Elevance Health Inc (ELV)
Return on total capital
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 8,112,000 | 9,089,000 | 8,745,000 | 8,451,000 | 8,793,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 43,882,000 | 41,315,000 | 39,306,000 | 36,243,000 | 36,060,000 |
| Return on total capital | 18.49% | 22.00% | 22.25% | 23.32% | 24.38% |
December 31, 2025 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $8,112,000K ÷ ($—K + $43,882,000K)
= 18.49%
Peer comparison
Dec 31, 2025
Company name
Symbol
Return on total capital
Elevance Health Inc
ELV
18.49%
UnitedHealth Group Incorporated
UNH
18.68%