Centene Corp. (CNC) vs Elevance Health Inc. (ELV)
A side-by-side comparison of Centene Corp. and Elevance Health Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 11, 2026. Differences are shown without an overall score or investment verdict.
CNC
Centene Corp.
$66.40HealthcareDelayed quote: Sep 11, 2026, 4:00 PM EDT
ELV
Elevance Health Inc.
$418.72HealthcareDelayed quote: Sep 11, 2026, 4:00 PM EDT
Total return — CNC vs ELV
growth of $100 · dividends reinvested · last 10yCNC +95.7% (+6.9%/yr)ELV +284.4% (+14.4%/yr)ELV compounded faster over this window
CNC ELV
CNC vs ELV: by the numbers
- •ELV is the larger company ($90.81B vs $32.80B market cap).
- •ELV is profitable (2.47% net margin) while CNC runs a net loss (-2.63%).
- •CNC grew revenue faster over the past five years (10.35% vs 9.25% CAGR).
- •ELV pays a dividend (1.65% yield), while CNC has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | CNC | ELV |
|---|---|---|
| P/E ratio | N/A | 18.61 |
| Forward P/E | 13.83 | 15.42 |
| P/S ratio | 0.17 | 0.45 |
| P/B ratio | 1.45 | 2.02 |
| EV / EBITDA | N/A | 13.82 |
| FCF yield | 27.34% | 6.93% |
Profitability
| Metric | CNC | ELV |
|---|---|---|
| Gross margin | 16.13% | 25.56% |
| Operating margin | -2.82% | 3.51% |
| Net margin | -2.63% | 2.47% |
| ROE | -22.60% | 11.06% |
| ROIC | -12.90% | 6.34% |
Dividends
| Metric | CNC | ELV |
|---|---|---|
| Dividend yield | N/A | 1.65% |
| Payout ratio | N/A | 30.49% |
Growth (annualized)
| Metric | CNC | ELV |
|---|---|---|
| Revenue CAGR (5Y) | 10.35% | 9.25% |
| EPS CAGR (5Y) | N/A | 6.67% |
| FCF CAGR (5Y) | -1.39% | -19.97% |
| Total return CAGR (5Y) | 1.83% | 4.62% |
Frequently asked
- Which has grown faster, CNC or ELV?
- Over the past five years, CNC grew revenue faster — CNC at a 10.35% CAGR versus ELV at 9.25%.
- Does CNC or ELV pay a bigger dividend?
- ELV pays a dividend (1.65% yield), while CNC has no payments in the available dividend history.
- Is CNC or ELV more profitable?
- ELV runs the higher net margin — CNC at -2.63% versus ELV at 2.47%.
- How have CNC and ELV total returns compared?
- Over the past 10 years, CNC delivered 6.94% and ELV delivered 14.18% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Elevance Health P/E ratioElevance Health dividend yieldCentene ROEElevance Health ROECentene operating marginElevance Health operating marginCentene revenue growthElevance Health revenue growthCentene free cash flowElevance Health free cash flow
Centene & Elevance Health appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 11, 2026.