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Side-by-side financial comparison of Evolent Health, Inc. (EVH) and Howard Hughes Holdings Inc. (HHH). Click either name above to swap in a different company.
Evolent Health, Inc. is the larger business by last-quarter revenue ($496.2M vs $235.9M, roughly 2.1× Howard Hughes Holdings Inc.). Howard Hughes Holdings Inc. runs the higher net margin — 3.4% vs -5.4%, a 8.8% gap on every dollar of revenue. On growth, Howard Hughes Holdings Inc. posted the faster year-over-year revenue change (18.4% vs 2.6%). Over the past eight quarters, Evolent Health, Inc.'s revenue compounded faster (-12.4% CAGR vs -13.8%).
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.
Howard Hughes Holdings Inc., formerly the Howard Hughes Corporation, is a real estate development and management company based in The Woodlands, Texas. It was formed in 2010 as a spin-off from General Growth Properties (GGP). Most of its holdings are focused on several master-planned communities. It took its name from the original Howard Hughes Corporation, which had developed the planned community of Summerlin, Nevada, and later became a subsidiary of GGP.
EVH vs HHH — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $496.2M | $235.9M |
| Net Profit | $-26.6M | $8.1M |
| Gross Margin | 16.9% | — |
| Operating Margin | — | 121.6% |
| Net Margin | -5.4% | 3.4% |
| Revenue YoY | 2.6% | 18.4% |
| Net Profit YoY | — | -25.6% |
| EPS (diluted) | — | $0.14 |
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.
| Q1 26 | $496.2M | $235.9M | ||
| Q4 25 | $468.7M | $624.4M | ||
| Q3 25 | $479.5M | $390.2M | ||
| Q2 25 | $444.3M | $260.9M | ||
| Q1 25 | $483.6M | $199.3M | ||
| Q4 24 | $646.5M | $935.0M | ||
| Q3 24 | $621.4M | $327.1M | ||
| Q2 24 | $647.1M | $317.4M |
| Q1 26 | $-26.6M | $8.1M | ||
| Q4 25 | $-429.1M | $6.0M | ||
| Q3 25 | $-20.9M | $119.5M | ||
| Q2 25 | $-19.9M | $-12.1M | ||
| Q1 25 | $-64.6M | $10.5M | ||
| Q4 24 | $-22.8M | $156.3M | ||
| Q3 24 | $-23.1M | $72.8M | ||
| Q2 24 | $1.6M | $21.1M |
| 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% | — |
| Q1 26 | — | 121.6% | ||
| Q4 25 | -87.1% | 4.2% | ||
| Q3 25 | 0.2% | 48.6% | ||
| Q2 25 | -0.3% | 26.0% | ||
| Q1 25 | -0.3% | 24.0% | ||
| Q4 24 | -2.9% | 33.5% | ||
| Q3 24 | -2.6% | 60.6% | ||
| Q2 24 | 1.2% | 20.4% |
| Q1 26 | -5.4% | 3.4% | ||
| Q4 25 | -91.6% | 1.0% | ||
| Q3 25 | -4.4% | 30.6% | ||
| Q2 25 | -4.5% | -4.7% | ||
| Q1 25 | -13.4% | 5.3% | ||
| Q4 24 | -3.5% | 16.7% | ||
| Q3 24 | -3.7% | 22.2% | ||
| Q2 24 | 0.2% | 6.6% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $-3.76 | $0.20 | ||
| Q3 25 | $-0.24 | $2.02 | ||
| Q2 25 | $-0.44 | $-0.22 | ||
| Q1 25 | $-0.63 | $0.21 | ||
| Q4 24 | $-0.26 | $3.14 | ||
| Q3 24 | $-0.27 | $1.46 | ||
| Q2 24 | $-0.06 | $0.42 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $142.0M | $1.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $396.4M | $3.8B |
| Total Assets | $1.9B | $11.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $142.0M | $1.8B | ||
| Q4 25 | $151.9M | $1.5B | ||
| Q3 25 | $116.7M | $1.5B | ||
| Q2 25 | $151.0M | $1.4B | ||
| Q1 25 | $246.5M | $493.7M | ||
| Q4 24 | $104.2M | $596.1M | ||
| Q3 24 | $96.6M | $400.7M | ||
| Q2 24 | $101.3M | $436.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $5.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $396.4M | $3.8B | ||
| Q4 25 | $415.2M | $3.8B | ||
| Q3 25 | $842.2M | $3.8B | ||
| Q2 25 | $896.0M | $3.6B | ||
| Q1 25 | $935.5M | $2.8B | ||
| Q4 24 | $1.0B | $2.8B | ||
| Q3 24 | $1.0B | $2.6B | ||
| Q2 24 | $1.1B | $3.0B |
| Q1 26 | $1.9B | $11.2B | ||
| Q4 25 | $1.9B | $10.6B | ||
| Q3 25 | $2.5B | $10.7B | ||
| Q2 25 | $2.5B | $10.3B | ||
| Q1 25 | $2.7B | $9.3B | ||
| Q4 24 | $2.5B | $9.2B | ||
| Q3 24 | $2.5B | $9.4B | ||
| Q2 24 | $2.5B | $9.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.35× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.85× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EVH
| Performance Suite | $323.3M | 65% |
| Specialty Technology and Services Suite | $80.8M | 16% |
| Administrative Services | $49.6M | 10% |
| Cases | $42.6M | 9% |
HHH
| Rental revenue | $113.5M | 48% |
| Master Planned Communities land sales | $99.6M | 42% |
| Other revenues | $11.0M | 5% |
| Builder price participation | $8.7M | 4% |
| Condominium rights and unit sales | $3.1M | 1% |
