ELEVANCE HEALTH, INC. vs MOLINA HEALTHCARE, INC., two Managed Care stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Neither Medicaid-exposed insurer grew into this year gracefully, but the damage differs by an order: Elevance still earns a 2.6% net margin and trades at 16.8 times earnings, while Molina's margin compressed to 0.42% and its multiple is unquotable. Scale is the buffer, $87B of Elevance against $12B of Molina, and mix: Elevance's Blue Cross commercial book cushions its government exposure, Molina is government almost entirely. Elevance pays a 1.5% dividend and shows a 7.4% free-cash figure, float-flattered as always; Molina's 2.1% has the same asterisk. The pair prices the same rate-reset storm from two exposures: diversified and dinged against concentrated and capsized.
Comparison updated 2026-07-10.
| Metric | ELV | MOH |
|---|---|---|
| Price | $395.20 | $229.88 |
| Market cap | $87.1B | $11.7B |
| Sector | Managed Care | Managed Care |
| Stage | Mature | Mature |
| P/E | 16.8 | — |
| P/B | 1.98 | 2.87 |
| P/S | 0.43 | 0.26 |
| EV/EBITDA | 17.9 | 16.5 |
| Revenue growth | +9.5% | +8.0% |
| Operating margin | 4.2% | 0.8% |
| Net margin | 2.6% | 0.4% |
| Return on equity | 11.9% | 4.6% |
| Return on assets | 4.2% | 1.1% |
| Return on invested capital | 6.2% | 2.6% |
| FCF yield | 7.4% | 2.1% |
| Dividend yield | 1.5% | — |
| Debt / equity | 0.72 | 0.92 |
| Current ratio | 1.48 | 1.63 |
| Altman Z (solvency) | 2.89 | 4.02 |
| Piotroski F (quality) | 7 / 9 | 7 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.