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Humana HUM Operating margin

Operating margin at other companies

CVS Health logo
CVS HealthCVS
1.5%-1.1pp
UnitedHealth Group logo
UnitedHealth GroupUNH
4.2%-4.0pp
Centene logo
CenteneCNC
-3.7%-5.8pp
Cigna logo
CignaCI
3.4%-0.1pp
Cencora logo
CencoraCOR
0.8%0.0pp

Other financials

Income statement

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Revenue$39.6B+23.5%
Operating income$1.8B-12.9%
Net income$1.2B-4.7%
EPS (diluted)$9.83-4.6%

Balance sheet

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Cash & equivalents$5.0B+16.5%
Total debt$14.0B+5.2%
Total equity$18.6B+4.7%
Total assets$55.3B+8.5%

Cash flow

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Operating cash flow$1.3B+279%
CapEx$121.0M+27.4%
Free cash flow$1.1B+380%

Valuation

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Market cap$43.46B-34.8%
Enterprise value$52.5B-27.2%
P/E13.7×-1.7×
P/S0.3×-0.2×

Profitability

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Net margin3%-0.1pp

Returns & leverage

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Return on equity18.2%+0.9pp
Debt / equity0.8×0.0×
Current ratio1.8×-0.1×

Where this comes from

Calculated from Humana’s reported figures.

Based on trailing twelve months.

The official record: Humana’s 10-Q, filed November 5, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Humana's operating margin?
Humana (HUM) reported operating margin of 2.7% in Q3 2024.
How has Humana's operating margin changed year-over-year?
Humana's operating margin decreased by 38.4% year-over-year, from 4.4% to 2.7%.
What is the long-term trend for Humana's operating margin?
Over 2 years (2021 to 2023), Humana's operating margin has grown at a -6.4% compound annual growth rate (CAGR), from 19.9% to 17.4%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.