ABT vs. ELV: Abbott Laboratories vs. Elevance Health Stock Comparison

November 11, 2026

How do Abbott Laboratories (ABT) and Elevance Health (ELV) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Abbott Laboratories (ABT) and Elevance Health (ELV) both fall under the Health Care Equipment & Services industry group, but ABT is classified in Health Care Equipment & Supplies while ELV is classified in Health Care Providers & Services.

Company profile comparison for Abbott Laboratories (ABT) and Elevance Health (ELV)
Profile Item	ABT	ELV
Name	Abbott Laboratories	Elevance Health, Inc.
Country/Region	United States	United States
GICS Sector	Health Care	Health Care
GICS Industry Group	Health Care Equipment & Services	Health Care Equipment & Services
GICS Industry	Health Care Equipment & Supplies	Health Care Providers & Services
GICS Sub-Industry	Health Care Equipment	Managed Health Care
Market Capitalization	190.39 billion USD	91.96 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 17, 1980	October 30, 2001
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ABT

ELV

GSPC

Abbott Laboratories (ABT) vs. Elevance Health (ELV), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Abbott Laboratories (ABT) and Elevance Health (ELV). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Abbott Laboratories (ABT) and Elevance Health (ELV). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Abbott Laboratories (ABT) and Elevance Health (ELV)
Metric	ABT	ELV
Total Return (1Y)	-10.78%	35.51%
Total Return (3Y, Annualized)	7.79%	-0.68%
Total Return (5Y, Annualized)	-0.79%	1.10%

Risk Profile

Drawdown History

ABT

ELV

GSPC

Abbott Laboratories (ABT) vs. Elevance Health (ELV), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Abbott Laboratories (ABT) and Elevance Health (ELV). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Abbott Laboratories (ABT) and Elevance Health (ELV)
Metric	ABT	ELV
Volatility (1Y, Annualized)	28.48%	35.05%
Beta (5Y)	0.53	0.61
Max Drawdown (5Y)	-39.64%	-50.38%
Avg. Volume (3M)	8.74M	1.19M

Risk-Adjusted Performance

Risk-Return Positioning

ABT and ELV are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Abbott Laboratories (ABT) and Elevance Health (ELV)
Metric	ABT	ELV
Sharpe Ratio (1Y)	-0.53	0.89
Sortino Ratio (1Y)	-0.76	1.25

Profitability

ROE (TTM)

Both Abbott Laboratories (ABT) at 9.14% and Elevance Health (ELV) at 11.48% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

ABT

Health Care Equipment & Services industry group

9.14%

Max: 47.61%
Q3: 14.36%
ABT: 9.14%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

ELV

Health Care Equipment & Services industry group

11.48%

Max: 47.61%
Q3: 14.36%
ELV: 11.48%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

Abbott Laboratories (ABT) vs. Elevance Health (ELV): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

Abbott Laboratories (ABT) at 9.75% retains a top-quartile share of revenue as profit, ahead of Elevance Health (ELV) at 2.55%, which keeps about the industry-typical share.

ABT

Health Care Equipment & Services industry group

9.75%

Max: 29.35%
ABT: 9.75%
Q3: 9.33%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

ELV

Health Care Equipment & Services industry group

2.55%

Max: 29.35%
Q3: 9.33%
ELV: 2.55%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

Abbott Laboratories (ABT) vs. Elevance Health (ELV): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Both Abbott Laboratories (ABT) at 11.66% and Elevance Health (ELV) at 4.22% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

ABT

Health Care Equipment & Services industry group

11.66%

Max: 35.43%
Q3: 14.14%
ABT: 11.66%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

ELV

Health Care Equipment & Services industry group

4.22%

Max: 35.43%
Q3: 14.14%
Median: 6.81%
ELV: 4.22%
Q1: -0.28%
Min: -16.29%

Abbott Laboratories (ABT) vs. Elevance Health (ELV): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Abbott Laboratories (ABT) and Elevance Health (ELV)
Metric	ABT	ELV
ROE (TTM)	9.14%	11.48%
ROA (TTM)	4.90%	4.01%
Net Margin (TTM)	9.75%	2.55%
Operating Margin (TTM)	11.66%	4.22%
Gross Margin (TTM)	57.17%	26.43%

Growth

Revenue Growth

Both Abbott Laboratories (ABT) at 5.67% and Elevance Health (ELV) at 12.62% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Abbott Laboratories (ABT) vs. Elevance Health (ELV): A comparison of their Revenue Growth across different time periods.

EPS Growth

Elevance Health (ELV) at -1.83% is around its peer norm for EPS growth, while Abbott Laboratories (ABT) at -51.31% drops into the bottom quartile, signaling weaker earnings momentum.

Abbott Laboratories (ABT) vs. Elevance Health (ELV): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Abbott Laboratories (ABT) and Elevance Health (ELV)
Metric	ABT	ELV
Revenue Growth (YoY)	5.67%	12.62%
Revenue Growth (3Y CAGR)	0.51%	8.34%
EPS Growth (YoY)	-51.31%	-1.83%
EPS Growth (3Y CAGR)	-1.65%	0.53%

Financial Strength

Current Ratio (MRQ)

Both Abbott Laboratories (ABT) at 1.46 and Elevance Health (ELV) at 1.47 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

ABT

Health Care Equipment & Services industry group

1.46

Max: 7.59
Q3: 4.00
Median: 1.98
ABT: 1.46
Q1: 1.37
Min: 0.30

ELV

Health Care Equipment & Services industry group

1.47

Max: 7.59
Q3: 4.00
Median: 1.98
ELV: 1.47
Q1: 1.37
Min: 0.30

Abbott Laboratories (ABT) vs. Elevance Health (ELV): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Both Abbott Laboratories (ABT) at 0.61 and Elevance Health (ELV) at 0.69 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

ABT

Health Care Equipment & Services industry group

0.61

Max: 1.88
Q3: 0.91
ABT: 0.61
Median: 0.58
Q1: 0.16
Min: 0.00

ELV

Health Care Equipment & Services industry group

0.69

Max: 1.88
Q3: 0.91
ELV: 0.69
Median: 0.58
Q1: 0.16
Min: 0.00

Abbott Laboratories (ABT) vs. Elevance Health (ELV): A comparison of their debt-to-equity ratio against the Health Care Equipment & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Abbott Laboratories (ABT) and Elevance Health (ELV)
Metric	ABT	ELV
Current Ratio (MRQ)	1.46	1.47
Debt / Equity (MRQ)	0.61	0.69
Net Debt / EBITDA	2.37	-0.81

Dividends

Dividend Yield (TTM)

Both Abbott Laboratories (ABT) at 2.22% and Elevance Health (ELV) at 1.59% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

ABT

Health Care Equipment & Services industry group

2.22%

ABT: 2.22%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ELV

Health Care Equipment & Services industry group

1.59%

ELV: 1.59%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Abbott Laboratories (ABT) vs. Elevance Health (ELV): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both Abbott Laboratories (ABT) at 92.54% and Elevance Health (ELV) at 29.17% pay out more of their earnings than any of their industry peers — the thinnest cover in their groups, so dividend headroom deserves attention.

ABT

Health Care Equipment & Services industry group

92.54%

ABT: 92.54%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ELV

Health Care Equipment & Services industry group

29.17%

ELV: 29.17%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Abbott Laboratories (ABT) vs. Elevance Health (ELV): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Abbott Laboratories (ABT) and Elevance Health (ELV)
Metric	ABT	ELV
Dividend Yield (TTM)	2.22%	1.59%
Dividend Payout Ratio (TTM)	92.54%	29.17%

Valuation

P/E Ratio (TTM)

Elevance Health (ELV) at 18.07 sits in the cheaper P/E ratio quartile, while Abbott Laboratories (ABT) at 41.02 is closer to its industry’s usual earnings multiple — a discount for ELV, though growth and earnings durability still matter.

ABT

Health Care Equipment & Services industry group

41.02

Max: 80.41
Q3: 47.62
ABT: 41.02
Median: 29.93
Q1: 21.19
Min: 4.21

ELV

Health Care Equipment & Services industry group

18.07

Max: 80.41
Q3: 47.62
Median: 29.93
Q1: 21.19
ELV: 18.07
Min: 4.21

Abbott Laboratories (ABT) vs. Elevance Health (ELV): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

Elevance Health (ELV) at 0.46 sits in the cheaper P/S ratio quartile while Abbott Laboratories (ABT) at 3.95 prices around its industry’s middle — ELV costs less per dollar of sales, though read it alongside growth and margins.

ABT

Health Care Equipment & Services industry group

3.95

Max: 8.80
Q3: 4.32
ABT: 3.95
Median: 2.13
Q1: 1.10
Min: 0.03

ELV

Health Care Equipment & Services industry group

0.46

Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
ELV: 0.46
Min: 0.03

Abbott Laboratories (ABT) vs. Elevance Health (ELV): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Abbott Laboratories (ABT) at 3.73 and Elevance Health (ELV) at 2.06 are valued close to their industries’ norm against book — neither stands out from peers.

ABT

Health Care Equipment & Services industry group

3.73

Max: 11.68
Q3: 6.12
ABT: 3.73
Median: 3.00
Q1: 1.73
Min: -1.31

ELV

Health Care Equipment & Services industry group

2.06

Max: 11.68
Q3: 6.12
Median: 3.00
ELV: 2.06
Q1: 1.73
Min: -1.31

Abbott Laboratories (ABT) vs. Elevance Health (ELV): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Abbott Laboratories (ABT) and Elevance Health (ELV)
Metric	ABT	ELV
P/E Ratio (TTM)	41.02	18.07
P/S Ratio (TTM)	3.95	0.46
P/B Ratio (MRQ)	3.73	2.06
Free Cash Flow Yield (TTM)	3.19%	8.69%