UnitedHealth Group is one of the largest private health insurers and provides medical benefits to about 51 million members globally, including 1 million outside the US as of December 2024. As a leader in employer-sponsored, self-directed, and government-backed insurance plans, UnitedHealth has obtained massive scale in medical insurance. Along with its insurance assets, UnitedHealth's Optum franchises help create a healthcare services colossus that spans everything from pharmaceutical benefits to providing outpatient care and analytics to both affiliated and third-party customers.
Employees400,000IPONov 26, 2020SIC6324HQ1 Health Drive, Eden Prairie, MN, USA, 55344
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Financials
Profitability
Metric
Current
Margins
Gross Margin
18.5%
Operating Margin
4.2%
EBITDA Margin
5.2%
Net Margin
2.7%
OCF Margin
4.4%
FCF Margin
3.6%
Returns on Capital
ROE
12.8%
ROA
3.9%
ROIC
6.5%
ROCE
9.5%
ROC (Greenblatt)
172.9%
3Y ROIIC
−12.1%
Consistency
Years Profitable / 10Y
10
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
21.40
Forward P/E
15.96
P/E ex-NRI
17.30
Shiller P/E (CAPE)
16.14
Cash Flow Multiples
P/FCF
16.01
P/OCF
13.06
P/Owner Earnings
18.47
FCF Yield
6.21%
Enterprise Value Multiples
EV / EBIT
16.94
EV / Forward EBIT
12.99
EV / EBITDA
13.74
EV / Forward EBITDA
11.33
EV / Revenue
0.71
EV / Forward Revenue
0.70
Asset / Sales
P/S
0.57
P/B
2.72
P/Tangible Book
—
Growth-Adjusted
PEG
43.90
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
3.06%
Forward Dividend Yield
3.10%
3Y Dividend Growth
10.9%
Payout Ratio
0.54
5Y Yield on Cost
5.59%
Buybacks & Dilution
3Y Buyback Ratio
1.00%
Combined
Shareholder Yield
3.39%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
0.83
Gross Debt / EBITDA
3.40
Cash / Debt
0.36
Equity / Assets
0.30
Coverage
Interest Coverage
4.74
Short-Term Liquidity
Current Ratio
0.79
Quick Ratio
0.79
Cash Ratio
0.24
Composite Scores
Piotroski F-Score
6
Altman Z-Score
2.73
Split History
Date
Split
No split history found.
Ex-date
Amount
Pay date
No dividend history found.
Date
Transcript
Type
2026-07-16
Q2 2026 UnitedHealth Group Inc Earnings Call Transcript
Earnings Call
2026-06-01
UnitedHealth Group Inc Annual Shareholders Meeting Transcript
Shareholders and Annual Meetings
2026-04-21
Q1 2026 UnitedHealth Group Inc Earnings Call Transcript
Earnings Call
2026-01-27
Q4 2025 UnitedHealth Group Inc Earnings Call Transcript
Earnings Call
2025-10-28
Q3 2025 UnitedHealth Group Inc Earnings Call Transcript
Earnings Call
2025-07-29
Q2 2025 UnitedHealth Group Inc Earnings Call Transcript
Earnings Call
2025-04-17
Q1 2025 UnitedHealth Group Inc Earnings Call Transcript
Earnings Call
2025-01-16
Q4 2024 Unitedhealth Group Inc Earnings Call Transcript
Earnings Call
2024-10-15
Q3 2024 Unitedhealth Group Inc Earnings Call Transcript
Earnings Call
2024-07-16
Q2 2024 Unitedhealth Group Inc Earnings Call Transcript
Earnings Call
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5-Step DuPont Analysis
ROE %
12.91%
×
×
Net Margin %
2.69%
×
×
Operating Margin %
4.24%
Operating Income
$18.96B
÷
Revenue
$447.57B
×
Tax Burden
0.8203
Net Income
$12.06B
÷
Pretax Income
$14.70B
×
Interest Burden
0.7750
Pretax Income
$14.70B
÷
Operating Income
$18.96B
×
Asset Turnover
1.47
÷
Revenue
$447.57B
÷
Average Total Assets
$303.93B
Begin Total Assets
$298.28B
End Total Assets
$309.58B
×
Equity Multiplier
3.25
÷
Avg Total Assets
$303.93B
÷
Avg Stockholders Equity
$93.38B
Begin Equity
$92.66B
End Equity
$94.11B