ELV vs UNH
Elevance Health, Inc. and UnitedHealth Group Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | ELV | UNH |
|---|---|---|
| Revenue | $199.1B | $447.6B |
| Net income | $5.7B | $12.1B |
| Gross margin | 89.4% | 88.7% |
| Net margin | 2.8% | 2.9% |
| Return on equity | 13.3% | 12.2% |
| Diluted EPS | $25.21 | $13.23 |
| Dividend / share | · | $8.73 |
| Payout ratio | 27.0% | 65.7% |
| Free cash flow | $3.2B | $16.1B |
| Equity | $43.9B | · |
| Net debt / equity | 0.51× | 0.54× |
| Current ratio | 1.54× | 0.79× |
| Revenue CAGR 5y | 10.3% | 11.7% |
| Profit CAGR 5y | 4.4% | −4.8% |
UNH bills 2.2× the revenue of ELV, and keeps more of each dollar of revenue as profit (2.9% against 2.8%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | ELV | UNH |
|---|---|---|
| FY2025 | $199.1B | $447.6B |
| FY2024 | $177.0B | $400.3B |
| FY2023 | $171.3B | $371.6B |
| FY2022 | $156.6B | $324.2B |
| FY2021 | $138.6B | $287.6B |
| FY2020 | $121.9B | $257.1B |
| FY2019 | $104.2B | $242.2B |
| FY2018 | $92.1B | $226.2B |
| FY2017 | $90.0B | $201.2B |
| FY2016 | $84.9B | $184.8B |
Bottom line
| Fiscal year | ELV | UNH |
|---|---|---|
| FY2025 | $5.7B | $12.1B |
| FY2024 | $6.0B | $14.4B |
| FY2023 | $6.0B | $22.4B |
| FY2022 | $5.9B | $20.1B |
| FY2021 | $6.2B | $17.3B |
| FY2020 | $4.6B | $15.4B |
| FY2019 | $4.8B | $13.8B |
| FY2018 | $3.8B | $12.0B |
| FY2017 | $3.8B | $10.6B |
| FY2016 | $2.5B | $7.0B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$248,442,000,000 | UNH |
| FY2024 | −$223,267,000,000 | UNH |
| FY2023 | −$200,282,000,000 | UNH |
| FY2022 | −$167,567,000,000 | UNH |
| FY2021 | −$148,958,000,000 | UNH |
| FY2020 | −$135,274,000,000 | UNH |
| FY2019 | −$137,942,000,000 | UNH |
| FY2018 | −$134,142,000,000 | UNH |
| FY2017 | −$111,119,000,000 | UNH |
| FY2016 | −$99,977,000,000 | UNH |
| FY2015 | −$77,950,500,000 | UNH |
| FY2014 | −$56,599,900,000 | UNH |
| FY2013 | −$51,465,500,000 | UNH |
| FY2012 | −$49,120,800,000 | UNH |
| FY2011 | −$41,151,300,000 | UNH |
| FY2010 | −$35,456,500,000 | UNH |
| FY2009 | −$22,198,500,000 | UNH |
| FY2008 | −$19,934,900,000 | UNH |
| FY2007 | −$14,263,100,000 | UNH |
UNH has reported the higher revenue in every one of these 19 fiscal years. The gap has widened since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −0.0 pp | UNH |
| FY2024 | −0.4 pp | UNH |
| FY2023 | −2.7 pp | UNH |
| FY2022 | −2.6 pp | UNH |
| FY2021 | −1.7 pp | UNH |
| FY2020 | −2.4 pp | UNH |
| FY2019 | −1.3 pp | UNH |
| FY2018 | −1.4 pp | UNH |
| FY2017 | −1.1 pp | UNH |
| FY2016 | −0.9 pp | UNH |
| FY2015 | −0.5 pp | UNH |
| FY2014 | −0.8 pp | UNH |
| FY2013 | −1.1 pp | UNH |
| FY2012 | −0.7 pp | UNH |
| FY2011 | −0.7 pp | UNH |
| FY2010 | −0.0 pp | UNH |
| FY2009 | +2.9 pp | ELV |
| FY2008 | +0.4 pp | ELV |
| FY2007 | −0.7 pp | UNH |
The higher net margin has changed hands between ELV and UNH over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
UNH's net margin has been more volatile than ELV's over the 19 comparable fiscal years — 1.0 percentage points of standard deviation against 1.0.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between ELV and UNH over these 19 fiscal years — ELV led in 2 and UNH in 17.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
UNH's return on equity has been more volatile than ELV's over the 19 comparable fiscal years — 3.9 percentage points of standard deviation against 2.8.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between ELV and UNH over these 19 fiscal years — ELV led in 2 and UNH in 17.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.