Evolent Health, Inc (EVH) vs Omada Health, Inc. (OMDA)

Evolent Health, Inc and Omada Health, Inc. are both Health Information Services companies. Omada Health, Inc. is the larger, with a market value of $1.2B against $513.3M — 2.3× the size. Evolent Health, Inc has negative trailing earnings, so its P/E is not meaningful; Omada Health, Inc. trades at 267×. Omada Health, Inc. grew revenue faster over the last twelve months: 52.5% against 14.1%. Omada Health, Inc. has the higher net margin (1.39% vs −21.7%) and the higher return on invested capital (−0.93% vs −22.9%). Across the 19 metrics below, Omada Health, Inc. leads on 12 and Evolent Health, Inc on 7.

Valuation

Metric EVH OMDA Health Information Services median
P/E n/m 267.14 42.03
P/S 0.22 3.60 1.80
P/B 1.40 4.42 1.87
Price to free cash flow 14.28 65.15 16.74
EV/EBITDA 13.40 100.83 13.40
EV/Sales 0.57 2.98 2.63
Earnings yield (98.06%) 0.37% (2.73%)
Free cash flow yield 7.00% 1.53% 0.00%

Profitability

Metric EVH OMDA Health Information Services median
Gross margin 14.95% 68.19% 59.61%
Operating margin (18.55%) (0.15%) (10.54%)
Net margin (21.67%) 1.39% (16.14%)
Free cash flow margin 1.56% 5.53% 0.00%
Return on equity (83.57%) 1.84% (3.15%)
Return on assets (23.00%) 1.36% (5.62%)
Return on invested capital (22.87%) (0.93%) 0.00%

Growth

Metric EVH OMDA Health Information Services median
Revenue growth (TTM) 14.06% 52.54% 6.48%
EPS growth (last fiscal year) (525.93%) 94.27% 63.46%
Revenue growth, 5-year CAGR 15.20% — 10.98%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric EVH OMDA Health Information Services median
Debt to equity 2.60 0.00 0.00
Current ratio 1.26 3.91 2.15
Net debt to EBITDA 6.70 77.72 0.71

Dividend

Metric EVH OMDA Health Information Services median
Dividend yield — — —
Payout ratio — — —

Size

Metric EVH OMDA Health Information Services median
Market cap 513.28m 1.16b 309.94m

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