Evolent Health's gross profit for the
three
months ended in Dec. 2024 was $76 Mil. Evolent Health's gross profit for the trailing twelve months (TTM) ended in Dec. 2024 was $367 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Evolent Health's gross profit for the
three
months ended in Dec. 2024 was $76 Mil. Evolent Health's Revenue for the
three
months ended in Dec. 2024 was $647 Mil. Therefore, Evolent Health's Gross Margin % for the quarter that ended in Dec. 2024 was 11.71%.
Evolent Health had a gross margin of 11.71% for the quarter that ended in Dec. 2024 => No sustainable competitive advantage
During the past 12 years, the highestGross Margin % of Evolent Health was 47.72%. The lowest was 14.38%. And the median was 26.46%.
Warning Sign:
Evolent Health Inc gross margin has been in long-term decline. The average rate of decline per year is -8.6%.
Evolent Health Gross Profit Historical Data
The historical data trend for Evolent Health's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Evolent Health's Gross Profit
For the Health Information Services subindustry, Evolent Health's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Evolent Health's Gross Profit Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Evolent Health's Gross Profit distribution charts can be found below:
* The bar in red indicates where Evolent Health's Gross Profit falls into.
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $367 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Evolent Health (NYSE:EVH) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Evolent Health had a gross margin of 11.71% for the quarter that ended in Dec. 2024 => No sustainable competitive advantage
Evolent Health Gross Profit Related Terms
Thank you for viewing the detailed overview of Evolent Health's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Evolent Health Inc is engaged in healthcare delivery and payment. The company supports health systems and physician organizations in their migration toward value-based care and population health management. It provides specialty care management services in oncology, cardiology, musculoskeletal markets and holistic total cost of care management along with an integrated platform for health plan administration and value-based business infrastructure under one go to market package. The primary solutions provided by the company include specialty care management services, total cost of care management, and administrative services.
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