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Elevance Health ELV Return on assets

Return on assets at other companies

Humana logo
HumanaHUM
5.7%-0.2pp
CVS Health logo
CVS HealthCVS
1.2%-0.9pp
UnitedHealth Group logo
UnitedHealth GroupUNH
3.9%-3.6pp
Centene logo
CenteneCNC
-7.7%-11.7pp
Cigna logo
CignaCI
4.1%+0.8pp
Cencora logo
CencoraCOR
2.7%-0.2pp

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$84.97B-34.7%
Enterprise value$106.8B-27.8%
P/E16.2×-5.8×
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 return on assets?
Elevance Health (ELV) reported return on assets of 4.3% in Q1 2026.
How has Elevance Health's return on assets changed year-over-year?
Elevance Health's return on assets decreased by 16.4% year-over-year, from 5.1% to 4.3%.
What is the long-term trend for Elevance Health's return on assets?
Over 4 years (2021 to 2025), Elevance Health's return on assets has grown at a -4.1% compound annual growth rate (CAGR), from 22.6% to 19%.
What does return on assets mean?
How much profit the company squeezes out of everything it owns.
How do you interpret return on assets?
Higher means more productive assets. Unlike ROE, it is unaffected by leverage, so a wide ROE-minus-ROA gap flags a heavily levered balance sheet.
How does return on assets compare across companies?
Best compared within an industry — asset intensity varies enormously across sectors. Not meaningful for banks, whose assets are largely financial.