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Elevance Health ELV Ratios & Valuation

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Gross margin89.2%+0.6pp89.4%+0.5pp88.9%-0.5pp88.7%-0.8pp88.6%-1.1pp
Net margin2.6%-0.6pp2.8%-0.5pp2.8%-0.8pp2.8%-1.1pp3.2%-0.4pp
Free cash flow margin3.3%+1.3pp1.7%-0.9pp1.9%2.8%2%
Returns
Return on equity12.1%-2.1pp13.3%-1.5pp12.6%-3.0pp12.5%-4.2pp14.2%-1.8pp
Return on assets4.3%-0.8pp4.8%-0.5pp4.6%-1.0pp4.6%-1.5pp5.1%-0.5pp
Efficiency
Asset turnover1.6×0.0×1.7×+0.1×1.6×+0.1×1.6×+0.1×1.6×0.0×
Liquidity
Current ratio1.5×0.0×1.5×+0.1×1.6×+0.1×1.4×0.0×1.4×+0.1×
Quick ratio1.5×0.0×1.5×+0.1×1.6×+0.1×1.4×0.0×1.4×+0.1×
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×+0.1×0.7×0.0×0.7×+0.1×0.7×+0.1×0.7×+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-34.7%$77.91B-8.9%$72.76B-39.7%$85.05B-32.4%$98.47B-18.4%
Enterprise value$86.14B-27.8%$100.02B-7.1%$95.4B-30.8%$105.02B-27.1%$119.33B-13.5%
Price / earnings12.3×-4.4×13.8×-0.5×13.2×-5.7×15.9×-2.9×16.6×-2.7×
Price / sales0.3×-0.2×0.4×-0.1×0.4×-0.3×0.4×-0.3×0.5×-0.2×
Price / book1.5×-0.9×1.8×-0.3×1.7×-1.1×1.9×-1.0×2.3×-0.7×
EV / sales0.4×-0.2×0.5×-0.1×0.5×-0.3×0.6×-0.3×0.7×-0.2×
Free cash flow yield10.4%+6.6pp4.3%-1.0pp5.2%6.3%3.7%
Earnings yield8.2%+2.1pp7.3%+0.3pp7.6%+2.3pp6.3%+1.0pp6%+0.8pp
Dividend yield2.4%+0.8pp2%+0.2pp2.1%+0.9pp1.8%+0.6pp1.5%+0.4pp

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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.