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Side-by-side financial comparison of Evolent Health, Inc. (EVH) and Westrock Coffee Co (WEST). Click either name above to swap in a different company.

Evolent Health, Inc. is the larger business by last-quarter revenue ($468.7M vs $339.5M, roughly 1.4× Westrock Coffee Co). Westrock Coffee Co runs the higher net margin — -6.6% vs -91.6%, a 84.9% gap on every dollar of revenue. On growth, Westrock Coffee Co posted the faster year-over-year revenue change (48.3% vs -27.5%). Over the past eight quarters, Westrock Coffee Co's revenue compounded faster (32.8% 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.

Westrock Coffee Co is a global integrated coffee, tea and functional beverage solutions provider. It sources, roasts, manufactures and distributes coffee products, ready-to-drink beverages and custom formulations for retail, foodservice and commercial clients across North America and other key markets.

EVH vs WEST — Head-to-Head

Bigger by revenue
EVH
EVH
1.4× larger
EVH
$468.7M
$339.5M
WEST
Growing faster (revenue YoY)
WEST
WEST
+75.8% gap
WEST
48.3%
-27.5%
EVH
Higher net margin
WEST
WEST
84.9% more per $
WEST
-6.6%
-91.6%
EVH
Faster 2-yr revenue CAGR
WEST
WEST
Annualised
WEST
32.8%
-14.4%
EVH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EVH
EVH
WEST
WEST
Revenue
$468.7M
$339.5M
Net Profit
$-429.1M
$-22.6M
Gross Margin
20.7%
11.5%
Operating Margin
-87.1%
-2.6%
Net Margin
-91.6%
-6.6%
Revenue YoY
-27.5%
48.3%
Net Profit YoY
-1782.0%
8.3%
EPS (diluted)
$-3.76
$-0.22

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
WEST
WEST
Q4 25
$468.7M
$339.5M
Q3 25
$479.5M
$354.8M
Q2 25
$444.3M
$280.9M
Q1 25
$483.6M
$213.8M
Q4 24
$646.5M
$229.0M
Q3 24
$621.4M
$220.9M
Q2 24
$647.1M
$208.4M
Q1 24
$639.7M
$192.5M
Net Profit
EVH
EVH
WEST
WEST
Q4 25
$-429.1M
$-22.6M
Q3 25
$-20.9M
$-19.1M
Q2 25
$-19.9M
$-21.6M
Q1 25
$-64.6M
$-27.2M
Q4 24
$-22.8M
$-24.6M
Q3 24
$-23.1M
$-14.3M
Q2 24
$1.6M
$-17.8M
Q1 24
$-17.3M
$-23.7M
Gross Margin
EVH
EVH
WEST
WEST
Q4 25
20.7%
11.5%
Q3 25
20.8%
11.7%
Q2 25
22.6%
14.7%
Q1 25
21.2%
13.6%
Q4 24
11.7%
16.6%
Q3 24
13.0%
16.8%
Q2 24
16.5%
19.9%
Q1 24
16.3%
19.4%
Operating Margin
EVH
EVH
WEST
WEST
Q4 25
-87.1%
-2.6%
Q3 25
0.2%
-2.4%
Q2 25
-0.3%
-5.3%
Q1 25
-0.3%
-6.1%
Q4 24
-2.9%
-4.3%
Q3 24
-2.6%
-5.8%
Q2 24
1.2%
-7.9%
Q1 24
-2.1%
-5.3%
Net Margin
EVH
EVH
WEST
WEST
Q4 25
-91.6%
-6.6%
Q3 25
-4.4%
-5.4%
Q2 25
-4.5%
-7.7%
Q1 25
-13.4%
-12.7%
Q4 24
-3.5%
-10.7%
Q3 24
-3.7%
-6.5%
Q2 24
0.2%
-8.5%
Q1 24
-2.7%
-12.3%
EPS (diluted)
EVH
EVH
WEST
WEST
Q4 25
$-3.76
$-0.22
Q3 25
$-0.24
$-0.20
Q2 25
$-0.44
$-0.23
Q1 25
$-0.63
$-0.29
Q4 24
$-0.26
$-0.26
Q3 24
$-0.27
$-0.16
Q2 24
$-0.06
$-0.20
Q1 24
$-0.22
$-0.27

Balance Sheet & Financial Strength

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

Metric
EVH
EVH
WEST
WEST
Cash + ST InvestmentsLiquidity on hand
$151.9M
$49.9M
Total DebtLower is stronger
$444.1M
Stockholders' EquityBook value
$415.2M
$-1.9M
Total Assets
$1.9B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EVH
EVH
WEST
WEST
Q4 25
$151.9M
$49.9M
Q3 25
$116.7M
$34.0M
Q2 25
$151.0M
$44.0M
Q1 25
$246.5M
$33.1M
Q4 24
$104.2M
$26.2M
Q3 24
$96.6M
$22.4M
Q2 24
$101.3M
$24.3M
Q1 24
$165.1M
$12.6M
Total Debt
EVH
EVH
WEST
WEST
Q4 25
$444.1M
Q3 25
Q2 25
Q1 25
Q4 24
$393.1M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
EVH
EVH
WEST
WEST
Q4 25
$415.2M
$-1.9M
Q3 25
$842.2M
$11.4M
Q2 25
$896.0M
$18.2M
Q1 25
$935.5M
$71.4M
Q4 24
$1.0B
$97.5M
Q3 24
$1.0B
$110.3M
Q2 24
$1.1B
$81.5M
Q1 24
$1.0B
$91.7M
Total Assets
EVH
EVH
WEST
WEST
Q4 25
$1.9B
$1.2B
Q3 25
$2.5B
$1.2B
Q2 25
$2.5B
$1.2B
Q1 25
$2.7B
$1.1B
Q4 24
$2.5B
$1.1B
Q3 24
$2.5B
$1.1B
Q2 24
$2.5B
$1.1B
Q1 24
$2.6B
$983.3M
Debt / Equity
EVH
EVH
WEST
WEST
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
4.03×
Q3 24
Q2 24
Q1 24

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
WEST
WEST
Operating Cash FlowLast quarter
$48.8M
$36.7M
Free Cash FlowOCF − Capex
$27.8M
FCF MarginFCF / Revenue
8.2%
Capex IntensityCapex / Revenue
2.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-107.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EVH
EVH
WEST
WEST
Q4 25
$48.8M
$36.7M
Q3 25
$15.8M
$-26.6M
Q2 25
$-30.3M
$-7.0M
Q1 25
$4.6M
$-22.1M
Q4 24
$-26.2M
$2.8M
Q3 24
$18.7M
$-332.0K
Q2 24
$21.4M
$-23.7M
Q1 24
$4.9M
$8.0M
Free Cash Flow
EVH
EVH
WEST
WEST
Q4 25
$27.8M
Q3 25
$-44.7M
Q2 25
$-27.5M
Q1 25
$-63.4M
Q4 24
$-15.4M
Q3 24
$-36.7M
Q2 24
$-59.9M
Q1 24
$-60.9M
FCF Margin
EVH
EVH
WEST
WEST
Q4 25
8.2%
Q3 25
-12.6%
Q2 25
-9.8%
Q1 25
-29.7%
Q4 24
-6.7%
Q3 24
-16.6%
Q2 24
-28.7%
Q1 24
-31.7%
Capex Intensity
EVH
EVH
WEST
WEST
Q4 25
2.6%
Q3 25
5.1%
Q2 25
7.3%
Q1 25
19.3%
Q4 24
7.9%
Q3 24
16.5%
Q2 24
17.4%
Q1 24
35.8%
Cash Conversion
EVH
EVH
WEST
WEST
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%

WEST
WEST

Coffee And Tea$202.6M60%
Flavors Extracts And Ingredients$69.6M21%
Sustainable Sourcing And Traceability Segments$66.9M20%

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