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Side-by-side financial comparison of Evolent Health, Inc. (EVH) and PRECISION DRILLING Corp (PDS). Click either name above to swap in a different company.

Evolent Health, Inc. is the larger business by last-quarter revenue ($468.7M vs $299.5M, roughly 1.6× PRECISION DRILLING Corp).

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.

Precision Drilling Corporation is the largest drilling rig contractor in Canada, also providing oil field rental and supplies.

EVH vs PDS — Head-to-Head

Bigger by revenue
EVH
EVH
1.6× larger
EVH
$468.7M
$299.5M
PDS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
EVH
EVH
PDS
PDS
Revenue
$468.7M
$299.5M
Net Profit
$-429.1M
Gross Margin
20.7%
Operating Margin
-87.1%
Net Margin
-91.6%
Revenue YoY
-27.5%
Net Profit YoY
-1782.0%
EPS (diluted)
$-3.76

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
PDS
PDS
Q4 25
$468.7M
$299.5M
Q3 25
$479.5M
Q2 25
$444.3M
Q1 25
$483.6M
Q4 24
$646.5M
Q3 24
$621.4M
Q2 24
$647.1M
Q1 24
$639.7M
Net Profit
EVH
EVH
PDS
PDS
Q4 25
$-429.1M
Q3 25
$-20.9M
Q2 25
$-19.9M
Q1 25
$-64.6M
Q4 24
$-22.8M
Q3 24
$-23.1M
Q2 24
$1.6M
Q1 24
$-17.3M
Gross Margin
EVH
EVH
PDS
PDS
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 24
16.3%
Operating Margin
EVH
EVH
PDS
PDS
Q4 25
-87.1%
Q3 25
0.2%
Q2 25
-0.3%
Q1 25
-0.3%
Q4 24
-2.9%
Q3 24
-2.6%
Q2 24
1.2%
Q1 24
-2.1%
Net Margin
EVH
EVH
PDS
PDS
Q4 25
-91.6%
Q3 25
-4.4%
Q2 25
-4.5%
Q1 25
-13.4%
Q4 24
-3.5%
Q3 24
-3.7%
Q2 24
0.2%
Q1 24
-2.7%
EPS (diluted)
EVH
EVH
PDS
PDS
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
Q1 24
$-0.22

Balance Sheet & Financial Strength

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

Metric
EVH
EVH
PDS
PDS
Cash + ST InvestmentsLiquidity on hand
$151.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$415.2M
Total Assets
$1.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EVH
EVH
PDS
PDS
Q4 25
$151.9M
Q3 25
$116.7M
Q2 25
$151.0M
Q1 25
$246.5M
Q4 24
$104.2M
Q3 24
$96.6M
Q2 24
$101.3M
Q1 24
$165.1M
Stockholders' Equity
EVH
EVH
PDS
PDS
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
Q1 24
$1.0B
Total Assets
EVH
EVH
PDS
PDS
Q4 25
$1.9B
Q3 25
$2.5B
Q2 25
$2.5B
Q1 25
$2.7B
Q4 24
$2.5B
Q3 24
$2.5B
Q2 24
$2.5B
Q1 24
$2.6B

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
PDS
PDS
Operating Cash FlowLast quarter
$48.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EVH
EVH
PDS
PDS
Q4 25
$48.8M
Q3 25
$15.8M
Q2 25
$-30.3M
Q1 25
$4.6M
Q4 24
$-26.2M
Q3 24
$18.7M
Q2 24
$21.4M
Q1 24
$4.9M
Cash Conversion
EVH
EVH
PDS
PDS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
13.42×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

EVH
EVH

Commercial And Other Customers$147.9M32%
Medicare Customers$111.2M24%
Specialty Technology And Services Suite$95.7M20%
Administrative Service$55.8M12%
Cases$47.7M10%
Related Party$4.5M1%

PDS
PDS

Segment breakdown not available.

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