Evolent Health
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
9.0614.553.382.61
Price/Sales ratio
0.270.230.200.18
Earnings per Share (EPS)
$0.99$0.61$2.66$3.44

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-28.550.91-4.16-13.04-29.30-2.43-4.07-78.63-140.69-32.50-166.90-2.43
Price/Sales ratio
N/A3.142.611.812.460.881.332.621.941.872.360.88
Price/Book Value ratio
-348.280.460.940.781.340.802.193.433.063.443.721.34
Price/Cash Flow ratio
-9.60-15.34-18.75-28.31-74.71-17.47-83.9061.46-227.7325.77-276.85-17.47
Price/Free Cash Flow ratio
-8.37-11.55-13.04-14.18-25.62-9.53-29.79173.02-52.7132.27-64.08-9.53
Price/Earnings Growth ratio
0.02-0.000.030.171.05-0.00-0.650.863.28-0.06-2.93-0.00
Dividend Yield
N/AN/AN/AN/AN/AN/A1.46%0.05%0.56%0.51%N/AN/A
Profitability Indicator Ratios
Gross Profit Margin
N/A40.75%38.95%38.07%47.72%39.38%31.40%27.57%23.41%23.44%23.41%39.38%
Operating Profit Margin
N/A-44.35%-93.40%-16.74%-7.57%-14.22%-3.70%3.33%-4.42%-3.62%-1.47%-7.57%
Pretax Profit Margin
N/A354.35%-93.44%-17.56%-8.63%-38.64%-33.03%-3.28%-4.59%-10.30%-4.59%-8.63%
Net Profit Margin
N/A343.20%-62.84%-13.94%-8.39%-36.10%-32.69%-3.33%-1.38%-5.75%-1.41%-8.39%
Effective Tax Rate
N/A6.83%4.52%8.68%-0.07%6.58%1.05%-1.62%69.87%44.15%69.87%-0.07%
Return on Assets
-65.95%32.74%-13.31%-4.62%-3.05%-20.39%-24.39%-2.13%-1.02%-4.21%-1.05%-3.05%
Return On Equity
1219.61%51.20%-22.73%-6.00%-4.60%-33.13%-53.94%-4.36%-2.17%-10.58%-2.60%-4.60%
Return on Capital Employed
-67.54%-4.49%-22.23%-6.17%-3.01%-9.22%-3.91%3.10%-4.32%-3.54%-1.43%-3.01%
Liquidity Ratios
Current Ratio
N/A3.092.002.841.811.181.35N/AN/AN/A1.101.18
Quick Ratio
1.193.442.312.872.781.962.461.862.061.011.021.96
Cash ratio
N/A2.441.011.791.550.520.840.590.430.280.430.52
Days of Sales Outstanding
N/A76.7858.3457.8547.9133.3844.4052.5068.7583.0368.7547.91
Days of Inventory outstanding
N/A-129.60-95.57-4.4287.41-106.77-231.63-171.09-146.61N/AN/AN/A
Operating Cycle
N/A-52.81-37.2353.43135.32-73.38-187.22-118.58-77.8683.0316.9516.95
Days of Payables Outstanding
N/A106.19103.2458.17163.4026.6616.6453.3320.1511.7120.1526.66
Cash Conversion Cycle
N/A-159.00-140.47-4.73-28.07-100.05-203.86-171.92-98.0171.3148.60-28.07
Debt Ratios
Debt Ratio
N/AN/A0.100.090.120.200.210.150.230.220.520.12
Debt Equity Ratio
N/AN/A0.170.120.190.320.470.320.480.561.110.19
Long-term Debt to Capitalization
N/AN/A0.140.100.160.240.290.230.320.350.350.16
Total Debt to Capitalization
N/AN/A0.140.100.160.240.320.240.320.360.350.16
Interest Coverage Ratio
N/AN/AN/A-19.92-9.40-8.28-1.79N/AN/AN/A-1.27-9.40
Cash Flow to Debt Ratio
N/AN/A-0.29-0.23-0.09-0.14-0.050.17-0.020.23-0.02-0.09
Company Equity Multiplier
-18.491.561.701.291.501.622.212.042.112.512.111.50
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
N/A-0.20-0.13-0.06-0.03-0.05-0.010.04-0.000.07-0.00-0.03
Free Cash Flow / Operating Cash Flow Ratio
1.141.321.431.992.911.832.810.354.320.794.322.91
Cash Flow Coverage Ratio
N/AN/A-0.29-0.23-0.09-0.14-0.050.17-0.020.23-0.02-0.09
Short Term Coverage Ratio
N/AN/AN/AN/AN/A-6.80-0.475.48-1.6214.64-1.62-6.80
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/A-5.98%-4.29%-79.58%-16.62%N/AN/A