Elevance Health, Inc.

ELV Healthcare Healthcare Plans

Elevance Health, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $199.1 billion, up 12.5% from fiscal 2024.

Revenue
+1.42%
EPS
+17.9%
Free cash flow
+29.0%
Total debt
−3.65%

Quarter to September 2026, against a year earlier

425.62 6.38 −1.48%
Market cap
$93.3B
P/E
18.2×
Fwd P/E
19.0×
Dividend yield
1.61%
F-score
6/9
Altman Z
3.09
Beneish M
−2.26
Dividend safety
96/100

Elevance Health, Inc. (ELV) Return on invested capital

Alert me on Return on invested capital

Elevance Health, Inc.'s return on invested capital over the twelve months to 30 September 2026 was 12.8%, up 0.0 percentage points from fiscal 2025 (12.7%). Over the past ten years it has ranged from 12.7% (fiscal 2025) to 21.3% (fiscal 2021) — the current reading is the lowest in ten years. That is above the Healthcare Plans industry median of 5.93% and above the Healthcare sector median of 0.00%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 12.7% (2.36)
FY2024 15.1% (4.47)
FY2023 19.6% (0.83)
FY2022 20.4% (0.91)
FY2021 21.3% 1.71
FY2020 19.6% 3.09
FY2019 16.5% 1.24
FY2018 15.3% (0.23)
FY2017 15.5% (4.39)
FY2016 19.9% 0.00

Against its own ten years

Low 12.7% High 21.3%
Ten-year median 19.6%
Current reading's percentile 9

Return on invested capital against peers

Company Return on invested capital
PGNY Progyny, Inc. compare 36.0%
HUM Humana Inc. compare 23.7%
ELV Elevance Health, Inc. 12.8%
UNH UnitedHealth Group Incorporated compare 10.4%
CI Cigna Group compare 8.90%
CVS CVS Health Corporation compare 7.44%
CNC Centene Corporation compare 4.42%
OSCR Oscar Health, Inc. compare 0.00%
MOH Molina Healthcare, Inc compare 0.00%
Healthcare Plans industry median 5.93%
Healthcare sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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