agilon health, Inc. (AGL) intrinsic value & 10-year financials

agilon health, Inc. (AGL) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 39.8% a year to $5.9B, with an average return on invested capital of 10.5%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$85.12
Market cap
$35.2B
Revenue (FY2025)
$5.9B
Revenue growth (8-yr CAGR)
39.8%
ROIC (10-yr avg)
10.5%
Free cash flow (FY2025)
-$119.0M

AGL 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $5.9B -$391.3M — -$119.0M -7.8% -295.0%
FY2024 $6.1B -$260.2M — -$71.0M -4.8% -63.0%
FY2023 $4.3B -$262.6M — -$172.0M -5.4% -38.7%
FY2022 $2.7B -$106.6M — -$146.2M -4.4% -34.2%
FY2021 $1.8B -$406.5M — -$154.7M -21.5% 374.9%
FY2020 $1.2B -$60.1M — -$55.0M -4.7% 17.8%
FY2019 $794.4M -$282.6M — -$106.8M -13.4% 111.8%
FY2018 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

agilon health, inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

agilon health, inc. has historically struggled to out-earn its cost of capital, averaging just -19.5% ROIC.

agilon health, inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, agilon health, inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-31.40 per share.

AGL stock: frequently asked questions

Does agilon health, Inc. generate free cash flow?

agilon health, Inc. generated -$119.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 7 reported years.

What is AGL's return on invested capital?

Average ROIC over the last 8 fiscal years was 10.5%, and average return on equity was 0.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this AGL data come from?

From agilon health, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 5, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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