Elevance Health (ELV) Return on Capital Employed (2009 - 2026)
Elevance Health (ELV) posted quarterly Return on Capital Employed of 3.16% for Q2 2026, up 36.0% year-over-year from 2.32% in Q2 2025, and up 4.5% quarter-over-quarter from 3.02% in Q1 2026.
Elevance Health (ELV) Return on Capital Employed (2009 - 2026) Analysis & Trends
Elevance Health (ELV) has reported Return on Capital Employed for 18 consecutive years, with 3.16% the latest figure, recorded in Q2 2026.
- In Q2 2026, Return on Capital Employed rose 36.0% year-over-year to 3.16%; the TTM figure through Jun 2026 stood at 3.16% (up 36.0% YoY), while the FY2025 annual figure was 2.81%, down 3.0% from the prior year.
- Return on Capital Employed improved to 3.16% in Q2 2026 per ELV's latest filing, from 3.02% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 13.77% in Q1 2022 and bottomed at 2.29% in Q2 2023.
- Historically, Return on Capital Employed has averaged 4.39% across 5 years, with a median of 2.81% in 2024.
- Annual changes were most pronounced in 2022 — Return on Capital Employed soared 1215 bps — and 2023, when it slumped 989 bps.
- Elevance Health's Return on Capital Employed stood at 12.58% in 2022, then sank by 79 bps to 2.69% in 2023, then climbed by 0 bps to 2.69% in 2024, then advanced by 0 bps to 2.71% in 2025, then advanced by 17 bps to 3.16% in 2026.
- Business Quant data shows ELV's Return on Capital Employed at 3.16% in Q2 2026, 3.02% in Q1 2026, and 2.71% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 352.03 Bn | 320.56 Bn | 36.67 Bn | 10.87% |
| 2 | Cvs Health | 118.72 Bn | 104.76 Bn | 47.23 Bn | 4.98% |
| 3 | Elevance Health | 86.92 Bn | 50.97 Bn | 13.45 Bn | 3.16% |
| 4 | Humana | 45.53 Bn | 21.66 Bn | 5.50 Bn | 8.14% |
| 5 | Centene | 31.97 Bn | 4.92 Bn | 14.55 Bn | -13.64% |
| 6 | Molina Healthcare | 10.26 Bn | 1.34 Bn | 1.43 Bn | 2.57% |
| 7 | Oscar Health | 9.55 Bn | 997.66 Mn | 1.09 Bn | 26.38% |
| 8 | Alignment Healthcare | 2.74 Bn | 2.04 Bn | 180.96 Mn | 9.37% |
| 9 | Clover Health Investments | 2.17 Bn | 1.93 Bn | 153.00 Mn | -4.76% |
| 10 | Progyny | 1.99 Bn | 1.76 Bn | 89.30 Mn | 24.01% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.16% |
| Mar 31, 2026 | 3.02% |
| Dec 31, 2025 | 2.71% |
| Sep 30, 2025 | 2.73% |
| Jun 30, 2025 | 2.80% |
| Mar 31, 2025 | 2.88% |
| Dec 31, 2024 | 2.69% |
| Sep 30, 2024 | 2.82% |
| Jun 30, 2024 | 2.82% |
| Mar 31, 2024 | 2.88% |
| Dec 31, 2023 | 2.69% |
| Sep 30, 2023 | 2.51% |
| Jun 30, 2023 | 2.29% |
| Mar 31, 2023 | 11.98% |
| Dec 31, 2022 | 12.58% |
| Sep 30, 2022 | 2.41% |
| Jun 30, 2022 | 2.33% |
| Mar 31, 2022 | 13.77% |
| Dec 31, 2021 | 9.74% |
| Sep 30, 2021 | 2.12% |