Stocks Comparison
Elevance Health vs Unitedhealth: revenue, profit, margins and growth compared
Elevance Health brought in $199.1B of revenue in fiscal 2025, Unitedhealth $447.6B in fiscal 2025. Revenue changed by +12.5% at Elevance Health and +11.8% at Unitedhealth on the year before, so Elevance Health grew faster. Elevance Health kept 2.8% of its revenue as net profit, Unitedhealth 2.7%. Free cash flow was $3.2B at Elevance Health and $16.1B at Unitedhealth.
Side by side, latest fiscal year
| ELV | UNH | |
|---|---|---|
| Fiscal year ended | FY2025 (December 31, 2025) | FY2025 (December 31, 2025) |
| Revenue | $199.1B | $447.6B |
| Revenue growth | +12.5% | +11.8% |
| Net income | $5.7B | $12.1B |
| Net margin | 2.8% | 2.7% |
| Free cash flow | $3.2B | $16.1B |
| Free cash flow margin | 1.6% | 3.6% |
| Earnings per share (diluted) | $25.21 | $13.23 |
| Cash | $9.5B | $24.4B |
| Debt | $31.9B | $72.3B |
| Price to earnings | 15.7 | 28.5 |
| Market value | $85.9B | $338B |
| Dividend yield | n/a | 2.32% |
| Rank by revenue in sector | #6 of 523 · Health care | #1 of 523 · Health care |
Over the years
Questions about Elevance Health and Unitedhealth
Which is bigger by revenue, Elevance Health or Unitedhealth?
Unitedhealth is bigger by revenue: $447.6B in fiscal 2025, against $199.1B for Elevance Health in fiscal 2025.
Which keeps more of its revenue as profit, Elevance Health or Unitedhealth?
Elevance Health had a net margin of 2.8% in fiscal 2025; Unitedhealth had 2.7% in fiscal 2025.
Which grew revenue faster, Elevance Health or Unitedhealth?
In their latest fiscal years revenue changed by +12.5% at Elevance Health and +11.8% at Unitedhealth.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.