Evolent Health, Inc.
$1.31B- Market cap
- $488.42M
- Debt
- +$970.54M
- Cash
- −$151.86M
Capital structure 33% equity / 67% debt · EV / Revenue 0.70x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: EVH stock price at discount vs REXR $4.32 current versus $135.72 implied using P/S multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at REXR's multiple
Implied fair value · at EVH's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple discount
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: EVH FY 2025 (ended Dec 31, 2025) · REXR FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 33% equity / 67% debt · EV / Revenue 0.70x
Capital structure 72% equity / 28% debt · EV / Revenue 11.25x · EV / EBITDA 36.17x
REXR carries the larger enterprise value at $11.29B against $1.31B; EVH trades on the lower EV / Revenue multiple (0.70x vs 11.25x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Evolent Health, Inc. · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Rexford Industrial Realty, Inc. · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
2.34x
0.38x
Net debt / EBITDA
Leverage against operating earnings
-2.11x
9.89x
Cash and equivalents
Liquid reserves on the balance sheet
$151.86M
$165.78M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
Cigna Group
EVH vs CI
MOLINA HEALTHCARE, INC.
EVH vs MOH
Teladoc Health, Inc.
EVH vs TDOC
CLOVER HEALTH INVESTMENTS, CORP. /DE
EVH vs CLOV
UNITEDHEALTH GROUP INC
EVH vs UNH
Prologis, Inc.
EVH vs PLD
EASTGROUP PROPERTIES INC
EVH vs EGP
SIMON PROPERTY GROUP INC /DE/
EVH vs SPG
Terreno Realty Corp
EVH vs TRNO
$970.54M
$3.25B
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
The deterministic comparison remains available. Sign in when you want an on-demand narrative synthesis of the same data.