROIC] has increased for four straight quarters, with an average year-over-year change of +4.03 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 Q1 2027 was 0.00% (Q4 2026), -3.17% (Q3 2026) and 1.87% (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.37 Bn | 104.21 Bn | 17.03 Bn | 21.76% |
| 2 | Natera | 45.03 Bn | 40.66 Bn | 513.47 Mn | -9.90% |
| 3 | Labcorp Holdings | 30.12 Bn | 28.22 Bn | 1.11 Bn | 8.35% |
| 4 | Quest Diagnostics | 28.44 Bn | 26.52 Bn | 1.04 Bn | 9.85% |
| 5 | Guardant Health | 20.93 Bn | 16.54 Bn | 236.15 Mn | - |
| 6 | BrightSpring Health Services | 14.41 Bn | 11.29 Bn | 518.55 Mn | 10.04% |
| 7 | Tempus AI | 14.27 Bn | 11.42 Bn | 266.70 Mn | -57.17% |
| 8 | Encompass Health | 13.98 Bn | 14.44 Bn | 1.54 Bn | 11.80% |
| 9 | Davita | 11.35 Bn | 10.22 Bn | 1.13 Bn | 16.52% |
| 10 | InnovAge Holding | 1.28 Bn | 741.03 Mn | 179.26 Mn | 4.89% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 4.89% |
| 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% |
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();