On July 15, Elevance reported second-quarter results that included $49.8 billion in net revenue (above FactSet consensus of $48.8 billion) and adjusted EPS of $7.45 (above consensus of $6.21). Management only increased its 2026 EPS guidance by $0.25, though.
Elevance continues to use its scale-related advantages for the benefit of clients, and we remain intrigued by its ongoing efforts to align incentives with caregivers, including the deployment of high performance provider networks.
The insurance and PBM industries will likely remain targets of regulators aiming to reduce the healthcare cost burden on society, which is its key ESG risk, in our opinion.
|
Metric
|
ELV
|
UNH
|
CVS
|
|---|---|---|---|
Price/Earnings (Normalized) | 12.70 | 26.08 | 15.20 |
Price/Book Value | 1.80 | 3.95 | 1.77 |
Price/Sales | 0.41 | 0.86 | 0.34 |
Price/Cash Flow | 13.65 | 22.14 | 10.35 |
|
Metric
|
ELV
|
UNH
|
CVS
|
|---|---|---|---|
Quick Ratio | — | 0.72 | 0.61 |
Current Ratio | — | 0.80 | 0.87 |
Interest Coverage | 5.08 | 4.68 | 2.11 |
|
Metric
|
ELV
|
UNH
|
CVS
|
|---|---|---|---|
Return on Assets (Normalized) | 5.24% | — | 3.54% |
Return on Equity (Normalized) | 14.71% | — | 11.87% |
Return on Invested Capital (Normalized) | 10.18% | — | 7.41% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| UnitedHealth Group Inc
UNH
| LOCK|jK&KnG | LOCK|?lbG | $387B | |||
| CVS Health Corp
CVS
| LOCK|c<rH#Ms | LOCK|?Bt | $137B | |||
| The Cigna Group
CI
| LOCK|b>%?YBB | LOCK|z#TxF | $74B | |||
| Humana Inc
HUM
| LOCK|>WCrxW | LOCK|VxwX | $48B | |||
| Centene Corp
CNC
| LOCK|VS#rV$ | LOCK|?L | $33B | |||
| Molina Healthcare Inc
MOH
| LOCK|cxdB<X | LOCK|$$$@L | $12B | |||
| Oscar Health Inc Class A
OSCR
| — | LOCK|<pc | $9B | |||
| Alignment Healthcare Inc
ALHC
| — | LOCK|n<s | $4B | |||
| Progyny Inc
PGNY
| — | LOCK|ntL | $3B |
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United States