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Elevance Health ELV Ratios & Valuation

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Gross margin89.2%-0.2pp89.4%+0.5pp88.9%+0.2pp88.7%+0.1pp88.6%-0.2pp
Net margin2.6%-0.2pp2.8%0.0pp2.8%0.0pp2.8%-0.4pp3.2%-0.2pp
Free cash flow margin3.3%+1.6pp1.7%-0.2pp1.9%-0.9pp2.8%+0.8pp2%-0.6pp
Returns
Return on equity12.1%-1.2pp13.3%+0.7pp12.6%+0.1pp12.5%-1.8pp14.2%-0.6pp
Return on assets4.3%-0.5pp4.8%+0.1pp4.6%+0.1pp4.6%-0.5pp5.1%-0.2pp
Efficiency
Asset turnover1.6×0.0×1.7×0.0×1.6×0.0×1.6×0.0×1.6×0.0×
Liquidity
Current ratio1.5×-0.1×1.5×0.0×1.6×+0.1×1.4×0.0×1.4×0.0×
Quick ratio1.5×-0.1×1.5×0.0×1.6×+0.1×1.4×0.0×1.4×0.0×
Cash ratio0.2×0.0×0.2×0.0×0.2×0.0×0.2×0.0×0.2×0.0×
Leverage
Debt-to-equity0.7×0.0×0.7×0.0×0.7×+0.1×0.7×0.0×0.7×-0.1×
Debt-to-assets0.3×0.0×0.3×0.0×0.3×0.0×0.2×0.0×0.2×0.0×
Valuation
Market capitalization$64.31B-17.5%$77.91B+7.1%$72.76B-14.4%$85.05B-13.6%$98.47B+15.1%
Enterprise value$86.14B-13.9%$100.02B+4.8%$95.4B-9.2%$105.02B-12.0%$119.33B+10.8%
Price / earnings12.3×-1.5×13.8×+0.6×13.2×-2.7×15.9×-0.8×16.6×+2.3×
Price / sales0.3×-0.1×0.4×0.0×0.4×-0.1×0.4×-0.1×0.5×+0.1×
Price / book1.5×-0.3×1.8×+0.1×1.7×-0.3×1.9×-0.4×2.3×+0.2×
EV / sales0.4×-0.1×0.5×0.0×0.5×-0.1×0.6×-0.1×0.7×0.0×
Free cash flow yield10.4%+6.0pp4.3%-0.8pp5.2%-1.1pp6.3%+2.5pp3.7%-1.6pp
Earnings yield8.2%+0.9pp7.3%-0.3pp7.6%+1.3pp6.3%+0.3pp6%-1.0pp
Dividend yield2.4%+0.4pp2%-0.1pp2.1%+0.3pp1.8%+0.3pp1.5%-0.2pp

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Questions, answered.

Where do Elevance Health's ratios come from?
Every ratio is computed from Elevance Health's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.