ELV (Elevance Health Inc.) Stock Financials & Earnings | Market Cap Arena

ELV (Elevance Health Inc.) Stock Financials & Earnings | Market Cap Arena

ELVElevance Health Inc.

Mkt Cap$64B

Healthcare·Medical - Healthcare Plans·🇺🇸 United States·NYSE

Revenue (TTM)$199.1B

Net Income (TTM)$5.7B

EPS (TTM)$25.12

Free Cash Flow (TTM)$3.2B

Gross Margin25.6%

Op. Margin4.1%

Net Margin2.8%

FCF Margin1.6%

P/S Ratio (TTM)0.3x

P/E Ratio (TTM)11.3x

YoY Rev Growth+12.6%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$42.2B	$11.4B	$2.9B
Q2 23	$43.7B	$12.1B	$2.7B
Q3 23	$42.8B	$12.2B	$1.9B
Q4 23	$42.6B	$11.3B	$1.3B
Q1 24	$42.6B	$12.0B	$3.2B
Q2 24	$43.6B	$13.1B	$3.0B
Q3 24	$45.1B	$12.2B	$1.7B
Q4 24	$45.4B	$11.9B	$946M
Q1 25	$48.9B	$13.6B	$3.1B
Q2 25	$49.8B	$13.1B	$2.6B
Q3 25	$50.7B	$12.6B	$1.8B
Q4 25	$49.7B	$11.7B	$581M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	0.4x	10.5x
Q2 23	0.4x	10.1x
Q3 23	0.4x	10.7x
Q4 23	0.4x	10.7x
Q1 24	0.4x	10.3x
Q2 24	0.4x	9.6x
Q3 24	0.4x	10.0x
Q4 24	0.4x	10.7x
Q1 25	0.3x	10.8x
Q2 25	0.3x	11.9x
Q3 25	0.3x	11.6x
Q4 25	0.3x	11.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$6.5B	$6.2B
Q2 23	$1.9B	$1.6B
Q3 23	$2.6B	$2.3B
Q4 23	-$3.0B	-$3.3B
Q1 24	$2.0B	$1.7B
Q2 24	$447M	$124M
Q3 24	$2.7B	$2.3B
Q4 24	$706M	$384M
Q1 25	$1.0B	$821M
Q2 25	$2.1B	$1.8B
Q3 25	$1.1B	$775M
Q4 25	$84M	-$209M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$301M
Q2 23	$350M
Q3 23	$319M
Q4 23	$326M
Q1 24	$279M
Q2 24	$323M
Q3 24	$332M
Q4 24	$322M
Q1 25	$196M
Q2 25	$267M
Q3 25	$360M
Q4 25	$293M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+10.7%	+10.4%
Q2 23	+13.0%	+12.9%
Q3 23	+7.3%	+8.9%
Q4 23	+6.8%	+7.1%
Q1 24	+1.0%	+0.2%
Q2 24	-0.1%	-0.9%
Q3 24	+5.4%	+6.1%
Q4 24	+6.6%	+7.5%
Q1 25	+14.8%	+16.2%
Q2 25	+14.0%	+16.1%
Q3 25	+12.3%	+12.7%
Q4 25	+9.5%	+10.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$61M	0.1%
Q2 23	$78M	0.2%
Q3 23	$78M	0.2%
Q4 23	$72M	0.2%
Q1 24	$62M	0.1%
Q2 24	$92M	0.2%
Q3 24	$66M	0.1%
Q4 24	-$29M	-0.1%
Q1 25	$81M	0.2%
Q2 25	$81M	0.2%
Q3 25	$84M	0.2%
Q4 25	$30M	0.1%

OpEx Breakdown

Quarter

Revenue Segments

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$10.1B	$0	$10.1B
Q2 23	$10.0B	$0	$10.0B
Q3 23	$10.9B	$0	$10.9B
Q4 23	$6.5B	$0	$6.5B
Q1 24	$6.2B	$0	$6.2B
Q2 24	$6.5B	$0	$6.5B
Q3 24	$7.9B	$0	$7.9B
Q4 24	$8.3B	$0	$8.3B
Q1 25	$7.5B	$0	$7.5B
Q2 25	$8.6B	$0	$8.6B
Q3 25	$8.7B	$0	$8.7B
Q4 25	$9.5B	$0	$9.5B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	240M	-0.6%
Q2 23	238M	-0.8%
Q3 23	237M	-0.5%
Q4 23	236M	-0.3%
Q1 24	234M	-0.7%
Q2 24	233M	-0.3%
Q3 24	233M	-0.1%
Q4 24	231M	-0.9%
Q1 25	227M	-1.7%
Q2 25	226M	-0.6%
Q3 25	226M	+0.0%
Q4 25	222M	-1.8%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$1M	52K
FY 15	$1M	53K
FY 16	$2M	53K
FY 17	$2M	56K
FY 18	$1M	64K
FY 19	$1M	71K
FY 20	$1M	83K
FY 21	$1M	98K
FY 22	$2M	102K
FY 23	$2M	105K
FY 24	$2M	104K
FY 25	$2M	97K