UnitedHealth Group Incorporated vs Elevance Health, Inc.
In their latest fiscal years, UnitedHealth Group Incorporated reported revenue of $447.57B and Elevance Health, Inc. reported $199.12B — UNH was 2.2× larger by revenue. Net income was $12.06B for UNH and $5.66B for ELV.
| Latest fiscal year | UNH · FY ended Dec 2025 | ELV · FY ended Dec 2025 |
|---|---|---|
| Revenue | $447.57B | $199.12B |
| Revenue growth | +11.8% | +12.5% |
| Operating income | $18.96B | $7.20B |
| Net income | $12.06B | $5.66B |
| Net margin | 2.7% | 2.8% |
| Diluted EPS | $13.23 | $25.21 |
| Operating cash flow | $19.70B | $4.29B |
| Total assets | $309.58B | $121.49B |
| Total liabilities | $207.88B | $77.47B |
| Shareholders' equity | $100.09B | $43.88B |
| Cash & equivalents | $24.36B | $9.49B |
Revenue over time
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Both columns use the same XBRL concepts where possible, but companies may define revenue and other line items differently. Banks, insurers and industrial companies are not directly comparable on margins. Source: SEC EDGAR XBRL company facts. Not investment advice.