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Evolent Health vs Gartner: revenue, profit, margins and growth compared

Evolent Health brought in $1.9B of revenue in fiscal 2025, Gartner $6.5B in fiscal 2025. Revenue changed by -26.6% at Evolent Health and +3.7% at Gartner on the year before, so Gartner grew faster. Evolent Health kept -28.5% of its revenue as net profit, Gartner 11.2%.

Side by side, latest fiscal year

EVHIT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.9B$6.5B
Revenue growth-26.6%+3.7%
Net income-$534.5M$729.2M
Net margin-28.5%11.2%
Free cash flown/a$1.2B
Free cash flow marginn/a18.1%
Earnings per share (diluted)-$5.07$9.65
Cash$151.9M$1.7B
Debt$970.5M$3B
Price to earningsn/a19.5
Market valuen/a$11.9B
Dividend yieldn/an/a
Rank by revenue in sector#361 of 778 · Consumer discretionary#166 of 778 · Consumer discretionary

Over the years

Revenue
EVH FY2018: $627.1MEVH FY2019: $846.4MEVH FY2020: $924.6MEVH FY2021: $908MEVH FY2022: $1.4BEVH FY2023: $2BEVH FY2024: $2.6BEVH FY2025: $1.9BIT FY2018: $4BIT FY2019: $4.2BIT FY2020: $4.1BIT FY2021: $4.7BIT FY2022: $5.5BIT FY2023: $5.9BIT FY2024: $6.3BIT FY2025: $6.5BFY18FY19FY20FY21FY22FY23FY24FY25
EVH $1.9BIT $6.5B
Net income
EVH FY2018: -$52.7MEVH FY2019: -$302MEVH FY2020: -$334.2MEVH FY2021: -$37.6MEVH FY2022: -$19.2MEVH FY2023: -$113MEVH FY2024: -$61.6MEVH FY2025: -$534.5MIT FY2018: $122.5MIT FY2019: $233.3MIT FY2020: $266.7MIT FY2021: $793.6MIT FY2022: $807.8MIT FY2023: $882.5MIT FY2024: $1.3BIT FY2025: $729.2MFY18FY19FY20FY21FY22FY23FY24FY25
EVH -$534.5MIT $729.2M
Net margin
EVH FY2018: -8.4%EVH FY2019: -35.7%EVH FY2020: -36.1%EVH FY2021: -4.1%EVH FY2022: -1.4%EVH FY2023: -5.8%EVH FY2024: -2.4%EVH FY2025: -28.5%IT FY2018: 3.1%IT FY2019: 5.5%IT FY2020: 6.5%IT FY2021: 16.8%IT FY2022: 14.8%IT FY2023: 14.9%IT FY2024: 20.0%IT FY2025: 11.2%FY18FY19FY20FY21FY22FY23FY24FY25
EVH -28.5%IT 11.2%
Revenue growth
EVH FY2019: +35.0%EVH FY2020: +9.2%EVH FY2021: -1.8%EVH FY2022: +48.9%EVH FY2023: +45.3%EVH FY2024: +30.1%EVH FY2025: -26.6%IT FY2019: +6.8%IT FY2020: -3.4%IT FY2021: +15.5%IT FY2022: +15.7%IT FY2023: +7.9%IT FY2024: +6.1%IT FY2025: +3.7%FY19FY20FY21FY22FY23FY24FY25
EVH -26.6%IT +3.7%
Free cash flow
EVH FY2018: -$60.2MEVH FY2019: -$78.2MIT FY2018: $344.3MIT FY2019: $416.4MIT FY2020: $819.4MIT FY2021: $1.3BIT FY2022: $993.4MIT FY2023: $1.1BIT FY2024: $1.4BIT FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
EVH -$78.2MIT $1.2B

Fiscal years as each company reports them; the two may end in different months.

Questions about Evolent Health and Gartner

Which is bigger by revenue, Evolent Health or Gartner?

Gartner is bigger by revenue: $6.5B in fiscal 2025, against $1.9B for Evolent Health in fiscal 2025.

Which keeps more of its revenue as profit, Evolent Health or Gartner?

Evolent Health had a net margin of -28.5% in fiscal 2025; Gartner had 11.2% in fiscal 2025.

Which grew revenue faster, Evolent Health or Gartner?

In their latest fiscal years revenue changed by -26.6% at Evolent Health and +3.7% at Gartner.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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