Elevance Health (ELV) Return on Assets [ROA] (2009 - 2026)
Elevance Health (ELV) recorded Return on Assets [ROA] of 4.01% in Q3 2026, down 0.50 percentage points from 4.52% a year earlier but up 0.09 percentage points from the prior quarter.
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Analysis
Elevance Health (ELV) Return on Assets [ROA] (2009 - 2026) Analysis & Trends
For FY2025, Elevance Health reported Return on Assets [ROA] of 4.75%, down 0.54 percentage points from FY2024.
- Annual Return on Assets [ROA] has declined for four straight years, with a five-year change of -0.82 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Assets [ROA] came in at 5.29% in FY2024 (-0.37 pp), 5.66% in FY2023 (-0.22 pp), 5.88% in FY2022 (-0.80 pp) and 6.68% in FY2021 (+1.11 pp).
- Quarterly Return on Assets [ROA] has ranged from 3.92% in Q2 2026 to 6.33% in Q1 2022 over the past five years.
- On a year-over-year basis, Return on Assets [ROA] has declined for eight consecutive quarters, with an average year-over-year change of -0.73 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Assets [ROA] in the last five years was a gain of 1.63 percentage points in Q2 2022, against a drop of 1.51 percentage points in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 3.92% (Q2 2026), 4.23% (Q1 2026) and 4.64% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 384.68 Bn | 269.31 Bn | 36.67 Bn | 4.79% |
| 2 | Cvs Health | 120.76 Bn | 73.37 Bn | 47.23 Bn | 1.93% |
| 3 | Mckesson | 118.00 Bn | 104.46 Bn | 3.69 Bn | 6.21% |
| 4 | Elevance Health | 96.27 Bn | -46.20 Bn | 13.65 Bn | 4.01% |
| 5 | Cigna | 83.47 Bn | 53.01 Bn | 14.97 Bn | 4.50% |
| 6 | Cencora | 64.56 Bn | 53.64 Bn | 3.61 Bn | 3.19% |
| 7 | Cardinal Health | 59.46 Bn | 43.45 Bn | 2.56 Bn | 2.99% |
| 8 | Humana | 50.53 Bn | -37.27 Bn | 5.50 Bn | 2.30% |
| 9 | Centene | 35.18 Bn | -55.11 Bn | 14.55 Bn | -6.22% |
| 10 | Molina Healthcare | 11.28 Bn | -23.59 Bn | 1.43 Bn | -0.04% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 4.01% |
| Jun 30, 2026 | 3.92% |
| Mar 31, 2026 | 4.23% |
| Dec 31, 2025 | 4.64% |
| Sep 30, 2025 | 4.52% |
| Jun 30, 2025 | 4.43% |
| Mar 31, 2025 | 4.99% |
| Dec 31, 2024 | 5.12% |
| Sep 30, 2024 | 5.57% |
| Jun 30, 2024 | 5.94% |
| Mar 31, 2024 | 5.65% |
| Dec 31, 2023 | 5.46% |
| Sep 30, 2023 | 5.50% |
| Jun 30, 2023 | 5.81% |
| Mar 31, 2023 | 5.77% |
| Dec 31, 2022 | 5.72% |
| Sep 30, 2022 | 6.07% |
| Jun 30, 2022 | 6.05% |
| Mar 31, 2022 | 6.33% |
| Dec 31, 2021 | 6.29% |
API Access
Elevance Health Return on Assets [ROA] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-assets-%5Broa%5D&ticker=ELV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "ticker": "ELV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-assets-%5Broa%5D&ticker=ELV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();