Elevance Health (ELV) Return on Capital Employed [ROCE] (2009 - 2026)
Elevance Health's Return on Capital Employed [ROCE] was -176.78% in Q3 2026, down 9.15 percentage points from -167.63% a year earlier and down 2.15 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 -150.42% (Q4 2021) over five years.
- Compared with a year earlier, Return on Capital Employed [ROCE] has declined for six straight quarters, with an average year-over-year change of -4.64 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 Q3 2026 was -174.63% (Q2 2026), -181.63% (Q1 2026) and -174.52% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 378.31 Bn | 262.94 Bn | 36.67 Bn | 10.87% |
| 2 | Cvs Health | 119.48 Bn | 72.09 Bn | 47.23 Bn | 4.98% |
| 3 | Mckesson | 116.71 Bn | 103.17 Bn | 3.69 Bn | 43.39% |
| 4 | Elevance Health | 95.04 Bn | -47.43 Bn | 13.65 Bn | -176.78% |
| 5 | Cigna | 81.11 Bn | 50.65 Bn | 14.97 Bn | 10.00% |
| 6 | Cencora | 63.15 Bn | 52.23 Bn | 3.61 Bn | 12.93% |
| 7 | Cardinal Health | 58.06 Bn | 42.06 Bn | 2.56 Bn | 19.96% |
| 8 | Humana | 50.72 Bn | -37.07 Bn | 5.50 Bn | 8.14% |
| 9 | Centene | 34.67 Bn | -55.61 Bn | 14.55 Bn | -13.64% |
| 10 | Molina Healthcare | 10.87 Bn | -24.00 Bn | 1.43 Bn | 2.39% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -176.78% |
| 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% |
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();