Medical - Healthcare Information Services
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EVH vs TDOC
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Healthcare Information Services
EVH vs TDOC — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Medical - Healthcare Information Services | Medical - Healthcare Information Services |
| Market Cap | $488M | $1.26B |
| Revenue (TTM) | $1.89B | $2.51B |
| Net Income (TTM) | $-497M | $-171M |
| Gross Margin | 14.0% | 65.6% |
| Operating Margin | -27.4% | -7.6% |
| Forward P/E | 31.2x | — |
| Total Debt | $990M | $1.04B |
| Cash & Equiv. | $152M | $781M |
EVH vs TDOC — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Evolent Health, Inc. (EVH) | 100 | 48.2 | -51.8% |
| Teladoc Health, Inc. (TDOC) | 100 | 4.0 | -96.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: EVH vs TDOC
Each card shows where this stock fits in a portfolio — not just who wins on paper.
EVH is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 0 yrs, beta 1.21, yield 2.3%
- Lower volatility, beta 1.21, current ratio 1.31x
- Beta 1.21, yield 2.3%, current ratio 1.31x
TDOC carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth -1.5%, EPS growth 80.6%, 3Y rev CAGR 1.7%
- -41.1% 10Y total return vs EVH's -63.6%
- -1.5% revenue growth vs EVH's -26.6%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | -1.5% revenue growth vs EVH's -26.6% | |
| Value | Better valuation composite | |
| Quality / Margins | -6.8% margin vs EVH's -26.3% | |
| Stability / Safety | Beta 1.21 vs TDOC's 1.91 | |
| Dividends | 2.3% yield; the other pay no meaningful dividend | |
| Momentum (1Y) | +1.5% vs EVH's -59.0% | |
| Efficiency (ROA) | -5.9% ROA vs EVH's -22.8%, ROIC -11.5% vs -0.2% |
EVH vs TDOC — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
EVH vs TDOC — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
TDOC leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
TDOC and EVH operate at a comparable scale, with $2.5B and $1.9B in trailing revenue. TDOC is the more profitable business, keeping -6.8% of every revenue dollar as net income compared to EVH's -26.3%. On growth, EVH holds the edge at +2.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $1.9B | $2.5B |
| EBITDAEarnings before interest/tax | -$403M | $42M |
| Net IncomeAfter-tax profit | -$497M | -$171M |
| Free Cash FlowCash after capex | $1M | $251M |
| Gross MarginGross profit ÷ Revenue | +14.0% | +65.6% |
| Operating MarginEBIT ÷ Revenue | -27.4% | -7.6% |
| Net MarginNet income ÷ Revenue | -26.3% | -6.8% |
| FCF MarginFCF ÷ Revenue | +0.1% | +10.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +2.6% | -2.5% |
| EPS Growth (YoY)Latest quarter vs prior year | +61.9% | +32.1% |
Valuation Metrics
TDOC leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, EVH's 11.9x EV/EBITDA is more attractive than TDOC's 15.1x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $488M | $1.3B |
| Enterprise ValueMkt cap + debt − cash | $1.3B | $1.5B |
| Trailing P/EPrice ÷ TTM EPS | -0.84x | -6.11x |
| Forward P/EPrice ÷ next-FY EPS est. | 31.17x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 11.90x | 15.13x |
| Price / SalesMarket cap ÷ Revenue | 0.26x | 0.50x |
| Price / BookPrice ÷ Book value/share | 1.18x | 0.89x |
| Price / FCFMarket cap ÷ FCF | 102.63x | 4.40x |
Profitability & Efficiency
TDOC leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
TDOC delivers a -12.4% return on equity — every $100 of shareholder capital generates $-12 in annual profit, vs $-78 for EVH. TDOC carries lower financial leverage with a 0.75x debt-to-equity ratio, signaling a more conservative balance sheet compared to EVH's 2.38x. On the Piotroski fundamental quality scale (0–9), TDOC scores 6/9 vs EVH's 5/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -77.9% | -12.4% |
| ROA (TTM)Return on assets | -22.8% | -5.9% |
| ROICReturn on invested capital | -0.2% | -11.5% |
| ROCEReturn on capital employed | -0.3% | -10.0% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 |
| Debt / EquityFinancial leverage | 2.38x | 0.75x |
| Net DebtTotal debt minus cash | $838M | $259M |
| Cash & Equiv.Liquid assets | $152M | $781M |
| Total DebtShort + long-term debt | $990M | $1.0B |
| Interest CoverageEBIT ÷ Interest expense | -14.04x | -8.76x |
Total Returns (Dividends Reinvested)
TDOC leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in EVH five years ago would be worth $2,156 today (with dividends reinvested), compared to $461 for TDOC. Over the past 12 months, TDOC leads with a +1.5% total return vs EVH's -59.0%. The 3-year compound annual growth rate (CAGR) favors TDOC at -35.6% vs EVH's -50.2% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +10.0% | -1.3% |
| 1-Year ReturnPast 12 months | -59.0% | +1.5% |
| 3-Year ReturnCumulative with dividends | -87.7% | -73.3% |
| 5-Year ReturnCumulative with dividends | -78.4% | -95.4% |
| 10-Year ReturnCumulative with dividends | -63.6% | -41.1% |
| CAGR (3Y)Annualised 3-year return | -50.2% | -35.6% |
Risk & Volatility
Evenly matched — EVH and TDOC each lead in 1 of 2 comparable metrics.
Risk & Volatility
EVH is the less volatile stock with a 1.21 beta — it tends to amplify market swings less than TDOC's 1.91 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. TDOC currently trades 71.2% from its 52-week high vs EVH's 35.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.21x | 1.91x |
| 52-Week HighHighest price in past year | $12.07 | $9.77 |
| 52-Week LowLowest price in past year | $2.10 | $4.40 |
| % of 52W HighCurrent price vs 52-week peak | +35.5% | +71.2% |
| RSI (14)Momentum oscillator 0–100 | 68.0 | 74.1 |
| Avg Volume (50D)Average daily shares traded | 3.0M | 5.5M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates EVH as "Buy" and TDOC as "Hold". Consensus price targets imply 49.1% upside for EVH (target: $6) vs 8.9% for TDOC (target: $8). EVH is the only dividend payer here at 2.28% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $6.38 | $7.58 |
| # AnalystsCovering analysts | 29 | 42 |
| Dividend YieldAnnual dividend ÷ price | +2.3% | — |
| Dividend StreakConsecutive years of raises | 0 | — |
| Dividend / ShareAnnual DPS | $0.10 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +8.2% | 0.0% |
TDOC leads in 4 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics. 1 category is tied.
EVH vs TDOC: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is EVH or TDOC a better buy right now?
For growth investors, Teladoc Health, Inc.
(TDOC) is the stronger pick with -1. 5% revenue growth year-over-year, versus -26. 6% for Evolent Health, Inc. (EVH). Analysts rate Evolent Health, Inc. (EVH) a "Buy" — based on 29 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — EVH or TDOC?
Over the past 5 years, Evolent Health, Inc.
(EVH) delivered a total return of -78. 4%, compared to -95. 4% for Teladoc Health, Inc. (TDOC). Over 10 years, the gap is even starker: TDOC returned -41. 1% versus EVH's -63. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — EVH or TDOC?
By beta (market sensitivity over 5 years), Evolent Health, Inc.
(EVH) is the lower-risk stock at 1. 21β versus Teladoc Health, Inc. 's 1. 91β — meaning TDOC is approximately 58% more volatile than EVH relative to the S&P 500. On balance sheet safety, Teladoc Health, Inc. (TDOC) carries a lower debt/equity ratio of 75% versus 2% for Evolent Health, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — EVH or TDOC?
By revenue growth (latest reported year), Teladoc Health, Inc.
(TDOC) is pulling ahead at -1. 5% versus -26. 6% for Evolent Health, Inc. (EVH). On earnings-per-share growth, the picture is similar: Teladoc Health, Inc. grew EPS 80. 6% year-over-year, compared to -525. 9% for Evolent Health, Inc.. Over a 3-year CAGR, EVH leads at 11. 5% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — EVH or TDOC?
Teladoc Health, Inc.
(TDOC) is the more profitable company, earning -7. 9% net margin versus -28. 5% for Evolent Health, Inc. — meaning it keeps -7. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: EVH leads at -0. 2% versus -10. 4% for TDOC. At the gross margin level — before operating expenses — TDOC leads at 69. 5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is EVH or TDOC more undervalued right now?
Analyst consensus price targets imply the most upside for EVH: 49.
1% to $6. 38.
07Which pays a better dividend — EVH or TDOC?
In this comparison, EVH (2.
3% yield) pays a dividend. TDOC does not pay a meaningful dividend and should not be held primarily for income.
08Is EVH or TDOC better for a retirement portfolio?
For long-horizon retirement investors, Evolent Health, Inc.
(EVH) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 21), 2. 3% yield). Teladoc Health, Inc. (TDOC) carries a higher beta of 1. 91 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (EVH: -63. 6%, TDOC: -41. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between EVH and TDOC?
Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
EVH pays a dividend while TDOC does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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