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ELV vs. MCK: Elevance Health vs. McKesson Stock Comparison

How do Elevance Health (ELV) and McKesson (MCK) 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

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

Company profile comparison for Elevance Health (ELV) and McKesson (MCK)
Profile ItemELVMCK
NameElevance Health, Inc.McKesson Corporation
Country/RegionUnited StatesUnited States
GICS SectorHealth CareHealth Care
GICS Industry GroupHealth Care Equipment & ServicesHealth Care Equipment & Services
GICS IndustryHealth Care Providers & ServicesHealth Care Providers & Services
GICS Sub-IndustryManaged Health CareHealth Care Distributors
Market Capitalization91.96 billion USD122.48 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateOctober 30, 2001November 10, 1994
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

ELV
MCK
GSPC
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Elevance Health (ELV) vs. McKesson (MCK), 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 Elevance Health (ELV) and McKesson (MCK). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Elevance Health (ELV) and McKesson (MCK)
MetricELVMCK
Total Return (1Y)35.51%25.40%
Total Return (3Y, Annualized)-0.68%32.67%
Total Return (5Y, Annualized)1.10%37.84%

Risk Profile

Drawdown History

ELV
MCK
GSPC
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Elevance Health (ELV) vs. McKesson (MCK), 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 Elevance Health (ELV) and McKesson (MCK). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Elevance Health (ELV) and McKesson (MCK)
MetricELVMCK
Volatility (1Y, Annualized)35.05%31.71%
Beta (5Y)0.610.26
Max Drawdown (5Y)-50.38%-27.17%
Avg. Volume (3M)1.19M822.69K

Risk-Adjusted Performance

Risk-Return Positioning

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ELV and MCK 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 Elevance Health (ELV) and McKesson (MCK)
MetricELVMCK
Sharpe Ratio (1Y)0.890.67
Sortino Ratio (1Y)1.251.15

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Elevance Health (ELV) earns 11.48% on shareholders’ equity, ranked against its industry; McKesson (MCK) has no ROE this period.

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%

MCK

Health Care Equipment & Services industry group

--

Max
47.61%
Q3
14.36%
Median
5.45%
Q1
-10.67%
Min
-47.01%
MCK
--
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Elevance Health (ELV) vs. McKesson (MCK): MCK does not report ROE, so it has no value marker; ELV is benchmarked against the Health Care Equipment & Services industry group.

Net Margin (TTM)

Both Elevance Health (ELV) at 2.55% and McKesson (MCK) at 1.12% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

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%

MCK

Health Care Equipment & Services industry group

1.12%

Max
29.35%
Q3
9.33%
Median
2.18%
MCK
1.12%
Q1
-6.29%
Min
-28.46%
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Elevance Health (ELV) vs. McKesson (MCK): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Both Elevance Health (ELV) at 4.22% and McKesson (MCK) at 1.48% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

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%

MCK

Health Care Equipment & Services industry group

1.48%

Max
35.43%
Q3
14.14%
Median
6.81%
MCK
1.48%
Q1
-0.28%
Min
-16.29%
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Elevance Health (ELV) vs. McKesson (MCK): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Elevance Health (ELV) and McKesson (MCK)
MetricELVMCK
ROE (TTM)11.48%--
ROA (TTM)4.01%4.72%
Net Margin (TTM)2.55%1.12%
Operating Margin (TTM)4.22%1.48%
Gross Margin (TTM)26.43%3.65%

Growth

Revenue Growth

Both Elevance Health (ELV) at 12.62% and McKesson (MCK) at 12.36% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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

EPS Growth

McKesson (MCK) at 49.22% sits in the top EPS growth quartile, while Elevance Health (ELV) at -1.83% is closer to the peer norm — faster per-share earnings growth for MCK.

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

Growth Metrics

Growth metrics for Elevance Health (ELV) and McKesson (MCK)
MetricELVMCK
Revenue Growth (YoY)12.62%12.36%
Revenue Growth (3Y CAGR)8.34%13.39%
EPS Growth (YoY)-1.83%49.22%
EPS Growth (3Y CAGR)0.53%15.31%

Financial Strength

Current Ratio (MRQ)

Elevance Health (ELV) at 1.47 keeps current ratio within its industry’s typical mid-range, while McKesson (MCK) at 0.90 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for MCK.

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

MCK

Health Care Equipment & Services industry group

0.90

Max
7.59
Q3
4.00
Median
1.98
Q1
1.37
MCK
0.90
Min
0.30
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Elevance Health (ELV) vs. McKesson (MCK): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Elevance Health (ELV) carries debt-to-equity ratio of 0.69 against its industry range, while McKesson (MCK) reports no figure this period.

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

MCK

Health Care Equipment & Services industry group

--

Max
1.88
Q3
0.91
Median
0.58
Q1
0.16
Min
0.00
MCK
--
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Elevance Health (ELV) vs. McKesson (MCK): MCK does not report debt-to-equity ratio, so it has no value marker; ELV is benchmarked against the Health Care Equipment & Services industry group.

Financial Strength Metrics

Financial strength metrics for Elevance Health (ELV) and McKesson (MCK)
MetricELVMCK
Current Ratio (MRQ)1.470.90
Debt / Equity (MRQ)0.69--
Net Debt / EBITDA-0.810.64

Dividends

Dividend Yield (TTM)

Both Elevance Health (ELV) at 1.59% and McKesson (MCK) at 0.32% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

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%

MCK

Health Care Equipment & Services industry group

0.32%

MCK
0.32%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Elevance Health (ELV) vs. McKesson (MCK): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both Elevance Health (ELV) at 29.17% and McKesson (MCK) at 8.77% pay out more of their earnings than any of their industry peers — the thinnest cover in their groups, so dividend headroom deserves attention.

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%

MCK

Health Care Equipment & Services industry group

8.77%

MCK
8.77%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Elevance Health (ELV) vs. McKesson (MCK): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Elevance Health (ELV) and McKesson (MCK)
MetricELVMCK
Dividend Yield (TTM)1.59%0.32%
Dividend Payout Ratio (TTM)29.17%8.77%

Valuation

P/E Ratio (TTM)

Elevance Health (ELV) at 18.07 sits in the cheaper P/E ratio quartile, while McKesson (MCK) at 27.36 is closer to its industry’s usual earnings multiple — a discount for ELV, though growth and earnings durability still matter.

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

MCK

Health Care Equipment & Services industry group

27.36

Max
80.41
Q3
47.62
Median
29.93
MCK
27.36
Q1
21.19
Min
4.21
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Elevance Health (ELV) vs. McKesson (MCK): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

Both Elevance Health (ELV) at 0.46 and McKesson (MCK) at 0.29 fetch a relatively low price per dollar of sales, landing in the cheaper P/S ratio quartile of their industries.

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

MCK

Health Care Equipment & Services industry group

0.29

Max
8.80
Q3
4.32
Median
2.13
Q1
1.10
MCK
0.29
Min
0.03
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Elevance Health (ELV) vs. McKesson (MCK): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

McKesson (MCK) reports a negative P/B ratio of -30.85, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Elevance Health (ELV) reports 2.06, ranking against industry peers normally.

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

MCK

Health Care Equipment & Services industry group

-30.85

Max
11.68
Q3
6.12
Median
3.00
Q1
1.73
Min
-1.31
MCK
-30.85
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Elevance Health (ELV) vs. McKesson (MCK): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Elevance Health (ELV) and McKesson (MCK)
MetricELVMCK
P/E Ratio (TTM)18.0727.36
P/S Ratio (TTM)0.460.29
P/B Ratio (MRQ)2.06-30.85
Free Cash Flow Yield (TTM)8.69%6.04%