Guardant Health vs Innovage Holding
Guardant Health and Innovage Holding are similar in size: $982m and $990m of revenue in their latest fiscal years. Guardant Health grew faster (32.9% against 15.9%). Innovage Holding kept more of each dollar of sales as profit: a net margin of -0.3% against -42.4%.
| Latest fiscal year | Guardant HealthGH, 2025 | Innovage HoldingINNV, 2026 |
|---|---|---|
| Revenue | $982m | $990m |
| Revenue growth | 32.9% | 15.9% |
| Net income | −$416m | −$2.5m |
| Operating margin | -44.5% | 0.3% |
| Net margin | -42.4% | -0.3% |
| Return on equity | — | -1.1% |
| Free cash flow | −$233m | $50.4m |
| Cash | $378m | $97.9m |
| Total debt | $1.50bn | $48.8m |
| Debt to equity | — | 20.7% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $45.0m | — |
| Employees | 2,506 | 2,500 |
| Market value | $23.34bn | $1.21bn |
| Price vs our value range | — | Above our value range |
| Moat score | 8 (Weak) | 28 (Weak) |
| Insider trades, 12 months | 1 buys, 141 sales | 0 buys, 9 sales |