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Evolent Health, Inc. EVH

NYSE · stock · Services-Management Services · website · IPO 2015-06-05 · LEI

Evolent Health, Inc. statistics & valuation

Market cap$619.8M
P / S0.3×
P / B1.5×
Net margin-28.5%
Return on equity-128.7%
Net debt$818.7M
Enterprise value USD$1.4B
Earnings yield EBIT/EV-28.5%
Return on capital-27.1%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
-62.80% -13.90% -8.40% -35.70% -36.10% -4.10% -1.40% -5.80% -2.40% -28.50% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
-93.40% -16.70% -7.60% -36.50% -28.40% -4.70% 0.30% -3.60% -1.60% -21.90% 2016201720182019202020212022202320242025
Return on equity (%)
-17.50% -5.80% -4.40% -32.50% -53.90% -5.40% -2.20% -10.60% -6.20% -128.70% 2016201720182019202020212022202320242025
Shares outstanding
45.0M 64.4M 84.6M 84.9M 86.1M 93.7M 111.3M 114.7M 114.2M 2016201720182019202020212022202320242025
Net debt ($)
-$14.3M -$117.0M -$7.3M $192.7M -$55.7M -$50.6M $224.8M $404.2M $386.3M $818.7M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-13.30% -4.60% -3.10% -20.20% -24.40% -2.60% -1.10% -4.20% -2.40% -28.10% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-20.10% -12.80% -9.60% -9.20% 2016201720182019202020212022202320242025
Debt / equity (×)
0.13× 0.12× 0.19× 0.32× 0.43× 0.31× 0.48× 0.56× 0.49× 2.34× 2016201720182019202020212022202320242025
EPS ($)
-$3.55 -$0.94 -$3.67 -$3.94 -$0.44 -$0.20 -$1.28 -$0.81 -$5.07 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin-21.9%-1.6%-3.6%0.3%-4.7%-28.4%-36.5%-7.6%-16.7%-93.4%
Net margin-28.5%-2.4%-5.8%-1.4%-4.1%-36.1%-35.7%-8.4%-13.9%-62.8%
FCF margin——————-9.2%-9.6%-12.8%-20.1%
Return on assets-28.1%-2.4%-4.2%-1.1%-2.6%-24.4%-20.2%-3.1%-4.6%-13.3%
Return on equity-128.7%-6.2%-10.6%-2.2%-5.4%-53.9%-32.5%-4.4%-5.8%-17.5%
Debt / equity2.34×0.49×0.56×0.48×0.31×0.43×0.32×0.19×0.12×0.13×
Current ratio1.310.851.011.101.181.361.191.812.852.01

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.