Elevance Health (ELV) Return on Capital Employed [ROCE] (2009 - 2026)
Elevance Health's Return on Capital Employed [ROCE] was -174.63% in Q2 2026, down 3.96 percentage points from -170.66% a year earlier but up 7.00 percentage points from the prior quarter.
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Analysis
Elevance Health (ELV) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Return on Capital Employed [ROCE] at Elevance Health came in at -181.06%, down 15.62 percentage points from FY2024.
- Return on Capital Employed [ROCE] shows a five-year change of -25.48 percentage points (FY2020 to FY2025).
- In earlier years, Return on Capital Employed [ROCE] was -165.45% in FY2024 (+16.62 pp), -182.07% in FY2023 (-1.56 pp), -180.50% in FY2022 (-15.02 pp) and -165.49% in FY2021 (-9.90 pp).
- Quarterly Return on Capital Employed [ROCE] has moved between -181.63% (Q1 2026) and -148.68% (Q3 2021) over five years.
- Compared with a year earlier, Return on Capital Employed [ROCE] has declined for five straight quarters, with an average year-over-year change of -1.92 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Capital Employed [ROCE] over five years was Q4 2024 (a gain of 14.53 percentage points); the worst was Q3 2022 (a drop of 25.86 percentage points).
- Per Business Quant data, ELV's Return on Capital Employed [ROCE] in the three quarters before Q2 2026 was -181.63% (Q1 2026), -174.52% (Q4 2025) and -167.63% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 336.54 Bn | 221.18 Bn | 36.67 Bn | 10.87% |
| 2 | Cvs Health | 110.50 Bn | 63.10 Bn | 47.23 Bn | 4.98% |
| 3 | Mckesson | 105.27 Bn | 91.73 Bn | 3.69 Bn | 43.39% |
| 4 | Elevance Health | 83.85 Bn | -57.90 Bn | 13.45 Bn | -174.63% |
| 5 | Cigna | 71.48 Bn | 41.02 Bn | 14.97 Bn | 10.00% |
| 6 | Cencora | 58.97 Bn | 48.06 Bn | 3.61 Bn | 12.93% |
| 7 | Cardinal Health | 53.10 Bn | 37.10 Bn | 2.56 Bn | 19.96% |
| 8 | Humana | 46.62 Bn | -41.18 Bn | 5.50 Bn | 8.14% |
| 9 | Centene | 31.12 Bn | -59.17 Bn | 14.55 Bn | -13.64% |
| 10 | Molina Healthcare | 9.86 Bn | -25.01 Bn | 1.43 Bn | 2.39% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -174.63% |
| Mar 31, 2026 | -181.63% |
| Dec 31, 2025 | -174.52% |
| Sep 30, 2025 | -167.63% |
| Jun 30, 2025 | -170.66% |
| Mar 31, 2025 | -164.77% |
| Dec 31, 2024 | -157.18% |
| Sep 30, 2024 | -161.01% |
| Jun 30, 2024 | -162.09% |
| Mar 31, 2024 | -175.64% |
| Dec 31, 2023 | -171.71% |
| Sep 30, 2023 | -173.62% |
| Jun 30, 2023 | -168.47% |
| Mar 31, 2023 | -173.86% |
| Dec 31, 2022 | -172.55% |
| Sep 30, 2022 | -174.54% |
| Jun 30, 2022 | -168.22% |
| Mar 31, 2022 | -167.09% |
| Dec 31, 2021 | -150.42% |
| Sep 30, 2021 | -148.68% |
API Access
Elevance Health Return on Capital Employed [ROCE] 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-capital-employed-%5Broce%5D&ticker=ELV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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-capital-employed-%5Broce%5D&ticker=ELV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();