DVA vs. ELV: DaVita vs. Elevance Health Stock Comparison

November 11, 2026

How do DaVita (DVA) 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

DaVita (DVA) and Elevance Health (ELV) both belong to the Health Care Providers & Services industry, though DVA is classified under Health Care Services while ELV falls under Managed Health Care.

Company profile comparison for DaVita (DVA) and Elevance Health (ELV)
Profile Item	DVA	ELV
Name	DaVita Inc.	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 Providers & Services	Health Care Providers & Services
GICS Sub-Industry	Health Care Services	Managed Health Care
Market Capitalization	12.04 billion USD	91.96 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	October 31, 1995	October 30, 2001
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

DVA

ELV

GSPC

DaVita (DVA) 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 DaVita (DVA) and Elevance Health (ELV). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for DaVita (DVA) and Elevance Health (ELV)
Metric	DVA	ELV
Total Return (1Y)	51.64%	35.51%
Total Return (3Y, Annualized)	30.54%	-0.68%
Total Return (5Y, Annualized)	11.92%	1.10%

Risk Profile

Drawdown History

DVA

ELV

GSPC

DaVita (DVA) 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 DaVita (DVA) and Elevance Health (ELV). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for DaVita (DVA) and Elevance Health (ELV)
Metric	DVA	ELV
Volatility (1Y, Annualized)	46.86%	35.05%
Beta (5Y)	0.85	0.61
Max Drawdown (5Y)	-46.98%	-50.38%
Avg. Volume (3M)	713.76K	1.19M

Risk-Adjusted Performance

Risk-Return Positioning

DVA 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 DaVita (DVA) and Elevance Health (ELV)
Metric	DVA	ELV
Sharpe Ratio (1Y)	1.01	0.89
Sortino Ratio (1Y)	1.78	1.25

Profitability

ROE (TTM)

DaVita (DVA) at 96.79% clears its industry range for ROE, a sharper capital-efficiency signal than Elevance Health (ELV) at 11.48%, which is closer to a typical peer reading.

DVA

Health Care Equipment & Services industry group

96.79%

DVA: 96.79%
Max: 47.61%
Q3: 14.36%
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%

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

Net Margin (TTM)

Both DaVita (DVA) at 6.49% and Elevance Health (ELV) at 2.55% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

DVA

Health Care Equipment & Services industry group

6.49%

Max: 29.35%
Q3: 9.33%
DVA: 6.49%
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%

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

Operating Margin (TTM)

DaVita (DVA) at 15.46% operates in the top operating margin quartile, ahead of Elevance Health (ELV) at 4.22%, which runs around its industry’s norm.

DVA

Health Care Equipment & Services industry group

15.46%

Max: 35.43%
DVA: 15.46%
Q3: 14.14%
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%

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

Profitability Metrics

Profitability metrics for DaVita (DVA) and Elevance Health (ELV)
Metric	DVA	ELV
ROE (TTM)	96.79%	11.48%
ROA (TTM)	7.59%	4.01%
Net Margin (TTM)	6.49%	2.55%
Operating Margin (TTM)	15.46%	4.22%
Gross Margin (TTM)	32.28%	26.43%

Growth

Revenue Growth

Both DaVita (DVA) at 6.46% 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.

DaVita (DVA) vs. Elevance Health (ELV): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both DaVita (DVA) at -8.29% and Elevance Health (ELV) at -1.83% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

DaVita (DVA) vs. Elevance Health (ELV): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for DaVita (DVA) and Elevance Health (ELV)
Metric	DVA	ELV
Revenue Growth (YoY)	6.46%	12.62%
Revenue Growth (3Y CAGR)	5.53%	8.34%
EPS Growth (YoY)	-8.29%	-1.83%
EPS Growth (3Y CAGR)	18.93%	0.53%

Financial Strength

Current Ratio (MRQ)

Both DaVita (DVA) at 1.41 and Elevance Health (ELV) at 1.47 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

DVA

Health Care Equipment & Services industry group

1.41

Max: 7.59
Q3: 4.00
Median: 1.98
DVA: 1.41
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

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

Debt / Equity (MRQ)

Elevance Health (ELV) at 0.69 is near its industry mid-range for debt-to-equity ratio, while DaVita (DVA) at 11.90 sits above its benchmark range, pointing to a heavier debt load relative to equity.

DVA

Health Care Equipment & Services industry group

11.90

DVA: 11.90
Max: 1.88
Q3: 0.91
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

DaVita (DVA) 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 DaVita (DVA) and Elevance Health (ELV)
Metric	DVA	ELV
Current Ratio (MRQ)	1.41	1.47
Debt / Equity (MRQ)	11.90	0.69
Net Debt / EBITDA	4.51	-0.81

Dividends

Dividend Yield (TTM)

DaVita (DVA) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Elevance Health (ELV) reports a yield of 1.59%, ranking against industry peers normally.

DVA

Health Care Equipment & Services industry group

0.00%

DVA: 0.00%
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%

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

Dividend Payout Ratio (TTM)

DaVita (DVA) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Elevance Health (ELV) reports a payout of 29.17%, ranking against industry peers normally.

DVA

Health Care Equipment & Services industry group

0.00%

DVA: 0.00%
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%

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

Dividend Metrics

Dividend metrics for DaVita (DVA) and Elevance Health (ELV)
Metric	DVA	ELV
Dividend Yield (TTM)	0.00%	1.59%
Dividend Payout Ratio (TTM)	0.00%	29.17%

Valuation

P/E Ratio (TTM)

Both DaVita (DVA) at 14.49 and Elevance Health (ELV) at 18.07 sit in the cheaper earnings-multiple quartile for P/E ratio, with the market paying less for a dollar of trailing earnings than it pays for typical peers.

DVA

Health Care Equipment & Services industry group

14.49

Max: 80.41
Q3: 47.62
Median: 29.93
Q1: 21.19
DVA: 14.49
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

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

P/S Ratio (TTM)

Both DaVita (DVA) at 0.85 and Elevance Health (ELV) at 0.46 fetch a relatively low price per dollar of sales, landing in the cheaper P/S ratio quartile of their industries.

DVA

Health Care Equipment & Services industry group

0.85

Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
DVA: 0.85
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

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

P/B Ratio (MRQ)

DaVita (DVA) reports a negative P/B ratio of -20.52, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Elevance Health (ELV) reports 2.06, ranking against industry peers normally.

DVA

Health Care Equipment & Services industry group

-20.52

Max: 11.68
Q3: 6.12
Median: 3.00
Q1: 1.73
Min: -1.31
DVA: -20.52

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

DaVita (DVA) 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 DaVita (DVA) and Elevance Health (ELV)
Metric	DVA	ELV
P/E Ratio (TTM)	14.49	18.07
P/S Ratio (TTM)	0.85	0.46
P/B Ratio (MRQ)	-20.52	2.06
Free Cash Flow Yield (TTM)	7.52%	8.69%