UnitedHealth Group Inc (UNH)

UnitedHealth Group Incorporated operates as a health care company in the United States and internationally. It operates through four segments: Optum Health, Optum Insight, Optum Rx; and UnitedHealthcare. The Optum Health segment provides care delivery, care management, wellness and consumer engagement, and health financial services with patients, consumers, care delivery systems, providers, employers, payers, and public-sector entities. The Optum Insight segment offers software and information products, advisory consulting arrangements, and managed services outsourcing contracts to hospital systems, physicians, health plans, public entities, life sciences companies and other organizations. The Optum Rx segment provides pharmacy care services and programs, including retail network contracting, home delivery, specialty and community health pharmacy services, infusion, and purchasing and clinical capabilities, as well as develops programs in the areas of step therapy, formulary management, drug adherence, and disease and drug therapy management. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; Medicaid plans, including Temporary Assistance to Needy Families; Children's Health Insurance Programs; Dual SNPs; Long-Term Services and Supports; Aged, Blind and Disabled; and other federal, state, and community health care programs. and health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage. UnitedHealth Group Incorporated was founded in 1974 and is based in Eden Prairie, Minnesota.

Symbol
UNH
Exchange
NYSE
Sector
Healthcare
Industry
Healthcare Plans
Market cap
$330.13B
52 week range
255.97 - 461.62

Valuation

Share price
$365.16 (close of 2026-10-01)
P/E (TTM)
23.38x
Price to book
3.16x
Price to free cash flow
13.98x
Enterprise value
$371.99B
Book value per share
$115.48

Price performance

PeriodChange
1 day-0.52%
5 days-2.63%
1 month-7.86%
3 months-14.39%
6 months+33.28%
Year to date+10.62%
1 year+4.84%
3 years-27.58%
5 years-6.95%
10 years+160.83%

Members of Congress who disclosed UNH trades

Gilbert Ray Cisneros · Richard McCormick · Lisa McClain · Val Hoyle · Julie Johnson · Tim Moore · Jefferson Shreve · Marjorie Taylor Greene · Robert Bresnahan · Jared Moskowitz · John Boozman · Julia Letlow

And 17 others

Super investors holding UNH

Dodge & Cox (Dodge & Cox Funds) · Christopher Davis (Davis Selected Advisers) · Ruane Cunniff (Ruane, Cunniff & Goldfarb L.P.) · Mairs & Power (Mairs & Power Inc) · Samantha McLemore (Patient Capital Management, LLC) · Vulcan Value Partners (Vulcan Value Partners, LLC)

Profitability and growth

Return on equity
12.05%
Return on invested capital
11.36%
Return on assets
3.89%
Return on capital employed
9.74%
Gross margin
88.68%
Net margin
2.69%
EBITDA margin
5.21%
Revenue growth
11.81%
Net income growth
-16.31%
Free cash flow growth
-22.36%

Cash flow and balance sheet

Free cash flow yield (TTM)
7.15%
Current ratio
0.78x
Net debt to EBITDA
1.63x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$447.57B
Cost of revenue
$50.66B
Gross profit
$396.91B
EBITDA
$23.32B
Net income
$12.06B
Earnings per share
$13.28
Interest expense
$4.00B
Shares outstanding
908.00M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$447.57B$396.91B$12.06B$13.28
2024-12-31$400.28B$353.58B$14.40B$15.64
2023-12-31$371.62B$332.85B$22.38B$24.12
2022-12-31$324.16B$290.46B$20.12B$21.47
2021-12-31$287.60B$256.56B$17.29B$18.33
2020-12-31$257.14B$226.40B$15.40B$16.23
2019-12-31$242.16B$214.04B$13.84B$14.55
2018-12-31$226.25B$199.25B$11.99B$12.45
2017-12-31$201.16B$177.05B$10.56B$10.95
2016-12-31$184.84B$160.42B$7.02B$7.37

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3188.68%2.69%12.05%11.36%
2024-12-3188.33%3.60%14.66%18.80%
2023-12-3189.57%6.02%23.70%20.73%
2022-12-3189.60%6.21%24.70%20.45%
2021-12-3189.21%6.01%23.03%19.96%
2020-12-3188.04%5.99%22.54%18.94%
2019-12-3188.39%5.71%22.90%17.55%
2018-12-3188.07%5.30%22.07%17.85%
2017-12-3188.01%5.25%21.19%18.19%
2016-12-3186.79%3.80%18.38%14.07%

Cash and debt by year

Period endCashDebt
2025-12-31$28.12B$72.32B
2024-12-31$29.11B$72.36B
2023-12-31$29.63B$58.26B
2022-12-31$27.91B$54.51B
2021-12-31$23.91B$42.38B
2020-12-31$19.78B$38.65B
2019-12-31$14.24B$36.81B
2018-12-31$14.32B$34.58B
2017-12-31$15.49B$28.84B
2016-12-31$13.28B$25.78B

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$16.07B$971.00M
2024-12-31$20.70B$1.02B
2023-12-31$25.68B$1.06B
2022-12-31$23.40B$925.00M
2021-12-31$19.89B$800.00M
2020-12-31$20.12B$679.00M
2019-12-31$16.39B$697.00M
2018-12-31$13.65B$638.00M
2017-12-31$11.57B$597.00M
2016-12-31$8.09B$485.00M

Dividend history

Most recent payment
2026-09-14
Paid in the last twelve months
$9.06
Payment dateDividend per share
2026-09-14$2.32
2026-06-15$2.32
2026-03-09$2.21
2025-12-08$2.21
2025-09-15$2.21
2025-06-16$2.21
2025-03-10$2.10
2024-12-09$2.10

Investor relations

Next earnings report

Next confirmed report
2026-10-13
Consensus EPS estimate
$4.12

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-16Jun/2026$4.94
2026-04-21--
2026-01-27--
2025-10-28--
2025-07-29--
2025-07-14--
2025-04-17--
2025-04-14--

Filings and sources

Company website
unitedhealthgroup.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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