CoverageForm 410-K10-Q8-K13D13G13F

ELV · Elevance Health, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · ELV

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue$199.13B$177.01B$171.34B$156.59B$138.64B$121.87B
Cost of Revenue$21.18B$19.75B$17.29B$13.04B$10.89B$8.95B
Gross Profit$177.95B$157.26B$154.05B$143.56B$127.74B$112.91B
R&D------
SG&A$20.98B$20.02B$20.09B$17.69B$15.91B$17.45B
Total Operating Expenses------
D&A$94.00M$105.00M$107.00M$123.00M$136.00M$176.00M
Operating Income$7.20B$7.86B$8.50B$8.45B$7.49B$6.36B
Interest Expense$1.40B$1.19B$1.03B$851.00M$798.00M$784.00M
Income Tax$1.05B$1.93B$1.72B$1.75B$1.83B$1.67B
Net Income$5.66B$5.98B$5.99B$6.03B$6.10B$4.57B
EPS - Basic$25.28$25.81$25.38$25.10$25.04$18.23
EPS - Diluted$25.21$25.68$25.22$24.81$24.73$17.98

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash & Equivalents$9.49B$8.29B$6.53B$7.39B$4.88B$5.74B
Accounts Receivable------
Inventory------
Accounts Payable------
Current Assets$63.00B$58.94B$60.03B$55.62B$51.12B$45.75B
Total Assets$121.49B$116.89B$108.93B$102.77B$97.46B$86.61B
Current Liabilities$41.03B$40.58B$41.79B$39.70B$34.88B$29.45B
Long-term Debt$30.80B$29.22B$23.25B$22.35B$21.16B$19.34B
Total Liabilities$77.47B$75.46B$69.52B$66.38B$61.33B$53.42B
Stockholders' Equity$43.88B$41.31B$39.31B$36.31B$36.06B$33.20B
Retained Earnings$35.39B$33.55B$31.75B$29.72B$27.09B$23.80B

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Operating Cash Flow$4.29B$5.81B$8.06B$8.40B$8.36B$10.69B
Investing Cash Flow($1.34B)($5.17B)($5.57B)($4.56B)($9.64B)($7.32B)
Financing Cash Flow($1.74B)$1.19B($3.35B)($1.32B)$423.00M($2.57B)
CapEx$1.12B$1.26B$1.30B$1.15B$1.09B$1.02B
Free Cash Flow$3.17B$4.55B$6.76B$7.25B$7.28B$9.67B

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin89.4%88.8%89.9%91.7%92.1%92.7%
Operating margin3.6%4.4%5.0%5.4%5.4%5.2%
EBITDA margin3.7%4.5%5.0%5.5%5.5%5.4%
Net margin2.8%3.4%3.5%3.8%4.4%3.8%
Free cash flow margin1.6%2.6%3.9%4.6%5.2%7.9%
FCF / Net income0.560.761.131.201.192.11
R&D / Revenue------
SG&A / Revenue10.5%11.3%11.7%11.3%11.5%14.3%
Effective tax rate15.6%24.4%22.4%22.5%23.1%26.7%
Return on assets4.7%5.1%5.5%5.9%6.3%5.3%
Return on equity12.9%14.5%15.2%16.6%16.9%13.8%
Return on invested capital8.1%8.4%10.5%11.2%10.1%8.9%
Liquidity
Current ratio1.541.451.441.401.471.55
Quick ratio1.541.451.441.401.471.55
Cash ratio0.230.200.160.190.140.19
Leverage
Debt / Equity0.700.710.590.620.590.58
Debt / Assets0.250.250.210.220.220.22
Debt / EBITDA4.223.672.702.612.772.96
Interest coverage5.1x6.6x8.3x9.9x9.4x8.1x
Equity multiplier2.772.832.772.832.702.61
Liabilities / Assets0.640.650.640.650.630.62
Efficiency
Asset turnover1.641.511.571.521.421.41
Inventory turnover------
Days sales outstanding------
Days inventory outstanding------
Days payable outstanding------
Cash conversion cycle------
Valuation
P / E13.9x14.4x----
P / B1.8x2.1x----
P / S0.4x0.5x----
EV / EBITDA13.7x13.4x----
Growth
Revenue growth (YoY)12.5%3.3%9.4%13.0%13.8%16.9%
Revenue CAGR (3y)8.3%8.5%12.0%14.5%14.6%10.6%
Revenue CAGR (5y)10.3%11.2%13.2%11.7%10.3%9.0%
Gross profit growth (YoY)13.2%2.1%7.3%12.4%13.1%8.3%
Operating income growth (YoY)-8.4%-7.5%0.6%12.9%17.8%6.0%
Net income growth (YoY)-5.3%-0.1%-0.6%-1.3%33.5%-4.9%
EPS growth (YoY)-1.8%1.8%1.7%0.3%37.5%-2.7%
EPS CAGR (3y)0.5%1.3%11.9%10.3%20.3%7.8%
EPS CAGR (5y)7.0%6.8%12.2%11.6%21.8%13.9%
FCF growth (YoY)-30.3%-32.7%-6.7%-0.4%-24.7%94.0%
FCF CAGR (5y)-20.0%-1.8%20.9%16.4%22.7%22.7%
Book value growth (YoY)6.2%5.1%8.3%0.7%8.6%4.6%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$199.13B total
Reportable Segments$199.13B · 100.0%

Product / service

$32.95B total
Product$24.47B · 74.3%
Service Fees$8.47B · 25.7%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

2.43
Grey zone

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

6/9
Neutral
  • Net income positive
  • Operating cash flow positive
  • ROA improved YoY
  • Cash flow > net income
  • Long-term debt decreased
  • Current ratio improved
  • No share dilution
  • Gross margin improved
  • Asset turnover improved

Peer comparison

Same SIC group: Hospital & Medical Service Plans

CompanyRevenue (last FY)Net marginROE
UNH$447.57B2.7%12.0%
TRUP$1.44B1.4%5.1%
CNC$194.78B-3.4%-33.4%
ALHC$3.95B-0.0%-0.4%
CI$274.90B1.2%8.2%

Comparing Elevance Health against the 5 most active filers in the same SIC group.

Dividends

$6.85/share trailing 12 months · +3.8% YoY

Ex-datePer share
Mar 10, 2026$1.7200
Dec 5, 2025$1.7100
Sep 10, 2025$1.7100
Jun 10, 2025$1.7100
Mar 10, 2025$1.7100
Dec 5, 2024$1.6300
Sep 10, 2024$1.6300
Jun 10, 2024$1.6300
Mar 7, 2024$1.6300
Dec 5, 2023$1.4800
Sep 7, 2023$1.4800
Jun 8, 2023$1.4800
Mar 9, 2023$1.4800
Dec 2, 2022$1.2800
Sep 8, 2022$1.2800
Jun 9, 2022$1.2800
Mar 9, 2022$1.2800
Dec 2, 2021$1.1300
Sep 9, 2021$1.1300
Jun 9, 2021$1.1300
Mar 9, 2021$1.1300
Dec 4, 2020$0.9500
Sep 9, 2020$0.9500
Jun 9, 2020$0.9500