Elevance Health (ELV) Return on Capital Employed (2009 - 2026)
Elevance Health (ELV) reported Return on Capital Employed of 3.02% for Q1 2026, up 15.0% year-over-year from 2.63% in Q1 2025, and up 11.75% quarter-over-quarter from 2.71% in Q4 2025.
Elevance Health (ELV) Return on Capital Employed (2009 - 2026) Analysis & Trends
Elevance Health (ELV) has 18 years of Return on Capital Employed data on file, last reported at 3.02% in Q1 2026.
- Return on Capital Employed for Q1 2026 came in at 3.02%, up 15.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 3.02% (up 15.0% YoY), and the FY2025 annual result was 2.81%, down 3.0% from the prior year.
- Return on Capital Employed rose to 3.02% in Q1 2026 per ELV's latest filing, from 2.71% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 13.77% in Q1 2022 and troughed at 2.29% in Q2 2023.
- A 5-year average of 4.47% and a median of 2.8% in 2025 frame the typical range for Return on Capital Employed.
- The sharpest annual moves came in 2022 and 2023: Return on Capital Employed soared 1215 bps in 2022, then slumped 989 bps in 2023.
- A 5-year view of Return on Capital Employed shows it stood at 12.58% in 2022, then plunged by 79 bps to 2.69% in 2023, then advanced by 0 bps to 2.69% in 2024, then gained by 0 bps to 2.71% in 2025, then advanced by 12 bps to 3.02% in 2026.
- Business Quant data shows ELV's Return on Capital Employed at 3.02% in Q1 2026, 2.71% in Q4 2025, and 2.73% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 363.95 Bn | 334.15 Bn | 98.90 Bn | 9.56% |
| 2 | Cvs Health | 124.98 Bn | 113.36 Bn | 4.43 Bn | 4.42% |
| 3 | Elevance Health | 85.46 Bn | 50.04 Bn | 13.88 Bn | 3.02% |
| 4 | Cigna | 73.39 Bn | 65.77 Bn | -44.29 Bn | 2.93% |
| 5 | Humana | 43.40 Bn | 21.50 Bn | 4.00 Bn | 7.99% |
| 6 | Centene | 30.02 Bn | 6.36 Bn | 49.24 Bn | -18.75% |
| 7 | Molina Healthcare | 9.92 Bn | 668.90 Mn | 1.53 Bn | 13.51% |
| 8 | Oscar Health | 8.44 Bn | 1.64 Bn | -3.22 Bn | -24.87% |
| 9 | Alignment Healthcare | 4.50 Bn | 3.77 Bn | 135.85 Mn | 8.12% |
| 10 | Clover Health Investments | 2.61 Bn | 2.41 Bn | 154.54 Mn | -20.13% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 2.02% |