Filing Flows › Comparisons › CI vs ELV
Cigna vs Elevance Health: CI and ELV compared
Cigna is the larger company: $73.7B of revenue in its latest quarter (Q3 2026) against $51.4B for Elevance Health (Q3 2026). Cigna is growing faster (+6% against +1% a year earlier). Cigna is more profitable, with an operating margin of 3.3% against 2.5%.
Where the money goes: CI and ELV
Cigna (CI) · Q3 2026
Cigna, Q3 2026: revenue $73.7B (+6% year over year), operating margin 3.3%, net earnings $1.4B, operating cash flow $2.6B. The chart follows the revenue to costs, profit and cash.
Elevance Health (ELV) · Q3 2026
Elevance Health, Q3 2026: revenue $51.4B (+1% year over year), operating margin 2.5%, net earnings $1.3B, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| Cigna (CI) | Elevance Health (ELV) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $73.7B | $51.4B |
| Revenue growth, Y/Y | +6% | +1% |
| Operating margin | 3.3% | 2.5% |
| Net earnings | $1.4B | $1.3B |
| Net margin | 2.0% | 2.6% |
| Operating cash flow | $2.6B | $1.3B |
| Free cash flow | — | $1.0B |
| Market value | $79.5B | $94.0B |
| P/E | 11.9× | 18.4× |
| Analysts’ mean target | $342.56 | $482.38 |
Questions
Which is bigger, Cigna or Elevance Health?
Cigna is the larger company: $73.7B of revenue in its latest quarter (Q3 2026) against $51.4B for Elevance Health (Q3 2026).
Is Cigna or Elevance Health growing faster?
Cigna is growing faster (+6% against +1% a year earlier).
Which is more profitable, Cigna or Elevance Health?
Cigna is more profitable, with an operating margin of 3.3% against 2.5%.
More: Cigna earnings · how Cigna makes money · Elevance Health earnings · how Elevance Health makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Oct 21, 2026). Fiscal quarters can end on different dates. Not investment advice.