Elevance Health Inc. logo ELV - Elevance Health Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 27
HOLD 10
SELL 0
STRONG
SELL
0
| PRICE TARGET: $401.81 DETAILS
HIGH: $498.00
LOW: $331.00
MEDIAN: $403.50
CONSENSUS: $401.81
UPSIDE: 1.80%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Revenue
Revenue 199,125 176,810 171,340 156,595 138,639 121,867 104,213 92,105 90,039.4 84,978.4 79,239.9 73,923.1 71,122.4 61,535 60,804 58,841.2 61,644.3 62,459 61,394 57,009.2 45,150.8 20,815.9 16,751.3 13,255 10,444.7 17,314.5 12,350.7 11,072.1
Cost of Revenue 148,223 127,567 124,330 116,642 102,645 88,045 81,786 71,895 72,236.2 66,834.4 61,116.9 56,854.9 56,237.1 48,213.6 47,647.5 44,926.9 46,990.1 48,210.9 46,436.3 42,520 0 0 0 0 0 0 0 0
Gross Profit 50,902 49,243 47,010 39,953 35,994 33,822 22,427 20,210 17,803.2 18,144 18,123 17,068.2 14,885.3 13,321.4 13,156.5 13,914.3 14,654.2 14,248.1 14,957.7 14,489.2 0 0 16,751.3 13,255 10,444.7 17,314.5 12,350.7 11,072.1
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3,477.7 3,109.6 12,346 1,986.1 0 0 0
Other Expenses 42,790 40,355 38,265 31,502 27,048 26,111 15,694 14,373 12,818 12,724.9 12,764.9 11,969.3 10,198.2 8,913.5 8,675 9,081.1 9,711.6 9,287.5 9,003 9,126.2 0 (61.4) 12,442.7 98.5 7,934 17,314.5 12,350.7 11,072.1
Operating Expenses 42,790 40,355 38,265 31,502 27,048 26,111 15,694 14,373 12,818 12,724.9 12,764.9 11,969.3 10,198.2 8,913.5 8,675 9,081.1 9,711.6 9,287.5 9,003 9,126.2 0 3,539.1 15,552.3 12,444.5 9,920.1 17,314.5 12,350.7 11,072.1
Operating Income
Operating Income 8,112 8,888 8,745 8,451 8,946 7,711 6,733 5,837 4,985.2 5,419.1 5,358.1 5,098.9 4,687.1 4,407.9 4,481.5 4,833.2 4,942.6 4,960.6 5,954.7 5,363 4,131.8 1,794 1,199 810.5 524.6 0 0 0
Interest Expense 1,402 1,185 1,030 851 798 784 746 753 739 723 653 600.7 602.7 511.8 430.3 418.9 447.4 469.8 447.9 403.5 226.2 142.3 131.2 98.5 60.2 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 9,658 10,482 10,490 10,126 10,025 8,176 7,864 6,953 5,593.2 6,190.2 6,191.9 5,819.8 5,351.7 5,110.8 5,025.4 5,373.5 8,404.1 4,183 6,281.2 5,911.7 4,117 1,854.7 1,595.3 255.5 616.3 0 0 0
EBIT 8,112 9,089 8,745 8,451 8,723 7,022 6,731 5,821 4,702.8 5,278.4 5,284 4,968.8 4,442.9 4,370.1 4,388.2 4,772.7 7,850.6 3,611.3 5,695 5,306.8 4,117 1,585.6 1,350.3 98.5 584.8 0 0 0
Income Before Tax 6,710 7,904 7,715 7,600 7,925 6,238 5,985 5,068 3,963.8 4,555.4 4,631 4,368.1 3,840.2 3,858.3 3,957.9 4,353.8 7,403 3,122.4 5,257.9 4,914.4 3,890.3 1,443.3 1,219.1 0 524.6 0 0 0
Income Tax Expense 1,049 1,933 1,724 1,712 1,830 1,666 1,178 1,318 121 2,085.6 2,071 1,808 1,205.9 1,207.3 1,311.2 1,466.7 2,657.1 631.7 1,912.5 1,819.5 1,426.5 483.2 440.1 255.2 183.4 0 0 0
Net Income 5,662 5,980 5,987 5,894 6,104 4,572 4,807 3,750 3,842.8 2,469.8 2,560 2,569.7 2,654.2 2,655.5 2,646.7 2,887.1 4,745.9 2,490.7 3,345.4 3,094.9 2,463.8 960.1 774.3 549.1 342.2 226 44.9 172.4
Per Share Data
EPS (Basic) 25.18 25.81 25.38 24.56 25.25 18.23 18.81 14.53 14.70 9.39 9.73 9.31 8.89 8.26 7.80 7.64 9.96 4.79 5.64 4.93 4.03 3.15 2.80 2.31 1.66 1.10 0.22 0.84
EPS (Diluted) 25.12 25.68 25.22 24.28 24.73 17.98 18.47 14.19 14.35 9.21 9.38 8.95 8.74 8.18 7.25 6.94 9.88 4.76 5.56 4.82 3.94 3.05 2.73 2.26 1.65 1.10 0.22 0.84
Shares Outstanding 221.8 232.9 233.1 240 243.8 250.8 255.5 254.3 256.1 263.7 261.2 268.1 293.3 304.7 339.4 377.7 483.2 524.3 593.4 627.8 611.4 276.5 276.5 237.7 206.8 206.2 206.2 206.2
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998
Current Assets
Cash & Cash Equivalents 9,491 8,288 6,526 7,387 4,880 5,741 4,937 3,934 3,608.9 4,075.3 4,816.1 2,183.9 1,457.2 464.5 694.9 406.4 0 0 0
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 6,915.2 5,948.1 4,071.8 0 0 0
Net Receivables 15,235 13,055 12,460 11,746 9,691 8,128 7,584 6,743 6,184.9 5,860.8 3,281 3,042.9 0 1,427.9 76.5 790.9 0 0 0
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 5,112.1 (9,065.9) (6,024.6) (5,269.1) 0 0 0
Total Current Assets 24,726 21,343 18,986 19,133 14,571 13,869 12,521 10,677 9,793.8 9,936.1 8,097.1 5,226.8 5,112.1 0 0 0 0 0 0
Non-Current Assets
Property, Plant & Equipment 5,131 5,219 4,943 4,920 4,547 4,129 3,708 2,735 2,174.9 1,977.9 1,099.6 1,054.5 1,045.2 510.5 537.4 402.3 0 0 0
Goodwill 28,344 28,277 25,317 24,383 24,228 21,691 20,500 20,504 19,231.2 17,561.2 13,264.6 13,461.3 10,017.9 2,450.1 2,484.9 0 0 0 0
Intangible Assets 11,200 12,094 10,273 10,315 10,615 9,405 8,674 9,007 8,368.4 7,964.9 8,259.3 8,827.2 8,211.6 1,227 1,274.6 467.4 0 0 0
Long-Term Investments 38,584 37,177 36,826 33,342 34,005 29,839 25,461 22,452 24,931.1 21,443.7 18,167.1 15,747.7 748.1 6,915.2 5,948.1 4,071.8 0 0 0
Other Non-Current Assets 13,211 12,573 12,355 10,525 9,391 7,682 6,589 6,196 6,040.6 6,199.3 2,713.9 3,306.7 14,603.5 (11,102.8) (10,245) (4,941.5) 0 0 0
Total Non-Current Assets 96,768 95,546 89,942 83,622 82,889 74,407 65,733 61,793 61,665.9 56,451 44,028.3 43,176.4 35,515.7 0 0 0 0 0 0
Total Assets 121,494 116,889 108,928 102,755 97,460 88,276 78,254 72,470 71,459.7 66,387.1 52,125.4 48,403.2 40,627.8 13,408.9 12,439.3 6,337.1 5,708.5 4,816.2 4,359.2
Current Liabilities
Account Payables 17,084 15,746 16,111 15,596 13,518 11,359 8,842 7,454 7,991.5 7,892.6 5,450.5 6,184.7 2,222.1 493.4 471.8 331 0 0 0
Short-Term Debt 1,380 2,167 2,038 1,946 2,007 810 2,456 1,994 2,549.6 1,368.4 60.8 1,007.7 150.3 401.7 357.9 310.7 0 0 0
Deferred Revenue 1,493 1,508 1,402 1,112 0 0 0 0 0 0 1,050 1,087.7 0 0 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 5,719.8 (1,231.1) (939.5) (694.1) 0 0 0
Total Current Liabilities 19,957 19,421 19,551 18,654 15,525 12,169 11,298 9,448 10,541.1 9,261 6,561.3 8,280.1 8,511 0 0 0 0 0 0
Non-Current Liabilities
Long-Term Debt 31,326 29,876 23,931 23,100 22,021 20,182 18,269 17,217 17,382.2 14,358.5 8,338.3 7,833.9 4,276.7 1,662.8 1,301.5 818 597.5 522 301.9
Deferred Tax Liabilities 2,110 2,148 1,970 2,015 2,805 3,680 3,028 2,859 2,646.2 4,083.9 2,470.4 2,098.9 3,485.8 524.8 389.9 0 0 0 0
Other Non-Current Liabilities 23,546 23,360 23,386 20,793 18,964 16,940 12,432 13,503 13,527 12,611.4 9,892.1 8,758.6 4,895.3 (2,187.6) (1,691.4) (818) (597.5) (522) (301.9)
Total Non-Current Liabilities 57,511 56,042 49,972 47,771 45,807 42,908 35,228 34,481 34,415.7 32,025.7 20,700.8 18,691.4 12,657.8 0 0 0 0 0 0
Total Liabilities 77,468 75,463 69,523 66,425 61,332 55,077 46,526 43,929 44,956.8 41,286.7 27,262.1 26,971.5 21,168.8 7,409 7,077 4,277.1 3,788.7 3,155.3 2,656.7
Stockholders' Equity
Common Stock 2 2 2 2 2 3 3 3 2.6 2.6 4.5 5 3 1.4 1.4 1.1 0 0 0
Retained Earnings 35,393 33,549 31,749 29,647 27,088 23,802 22,573 19,988 18,054.4 16,560.6 9,598.5 5,479.4 1,960.1 1,154.3 481.3 55.7 0 0 0
Accumulated Other Comprehensive Income (451) (1,147) (1,313) (2,490) (178) 150 (296) (986) (101.5) (267.9) 68.1 (895.7) 62.3 138.7 122.7 42.4 0 0 0
Total Stockholders' Equity 43,882 41,315 39,306 36,243 36,060 33,199 31,728 28,541 26,502.9 25,100.4 24,863.3 21,431.7 19,459 5,999.9 5,362.3 2,060 1,919.8 1,660.9 1,702.5
Total Liabilities & Equity 121,494 116,889 108,928 102,755 97,460 88,276 78,254 72,470 71,459.7 66,387.1 52,125.4 48,403.2 40,627.8 13,408.9 12,439.3 6,337.1 5,708.5 4,816.2 4,359.2
Debt Metrics
Total Debt 33,235 32,701 26,654 25,797 24,892 21,839 21,207 19,211 19,931.8 15,726.9 8,399.1 8,841.6 4,427 2,064.5 1,659.4 1,128.7 597.5 522 301.9
Net Debt 23,744 24,413 20,128 18,410 20,012 16,098 16,270 15,277 16,322.9 11,651.6 3,583 6,657.7 2,969.8 1,600 964.5 722.3 597.5 522 301.9
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001
Operating Activities
Net Income 5,661 5,971 5,987 6,019 6,095 4,572 4,807 3,750 3,842.8 2,469.8 2,463.8 960.9 774.3 171.9 342.2
Depreciation & Amortization 1,546 1,393 1,745 1,675 1,302 1,154 1,133 1,127 890.4 911.8 633.8 279.1 245 3.8 120.5
Stock-Based Compensation 276 191 289 264 255 283 294 226 169.6 164.6 0 0 0 0 0
Change in Working Capital (3,277) (1,719) (535) 253 784 5,203 (192) (1,602) 367.9 (574.9) 248.8 63 (214) 450.6 (0.2)
Other Non-Cash Items 363 346 1,177 264 (245) 16 (62) 235 186.2 106.3 12.9 103.6 273.7 301.5 120.7
Operating Cash Flow 4,290 5,808 8,061 8,399 8,364 10,688 6,061 3,827 4,184.8 3,204.5 3,256.7 1,303.2 1,143.4 991.1 654.6
Investing Activities
Capital Expenditure (1,116) (1,256) (1,296) (1,152) (1,087) (1,021) (1,077) (1,208) (790.2) (583.6) (161.8) (136.8) (110.7) (123.3) (70.4)
Acquisitions 88 (4,446) (1,552) (649) (3,476) (1,976) 0 (1,760) (2,079.6) 0 (2,589.7) (2,239.9) (3.5) (789.6) (4.1)
Purchases of Investments (15,026) (17,986) (16,236) (24,946) (18,669) (19,492) (22,954) (9,671) (16,374.7) (12,101.6) (21,987.6) (7,249.3) (5,120.7) (5,059.8) (3,957.3)
Sales/Maturities of Investments 15,095 18,572 13,536 22,608 14,613 16,059 21,035 11,600 13,525.7 11,952.3 4,480 7,227.3 4,115 4,546.2 3,484.6
Other Investing Activities (385) (51) (24) (421) (1,019) (894) 204 (220) 636.4 219 15,838.9 24.8 6.3 14.6 49.1
Investing Cash Flow (1,344) (5,167) (5,572) (4,560) (9,638) (7,324) (2,792) (1,259) (5,082.4) (513.9) (4,420.2) (2,373.9) (1,113.6) (1,411.9) (498.1)
Financing Activities
Net Debt Issuance 2,327 5,562 739 1,795 2,343 188 608 (849) 3,724 360 3,161.3 1,764.9 (100) 938.5 0
Stock Repurchased (2,605) (2,900) (2,676) (2,316) (1,900) (2,700) (1,701) (1,685) (1,997.7) (67) (333.4) (82.2) (217.2) (256.2) 0
Dividends Paid (1,529) (1,508) (1,395) (1,229) (1,104) (954) (818) (776) (704.9) (684) 0 0 0 0 0
Other Financing Activities 69 39 (17) 432 1,084 899 (271) (355) (820.7) (408.9) (377.8) (8.3) 0 (3.9) (1,843.8)
Financing Cash Flow (1,738) 1,193 (3,349) (1,318) 423 (2,567) (2,266) (2,241) 426.9 (732.9) 2,446.5 2,063.4 (260.2) 709.3 46.6
Cash Position
Net Change in Cash 1,203 1,762 (861) 2,507 (861) 804 1,003 325 (466.4) 1,961.8 1,283 992.7 (230.4) 288.5 203.1
Cash at Beginning 8,288 6,526 7,387 4,880 5,741 4,937 3,934 3,609 4,075.3 2,113.5 1,457.2 464.5 694.9 406.4 203.3
Cash at End 9,491 8,288 6,526 7,387 4,880 5,741 4,937 3,934 3,608.9 4,075.3 2,740.2 1,457.2 464.5 694.9 406.4
Free Cash Flow 3,174 4,552 6,765 7,247 7,277 9,667 4,984 2,619 3,394.6 2,620.9 3,094.9 1,166.4 1,032.7 867.8 584.2
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998
Income Statement
Revenue 199,125 176,810 171,340 156,595 138,639 121,867 104,213 92,105 90,039.4 84,978.4 79,239.9 73,923.1 71,122.4 61,535 60,804 58,841.2 61,644.3 62,459 61,394 57,009.2 45,150.8 20,815.9 16,751.3 13,255 10,444.7 17,314.5 12,350.7 11,072.1
Gross Profit 50,902 49,243 47,010 39,953 35,994 33,822 22,427 20,210 17,803.2 18,144 18,123 17,068.2 14,885.3 13,321.4 13,156.5 13,914.3 14,654.2 14,248.1 14,957.7 14,489.2 0 0 16,751.3 13,255 10,444.7 17,314.5 12,350.7 11,072.1
Operating Income 8,112 8,888 8,745 8,451 8,946 7,711 6,733 5,837 4,985.2 5,419.1 5,358.1 5,098.9 4,687.1 4,407.9 4,481.5 4,833.2 4,942.6 4,960.6 5,954.7 5,363 4,131.8 1,794 1,199 810.5 524.6 0 0 0
Net Income 5,662 5,980 5,987 5,894 6,104 4,572 4,807 3,750 3,842.8 2,469.8 2,560 2,569.7 2,654.2 2,655.5 2,646.7 2,887.1 4,745.9 2,490.7 3,345.4 3,094.9 2,463.8 960.1 774.3 549.1 342.2 226 44.9 172.4
EPS (Diluted) 25.12 25.68 25.22 24.28 24.73 17.98 18.47 14.19 14.35 9.21 9.38 8.95 8.74 8.18 7.25 6.94 9.88 4.76 5.56 4.82 3.94 3.05 2.73 2.26 1.65 1.10 0.22 0.84
Balance Sheet
Cash & Equivalents 9,491 8,288 6,526 7,387 4,880 5,741 4,937 3,934 3,608.9 4,075.3 4,816.1 2,183.9 1,457.2 464.5 694.9 406.4 0 0 0
Total Assets 121,494 116,889 108,928 102,755 97,460 88,276 78,254 72,470 71,459.7 66,387.1 52,125.4 48,403.2 40,627.8 13,408.9 12,439.3 6,337.1 5,708.5 4,816.2 4,359.2
Total Debt 33,235 32,701 26,654 25,797 24,892 21,839 21,207 19,211 19,931.8 15,726.9 8,399.1 8,841.6 4,427 2,064.5 1,659.4 1,128.7 597.5 522 301.9
Stockholders' Equity 43,882 41,315 39,306 36,243 36,060 33,199 31,728 28,541 26,502.9 25,100.4 24,863.3 21,431.7 19,459 5,999.9 5,362.3 2,060 1,919.8 1,660.9 1,702.5
Cash Flow
Operating Cash Flow 4,290 5,808 8,061 8,399 8,364 10,688 6,061 3,827 4,184.8 3,204.5 3,256.7 1,303.2 1,143.4 991.1 654.6
Capital Expenditure (1,116) (1,256) (1,296) (1,152) (1,087) (1,021) (1,077) (1,208) (790.2) (583.6) (161.8) (136.8) (110.7) (123.3) (70.4)
Free Cash Flow 3,174 4,552 6,765 7,247 7,277 9,667 4,984 2,619 3,394.6 2,620.9 3,094.9 1,166.4 1,032.7 867.8 584.2