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Elevance Health ELV Free cash flow margin

Free cash flow margin at other companies

CVS Health logo
CVS HealthCVS
1.8%
UnitedHealth Group logo
UnitedHealth GroupUNH
4.4%-1.7pp
Centene logo
CenteneCNC
3.6%+2.7pp
Cencora logo
CencoraCOR
1.1%+1.0pp
Cardinal Health logo
Cardinal HealthCAH
1.7%+0.6pp
GE HealthCare Technologies logo
GE HealthCare TechnologiesGEHC
7.2%

Other financials

Income statement

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Revenue$50.2B+2.6%
Gross profit$44.7B+1.8%
Net income$1.8B-19.2%
EPS (diluted)$8.00-16.8%

Balance sheet

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Cash & equivalents$9.7B+28.8%
Total debt$31.5B+11.0%
Total equity$43.9B+3.3%
Total assets$125.83B+5.1%

Cash flow

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Operating cash flow$4.3B+326%
CapEx$235.0M+19.9%
Free cash flow$4.1B+399%

Valuation

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Market cap$84.37B-34.7%
Enterprise value$106.2B-27.8%
P/E16.1×-5.7×
P/S0.4×-0.3×

Profitability

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Gross margin89.2%+0.6pp
Net margin2.6%-0.6pp

Returns & leverage

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Return on equity12.1%-2.1pp
Debt / equity0.7×+0.1×
Current ratio1.5×0.0×

Where this comes from

Calculated from Elevance Health’s reported figures.

Based on trailing twelve months.

The official record: Elevance Health’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Elevance Health's free cash flow margin?
Elevance Health (ELV) reported free cash flow margin of 3.3% in Q1 2026.
How has Elevance Health's free cash flow margin changed year-over-year?
Elevance Health's free cash flow margin increased by 65.8% year-over-year, from 2% to 3.3%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.