Elevance Health, Inc. ELV

396.09 (2.16) (0.54%) as of 25 Sep
Market cap
$86.4B
P/E
17.6×
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Elevance Health, Inc. (ELV) Return on invested capital

Elevance Health, Inc.'s return on invested capital over the twelve months to 30 June 2026 was 11.8%, down 0.9 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 2.04% and above the Healthcare sector median of 0.00%.

Return on invested capital, annual

Annual

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
HUM Humana Inc. compare 17.5%
ELV Elevance Health, Inc. 11.8%
UNH UnitedHealth Group Incorporated compare 9.50%
CI Cigna Group compare 9.09%
CVS CVS Health Corporation compare 4.07%
OSCR Oscar Health, Inc. compare 0.00%
MOH Molina Healthcare, Inc compare 0.00%
CLOV Clover Health Investments, Corp. compare −8.62%
CNC Centene Corporation compare −30.2%
Healthcare Plans industry median 2.04%
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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