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Side-by-side financial comparison of Evolent Health, Inc. (EVH) and FinVolution Group (FINV). Click either name above to swap in a different company.

Evolent Health, Inc. is the larger business by last-quarter revenue ($496.2M vs $479.7M, roughly 1.0× FinVolution Group). FinVolution Group runs the higher net margin — 21.2% vs -5.4%, a 26.6% gap on every dollar of revenue.

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.

Volution Group plc is a manufacturer of ventilation equipment for commercial and residential customers. Based in Crawley, West Sussex, the company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

EVH vs FINV — Head-to-Head

Bigger by revenue
EVH
EVH
1.0× larger
EVH
$496.2M
$479.7M
FINV
Higher net margin
FINV
FINV
26.6% more per $
FINV
21.2%
-5.4%
EVH

Income Statement — Q1 FY2026 vs Q1 FY2025

Metric
EVH
EVH
FINV
FINV
Revenue
$496.2M
$479.7M
Net Profit
$-26.6M
$101.7M
Gross Margin
16.9%
Operating Margin
44.6%
Net Margin
-5.4%
21.2%
Revenue YoY
2.6%
Net Profit YoY
EPS (diluted)

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
EVH
EVH
FINV
FINV
Q1 26
$496.2M
Q4 25
$468.7M
Q3 25
$479.5M
Q2 25
$444.3M
Q1 25
$483.6M
$479.7M
Q4 24
$646.5M
Q3 24
$621.4M
Q2 24
$647.1M
Net Profit
EVH
EVH
FINV
FINV
Q1 26
$-26.6M
Q4 25
$-429.1M
Q3 25
$-20.9M
Q2 25
$-19.9M
Q1 25
$-64.6M
$101.7M
Q4 24
$-22.8M
Q3 24
$-23.1M
Q2 24
$1.6M
Gross Margin
EVH
EVH
FINV
FINV
Q1 26
16.9%
Q4 25
20.7%
Q3 25
20.8%
Q2 25
22.6%
Q1 25
21.2%
Q4 24
11.7%
Q3 24
13.0%
Q2 24
16.5%
Operating Margin
EVH
EVH
FINV
FINV
Q1 26
Q4 25
-87.1%
Q3 25
0.2%
Q2 25
-0.3%
Q1 25
-0.3%
44.6%
Q4 24
-2.9%
Q3 24
-2.6%
Q2 24
1.2%
Net Margin
EVH
EVH
FINV
FINV
Q1 26
-5.4%
Q4 25
-91.6%
Q3 25
-4.4%
Q2 25
-4.5%
Q1 25
-13.4%
21.2%
Q4 24
-3.5%
Q3 24
-3.7%
Q2 24
0.2%
EPS (diluted)
EVH
EVH
FINV
FINV
Q1 26
Q4 25
$-3.76
Q3 25
$-0.24
Q2 25
$-0.44
Q1 25
$-0.63
Q4 24
$-0.26
Q3 24
$-0.27
Q2 24
$-0.06

Balance Sheet & Financial Strength

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

Metric
EVH
EVH
FINV
FINV
Cash + ST InvestmentsLiquidity on hand
$142.0M
$745.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$396.4M
Total Assets
$1.9B
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EVH
EVH
FINV
FINV
Q1 26
$142.0M
Q4 25
$151.9M
Q3 25
$116.7M
Q2 25
$151.0M
Q1 25
$246.5M
$745.0M
Q4 24
$104.2M
Q3 24
$96.6M
Q2 24
$101.3M
Stockholders' Equity
EVH
EVH
FINV
FINV
Q1 26
$396.4M
Q4 25
$415.2M
Q3 25
$842.2M
Q2 25
$896.0M
Q1 25
$935.5M
Q4 24
$1.0B
Q3 24
$1.0B
Q2 24
$1.1B
Total Assets
EVH
EVH
FINV
FINV
Q1 26
$1.9B
Q4 25
$1.9B
Q3 25
$2.5B
Q2 25
$2.5B
Q1 25
$2.7B
$3.4B
Q4 24
$2.5B
Q3 24
$2.5B
Q2 24
$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
EVH
EVH
FINV
FINV
Operating Cash FlowLast quarter
$72.0M
Free Cash FlowOCF − Capex
$70.6M
FCF MarginFCF / Revenue
14.7%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
0.71×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EVH
EVH
FINV
FINV
Q1 26
Q4 25
$48.8M
Q3 25
$15.8M
Q2 25
$-30.3M
Q1 25
$4.6M
$72.0M
Q4 24
$-26.2M
Q3 24
$18.7M
Q2 24
$21.4M
Free Cash Flow
EVH
EVH
FINV
FINV
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
$70.6M
Q4 24
Q3 24
Q2 24
FCF Margin
EVH
EVH
FINV
FINV
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
14.7%
Q4 24
Q3 24
Q2 24
Capex Intensity
EVH
EVH
FINV
FINV
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
0.3%
Q4 24
Q3 24
Q2 24
Cash Conversion
EVH
EVH
FINV
FINV
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
0.71×
Q4 24
Q3 24
Q2 24
13.42×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EVH
EVH

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

FINV
FINV

Segment breakdown not available.

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