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

ELV has the lower trailing P/E: ELV trades at 16.70 and MCK at 22.26. 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 11.11%.

Does ELV or MCK pay a bigger dividend?

ELV yields 1.83% and MCK yields 0.38% 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 1.18%.

How have ELV and MCK total returns compared?

Over the past 10 years, ELV delivered 12.63% and MCK delivered 16.86% 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 August 3, 2026. Differences are shown without an overall score or investment verdict.

ELV

Elevance Health Inc.

$83.01B

$382.77HealthcareDelayed quote: Aug 3, 2026, 4:00 PM EDT

MCK

McKesson Corporation

$96.59B

$825.00HealthcareDelayed quote: Aug 3, 2026, 4:00 PM EDT

Total return — ELV vs MCK

growth of $100 · dividends reinvested · last 25y

ELV +2222.2%MCK +2548.4%MCK compounded faster

ELV MCK

ELV vs MCK: by the numbers

•MCK is the larger company ($96.59B vs $83.01B market cap).
•ELV trades at the lower trailing earnings multiple (16.70 vs 22.26 P/E), one valuation lens rather than an overall verdict.
•ELV converts more revenue to profit (2.47% vs 1.18% net margin).
•MCK grew revenue faster over the past five years (11.11% vs 9.25% CAGR).
•ELV pays the higher dividend yield (1.83% vs 0.38%).

Metrics side by side

Valuation

Metric	ELV	MCK
P/E ratio	16.70	22.26
Forward P/E	13.85	21.95
P/S ratio	0.41	0.26
P/B ratio	1.82	N/A
PEG ratio	2.50	0.46
EV / EBITDA	12.72	15.45
FCF yield	7.68%	5.65%

Profitability

Metric	ELV	MCK
Gross margin	25.56%	3.61%
Operating margin	3.51%	1.58%
Net margin	2.47%	1.18%
ROE	11.06%	-219.24%
ROIC	6.65%	31.48%

Dividends

Metric	ELV	MCK
Dividend yield	1.83%	0.38%
Payout ratio	27.24%	8.51%

Growth (annualized)

Metric	ELV	MCK
Revenue CAGR (5Y)	9.25%	11.11%
EPS CAGR (5Y)	6.67%	40.71%
FCF CAGR (5Y)	-19.97%	8.76%
Total return CAGR (5Y)	1.02%	33.96%

Frequently asked

Which has the lower trailing P/E, ELV or MCK?: ELV has the lower trailing P/E: ELV trades at 16.70 and MCK at 22.26. 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 11.11%.
Does ELV or MCK pay a bigger dividend?: ELV yields 1.83% and MCK yields 0.38% 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 1.18%.
How have ELV and MCK total returns compared?: Over the past 10 years, ELV delivered 12.63% and MCK delivered 16.86% 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 August 3, 2026.