HUMHumana

Health care · Health Insurance · NYSE

HUM and 9 peers, year by year

The 9 Health care companies closest to HUM in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

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Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Gross margin	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
HUM Humana	FY2025	$129.7B	+10.1%	-	2.1%	0.9%	0.3%	6.7%	0.70
ELV Elevance Health	FY2025	$199.1B	+12.5%	-	3.6%	2.8%	1.6%	12.9%	0.73
CNC Centene Corporation	FY2025	$194.8B	+20.0%	7.3%	−3.9%	−3.4%	2.2%	−33.4%	0.88
JNJ Johnson & Johnson	FY2025	$94.2B	+6.0%	67.9%	-	28.5%	20.9%	32.9%	0.61
LLY Eli Lilly	FY2025	$65.2B	+44.7%	-	-	31.7%	-	77.8%	1.54
HCA HCA Healthcare	FY2025	$75.6B	+7.1%	-	-	9.0%	10.2%	n/m	n/m
MRK Merck & Co.	FY2025	$65.0B	+1.3%	-	-	28.1%	19.0%	34.7%	0.94
ABBV AbbVie	FY2025	$61.2B	+8.6%	-	24.6%	6.9%	29.1%	n/m	n/m
PFE Pfizer	FY2025	$62.6B	−1.6%	-	-	12.4%	14.5%	9.0%	0.75
CAH Cardinal Health	FY2026	$254.2B	+14.2%	3.8%	1.0%	0.7%	1.8%	n/m	n/m

Revenuepeer median $75.6B

Sales growthpeer median +8.6%

Gross marginpeer median 7.3%

JNJ 67.9%
CNC 7.3%
CAH 3.8%
HUM -
ELV -
LLY -
HCA -
MRK -
ABBV -
PFE -

Operating marginpeer median 2.3%

ABBV 24.6%
ELV 3.6%
HUM 2.1%
CAH 1.0%
CNC −3.9%
JNJ -
LLY -
HCA -
MRK -
PFE -

Net marginpeer median 9.0%

FCF marginpeer median 12.3%

Return on equitypeer median 22.9%

Debt / equitypeer median 0.81

LLY 1.54
MRK 0.94
CNC 0.88
PFE 0.75
ELV 0.73
HUM 0.70
JNJ 0.61
HCA n/m
ABBV n/m
CAH n/m

RevenueSales growthGross marginOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2016 to FY2025

Revenue as reported in the 10-K.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
HUM Dec	$54.4B	$53.8B	$56.9B	$64.9B	$77.2B	$83.1B	$92.9B	$106.4B	$117.8B	$129.7B
ELV Dec	$84.9B	$90.0B	$92.1B	$104.2B	$121.9B	$138.6B	$156.6B	$171.3B	$177.0B	$199.1B
CNC Dec	$40.6B	$48.4B	$60.1B	$74.6B	$111.1B	$126.0B	$144.5B	$154.0B	$163.1B	$194.8B
JNJ Dec	$71.9B	$76.5B	$81.6B	$82.1B	-	$78.7B	$80.0B	$85.2B	$88.8B	$94.2B
LLY Dec	$21.2B	$20.0B	$21.5B	$22.3B	$24.5B	$28.3B	$28.5B	$34.1B	$45.0B	$65.2B
HCA Dec	$41.5B	$43.6B	$46.7B	$51.3B	$51.5B	$58.8B	$60.2B	$65.0B	$70.6B	$75.6B
MRK Dec	$39.8B	$40.1B	$42.3B	$39.1B	$41.5B	$48.7B	$59.3B	$60.1B	$64.2B	$65.0B
ABBV Dec	$25.6B	$28.2B	$32.8B	$33.3B	$45.8B	$56.2B	$58.1B	$54.3B	$56.3B	$61.2B
PFE Dec	$52.8B	$52.5B	$40.8B	$40.9B	$41.7B	$81.3B	$101.2B	$59.6B	$63.6B	$62.6B
CAH Jun	$121.5B	$130.0B	$136.8B	$145.5B	$152.9B	$162.5B	$181.3B	$205.0B	$226.8B	$222.6B
Peer median	$41.5B	$48.4B	$46.7B	$51.3B	$48.7B	$78.7B	$80.0B	$65.0B	$70.6B	$75.6B

Sales growth, FY2016 to FY2025

Revenue against the fiscal year before.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
HUM Dec	+0.2%	−1.1%	+5.8%	+14.0%	+18.9%	+7.7%	+11.8%	+14.5%	+10.7%	+10.1%
ELV Dec	+7.2%	+6.1%	+2.3%	+13.1%	+16.9%	+13.8%	+13.0%	+9.4%	+3.3%	+12.5%
CNC Dec	+78.4%	+21.4%	+23.7%	+24.7%	+47.5%	+13.7%	+14.8%	+3.4%	+3.9%	+20.0%
JNJ Dec	-	+6.3%	+6.7%	+0.6%	-	+13.6%	+1.6%	+6.5%	+4.3%	+6.0%
LLY Dec	+6.3%	+7.8%	+7.6%	+3.8%	+9.9%	+15.4%	+0.8%	+19.6%	+32.0%	+44.7%
HCA Dec	-	+5.1%	+7.0%	+10.0%	+0.4%	+14.0%	+2.5%	+7.9%	+8.7%	+7.1%
MRK Dec	-	+0.8%	+5.4%	+10.7%	+6.1%	+17.3%	+21.7%	+1.4%	+6.7%	+1.3%
ABBV Dec	+12.2%	+10.1%	+16.1%	+1.6%	+37.7%	+22.7%	+3.3%	−6.4%	+3.7%	+8.6%
PFE Dec	-	−0.5%	+2.1%	+0.8%	+1.8%	+95.2%	+24.7%	−41.1%	+6.8%	−1.6%
CAH Jun	-	+6.9%	+5.3%	+6.4%	+5.1%	+6.2%	+11.6%	+13.0%	+10.7%	−1.9%
Peer median	+9.7%	+6.3%	+6.7%	+6.4%	+8.0%	+14.0%	+11.6%	+6.5%	+6.7%	+7.1%

Gross margin, FY2016 to FY2025

Gross profit / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
HUM Dec	-	-	-	-	-	-	-	-	-	-
ELV Dec	-	-	-	-	-	-	-	-	-	-
CNC Dec	-	-	-	-	-	11.5%	11.7%	11.5%	10.5%	7.3%
JNJ Dec	69.7%	66.7%	66.8%	66.4%	-	70.3%	69.3%	68.8%	69.1%	67.9%
LLY Dec	-	-	-	-	-	-	-	-	-	-
HCA Dec	-	-	-	-	-	-	-	-	-	-
MRK Dec	-	-	-	-	-	-	-	-	-	-
ABBV Dec	-	-	-	-	-	-	-	-	-	-
PFE Dec	-	-	-	-	-	-	-	-	-	-
CAH Jun	5.4%	5.0%	5.2%	4.7%	4.5%	4.2%	3.6%	3.4%	3.3%	3.7%
Peer median	-	-	-	-	-	11.5%	11.7%	11.5%	10.5%	7.3%

Operating margin, FY2016 to FY2025

Operating income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
HUM Dec	3.2%	7.9%	5.4%	4.9%	6.5%	3.8%	4.1%	3.8%	2.2%	2.1%
ELV Dec	5.7%	4.6%	5.9%	5.8%	5.2%	5.5%	5.3%	5.0%	4.4%	3.6%
CNC Dec	3.1%	2.5%	2.4%	2.4%	2.8%	1.4%	0.9%	1.9%	1.9%	−3.9%
JNJ Dec	-	-	-	-	-	-	-	-	-	-
LLY Dec	-	-	-	-	-	-	-	-	-	-
HCA Dec	-	-	-	-	-	-	-	-	-	-
MRK Dec	-	-	-	-	-	-	-	-	-	-
ABBV Dec	36.4%	33.8%	19.5%	39.0%	24.8%	31.9%	31.2%	23.5%	16.2%	24.6%
PFE Dec	-	-	-	-	-	-	-	-	-	-
CAH Jun	2.0%	1.6%	0.1%	1.4%	−2.7%	0.3%	−0.3%	0.4%	0.5%	1.0%
Peer median	4.4%	3.6%	4.2%	4.1%	4.0%	3.4%	3.1%	3.4%	3.2%	2.3%

Net margin, FY2016 to FY2025

Net income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
HUM Dec	1.1%	4.6%	3.0%	4.2%	4.4%	3.5%	3.0%	2.3%	1.0%	0.9%
ELV Dec	2.9%	4.3%	4.1%	4.6%	3.8%	4.4%	3.8%	3.5%	3.4%	2.8%
CNC Dec	1.4%	1.7%	1.5%	1.8%	1.6%	1.1%	0.8%	1.8%	2.0%	−3.4%
JNJ Dec	23.0%	1.7%	18.8%	18.4%	-	26.5%	22.4%	41.3%	15.8%	28.5%
LLY Dec	12.9%	−1.0%	15.0%	37.3%	25.2%	19.7%	21.9%	15.4%	23.5%	31.7%
HCA Dec	7.0%	5.1%	8.1%	6.8%	7.3%	11.8%	9.4%	8.1%	8.2%	9.0%
MRK Dec	9.8%	6.0%	14.7%	25.2%	17.0%	26.8%	24.5%	0.6%	26.7%	28.1%
ABBV Dec	23.2%	18.8%	17.4%	23.7%	10.1%	20.5%	20.4%	9.0%	7.6%	6.9%
PFE Dec	13.7%	40.6%	27.3%	39.2%	22.0%	27.0%	31.0%	3.6%	12.6%	12.4%
CAH Jun	1.2%	1.0%	0.2%	0.9%	−2.4%	0.4%	−0.5%	0.2%	0.4%	0.7%
Peer median	9.8%	4.3%	14.7%	18.4%	8.7%	19.7%	20.4%	3.6%	8.2%	9.0%

Free cash flow, FY2016 to FY2025

Cash from operations minus capital spending.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
HUM Dec	$1.4B	$3.5B	$1.6B	$4.5B	$4.7B	$920.0M	$3.5B	$3.0B	$2.4B	$375.0M
ELV Dec	$2.7B	$3.4B	$2.6B	$5.0B	$9.7B	$7.3B	$7.2B	$6.8B	$4.6B	$3.2B
CNC Dec	$1.5B	$1.1B	$559.0M	$753.0M	$4.6B	$3.3B	$5.3B	$7.3B	−$490.0M	$4.3B
JNJ Dec	$15.5B	$17.8B	$18.5B	$19.9B	-	$19.8B	$17.2B	$18.2B	$19.8B	$19.7B
LLY Dec	-	-	-	-	-	-	-	-	-	-
HCA Dec	$2.9B	$2.4B	$3.2B	$3.4B	$6.4B	$5.4B	$4.1B	$4.7B	$5.6B	$7.7B
MRK Dec	$8.8B	$4.6B	$8.3B	$10.1B	$5.8B	$8.7B	$14.7B	$9.1B	$18.1B	$12.4B
ABBV Dec	$6.6B	$9.4B	$12.8B	$12.8B	$16.8B	$22.0B	$24.2B	$22.1B	$17.8B	$17.8B
PFE Dec	$14.4B	$14.8B	$13.8B	$10.5B	$12.2B	$29.9B	$26.0B	$4.8B	$9.8B	$9.1B
CAH Jun	$2.5B	$797.0M	$2.4B	$2.4B	$1.6B	$2.0B	$2.8B	$2.4B	$3.3B	$1.9B
Peer median	$4.7B	$4.0B	$5.7B	$7.5B	$6.4B	$8.0B	$11.0B	$7.0B	$7.7B	$8.4B

FCF margin, FY2016 to FY2025

Free cash flow / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
HUM Dec	2.6%	6.6%	2.7%	7.0%	6.1%	1.1%	3.7%	2.8%	2.0%	0.3%
ELV Dec	3.2%	3.8%	2.8%	4.8%	7.9%	5.2%	4.6%	3.9%	2.6%	1.6%
CNC Dec	3.8%	2.2%	0.9%	1.0%	4.2%	2.6%	3.6%	4.7%	−0.3%	2.2%
JNJ Dec	21.6%	23.3%	22.7%	24.3%	-	25.1%	21.5%	21.4%	22.3%	20.9%
LLY Dec	-	-	-	-	-	-	-	-	-	-
HCA Dec	7.0%	5.5%	6.8%	6.7%	12.4%	9.2%	6.9%	7.2%	8.0%	10.2%
MRK Dec	22.0%	11.4%	19.6%	25.7%	14.0%	17.8%	24.8%	15.2%	28.2%	19.0%
ABBV Dec	25.6%	33.4%	39.0%	38.4%	36.7%	39.1%	41.8%	40.6%	31.7%	29.1%
PFE Dec	27.2%	28.3%	33.9%	25.8%	29.2%	36.7%	25.7%	8.0%	15.5%	14.5%
CAH Jun	2.1%	0.6%	1.7%	1.6%	1.0%	1.2%	1.5%	1.2%	1.4%	0.8%
Peer median	14.3%	8.5%	13.2%	15.5%	12.4%	13.5%	14.2%	7.6%	11.7%	12.3%

Return on equity, FY2016 to FY2025

Net income / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
HUM Dec	5.7%	24.9%	16.6%	22.5%	24.5%	18.2%	18.3%	15.3%	7.4%	6.7%
ELV Dec	9.8%	14.5%	13.1%	15.2%	13.8%	17.1%	16.3%	15.2%	14.5%	12.9%
CNC Dec	9.5%	12.1%	8.2%	10.5%	7.0%	5.0%	5.0%	10.5%	12.5%	−33.4%
JNJ Dec	23.5%	2.2%	25.6%	25.4%	-	28.2%	23.4%	51.1%	19.7%	32.9%
LLY Dec	19.5%	−1.8%	32.9%	n/m	109.8%	62.2%	58.6%	48.6%	74.2%	77.8%
HCA Dec	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m
MRK Dec	9.8%	7.0%	23.3%	38.0%	27.9%	34.2%	31.6%	1.0%	37.0%	34.7%
ABBV Dec	128.4%	104.2%	n/m	n/m	35.3%	74.9%	68.6%	46.9%	128.7%	n/m
PFE Dec	12.1%	29.9%	17.6%	25.4%	14.5%	28.5%	32.8%	2.4%	9.1%	9.0%
CAH Jun	21.8%	18.9%	4.2%	21.5%	n/m	34.1%	n/m	n/m	n/m	n/m
Peer median	15.8%	13.3%	17.6%	23.5%	21.2%	31.3%	31.6%	15.2%	19.7%	22.9%

Debt / equity, FY2016 to FY2025

Total debt / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
HUM Dec	0.38	0.50	0.60	0.47	0.49	0.78	0.73	0.72	0.72	0.70
ELV Dec	0.63	0.75	0.66	0.62	0.61	0.64	0.67	0.64	0.76	0.73
CNC Dec	0.81	0.70	0.63	1.10	0.65	0.71	0.76	0.70	0.71	0.88
JNJ Dec	0.41	0.60	0.55	0.47	-	0.48	0.54	0.45	0.54	0.61
LLY Dec	0.74	1.09	0.99	5.80	2.90	1.86	1.53	2.35	2.37	1.54
HCA Dec	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m
MRK Dec	0.62	0.71	0.94	1.02	1.26	0.87	0.67	0.93	0.80	0.94
ABBV Dec	7.95	7.33	n/m	n/m	6.50	4.93	3.66	5.72	n/m	n/m
PFE Dec	0.62	0.61	0.64	0.81	0.07	0.49	0.37	0.81	0.72	0.75
CAH Jun	0.85	1.65	1.49	1.27	3.79	3.48	n/m	n/m	n/m	n/m
Peer median	0.68	0.73	0.66	1.02	1.26	0.79	0.67	0.81	0.74	0.81

EPS (diluted), FY2016 to FY2025

Diluted earnings per share, on today's share count after splits.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
HUM Dec	$4.07	$16.81	$12.16	$20.10	$25.31	$22.67	$22.08	$20.00	$9.98	$9.84
ELV Dec	$9.21	$14.35	$14.19	$18.47	$17.98	$24.95	$24.28	$25.22	$25.68	$25.21
CNC Dec	$1.71	$2.34	$2.26	$3.14	$3.12	$2.28	$2.07	$4.95	$6.31	−$13.53
JNJ Dec	$5.93	$0.47	$5.61	$5.63	-	$7.81	$6.73	$13.72	$5.79	$11.03
LLY Dec	$2.58	−$0.19	$3.13	$8.89	$6.79	$6.12	$6.90	$5.80	$11.71	$22.95
HCA Dec	$7.30	$5.95	$10.66	$10.07	$10.93	$21.16	$19.15	$18.97	$22.00	$28.33
MRK Dec	$1.41	$0.87	$2.32	$3.81	$2.78	$5.14	$5.71	$0.14	$6.74	$7.28
ABBV Dec	$3.63	$3.30	$3.66	$5.28	$2.72	$6.45	$6.63	$2.72	$2.39	$2.36
PFE Dec	$1.17	$3.52	$1.87	$2.82	$1.63	$3.85	$5.47	$0.37	$1.41	$1.36
CAH Jun	$4.32	$4.03	$0.81	$4.53	−$12.61	$2.08	−$3.37	$1.26	$3.45	$6.45
Peer median	$3.63	$3.30	$3.13	$5.28	$2.95	$6.12	$6.63	$4.95	$6.31	$7.28

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out HUM and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

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