Elevance Health (ELV) FCF Margin (2010 - 2026)
Elevance Health's (ELV) quarterly FCF Margin came in at 3.94% in Q2 2026, down 39.0% year-on-year from 6.46% in Q2 2025, and down 60.56% on a QoQ basis from 9.99% in Q1 2026.
Elevance Health (ELV) FCF Margin (2010 - 2026) Analysis & Trends
Elevance Health (ELV) has 17 years of FCF Margin data on file, last reported at 3.94% in Q2 2026.
- On a quarterly basis, FCF Margin fell 39.0% year-over-year to 3.94% in Q2 2026; TTM through Jun 2026 was 3.45%, a 13.0% decrease from a year earlier, with the FY2025 full-year figure at 1.59%, down 156.0% from the prior year.
- FCF Margin for Q2 2026 stood at 3.94%, down from 9.99% in the prior quarter.
- Over the last five years, FCF Margin for ELV reached as high as 14.72% in Q1 2023 and fell as low as 10.54% in Q4 2022.
- Historically, FCF Margin has averaged 3.68% across 5 years, with a median of 4.16% in 2025.
- Across the five-year window, FCF Margin tumbled 1318 bps in 2022 and surged 872 bps in 2023, its largest moves.
- Year by year, FCF Margin stood at 10.54% in 2022, then jumped by 51 bps to 5.18% in 2023, then jumped by 153 bps to 2.75% in 2024, then plunged by 115 bps to 0.42% in 2025, then surged by 1038 bps to 3.94% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 3.94% in Q2 2026, 9.99% in Q1 2026, and 0.42% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 378.67 Bn | 347.44 Bn | 38.23 Bn | 7.29% |
| 2 | Cvs Health | 136.85 Bn | 125.05 Bn | 22.85 Bn | 10.06% |
| 3 | Elevance Health | 81.99 Bn | 46.04 Bn | 35.79 Bn | 3.94% |
| 4 | Cigna | 76.73 Bn | 68.88 Bn | -44.29 Bn | 8.81% |
| 5 | Humana | 46.13 Bn | 24.17 Bn | 5.94 Bn | 2.86% |
| 6 | Centene | 31.29 Bn | 7.54 Bn | 43.95 Bn | 9.33% |
| 7 | Molina Healthcare | 10.32 Bn | 1.40 Bn | 1.43 Bn | -2.98% |
| 8 | Oscar Health | 8.45 Bn | 1.65 Bn | 1.42 Bn | 56.17% |
| 9 | Alignment Healthcare | 3.84 Bn | 3.12 Bn | 144.48 Mn | 10.41% |
| 10 | Progyny | 2.57 Bn | 2.35 Bn | 83.07 Mn | 13.74% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.94% |
| Mar 31, 2026 | 9.99% |
| Dec 31, 2025 | -0.42% |
| Sep 30, 2025 | 1.55% |
| Jun 30, 2025 | 4.33% |
| Mar 31, 2025 | 1.68% |
| Dec 31, 2024 | 2.75% |
| Sep 30, 2024 | 5.24% |
| Jun 30, 2024 | 0.28% |
| Mar 31, 2024 | 3.99% |
| Dec 31, 2023 | -5.18% |
| Sep 30, 2023 | 5.40% |
| Jun 30, 2023 | 4.37% |
| Mar 31, 2023 | 14.72% |
| Dec 31, 2022 | -10.54% |
| Sep 30, 2022 | 11.66% |
| Jun 30, 2022 | 6.52% |
| Mar 31, 2022 | 6.00% |
| Dec 31, 2021 | 2.65% |
| Sep 30, 2021 | 6.27% |