Evolent Health annual debt-to-equity ratio
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2025
Evolent Health Debt-to-Equity Ratio Growth & History (EVH)
Evolent Health's debt-to-equity ratio was 2.38 for fiscal 2025.
View full Evolent Health company overviewEvolent Health annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 2.38 | 1.67 | +234.43% |
| 2024 | 2024-12-31 | 0.71 | 0.11 | +18.03% |
| 2023 | 2023-12-31 | 0.60 | 0.05 | +9.01% |
| 2022 | 2022-12-31 | 0.55 | 0.15 | +37.01% |
| 2021 | 2021-12-31 | 0.40 | −0.18 | −30.37% |
| 2020 | 2020-12-31 | 0.58 | 0.18 | +46.28% |
| 2019 | 2019-12-31 | 0.40 | 0.20 | +105.42% |
| 2018 | 2018-12-31 | 0.19 | 0.07 | +60.92% |
| 2017 | 2017-12-31 | 0.12 | −0.05 | −29.86% |
| 2016 | 2016-12-31 | 0.17 | 0.17 | — |
| 2015 | 2015-12-31 | 0.00 | — | — |
Evolent Health quarterly debt-to-equity ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 2.53 | 1.58 | +165.94% |
| Q1 2026 | 2026-03-31 | 2.49 | 1.56 | +167.29% |
| Q4 2025 | 2025-12-31 | 2.38 | 1.67 | +234.43% |
| Q3 2025 | 2025-09-30 | 1.29 | 0.67 | +110.13% |
| Q2 2025 | 2025-06-30 | 0.95 | 0.35 | +57.86% |
| Q1 2025 | 2025-03-31 | 0.93 | 0.32 | +51.56% |
| Q4 2024 | 2024-12-31 | 0.71 | 0.11 | +18.03% |
| Q3 2024 | 2024-09-30 | 0.61 | 0.02 | +2.56% |
| Q2 2024 | 2024-06-30 | 0.60 | −0.03 | −5.23% |
| Q1 2024 | 2024-03-31 | 0.61 | −0.00 | −0.41% |
| Q4 2023 | 2023-12-31 | 0.60 | 0.05 | +9.01% |
| Q3 2023 | 2023-09-30 | 0.60 | 0.04 | +6.94% |
| Q2 2023 | 2023-06-30 | 0.64 | 0.07 | +12.10% |
| Q1 2023 | 2023-03-31 | 0.62 | 0.05 | +9.03% |
| Q4 2022 | 2022-12-31 | 0.55 | 0.15 | +37.01% |
| Q3 2022 | 2022-09-30 | 0.56 | 0.06 | +12.23% |
| Q2 2022 | 2022-06-30 | 0.57 | 0.08 | +16.60% |
| Q1 2022 | 2022-03-31 | 0.57 | — | — |
| Q4 2021 | 2021-12-31 | 0.40 | −0.18 | −30.37% |
| Q3 2021 | 2021-09-30 | 0.50 | −0.07 | −12.46% |
| Q2 2021 | 2021-06-30 | 0.49 | −0.09 | −15.82% |
| Q4 2020 | 2020-12-31 | 0.58 | 0.18 | +46.28% |
| Q3 2020 | 2020-09-30 | 0.57 | 0.29 | +106.94% |
| Q2 2020 | 2020-06-30 | 0.58 | 0.31 | +117.24% |
| Q1 2020 | 2020-03-31 | 0.43 | 0.17 | +66.20% |
| Q4 2019 | 2019-12-31 | 0.40 | 0.20 | +105.42% |
| Q3 2019 | 2019-09-30 | 0.27 | 0.16 | +133.27% |
| Q2 2019 | 2019-06-30 | 0.27 | 0.15 | +127.54% |
| Q1 2019 | 2019-03-31 | 0.26 | 0.14 | +121.40% |
| Q4 2018 | 2018-12-31 | 0.19 | 0.07 | +60.92% |
| Q3 2018 | 2018-09-30 | 0.12 | −0.00 | −1.06% |
| Q2 2018 | 2018-06-30 | 0.12 | −0.02 | −16.80% |
| Q1 2018 | 2018-03-31 | 0.12 | −0.04 | −27.51% |
| Q4 2017 | 2017-12-31 | 0.12 | −0.05 | −29.86% |
| Q3 2017 | 2017-09-30 | 0.12 | 0.12 | — |
| Q2 2017 | 2017-06-30 | 0.14 | 0.14 | — |
| Q1 2017 | 2017-03-31 | 0.16 | 0.16 | — |
| Q4 2016 | 2016-12-31 | 0.17 | 0.17 | — |
| Q3 2016 | 2016-09-30 | 0.00 | — | — |
| Q2 2016 | 2016-06-30 | 0.00 | — | — |
| Q1 2016 | 2016-03-31 | 0.00 | — | — |
| Q4 2015 | 2015-12-31 | 0.00 | — | — |
Evolent Health debt-to-equity ratio trends
Over the last five fiscal years, Evolent Health's debt-to-equity ratio increased from 0.58 to 2.38, a change of 1.80. The latest reported quarter, Q2 2026, shows 2.53.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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