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Elevance Health vs Humana: ELV and HUM compared
Elevance Health is the larger company: $51.4B of revenue in its latest quarter (Q3 2026) against $41.2B for Humana (Q3 2026). Humana is growing faster (+26% against +1% a year earlier). Elevance Health is more profitable, with an operating margin of 2.5% against 0.2%.
Where the money goes: ELV and HUM
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.
Humana (HUM) · Q3 2026
Humana, Q3 2026: revenue $41.2B (+26% year over year), operating margin 0.2%, net earnings $161M, operating cash flow $2.2B. The chart follows the revenue to costs, profit and cash.
| Elevance Health (ELV) | Humana (HUM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $51.4B | $41.2B |
| Revenue growth, Y/Y | +1% | +26% |
| Operating margin | 2.5% | 0.2% |
| Net earnings | $1.3B | $161M |
| Net margin | 2.6% | 0.4% |
| Operating cash flow | $1.3B | $2.2B |
| Free cash flow | $1.0B | $2.0B |
| Market value | $94.0B | $52.8B |
| P/E | 18.4× | 39.8× |
| Analysts’ mean target | $482.38 | $465.12 |
Questions
Which is bigger, Elevance Health or Humana?
Elevance Health is the larger company: $51.4B of revenue in its latest quarter (Q3 2026) against $41.2B for Humana (Q3 2026).
Is Elevance Health or Humana growing faster?
Humana is growing faster (+26% against +1% a year earlier).
Which is more profitable, Elevance Health or Humana?
Elevance Health is more profitable, with an operating margin of 2.5% against 0.2%.
More: Elevance Health earnings · how Elevance Health makes money · Humana earnings · how Humana makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 21, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.