Elevance Health ELV EBITDA margin

EBITDA margin at other companies

HumanaHUM

3.4%-1.7pp

CVS HealthCVS

2.6%-1.2pp

UnitedHealth GroupUNH

5.2%-4.0pp

CenteneCNC

-3%-5.9pp

CignaCI

4.4%-0.2pp

CencoraCOR

1.2%0.0pp

Questions, answered.

What does EBITDA margin mean?

Operating cash profitability per sales dollar, before interest, taxes, and non-cash charges.

How do you interpret EBITDA margin?

Useful for comparing operating profitability across firms with different depreciation policies and leverage. High EBITDA margin alongside heavy capex can still mean weak free cash flow — pair it with FCF margin.

How does EBITDA margin compare across companies?

Widely used to compare capital-intensive businesses on a like-for-like basis. Less meaningful for banks and insurers.