Is Evolent Health, Inc. (EVH) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 279.7% / 30% | 42.9% / 30% | 87.6% / 30% | 0.22% / 5% | ✗ NOT HALAL |
| DJIM | 279.7% / 33% | 42.9% / 33% | 87.6% / 33% | 0.22% / 5% | ✗ NOT HALAL |
| MSCI | 52.1% / 33% | 8.0% / 33% | 16.3% / 33% | 0.22% / 5% | ✗ NOT HALAL |
| S&P | 279.7% / 33% | 42.9% / 33% | 87.6% / 33% | 0.22% / 5% | ✗ NOT HALAL |
| FTSE | 52.1% / 33% | 8.0% / 33% | 16.3% / 50% | 0.22% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 21.3% | |
| Operating Margin | -2.1% | |
| Net Margin | -28.5% | |
| Return on Equity (ROE) | -66.5% | |
| Return on Assets (ROA) | -0.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $39M |
| Free Cash Flow | $5M |
| Total Debt | $990M |
| Debt-to-Equity | 238.4 |
| Current Ratio | 1.3 |
| Total Assets | $1.9B |
Price & Trading
| Last Close | $2.38 |
| 50-Day MA | $3.05 |
| 200-Day MA | $6.45 |
| Avg Volume | 3.1M |
| Beta | 0.2 |
|
52-Week Range
$2.19
| |
About Evolent Health, Inc. (EVH)
Evolent Health, Inc., through its subsidiary, provides specialty care management services in oncology, cardiology, and musculoskeletal markets in the United States. The company offers integrated value-based care platform for health plan administration and management. It also provides administrative services, such as health plan services, pharmacy benefits management, risk management, analytics and reporting, and leadership and management; and Identifi, a proprietary technology system that aggregates and analyzes data, manages care workflows, and engages patients. In addition, the company provides Machinify Auth Intelligence, an artificial intelligence tool to aid nurses and physicians in completing clinical review of prior authorization requests. Evolent Health, Inc. was founded in 2011 and is headquartered in Arlington, Virginia.
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Frequently Asked Questions
Is Evolent Health, Inc. (EVH) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Evolent Health, Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Evolent Health, Inc.'s debt ratio?
Evolent Health, Inc.'s debt ratio is 279.7% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 52.1%.
What are Evolent Health, Inc.'s key financial metrics?
Evolent Health, Inc. has a market capitalization of $247M, and revenue of $1.9B. The company maintains a gross margin of 21.3% and a net margin of -28.5%. Return on equity stands at -66.5%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.