Is ELV or MCK cheaper?

On trailing earnings, ELV is cheaper: ELV trades at a 16.52 P/E and MCK at 19.51.

Which has grown faster, ELV or MCK?

Over the past five years, MCK grew revenue faster — ELV at a 9.97% CAGR versus MCK at 11.11%.

Does ELV or MCK pay a bigger dividend?

ELV yields 1.77% and MCK yields 0.44% based on trailing dividends and the latest price.

Is ELV or MCK more profitable?

ELV runs the higher net margin — ELV at 2.62% versus MCK at 1.18%.

Which has been the better investment, ELV or MCK?

Over the past 10-year, MCK delivered the higher annualized total return — ELV at 12.92% versus MCK at 16.38%. Past performance doesn't predict future results.

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

ELV leads on 9 of 16 compared metrics.

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 June 19, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — ELV vs MCK

growth of $100 · last 25y

ELV +1799.8%MCK +1925.4%MCK compounded faster

ELV MCK

ELV vs MCK: by the numbers

•MCK is the larger company ($87.88B vs $84.37B market cap).
•ELV trades at the lower earnings multiple (16.52 vs 19.51 P/E).
•ELV converts more revenue to profit (2.62% vs 1.18% net margin).
•MCK grew revenue faster over the past five years (11.11% vs 9.97% CAGR).
•ELV pays the higher dividend yield (1.77% vs 0.44%).

Which is better, ELV or MCK?

Metric tally: ELV 9 · MCK 7

It depends on what you're optimizing for:

ValueELV(lower P/E)

GrowthMCK(faster 5Y revenue CAGR)

IncomeELV(higher dividend yield)

QualityMCK(higher ROIC)

Metrics side by side

Valuation

Metric	ELV	MCK
P/E ratio	16.52●	19.51
Forward P/E	13.29●	14.90
P/S ratio	0.43	0.23●
P/B ratio	1.95	—
PEG ratio	2.48	0.46●
EV / EBITDA	12.09●	13.79
FCF yield	7.53%●	6.44%

Profitability

Metric	ELV	MCK
Gross margin	23.16%●	3.61%
Operating margin	3.81%●	1.58%
Net margin	2.62%●	1.18%
ROE	11.94%●	-219.24%
ROIC	6.65%	31.48%●

Dividends

Metric	ELV	MCK
Dividend yield	1.77%●	0.44%
Payout ratio	27.24%	8.51%

Growth (annualized)

Metric	ELV	MCK
Revenue CAGR (5Y)	9.97%	11.11%●
EPS CAGR (5Y)	6.67%	40.71%●
FCF CAGR (5Y)	-7.76%	8.76%●
Total return CAGR (5Y)	2.49%	33.07%●

Frequently asked

Which is better, ELV or MCK?: It depends on your goal. value: ELV (lower P/E); growth: MCK (faster 5Y revenue CAGR); income: ELV (higher dividend yield); quality: MCK (higher ROIC). Across all compared metrics, ELV leads 9 to 7.
Is ELV or MCK cheaper?: On trailing earnings, ELV is cheaper: ELV trades at a 16.52 P/E and MCK at 19.51.
Which has grown faster, ELV or MCK?: Over the past five years, MCK grew revenue faster — ELV at a 9.97% CAGR versus MCK at 11.11%.
Does ELV or MCK pay a bigger dividend?: ELV yields 1.77% and MCK yields 0.44% based on trailing dividends and the latest price.
Is ELV or MCK more profitable?: ELV runs the higher net margin — ELV at 2.62% versus MCK at 1.18%.
Which has been the better investment, ELV or MCK?: Over the past 10-year, MCK delivered the higher annualized total return — ELV at 12.92% versus MCK at 16.38%. 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 Best 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 June 19, 2026.