Companies / Health Care
ELV
Elevance Health
Managed Health Care
Managed Health CareAnalysis in progress
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Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health52
Growth60
Profitability39
Cash generation25
Balance sheet35
Dilution control100
Key ratios and five-year financials
Latest quarter revenue YoY (2026-09-30)1.4%Revenue growth (FY)12.5%Revenue CAGR (3y)8.3%Gross margin89.4%Operating margin3.6%Net margin2.8%Free cash flow margin1.6%R&D / revenue—Stock comp / revenue0.1%Net debt / operating cash flow5.51xCurrent ratio1.54Diluted share count change-3.6%
| Fiscal year ending | FY 2021-12 | FY 2022-12 | FY 2023-12 | FY 2024-12 | FY 2025-12 |
|---|---|---|---|---|---|
| Revenue | $138.6B | $156.6B | $171.3B | $177.0B | $199.1B |
| Gross profit | $127.7B | $143.6B | $154.0B | $157.3B | $177.9B |
| Operating income | $7.6B | $8.3B | $8.5B | $7.9B | $7.2B |
| Net income | $6.2B | $5.9B | $6.0B | $6.0B | $5.7B |
| Operating cash flow | $8.4B | $8.4B | $8.1B | $5.8B | $4.3B |
| Capital expenditure | $1.1B | $1.2B | $1.3B | $1.3B | $1.1B |
| Free cash flow | $7.3B | $7.2B | $6.8B | $4.6B | $3.2B |
| Stock-based comp | $255M | $264M | $289M | $191M | $276M |
| Buybacks | $1.9B | $2.3B | $2.7B | $2.9B | $2.6B |
| Dividends | $1.1B | $1.2B | $1.4B | $1.5B | $1.5B |
| Cash | $4.9B | $7.4B | $6.5B | $8.3B | $9.5B |
| Total debt | $24.6B | $25.6B | $26.8B | $32.9B | $33.1B |
| Equity | $36.1B | $36.2B | $39.3B | $41.3B | $43.9B |
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