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Side-by-side financial comparison of Boot Barn Holdings, Inc. (BOOT) and Evolent Health, Inc. (EVH). Click either name above to swap in a different company.

Boot Barn Holdings, Inc. is the larger business by last-quarter revenue ($705.6M vs $496.2M, roughly 1.4× Evolent Health, Inc.). Boot Barn Holdings, Inc. runs the higher net margin — 12.2% vs -5.4%, a 17.5% gap on every dollar of revenue. On growth, Boot Barn Holdings, Inc. posted the faster year-over-year revenue change (16.0% vs 2.6%). Over the past eight quarters, Boot Barn Holdings, Inc.'s revenue compounded faster (34.8% CAGR vs -12.4%).

Henry Boot plc is a British property development business based in Sheffield, England. It was floated on the London Stock Exchange in 1919, becoming the first quoted housebuilder. Between the wars, Henry Boot built more houses than any other company. The company remains a significant construction and property management company operating in the UK.

Magellan Health Inc., is an American for-profit managed health care company and subsidiary of Centene that focuses on special populations and other specialty areas of healthcare. Magellan's customers include health plans and other managed care organizations, employers, labor unions, various military and governmental agencies and third-party administrators. It ranked 390 on the Fortune 500 in 2021.

BOOT vs EVH — Head-to-Head

Bigger by revenue
BOOT
BOOT
1.4× larger
BOOT
$705.6M
$496.2M
EVH
Growing faster (revenue YoY)
BOOT
BOOT
+13.4% gap
BOOT
16.0%
2.6%
EVH
Higher net margin
BOOT
BOOT
17.5% more per $
BOOT
12.2%
-5.4%
EVH
Faster 2-yr revenue CAGR
BOOT
BOOT
Annualised
BOOT
34.8%
-12.4%
EVH

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
BOOT
BOOT
EVH
EVH
Revenue
$705.6M
$496.2M
Net Profit
$85.8M
$-26.6M
Gross Margin
39.9%
16.9%
Operating Margin
16.3%
Net Margin
12.2%
-5.4%
Revenue YoY
16.0%
2.6%
Net Profit YoY
14.3%
EPS (diluted)
$2.79

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BOOT
BOOT
EVH
EVH
Q1 26
$496.2M
Q4 25
$705.6M
$468.7M
Q3 25
$505.4M
$479.5M
Q2 25
$504.1M
$444.3M
Q1 25
$453.7M
$483.6M
Q4 24
$608.2M
$646.5M
Q3 24
$425.8M
$621.4M
Q2 24
$423.4M
$647.1M
Net Profit
BOOT
BOOT
EVH
EVH
Q1 26
$-26.6M
Q4 25
$85.8M
$-429.1M
Q3 25
$42.2M
$-20.9M
Q2 25
$53.4M
$-19.9M
Q1 25
$37.5M
$-64.6M
Q4 24
$75.1M
$-22.8M
Q3 24
$29.4M
$-23.1M
Q2 24
$38.9M
$1.6M
Gross Margin
BOOT
BOOT
EVH
EVH
Q1 26
16.9%
Q4 25
39.9%
20.7%
Q3 25
36.4%
20.8%
Q2 25
39.1%
22.6%
Q1 25
37.1%
21.2%
Q4 24
39.3%
11.7%
Q3 24
35.9%
13.0%
Q2 24
37.0%
16.5%
Operating Margin
BOOT
BOOT
EVH
EVH
Q1 26
Q4 25
16.3%
-87.1%
Q3 25
11.2%
0.2%
Q2 25
14.0%
-0.3%
Q1 25
11.0%
-0.3%
Q4 24
16.4%
-2.9%
Q3 24
9.4%
-2.6%
Q2 24
11.9%
1.2%
Net Margin
BOOT
BOOT
EVH
EVH
Q1 26
-5.4%
Q4 25
12.2%
-91.6%
Q3 25
8.4%
-4.4%
Q2 25
10.6%
-4.5%
Q1 25
8.3%
-13.4%
Q4 24
12.3%
-3.5%
Q3 24
6.9%
-3.7%
Q2 24
9.2%
0.2%
EPS (diluted)
BOOT
BOOT
EVH
EVH
Q1 26
Q4 25
$2.79
$-3.76
Q3 25
$1.37
$-0.24
Q2 25
$1.74
$-0.44
Q1 25
$1.24
$-0.63
Q4 24
$2.43
$-0.26
Q3 24
$0.95
$-0.27
Q2 24
$1.26
$-0.06

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BOOT
BOOT
EVH
EVH
Cash + ST InvestmentsLiquidity on hand
$200.1M
$142.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3B
$396.4M
Total Assets
$2.4B
$1.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOOT
BOOT
EVH
EVH
Q1 26
$142.0M
Q4 25
$200.1M
$151.9M
Q3 25
$64.7M
$116.7M
Q2 25
$95.3M
$151.0M
Q1 25
$69.8M
$246.5M
Q4 24
$152.9M
$104.2M
Q3 24
$37.4M
$96.6M
Q2 24
$83.4M
$101.3M
Stockholders' Equity
BOOT
BOOT
EVH
EVH
Q1 26
$396.4M
Q4 25
$1.3B
$415.2M
Q3 25
$1.2B
$842.2M
Q2 25
$1.2B
$896.0M
Q1 25
$1.1B
$935.5M
Q4 24
$1.1B
$1.0B
Q3 24
$1.0B
$1.0B
Q2 24
$981.8M
$1.1B
Total Assets
BOOT
BOOT
EVH
EVH
Q1 26
$1.9B
Q4 25
$2.4B
$1.9B
Q3 25
$2.3B
$2.5B
Q2 25
$2.1B
$2.5B
Q1 25
$2.0B
$2.7B
Q4 24
$2.0B
$2.5B
Q3 24
$1.9B
$2.5B
Q2 24
$1.8B
$2.5B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BOOT
BOOT
EVH
EVH
Operating Cash FlowLast quarter
$209.7M
Free Cash FlowOCF − Capex
$148.0M
FCF MarginFCF / Revenue
21.0%
Capex IntensityCapex / Revenue
8.7%
Cash ConversionOCF / Net Profit
2.44×
TTM Free Cash FlowTrailing 4 quarters
$89.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOOT
BOOT
EVH
EVH
Q1 26
Q4 25
$209.7M
$48.8M
Q3 25
$25.7M
$15.8M
Q2 25
$73.8M
$-30.3M
Q1 25
$-43.1M
$4.6M
Q4 24
$157.1M
$-26.2M
Q3 24
$-7.8M
$18.7M
Q2 24
$41.3M
$21.4M
Free Cash Flow
BOOT
BOOT
EVH
EVH
Q1 26
Q4 25
$148.0M
Q3 25
$-17.5M
Q2 25
$42.4M
Q1 25
$-83.1M
Q4 24
$114.2M
Q3 24
$-46.1M
Q2 24
$14.2M
FCF Margin
BOOT
BOOT
EVH
EVH
Q1 26
Q4 25
21.0%
Q3 25
-3.5%
Q2 25
8.4%
Q1 25
-18.3%
Q4 24
18.8%
Q3 24
-10.8%
Q2 24
3.4%
Capex Intensity
BOOT
BOOT
EVH
EVH
Q1 26
Q4 25
8.7%
Q3 25
8.6%
Q2 25
6.2%
Q1 25
8.8%
Q4 24
7.1%
Q3 24
9.0%
Q2 24
6.4%
Cash Conversion
BOOT
BOOT
EVH
EVH
Q1 26
Q4 25
2.44×
Q3 25
0.61×
Q2 25
1.38×
Q1 25
-1.15×
Q4 24
2.09×
Q3 24
-0.26×
Q2 24
1.06×
13.42×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BOOT
BOOT

Segment breakdown not available.

EVH
EVH

Performance Suite$323.3M65%
Specialty Technology and Services Suite$80.8M16%
Administrative Services$49.6M10%
Cases$42.6M9%

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