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 2025. 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 affiliates and third parties.
Employees390,000SIC6324HQ1 Health Drive, Eden Prairie, MN, USA, 55344
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Financials
Profitability
Metric
Current
Margins
Gross Margin
18.8%
Operating Margin
4.2%
EBITDA Margin
5.1%
Net Margin
2.7%
OCF Margin
5.2%
FCF Margin
4.4%
Returns on Capital
ROE
12.6%
ROA
3.9%
ROIC
6.5%
ROCE
9.4%
ROC (Greenblatt)
170.8%
3Y ROIIC
−12.1%
Consistency
Years Profitable / 10Y
10
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
32.13
Forward P/E
20.72
P/E ex-NRI
26.03
Shiller P/E (CAPE)
22.93
Cash Flow Multiples
P/FCF
19.67
P/OCF
16.71
P/Owner Earnings
21.72
FCF Yield
5.09%
Enterprise Value Multiples
EV / EBIT
23.79
EV / Forward EBIT
20.94
EV / EBITDA
19.28
EV / Forward EBITDA
17.99
EV / Revenue
0.98
EV / Forward Revenue
0.98
Asset / Sales
P/S
0.86
P/B
3.94
P/Tangible Book
—
Growth-Adjusted
PEG
65.08
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
2.35%
Forward Dividend Yield
2.44%
3Y Dividend Growth
10.9%
Payout Ratio
0.54
5Y Yield on Cost
4.29%
Buybacks & Dilution
3Y Buyback Ratio
1.00%
Combined
Shareholder Yield
2.30%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
0.80
Gross Debt / EBITDA
3.41
Cash / Debt
0.40
Equity / Assets
0.31
Coverage
Interest Coverage
4.76
Short-Term Liquidity
Current Ratio
0.80
Quick Ratio
0.80
Cash Ratio
0.27
Composite Scores
Piotroski F-Score
6
Altman Z-Score
3.11
Split History
Date
Split
No split history found.
Ex-date
Amount
Pay date
2026-06-15
$2.32
2026-06-23
2026-03-09
$2.21
2026-03-17
2025-12-09
$2.21
2025-12-16
2025-09-15
$2.21
2025-09-23
2025-06-16
$2.21
2025-06-24
2025-03-10
$2.1
2025-03-18
2024-12-09
$2.1
2024-12-17
2024-09-16
$2.1
2024-09-24
2024-06-17
$2.1
2024-06-25
2024-03-08
$1.88
2024-03-19
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View allDate
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
10 of 51
5-Step DuPont Analysis
ROE %
12.49%
×
×
Net Margin %
2.68%
×
×
Operating Margin %
4.19%
Operating Income
$18.84B
÷
Revenue
$449.71B
×
Tax Burden
0.8275
Net Income
$12.04B
÷
Pretax Income
$14.55B
×
Interest Burden
0.7727
Pretax Income
$14.55B
÷
Operating Income
$18.84B
×
Asset Turnover
1.45
÷
Revenue
$449.71B
÷
Average Total Assets
$311.22B
Begin Total Assets
$309.79B
End Total Assets
$312.64B
×
Equity Multiplier
3.23
÷
Avg Total Assets
$311.22B
÷
Avg Stockholders Equity
$96.46B
Begin Equity
$95.04B
End Equity
$97.88B