Innovage Holding vs Pennant Group
Innovage Holding and Pennant Group are similar in size: $990m and $948m of revenue in their latest fiscal years. Pennant Group grew faster (36.3% against 15.9%). Pennant Group kept more of each dollar of sales as profit: a net margin of 3.1% against -0.3%. Innovage Holding carries less debt relative to equity (20.7% against 46.8%).
| Latest fiscal year | Innovage HoldingINNV, 2026 | Pennant GroupPNTG, 2025 |
|---|---|---|
| Revenue | $990m | $948m |
| Revenue growth | 15.9% | 36.3% |
| Net income | −$2.5m | $29.6m |
| Operating margin | 0.3% | 5.5% |
| Net margin | -0.3% | 3.1% |
| Return on equity | -1.1% | 8.6% |
| Free cash flow | $50.4m | $36.3m |
| Cash | $97.9m | $17.0m |
| Total debt | $48.8m | $175m |
| Debt to equity | 20.7% | 46.8% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 2,500 | 9,700 |
| Market value | $1.21bn | $1.43bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | 28 (Weak) | 21 (Weak) |
| Insider trades, 12 months | 0 buys, 9 sales | 0 buys, 9 sales |