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Humana HUM Return on invested capital

Return on invested capital at other companies

CVS Health logo
CVS HealthCVS
7.1%-1.2pp
UnitedHealth Group logo
UnitedHealth GroupUNH
12.3%-6.5pp
Centene logo
CenteneCNC
-30.4%-39.8pp
Elevance Health logo
Elevance HealthELV
11.8%+0.5pp
Cigna logo
CignaCI
22%+3.3pp
MetLife logo
MetLifeMET
17.8%-1.9pp

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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Operating margin2.7%-1.7pp
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 return on invested capital?
Humana (HUM) reported return on invested capital of 15.9% in Q3 2024.
How has Humana's return on invested capital changed year-over-year?
Humana's return on invested capital decreased by 37.9% year-over-year, from 25.6% to 15.9%.
What is the long-term trend for Humana's return on invested capital?
Over 2 years (2021 to 2023), Humana's return on invested capital has grown at a -4.4% compound annual growth rate (CAGR), from 90.3% to 82.5%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.