Which has the lower trailing P/E, ELV or MCK?

ELV has the lower trailing P/E: ELV trades at 18.41 and MCK at 23.54. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, ELV or MCK?

Over the past five years, MCK grew revenue faster — ELV at a 9.25% CAGR versus MCK at 10.88%.

Does ELV or MCK pay a bigger dividend?

ELV yields 1.64% and MCK yields 0.37% based on trailing dividends and the latest price.

Is ELV or MCK more profitable?

ELV runs the higher net margin — ELV at 2.47% versus MCK at 1.12%.

How have ELV and MCK total returns compared?

Over the past 10 years, ELV delivered 14.24% and MCK delivered 18.37% annualized total return. Past performance doesn't predict future results.

Elevance Health Inc. (ELV) vs McKesson Corporation (MCK)

A side-by-side comparison of Elevance Health Inc. and McKesson Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.

ELV

Elevance Health Inc.

$89.84B

$414.26HealthcareDelayed quote: Sep 17, 2026, 4:00 PM EDT

MCK

McKesson Corporation

$102.98B

$879.57HealthcareDelayed quote: Sep 17, 2026, 4:00 PM EDT

Total return — ELV vs MCK

growth of $100 · dividends reinvested · last 10y

ELV +286.4% (+14.5%/yr)MCK +415.1% (+17.8%/yr)MCK compounded faster over this window

ELV MCK

ELV vs MCK: by the numbers

•MCK is the larger company ($102.98B vs $89.84B market cap).
•ELV trades at the lower trailing earnings multiple (18.41 vs 23.54 P/E), one valuation lens rather than an overall verdict.
•ELV converts more revenue to profit (2.47% vs 1.12% net margin).
•MCK grew revenue faster over the past five years (10.88% vs 9.25% CAGR).
•ELV pays the higher dividend yield (1.64% vs 0.37%).

Metrics side by side

Valuation

Metric	ELV	MCK
P/E ratio	18.41	23.54
Forward P/E	15.26	19.71
P/S ratio	0.45	0.25
P/B ratio	2.00	N/A
EV / EBITDA	13.70	14.76
FCF yield	7.00%	6.01%

Profitability

Metric	ELV	MCK
Gross margin	25.56%	3.64%
Operating margin	3.51%	1.62%
Net margin	2.47%	1.12%
ROE	11.06%	N/A
ROIC	6.34%	28.34%

Dividends

Metric	ELV	MCK
Dividend yield	1.64%	0.37%
Payout ratio	30.49%	8.78%

Growth (annualized)

Metric	ELV	MCK
Revenue CAGR (5Y)	9.25%	10.88%
EPS CAGR (5Y)	6.67%	40.71%
FCF CAGR (5Y)	-19.97%	13.40%
Total return CAGR (5Y)	4.73%	34.85%

Frequently asked

Which has the lower trailing P/E, ELV or MCK?: ELV has the lower trailing P/E: ELV trades at 18.41 and MCK at 23.54. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, ELV or MCK?: Over the past five years, MCK grew revenue faster — ELV at a 9.25% CAGR versus MCK at 10.88%.
Does ELV or MCK pay a bigger dividend?: ELV yields 1.64% and MCK yields 0.37% based on trailing dividends and the latest price.
Is ELV or MCK more profitable?: ELV runs the higher net margin — ELV at 2.47% versus MCK at 1.12%.
How have ELV and MCK total returns compared?: Over the past 10 years, ELV delivered 14.24% and MCK delivered 18.37% annualized total return. Past performance doesn't predict future results.

Go deeper

Full ELV analysis Full MCK analysis Interactive comparison tool

Dig into the metrics

Elevance Health P/E ratio McKesson P/E ratio Elevance Health dividend yield McKesson dividend yield Elevance Health ROE McKesson ROE Elevance Health operating margin McKesson operating margin Elevance Health revenue growth McKesson revenue growth Elevance Health free cash flow McKesson free cash flow

Elevance Health & McKesson appear in these rankings

Highest ROIC Stocks Highest FCF Yield Stocks Highest 10-Year Total Return Stocks

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 13, 2026.