Elevance Health, Inc. (ELV) vs UnitedHealth Group Incorporated (UNH)

Elevance Health, Inc. and UnitedHealth Group Incorporated are both Healthcare Plans companies. UnitedHealth Group Incorporated is the larger, with a market value of $365.0B against $92.9B — 3.9× the size. Elevance Health, Inc. trades at the lower P/E: 19.0× against 25.8×. Elevance Health, Inc. grew revenue faster over the last twelve months: 6.29% against 3.33%. UnitedHealth Group Incorporated has the higher net margin (3.53% vs 2.47%) and the lower return on invested capital (10.4% vs 11.8%). Both pay a dividend; UnitedHealth Group Incorporated yields more (2.26% vs 1.60%). Across the 23 metrics below, Elevance Health, Inc. leads on 15 and UnitedHealth Group Incorporated on 8.

Valuation

Metric ELV UNH Healthcare Plans median
P/E 19.03 25.83 24.97
P/S 0.46 0.81 0.42
P/B 2.06 3.46 2.57
Price to free cash flow 14.78 15.86 11.77
EV/EBITDA 9.81 15.49 11.47
EV/Sales 0.43 0.89 0.39
Earnings yield 5.25% 3.87% 3.10%
Free cash flow yield 6.77% 6.30% 7.64%

Profitability

Metric ELV UNH Healthcare Plans median
Gross margin 15.12% 40.01% 19.37%
Operating margin 3.63% 5.32% 1.93%
Net margin 2.47% 3.53% 1.04%
Free cash flow margin 3.13% 5.08% 3.18%
Return on equity 11.17% 0.00% 8.99%
Return on assets 4.00% 5.06% 2.98%
Return on invested capital 11.83% 10.36% 2.04%

Growth

Metric ELV UNH Healthcare Plans median
Revenue growth (TTM) 6.29% 3.33% 7.57%
EPS growth (last fiscal year) (1.83%) (14.70%) (8.27%)
Revenue growth, 5-year CAGR 10.32% 11.72% 11.88%
Net income growth, 5-year CAGR 4.37% (4.78%) 0.00%

Health

Metric ELV UNH Healthcare Plans median
Debt to equity 0.69 0.66 0.70
Current ratio 1.52 0.25 1.32
Net debt to EBITDA (0.44) 1.89 0.05

Dividend

Metric ELV UNH Healthcare Plans median
Dividend yield 1.60% 2.26% 2.05%
Payout ratio 0.31 0.51 0.33

Size

Metric ELV UNH Healthcare Plans median
Market cap 92.91b 365.02b 22.96b

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