Elevance Health Inc. (ELV) FCF Payout Ratio: 23.56%
Is Elevance Health Inc.’s FCF payout ratio high or low?
Elevance Health Inc.'s FCF payout ratio of 23.56% is in line with its 5-year average of 23.99%, around the middle of its 5-year range (9.87%–48.17%).
The FCF payout ratio for Elevance Health Inc. (ELV) is 23.56%. It is below its 12-month average by 42.04% (40.65%).
ELV FCF Payout Ratio Chart
ELV Average FCF Payout Ratio Chart
ELV Current vs Average FCF Payout Ratio Chart
ELV FCF Payout Ratio Metrics
FCF PAYOUT RATIO
23.56%
FCF PAYOUT RATIO AVG TTM
40.65%
FCF PAYOUT RATIO AVG 3Y
29.72%
FCF PAYOUT RATIO AVG 5Y
23.99%
FCF PAYOUT RATIO AVG 10Y
23.23%
FCF PAYOUT RATIO AVG 15Y
21.37%
FCF PAYOUT RATIO AVG 20Y
21.37%
CURRENT VS TTM AVG
-42.04%
CURRENT VS 3Y AVG
-20.73%
CURRENT VS 5Y AVG
-1.78%
CURRENT VS 10Y AVG
+1.43%
CURRENT VS 15Y AVG
+10.24%
CURRENT VS 20Y AVG
+10.24%
Payout Ratio Comparison
FCF Payout Ratio
23.6%
Earnings Payout Ratio
27.2%
Dividend Yield
1.61%
FCF Yield
6.90%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $3.17B | $1.53B | 48.2% |
| 2024 | $4.55B | $1.51B | 33.1% |
| 2023 | $6.76B | $1.40B | 20.6% |
| 2022 | $7.25B | $1.23B | 17.0% |
| 2021 | $7.28B | $1.10B | 15.2% |
| 2020 | $9.67B | $954.00M | 9.9% |
| 2019 | $4.98B | $818.00M | 16.4% |
| 2018 | $2.62B | $776.00M | 29.6% |
| 2017 | $3.39B | $704.90M | 20.8% |
| 2016 | $2.62B | $684.00M | 26.1% |
| 2015 | $3.51B | $656.60M | 18.7% |
| 2014 | $2.74B | $480.70M | 17.5% |
| 2013 | $2.44B | $448.00M | 18.3% |
| 2012 | $2.20B | $367.10M | 16.7% |
| 2011 | $2.85B | $357.80M | 12.5% |
| 2010 | $965.30M | $0 | 0.0% |
| 2009 | $2.66B | $0 | 0.0% |
| 2008 | $2.19B | $0 | 0.0% |
| 2007 | $4.02B | $0 | 0.0% |
| 2006 | $3.85B | $0 | 0.0% |
| 2005 | $3.09B | $0 | 0.0% |
| 2004 | $1.17B | $0 | 0.0% |
| 2003 | $1.03B | $0 | 0.0% |
| 2002 | $867.80M | $0 | 0.0% |
| 2001 | $584.20M | $0 | 0.0% |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
Elevance Health Inc. FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Elevance Health Inc. FCF Payout Ratio FAQ
- What is the FCF payout ratio for Elevance Health Inc. (ELV)?
- The FCF payout ratio for ELV stock is 23.56%.
- Is Elevance Health Inc.'s FCF payout ratio high or low?
- Elevance Health Inc.'s FCF payout ratio of 23.56% is in line with its 5-year average of 23.99%, around the middle of its 5-year range (9.87%–48.17%).
- What is the TTM average FCF payout ratio for Elevance Health Inc. (ELV)?
- The TTM average FCF payout ratio for ELV stock is 40.65%.
- What is the 3Y average FCF payout ratio for Elevance Health Inc. (ELV)?
- The 3Y average FCF payout ratio for ELV stock is 29.72%.
- What is the 5Y average FCF payout ratio for Elevance Health Inc. (ELV)?
- The 5Y average FCF payout ratio for ELV stock is 23.99%.
- What is the 10Y average FCF payout ratio for Elevance Health Inc. (ELV)?
- The 10Y average FCF payout ratio for ELV stock is 23.23%.
- What is the 15Y average FCF payout ratio for Elevance Health Inc. (ELV)?
- The 15Y average FCF payout ratio for ELV stock is 21.37%.
- What is the 20Y average FCF payout ratio for Elevance Health Inc. (ELV)?
- The 20Y average FCF payout ratio for ELV stock is 21.37%.
Elevance Health Inc. FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-31 | 48.17% |
| 2024-12-31 | 33.13% |
| 2023-12-31 | 20.62% |
| 2022-12-31 | 16.96% |
| 2021-12-31 | 15.17% |
| 2020-12-31 | 9.87% |
| 2019-12-31 | 16.41% |
| 2018-12-31 | 29.63% |
| 2017-12-31 | 20.77% |
| 2016-12-31 | 26.10% |
| 2015-12-31 | 18.69% |
| 2014-12-31 | 17.53% |
| 2013-12-31 | 18.32% |
| 2012-12-31 | 16.69% |
| 2011-12-31 | 12.53% |
About Elevance Health Inc.
Operating as a major health benefits organization, Elevance Health Inc. commits to guiding consumers, families, and communities across their entire health and wellness path. It facilitates access to vital care, assistance, and tools designed to enable healthier living for approximately 118 million individuals. The company's comprehensive offerings span medical, digital, pharmaceutical, behavioral health, clinical, and other care solutions. Founded in 1944 and based in Indianapolis, Indiana, this entity adopted its current name, Elevance Health Inc., in June 2022, having previously operated as Anthem, Inc.
- Sector
- Healthcare
- Industry
- Medical - Healthcare Plans
- CEO
- Gail Koziara Boudreaux