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Clover Health Investments vs Trupanion: CLOV and TRUP compared
Clover Health Investments is the larger company: $759M of revenue in its latest quarter (Q3 2026) against $406M for Trupanion (Q3 2026). Clover Health Investments is growing faster (+53% against +10% a year earlier). Trupanion is more profitable, with an operating margin of 2.4% against 0.8%.
Where the money goes: CLOV and TRUP
Clover Health Investments (CLOV) · Q3 2026
Clover Health Investments, Q3 2026: revenue $759M (+53% year over year), operating margin 0.8%, net earnings $6.4M, operating cash flow $70.4M. The chart follows the revenue to costs, profit and cash.
Trupanion (TRUP) · Q3 2026
Trupanion, Q3 2026: revenue $406M (+10% year over year), operating margin 2.4%, net earnings $9.3M, operating cash flow $30.7M. The chart follows the revenue to costs, profit and cash.
| Clover Health Investments (CLOV) | Trupanion (TRUP) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $759M | $406M |
| Revenue growth, Y/Y | +53% | +10% |
| Operating margin | 0.8% | 2.4% |
| Net earnings | $6.4M | $9.3M |
| Net margin | 0.8% | 2.3% |
| Operating cash flow | $70.4M | $30.7M |
| Free cash flow | $69.5M | $28.5M |
| Market value | $2.7B | $1.6B |
| P/E | — | 60.4× |
| Analysts’ mean target | $5.50 | $35.50 |
Where the revenue comes from
Trupanion
- Subscription business: $288M (71%)
- Other Segments: $118M (29%)
Questions
Which is bigger, Clover Health Investments or Trupanion?
Clover Health Investments is the larger company: $759M of revenue in its latest quarter (Q3 2026) against $406M for Trupanion (Q3 2026).
Is Clover Health Investments or Trupanion growing faster?
Clover Health Investments is growing faster (+53% against +10% a year earlier).
Which is more profitable, Clover Health Investments or Trupanion?
Trupanion is more profitable, with an operating margin of 2.4% against 0.8%.
More: Clover Health Investments earnings · how Clover Health Investments makes money · Trupanion earnings · how Trupanion makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.