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Side-by-side financial comparison of Evolent Health, Inc. (EVH) and SSR MINING INC. (SSRM). Click either name above to swap in a different company.

SSR MINING INC. is the larger business by last-quarter revenue ($521.7M vs $468.7M, roughly 1.1× Evolent Health, Inc.). SSR MINING INC. runs the higher net margin — 34.8% vs -91.6%, a 126.3% gap on every dollar of revenue. On growth, SSR MINING INC. posted the faster year-over-year revenue change (61.4% vs -27.5%). Over the past eight quarters, SSR MINING INC.'s revenue compounded faster (50.5% CAGR vs -14.4%).

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.

SSR Mining Inc., formerly Silver Standard Resources is a Denver-based gold, silver, copper, lead and zinc producer that owns the largest silver mine in Argentina. In addition it engages in exploration activity throughout the Americas and Turkey. In 2020, SSR Mining merged with Alacer Gold. Since the merger, the company has moved headquarters to Denver, Colorado. Rodney P. Antal is now the president and CEO of SSR mining. In February 2021, SSR Mining announced that Alison White would be the ne...

EVH vs SSRM — Head-to-Head

Bigger by revenue
SSRM
SSRM
1.1× larger
SSRM
$521.7M
$468.7M
EVH
Growing faster (revenue YoY)
SSRM
SSRM
+88.9% gap
SSRM
61.4%
-27.5%
EVH
Higher net margin
SSRM
SSRM
126.3% more per $
SSRM
34.8%
-91.6%
EVH
Faster 2-yr revenue CAGR
SSRM
SSRM
Annualised
SSRM
50.5%
-14.4%
EVH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EVH
EVH
SSRM
SSRM
Revenue
$468.7M
$521.7M
Net Profit
$-429.1M
$181.5M
Gross Margin
20.7%
Operating Margin
-87.1%
38.8%
Net Margin
-91.6%
34.8%
Revenue YoY
-27.5%
61.4%
Net Profit YoY
-1782.0%
3166.6%
EPS (diluted)
$-3.76
$0.84

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
SSRM
SSRM
Q4 25
$468.7M
$521.7M
Q3 25
$479.5M
$385.8M
Q2 25
$444.3M
$405.5M
Q1 25
$483.6M
$316.6M
Q4 24
$646.5M
$323.2M
Q3 24
$621.4M
$257.4M
Q2 24
$647.1M
$184.8M
Q1 24
$639.7M
$230.2M
Net Profit
EVH
EVH
SSRM
SSRM
Q4 25
$-429.1M
$181.5M
Q3 25
$-20.9M
$65.4M
Q2 25
$-19.9M
$90.1M
Q1 25
$-64.6M
$58.8M
Q4 24
$-22.8M
$5.6M
Q3 24
$-23.1M
$10.6M
Q2 24
$1.6M
$9.7M
Q1 24
$-17.3M
$-287.1M
Gross Margin
EVH
EVH
SSRM
SSRM
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
SSRM
SSRM
Q4 25
-87.1%
38.8%
Q3 25
0.2%
21.6%
Q2 25
-0.3%
26.9%
Q1 25
-0.3%
21.1%
Q4 24
-2.9%
10.6%
Q3 24
-2.6%
3.5%
Q2 24
1.2%
5.8%
Q1 24
-2.1%
-163.5%
Net Margin
EVH
EVH
SSRM
SSRM
Q4 25
-91.6%
34.8%
Q3 25
-4.4%
17.0%
Q2 25
-4.5%
22.2%
Q1 25
-13.4%
18.6%
Q4 24
-3.5%
1.7%
Q3 24
-3.7%
4.1%
Q2 24
0.2%
5.2%
Q1 24
-2.7%
-124.7%
EPS (diluted)
EVH
EVH
SSRM
SSRM
Q4 25
$-3.76
$0.84
Q3 25
$-0.24
$0.31
Q2 25
$-0.44
$0.42
Q1 25
$-0.63
$0.28
Q4 24
$-0.26
$0.03
Q3 24
$-0.27
$0.05
Q2 24
$-0.06
$0.05
Q1 24
$-0.22
$-1.42

Balance Sheet & Financial Strength

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

Metric
EVH
EVH
SSRM
SSRM
Cash + ST InvestmentsLiquidity on hand
$151.9M
$575.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$415.2M
$3.5B
Total Assets
$1.9B
$6.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EVH
EVH
SSRM
SSRM
Q4 25
$151.9M
$575.6M
Q3 25
$116.7M
$445.4M
Q2 25
$151.0M
$438.5M
Q1 25
$246.5M
$341.3M
Q4 24
$104.2M
$417.3M
Q3 24
$96.6M
$365.8M
Q2 24
$101.3M
$384.4M
Q1 24
$165.1M
$492.0M
Total Debt
EVH
EVH
SSRM
SSRM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$228.6M
Q3 24
$228.3M
Q2 24
$228.0M
Q1 24
$228.7M
Stockholders' Equity
EVH
EVH
SSRM
SSRM
Q4 25
$415.2M
$3.5B
Q3 25
$842.2M
$3.3B
Q2 25
$896.0M
$3.3B
Q1 25
$935.5M
$3.2B
Q4 24
$1.0B
$3.1B
Q3 24
$1.0B
$3.1B
Q2 24
$1.1B
$3.1B
Q1 24
$1.0B
$3.1B
Total Assets
EVH
EVH
SSRM
SSRM
Q4 25
$1.9B
$6.1B
Q3 25
$2.5B
$5.9B
Q2 25
$2.5B
$5.8B
Q1 25
$2.7B
$5.6B
Q4 24
$2.5B
$5.2B
Q3 24
$2.5B
$5.1B
Q2 24
$2.5B
$5.2B
Q1 24
$2.6B
$5.3B
Debt / Equity
EVH
EVH
SSRM
SSRM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.07×
Q3 24
0.07×
Q2 24
0.07×
Q1 24
0.07×

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
SSRM
SSRM
Operating Cash FlowLast quarter
$48.8M
$172.1M
Free Cash FlowOCF − Capex
$106.4M
FCF MarginFCF / Revenue
20.4%
Capex IntensityCapex / Revenue
12.6%
Cash ConversionOCF / Net Profit
0.95×
TTM Free Cash FlowTrailing 4 quarters
$241.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EVH
EVH
SSRM
SSRM
Q4 25
$48.8M
$172.1M
Q3 25
$15.8M
$57.2M
Q2 25
$-30.3M
$157.8M
Q1 25
$4.6M
$84.8M
Q4 24
$-26.2M
$95.0M
Q3 24
$18.7M
$-1.3M
Q2 24
$21.4M
$-78.1M
Q1 24
$4.9M
$24.6M
Free Cash Flow
EVH
EVH
SSRM
SSRM
Q4 25
$106.4M
Q3 25
$-2.4M
Q2 25
$98.4M
Q1 25
$39.3M
Q4 24
$56.4M
Q3 24
$-34.1M
Q2 24
$-116.3M
Q1 24
$-9.4M
FCF Margin
EVH
EVH
SSRM
SSRM
Q4 25
20.4%
Q3 25
-0.6%
Q2 25
24.3%
Q1 25
12.4%
Q4 24
17.5%
Q3 24
-13.2%
Q2 24
-62.9%
Q1 24
-4.1%
Capex Intensity
EVH
EVH
SSRM
SSRM
Q4 25
12.6%
Q3 25
15.4%
Q2 25
14.7%
Q1 25
14.4%
Q4 24
11.9%
Q3 24
12.7%
Q2 24
20.7%
Q1 24
14.8%
Cash Conversion
EVH
EVH
SSRM
SSRM
Q4 25
0.95×
Q3 25
0.87×
Q2 25
1.75×
Q1 25
1.44×
Q4 24
17.10×
Q3 24
-0.13×
Q2 24
13.42×
-8.06×
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%

SSRM
SSRM

Gold$369.3M71%
Concentrate Sales$124.4M24%
Other$19.1M4%
Lead$9.0M2%

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