ELV vs UNH
Elevance Health (ELV) and UnitedHealth (UNH) compared side by side. UnitedHealth (UNH) is larger, with a market cap of $375.3B versus $95.4B for Elevance Health, about 3.9 times the size. On trailing earnings, ELV is cheaper at 18.7x versus 26.9x for UNH.
Head to head
| Metric | ELV | UNH |
|---|---|---|
| Market cap | $95.4B | $375.3B |
| P/E (TTM) | 18.7x | 26.9x |
| Forward P/E | 14.6x | 18.0x |
| Revenue (TTM) | $201.8B | $450.1B |
| Revenue growth | 1.4% | -0.4% |
| Gross margin | 26.4% | 20.0% |
| Operating margin | 4.2% | 5.8% |
| Free cash flow | $6.3B | $23.6B |
| Dividend yield | 1.56% | 2.22% |
| 1-year return | +29.6% | +19.1% |
| 5-year return (annual) | +1.8% | +0.4% |
| Max drawdown | -67% | -83% |
| FI Handbook grade | B- | C |
Highlighted: the stronger figure on metrics where higher or lower is clearly better.
Growth of $10,000 (5 years, price only)
ELV vs UNH FAQ
Which is bigger, ELV or UNH?
UnitedHealth (UNH) is larger, with a market cap of $375.3B versus $95.4B for Elevance Health, about 3.9 times the size.
Is ELV or UNH cheaper?
On trailing earnings, ELV is cheaper at 18.7x versus 26.9x for UNH. A lower P/E can reflect slower expected growth, so compare growth and margins too.
Which stock performed better over the past year, ELV or UNH?
ELV returned +29.6% over the past year including dividends, versus +19.1% for UNH, through October 23, 2026.
Which pays a higher dividend, ELV or UNH?
UNH yields 2.22% versus 1.56% for ELV.
Full pages: Elevance Health · UnitedHealth