Elevance Health Inc. (ELV) vs QUALCOMM Incorporated (QCOM)
A side-by-side comparison of Elevance Health Inc. and QUALCOMM Incorporated 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.
Different business models: ELV is classified in Healthcare; QCOM is classified in Technology. Margin, capital intensity, and valuation differences should be interpreted in that sector context.
ELV
Elevance Health Inc.
$418.72HealthcareDelayed quote: Sep 11, 2026, 4:00 PM EDT
QCOM
QUALCOMM Incorporated
$181.97TechnologyDelayed quote: Sep 11, 2026, 4:00 PM EDT
Total return — ELV vs QCOM
growth of $100 · dividends reinvested · last 10yELV +274.5% (+14.1%/yr)QCOM +266.0% (+13.9%/yr)ELV compounded faster over this window
ELV QCOM
ELV vs QCOM: by the numbers
- •QCOM is the larger company ($191.07B vs $90.81B market cap).
- •ELV trades at the lower trailing earnings multiple (18.61 vs 20.77 P/E), one valuation lens rather than an overall verdict.
- •QCOM converts more revenue to profit (21.01% vs 2.47% net margin).
- •ELV grew revenue faster over the past five years (9.25% vs 6.23% CAGR).
- •QCOM pays the higher dividend yield (2.05% vs 1.65%).
Metrics side by side
Valuation
| Metric | ELV | QCOM |
|---|---|---|
| P/E ratio | 18.61 | 20.77 |
| Forward P/E | 15.42 | 17.26 |
| P/S ratio | 0.45 | 4.34 |
| P/B ratio | 2.02 | 6.91 |
| EV / EBITDA | 13.82 | 17.11 |
| FCF yield | 6.93% | 5.45% |
Profitability
| Metric | ELV | QCOM |
|---|---|---|
| Gross margin | 25.56% | 54.23% |
| Operating margin | 3.51% | 23.19% |
| Net margin | 2.47% | 21.01% |
| ROE | 11.06% | 33.48% |
| ROIC | 6.34% | 17.42% |
Dividends
| Metric | ELV | QCOM |
|---|---|---|
| Dividend yield | 1.65% | 2.05% |
| Payout ratio | 30.49% | 41.32% |
Growth (annualized)
| Metric | ELV | QCOM |
|---|---|---|
| Revenue CAGR (5Y) | 9.25% | 6.23% |
| EPS CAGR (5Y) | 6.67% | 2.02% |
| FCF CAGR (5Y) | -19.97% | 2.09% |
| Total return CAGR (5Y) | 4.62% | 6.80% |
Frequently asked
- Which has the lower trailing P/E, ELV or QCOM?
- ELV has the lower trailing P/E: ELV trades at 18.61 and QCOM at 20.77. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, ELV or QCOM?
- Over the past five years, ELV grew revenue faster — ELV at a 9.25% CAGR versus QCOM at 6.23%.
- Does ELV or QCOM pay a bigger dividend?
- ELV yields 1.65% and QCOM yields 2.05% based on trailing dividends and the latest price.
- Is ELV or QCOM more profitable?
- QCOM runs the higher net margin — ELV at 2.47% versus QCOM at 21.01%.
- How have ELV and QCOM total returns compared?
- Over the past 10 years, ELV delivered 14.18% and QCOM delivered 14.33% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Elevance Health P/E ratioQUALCOMM P/E ratioElevance Health dividend yieldQUALCOMM dividend yieldElevance Health ROEQUALCOMM ROEElevance Health operating marginQUALCOMM operating marginElevance Health revenue growthQUALCOMM revenue growthElevance Health free cash flowQUALCOMM free cash flow
Elevance Health & QUALCOMM 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.