Elevance Health Financial Ratios
NYSE: ELVHealth CareMedical SpecialitiesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Elevance Health ratio analysis
Elevance Health earned a net margin of 2.8% in FY 2025, down from 3.4% a year earlier. Gross margin was 89.4% compared with a median of 92.4% over the prior 8 years. Return on equity reached 12.9%, meaning Elevance Health generated 0.13 dollars of profit for every dollar of shareholders' equity.
Debt-to-equity stood at 0.73 versus 0.76 the year before, and the current ratio was 1.54. At the end of FY 2025, ELV traded at 14.1 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 14.1 to 21.1, with a median of 16.8. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Elevance Health financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 14.05 | 14.47 | 18.70 | 21.13 | 18.58 | 17.86 | 16.07 | 17.61 | 15.68 | 15.61 |
| Price / sales | 0.40 | 0.49 | 0.65 | 0.79 | 0.82 | 0.66 | 0.73 | 0.70 | 0.65 | 0.45 |
| Price / book | 1.81 | 2.08 | 2.83 | 3.40 | 3.13 | 2.43 | 2.39 | 2.26 | 2.22 | 1.51 |
| Gross margin | 89.4% | 88.8% | 89.9% | 91.7% | 92.1% | 92.7% | 98.1% | 100.0% | 100.0% | — |
| Operating margin | 3.6% | 4.4% | 5.0% | 5.3% | 5.5% | 5.2% | 5.8% | 5.9% | 4.6% | 5.7% |
| Net margin | 2.8% | 3.4% | 3.5% | 3.8% | 4.4% | 3.8% | 4.6% | 4.1% | 4.3% | 2.9% |
| Free cash flow margin | 1.6% | 2.6% | 3.9% | 4.6% | 5.2% | 7.9% | 4.8% | 2.8% | 3.8% | 3.2% |
| Return on equity (ROE) | 12.9% | 14.5% | 15.2% | 16.3% | 17.1% | 13.8% | 15.2% | 13.1% | 14.5% | 9.8% |
| Return on assets (ROA) | 4.7% | 5.1% | 5.5% | 5.7% | 6.3% | 5.3% | 6.2% | 5.2% | 5.4% | 3.8% |
| Debt / equity | 0.73 | 0.76 | 0.64 | 0.67 | 0.64 | 0.60 | 0.63 | 0.67 | 0.75 | 0.63 |
| Current ratio | 1.54 | 1.45 | 1.44 | 1.40 | 1.47 | 1.55 | 1.66 | 1.56 | 1.55 | 1.61 |
| Revenue growth | 12.5% | 3.3% | 9.4% | 13.0% | 13.8% | 16.9% | 13.1% | 2.3% | 6.1% | 7.2% |
| EPS growth | -1.8% | 1.8% | 3.9% | -2.7% | 38.8% | -2.7% | 30.2% | -1.1% | 55.8% | -1.8% |