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Elevance Health ELV Gross margin

Gross margin at other companies

CVS Health logo
CVS HealthCVS
44.7%-0.1pp
UnitedHealth Group logo
UnitedHealth GroupUNH
88.6%+0.4pp
Centene logo
CenteneCNC
98.6%+0.2pp
Molina Healthcare logo
Molina HealthcareMOH
12.6%-2.2pp
Cigna logo
CignaCI
20.6%-3.7pp
Hitachi logo
HitachiHIT
58.9%-15.5pp

Other financials

Income statement

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Revenue$50.5B+1.4%
Gross profit$45.0B+1.1%
Net income$1.5B-16.1%
EPS (diluted)$6.71-13.1%

Balance sheet

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Cash & equivalents$10.2B+19.5%
Total debt$30.7B+7.5%
Total equity$44.9B+2.7%
Total assets$126.44B+3.7%

Cash flow

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Operating cash flow$1.9B-6.9%
CapEx$287.0M+7.5%
Free cash flow$1.6B-9.0%

Valuation

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Market cap$81.51B+31.7%
Enterprise value$101.95B+24.5%
P/E16.4×+4.9×
P/S0.4×+0.1×

Profitability

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Net margin2.5%-0.4pp
FCF margin3.2%+0.4pp

Returns & leverage

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Return on equity11.2%-1.3pp
Debt / equity0.7×0.0×
Current ratio1.5×+0.1×

Where this comes from

Calculated from Elevance Health’s reported figures.

Based on trailing twelve months.

The source filing: Elevance Health’s 10-Q, filed July 15, 2026. Open the filing →

Filed
Jul 15, 2026, 11:27 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001156039-26-000060

FAQ

What is Elevance Health's gross margin?
Elevance Health (ELV) reported gross margin of 89.1% in Q2 2026.
How has Elevance Health's gross margin changed year-over-year?
Elevance Health's gross margin increased by 0.5% year-over-year, from 88.7% to 89.1%.
What is the long-term trend for Elevance Health's gross margin?
Over 5 years (2020 to 2025), Elevance Health's gross margin has grown at a -0.7% compound annual growth rate (CAGR), from 92.7% to 89.4%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

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