Elevance Health (ELV) Return on Capital Employed (2009 - 2026)
Elevance Health's (ELV) quarterly Return on Capital Employed came in at 3.16% in Q2 2026, up 36.0% year-on-year from 2.32% in Q2 2025, and up 4.5% on a QoQ basis from 3.02% in Q1 2026.
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 3.16% in Q2 2026.
- On a quarterly basis, Return on Capital Employed rose 36.0% year-over-year to 3.16% in Q2 2026; TTM through Jun 2026 was 3.16%, a 36.0% increase from a year earlier, with the FY2025 full-year figure at 2.81%, down 3.0% from the prior year.
- Return on Capital Employed for Q2 2026 stood at 3.16%, up from 3.02% in the prior quarter.
- Over the last five years, Return on Capital Employed for ELV reached as high as 13.77% in Q1 2022 and fell as low as 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.
- Across the five-year window, Return on Capital Employed jumped 1215 bps in 2022 and plunged 989 bps in 2023, its largest moves.
- Year by year, Return on Capital Employed stood at 12.58% in 2022, then sank by 79 bps to 2.69% in 2023, then increased by 0 bps to 2.69% in 2024, then grew by 0 bps to 2.71% in 2025, then grew by 17 bps to 3.16% in 2026.
- Per Business Quant data, the three most recent Return on Capital Employed figures were 3.16% in Q2 2026, 3.02% in Q1 2026, and 2.71% in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 384.70 Bn | 354.90 Bn | 38.23 Bn | 9.56% |
| 2 | Cvs Health | 136.05 Bn | 124.42 Bn | 22.85 Bn | 1.53% |
| 3 | Elevance Health | 82.25 Bn | 46.44 Bn | 35.79 Bn | 3.16% |
| 4 | Cigna | 75.16 Bn | 67.54 Bn | -44.29 Bn | 10.91% |
| 5 | Humana | 47.47 Bn | 25.57 Bn | 5.94 Bn | 7.99% |
| 6 | Centene | 31.35 Bn | 7.64 Bn | 43.95 Bn | -18.75% |
| 7 | Molina Healthcare | 10.44 Bn | 1.19 Bn | 1.43 Bn | 2.57% |
| 8 | Oscar Health | 8.62 Bn | 1.83 Bn | 1.42 Bn | -24.87% |
| 9 | Alignment Healthcare | 4.13 Bn | 3.41 Bn | 144.48 Mn | 8.12% |
| 10 | Progyny | 2.48 Bn | 2.26 Bn | 83.07 Mn | 19.91% |
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% |