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
DateValue
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%