Is ELV or MDT cheaper?

On trailing earnings, ELV is cheaper: ELV trades at a 17.19 P/E and MDT at 21.50.

Which has grown faster, ELV or MDT?

Over the past five years, ELV grew revenue faster — ELV at a 9.97% CAGR versus MDT at 5.18%.

Does ELV or MDT pay a bigger dividend?

ELV yields 1.70% and MDT yields 3.54% based on trailing dividends and the latest price.

Is ELV or MDT more profitable?

MDT runs the higher net margin — ELV at 2.62% versus MDT at 13.20%.

Which has been the better investment, ELV or MDT?

Over the past 10-year, ELV delivered the higher annualized total return — ELV at 13.43% versus MDT at 1.97%. Past performance doesn't predict future results.

Elevance Health Inc. (ELV) vs Medtronic plc (MDT)

ELV leads on 11 of 17 compared metrics.

A side-by-side comparison of Elevance Health Inc. and Medtronic plc across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — ELV vs MDT

growth of $100 · last 25y

ELV +1875.9%MDT +98.6%ELV compounded faster

Log scale — wide-divergence pair

ELV MDT

ELV vs MDT: by the numbers

•MDT is the larger company ($102.97B vs $87.75B market cap).
•ELV trades at the lower earnings multiple (17.19 vs 21.50 P/E).
•MDT converts more revenue to profit (13.20% vs 2.62% net margin).
•ELV grew revenue faster over the past five years (9.97% vs 5.18% CAGR).
•MDT pays the higher dividend yield (3.54% vs 1.70%).

Which is better, ELV or MDT?

Metric tally: ELV 11 · MDT 6

It depends on what you're optimizing for:

ValueELV(lower P/E)

GrowthELV(faster 5Y revenue CAGR)

IncomeMDT(higher dividend yield)

QualityELV(higher ROIC)

Valuation

Metric	ELV	MDT
P/E ratio	17.19●	21.50
Forward P/E	13.82	12.56●
P/S ratio	0.44●	2.84
P/B ratio	2.03●	2.11
PEG ratio	2.58●	6.73
EV / EBITDA	12.48●	13.03
FCF yield	7.24%●	5.25%

Profitability

Metric	ELV	MDT
Gross margin	23.16%	65.02%●
Operating margin	3.81%	17.78%●
Net margin	2.62%	13.20%●
ROE	11.94%●	9.80%
ROIC	6.65%●	0.00%

Dividends

Metric	ELV	MDT
Dividend yield	1.70%	3.54%●
Payout ratio	27.24%	75.73%

Growth (annualized)

Metric	ELV	MDT
Revenue CAGR (5Y)	9.97%●	5.18%
EPS CAGR (5Y)	6.67%●	0.83%
FCF CAGR (5Y)	-7.76%	3.07%●
Total return CAGR (5Y)	2.50%●	-5.47%

Frequently asked

Which is better, ELV or MDT?: It depends on your goal. value: ELV (lower P/E); growth: ELV (faster 5Y revenue CAGR); income: MDT (higher dividend yield); quality: ELV (higher ROIC). Across all compared metrics, ELV leads 11 to 6.
Is ELV or MDT cheaper?: On trailing earnings, ELV is cheaper: ELV trades at a 17.19 P/E and MDT at 21.50.
Which has grown faster, ELV or MDT?: Over the past five years, ELV grew revenue faster — ELV at a 9.97% CAGR versus MDT at 5.18%.
Does ELV or MDT pay a bigger dividend?: ELV yields 1.70% and MDT yields 3.54% based on trailing dividends and the latest price.
Is ELV or MDT more profitable?: MDT runs the higher net margin — ELV at 2.62% versus MDT at 13.20%.
Which has been the better investment, ELV or MDT?: Over the past 10-year, ELV delivered the higher annualized total return — ELV at 13.43% versus MDT at 1.97%. Past performance doesn't predict future results.

Go deeper

Full ELV analysis Full MDT analysis Interactive comparison tool

Dig into the metrics

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

Elevance Health & Medtronic appear in these rankings

Highest Dividend Yield Stocks Dividend Aristocrats 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 13, 2026.