Inovalon Holdings Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Inovalon Holdings Inc (INOV) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Inovalon Holdings Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 750M vs 338M combined for tracked competitors (68.9% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+2.6% annualized vs trailing 12 months), vs accelerating (+2.4%) for its tracked peer group.
- Growth: Inovalon Holdings Inc generated 19.1% revenue growth year over year in Q3 2021, vs 22.8% for its tracked competitors combined.
- Profitability: Its 5.9% net margin compares with -19.8% for the peer group.
- Peer revenue share: Inovalon Holdings Inc accounted for 69.0% of combined revenue among its tracked peer group, down from 69.6% a year earlier.
- Peer differentiation: Revenue per employee of $0.25M compares with $0.42M for the peer group (0.6x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
INOV Sales vs. its Competitors, Q3 2021
Inovalon Holdings Inc reported revenue growth of 19.12 % year on year in Q3 2021, below its competitors' combined revenue growth of 22.81 %.
With a net margin of 5.94 %, Inovalon Holdings Inc achieved higher profitability than its competitors (-19.76 %).
Inovalon Holdings Inc generated 68.95 % of the combined sales of its peer group, down from 69.59 % a year earlier.
Inovalon Holdings Inc vs. its Competitors, Q3 2021
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Inovalon Holdings Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Inovalon Holdings inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (7) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Inovalon Holdings Inc's competitor groups requires a Commercial License.
For context: the Cloud Computing & Data Analytics industry grew revenue 1.3% year over year, combined, vs 19.1% for Inovalon Holdings Inc. Inovalon Holdings Inc's share of combined industry revenue moved from 0.12% to 0.14%, a gain of 0.02 percentage points.
Inovalon Holdings Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Inovalon Holdings inc | Yes | Yes | Yes | No |
| Competitors combined (1) | ||||
| High-Confidence Competitors (1) | - | - | - | |
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 37.50 % (3 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
INOV Stock Performance relative to its Competitors
INOV Stock Performance relative to High-Confidence Competitors
INOV Stock Performance relative to Similar Growth & Profitability Competitors
Publicly Traded Peers of Inovalon Holdings inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Inovalon Holdings inc | 5,448.61 | 749.59 |
| Tabula Rasa Healthcare inc | 266.93 | 338.12 |
| SUBTOTAL | 5,715.54 | 1,087.71 |
Sources: Inovalon Holdings inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Inovalon Holdings inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Inovalon Holdings Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Msp Recovery Inc | Named by the company | 85% |
| LIFW | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Inovalon Holdings Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Inovalon Holdings Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Inovalon Holdings inc | 5,449 | 249,863 | 16,826 |
| Tabula Rasa Healthcare inc | 267 | 422,652 | -119,320 |
| PEERS TOTAL | 267 | 422,652 | -119,320 |
Inovalon Holdings Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 148 companies in Inovalon Holdings Inc's industry classification, broader than the peer set above. Market cap in millions of $.Inovalon Holdings Inc ranks #0 of 148 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 546, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Automatic Data Processing Inc | 105,523 | 16.92 % |
| 2 | Workday Inc | 45,532 | 7.30 % |
| 3 | Infosys Limited | 43,117 | 6.91 % |
| 4 | Zscaler Inc | 31,483 | 5.05 % |
| 5 | Reddit Inc | 1,234 | 5.2% |
| 6 | Cognizant Technology Solutions Corporation | 1,234 | 5.2% |
| 7 | Verisign Inc | 1,234 | 5.2% |
| 8 | Verisk Analytics Inc | 1,234 | 5.2% |
| 9 | Toast Inc | 1,234 | 5.2% |
| 10 | Wipro Limited | 1,234 | 5.2% |
| 0 | Inovalon Holdings inc | 5,496 | 0.00 % |
Market cap and industry share for the rest of Inovalon Holdings Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-06-03.
Inovalon Holdings Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Cloud Computing & Data Analytics industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (203 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 73.12 % | 51.85 % (avg) | +21.3 pp |
| Operating Margin | 12.97 % | industry median | +19.6 pp |
| EBITDA Margin | 25.56 % | 2.97 % (avg) | +22.6 pp |
| Capital Intensity (Capex / Revenue) | 5.32 % | 5.21 % (avg) | +0.1 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Inovalon Holdings Inc's Valuation vs Competitive Position
Valuation multiples vs the Cloud Computing & Data Analytics industry average (203 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 118.2x | 27.6x | +90.6x |
| EV / EBITDA | 35.5x | 16.4x | +19.1x |
| P/B | 8.2x | 4.0x | +4.2x |
| Return on Equity | 6.84 % | industry aggregate | -4.00 % |
| Return on Invested Capital | 3.80 % | 1.95 % (avg) | 1.85 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Inovalon Holdings Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
| Revenue Growth | -2.21 % | 5.09 % | 17.43 % | 21.74 % | 3.91 % |
| Operating Margin | 8.80 % | 7.52 % | -0.49 % | 10.82 % | 10.74 % |
| Return on Invested Capital | 2.14 % | 2.16 % | -0.12 % | 2.81 % | 2.88 % |
| P/E | 68.4x | 61.8x | - | 434.5x | 137.9x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Inovalon Holdings Inc's Strategic Group Map
Every company in Inovalon Holdings Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Inovalon Holdings Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Inovalon Holdings Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 546 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Moderate, in line with the industry | Capital intensity (capex / revenue) of 5.32 % vs industry average 5.21 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Inovalon Holdings Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Inovalon Holdings Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Inovalon Holdings Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Inovalon Holdings Inc falls in the Low attractiveness / High strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Inovalon Holdings Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 19.6 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+2.6% annualized vs trailing 12 months).
Weaknesses
- Underperforming the U.S.A. 500 over the trailing 12 months.
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Inovalon Holdings Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Inovalon Holdings inc | 0.77 | 2.19 | 1.20 |
| Tabula Rasa Healthcare inc | 0.83 | 1.68 | - |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Inovalon Holdings Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Inovalon Holdings inc | Q3 2021 | +19.1 % | +1,326.3 % |
| Tabula Rasa Healthcare inc | Q2 2023 | +24.0 % | - |
| PEERS TOTAL | +20.6 % | - |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Inovalon Holdings Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Inovalon Holdings inc | Q3 2021 | +38.9 % | +61.4 % |
| Tabula Rasa Healthcare inc | Q2 2023 | +19.2 % | -43.5 % |
Inovalon Holdings Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Inovalon Holdings inc | 2.56% | 2.78% | 6.84% |
| Tabula Rasa Healthcare inc | - | - | - |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Inovalon Holdings Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Inovalon Holdings inc | 106.63 | 7.27 |
| Tabula Rasa Healthcare inc | - | 0.79 |
| PEERS AVERAGE | - | 5.25 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.