PRVAPrivia Health Group, Inc.
Is the business good?
A genuinely good business: earnings fully cash-backed (4.8×) and margins widening.
Operating profit is fully backed by cash. Conversion is worsening vs a year ago.
Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.
A balanced mix of margins, efficiency, and leverage. ROE 3% = margin × turnover × leverage.
Unless marked, from derived.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is PRVA?
Privia Health Group, Inc. earns 9.6% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 0.58 points above what the capital costs: growth creates value
- Operating margin
- 1.9%
Operating margin · Health Information Services median 2.8% · 12 months to Q2 2026
- Cash conversion
- 4.84×
Cash conversion · 7.50× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +2.6%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | 3.1% |
| FY2021 | −23% |
| FY2022 | −1.4% |
| FY2023 | 1.3% |
| FY2024 | 0.98% |
| FY2025 | 1.6% |
Details›
- Operating margin12 months to Q2 2026
- 1.9%
- Net margin12 months to Q2 2026
- 1.2%
- Revenue, trailing twelve months
- $2.36B
- Net income, trailing twelve months
- $28M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 9.6%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Health Information Services
Ranks #14 of 20 by RyuScore